Stocks likely to be in focus for the next trading session!
After ending in red for the previous two trading sessions, the domestic benchmark indices ended higher owing to the recovery of global markets. BSE’s Sensex climbed 113.95 points or 0.19% to settle at the 60,950.36 level while NSE’s Nifty ended 64.45 points or 0.36% up at the 18,117.15 level.
Bajaj Finserv, Tata Steel, UltraTech Cement, State Bank of India, Reliance Industries, Asian Paints, Bajaj Finance and Wipro were among the winners. Dr Reddy's, Hindustan Unilever Limited, Infosys, HDFC Bank and NTPC were among the losers.
Keep an eye on these stocks for Monday’s trading session -
GMM Pfaudler – GMM Pfaudler reported a 150% growth in consolidated profit which stood at Rs 97 crore for Q2FY23. The attractive profit growth was led by a strong operating performance. Revenue for the quarter was reported by Rs 780 crore which rose by 20.5% on a YoY basis. The shares of GMM Pfaudler gained 6% and closed the trading session at Rs 1,973.35 per share.
Lupin - Lupin has received tentative approval from the United States Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA), Drospirenone Tablets, 4 mg, to market a generic equivalent of Slynd Tablets, 4 mg, of Exeltis USA Inc. The shares of Lupin were seen trading on a weak note in Friday’s trading session and ended the session marginally lower at Rs 710.75 per share, 0.2% lower.
Schneider Electric Infrastructure - Schneider Electric Infrastructure reported a profit of Rs 8.74 crore for the Q2FY23 reversing the loss of Rs 8.7 crore in the same period last year, led by a healthy top line and exceptional gain. On the other hand, revenue from operations stood at Rs 420.8 crore for the quarter improving by 39.5% compared to the corresponding period in the last fiscal.
Price Volume Breakout Stocks – In a volatile market today, the shares which witnessed a price volume breakout included Indian Overseas Bank, Rail Vikas Nigam, NHPC, Ceat and Bajaj Finserv. Indian Overseas Bank soared 12.37% on an intraday basis ahead of its Q2FY23 results.
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