As we are about to enter the second half of FY23, we analysed the previous top performing stocks of the second half of the last two fiscals. To examine, we kept only those stocks that have doubled wealth in the second half of the last two fiscal years (2HFY20 and 2HFY21). Further, we picked only stocks with a market cap of Rs 500 crore and exclude companies that made losses in any of the last 2 fiscal years. Interestingly, 7 stocks have made the cut. (Data Source: ACE Equity.)
Tech View: Nifty charts throw up dark clouds. What traders should do next week
Nifty’s short-term trend seems to have reversed down after a reasonable rise from the lows. Immediate support is placed at 22,300 and the weakness below
April 26, 2024