Price breaking above supply line joining the highs ofFeb & May 2023 and MACD in buy mode.

This, along with the company’s target to reduce working capital and the promoter’s assurance on pledge-closure by end of FY24, allays key investor concerns.

Hindustan Aeronautics, incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 130742.17 Crore) operating in Defence sector.

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 99626.29 Crore).

Promoters held 52.28 per cent stake in the company as of 31-Mar-2023, while FIIs owned 12.26 per cent, DIIs 7.86 per cent.

Indian Hotels Company, incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 57085.89 Crore) operating in Tourism & Hospitality sector.

Broken 3-month consolidation range on the higher side affirming a strong base formation at 470 levels.

Retest of the breakaway gap levels and bullish piercing pattern indicates end of the corrective phase.

Pricing environment has improved in the CV industry. And, the company is focusing on cost reduction initiatives to drive double-digit margins in FY24. CV upcycle is expected to continue during FY24 with an expected MHCV growth of 10%.

Avanti Feeds, incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 5272.71 Crore) operating in Aquaculture sector.

Price sustaining above 13 day EMA and close above previous intermediatehighs signaling further upward momentum in coming sessions.

Bullish momentum has resumed which suggestsbullish continuation to persist in the near term.

Trading into a rising channel pattern with a higher high and higher low indicating bullish momentum.

Breakout of the confined range of a rectangle chartformation is very likely in the near term.

Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 105295.60 Crore) operating in IT Software sector.

USFB is available at 1.3x FY25E ABV. Looking at the growth opportunities we feel that the stock is trading at attractive valuations and UFSL-the holding company (having 73.67% stake in USFB), which is trading at discount based on the swap ratio looks like a candidate for re-rating.

Hindustan Copper, incorporated in the year 1967, is a Mid Cap company (having a market cap of Rs 11212.64 Crore) operating in Metals - Non Ferrous sector.

Given the diversified business segment, the brokerage values JM using SOTP valuation andvaluing business segments individually, it arrive at a target price of Rs 95 (10.7xFY25E consolidated EPS) and assign BUY rating to the stock.

The stock has given a rounding bottom breakout.

Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1717133.17 Crore) operating in Diversified sector.