financetom
Market
financetom
/
Market
/
Tech analyst sees upside in Ambuja Cements and Fine Organic
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tech analyst sees upside in Ambuja Cements and Fine Organic
Jun 6, 2023 5:57 AM

Investment expert Ashish Kyal of Waves Strategy Advisors recently shared some valuable insights during an interview with CNBC-TV18. Kyal's has recommend two specific stocks for potential investors.

Share Market Live

NSE

The first stock that Kyal suggests is Ambuja Cements. He advises investors to consider buying Ambuja Cements at its current price, with a strategically placed stop loss at Rs 438. Furthermore, Kyal suggests a target price of Rs 486 for those considering an investment in this particular company.

In today's trading session, Ambuja Cements demonstrated a significant upward momentum. The stock showcased a commendable performance, which was further complemented by robust trading volumes. One of the positive aspects observed in Ambuja Cements' trajectory was its rebound from the 20-day moving average (DMA). This indicates a bullish sentiment among investors, as the stock successfully managed to rise above its recent short-term average. The company's ability to bounce back from this key technical level highlights the potential for further price appreciation. The stock has gained more than 13 percent in the last month.

In addition to Ambuja Cements, Kyal also recommends Fine Organic as a potential investment opportunity. For interested investors, Kyal suggests purchasing Fine Organic at its current market price. He advises setting a stop loss at Rs 4,790 to protect against potential downside risks. Furthermore, Kyal projects a target price of Rs 5,320 for Fine Organic.

Fine Organic, after enduring a downward trend over the past few months, has shown signs of a reversal. Investors have witnessed a positive shift in the stock's performance, with the recent momentum being particularly encouraging. Notably, Fine Organic has experienced an improvement in both traction and momentum, suggesting a growing interest in the stock. This positive change in sentiment indicates that investors are optimistic about the company's future prospects. The stock has gained more than 11 percent over the past month.

Disclaimer:

The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Catch all the latest updates from the stock market here

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Futures rise after volatile week; consumer data on tap
US STOCKS-Futures rise after volatile week; consumer data on tap
Mar 14, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.55%, S&P 500 0.75%, Nasdaq 0.98% March 14 (Reuters) - U.S. stock index futures were higher on Friday, signaling a pause from a week-long selloff triggered by fears over the economic impact of the Trump administration's...
Dow Tumbles Over 500 Points On Tariff Threats; Fear Continues To Grip Markets, Fear & Greed Index Remains In 'Extreme Fear' Zone
Dow Tumbles Over 500 Points On Tariff Threats; Fear Continues To Grip Markets, Fear & Greed Index Remains In 'Extreme Fear' Zone
Mar 14, 2025
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Thursday. U.S. stocks settled lower on Thursday, with the Dow Jones index falling more than 500 points during the session following the release of economic data. U.S. producer prices came in unchanged in February from...
Factbox-How investors buy gold and what drives the market
Factbox-How investors buy gold and what drives the market
Mar 14, 2025
(Reuters) -Gold prices breached the $3,000 mark for the first time on Friday, hitting an all-time high for the 13th time this year, with trade war concerns fuelling safe-haven demand for the metal. Bullion prices touched $3,004.86, to gain of over 14% this year. Here are the different ways to invest in gold:   SPOT MARKET  Large buyers and institutional investors...
Ulta Beauty, DocuSign And 3 Stocks To Watch Heading Into Friday
Ulta Beauty, DocuSign And 3 Stocks To Watch Heading Into Friday
Mar 14, 2025
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Li Auto Inc. ( LI ) to report quarterly earnings at 34 cents per share on revenue of $6.76 billion before the opening bell, according to data from Benzinga Pro. Li Auto ( LI...
Copyright 2023-2026 - www.financetom.com All Rights Reserved