Intraday: The Gift Nifty is an early indicator of domestic indices. That means you can bank on it as an investor to understand how the BSE Sensex will start for the day. While it is likely that the markets will open in the positive today, with Gift Nifty signals indicating gains of more than 100 points on the Nifty, there’s more news coming in that can affect how stocks will rally, especially the one of the US Courts indicting Gautam Adani.
So, here are more updates on that and what Intraday stocks investors can consider banking on today.
Stocks to Consider
According to experts, the markets are still under pressure owing to the weak Q2 performance and the continuous selling by FPIs. However, investors can still bet on these stocks today despite these trends.
Protean eGov
Protean eGov Technologies, based in Mumbai, is selling as much as 20.31% of its stake through an offer of sale. The company has decided to set a floor price of Rs. 1,550 per share.
The digital India initiative has helped create various jobs in the IT industry, and companies like Protean eGov have leveraged these opportunities. However, that’s not the only reason to consider investing in the IT services provider’s stocks. A strong order book that helps promote a steady increase in revenue, a highly proven and experienced management team, and a scope for growth and valuation also make this stock worth considering.
However, investors should also monitor market volatility and other economic factors, such as inflation, GDP, and interest rates. Before investing, investors may also want to note company-specific risks, such as regulatory changes and those related to execution.
Afcons Infrastructure
Afcons Infrastructure has made a name for itself in the infrastructure development sector. The company’s expertise lies in urban infrastructure, highways, and marine infrastructure. In addition to robust financials, experienced teams, and the government’s push for better infrastructure development, there are reasons to bet on this stock, including strategic partnerships with the Uttarakhand Project Development and Construction Corporation and the launch of its IPO.
Established in 1959, Afcons Infrastructure is a subsidiary of the renowned Shapoorji Pallonji Group.
Hyundai Motors
Hyundai Motors is a leading global player in the automotive sector. Innovation and adaptability are driving this company to thrive. Betting on this stock makes sense not only because it is a key player in the industry but also because of its revolutionary vehicles, which are still going strong, and its increasing shift towards more eco-friendly EV and hydrogen fuel cell markets. Profits and revenue have also been growing consistently, and dividends are competitive, making the stock a strong contender.
Takeaway
According to Goldman Sachs, the markets will remain in their current range for the coming three months, with the Nifty hitting a monthly target of 24,000. While these stocks may be the best bet for investors today, other companies, owing to their recent financial performances, are worth considering, including Adani, Ola Electric, Mphasis, and LTIMindtree.
Intraday Stocks
