Stocks To Watch Wednesday : Tata Steel, HAL,ola electric, Infosys & Suzlon From keep an eye on the shares of these companies

Tata Steel Share Watch

Tata Steel Company's shares are witnessing a strong rally. In the last five years, the company's shares have given 312 percent return to its investors. Tata Steel's stock has climbed 29 percent in the last one year and 32 percent in two years (NSE: TataSteel). In the last one month, the share price of Tata Steel Company has fallen by 10.48 percent. In the last three months, this stock has climbed 9.86 percent..

This stock has a beta of 1.4, which represents high volatility. Tata Steel has a total market capitalization of Rs 1.86 lakh crore. Many experts and investment advisors have expressed positive sentiments regarding Tata Steel shares. Antique broking firm Tata Steel has announced a target price of Rs 180. According to experts, the year 2023-24 can be positive for the Indian steel sector. Axis Securities firm has announced a target price of Rs 175 on Tata Steel shares with HOLD rating.

HAL Share Watch

There is good news for government defense company Hindustan Aeronautics Limited. HAL may get two big orders. The total value of these orders is Rs 60,000 crore. The defense company is also likely to get orders from the Ministry of Defense. In the last two years, defense stocks have given investors a return of 315 percent.

According to reports, defense sector PSU Hindustan Aeronautics Limited is ahead in the race for big orders of fighter aircraft. The government defense company is likely to get an order of jet engines worth Rs 21,000 crore from the Ministry of Defense. The company is expected to get orders for 230 jet engines for Su 30MKI fighter jets in the coming years. Sukhoi 30MKI has 950 jets in its fleet, the rest of the jets are also equipped with indigenous engines. The stock was trading 0.03% higher at Rs 4,738 on Wednesday

In addition, the Defense Ministry will revamp the fleet of Su-30MKI fighter jets. There are plans to upgrade with new avionics, radar and electronic wiring systems. The total deal size of the upgrade could be Rs 60,000 crore. According to media reports, HAL is the front-runner to win this order. Orders will be placed under a licensing agreement. HAL has produced 517 such engines so far.

Hindustan Aeronautics reported a 77% increase in profit and over 11% increase in revenue in the April-June quarter. The consolidated profit of the company rose from Rs 814 crore to Rs 1,440 crore. It was estimated at Rs 954 crore. Also, consolidated income rose from Rs 3,915 crore to Rs 4,348 crore. This was estimated at Rs 4416 crore. The profitability of operations has also increased. It has increased from Rs 877 crore to Rs 991 crore on a year-on-year basis. It was estimated to be Rs 1,076 crore. The profit margin of the company increased from 22.4 per cent to 22.8 per cent.

ola electric watch

The shares reached the upper circuit for the third consecutive day. The upper circuit was 20-20 per cent in the last two days. The price at which the stock is now priced is almost double the IPO price. The stock was issued to IPO investors at a price of Rs 76 and is currently priced at Rs 146.03 on BSE. The company's market cap is Rs 64,411.35 crore. On Wednesday (August 21, 2024), the stock was trading at Rs 138 with a decline of 0.15%.

Ola Electric's stock has climbed 92 per cent in the last six days. At the time of IPO, the company's share price was Rs 76. On August 19, the company's shares touched a high of Rs 146.03. The company's stock has climbed 92 per cent in six days against the IPO price of Rs 76. Ola Electric's IPO was opened on August 2, 2024. The IPO was open till August 6. The IPO was subscribed a total of 4.45 times. The quota for retail investors was subscribed 4.05 times.

Infosys Share Watch 

Infosys shares closed 0.26 per cent higher at Rs 1,864.10 on Monday. On a YTD basis, the company's shares have generated a return of over 20.17% to its investors. The company's shares have fallen 2.04 per cent from an all-time high of Rs 1,903 hit on July 29, 2024. The company has reported a 7.1 per cent year-on-year rise in profit in the June quarter.

According to Wealthmill Securities firm, Infosys stock has formed strong support at Rs 1,830-1,750 on the technical chart. The stock is facing strong resistance at Rs 1,880-1,900. For the stock to rally, the stock needs to offer a breakout at Rs. 1,900 price. According to experts of Angel One firm, Infosys stock has increased from Rs 1,400 to Rs 1,900 in the last few months.

According to experts of Anand Rathi Shares and Stockbrokers firm, Infosys stock has found strong support at Rs 1,830 price. The stock is facing stiff resistance at Rs 1,880. If the stock gives a breakout at Rs 1,880, the stock can go up to Rs 1,900. Infosys stock is trading above its SMA levels of 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day. The RSI of this stock is trading at 65.50. This means that the stock is trading in the oversold or overbought zone. The P/E ratio of Infosys stock is 28.62. The stock also has a P/B value of 9.53. The EPS of this stock stands at 65.14 with a ROE of 33.32.

Suzlon Share Watch

Suzlon Energy Company shares are trading with gains. The company's shares are trading under slight selling pressure. In the last one year, the company's shares have given more than 300 percent return to its investors. On August 13, Suzlon Energy Share Price stock was trading at a 52-week high of Rs 84.40.

On Monday, Suzlon Energy shares closed 3.15 percent higher at Rs 82.45. The total market capitalization of the company was Rs 1.11 lakh crore. Suzlon Energy stock is trading 1.93% lower at Rs 79.15 on Tuesday, August 20, 2024. Suzlon Energy Stock (NSE: Suzlon) Relative Strength Index, or RSI, was at 72.8. This means that the stock is currently trading in the overbought zone. On Wednesday (August 21, 2024), the stock was trading 0.16% higher at Rs 79.6

In the last one year, the company's shares have returned 313 per cent to its investors. Suzlon Energy's stock has gained 1,376 per cent in the last three years. Suzlon Energy shares have a beta of 0.8, which indicates low volatility in one year. According to experts at Sanctum Wealth's derivatives firm, Suzlon Energy's stock can go up to Rs 94-102 in the next few months. The stock is currently facing strong resistance at Rs 80-82.

Read This Also : 

 Today latest Share Update : A construction company got a big order in Gujarat, stock rose