These stocks are likely to be in focus on November 11
On Wednesday, the equity benchmark indices ended in red amid selling seen in the metal, realty, banking names. Globally, investors awaited the release of the US inflation data due which is predicted to continue at peak levels.
At close, the Sensex was down 80.63 points or 0.13% at 60,352.82, and the Nifty was down 27.10 points or 0.15% at 18,017.20. About 1601 shares have advanced, 1530 shares declined, and 129 shares are unchanged.
Among sectors, PSU Bank, Realty and Metal indices slipped 1-2%, whereas buying was witnessed in auto, pharma and oil & gas stocks. In the broader markets, the BSE midcap index contracted 0.5% and BSE smallcap index ended on a flat note.
Watch out for these stocks on Wednesday, November 11.
Bank of Baroda- The company declared quarterly results for Q2FY22. Net profit stood at Rs 2,087.9 crore while net interest income came in at Rs 7,565.9 crore. The Gross NPA's were reported to be at 8.1% against 8.9% in Q2FY21. The Net NPA was recorded at 2.8% against 3% (QoQ). Meanwhile, the other income at Rs 3,579.2 crore against Rs 2,909.6 crore (YoY). The stock of Bank of Baroda plunged more than 5% on Wednesday and is likely to be in focus on Thursday.
Sugar Stocks – On Wednesday, Sugar stocks were trading higher outperforming the benchmark indices. This surge was on the back approval by the Cabinet of 20% blending of ethanol in petrol by 2025. The stocks of Balarampur Chini Mills and E.I.D Parry rose 2.62% and 0.14%, respectively. Watch out for the sugar stocks for further trading sessions.
52-week high stocks – From the BSE 100 index, the stocks of ACC, Bharat Forge, Cholamandalam Finance, Hindustan Petroleum, Page Industries and Siemens have made fresh 52-week high prices. Keep a watch on these stocks on Thursday.
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