Spandana Sphoorty Share Price : The market’s focus remained on Spanda Spurti. Sushil Kedia had given a buy opinion on Spanda Spurti in the show on CNBC-Awaaz yesterday on January 7 at 10 am. From there till now this stock has lost 34%. Talking on this stock, Sushil Kedia said that this stock has proved to be a four bagger before also. It is possible that now this Rs 300 share may reach Rs 1800. He further said that for this we will wait for the signal in a day or two, maybe by the time we meet again next week, it will move ahead for 5 bagger move.
While talking about this stock, he had further said that he is keeping an eye on this stock and he is waiting for the buying signal. Right now this stock is consolidating. Due to this consolidation, this stock may fall by 15 to 20 percent. We will confirm once we receive final purchase signals. The stock has become a four bagger before. But later it declined and now it is ready to become a 5 bagger again.
If we look at the movement of the stock, this share is seen around Rs 460 on NSE at around 12 o’clock with an increase of Rs 60.95 i.e. 15.22 percent. The stock’s daily high is Rs 472 and 52 week high is Rs 1,243.20. The stock has a trading volume of 9,760,000 shares and a market cap of around Rs 3,286 crore. Today the stock opened at Rs 404. Whereas yesterday it closed at Rs 400.45. The stock has gained momentum with heavy volumes. So far, 55 lakh shares have been traded on the exchanges, which is much more than the daily average of seven lakh shares in a month.
To earn in short time in falling market, buy these four stocks, know the names and target prices of the stocks.
Shares of Spandana Spurti had closed at a circuit above 20 per cent the previous day. Apart from this, the highest trading volume till date was also seen. Yesterday, this stock saw its biggest one-day gain in 10 weeks.
This stock has gained 39.81 percent in the last one week and 19.11 percent in the last one month. At the same time, it has given negative returns of 15.69 percent in the last three months. This stock has given 39.44 percent return since January 1 this year. At the same time, it has given negative returns of 61.92 percent in the last 1 year. Whereas in the last three years it has given 15.80 percent positive returns.
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.