Overnight Digest: Stocks to keep an eye on November 18
Watch out for these stocks in Friday's trading session
Trading range bound for majority of today's trading session, the equity benchmark indices lowered towards the end of the trading session owing to selling pressure in auto, IT and HDFC twins.
Sensex closed 247.10 points lower or 0.40 per cent at 61,733. Nifty ended 76.30 points lower at 18,333.40. About 1431 shares advanced, 1880 shares declined and 87 shares were unchanged.
Watch out for these stocks in Friday's trading session -
Timken India - The shares of Timken India zoomed 20 per cent to Rs 3,210 per share post. The company plans to set up a new manufacturing facility at Bharuch, Gujarat, in order to manufacture Spherical Roller Bearings (SRB), Cylindrical Roller Bearings (CRB), and other components. The investment amounts to approximately Rs 600 crore and the expected date of start of commercial production will be in January 2025.
Equitas Small Finance Bank - The bank has received an intimation from RBI on November 16, 2022, that it has granted its approval to M/s DSP Investment Managers Private Ltd (DSPIM) to acquire up to 9.99 per cent of the paid-up equity capital of the Bank through the schemes of DSP Mutual Fund (DSPMF). The shares jumped beyond 5 per cent on an intraday basis.
UPL - UPL acquires 20 per cent stake in Brazil-based soy genetics company SEEDCORP|HO for $42.3 million. The acquisition of stake is part of UPL’s purpose to drive collaboration to offer a complete package of solutions to farmers. It also underscores the UPL's commitment to supporting every stage of the agricultural process, from sowing to post-harvest.
Price Volume Breakout Stocks - In a subdued market today, the stocks which showed a price volume breakout included Union Bank of India, KEI Industries, Welspun Corporation and Suven Pharmaceuticals.