Big movers on D Street: What should investors do with Just Dial, HAL and IEX?

Equity benchmarks closed lower on Friday due to profit booking at high levels, with the BSE Sensex falling by 223 points, while the Nifty settled at 18,563. Just Dial, HAL and IEX stocks were in the news. Pravesh Gour, Swastika Investmart’s Senior Technical Analyst, suggests that investors buy Just Dial as it has formed a base at around Rs 520 and witnessed a breakout of upward channel formation. Gour recommends purchasing HAL on dips, as it is experiencing an upward trend. He suggests avoiding IEX, as its overall structure is distorted, and it trades below its essential moving averages.

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