On December 5, 2023, Osho Krishan from Angel One recommended buying shares of Paras Defence and Bank of Maharashtra. This recommendation comes as the Sensex rose by 242.54 points to 81,198.87, while the Nifty 50 increased by 72.5 points to 24,539.95. The market's positive momentum was bolstered by remarks from Jerome Powell regarding US economic growth, which enhanced investor confidence. Dr. V K Vijayakumar noted that the Dow Jones Industrial Average surpassed 35,000, indicating a bullish trend in the US market. The Nifty 50 ultimately closed around 24,470, reflecting a modest gain of 0.04%. Krishan suggested buying Paras Defence at a price range of 1,110-1,100 with a target of 1,200-1,240, while he recommended purchasing Bank of Maharashtra at 58-56 with a target of 64-66 [d5d1602f].
In addition, live updates on the stock market from May 21, 2024, indicated that Paras Defence and Space Technologies was expected to perform well due to an inverted head and shoulder pattern formation on the chart. The updates also included financial results from various companies, including BHEL, NMDC, and Eris Lifesciences Ltd., detailing their net profit, revenue, and EBITDA. The stock market calendar for the day, major US-listed stocks result calendar, and securities in F&O ban for trade date were also highlighted. Furthermore, the updates provided insights into stocks in the news and Nirmal Bang Retail Research's analysis on various stocks, including Sanghvi Movers Ltd., Crompton Greaves Consumer Electricals Ltd., and Biocon Ltd. [b941b6bf].