Zee shares plunged 14.7% on Wednesday on news reports that the Securities and Exchange Board of India (Sebi) may have found inconsistencies worth $241 million in the accounts of the company. The stock closed at ₹164.5.
Rajesh Palviya, of Axis Securities, says Godrej Property and BEL are promising in the real estate space. Godrej Property has a near-term target of Rs 2,450 with a stop loss of Rs 2335. BEL is consolidating and can extend momentum towards Rs 198-202. Prataap Snacks and Graphite are also showing positive trends.
SBI Life Insurance Company ended at new closing high and formed strong bullish candlestick pattern with healthy volumes on the daily timeframe, after a decisive breakout of horizontal resistance trendline.