These stocks are likely to be in focus on September 23
Following a 75-basis points interest rate hike from the Federal Reserve, the core equity indices ended in the red at market close on Thursday, tracking weak global cues.
The BSE Sensex fell 0.57%, reaching a level of 59,119, while the Nifty 50 index declined 0.50% to the 17,629 level. On the BSE, 166 stocks have made their 52-week high, whereas 35 stocks reached their 52-week lows today. Out of the 3,589 stocks traded, on the BSE today, 1,814 stocks have advanced, 1,628 shares have declined, and 147 stocks remained unchanged.
These stocks are likely to be in focus for Friday’s trading session -
Bharti Airtel: Today, the first-ever ‘Airtel IQ’ hackathon was announced by Bharti Airtel and WhatsApp. Prizes from the Airtel IQ hackathon include up to Rs 1 crore in cash, business mentoring from Airtel executives, and WhatsApp. Participants will be judged over three rounds, with the grand finale taking place on December 1, 2022, and applications will close on October 9, 2022. The goal of the hackathon is to find and develop cutting-edge business solutions for five important economic sectors using the WhatsApp business platform, with the hope of enhancing livelihoods and promoting the nation's sustainable and economic growth. Bharti Airtel's shares ended today's trading session marginally higher at Rs 784 per share on the BSE.
Lupin: The United States Food and Drug Administration (FDA) has given the go-ahead for Lupin Limited's Abbreviated New Drug Application (ANDA), Diclofenac Sodium Topical Solution USP, 2% w/w, a generic version of Horizon Pharma Ireland DAC's Pennsaid® Topical Solution, 2% w/w. The product will be produced at the Lupin plant in Pithampur, India.
Jubilant FoodWorks: Following the company's announcement that it had formed a subsidiary called ‘Jubilant FoodWorks International Luxembourg’ (JFIL) in Luxembourg along with Jubilant FoodWorks International Investments Limited, a fully owned subsidiary of JFL, shares of Jubilant FoodWorks surged by 2%. Jubilant FoodWorks International Investments Limited, the company's wholly-owned subsidiary, and the company jointly own the entire outstanding share capital of JFIL.
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