The New India Assurance Company Ltd. (CMP: ₹202, Stop Loss: ₹185) surged 8% today, supported by a significant increase in trading volume and a rising MACD histogram. These indicators reflect strong bullish momentum. The stock is currently trading above its key 21-day and 50-day moving averages, reinforcing its short-term uptrend. Market participants will be watching closely to see if this momentum sustains in the upcoming trading sessions.

Source: NSE

New India Assurance provides a wide range of insurance products, including personal, commercial, industrial, liability, and social insurance. The company also offers coverage for accidents, mediclaim, money, mobile phones, vehicles, pensions, and various other segments.

Godawari Power & Ispat Ltd. (CMP: ₹199.5, Stop Loss: ₹183) continues to show strength as it trades in a steady uptrend, forming higher lows consistently over the past several weeks. Today, the stock broke above its AVWAP resistance level, accompanied by a moderate increase in volume, which may signal growing institutional interest. The MACD indicator also reflects a positive trend, suggesting potential for further upside in the sessions ahead.

Source: NSE

Godawari Power & Ispat is engaged in the mining of iron ore and the production of iron ore pellets, sponge iron, steel billets, wire rods, HB wire, and ferro alloys. The company also generates electricity as part of its integrated operations.

Note: Charts and prices are as of 1 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.