Best Intraday Stocks For Today: Intraday Stocks For 26 April 2024
Are you looking for best Intraday Stocks For 26 April 2024? Alright, Let’s discuss about Coal India and 2 other best intraday stocks For Today
1) COAL INDIA
First Stock in our list of Intraday Stocks For 26 April 2024 is Coal India.
Coal India Prediction For Today
Coal India, the world’s largest coal producer, is a dominant force in the Indian stock market. As of today, April 25th, 2024, it was closed at ₹452.45, up over 1.93% from its opening price. This follows a year of modest growth, with a return of around 5.7%.
Coal India offers attractive dividends, currently yielding around 5.5%, making it appealing to income investors. However, its price-to-earnings ratio (P/E) sits at around 9.25, which is lower than the market average, potentially indicating the stock may be undervalued.
Investors should consider Coal India’s future prospects. While coal remains a vital resource for India’s energy needs, the push for renewable energy sources could limit future growth. Careful analysis of both coal demand and government policy is crucial before investing in Coal India.
Key Levels
ENTRY – Above 454
TARGET – 457 and 460
STOP LOSS – 451
Short Sell:
Below are the short sell levels of Coal India Share.
ENTRY – Below 451
TARGET – 449 and 447
STOP LOSS – 453
2) JINDAL STEEL
Second Stock in our list of Intraday Stocks For 26 April 2024 is Jindal Steel.
Jindal Steel Prediction For Today
Jindal Steel & Power Ltd (JSPL), a major player in the Indian steel industry, has seen a strong year in the stock market. As of April 25th, 2024, JSPL closed at ₹942.25, reflecting a nearly 60% increase in the past year. This upswing is likely due to a combination of factors, including rising steel prices and growing domestic demand.
JSPL’s recent performance is impressive, even surpassing the broader market growth. However, some analysts caution that the stock’s price-to-earnings ratio (P/E) of around 17.48 is nearing the industry average. This could indicate that future growth might be priced in already.
Investors looking at JSPL should consider both the positive momentum and potential for continued steel demand. Staying informed about global steel prices and infrastructure projects in India can help determine if JSPL’s strong performance is sustainable.
Key Levels
KEY LEVELS:
ENTRY – Above 945.50
TARGET – 950 and 955
STOP LOSS – 941
Short Sell:
Below are the short sell levels of Jindal Steel Share.
ENTRY – Below 940
TARGET – 937 and 935
STOP LOSS – 943
3) ITC
Third Stock in our list of Intraday Stocks For 26 April 2024 is ITC.
ITC Prediction For Today
ITC, a FMCG giant with a presence in cigarettes, packaged goods, and hospitality, offers a stable yet complex picture for stock market investors. As of April 25th, 2024, ITC closed at ₹437.55, reflecting a moderate increase for the year. While this consistency appeals to long-term investors, it might not excite those seeking high growth.
ITC boasts a strong dividend yield, currently hovering around 4.8%, making it a reliable income source. Additionally, its price-to-earnings ratio (P/E) sits at a relatively low 26.12, potentially indicating some undervaluation.
However, ITC faces challenges. The tobacco business, its core source of revenue, is under pressure due to regulations and health concerns. The company’s expansion into FMCG shows promise, but competition is fierce. Investors should weigh ITC’s stable dividend and potential for FMCG growth against the headwinds in its tobacco segment before making a decision.
Key Levels
ENTRY – Above 438.50
TARGET – 442 and 445
STOP LOSS – 434
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