Overnight digest: Keep a close watch on these stocks for August 26
The domestic benchmark indices have portrayed a mixed performance in Wednesday's trading session. In the broader markets, BSE Midcap and Smallcap indices gained 0.5 per cent each. Oil & gas along with power stocks experienced a rally on Wednesday.
The following stocks are likely to be in focus for Thursday's trading session:
Minda Industries: Just a few minutes before the closure of Wednesday's trading session, an announcement regarding upgradation of the long-term rating of Minda Industries at AA+ from AA by ICRA is likely to bring the stock in focus on Thursday. The upgradation was made on the back of the long-term rating being stable. On Wednesday, the share of Minda Industries has gained 1.08 per cent and closed at Rs 730 per share.
Cipla: Cipla and Kemwell Biopharma have joined hands to develop, manufacture and commercialise biosimilars for the global markets. Cipla's aim through this joint venture is to enter the respiratory biosimilars space. The stock has contracted 0.83 per cent in Wednesday's trading session and is likely to be watched in Thursday's trading session regarding the impact of this announcement made in the last few minutes of the trading session.
52-week high stocks: Continuing the previous session's trend, Bajaj Finserv, Bajaj Finance, Nestle India, TCS, and Tech Mahindra have once again crossed the 52-week high mark and induced investors to shift their focus on them.
Oil & gas stocks: On Wednesday, witnessing positive bias from the investors, the BSE Oil & Gas index was the top gaining index among the sectoral indices. Adani Total Gas, Hindustan Petroleum, ONGC, BPCL, Reliance Industries, and IOC were the top gaining stocks within the oil & gas sector. Keep a watch on them in Thursday's trading session.
Price Volume Gainers: Adani Ports, General Insurance Corporation Of India, and HDFC Life were some of the top price volume gainers within the large-cap space. These stocks should be on your radar for Thursday's trading session.