Are you looking for best Intraday Stocks For 29 April 2024? Alright, Let’s discuss about Havells India and 2 other Best Stock For Intraday Today, Which can give good return in Intraday.
Before discussing about intraday stocks let’s take a look at SGX NIFTY.
SGX NIFTY
The Gift Nifty, though a new name, reflects the performance of the well-established Nifty 50 index. Here’s a breakdown of its recent performance:
Today (April 28th, 2024): Indian markets are closed on Sundays. However, based on Friday’s closing, the Gift Nifty is likely to open slightly positive. It was closed at 22,638 up 48 points.
Best Stock For Intraday Today: 29 April 2024
1) Havells India
Havells India Stock Prediction For Today: First Stock in our list of Best Stock For Intraday Today is Havells India.
Havells India, a leading electrical goods company, has seen its stock price climb recently. As of April 26th, 2024, it closed at ₹1,640, up over 5% for the day. This follows a strong upward trend, with gains exceeding 10% in the last month and 34% over the past year.
The company boasts a strong financial position with minimal debt and a history of consistent dividend payouts. However, the stock trades at a relatively high valuation compared to its book value.
Investors should consider both the positive momentum and healthy financials along with the high valuation before making decisions. Analyzing financial reports and expert opinions can provide a more complete picture.
KEY LEVELS:
ENTRY – Above 1653
TARGET – 1663 and 1670
STOP LOSS – 1643
Short Sell:
Below are the short sell levels of Havells India Share.
ENTRY – Below 1640
TARGET – 1630 and 1625
STOP LOSS – 1650
2) Dixon
Dixon Prediction For Today: Second Stock in our list of Best Stock For Intraday Today is Dixon.
Dixon Technologies (DIXON), a manufacturer for major electronics brands in India, has seen its stock surge recently. On April 26th, 2024, it closed at ₹8,580, up 6% for the day. This continues a positive trend, with the stock price growing over 20% in the past year.
The company benefits from the booming Indian electronics market and its strong partnerships. However, some analysts express caution due to the stock’s high valuation compared to its book value.
Investors should weigh the positive growth prospects and brand recognition against the potential downside of a premium valuation. Researching Dixon’s financial health and industry trends can help determine if the stock aligns with their investment goals.
KEY LEVELS:
ENTRY – Above 8610
TARGET – 8650 and 8680
STOP LOSS – 8570
3) Marico
Marico Prediction For Today: Third Stock in our list of Best Stock For Intraday Today is Marico.
Marico, a leading Indian consumer goods company known for brands like Parachute hair oil, has experienced mixed performance recently. As of April 26th, 2024, it closed at ₹517.85, reflecting a modest increase for the day. However, its growth over the past year has been muted.
Financially, Marico boasts a strong return on equity (ROE) and return on capital employed (ROCE), indicating efficient use of resources. It also offers a decent dividend yield. However, concerns exist regarding its slowing sales growth and rising debtor days, which could impact future cash flow.
Investors interested in Marico should consider its brand strength and financial stability alongside its recent lackluster sales growth and high valuation relative to book value. In-depth research into Marico’s future growth plans and industry trends can be crucial before investing.
KEY LEVELS:
ENTRY – Above 519
TARGET – 523 and 526
STOP LOSS – 515
Short Sell:
Below are the short sell levels of Marico Share.
ENTRY – Below 515
TARGET – 512 and 510
STOP LOSS – 518
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