Top stock picks for today: In an interaction with BT TV, the market expert said Central Depository Services India Ltd's (CDSL's) share price is likely to head higher in the near term. "At present, one can trail the stop loss to Rs 1,515, expecting an upside target of Rs 1,650-1,700 levels," he stated. The stock was last seen trading 2.94 per cent higher at Rs 1,627.95.
Cochin Shipyard share price: The counter was last seen trading higher than the 5-day, 20-, 30-, 50-, 100-, 150-, 200-day simple moving averages (SMAs) but lower than the 10-day SMA. The counter's 14-day relative strength index (RSI) came at 59.36. A level below 30 is defined as oversold while a value above 70 is considered overbought.
Hot stocks today: Benchmark indices were trading lower in early deals today (September 26). Cochin Shipyard, EKI Energy Services, Nuvama Wealth, Apar Industries, IFCI and Delta Corp are among stocks buzzing in action. Find out all about it in this Business Today Visual Story.
While the positive sentiments are driving the shipping stocks, the latest trigger was the company signing a Master Ship Repair Agreement (MSRA) with the US government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka.
Cochin Shipyard: Kotak has revised its fair value for the stock to Rs 990 from Rs 740, as it factors in the potential repeat order at a 10 per cent lower cost and 7-year execution period.