Overnight Digest: Keep these stocks on your radar for January 24

Weak sentiments from global markets due to continuous inflationary worries and weaker earnings also contributed to the selling pressure.

The ongoing selling by FIIs and weak Indian rupee led the domestic market to continue surrendering its gains, with all major sectors trading under pressure. 

Most of the sectoral indices except the FMCG index ended in the red on a big earnings day of Reliance Industries which helped indices recoup losses for the day in late afternoon trade.

Keep a watch on these stocks for Monday's trading session:

Birla Corporation - The company announced the inauguration of the integrated cement plant of RCCPL, a wholly-owned subsidiary of Birla Corporation Limited at Mukutban, taking group capacity to 20 million tons. Set up at an investment of Rs 2,744 crore it is the largest greenfield investment by the company in the history of the group, taking its cement business to 20 million tons annually. The plant is going to be one of the most advanced cement factories in India, in terms of technology and efficiency parameters.

Polycab India - The company’s Q3 net profit was up at Rs 316.1 crore versus Rs 263.6 crore and revenue was up 22.8 per cent at Rs 3,372 crore versus Rs 2,746.3 crore, YoY. Earnings before interest, tax, depreciation and amortizations (EBITDA) was up 3.3 per cent at Rs 361.6 crore versus Rs 350 crore and the margin was down at 10.7 per cent versus 12.7 per cent, YoY. The share closed 6.4 per cent lower in Friday's trading session, ending the week on a negative note.

Laurus Labs - The company announced that it has signed an agreement with MPP (Medicine Patient Pool) for the manufacturing of the oral COVID-19 antiviral medication Molnupiravir. The share was quoting 0.72 per cent at the end of the trading session on Friday.