Wednesday, December 20, 2023

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Stock Selection List from 20-Dec-23


The daily list is good for finding stocks that have just started rising and so there is room for more rise in the immediate future. They can also give second chance to exit if market is not in good shape. As proven time and again, these also help finding stocks early on before they take off. Some examples of that are Justdial (120%), Somanycera (200%), Adanigas (350%), CGCL (150%), Saregama (300%), Prajind (300%), etc.

This day's primary list:
company symbol  today's close price  % rise today  avg volume  avg. turnover in cr.
ABSLAMC 472.7 0.8 118548 5.6
CAPTRUST 113.2 15.4 43249 0.49
GUJAPOLLO 233 7.3 12979 0.3
HATSUN 1123.7 4.2 24391 2.74
HINDOILEXP 174.6 3.6 1544481 26.97
MEP 15.4 19.9 1056310 1.63
ONGC 203.2 1.4 11538410 234.46
RHIM 765.6 0.8 198770 15.22
TBZ 128.8 3 574868 7.4
VIJAYA 674.5 7.3 371000 25.02
WSTCSTPAPR 724.5 2 301657 21.86

Only those with average turnover > 2cr:
company symbol  today's close price  % rise today  avg volume  avg. turnover in cr.
ABSLAMC 472.7 0.8 118548 5.6
HATSUN 1123.7 4.2 24391 2.74
HINDOILEXP 174.6 3.6 1544481 26.97
ONGC 203.2 1.4 11538410 234.46
RHIM 765.6 0.8 198770 15.22
TBZ 128.8 3 574868 7.4
VIJAYA 674.5 7.3 371000 25.02
WSTCSTPAPR 724.5 2 301657 21.86

Read the disclaimer before making any investment/trading decisions.

Note:
The markets fell badly today especially the mid and small caps. This is third time in this financial year like the september and october bad fall days. This is affecting the yields of short term trading. Moreover broad market didn't gain as much as the mid/small cap index. So there is lot of lag. That might also mean less profit booking in stocks outside the indices. If there isn't much rally there isn't much to book profits.

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