Overnight Digest: Watch out for these stocks on November 12

On Thursday, the equity markets traded in red following mixed Asian market cues and higher than expected inflation data reported in the US raising concerns of a hike in interest rates.

IOC, Tech Mahindra, SBI, ONGC and SBI Life Insurance were among the major Nifty losers, while gainers were Titan Company, Hindalco Industries, JSW Steel, M&M and Reliance Industries.

Keep a watch on these stocks for Friday's trading session.

Pidilite Industries - In a bearish market on Thursday, the stock has advanced 4.46% at the end of the trading session. The stock is on the verge of a positive breakout in RSI and has also traded forming a long green candle in Thursday's trading session. The company declared a robust set of numbers for Q2FY22. Net sales zoomed by 39.67 per cent whereas Net Profit was up by 5.11 per cent recording at Rs. 374.65 crore in Q2FY22 as compared to Rs. 356.42 crore earned in Q2FY21.

Minda Industries - The company declared its quarterly results for Q2FY22. The consolidated revenue rose by 30 per cent on a YoY basis whereas consolidated PAT grew by 10 per cent YoY. The consolidated EBITDA remained stable at Rs 238 crore as compared to the corresponding quarter in the previous year. With the demand uptick in key markets, a good crop season and expected easing off of the COVID-19 and semi-conductor situation globally, the company is confident that the uptrend in its growth trajectory will resume.

Larsen & Toubro - The stock registered a quite volatile performance in Thursday's trading session. It was the only stock recording a fresh 52-week high price in the Sensex pack but ended 0.82 per cent lower. Keep a watch on this stock on Friday.