Are you looking for Best Stocks For Intraday Trading Tomorrow? Alright, Let’s discuss about Alkem Lab and 2 other intraday stocks.
3 Best Stocks For Intraday Trading Tomorrow
1) Alkem Lab
Alkem Lab share Prediction For Tomorrow: The First Stock in our list of Best Stocks For Intraday Trading Tomorrow is Alkem Lab.
Alkem Laboratories, or Alkem Labs as it’s commonly referred to, is a prominent player in the Indian pharmaceutical industry. Here’s a quick snapshot of its stock:
Market Position: Alkem Labs holds the fifth spot in the domestic formulation market, capturing around 3.9% share (as of March 2022). They excel in acute therapies, particularly anti-infectives, gastrointestinal drugs, pain management solutions, and vitamins/minerals.
Current Performance (as of May 6, 2024): The stock closed at ₹5148.95, reflecting a rise of 4.99% from the opening price. The day’s range has been ₹4880.00 – ₹5158.00.
Financials: Alkem Labs boasts a healthy market capitalization of over ₹61,621 Cr. They’ve been successful in reducing debt and consistently maintain a good dividend payout ratio (around 36%).
Here’s a quick summary:
Company: Alkem Lab
Current Price: ₹5148.95 (as of May 6th, 2024)
Market Cap: ₹61,563 crore
Recent Performance: Up 48.56% in one year
Segment: Pharma & Drugs
KEY LEVELS:
Below are the short sell levels of Alkem Lab Share.
ENTRY – BELOW 5130
TARGET – 5110
STOP LOSS – 5150
2) GUJGASLTD
GUJGASLTD share Prediction For Tomorrow: The Second Stock in our list of Best Stocks For Intraday Trading Tomorrow is GUJGASLTD.
GUJGASLTD, the ticker symbol for Gujarat Gas Limited, is a major natural gas distribution company in India. Here’s a quick analysis of its stock:
Market Presence: Gujarat Gas dominates the gas distribution space in Gujarat, holding over 85% market share. They cater to residential, industrial, and commercial sectors.
Current Performance (as of May 6, 2024): As of now, GUJGASLTD is closed at ₹548.20, up 2.30% from the opening price. The day’s range has been ₹532.65 – ₹561.80.
Financials: The company boasts a substantial market capitalization of over ₹377,375 Cr. With a healthy EPS (Earnings Per Share) ratio, they’ve shown consistent profitability.
Here’s a quick summary:
Company: GUJGASLTD
Current Price: ₹548.20 (as of May 6, 2024)
Market Cap: ₹37,737 crore
Segment: Gas Distribution
Recent Performance: 18.99% Up in one year.
KEY LEVELS:
Below are the short sell levels of GUJGASLTD Share.
ENTRY – BELOW 546
TARGET – 543 and 540
STOP LOSS – 549
3) ESSAR SHIPPING
ESSAR SHIPPING share Prediction For Tomorrow: Third Stock in our list of Best Stocks For Intraday Trading Tomorrow is ESSAR SHIPPING.
Essar Shipping (ESSARSHPNG) is an Indian company engaged in maritime transportation. Here’s a glimpse into its recent performance and what investors might consider:
Turnaround Story: Essar Shipping has witnessed a significant turnaround. After facing financial difficulties, the company has seen its stock surge over 256% in the past year (as of May 6, 2024). Currently, it’s closed at ₹30.50, reflecting a 9.91% increase from the day’s opening price.
Here’s a quick summary:
Company: ESSAR SHIPPING
Current Price: ₹30.50 (as of May 6, 2024)
Market Cap: ₹631 crore
Industry: Shipping
KEY LEVELS:
ENTRY – Above 31.50
TARGET – 32.50, 33
STOP LOSS – 30.50
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