These stocks are likely to be in focus on November 10
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.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 8022.41 | -0.85 (-0.01%) |
| DAX | 17737.36 | -100.04 (-0.56%) |
| Dow Jones | 37986.40 | 211.02 (0.56%) |
| FTSE 100 | 7895.22 | 12.39 (0.16%) |
| Hang Seng | 16224.15 | -161.73 (-0.99%) |
| US Tech Composite | 15287.01 | -319.49 (-2.05%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 4967.23 | -43.89 (-0.88%) |
| Gift Nifty | 22203.50 | 188.5 (0.86%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37973.70 | 209.7 (0.56%) |
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