3 Interesting stocks for this April

There is an interesting tussle going on between BSE and NSE. While NSE is the market leader BSE is trying some tricks to attract volume. 

BSE is aggressively marketing its BSE Bankex index and it recently reduced the lot size of its banking index to 15 instead of the existing 2o to attract retailers. 

BSE has also shifted the expiry day for monthly, weekly and long-dated futures and options contracts to Friday from Thursday. Nifty and Bank Nifty contracts, however, expire on Thursday. 

However to retaliate BSE, NSE has also reduced the Nifty Bank lot size to 25 from 40 effective from July contract. 

Can BSE get some business now? We have to check it after some time. 

With effect from this Monday, the government has also hiked securities transaction tax (STT) by 25% each in both futures and options.

The month of April will answer all the queries.

We can always trade in ETF to pay less. There is no STT charged for Liquid BeES/Liquid ETFs, GOLD ETF and some international ETF. Yet investors don’t use it to their advantage. In fact you don’t need a lot of knowledge to invest and profit from gold ETF. Time to time we also discuss about Gold yet none take advantage of the opportunity. Maybe I should stop discussing about it from now onwards.

Three stocks are interestingly poised for short term.

1 VA Tech Wabag: With news of winning ₹4,400-crore order from Chennai Metro Water to build desalination plant, it’s interestingly poised. It’s the biggest order for the company but the stock is still struggling below it’s key resistance point of ₹370+. The stock has made a gap on Friday and it has to be checked if the momentum continues. 

2. Rail Vikas Nigam: the company has won several orders in the recent past. The company received a letter of award from the Ministry of Railways for manufacturing and maintaining Vande Bharat train-sets. The contract is for about 24000 crore. 

Earlier the Railway Ministry had announced that a consortium of Russia's CJSC Transmashholding and Indian PSU Rail Vikas Nigam was the lowest bidder for a Rs 58,000-crore contract. Let’s see if the momentum continues for this stock.

3. Bank of Baroda: the PSU bank has withstood the pressure of bear attack in the recent weeks. While most of the PSU banking stocks corrected significantly during the meltdown, BoB stood like a rock and bounced back to ₹170. It’s very close to its all time high and may do well in case of bull run in bank index. 

Please consult your advisor before deploying any money.  Some of them are risky bets and should be strictly carried with stop losses. They are short term bets and can go wrong in case of bear attacks. 

We just have 3 working days in this week and it can be a volatile week.