Overnight Digest: Stocks to keep on your radar for January 19

The domestic indices witnessed a highly volatile trade post the press conference by the Finance Minister on Tuesday

On Tuesday, the benchmark index witnessed a profit booking after a continued upside move and Nifty 50 has rebounded almost 1 per cent from the day's high to close at the 18113.05 level. 

The domestic indices witnessed a highly volatile trade post the press conference by the Finance Minister on Tuesday. Additionally, a surge in oil prices and FIIs turning net sellers also added to the volatility in the domestic market.

All the sectoral indices ended in red with auto, IT, capital goods, metal, realty, pharma and FMCG down 1-2 per cent. BSE midcap and smallcap indices are down 1-2 per cent.

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

ICICI Securities - The company declared financial results for Q3FY22. On a YoY basis, consolidated net profit jumped 42.4 per cent at Rs 380.3 crore against Rs 267 crore. Consolidated revenue was up 51.8 per cent at Rs 941.6 crore against Rs 620.1 crore reported in Q3FY21. Consolidated EBITDA gained 53.2 per cent standing at Rs 608.3 crore against Rs 397 crore on YoY basis. Consolidated EBITDA margin at 64.6 per cent against 64 per cent on a YoY basis. The stock ended Tuesday's trading session on a flat note.

Nazara Technologies - The company announced that it has entered an agreement to acquire a 55 per cent stake in programmatic advertising and monetization company Datawrkz valuing the company up to Rs 225 crore linked to CY22 EBITDA performance. Nazara will acquire a 33 per cent stake (Rs 60 crore payable of which Rs 35 crore is partly payable in cash and the balance consideration of Rs 25 crore will be paid either in cash or swap of shares) in the first tranche by April 22. The stock has ended 2.7 per cent lower on Tuesday.

Ambuja Cements- The share has plunged beyond 6 per cent in Tuesday's trading session. After trading in a comfortable and upward direction for previous trading sessions, the stock has given a substantial decline on Tuesday. The stock was trading with a positive RSI in Monday's trading session whereas on Tuesday it has dipped sharply. Keep a watch on this stock for Wednesday's trading session.