Trade Spotlight | What should investors do with JK Paper, NTPC, Capri Global Capital, Gujarat Ambuja Exports on Tuesday?

Trade Spotlight | What should investors do with JK Paper, NTPC, Capri Global Capital, Gujarat Ambuja Exports on Tuesday?

JK Paper is showing relative outperformance and touched a new life high in Monday's session. The stock has not corrected irrespective of the weakness in the market and has been moving with higher highs and lows along with volume expansion in the upmove.







Sunil Shankar Matkar









April 19, 2022 / 06:44 AM IST





The market fell sharply on the first day of the week, April 18, due to a correction in IT stocks on unfavourable earnings and banking & financial services. Rising tensions in Ukraine, higher oil prices and US dollar index above the 100 mark also weighed on the market.

The BSE Sensex tanked more than 1,100 points to 57,167 while the Nifty50 fell more than 300 points to 17,174 but defended the crucial psychological 17,000 mark. The broader markets followed the same trend as the Nifty Midcap 100 and Smallcap 100 indices slipped over one percent each.

Stocks that were in action include NTPC which was the biggest gainer on the Nifty50 index, rising six percent to Rs 163.2, while JK Paper, Capri Global Capital, and Gujarat Ambuja Exports ended at record closing highs.

JK Paper climbed six percent to Rs 365, Capri Global