D-Mart extends gain; Shares surge 18%

Shares of Avenue Supermarts, which runs D-Mart retail chain, on Tuesday, extended its gains, soaring up by over 18 percent on the Exchanges. The stock caught attention of investors in today as a global investment banker initiated a buy ratings on the stock, as per news.

The stock was trading 17% higher at Rs 1,209 after lunch hours, as against range-bound movement on the Nifty50 index. The trading volumes on the counter spiraled with a combined 1.5 million shares changed hands on both Exchanges. The stock caught a total traded volume of 32,23,017  shares with traded value of Rs  36,466.50 crore on NSE. The stock has gained 256 percent as compared to its issue price of Rs 299 per share.

The Company offers an array of products with a focus on foods, Fast Moving Consumer Goods and general merchandise & apparel product categories.

Share for Positional Trading from Top Stocks Expert

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in RUSHIL & TV TODAY.

“RUSHIL is strong on daily Charts & bullish cross walk in MACD and good numbers at ADX shows strong movement a head, therefore I suggest traders to go long above 1075 with a price target of 1125 & Stop loss should be placed below1000”

Company has good consistent profit growth of 33.95% over 5 years.

Price of stock has risen by 9.72% and Vol has also risen by 171.28% (Vol compared with 5 day avg vol till 03:30 PM).

Best Stock Tips for Today (25th September)

Shares of Reliance Industries Limited (RIL), Divis’ Laboratories Ltd and Tata Steel Ltd were trading on Monday morning on NSE, as the most active stocks in terms of value on by Rs 58.42 crore, Rs 54.66 crore and Rs 54.02 crore, respectively. Media Company, NDTV shot up by around 5 percent on the exchanges during Monday’s trade. The stock jumped to breach its upper circuit of Rs 55.75, up by 4.99 percent on BSE in the early trade on Monday.

The other stocks in terms of value includes Axis Bank by Rs 48.95 cr, Maruti Suzuki Ltd by Rs 37.38 cr, Vedanta Ltd by Rs 36.70 cr, Aurobindo Pharma by Rs 35.14 cr, SBI by Rs 35.09 crore, Dr Reddy’s Labs by Rs 34.95 cr, India bulls Housing by Rs 33.11 cr, Bajaj Finance by Rs 32.24 cr and Tata Motors by Rs 32.15 cr.

The BSE Sensex is trading at 31,690 down by 214 points, while NSE Nifty is trading at 9,879 down by 84 points. A total of 17 stocks clocked a fresh 52-week high in trade today, while 47 stocks registered a new 52-week low on the NSE.

On the other hand, stocks of Bharti Infratel up 1.47%, Power Grid up 1.36%, Tata Power up 1%, TCS up 0.78%, ITC up 0.30%, NTPC up 0.24% and HUL up 0.23% were gaining in trade. All the sectorial stocks were trading in negative terrain. The Nifty realty index was down 2.27%, while Nifty Bank index fell 0.96%.

FPIs sold shares worth a net Rs. 1,241.73 crore on Friday, as per provisional data released by the exchanges. Adani Ports, Tata Steel, and L&T were major losers, while TCS and Power Grid were top gainers.