Overnight Digest: Stocks likely to be in focus on July 18

Have a look at some stocks that should be on your radar for Monday's trading session.

On the last day of the week, benchmark indices zoomed towards the end of the session, closing higher for the first time this week.  Sensex advanced 344.63 points while Nifty gained 116.25 points at the close. 

Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL were some of the top gaining stocks, trading over 2 per cent higher, each. The shares of HDFC Bank were also on a buzz ahead of their Q1FY23 earnings expected to be declared coming weekend. Meanwhile, Adani Enterprises made a record high price of Rs 2,422.75, gaining due to a healthy outlook. 

Sectorally, the auto index was most active as it gained beyond 2 per cent whereas capital goods and FMCG indices also performed well climbing over 1 per cent, each.  In the broader market, the BSE MidCap index ended 0.85 per cent higher, lifted by IDBI Bank, TVS Motors, BEL, Cummins India, and Cholamandalam Finance while the BSE SmallCap index also gained 0.5 per cent.

Watch out for these stocks for Monday's trading session: 

Cipla - The company announced that its subsidiary, Cipla Health has signed definitive agreements to acquire Endura Mass, a nutritional supplement brand in the weight gain category from Medinnbelle Herbalcare Private Limited. Endura Mass has a legacy of over 20 years in providing solutions for consumers actively looking to gain weight. Endura and all other associated trademarks would be part of the acquisition. In the second half of Friday’s session, the shares of Cipla traded 1.48 per cent higher.  

Tata Elxsi - The shares of Tata Elxsi traded more than 3 per cent up in a positive but volatile market on Friday. The company clocked a robust 63 per cent year-on-year growth in profit, which was recorded at Rs 184.7 crore for the quarter ended June 2022 on substantial operating profit and topline growth. Revenues from operations stood at Rs 725.9 crore, improving by 30 per cent on a  YoY basis while EBITDA increased 58.8 per cent on a YoY basis to Rs 238.2 crore in Q1FY23. 

Bharti Airtel - The shares of Bharti Airtel surged nearly 2 per cent on Friday post the company's announcement regarding the allotment of 7.11 crore shares to Google on a preferential basis. Post the allotment, Google will hold about 1.20 per cent of the total post-issue equity shares of the company and about 1.17 per cent on a fully-diluted basis. Google is disbursing Rs 5,224 crore for the stake and also, owns a 7.73 per cent stake in Jio Platforms, which runs Jio – a direct competitor of Bharti Airtel. 

Angel One - In a bullish market today, the shares of Angel One plunged more than 3 per cent post reporting Q1FY23 results. Angel One has reported a healthy 46.5 per cent year-on-year growth in consolidated profit at Rs 181.50 crore for Q1FY23, supported by a strong topline. Its revenue zoomed 45 per cent on a YoY basis to Rs 669.8 crore in Q1FY23 with robust growth in fees & commission income along with interest income.