Indian stock markets are expected to open higher on Wednesday as global tensions ease. Several midcap and public actress stocks are closely tracked today due to their recent price momentum and improving outlook. Stocks and focus include Delhivery, Vishal Mega Mart, LT Foods, Minda Corp, HINDPETRO, and NMDC.
Delhivery
Delhivery trading around Rs. 377 with the analyst, expecting it to move up to Rs. 405. Improving e-commerce activities helps support the stock. Stoploss is advised at Rs. 363 to limit risk.
Vishal Mega Mart
Vishal Mega Mart is currently near Rs. 133 after recovering from a recent dip. The stock may move up to Rs. 145. Analysts suggest a stop loss at Rs. 128
LT foods
LT Foods is showing strength near Rs. 442. With steady demand for packaged food products, the stock may move towards Rs. 477.
Minda Corporation Ltd
Minda Corporation recently jumped from Rs. 510 to Rs. 585. It is not taking a pause and staying near its average price level. Experts believe the stock may head back toward Rs. 550 soon.
Hindustan Petroleum Corporation
Hind Petroleum corporation is drawing attention after better-than-expected result and higher profit estimates. Its low price compared to earnings makes it attractive to investors looking for a value.
NMDC Ltd
NMDC is backed by strong financials and steady iron ore production. Although the stock is moving slowly, analysts believe it is a good option for long-term investors.
