Overnight Digest: Stocks likely to be in focus on December 24
On Thursday, benchmark indices ended on a positive note for the third straight session with Sensex ending up 384.72 points or 0.68 per cent at 57,315.28 level, and the Nifty was up 117.10 points or 0.69 per cent at 17,072.60 level supported by the positive global cues.
On the sectoral front, barring Metal, all other sectoral indices ended in the green with PSU bank, realty, FMCG, oil & gas, power indices rising 1-2 per cent. In the broader markets, BSE midcap index added 1 per cent and smallcap index rose 0.73 per cent.
Keep a watch on these stocks for Friday's trading session -
Havells India - The company has announced its vision to magnify its ‘Make in India’ strategy by showcasing its industry‐first ‘Industry 4.0’ manufacturing plant for Lloyd ACs in Ghiloth, Rajasthan. Diversifying its manufacturing prowess further, the company has now also entered Washing Machine (WM) production at the same location in Ghiloth where the AC plant is located. The stock had a quite volatile ride in Thursday's trade, entering in the red territory in the second half of the trading session and fading the gains of the first half and ending the day with 0.3 per cent gain.
Hero MotoCorp - The company will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from January 4, 2022. The price revision has been necessitated to partially offset the impact of steadily increasing commodity prices. The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market. The stock has zoomed 1.93 per cent in Thursday's trading session. Keep a watch on the same for Friday's trading session.
Carborundum Universal - CUMI GmbH, Germany, a step-down subsidiary of Carborundum Universal Limited (CUMI) has entered into an Asset Purchase Agreement with the Insolvency Administrator of AWUKO ABRASIVES Wandmacher GmbH & Co KG, Germany (AWUKO) on December 22, 2021, for acquiring the main assets of AWUKO. This acquisition fits in well for CUMI's expansion plans in Europe, and it will gain access to the Coated Abrasives capacity of 10 million square metres, a global distribution base and an experienced process and application engineering team. The share has ended the day 0.14 per cent lower on Thursday and is likely to be in focus on Friday.
52-week high stocks - From the Sensex pack, the stocks of Infosys and Tech Mahindra have made fresh 52-week highs on Thursday and are likely to be watched on Friday.