These stocks are likely to be in focus on November 3

These stocks are likely to be in focus on November 3

by 5paisa Research Team Last Updated: 2021-11-02T16:04:57+05:30

The equity markets witnessed a volatile day on November 2, 2021.

Benchmark indices ended lower in the volatile session on Tuesday amid mixed global cues.

At close, the Sensex was down 109.40 points or 0.18% at 60,029.06, and the Nifty was down 40.70 points or 0.23% at 17,889.00.

On the sectoral front, the BSE Metal index lost its shine and shed over 1% while the realty and PSU Bank index zoomed 2-3 %. The indices in broader markets, the BSE Smallcap index and BSE Midcap index, outperformed the benchmark indices by rising 0.5 to 1%.

Watch out for these stocks for the Wednesday trading session.

Sun Pharmaceutical Industries - The company reported financials for the second quarter ending September 30, 2021. The company followed its good Q1 performance and sustained the positive momentum in Q2 with a topline growth of 13% YoY, driven by broad-based growth across multiple geographies. Its global speciality business has grown by 43% over Q2 last year. The company’s product Ilumya, a medication is used to treat moderate to severe plaque psoriasis, has grown both YoY and sequentially.

BSE and HDFC Bank – BSE has signed MoU with HDFC Bank to further encourage and promote the listing of Startups and SMEs across India. Through this MoU, HDFC Bank and BSE shall evaluate banking and lending solutions for start-ups undergoing listing process on Start-ups and SME platform. HDFC Bank will identify potential start-ups and SMEs and help them to partner with intermediaries like Merchant Bankers, Chartered Accountants and Lawyers to list on BSE.

Upper Circuit stocks – From the BSE 500 index, the stocks of All Cargo Logistics, PNB Housing Finance and IIFL have been trending on Tuesday. They have locked in the upper circuit with Allcargo Logistics gaining up to 19.99% in Tuesday’s trading session. Keep a watch on these stocks on Wednesday.

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