Are you looking for best Intraday Stocks For 30 April 2024? Alright, Let’s discuss about BANKBARODA and 2 other best intraday stocks For Tomorrow.
Nifty 50
The Nifty 50 performed well today, April 29th, 2024. Here’s a breakdown:
Upward Trend: As of now, the Nifty 50 closed at 22643.40, which is a 1.00% increase from its opening price. Its close to the 52 weeks high which Nifty made on 10th April 2024.
Positive Day: This indicates a positive day for the Nifty 50 and investors who hold stocks within the index.
Best Intraday Stocks For Tomorrow: 30 April 2024
1) BANKBARODA
BANKBARODA Prediction For Tomorrow: First Stock in our list of Best Intraday Stocks For Tomorrow is BANKBARODA.
Bank of Baroda is a leading Indian bank with a strong international presence. Founded in 1908, it boasts a vast network of branches offering retail, corporate, and agricultural banking services. As of today, April 29th, 2024, Bank of Baroda stock (BANKBARODA) performed well. It’s currently closed at ₹272.60, which is a 1.70% increase from its opening price. The stock has also seen a high of ₹273.90 today. This indicates a positive day for Bank of Baroda investors.
Looking at a broader timeframe, the stock’s 52-week range sits between ₹172.80 and ₹285.60. While it’s not at its yearly high, it’s nearing it. To make informed decisions, you’d want to consider factors like the bank’s financials, analyst ratings, and overall market trends. Resources like the National Stock Exchange of India (https://www.nseindia.com/get-quotes/equity?symbol=BANKBARODA) and the Bombay Stock Exchange (https://www.bseindia.com/stock-share-price/bank-of-baroda/bob/532134/?iframe=true&width=800&height=500) can provide more details.
KEY LEVELS:
ENTRY – Above 274
TARGET – 276.50 and 278
STOP LOSS – 271.50
Short Sell:
Below are the short sell levels of BANKBARODA Share.
ENTRY – Below 271
TARGET – 269 and 267
STOP LOSS – 273
2) TATA CHEM
TATA CHEM Prediction For Tomorrow: Second Stock in our list of Best Intraday Stocks For Tomorrow is TATA CHEM.
Tata Chemicals (TATACHEM), part of the Tata Group conglomerate, is a major player in the Indian chemical industry. They’re known for producing soda ash, a vital material in glass, detergents, and chemicals. Tata Chemicals (TATACHEM) is down today, April 29th, 2024.
As of now, it’s closed at ₹1099.50, which is a 2.01% drop from its opening price. This suggests a weaker performance compared to the broader market. QUarterly result was also announced and TATA Chem reported net loss of 841 crore. TATA Chem also announced dividend of 15rs per share.
Result in brief: Tata Chemicals Ltd faced a challenging quarter, reporting a net loss of Rs 841 crore in the January-March period of FY24, a significant shift from the Rs 692 crore profit in the same period last year. Despite this setback, the firm remains committed to its shareholders, declaring a dividend of Rs 15 per share.
The financial difficulties were exacerbated by a non-cash asset write-down totaling Rs 963 crore, primarily affecting the Soda ash and Bicarb operations in the United Kingdom. This exceptional loss underscores the company’s efforts to address underlying issues and streamline operations.
In line with the financial challenges, the soda ash manufacturer experienced a 21.1 percent decline in revenue, totaling Rs 3,475 crore in the fourth quarter, compared to Rs 4,407 crore in the previous year. This information was disclosed in an exchange filing issued on April 29th, highlighting the need for strategic adjustments moving forward.
KEY LEVELS:
ENTRY – Below 1095
TARGET – 1085, 1080
STOP LOSS – 1105
3) OBCL
OBCL Prediction For Tomorrow: Third Stock in our list of Best Intraday Stocks For Tomorrow is OBCL.
OBCL traded so well today and touched upper circuit of 20%. It is closed at 61.95rs. 52 weeks range is from 45 to 79.40.
KEY LEVELS:
ENTRY – 65-67
TARGET – 2rs Above than entry rate, 4rs above than entry rate.
STOP LOSS – 2rs below than entry rate.
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