Overnight Digest: Stocks likely to be in focus on July 20

Keep an eye on these stocks for Wednesday's trading session.

Recording gains in PSU and select private banks, financial services, and select heavyweight stocks, the benchmark indices closed higher rising towards the end of Tuesday's trading session. Sensex was up 246.47 points or 0.45 per cent at 54,767.62 level whereas Nifty gained 62 points or 0.38 per cent at 16,340.50 level. 

On the sector front, a mixed trend was witnessed, where realty, auto, and PSU banks emerged as Top Gainers. On the other hand, IT, pharma, and FMCG were the Top Losers. The broader indices outperformed and ended higher between 0.7 to 1.1 per cent.

Keep an eye on these stocks for Wednesday's trading session:

Mindtree - The shares of Mindtree traded more than 2 per cent up in Tuesday's trading session. The company announced that it has partnered with Rubrik, the Zero Trust Data Security™ Company, to launch a unified cyber-recovery platform named MINDTREE VAULT. The platform combines Mindtree’s program management, cloud, data, and cybersecurity capabilities, best practices, and accelerators, with Rubrik’s data resilience, observability, and recovery capabilities.

Tube Investments of India - After the acquisition of lPL Tech Electric Private Limited (IPLT) in an all-cash consideration of up to Rs 246 crore towards the purchase and subscription of fresh equity shares, the shares of Tube Investments of India soared up to 4 per cent on Tuesday. lPLT is a startup engaged in the manufacturing and sale of heavy electric commercial vehicles. The company's stepping into 3W electric manufacturing will mark the group’s foray into automobile manufacturing from an ancillary player.

Delhivery - The shares of Delhivery zoomed 7 per cent to Rs 635 per share in Tuesday’s trading session which was its highest level since its listing on May 24, 2022. The shares of Delhivery have zoomed 36 per cent in the past month outperforming BSE Sensex. On the daily charts, for the past few trading sessions, the stock is trading in a sideways direction. Meanwhile, the MACD and RSI indicators are showing a bullish trend. Hence, keep a watch on this stock for upcoming trading sessions. 

Polycab India - In a volatile market today, the shares of Polycab India surged more than 4 per cent. The company declared Quarterly Results for Q1FY23 which showed that consolidated net profit stood at Rs 219.7 crore compared to Rs 72.4 crore on a YoY basis. Consolidated revenue zoomed 47.5 per cent reporting at Rs 2,736.5 crore versus Rs 1,855.2 crore on a YoY basis. Consolidated EBITDA was recorded at Rs 311 crore whereas EBITDA margins expanded to 11.4 per cent from 7.2 per cent.