These stocks are likely to be in focus on February 1

These stocks are likely to be in focus on February 1

by 5paisa Research Team Last Updated: Jan 31, 2022, 04:03 PM IST

The benchmark indices ended higher on Monday on the back of a GDP forecast at 8-8.5% in FY23 and ahead Union Budget to be presented on February 1 by Finance Minister Nirmala Sitharaman.

At close, the Sensex was up 813.94 points or 1.42% at 58,014.17, and the Nifty was up 237.80 points or 1.39% at 17,339.80.

On the sectoral front, auto, pharma, IT, oil & gas, PSU Bank and realty added 1-3% whereas in broader markets, BSE midcap and smallcap indices added 1-1.7%

These stocks are likely to be in focus for Tuesday's trading session:

Hotel stocks - Shares of hotel companies zoomed up to 13% on the BSE in Monday’s trading sessions due to hefty volumes on the expectation of healthy earnings going forward as higher vaccination and lower hospitalization rates indicate a much stronger rebound than the second wave. Lemon Tree Hotels, EIH Associated Hotels and Chalet hotels were among the hotel stocks catching the limelight.

Bharat Dynamics - The shares of Bharat Dynamics hit a new high of Rs 507.80 and gained up to 5% in Monday’s intra-day trade ahead of Budget. A point to be noted is that the stock has rallied 27% in the last three weeks, whereas BSE Sensex has declined 4% for the same period. The stock is a suitable representative of the PSU theme ahead of Budget 2022. The stock is likely to be in focus on Tuesday.

HCL Technologies – The company has expanded its partnership with Husqvarna Group with a new multi-year IT services contract. The engagement will advance Husqvarna’s digital transformation journey by leveraging automation and facilitating an agile and customer-focused workforce. The engagement represents HCL and Husqvarna’s commitment to achieving transformation through joint business outcomes. The stock has closed 1.78% higher in Monday's trading session and is likely to be in focus on Tuesday.

Sun Pharma - Sun Pharmaceutical Industries has posted a net profit of Rs 2,059 crore and revenue at Rs 9,863 crore in the quarter ended December 2021. The company's revenue from operations came in at Rs 9,863 crore for the period under review which is an increase of 12% from Rs 8,836 clocked in the last year period. After gaining up to 2% intraday, the stock closed at Rs 834, which is 0.8 % up on BSE.

SENSEX
54,208.53
-109.94 (-0.20%)
Nifty 50
16,240.30
-19.00 (-0.12%)
Nifty Bank
34,163.70
-138.20 (-0.40%)
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SENSEX
54,208.53
-109.94 (-0.20%)
Nifty 50
16,240.30
-19.00 (-0.12%)
Nifty Bank
34,163.70
-138.20 (-0.40%)

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