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These instruments, which are listed on the BSE and NSE, could return 11.5% to investors with a lower tax outgo. Investors should buy these instruments to hold till maturity as liquidity is low.

On an intraday basis, GSFC hit a high of Rs 151.70, the highest level since December 16 last year, while if it closes above the Rs 150 level, then that would be the highest since September last year.

Rail Vikas Nigam has formed robust bullish candlestick pattern on the daily charts for yet another session, with making higher highs higher lows for four days in a row.

Momentum indicator RSI (relative strength index) has already given a positive crossover on the daily as well as weekly charts.

Tata Consumer Products which jumped 4.6 percent to Rs 732.5, the highest closing level since February 16. The stock has formed large bullish candlestick pattern on the daily charts with robust volumes, with getting back above 50-day EMA.

Rail Vikas Nigam has formed robust bullish candlestick pattern on the daily, weekly as well as monthly charts, with strong volumes.

The stock which is also part of the S&P BSE Smallcap index rose from Rs 143.90 as on 13 April 2023 to Rs 166.30 recorded on 21 April 2023 – which translates into an upside of about 16% in a week. The stock rose more than 26% in a month. The momentum helped the stock to hit a fresh record high of Rs 168 on 21st April. The neckline of the Double Bottom resistance was placed around 160 levels.

Motilal Oswal with a netural rating on Tata Communications said the free cash flow and dividend yield remained healthy

The stock has a strong base at Rs 790. As long as the base remains intact, the stock can climb to Rs 910, which is the next major hurdle, says Mehul Kothari of Anand Rathi

Lemon Tree's stock is currently experiencing a strong uptrend, characterized by a consistent formation of Higher Highs and Higher Lows. This indicates that the stock is maintaining an upward momentum and is exhibiting a positive trend in its price movements.

Mankind Pharma is focused largely on the domestic market, which contributed to 97.60 percent to its revenue from operations for FY22.

Most technical indicators suggest that the upside is likely to remain intact; however, the stock is trading near an overbought zone, hence, mild profit booking could be on the cards.

“This sustained performance of GMR Infra stock has been observed since early October 2021, illustrating a significant strength despite the overall correction in the market,” Omkar Patil, Technical Research Associate at GEPL Capital, said.

PFC shares rallied nearly 6 percent to Rs 166 and formed long bullish candlestick pattern on the daily scale with above average volumes. The stock remained above key moving averages, with making higher highs higher lows for sixth consecutive session.