These stocks are likely to be in focus on October 21.
Benchmark indices ended in red for the second consecutive session on October 20 amid selling witnessed across the sectors.
At close, the Sensex was down 456.09 points or 0.74% at 61,259.96 level, and the Nifty lowered 152.20 points or 0.83% settling at 18,266.60 level. Bharti Airtel, SBI, IndusInd Bank and Bajaj Finance were the top Sensex gainers whereas Titan Company, HUL, NTPC and Larsen and Toubro were the top Sensex losers.
On Wednesday, about 877 shares have advanced, 2351 shares declined, and 115 shares are unchanged. All the sectoral indices settled in red and in the broader markets, BSE midcap and smallcap indices lost 2% each.
Watch out for these stocks in Thursday’s trading session:
Mindtree – The company has been selected as a strategic partner by Western Asset, one of the world’s leading active fixed-income investment managers, to help drive innovation and differentiated experiences for the company’s global investors. The initial partnership will be for the Western Asset team on their IT infrastructure and application portfolio, while also enabling several strategic business initiatives.
Jubilant FoodWorks – The company declared its results for Q2FY22 which revealed that the net profit rose 58% recording at Rs 121.52 crore versus Rs 76.9 crore reported in Q2FY21. Revenue zoomed 36.6% at Rs 1,101 crore as compared to Rs 805.5 crore on a YoY basis. Whereas on a YoY basis, earnings before interest, tax, depreciation and amortization (EBITDA) stood 33.2% higher at Rs 286 crore in comparison with Rs 214.6 crore.
52-week high stocks – Amid the downside experienced in the markets on Wednesday, the stocks of ICICI Bank, Infosys, SBI and Tech Mahindra in the Sensex pack outperformed the index and made fresh 52-week highs. These stocks are likely to be on the watchlist for Thursday's trading session.
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