These stocks are likely to be in focus on November 15
The benchmark indices ended the week on a cheering note and traded higher throughout Friday’s trading session.
At close, the Sensex was up 767.00 points or 1.28% at 60,686.69, and the Nifty was up 229.20 points or 1.28% at 18,102.80. About 1556 shares have advanced, 1628 shares declined, and 143 shares are unchanged.
On the sectoral front, IT, power, capital goods and realty rose 1% each. In the broader markets, the BSE midcap and smallcap indices ended higher.
Watch out for these stocks for Monday’s trading session -
Hindalco Industries- The stock of Hindalco Industries has zoomed by 3.06% in Friday’s trading session. The stock is 13.9% down from its 52-week high price hit in mid-October 2021. On the charts, the stock has shown a bounce back from the current support level and is likely to be on traders or investors radar.
On Friday, the company declared quarterly results for Q2FY22. Consolidated net profit stood at Rs 3,417 crore against Rs 387 crore reported in Q2FY21 whereas consolidated revenue was recorded at Rs 47,665 crore in comparison with Rs 31,237 crore in the same quarter previous year.
Indiabulls Housing Finance- In the declared quarterly results for Q2FY22, the company’s board approved the issuance of unsecured and/or secured, listed and/or unlisted, redeemable non-convertible debentures, for an aggregate amount up to Rs 5,000 crore on private placement or public issue basis or otherwise. The company reported an 11.42% lower consolidated profit and an 11.88% decline in revenue in Q2FY22 on a YoY basis. The stock has ended 4.8% higher in Friday’s trading session.
52-week high stocks – From the BSE 100 index, the stocks of ACC, Bharti Airtel, Cholamandalam Finance, InterGlobe Aviation and Page Industries have made fresh 52-week high prices. Keep a watch on these stocks on Monday.
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