Overnight Digest: Stocks to be watched on July 29

Overnight Digest: Stocks to be watched on July 29

Shreya Chaware
/ Categories: Trending, Mindshare

Keep an eye on these stocks for Friday's trading session

On Thursday, the bulls took charge of the Indian equity markets after the US Federal Reserve's (US Fed) chairman Jerome Powell hinted at an eventual slowdown of rate hikes once inflation peaks out. 

At the close, BSE Sensex soared over 1,000 points while the Nifty50 climbed above the 16,900-mark. Surging around 9 per cent, the index heavyweights, Bajaj Finance and Bajaj Finserv pushed up the performance of Sensex.

On the sectoral front, the IT, Metal, and Realty indices gained up to 2 per cent. The broader markets also traded firmly. 

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

Hindustan AeronauticsHindustan Aeronautics (HAL) has signed a contract worth over USD 100 million with Honeywell for HTT-40 Engines. The company will supply and manufacture 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40). The shares of HAL shot up more than 4 per cent on an intraday basis on Thursday. 

Bajaj FinservThe shares of Bajaj Finserv advanced 10 per cent to Rs 14,579.95 level in Thursday’s intra-day trade post announcement by the company’s board regarding approval of the 1:1 bonus issue and 1:5 stock split. In the past three trading sessions, the stock gained 16 per cent after the company announced its plan for a stock split or bonus issue. 

Welspun India - Welspun India has reported an 11.6 per cent year-on-year decline in consolidated revenue at Rs 1,957.3 crore for the Q1FY23, impacted by the home textile business but the flooring business had fared better. Profit fell sharply by 90.4 per cent to Rs 21.36 crore on weak operating performance at the home textile business. In a bullish market, the shares of Welspun India plunged up to 2.8 per cent. 

Tata SteelThe shares of Tata Steel zoomed 5 per cent to Rs 100.45 in Thursday’s trading session after the stock turned ex-date for subdivision of shares in a ratio of 1:10. On May 03, the board of directors of Tata Steel had approved a proposal of sub-division of the equity shares of the company having a face value of Rs 10 each to Rs 1. Keep an eye on this stock for upcoming trading sessions. 

Previous Article Do you own this multibagger stock that rallied 8 per cent on July 28?
Next Article Shares below Rs 10: This multibagger textile stock delivered 127 per cent returns in just one month!
Rate this article:
4.6

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR