Overnight Digest: Stocks to keep on your radar for January 18

On Monday, Indian markets started the week on a marginally positive note, tracking mixed Asian market peers and also ended the choppy session with marginal gains supported by the auto, realty and power names. 

At the close, Sensex was 0.14 per cent up whereas Nifty was 0.29 per cent up. The BSE midcap and smallcap indices also ended higher. Hero MotoCorp, Grasim Industries, ONGC, Tata Motors and UltraTech Cement were the top Nifty gainers. Losers were HCL Technologies, HDFC Bank, Britannia Industries, Axis Bank and Cipla.

Keep a watch on these stocks for Tuesday's trading session:

Maruti Suzuki - The company has increased the prices of its models by up to 4.3 per cent with immediate effect to partially offset the impact of the rise in input costs. The company has enhanced prices across its models in the range of 0.1 per cent to 4.3 per cent owing to an increase in various input costs. 

On Monday, the company also announced the launch of the CNG variant of stylish and urban All-New Celerio. The introduction of the All-New Celerio with S-CNG technology is aligned with the company’s commitment to further strengthen its growing green vehicles portfolio in India. Maruti Suzuki India touched a 52-week high of Rs 8,368.90 during Monday's trading session and was quoting at Rs 8,259.90, up 2.23 per cent on the BSE.

UltraTech Cement - The company announced financial results for the quarter ended December 31, 2021. The company reported a consolidated profit after tax (PAT) of Rs 1,708 crore for Q3FY22, up 7.8 per cent from Rs 1,584 crore in the year-ago period. PAT during the previous quarter was Rs 1,314 crore. Consolidated revenue met expectations and came in higher by 6 per cent at Rs 12,985 crore against Rs 12,254 crore in December 2020 quarter and Rs 12,017 crore in the previous three-month period. The share was trading flat for the first half of the trading session whereas post announcement of the quarterly results the share traded almost 3 per cent higher and ended 2.66 per cent up in Monday's trading session.

Rajesh Exports - The stock has delighted the equity markets by gaining 9.8 per cent in Monday's trading session. The stock has recorded a decent rise in volume traded for Monday's trading session. The stock has broken the current resistance level and is also trading with positive RSI and MACD indicators. Keep a close eye on this stock for coming trading sessions.

Upper Circuit stocks - From BSE 500 index, Trident has locked in the upper circuit in Monday's trading session and is likely to be in focus on Tuesday.