These stocks are likely to be in focus on October 22
Benchmark indices slipped in red for the third straight session on October 21 mainly dragged by IT and metal names.
At close, the Sensex was down 336.46 points or 0.55% at 60,923.50 level, and the Nifty was down 88.50 points or 0.48% at the 18,178.10 level. Kotak Mahindra Bank, ICICI Bank, HDFC Bank and NTPC were the top Sensex gainers whereas Asian Paints, Infosys, Reliance Industries and TCS were the top Sensex losers.
On Thursday, about 1580 shares have advanced, 1627 shares declined, and 130 shares are unchanged.
On the sectoral front, PSU Bank, auto, oil & gas and power indices ended on a positive note, while metal, IT, energy and FMCG indices ended in red. The indices in broader markets also ended in negative territory.
Watch out for these stocks in the Friday trading session:
CG Power and Industrial Solutions - The company announced that it had the benefit of uninterrupted working in Q2 and all the businesses have performed satisfactorily, improving capacity utilization. The sales for the quarter stood at Rs 1454 crore, a 119% rise on a YoY basis and the standalone sales recorded were highest in the last ten quarters. Also, the profit before tax recorded on a standalone basis was at Rs 137 crore, again, the highest recorded in the last 20 quarters.
UPL - UPL Global Limited, a step-down subsidiary of the company’s subsidiary viz. UPL Corporation Limited has entered into a definitive agreement for the acquisition of an 80% stake in the equity share capital of PT Excel Meg Indo – Indonesia. PTE has a good presence in Indonesia and belongs to the agrochemicals industry. This acquisition will help UPL to access a wide range of agrochemical products offered by PTE in Indonesia.
52-week high stocks – On Thursday, the stocks of ICICI Bank and Kotak Mahindra Bank in the Sensex pack outperformed the index and made fresh 52-week highs. These stocks are likely to be on the watchlist for Friday’s trading session.
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