Stocks to Watch Today: Godawari Power, IFCI Among Picks Showing Strength

Market Overview:
Dalal Street witnessed a pause in its recent bullish momentum on Tuesday. Both key indices closed largely unchanged amid a volatile session. The BSE Sensex slipped 42.64 points (0.05%) to close at 85,524.84, while the NSE Nifty 50 edged higher by 4.75 points (0.02%) to end at 26,177.15. Profit-booking in IT and pharmaceutical stocks contributed to the mild slowdown.

During the session, Sensex hit an intraday high of 85,704.93 and a low of 85,342.99. The Nifty 50 saw marginal gains despite fluctuations, reflecting cautious investor sentiment.

Top Movers – Sensex Stocks:
On the losing side, Infosys, Bharti Airtel, Adani Ports, Sun Pharma, Tech Mahindra, ITC, Axis Bank, and Maruti witnessed declines. Meanwhile, gainers included ITC, UltraTech Cement, Tata Steel, and HDFC Bank, showing selective buying interest.

Stocks Showing Buying Interest:
Investors are showing strong interest in Jupiter Wagons, Ircon International, Godawari Power, IFCI, Cholamandalam Investment & Finance, Alok Industries, and RailTel Corporation of India. Many of these stocks have breached their 52-week highs, signaling potential upside momentum.

Stocks Signaling Weakness:
The MACD indicator suggests a bearish trend in stocks like Coforge, Latent View Analytics, Chennai Petroleum Corporation, Kajaria Ceramics, Aegis Vopak Terminals, Schaeffler India, and Neuland Laboratories, indicating potential downside in the near term.

Disclaimer: The stock suggestions and analysis provided here reflect individual analysts’ or brokerage firm opinions, not Navbharat Times. Investors are advised to consult certified experts before making any investment decisions, as market conditions can change rapidly.

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