Garden Reach Shipbuilders, Dredging Corporation, REC, BEL, RCF and Engineers India Share Price Gains Before Union Budget
Garden Reach Shipbuilders, Dredging Corporation, REC, BEL, RCF and Engineers India shares were among top gainers as investors expect government to announce favorable policies for Public Sector companies. Railways related stocks could see strength if government announces major infrastructure spending. Additionally, Power Sector government-owned companies could benefit from some announcements in the Union Budget.
Stock Analysis Summary
Garden Reach Shipbuilders: The stock opened at Rs 1526.40, reached a high of Rs 1649.00, and a low of Rs 1522.25. The Fibonacci levels indicate key support and resistance zones for technical analysis.
Engineers India Limited: The stock opened at Rs 167.00, reached a high of Rs 176.12, and a low of Rs 166.81. The Fibonacci levels indicate key support and resistance zones for technical analysis.
Bharat Electronics: The stock opened at Rs 283.90, reached a high of Rs 292.20, and a low of Rs 281.60. The Fibonacci levels indicate key support and resistance zones for technical analysis.
Rashtriya Chemicals and Fertilizers: The stock opened at Rs 158.43, reached a high of Rs 162.42, and a low of Rs 156.81. The Fibonacci levels indicate key support and resistance zones for technical analysis.
REC Limited: The stock opened at Rs 443.00, reached a high of Rs 454.65, and a low of Rs 434.00. The Fibonacci levels indicate key support and resistance zones for technical analysis.
Dredging Corporation of India: The stock opened at Rs 746.40, reached a high of Rs 771.45, and a low of Rs 742.30. The Fibonacci levels indicate key support and resistance zones for technical analysis.
Fibonacci Levels for Strong Performers among PSU Stocks
| Stock | Level_0% | Level_23.6% | Level_38.2% | Level_50% | Level_61.8% | Level_100% |
|---|---|---|---|---|---|---|
| Garden Reach Shipbuilders | Rs 1649.00 | Rs 1619.09 | Rs 1600.58 | Rs 1585.62 | Rs 1570.67 | Rs 1522.25 |
| Engineers India Limited | Rs 176.12 | Rs 173.92 | Rs 172.56 | Rs 171.47 | Rs 170.37 | Rs 166.81 |
| Bharat Electronics | Rs 292.20 | Rs 289.70 | Rs 288.15 | Rs 286.90 | Rs 285.65 | Rs 281.60 |
| Rashtriya Chemicals and Fertilizers | Rs 162.42 | Rs 161.10 | Rs 160.28 | Rs 159.62 | Rs 158.95 | Rs 156.81 |
| REC Limited | Rs 454.65 | Rs 449.78 | Rs 446.76 | Rs 444.32 | Rs 441.89 | Rs 434.00 |
| Dredging Corporation of India | Rs 771.45 | Rs 764.57 | Rs 760.31 | Rs 756.88 | Rs 753.44 | Rs 742.30 |
