Overnight Digest: Stocks to be watched on February 09
Tata Steel, Bajaj Finance, Divis Labs, Reliance Industries and Bajaj Finserv were the top Nifty gainers, while losers were ONGC, Power Grid Corporation, IOC, SBI Life Insurance and Tata Consumer Products.
On Tuesday, equity benchmark indices broke the three-day losing streak and ended in green in the highly volatile session before the RBI policy outcome scheduled later in the current week.Sensex was up 0.33 per cent whereas Nifty was 0.31 per cent higher.
On the sectoral front, apart from auto, metal, pharma, PSU bank, the other sectoral indices ended in the negative territory. In the broader markets, BSE smallcap and Midcap indices lost 0.45-1.4 per cent.
Keep a watch on these stocks for Wednesday's trading session:
HFCL - HFCL has announced the signing of a distribution agreement with Ingram Micro India Private Limited (Ingram Micro), which has a distribution network having a far-reaching presence in India and SAARC countries. Ingram Micro is renowned for supporting and enhancing the reach of technology solutions for maximizing its adoption and consumption. The share of HFCL traded volatile on Tuesday and closed 0.8 per cent lower on BSE.
TVS Motor Company - The company's share opened substantially higher in Tuesday's trading session and traded in the green in an otherwise volatile market. The company reported the highest-ever operating revenue of Rs 5,706 crore during the quarter as against Rs 5,391 crore in the corresponding quarter of the previous fiscal. Profit after tax (PAT) grew 9 per cent year-on-year to Rs 288 crore from Rs 266 crore reported in the previous year quarter.
Biocon - In Tuesday's trading session, shares of the company touched a six-month high price of Rs 410.50, up 3 per cent on the BSE after its subsidiary Biocon Pharma received approval of its ANDA for Posaconazole Delayed-Release tablets from the US Food & Drug Administration (USFDA). The product is indicated for use in the prevention of certain fungal infections in patients with severely weakened immune systems and is available in 100 mg strength. The stock traded at its highest price since July 20, 2021, and has outperformed the market in the last 3 weeks.
52-week high stocks - From the BSE 500 index, stocks of Bank of Baroda, Elgi Equipments, Gujarat Narmada Valley Fertilisers & Chemicals, Jindal Stainless and SIS made fresh 52-week high price on Tuesday.