Stocks Forecast today

Indian equity market ended lower for a sixth time in the eight trading sessions this month.
BSE sensex lower by 61 points (down 0.2%) at 33,857 while Nifty closed up by 5 points (up 0.1%) at 10,427.
Tata Consultancy Services limited dropped heavily in Tuesday’s market after multiple block deals.
Bank of India: BOI shares have gained 7.47% at Rs.102. According to report, the bank recovered Rs.7000 crore worth stand by Letter of Credit in the last 2 months and balance amount Rs.2000 crore will be recovered in another two months.
The total recovery will substantially improve the bank’s balance sheet. So, The shares of BOI are expected to increase in Wednesday session and traders get good returns in coming days.
The PSU banks have been under severe pressure because they will have to provide for possible NPA ahead.
Due to analyst’s report, the PSU banks might report around Rs.300 crore in March quarter. So, Investors are guided not to invest money in these stocks unless they hold their shares for a long time to attain better income.
Vascon Engineers: Vascon engineers are engaged in engineering and construction services with operations in a number of states and union territories in India.
Vascon engineers value rose 1.52% on Tuesday after it has received Letter of Credit from Dream work landmarks for civil construction of core and shell works towers B1 to B7 in Godrej Green, Pune worth Rs.96.50 crore.
Their shares could maintain bullish trend in Wednesday market and they have a target price of Rs.57 for this year.

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