Big Movers on D Street: What should investors do with Ultratech Cement, Mazagon and Persistent Systems?

Benchmark indices remained stable as investors remained on the sidelines before the Reserve Bank of India’s interest rate decision later in the week. The Sensex grew a trivial 5 points to 62,792 and the Nifty ended at 18,599 levels, while banking, auto, and financials emerged as winners, and FMCG, IT, and pharma as laggards. Ultratech Cement and Mazagon Dock Shipbuilders are both suggested as “Buys” by Pravesh Gour, Senior Technical Analyst at Swastika Investmart, while Persistent Systems is viewed positively as well.

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