Big movers on D-Street: What should investors do with GMR Airports, IREDA and Suzlon Energy
Benchmark Sensex climbed nearly 362 points while Nifty ended above 25,000 level higher on Tuesday, marking their second straight day of gains following a rebound in the US markets.
Stocks that were in focus include names like GMR Airports, which rose 1.96%, IREDA, which gained 5.3%, and Suzlon Energy, whose shares jumped nearly 5% on Tuesday.
Here's what Viral Chheda, Sr Technical Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.
GMR Airport
After making low around 70 and taking support of 200 DMA in June 2024, price has witnessed a sharp upside move to make an all time high of 104 odd levels. Price has given almost 50% returned from its lower level as buyers were having the upper hand over bears. After making high in July, price is currently trading in the broader range of 88-104 odd levels.
In the last 2-3 days after taking support at lower level, stock has given some pull back and looks like it will continue its upward trend and can breach the nearby resistance of 96 odd levels to test the all-time high level.
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