Overnight Digest: Stocks to keep an eye on September 1
Keep an eye on these stocks for Thursday's trading session.
At the time of Tuesday’s closing bell, the markets rallied heavily, reversing all the losses and gaining the highest on the last trading of the month.
At 4 pm, Sensex settled at 59,537.07 level, gaining a whopping 1,564.45 points or 2.70 per cent while Nifty 50 closed at 17,759.30, up by 446.40 points or 2.58 per cent.
On BSE, 220 stocks have hit the upper circuit whereas 20 stocks reached their 52-week low prices today.
In BSE 500 Group, the stocks of ICICI Bank, Adani Total Gas, Bank of Baroda, Federal Bank, Page Industries, Mahindra & Mahindra, ITC, Coal India, and Adani Enterprises have hit their respective 52-week high prices today.
Keep a watch on these stocks for Thursday's trading session –
Central Bank of India: In order to provide loans to MSME borrowers at competitive rates, Central Bank of India has entered into a strategic co-lending partnership with Shapoorji Pallonji Finance Pvt Ltd (SPFPL), subject to compliance with the applicable law(s), including the applicable recommendations published by Reserve Bank of India (RBI). The Central Bank of India and Shapoorji Pallonji Finance Pvt Ltd will increase the size of their respective portfolios as a result of their participation in this co-lending agreement (SPFPL). In accordance with the provisions of the agreement, SPFPL will originate and process MSME priority sector proposals in accordance with jointly-developed credit parameters and eligibility requirements, and Central Bank of India will record 80 per cent of MSME priority sector loans on its books. SPFPL will provide loan account maintenance throughout the duration of the loan. The shares of Central Bank of India closed higher by 0.26 per cent on BSE today.
Hero MotoCorp: Hero MotoCorp, the largest motorcycle & scooter manufacturer in the world, opened the first-ever ‘Xpulse Xperience Centre’ in the country today. The state-of-the-art Xpulse Xperience Centre, situated at Big Rock Dirt Park on the outskirts of Bengaluru, is equipped with specially developed off-road bike training facilities for Xpulse 200 4V owners and enthusiasts. Hero MotoCorp will gradually open more Xpulse Xperience Centres in other cities across the nation. The shares of HML ended 0.57 per cent higher on BSE today.
Mahindra & Mahindra Limited: A brand-new cargo electric three-wheeler called ‘Zor Grand’ has been introduced by Mahindra Electric Mobility Limited (MEML), a member of Mahindra Group. The top-tier Mahindra product is affordably priced with prices starting at Rs 3.60 lakh, ex-showroom Bengaluru. Through strategic memorandums of understanding with top logistic firms like Mahindra Logistics, Magenta EV Solutions, MoEVing, EVnow, Yelo EV, Zyngo, etc., Mahindra has over 12,000 reservations for ‘Zor Grand’. The cutting-edge ‘Zor Grand’ has a five-year/1,50,000-kilometre battery warranty and a NEMO-connected vehicle platform for fleet administration and improved operating efficiency. The scrip ended 2.50 per cent higher, hitting its 52-week high price on BSE today.