InvestorQ : On the occasion of the birth of Lord Krishna, can you give me some good trading tips and profit making ideas for 12 August 2020?
Arusha Ray made post

On the occasion of the birth of Lord Krishna, can you give me some good trading tips and profit making ideas for 12 August 2020?

Answer
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diksha shah answered.
2 months ago


Firstly, Happy Janmashtmi and hope this festival brings good market trades for you. Markets on Tuesday were led by metal stocks on robust Chinese demand hopes. IIP number was still negative but momentum is positive and that is good. Here are some tips to trade.

· FMCG is really happen as stated in the recent Kantar report. Traders can buy ADF Foods at Rs.385 for targets of Rs.450 on reasonable valuations and sectoral macro growth

· Buy Spencer Retail at Rs.86 for targets of Rs.125 in one quarter. It is a good play on the revival in the retail segment in India. Recent rights issue has also been successful.

· I reiterate my call on Kirloskar Oil Engines at Rs.107 for upside targets of Rs.145 in one quarter time frame. It remains a solid stock to play the rural growth theme.

Watch out for the inflation data on Wednesday. Higher inflation data would mean reduced chances of a rate cut by the RBI.