These stocks are likely to be in focus on October 12.
On Monday, despite fading the intraday gains, the benchmark indices closed on a fresh record high led by the auto, bank, metal, power and realty stocks. Sensex gained 76.72 points or 0.13% ending at 60,135.78 level, and the Nifty was up 50.80 points or 0.28% settling at 17,946 level.
On the sectoral front, the IT index fell 3%, while auto, bank, metal, power and realty indices widened by 1-2.5%. In the broader markets, BSE midcap and smallcap indices rose 0.5% each. In Monday’s trading session, about 1814 shares have advanced, 1375 shares declined, and 141 shares remained unchanged.
Maruti Suzuki, Powergrid Corporation, ITC, NTPC and SBI were among the top Sensex gainers, whereas TCS, Tech Mahindra, Infosys, HCL Technologies and Reliance Industries were among the top Sensex losers.
Keep a watch on these stocks for Tuesday’s trading session:
Tata Motors – The company has reported retail sales for the second quarter ending September 2021 which were 92,710 vehicles, 18.4% lower than the 1,13,569 vehicles sold in Q2 last year. The sales were lower on a YoY basis in most regions, including North America (down 15.6%), China (down 6.3%), Europe (down 17%), and in the UK (down 47.6%), but on the other hand improved in the overseas region (up by 10%). The share has zoomed by 8.54% on Monday and has hit its 52-week high price.
Glenmark Pharmaceuticals - The company announced the launch of Tavulus® for COPD treatment in Spain, becoming one of the first companies to launch a bioequivalent version of the dry powder inhaler. The stock has gained 1.33% in Monday’s trading session and is likely to be in focus on Tuesday.
Avenue Supermarts – Forming a long green candle on the charts, the stock has zoomed up to 7% in Monday’s trading session. The stock is trading in green for three consecutive sessions and has broken the current resistance level in Monday’s trading session. The stock is trading with a positive RSI. Keep a close watch on this stock on Tuesday.
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