Overnight Digest: Stocks likely to be in focus on February 7
On Friday, auto, PSU Bank and realty indices were down 1-2 per cent, while metal index shined gaining over 1 per cent. BSE midcap index fell 0.68 percent and smallcap index shed 0.45 per cent.
On Friday, the benchmark indices ended the week in red in the volatile session on with selling seen in the PSU Bank, auto and realty stocks.
At close, the Sensex was down 143.20 points or 0.24 per cent at 58,644.82 level, and the Nifty was down 43.90 points or 0.25 per cent at 17,516.30 level.
Keep a watch on these stocks for Monday's trading session -
Sun Pharmaceutical Industries - The shares of the company were up 1.12 per cent at Rs 893.45, hitting an over six-year high on the BSE after a decent operational performance in the December quarter (Q3FY22). The stock was trading higher for the eighth straight trading session having rallied up to 13 per cent during the period. The share traded at its highest level since October 2015. The company registered an 11 per cent YoY rise in consolidated revenues to Rs 9,814.2 crore in Q3FY22 whereas the net profit grew 11.1 per cent YoY at Rs 2,058.8 crore. The board also declared an interim dividend of Rs 7 per share.
Godrej Properties - The shares of this realty company contracted 10 per cent to Rs 1,502.35 in Friday’s trading session after its board approved an investment of Rs 400 crore in DB Realty (DBR), to acquire around 10 per cent stake through the issue of warrants. The stock has dipped 16 per cent in the past two trading sessions. On the technical front, the stock is trading with downward RSI and MACD indicators which is likely to keep this stock in focus on Monday.
Amber Enterprises - The stock has caught investors' attention as it zoomed almost 8 per cent hitting a record high price in Thursday's trading session whereas it has plunged 6.51 per cent in Friday's trading session. In the past one week the stock has rallied 12.52 per cent after it reported a better-than-expected operational performance as revenue, Earnings before interest tax and depreciation and amortization (EBITDA) and profit after tax (PAT) surpassed the pre-pandemic level in the December quarter (Q3FY22). Due to the high volatility exhibited in two consecutive trading sessions, the stock is likely to be in focus on Monday.
Upper Circuit Stocks - The stocks of Deepak Fertilisers and Tata Teleservices (Maharashtra) are locked in the upper circuit on Friday. Watch out for these stocks on Monday.