Stocks to watch: These large-cap stocks will be in focus Monday!
Indian equity benchmarks Sensex and Nifty50 gave up early gains in yet another tumultuous session on Dalal Street as the market started a new monthly derivatives series. Investors were watching for local cues as they awaited important India GDP data that was due later on February 24.
The following large-cap stocks are likely to be in focus on Monday, February 27, 2023:
Mahindra CIE Automotive: The stock was the biggest gainer of the Nifty500 today, rising nearly 16% even as the benchmark Nifty and the Nifty Auto came under selling pressure. The stock has rallied more than 26% on a YTD basis, while the Nifty Auto gained just 2% and the Nifty50 is down more than 3.5% in the same period. After consolidating for a couple of weeks, the stock gave a big breakout with a 15.75% rally to Rs 449 on February 24.
Spice Jet: The airline operator on February 24 reported a 160% jump in its consolidated net profit at Rs 110 crore for the quarter that ended December 2022. Its net profit stood at Rs 42 crore in the year-ago period. After the results announcement, the stock spiked 10%. The company's revenue from operations jumped 2.4% to Rs 2,316.8 crore as against Rs 2,262.6 crore in the year-ago period. In Q2 FY23, the company reported a loss of Rs 833 crore on revenue of Rs 1,954 crore.
Rail Vikas Nigam Ltd: The company announced the news of winning a Rs 197-crore order from Bhopal-based Madhya Kshetra Vidyut Vitaran Company. Brokers attributed the fall to profit booking as investors may have decided to cash in on some of their paper profits after a near doubling of the stock price over the last year. The order for the Bhopal region from MP Madhya Kshetra Vidyut Vitaran Company Ltd for supply, installation, testing and commissioning of a new 11 KV line for bifurcation & interconnection, the company said in an exchange filing. The company has already bagged seven orders in 2023.
Share Market Today
|Indices Name||Price||Price Change (% change)|
|S&P ASX 200||7050.70||25.3 (0.36%)|
|CAC 40||7135.06||18.82 (0.26%)|
|Dow Jones||33507.50||-158.84 (-0.47%)|
|FTSE 100||7608.08||6.23 (0.08%)|
|Hang Seng||17822.58||458.27 (2.64%)|
|US Tech 100||13224.32||18.04 (0.14%)|
|Nikkei 225||31857.62||-14.9 (-0.05%)|
|S&P 500||4288.05||-11.65 (-0.27%)|
|Gift Nifty||19613.50||-43.5 (-0.22%)|
|Shanghai Composite||3110.48||3.16 (0.1%)|
|Taiwan Weighted||16353.74||43.38 (0.27%)|
|US 30||33537.50||-169.8 (-0.5%)|
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Flat listing for Master Components IPO, closes flat too
- Sep 29, 2023
On 29-sep-2023, Emami Ltd., a prominent Indian FMCG company, made an exciting foray into the health juice category by acquiring a 26% stake in Axiom Ayurveda Pvt Ltd, the firm behind the popular AloFrut brand of beverages.
- Sep 29, 2023