Big movers on D-Street: What should investors do with HDFC AMC, HCL Tech and Sterling and Wilson?
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Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday shares amid a firm trend in global markets. Stocks that were in focus include names like HDFC AMC, which gained 1.7%, HCL Tech, which jumped 1.2%, and Sterling and Wilson, whose shares rose 5% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. HDFC AMC After making double bottom around 1500 in Mar 2023, price has given a sharp upside move to make an all time high of 4546. Price has given almost 203% returned from its lower level as buyers were having the upper hand over bears. In the last 25-30 days price has moved in range of 4100-4550 and in the current week with high volume price has breached the Consolidation Phase and moving above that level we can see further upside from here. For the long term stock looks go...