In the 'curious' case of BHEL, Kotak said the market is willing to give multiples to limited-period or limited opportunity earnings, a clear violation of any reasonable valuation framework.
The S&P BSE Sensex rose 33 points to close at 69,584 while the Nifty50 ended with gains of 19 points to 20,926. Sectorally, buying was seen in the public sector, realty, power, capital goods, and auto while selling was seen in IT, oil & gas, energy, and banks.
NTPC’s daily trend is bullish. The RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 250 and 280. Let’s plan a trade around this.