Skip to content

Invest & Trade Smarter with Fisdom App

Get a FREE Fisdom account for Stocks, Mutual Funds & more, all in one place

Download Fisdom app

Weekly Picks 15th April 2024

Written by - Fisdom Research

April 13, 2024 6 minutes

1. MANGALAM CEMENT LTP 838

CounterMANGALAM CEMENT LTP 838
CallBuy on dip
Target 1900
Target 2950
Stop Loss765
Time Horizon2-3 weeks
Notes50% Buy on dip near 825

Mangalam Cement Ltd, based in India, specializes in cement production and distribution, primarily serving the North Indian market. Under the brand name Birla Uttam Cement, the company provides a diverse range of high-quality products such as Portland Pozzolana Cement, 43 Grade Cement, and 53 Grade Cement.

Previous Close812.75TTM EPS21.11
52 Week High848.00TTM PE39.73
52 Week Low261.50P/B3.05
Sector PE58.06Mkt Cap (Rs. Cr.)2,305
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

C:\Users\rpatil\Desktop\1-Mangalam Cement Ltd.jpeg

(Source: Fisdom research)

  • MANGALAM CEMENT gave a technical “triangle” pattern break-out on the higher-end and prices sustained above the breakout levels on the weekly chart.
  • The counter on the weekly chart has witnessed a breakout after four months of consolidation with above-average volumes.
  • The counter is trading above its 21, 50, and 100 Exponential moving averages on the weekly chart confirming its overall performance. 
  • The momentum oscillator RSI (14) has given a falling wedge pattern breakout above 60 levels with a bullish crossover on the weekly chart. The MACD indicator is reading above its line of polarity on the weekly scale.
Invest Now

2. ABCAPITAL LTP 202

CounterABCAPITAL LTP 202
CallBuy on dip
Target 1212
Target 2222
Stop Loss188
Time Horizon2-3 weeks
Notes50% Buy on dip near 198

Aditya Birla Capital Ltd operates as a comprehensive financial service provider, offering a spectrum of products such as Non-Bank Financial Services, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance, and other financial services. Primarily focused on the Indian market, the company garners a significant portion of its revenue from operations within the country.

Previous Close202.90TTM EPS10.38
52 Week High208.70TTM PE19.51
52 Week Low155.00P/B2.58
Sector PE33.21Mkt Cap (Rs. Cr.)52,673
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

C:\Users\rpatil\Desktop\1-Aditya Birla Capital Limi.jpeg

 (Source: Fisdom research)

  • ABCAPITAL gave a technical “rectangle” pattern break-out on the higher-end and prices sustained above the breakout levels on the weekly chart.
  • The counter on the weekly chart has witnessed a breakout after nine months of consolidation with above-average volumes.
  • The counter is trading above its 21, 50, and 100 Exponential moving averages on the weekly chart confirming its overall performance. 
  • The momentum oscillator RSI (14) has given a trend line breakout above 60 levels with a bullish crossover on the weekly chart. The MACD indicator is reading above its line of polarity on the weekly scale.
Invest Now

Disclaimer: This document is not intended for anyone other than the recipient. The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. If you have received the publication in error please notify the sender immediately. If you are not the named addressee, you should not disseminate, distribute or copy this document. You are hereby notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. This document has no contractual value and is not and should not be construed as advice or as an offer or the solicitation of an offer or a recommendation to take action in consonance in any jurisdiction. Finwizard Technology Private Limited (“Fisdom”) makes no guarantee, representation or warranty and accepts no responsibility or liability for the accuracy or completeness of the information and/or opinions contained in this document, including any third party information obtained from sources it believes to be reliable but which has not been independently verified. In no event will Fisdom be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your use of this document or your reliance on or use or inability to use the information contained in this document, even if you advise us of the possibility of such damages, losses or expenses. Fisdom does not undertake any obligation to issue any further publications or update the contents of this document. The information stated and/or opinion(s) expressed herein are expressed solely as general commentary for general information purposes only and do not constitute advice, solicitation or recommendation to act upon thereof. Fisdom does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information contained within this document has not been reviewed in the light of your personal circumstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions. Fisdom may have issued other similar documents that are inconsistent with and reach different conclusion from the information presented in this document. The relevant offering documents should be read for further details. You should make such researches/inspections/inquiries as it deems necessary to arrive at an independent evaluation of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks involved. Fisdom makes no representations that the offerings mentioned in this document are available to persons of any other country or are necessarily suitable for any particular person or appropriate in accordance with their local law. Among other things, this means that the disclosures set forth in this document may not conform to rules of the regulatory bodies of any other country and investment in the offer discussed will not afford the protection offered by the local regulatory regime in any other country. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. The historical performance presented in this document is not indicative of and should not be construed as being indicative of or otherwise used as a proxy for future or specific investments. The relevant product documents should be read for further details. Fisdom does not undertake any obligation to issue any further publications to you or update the contents of this document and such contents are subject to changes at anytime.

Related Articles

Download one of India's best wealth management apps

Join more than one million investors and take control of your wealth

Download app