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Equitymaster delivers independent, unbiased research on the Indian stock market. Trusted by investors since 1996, we help you build long-term wealth with honest, actionable insights — straight to your phone. https://www.equitymaster.com
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5 Smallcap Stocks Near 52-Week Highs That Still Look Undervalued

Despite scaling a new peak, these small-cap stocks remain undervalued and are in a sweet spot. Continue reading to know more about them…

5 Undervalued Smallcaps

Here’s an extract…

Indian benchmark index BSE Sensex has crossed the 63,000-mark for the first time in 2023.

And it's not just the benchmark indices that are rising. The broader market of midcap and smallcaps are also doing well. In fact, they are outperforming largecaps.

Last week, we wrote about 5 stocks near 52-week high that still look undervalued.

In this article, let’s look at smallcaps.

http://www.eqtm.in/Bq56A
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𝗦𝘂𝘇𝗹𝗼𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝗵𝗮𝗿𝗲 𝗣𝗿𝗶𝗰𝗲: 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝗦𝘂𝗴𝗴𝗲𝘀𝘁𝘀 𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗧𝗿𝗲𝗻𝗱

Does the recent technical breakout in Suzlon suggest this could be a new beginning for the wind energy player? Read on…

𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝗶𝗻 𝗦𝘂𝘇𝗹𝗼𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘁𝗼𝗰𝗸

Here’s an extract…

The stock price is currently trading at its 52-week high, indicating strong price momentum and investor interest.

Moreover, the recent technical breakout from a long-standing resistance level further reinforces the notion this could be a new beginning for the stock.

The breakout suggests the stock has managed to overcome significant selling pressure and has entered a potentially bullish phase.

This development has attracted attention from traders and investors, who see it as a signal of a possible upward trend in the stock's price.

http://www.eqtm.in/Fy97H
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Stock Market Update - Sensex Today Ends Lower | IEX Tanks 9% | Sun Pharma & Kotak Mahindra Bank Top Losers

Indian share markets end lower. The BSE Sensex ended 294 points lower while the Nifty fell 91 points.

http://www.eqtm.in/Hz29K
Top 5 EV Stocks Which Pay Good Dividends

Looking for EV stocks that offer big dividends? Check out these top 5.

Dividend Paying EV Stocks

Here’s an extract…

EV stocks have been among the best-performing stocks worldwide in the past year.

But what makes an EV stock even more interesting is if it pays big dividends.

Not only do investors get the option to benefit from the potential growth, they also have the opportunity to receive regular income through dividend payments.

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What Lies Ahead For This IKEA Supplier

Find out why this home improvement stock could be an indirect play on the global housing market.

http://www.eqtm.in/a4B5N
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Forwarded from Fast Profits Daily
The short covering in IT stocks led to a gain of over a percent, causing Nasdaq to close higher, while Dow Jones closure above 33,800 indicates a breakout of a bullish pattern on the P&F chart. However, the major obstacle for DJIA lies at 34,034.

Indian markets experienced selling pressure in the second half on the weekly expiry day. Only three sectorial indices, Energy, Metals, and PSe, managed to end marginally in the green, while the major indices closed in the red.
Is this the sign of a market top?

Nifty formed a bearish Engulfing pattern at the top, signaling a potential reversal ahead; confirmation would be established if the index falls below the 18580-18600 zone.

BankNifty faced rejection once again around the 44400 level, indicating a sign of distribution in the market. Long traders should exercise caution in their positions.

#SGXNifty
#PreMarket
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Stock Market Update - SGX Nifty Up 33 Points | Zomato Hits 52-Week High | SpiceJet Partners FTAI Aviation | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

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Stock Market Update - Sensex Today Trades Flat | Bank of Maharashtra Slips 6% | Tata Steel & Infosys Top Losers

Indian share markets are trading on a flat note with the Sensex trading 28 points lower, while the Nifty is trading lower by 3 points.

http://www.eqtm.in/Rg48C
Pick and Shovel Stocks in the AI Megatrend

Making presentations, doing surgeries, driving cars…there is an AI for everything these days. So how can you profit from it?

Top AI Stocks

Here’s an extract…

Machines are not only replacing humans, but outperforming them, even at something as intricate and critical as human surgeries or driving cars.

In the battle of man versus machine, the latter is taking huge lead every day. The ‘man’ seems to stand no chance.

Indeed, the scope of AI is not just limited to tech companies but also pervades into supply chains, manufacturing, auto, advertising and so on.

I believe AI is a huge megatrend in the stock market with a few multibaggers in the making.

Read on to know more…

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Bulk Deal Alert: Ashish Kacholia Trims Stake in this Underperforming Smallcap Stock that Hit 52-Week Low

In the past one year, shares of this company have fallen by 58%. On a year-to-date basis, shares are down 27%.

Ashish Kacholia Sells Stake

Here’s an extract…

Ashish Kacholia is known for identifying the best multibagger stocks. He is known as the ‘Big Whale’ of the Indian stock market.

Over the years, he has picked the best multibagger stocks by looking at the fastest-growing companies from the midcap and smallcap space.

The ace investor sold a partial stake in United Drilling Tools, a smallcap company with a marketcap of Rs 3.9 billion (bn), via a bulk deal yesterday.

Read on to know more…

http://www.eqtm.in/Ta6q4
Why IEX Share Price is Falling

Will a new entrant in the power exchange sector end IEX’s monopoly? And how will it impact IEX’s growth? Read on to find out.

http://www.eqtm.in/Yk5p7
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Stock Market Update -Sensex Today Ends Lower | Here MotoCorp Falls 2% | Tata Steel & SBI Top Losers

Indian share markets end lower. The BSE Sensex ended 223 points lower while the Nifty fell 71 points.

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HMA Agro Industries IPO: 5 Things to Know

All you need to know about the upcoming IPO of HMA Agro Industries.

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Forwarded from Fast Profits Daily
🚨 Important Update on S&P500 🚨

The S&P500 is currently on the verge of a potential technical breakout at the critical level of 4335. However, consider the RSI (Relative Strength Index) before getting too excited. 🧐

The RSI is a popular momentum indicator. In the above chart, the RSI is not supporting the breakout at 4335, suggesting a potential lack of bullish momentum. 📉

The S&P500's price action is indicating a potential upward move, it's crucial to remain cautious and not solely rely on price levels.

Considering the divergence with the RSI, it might be prudent to wait for confirmation or additional signals before making any significant trading decisions. 🕵️‍♂️

🔎 Stay cautious on longs and monitor the price action closely.

Happy Weekend!
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Top 5 Electronics Manufacturing Stocks to Add to Your Watchlist

These electronics manufacturing companies are all set to make the most of the long-term megatrend playing out in India. Do you own any?

Top Electronics Manufacturing Stocks

Here’s an extract…

A paradigm shift in electronics manufacturing in other countries like China, Japan, and Mexico makes India one of the most lucrative manufacturing markets.

It’s safe to say there may be an electronics revolution in India very soon.

Let’s take a look at the 5 companies that may dominate the space…

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Zomato Finds Itself in an Enviable Position as Stock Surpasses IPO Price. What Next?

Zomato shares soar to 1-year high, exceeding IPO price. Continue reading to find out about its growth prospects and more.

Zomato Stock Rises

Here’s an extract…

Some tech stocks are performing well and making the most of this bullish market environment.

The share price of Zomato has rallied hard off the bottom of Rs 40 per share price.

The stock is now retesting its IPO price of Rs 76 per share.

Let’s find out what’s behind the sudden optimism and what lies ahead for the company.

http://www.eqtm.in/Fg9i6
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AI is Here. Will it Kill the Small Investor?

Is AI going to eat the lunch of the average retail investor?

http://www.eqtm.in/e8TJf
Forwarded from Fast Profits Daily
The Dow Jones index gained 0.34% last week, following a 2% gain in the prior week.
SPX experienced a price breakout, although the RSI signals indicate a lack of strength. Chart here

Nikkei started the week with gains of 0.65%, while SGX Nifty trading 70 points higher indicates a gap-up opening.

Midcap and Smallcap stocks are exhibiting bullish momentum, suggesting that traders should focus on them this week.

The Nifty50 stocks, on the other hand, are showing a mixed trend, indicating potential resistance at 18800. However, if the index breaks below 18456, it would confirm a reversal.

Banknifty Futures are facing difficulty in surpassing the 44500 levels, and a breach of 43879 would indicate the establishment of a short-term top.

#SGXNifty
#PreMarket
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Stock Market Update - SGX Nifty Up 74 Points | Upcoming SME IPO | FIIs & DIIs Turn Net Buyers | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

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Forwarded from Fast Profits Daily