These stocks are likely to be in focus on February 7

These stocks are likely to be in focus on February 7

by 5paisa Research Team Last Updated: Feb 07, 2022, 03:18 PM IST

At market close on Friday, the Sensex was at 58,644.82 down by 143.20 points or 0.24% and the Nifty was at 17,516.30 up by 43.90 points or 0.25%.

On the BSE, 1524 shares have advanced, 1815 shares declined and 93 shares remained unchanged.

These stocks are likely to be in focus for Monday's trading session – 

Bank of India: Bank of India posted its Q3 FY22 results today. The net profit rose by 63.19% to Rs 996.04 crore in the quarter ended December 2021 as against Rs 610.37 crore during the previous quarter ended December 2020. Total Operating Income declined 8.51% to Rs 9423.22 crore in the quarter ended December 2021 as against Rs 10299.45 crore during the previous quarter ended December 2020.

Aditya Birla Fashion and Retail Limited: ABFRL, announced its plans to set up a platform for entering into the Direct to Consumer (D2C) business. The Board of directors of the Company in their meeting have provided approval to set up a new subsidiary towards building a portfolio of distinct, new-age, digital brands across categories in fashion, beauty, and other allied lifestyle segments. The D2C portfolio will be built through organic and inorganic means and will be funded through ABFRL’s internal accruals and the company will eventually bring in external capital to accelerate the growth journey. The D2C market opportunity in India is expected to be US$ 100 bn by 2025. The shares of ABFRL were at Rs 294.75, down by 3.09% at market close.

State Bank of India: The shares of SBI hit a 52-week high on the third consecutive day today. The stock rose to Rs 546.36 apiece, with a 1.15% rise from its previous closing value on the BSE. The largest PSU Bank is expected to declare its Q3FY22 results on February 5, 2022. The scrip was 1.83% down at Rs 530.20 at market close on Friday. 

52-week high stocks – From the BSE 500 pack, the stocks of Fine organics, Deepak Fertilizers and Nitrite, Cholamandalam Investment and Fin Co, Jindal Stainless (Hisar), Sun Pharmaceuticals, and TV18 Broadcast also have hit their 52-week high on Friday.

Also read: F&O Cues: Key support & resistance levels for Nifty 50

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SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)
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