Stocks likely to be in focus for the next trading session!

Stocks likely to be in focus for the next trading session!

Indian Market
by 5paisa Research Team Last Updated: 2022-11-09T18:15:23+05:30

On Wednesday, the equity benchmark indices traded volatile and ended the session marginally lower not having any major trigger. On the sectoral front, the majority of sectors traded consistently with the benchmark ending on a flat to a marginally lower note. Meanwhile, the broader indices underperformed and declined over half a per cent each.

At the close, Sensex shut stop 151.60 points or 0.25% lower at the 61,033.55 level while Nifty slipped by 45.80 points or 0.25% at the 18,157 level. About 1669 shares have advanced, 1745 shares declined, and 108 shares are unchanged.

Watch out for these stocks in Thursday’s trading session:

PI Industries – In a subdued market today, the shares of PI Industries hit an all-time high of Rs 3,554.25 per share and closed the session jumping 9.83%. The stock reacted to the strong Q2FY23 results declared by the company. The company reported a strong 31% revenue growth on a YoY basis with revenue number standing at Rs 17,700 crore for Q2FY23. The higher revenue growth was promoted by the robust performance of the CSM (exports) segment. Meanwhile, profit after tax grew 46% YoY at Rs 334.80 crore.

FSN E-commerce Ventures – The shares of FSN E-commerce Ventures (Nykaa) slipped steeply, more than 8% towards the end of Wednesday’s trading session. This sharp move came ahead of the record date for its 5:1 bonus share issue i.e., five bonus shares for every one share held in the company fixed on Friday, November 11, 2022, by the board of directors which will determine members' eligibility for bonus equity shares. On Thursday, November 10, 2022, the stock will turn to ex-date for bonus shares.

Happiest Minds Technologies – The IT company has announced its partnership with CredQuant, Singapore’s leading ESG solution provider for BFSI customers, leaping digitally transforming data, risk and regulatory complexity to empower clients in making sustainable investment decisions. The shares of Happiest Minds Technologies have ended the trading session marginally lower at Rs 971.55 per share, 0.47% lower.


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