Weekend Stats - 8 Oct'23
Hello All,
The new week is to start , and here are your in-depth stats on the Indian stock markets. What stories did the numbers tell us this week? Let's find out. In case you are new here, the about page for our Newsletter is here and the last week’s newsletter is here!
How have the indices panned out this week?
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1184 - BSE Enhanced Value Index
1186 - BSE Momentum Index
1180 - BSE 250Smallcap Index
Top 5 Indices this Week & this Month
Stocks Touching 10 year high !
Highest Volume Stocks with Good fundamentals :
These are stocks with their End of day BSE+NSE delivery volume trading 2 times of Avg Month NSE+BSE Delivery volume. This indicates
a surge in investor interest or trading activity.
increased volatility (Opportunity for Short term).
While higher trading volumes can present opportunities, they also carry risks, especially if the trading is driven by speculative or short-term factors which a normal retailer might not know.
Improved liquidity.
It's important to note that while increased delivery volume can be a sign of significant market interest, it does not guarantee that the stock will perform well in the future.
Traders and investors should consider various other factors, such as company fundamentals, market conditions, and their own investment objectives, before making decisions based solely on trading volume data.
Additionally, past performance is not indicative of future results, so thorough research and risk management are essential in any investment strategy.
These are not recommendations to buy and sell !!
Stocks At 52 Week High
All time high Stocks are important to track and how they have historically provided returns is shown below.
I have taken a decent period of 5 years to backtest this and compared the returns with Nifty500 Benchmark.
Stocks with estimated High Bullishness from Analysts
Sum of strong Buy and buy calls from analysts, so HDFC Bank has 36 ‘BUY’ calls while IndusInd Bank has 35 ‘BUY’ calls.
Leaders with Current Price below 200Day EMA
(Excluding Volatile stocks)
Near 52 Week Low
Stock touched 3 year low
National Peroxide
Top Weekly losers
Stocks with estimated High Bearishness from Analysts
Sum of strong sell and sell calls from analysts, so Lupin has 17 ‘SELL’ calls while Shree Cements has 15
‘SELL’ calls.
5 Interesting Stocks
PRICOL
DLF
Mphasis (Weekly)
PCBL Ltd
ECLERX SERVICES
Thanks for reading till now. I hope these 5-7 mins have added some value in your analysis.
There is a lot more to come, and I look forward ahead.
Will catch up next weekend !
Thanks,
Curious Investor