These stocks are likely to be in focus on February 9

These stocks are likely to be in focus on February 9

by 5paisa Research Team Last Updated: 2022-02-09T16:10:40+05:30

At market close on Tuesday the Sensex was at 57,808.58 up by 187.39 points or 0.33 % and the Nifty was at 17,266.75 up by 53.15 points or 0.31%.

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

Wipro Limited: Wipro Limited has joined hands with Intel Foundry Services Accelerator – Design Services Alliance to support complex System on Chip (SoC) and application-specific integrated circuit (ASIC) designs, and power up products ranging from smartphones to sports cars. As the world’s leading chip design services company, Wipro has been providing semiconductor engineering services to the world’s leading companies for over 30 years. Wipro shares were up by 0.50% at Rs 560 at day end on the BSE.

ABB India Limited:  ABB India has launched a new series of electrical measuring and power monitoring meters for the digital panel meter market which is growing at a CAGR of 6% for the period between 2017 to 2023 globally. With this introduction, ABB India offers a comprehensive portfolio in addition to the existing range of single, multifunction meters and network analyzers, catering to the Panel Meter market across industries such as healthcare, hospitality, infrastructure, and F&B to name a few. The newly introduced M1M11, M1M DS, M1M 20B, and M1M 30B cover the main submetering easily and cost-effectively by powering quality monitoring requirements inside power factor correction boards, motor control centres, or sub-distribution switchboards of commercial and industrial buildings. The shares of ABB were down by 1.48% at Rs 2225 on the BSE.

Security and Intelligence Services Limited: The shares of SIS hit a 52-week high on Tuesday owing to a good quarterly performance. The stock rose by 6.51% to Rs 559.75. The company reported a 10% increase in revenue at Rs 2600.8 crore as compared to Rs 2357.5 crore in the previous year for the same quarter. The net profit rose marginally to Rs 100.6 crore compared to the net profit posted in Q3FY21 which was at Rs 99 crore. The scrip was up by 4.45% at Rs 548.90 at the market close on the BSE.

52-week high stocks – From the BSE 500 pack, the stocks of GNFC, Bank of Baroda, SIS, Jindal Stainless, and Elgi Equipment also have hit their 52-week high on Tuesday.

 

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


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