Overnight Digest: Stocks to be kept an eye on June 3
Deep Industries, Adani Transmission and Gas, Reliance Industries, Aegis Logistics and Panama Petrochem were the top gaining energy stocks at the close of Thursday's trading session.
The benchmark indices closed Thursday's trading session on a positive note with Sensex gaining 436.94 points or 0.79 per cent at the 55818.11 level, and the Nifty adding 105.20 points or 0.64 per cent at 16628 level. Reliance zoomed 3 per cent to settle at a one-month high, thus contributing 68 points to the Nifty gains. Market gains were kept in check with HDFC, HDFC Bank and ICICI Bank qualifying as the main losers.
In the broader markets, the midcap index ended flat closing 0.037 per cent lower while the small-cap index closed with gains of 0.6 per cent. On the sectoral front, oil & gas index closed higher while selling was seen in auto and capital goods stocks. BSE Energy Index and BSE Oil & Gas index gained 2.33 per cent and 2.14 per cent, respectively. Deep Industries, Adani Transmission and Gas, Reliance Industries, Aegis Logistics and Panama Petrochem were the top gaining energy stocks at the close of Thursday's trading session.
Keep an eye on these stocks for Friday's session :
Fine Organic Industries - The shares of Fine Organic Industries touched a new high at Rs 5,523, zooming 8 per cent in Thursday’s trading session in an otherwise weak market. In the past four trading sessions, the stock has jumped 34.7 per cent on reporting strong Q4FY22 earnings, with consolidated PAT growing almost four-fold to Rs 121.7 crore as compared with a PAT of Rs 31.8 crore in Q4FY21. The EBITDA and EBITDA margins also improved attractively due to shift in the product mix towards high-margin value-added products, new customers, and new approvals in Q4.
Coforge - Prior to the start of Thursday's trading session, the company announced that it has partnered with Sysdig, the unified cloud and container security leader, to enable customer success in the new multi-cloud environment by offering visibility across cloud & container workloads from source to run. With Sysdig, Coforge provides container services to help organizations reduce risk and deliver reliable cloud applications by addressing the essential security use cases of running Kubernetes and containers in multi-cloud production environments. The share gained up to 1.29 per cent in Thursday's trading session.
Delhivery - The stock of Delhivery soared 15 per cent in Thursday's trading session after global brokerage house, Credit Suisse initiated a outperform rating for the stock. The rating was on the back of positive industry structure, structural growth poised for the company in the e-commerce sector and some leverage in terms of scale. Considering today's movement, the stock has gained 18.6 per cent in the last three trading sessions. Currently, the stock is trading 27 per cent higher than its issue price.
Hero MotoCorp - Shares of Hero MotoCorp slipped 4.3 per cent in first hour of the trading session on Thursday post deferment of the launch of its first electric two-wheeler on account of supply constraints amid geopolitical tensions. The company had earlier announced that its EV, under the 'Vida' brand, would be launched in July. It traded in red throughout the Thursday's trading session and ended 3.36 per cent lower.