Nifty surged nearly 9% since March 2023 on the back of positive global cues, strong FIIs inflow, low inflation and lower raw material prices. Meanwhile, MarketSmith has a positive view on some stocks that it believes are near the buy point. According to MarketSmith data, these stocks include Ashok Leyland, MRF and Wendt India. Here is a list of 5 stocks that are near the buy point, as listed on MarketSmith:
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20