Overnight Digest: Stocks to keep an eye on October 31
Watch out for these stocks in Monday’s trading session!
In spite of a global downturn, Indian benchmark indices opened strongly on Friday. Markets were boosted by auto, energy and oil & gas sector stocks, while BSE Metals had the worst performance.
At 3.30 pm, BSE Sensex gained 0.34 per cent, reaching a level of 59,959. Nifty 50 index advanced 0.28 per cent to 17,786 level. On Sensex, Maruti Suzuki, Reliance Industries and NTPC Ltd were the Top Gainers while Tata Steel, Tech Mahindra and Sun Pharmaceuticals were the Top Losers.
Watch out for these stocks in Monday’s trading session -
Maruti Suzuki- After posting strong quarter earnings, shares of the country's largest automaker soared almost 5 per cent to a new 52-week high, making it the top Sensex gainer. It recorded a whopping 334 per cent year-on-year increase in its standalone net profit for the September quarter.
Vedanta Ltd- At its meeting today, the board of directors of the company approved expanding the rolled product capacity at Bharat Aluminium Company (Balco) from its current level of 50 KTPA to 180 KTPA at a revised cost of Rs 595 crore and increasing the capacity of Balco's smelter from its current level of 580 KTPA to 994 KTPA by way of an expansion project of a 414 KTPA smelter with an improved VAP portfolio, at a revised cost of Rs 8,094 crore.
Indus Towers Ltd- The company today released its audited consolidated results for the second quarter, reporting consolidated revenue of Rs 7,967 crore for the quarter, up 16 per cent year-on-year. Additionally, the company approved raising funds by issuing non-convertible debentures up to Rs 2,000 crore in one or more tranches on a private placement basis.