Overnight Digest: Stocks to keep an eye on November 9
Watch out for these stocks for Wednesday's trading session.
Amid the battle between bulls and bears, the benchmark indices finally ended the trading session in positive territory.
The selling sentiment in pharma stocks was balanced by a buying in PSU banks, auto and metal stocks. The PSU banks were in focus as they rallied owing to the major companies in the sector announcing solid results.
At the close, Sensex was up 234.79 points or 0.39 per cent at 61,185.15 whereas Nifty was up 82.60 points or 0.46 per cent at 18,199.80 level. About 1994 shares advanced, 1465 shares declined and 185 shares were unchanged.
Watch out for these stocks for Wednesday's trading session -
Britannia Industries - In a volatile market today, the stock has caught investors' attention soaring up to 10 per cent on an intraday basis. The upward momentum in stock price today led Britannia to enter Rs 1 trillion market capitalization (m-cap) club. The company has reported robust results for Q2FY23. Britannia’s consolidated sales advanced 22 per cent on a YoY basis. The net profit jumped 30 per cent on a YoY basis standing at Rs 660 crore.
Tata Motors - The shares of Tata Motors ended 2.27 per cent up in Monday's trading session. The company today rolled-out its 50000th EV, from its Pune facility. Favorable policy environment, positive word of mouth from existing customers, practical product options, better ride and handling and attractive cost of ownership aided the company in beating the target.
KPR Mills - The shares of KPR Mills tumbled up to 3 per cent on an intraday basis on posting weak Quarterly Results for Q2FY23. Net profit went down 16.1 per cent at Rs 203.3 crore as compared to Rs 242.2 crore. EBITDA contracted 7.1 per cent at Rs 317.4 crore as compared to Rs 341.6 crore on a YoY basis and margins squeezed to 26 per cent from 28.5 per cent on a YoY basis. On the other hand, revenue marginally grew 1.7 per cent reporting at Rs 1,220.
Price Volume Breakout Stocks - The stocks which saw a price volume breakout stocks in Monday's trading session included JM Financial, Finolex Industries, Jindal Stainless, Union Bank of India and Amara Raja Batteries.