Overnight Digest: Stocks to keep an eye on November 1

Keep these stocks on your radar for Tuesday's trading session.

The domestic equity indices cheered on Monday, ending decently higher and Nifty regaining its 18,000 mark.  

UltraTech Cement, Eicher Motors, M&M, HDFC and Sun Pharma were among the top Nifty gainers, while losers included Apollo Hospitals, Dr Reddy’s Labs, NTPC, IndusInd Bank and Britannia Industries. At the close, Sensex was up 786.74 points or 1.31 per cent at 60,746.59 level while Nifty was up 225.40 points or 1.27 per cent at 18,012.20 level. 

Keep these stocks on your radar for Tuesday's trading session - 

Motherson Sumi Wiring India - The shares of Motherson Sumi Wiring India rallied more than 5 per cent on Monday. The company has posted 12.8 per cent fall in its Q2FY23 net profit, standing at Rs 116.4 crore versus Rs 133.5 crore against Q1FY22 and revenue improved 31.1 per cent at Rs 1,835.2 crore versus Rs 1,400 crore on a YoY basis. 

Cement Shares - In Monday's trading session, the shares of cement companies were seen trading strong, rising 4 per cent, owing to expected demand recovery post monsoon and during the next fiscal (FY24). Among the cement stocks, UltraTech Cement, Ambuja Cements, Shree Cement, JK Cement, Dalmia Bharat, India Cements, ACC and Ramco Cements surged higher between 2 per cent to 4 per cent on the BSE. 

Bandhan Bank - On a strong day for markets today, the shares of Bandhan Bank have heavily underperformed, rattling 10 per cent lower to Rs 244.5 per share. Net interest income (NII) improved 13.3 per cent on a year-on-year (YoY) basis but declined 12.8 per cent on a quarter-on-quarter (QoQ) basis to Rs 2,193 crore, owing to fall in margins. Provisions grew to Rs 1,279 crore while net profit squeezed down 76.4 per cent on a QoQ basis and 30 per cent on a YoY basis to Rs 209 crore.  

Price Volume Breakout Stocks - The stocks which showed a price volume breakout on a decently green day for the market included FSN E-commerce Ventures, VIP Industries, Max Healthcare Institute, Metro Brands and E.I.D Parry India. The shares of FSN E-commerce leaped attractively settling 20 per cent higher after the company revised the record date for the issuance of bonus shares (5:1) from November 3, 2022 to November 11, 2022.