Stocks To Watch On August 24, 2023: Reliance Industries (Ril), Railtel, Hindustan Aeronautics (Hal), Monte Carlo, Others

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Dynamic Gyan

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Stocks to watch on August 24, 2023

DYNAMIC GYAN Both Nifty and Bank Nifty, have reached their immedia te hurdle of short-term moving average i.e. 20 EMA together. RailTel, Hindustan Aeronautics (HAL), Monte Carlo, Reliance Industries (RIL) among stocks to watch on Thursday.

RailTel shares

RailTel shares will trade ex-dividend on Thursday (August 24, 2023). The company had announced an interim dividend of Rs 1.05 per equity share. DYNAMIC GYAN Credit: Google

Dynamic Gyan

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Hindustan Aeronautics (HAL) shares

Hindustan Aeronautics (HAL) shares will trade ex- dividend on Thursday. The company had announced an interim dividend of Rs 15 per equity share. DYNAMIC GYAN Credit: Google

Monte Carlo shares

Monte Carlo shares will trade ex-dividend on Thursday (August 24, 2023). The company had announced an interim dividend of Rs 20 per equity share. DYNAMIC GYAN Credit: Google

Web Stories

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Reliance Industries shares

The Qatar Investment Authority (QIA) will pick up nearly one percent stake in Reliance Retail Ventures Ltd (RRVL) in lieu of an investment of Rs 8,278 crore. DYNAMIC GYAN Credit: Google

L&T shares

Larsen & Toubro (L&T) on Wednesday said that its Power Transmission & Distribution Business has secured large orders in the range of Rs 2,500 crore- Rs 5,000 crore in the Middle East. DYNAMIC GYAN Credit: Google

GAIL India shares

State-owned Gail India plans a capital expenditure of Rs 30,000 crore, mainly in pipelines, petrochemical projects and city gas distribution, over the next three years. The company's total capital expenditure for FY23 was Rs 10,000 crore. DYNAMIC GYAN Credit: Google

Nifty Outlook

"Nifty is currently placed at the crucial resistance of down sloping trend line around 19,450-19,500 levels and is struggling to break decisively above the hurdle. At the same time, the market is not willing to show any reasonable weakness from near the resistance. DYNAMIC GYAN Credit: Google

Bank Nifty Outlook

"Bank Nifty has witnessed a sharp pullback. On account of the rise, it is now very close to the 44,600 44,700 where resistance in the form of the 20 and 40-day moving averages are placed, which are likely to restrict a further sharp up-move. DYNAMIC GYAN

Disclaimer

Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position. DYNAMIC GYAN

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