These stocks are likely to be in focus on September 29

Stocks In Focus
by 5paisa Research Team 28/09/2021

Benchmark indices experienced profit booking on Tuesday but bounced back led by buying seen in the metal, power and oil & gas stocks. Sensex settled 410.28 points or 0.68% lower at 59,667.60 level, and the Nifty ended 106.50 points or 0.60% at 17,748.60 level. 

In the broader markets, BSE midcap and BSE smallcap indices ended lower with each down over 0.5%. 

Among the sectors, the IT and realty indices fell 2-3%, while power, oil & gas and metal indices ended in the green. 

Following stocks are likely to be in focus on Wednesday: 

Rail Vikas Nigam Limited - The company has bagged an order worth Rs 382 crore from Madhya Pradesh Metro Rail Corporation including design and construction of seven elevated metro rail stations including viaduct portion within the stations and transition spans on either side of the stations. Last week, the company had secured a contract amounting to Rs 1,034.90 crore from Madhya Pradesh Metro Rail Corporation Limited for the design and construction of Elevated Viaduct. 

Energy and Power Stocks - The energy and power stocks have outperformed the benchmark indices in Tuesday's trading session. The BSE Power index has zoomed by 1.49% as against Sensex which has slipped 0.68%. Within the index, the stocks of BHEL, Power Grid Corporation of India, NTPC and Torrent Power were the top gaining stocks. 

52-week high stocks - Despite the benchmark indices ending in red on Tuesday, the stocks of ICICI Bank, Kotak Mahindra Bank and Reliance Industries have made fresh 52-week highs. They are likely to be in focus on Wednesday.