Stock market Trend and Sensex stock follow these trends among them 18 are trading at 10 to 70% lower than their respective 52-week highs.
Over 2\3rd of Nifty stocks are trading at a double discount to their respective 52-week highs, which also pulled the index 5 % lower in June-July.
These buzzing stocks include Cipla, Titan, ZEE Entertainment, ONGC, Hero MotoCorp, Sun Pharma, JSW Steel, M&M, Maruti Suzuki, and YES Bank, among others.
Experts suggest waiting rather than buying on attractive offers. “Nifty has time and again disappointed the Street and the macros are also not lifting the sentiment either. In this negativity, it's good to wait rather than jump into any stock,” said by sources.
Mehta said may sentiment goes decline. "Investors should look at the return on equity, free cash flows, exposure to debt, promoter pledge, operating efficiency, and other fundamental factors before doing anything risky,”.
Such sentiment in Overall market is not encouraging. among 500 NSE Stock, 56 stocks are trading at Discount of 50 to 90 % from last 52 Weeks. Under this unstable market take only expert advice to trade Stock Future Tips.
They include Stocks SREI Infra, Jain Irrigation, Central Bank, Infibeam, HEG, Graphite India, Reliance Capital, Jet Airways, DHFL, Reliance Communications and Cox & Kings Ltd, HEG, Graphite India, Reliance Capital, among others.
“Investors generally prefer to invest in stable markets. Political uncertainty & unexciting earnings growth dampen the situation and keep them away from markets,” according to the source.
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