Stocks in focus: These stocks will be in focus on Monday, November 1
The BSE Sensex is down by nearly 4% now from its recent highs. As the frontline index slipped, we saw several stocks buck the trend and inch higher. The positive gains locked by several counters from BSE 500 and BSE Smallcap space indicate positive underlying momentum in these shares.
Following stocks will be in focus on Monday next week:
52 Week High Stocks: From the smallcap stocks we noticed that the shares of Esab India, Bharat Bijlee, Pioneer Distilleries, Mind Corp, Pansari Developers, Creative Peripherals and Sangam (India) made their fresh 52-week highs on Friday. These stocks will be in focus on Monday, November 1.
Asahi India Glass: The shares of Asahi India Glass are seen trending higher with heavy volumes indicating strong momentum. The shares managed to close at all-time high levels on Friday after gaining by nearly 2%.
Price Volume Breakout (BSE 500): The shares of Ujjivan Financial Services, Gayatri Projects, Indigo Airlines, Triveni Turbines, ABB India, NMDC, Birla Corporation, Inox Wind, Minda Corporation, Lupin, Gujarat Gas, Voltas, TV Today, SREI Infra, Ambuja Cement, ICICI Securities, BEL, Motilal Ostwal, Escorts, India Cements, Cadila Healthcare, Greenply and Chambal Fertilizers traded with a price volume breakout. These shares will be in focus on Monday, next week.
Canara Bank: The shares of Canara Bank gained by more than 9% on Friday when BSE Sensex slipped by more than 600 points. A long bullish engulfing pattern was formed in the daily chart of Canara Bank indicating the strong momentum in the counter. The shares of Canara Bank will be viewed with a bullish perspective on Monday, next week.
Varun Beverages: The shares of Varun Beverages were seen trading higher by more than 3% on Friday ahead of its results. In all likelihood, Varun Beverages will trade volatile on Monday. However, the movement in the counter suggests that the investors are expecting a positive set of numbers in Varun Beverages. Varun Beverages will be in focus on Monday, November 1, 2021.
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