Overnight Digest: Stocks to watch on September 16
Keep an eye on these stocks for Friday's trading session.
Sensex closed 412.96 points or 0.68 per cent, down at 59,934 level while Nifty shed 126.40 points or 0.70 per cent, ending at 17,877.40.
Among sectors, Nifty IT was the top loser with Infosys and Tech Mahindra slipping 3 per cent each. Auto stocks travelled at a fast pace as Maruti Suzuki surged 3.2 per cent. Pharma and realty stocks lost the most, dipping over a per cent each.
Keep an eye on these stocks for Friday's trading session -
Redington India - Redington announced that it has entered into a strategic partnership with Google Cloud India. As a part of this collaboration, it will drive the distribution and adoption of Google Workspace and Google Cloud with SMBs, education and public sector, mid-market, and enterprise segments. Shares of Redington India climbed 3.73 per cent on Thursday.
CEAT - In its annual investor meeting hosted recently to highlight its strategic roadmap, the company aims to double exports revenue to Rs 3500 crore by FY26 from Rs 1800 crore in FY22. The management also emphasized its focus to increase market share across key segments and improve margin & return ratios. This infused an optimistic outlook among investors. The shares of CEAT have locked in a 20 per cent upper circuit in Thursday's trading session, twinkling the investors' eyes.
Aster DM Healthcare - Shares of Aster DM Healthcare traded on a positive note despite a falling market today. The company announced the acquisition of an additional 2 per cent stake in Medcare Hospital LCC, a step-down material subsidiary of the company. Consequent to said acquisition legal shareholding of Aster DM Healthcare FZC in Medcare Hospital LLC shall increase from 73 per cent to 75 per cent and effective (beneficial) shareholding from 85 per cent to 87 per cent. The shares gained up to 2.9 per cent during the trading session.
Price Volume Breakout Stocks - Turning investors' eyes to them, in a declining market, the shares which showed a price volume breakout in Thursday's trading session included Poonawalla Fincorp, Delta Corp, Kalpataru Power Transmission, Avanti Feeds and Max Financial Services.