Stock To Watch: Best Intraday Stocks To Watch On 23 April 2024

 5 Mid and Small-Cap Stocks for Intraday Trading on April 23, 2024: Keep an Eye on These Potential Winners!

Stock To Watch: Best Intraday Stocks To Watch On 23 April 2024
Stock To Watch: Best Intraday Stocks To Watch On 23 April 2024

1. Cyient DLM Ltd (Rs 669.80)

Cyient DLM Ltd, a reputable player in electronics and mechanical manufacturing, is gearing up to unveil its Q4FY24 financial results on April 23. Stay tuned as this stock enters the radar for potential trading opportunities.


2. Triveni Engineering and Industries Ltd (Rs 359.90)  

With its diversified presence in sugar, ethanol, and engineering sectors, Triveni Engineering and Industries Ltd witnessed a remarkable surge in trading volume today, signaling a strong bullish trend. Consider adding this stock to your watchlist for potential intraday trades.


3. Sandur Manganese & Iron Ores Ltd (Rs 493.30)  

Locked in an upper circuit of 5% for the day, Sandur Manganese & Iron Ores Ltd demonstrated heightened buyer interest, further supported by a notable 35% return in the past month. Keep a close eye on this stock for potential intraday opportunities, given its impressive price momentum.


4. Va Tech Wabag Ltd (Rs 1,005.15)  

Reaching a new 52-week high price of Rs 1,017.05 today, Va Tech Wabag Ltd indicates bullish momentum in the water treatment sector. With its diverse portfolio covering water treatment solutions like drinking water, waste water treatment, and desalination plants, this stock warrants attention for potential intraday trades.


5. Nelco Ltd (Rs 793.65)

As part of the esteemed Tata Group and offering solutions in VSAT connectivity, Satcom Projects, and Integrated Security & Surveillance Solutions, Nelco Ltd closed up 6.92% for the day. With its upcoming Q4FY24 results announcement, monitor this stock closely for potential intraday trading opportunities amidst its positive developments.


Conclusion:

In conclusion, it's imperative to recognize that engaging in stock trading carries inherent risks. While the stocks highlighted in this article offer potential opportunities for intraday trading, it's essential for traders to conduct their own research, evaluate market conditions, and assess their risk tolerance before making any investment decisions. It's important to remember that past performance is not necessarily indicative of future results, and external factors can influence stock prices in unforeseen ways. By remaining vigilant, exercising caution, and implementing effective risk management strategies, traders can better navigate the uncertainties of intraday trading.
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