Sensex faces resistance at 5090 points
Sensex gained 42 points to close at 4887. The daily stochastic is close to overbought region. The implication of this, in the short term is that the scope for upside is limited.

Pharma, cement stocks firm up in dull trade; Sensex up 42 pts
The markets remained lacklustre for the major part of Tuesday's trading as activity in software counters remained subdued. However, pharma and cement stocks had firmed up during the day, with L&T leading the rally in the latter segment.

JK Industries hit by poor liquidity, low PE
Despite being the key player in the tyre sector, the stock of JK Industries suffers from poor market discounting. On the latest earnings, the stock gets a price multiple of around 3. This factor has further affected its liquidity.


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