5 BSE industrial sector stocks to watch out for
S&P BSE Industrials opened 6,788.96 above 6.21 points on November 17.
Let us see which stocks in this sector investors should keep an eye on.
Timken India Ltd has announced that it will be setting up a new manufacturing facility at Bharuch, Gujarat to manufacture spherical roller bearings and cylindrical roller bearings and components thereof. The company already has a manufacturing plant at Bharuch, where it primarily manufactures tapered roller bearings and its component. After the announcement, shares of the company have rallied more than 10% since the market opened. In the morning session, the shares of Timken India Ltd were trading at Rs 2956.80, a gain of 0.9% over its previous close.
NBCC (India) Ltd announced financial results for the quarter ending September 30, 2022, on November 14. NBCC posted net revenue at Rs 2029.70 crore showing a YoY growth of 6.12% while PAT rose by 32.51% YoY at Rs 95.46 crore. At noon, the shares of NBCC were trading at Rs 38.05, a gain of approximately 4% over its previous close in today’s intraday session.
Rossell India Ltd, in afternoon trades, zoomed more than 5% to Rs 328.35. The company has recently announced its financial results for the quarter ending September 30, 2022. The company reported net sales of Rs 119.18 crore as against a profit of Rs 94.73 crore with a 25.81% growth on a YoY basis while net profit stood at Rs 36.44 up from Rs 25.23 crore with YoY growth of 44.43%. In the morning session, the shares of Rossell India were trading at Rs 315 a gain of 0.91% over its previous close.
Hindustan Construction Co Ltd has rallied more than 14% after the company announced strong quarterly results for the quarter ending September 30, 2022. Shares of HCC have logged a new 52-week high in today’s trading session. At noon, the intraday high and low of the company were 16.94 and 15.27, respectively.
Shares of Engineers India Ltd are trading at a 52-week high in today’s intraday session with a high of Rs 79.75. The stock has surged more than 7% since its previous close. Shares of IndusInd Bank were quoting Rs 78.95 per share with a gain of 7.63% over its previous close.
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