Overnight Digest: These stocks need to be watched out for on August 03
The Frontline indices and the broader markets were seen trending up with several stocks managing to trade at fresh 52-week highs
Following stocks should be watched on August 03:
Real Estate Stocks: DLF, Godrej Properties and Oberoi Realty managed to trade with huge OI built up on the long side. The positive momentum in real estate will keep these three stocks on investors' and traders' radars on Tuesday.
Kalyani Steel: Kalyani Steel has announced a stellar set of numbers on Tuesday which has pushed the stock price closure to its all-time highs. The stock will be in focus this week and especially on August 03. It will be interesting to notice if there is any delivery-based buying in Kalyani Steel.
Trident: The share price of Trident slipped into the red after several trading sessions of being locked in the upper circuit. The stocks will be on investors' and traders' watchlists.
Edelweiss: The shares of Edelweiss were seen trending up on Monday as the shares closed approximately 5 per cent higher on a closing basis. Edelweiss may trade with optimism on Tuesday.
Cement Stocks: Cement stocks such as Gujarat Ambuja and ACC are trading at record highs and the positive momentum may continue in these cement counters. The closing was extremely positive for Gujarat Ambuja and hence investors can track the stocks with a bullish perspective.