Overnight Digest: Stocks likely to be in focus on August 11
Watch out for these stocks for Thursday's trading session.
On Wednesday, the benchmark Indices closed flat amid volatility. Strong buying is seen in capital goods and metal stocks while IT stocks were under selling pressure today.
Hindalco Industries, UPL, Apollo Hospitals, Coal India and Tata Steel were among the major Nifty gainers. The losers included Bajaj Finance, NTPC, ONGC, HCL Technologies and Adani Ports.
Watch out for these stocks for Thursday's trading session -
Siemens - Bearing a strong order book as per June quarter results, the shares of Siemens hit a new high of Rs 2,845.75 during Wednesday's trading session. The shares of Siemens have gained around 7 per cent in the past seven trading sessions. Along with this sharp surge, Siemens has entered the elite club of companies with a market capitalisation of over Rs 1 lakh crore.
Eveready Industries: The shares of Eveready Industries jumped more than 5 per cent with a spurt in volume on August 10. Its shares may attract buyers in the coming session, owing to the price volume breakout on Wednesday.
SME stocks: The shares of Gensol Engineering, Kotyark Industries, Jayant Infratech, Cool Caps Industries, and Inflame Appliances were seen making a fresh all-time high on Wednesday. These shares may remain in demand in the coming sessions.
Tinna Rubber and Infrastructure: The shares of Tinna Rubber gained more than 8 per cent during Wednesday's trading session, making a fresh all-time high for itself. Heavy buying in Tinna Rubber has pushed the stock higher by 63 per cent in one month alone. Keep this stock on the watchlist for Thursday’s trading session.
Tata Chemicals: After beating market estimates in Q1 results, the shares of Tata Chemicals jumped more than 10 per cent during Wednesday's trading session. It will be interesting to see whether follow-up buying happens in Tata Chemicals or profit booking. Keep an eye on Tata Chemicals for Thursday's trading session.
Delhivery - The shares of Delhivery dipped 6 per cent after reporting results for the quarter ended June 2022. The company's consolidated net loss widened to Rs 399 crore as compared to a loss of Rs 129.6 crore in the same quarter last year. The company's revenue rose by over 32 per cent to Rs 1,745.7 crore from Rs 1,317.7 crore on a YoY basis.