Trade Spotlight | What should you do with Schneider Electric, RHI Magnesita, JSW Energy, Info Edge

Trade Spotlight | What should you do with Schneider Electric, RHI Magnesita, JSW Energy, Info Edge

Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today.







Sunil Shankar Matkar









February 14, 2022 / 06:55 AM IST





The market erased all its previous two-day gains and corrected 1.3 percent on February 11 as US inflation scales a 40-year high on anticipation of fresh rate hikes by the Fed and oil prices hover on more than seven-year high. All sectors contributed to the fall.

The BSE Sensex plunged 231 points to 17,375, and the Nifty50 fell 773 points to 58,153, while the Nifty Midcap 100 and Smallcap 100 indices declined more than 2 percent each.

Stocks that were in focus include Schneider Electric Infrastructure, which spiked 19.73 percent to close near the day's high at Rs 128.35, RHI Magnesita India, which rallied 14.35 percent to Rs 486.05, and JSW Energy, which jumped 5 percent to Rs 341.30, however, Info Edge fell 6 percent to Rs 4,595.65.

Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today:

Schneider Electric Infrastructure

On the weekly chart, the stock has observed one-year "multiple resistance zone" breakout at Rs