These stocks are likely to be in focus on October 13.

These stocks are likely to be in focus on October 13.

by 5paisa Research Team Last Updated: 2022-04-04T14:41:00+05:30

On Tuesday, despite volatility hovering over, the benchmark indices ended higher led by the consumer durables, auto, FMCG, metal and PSU Bank indices. Sensex gained 148.53 points or 0.25% ending at 60,284.31 level, and the Nifty was up 46 points or 0.26% settling at 17,991.95 level.

On the sectoral front, the BSE Consumer Durables index zoomed 2.92%, while auto, FMCG, metal and PSU Bank indices rose by 1-2%. In the broader markets, BSE midcap and smallcap indices ended in green by rising 0.65% and 0.26%, respectively.

Keep a watch on these stocks for Wednesday’s trading session:

Larsen & Toubro - L&T Construction, the construction arm of L&T, has secured various orders in India for its businesses. The company did not provide the value of the contracts but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore. The stock has traded flat in Tuesday’s trading session and is likely to be in focus on Wednesday.

Prestige Estates – The company reported 88% year-on-year growth in its sales bookings at Rs 2,111.9 crore for the quarter ending September 30, 2021, on better housing demand. Its sales bookings stood at Rs 1,123.3 crore in the year-ago period. The new sales were boosted by the healthy response of its newly launched project, Prestige Great Acres, and the existing inventories across geographies. The stock has plunged 2.64% in Tuesday’s trading session and is likely to be on the watchlist on Wednesday.

IDBI Bank – The share price of this bank was on fire in Tuesday’s trading session. The stock has gained up to 19.96% on an intraday basis. There was no major news on the fundamental front but on the technical front, the stock has broken the current resistance level forming a long green candle. The stock has made a fresh 52-week high price of Rs 58 per share. The stock is trading with a positive RSI and is likely to be on investors radar for Wednesday’s trading session.

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