Overnight Digest: Stocks to keep on your radar for January 21
On Thursday, continued concerns over global inflation and predicted hike in Fed rates acted as the major triggers for the domestic market to fall for the third consecutive day.
Powergrid Corporation, Bharati Airtel, Asian Paints, Maruti Suzuki and Ultratech Cement were top Sensex gainers whereas Bajaj Finserv, Infosys, TCS, Sun pharmaceutical Industries and HUL were the top Sensex losers.
Keep a watch on these stocks for Friday's trading session:
HCL Technologies - The company has expanded its strategic transformation partnership with ams OSRAM to digitize one of the optical solutions leader’s key business processes and drive enterprise resource planning and customer relationship management systems standardization across the organization. HCL will also continue to lead IT infrastructure operations integration for the client. The share has closed 1.97 per cent lower in Thursday's trading session.
Asian Paints - On Thursday, the company declared quarterly results for Q3FY22. It reported a consolidated profit after tax (PAT) of Rs 1,016 crore for the quarter ended December 2021, down 18 per cent from Rs 1,238 crore in the year-ago quarter. The profit grew 70 per cent from Rs 596 crore in the previous quarter.
The consolidated revenue was 26 per cent higher at Rs 8,527 crore from Rs 6,788 crore in Q3FY21. The share closed flat 0.81 per cent up on Thursday.
Max Healthcare Institute - The company announced that it has entered into a long-term services agreement with Muthoot Hospitals Private Limited (MHPL) for operations and management (O&M) of 300+ beds hospital being constructed and developed at Sector 10 Dwarka, New Delhi. This is the First Phase Hospital on 8.62 acres of land and has the potential to add another 1000+ beds in due course of time. The current arrangement is, however, restricted to First Phase Hospital only.
Upper Circuit stocks - From BSE 500 index, Trident & Suzlon is locked in the upper circuit despite a red day for equity markets.