Stocks on Dalal Street are likely to stay flat for the second day in a row as investors look for new triggers before before committing new funds to equities. However midcap stocks might continue their north bound journey as the party might extend for few more days
Healthcare and Realty stocks were among the sectors that showed some strength yesterday, while It remained subdued. We exoect metals to show some strength even in a flat market. Shipping is another space that is looking attractive and investors who want to bet on a global recovery in the coming quarters might take positions in stocks like GE Shipping and Shipping Corporation.Investors with risk appetite could look at Mercator Lines.
New listing DB Corp had a great listing yesterday. The stock, which was priced at Rs 212, ended the day at Rs 265.90, posting a gain of 25.42%. We recommend investors to book profits at Rs 274 level as the valuation will look stretched past the Rs 290 mark.Hilton Metal, Nahar Capital, Ucal Fuel and Pidilite Ind were other midcaps that were active in yesterday's trade.Traders could place their bets on stocks like Cubex Tubings, Bartronics, Jyoti Structures and Geojit Securities for quick return in the coming trading sessions