Big movers on D-Street: What should investors do with Paytm, IndiGo and Varun Beverages?
Sensex and Nifty tumbled on Thursday amid a sharp fall in Adani group stocks after billionaire industrialist Gautam Adani was charged in the US for alleged bribery and fraud.
Stocks that were in focus include names like Paytm, which rose nearly 3.65% and IndiGo, which gained marginally by 0.55% and Varun Beverages, whose shares fell nearly 1% on Thursday.
Here's what Riyank arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.
Paytm
Paytm demonstrates a positive overall trend, with the stock trading above key resistance levels, indicating strength in its technical structure. Support is positioned at Rs 750, while resistance is at Rs 1000.
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