These stocks are likely to be in focus on November 10
Last Updated: 13th December 2022 - 08:34 pm
On Tuesday, the benchmark indices ended flat amid volatility. At close, the Sensex was down 112.16 points or 0.19% at 60,433.45, and the Nifty was down 24.20 points or 0.13% at 18,044.30. About 1958 shares have advanced, 1269 shares declined, and 162 shares are unchanged.
On the sectoral front, auto and capital goods indices rose 1% each, while buying was seen in the power, oil & gas, pharma names. Meanwhile, the metal and banking stocks faced pressure in Tuesday's trading session. In the broader markets, the BSE midcap index was up 0.8 % and smallcap index rose 0.67 %.
Watch out for these stocks for Wednesday's trading session.
Mahindra & Mahindra - The company declared quarterly results for Q2FY22. Net profit stood at Rs 1,929 crore against Rs 615 crore in Q2FY21. Revenue was up 14.8% at Rs 13,305 crore against Rs 11,590 crore on a YoY basis. EBITDA lowered 19.3% at Rs 1,660 crore against Rs 2,057.3 core (YoY) while EBITDA margin came in at 12.5% against 17.8% (YoY). The tractor segment saw the second-highest growth in terms of PBIT, domestic and export volume, whereas the farm business gained a market share of 1.9%.
JSW Steel– JSW Steel reported that the Crude Steel production for the month of October 2021 was at 14.25 lakh tons on a standalone basis. It also reported that the average capacity utilization for the month was 95%. The stock ended 1.23% lower in Tuesday's trading session and is likely to be in focus on Wednesday.
52-week high stocks – From the Sensex pack, the only stock that hit a fresh 52-week high price on Tuesday was Larsen & Toubro. The stock has touched a fresh price of Rs 1,964 per share. Keep a watch on this stock on Wednesday.
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