Cabinet committee on Economic Affairs (CCEA) has approved to increase the minimum support price of milling copra for the 2017 season by Rs 550 per quintal to Rs 6,500. This is second rise after RS 400 per quintal rise in Jan, 2017. This development could put Marico under pressure. Expect downside in this stock
Escorts has seen surge in domestic and overseas sales of its tractors. Stocks has been outperforming the index over the last month, and now has been included in f&o. Expect a positive rally in this stock
With crude oil trading at 4 months low, companies depending on crude and derivatives as an raw material is set to be benefitted. Spice jet could see some positive momentum considering the oil price benefit and Centre’s likely release of regional connectivity policy in coming days. Yesterday stock didnot perform, as markets were under tremendous pressure. Expect a rally today on upside
