Oil & Natural Gas Corporation’s daily trend is bullish to sideways. The RSI for daily is showing sideways momentum, however, the RSI for monthly and weekly are showing bullish momentum. Based on option chain analysis, the range is between 250 and 300. Let’s plan a trade around this.
BPCL has surged 39 per cent in 2024 so far. It traded at Rs 625.60 today against Rs 450.65 at the end of 2023. If one goes by Emkay Global, further re-rating should not be ruled on the OMC counter
Emkay Global said loan growth for top PSU banks compounded annually over the last three years has been about 13.5 per cent. State Bank of India (SBI) will earn about 18 per cent return on equity in FY24, it estimated.
The other stock which Jani picked was Metropolis Healthcare Ltd. "For Metropolis, expected target would be Rs 1,740. Keep stop loss placed at Rs 1,689," he mentioned.
Dividend paying stocks: Elara Securities expects an annual dividend payout of Rs 20-23 per share by Coal India, which implies a 7 per cent yield. This brokerage finds the stock worth Rs 453.