Overnight Digest: Watch out for these stocks on September 30
Keep an eye on these stocks for Friday's trading session.
The weakening global economic environment has spiked up the bond yields and dollar index, which fostered fears of recession. Fading the morning losses, the benchmark indices ended marginally lower with Nifty 50 closing 0.24 per cent down and Sensex ending lower by 0.33 per cent.
Asian Paints, Tech Mahindra, Hero MotoCorp, Bajaj Auto, and Titan Company were among the Top Losers on Nifty. However, the gainers included ONGC, ITC, Apollo Hospitals, Hindalco Industries, and HDFC Life. On the sectoral front, the power index slipped 1.3 per cent while FMCG, metal & pharma indices rose a per cent each.
Keep an eye on these stocks for Friday's trading session -
Go Fashion (India) - The shares of Go Fashion (India) touched a record high price of Rs 1,373.90 per share. It jumped 6 per cent on an intraday basis. The current market price has almost doubled the issue price on its debut made on November 30, 2021. On the daily chart, the MACD indicator has given a bullish crossover while the RSI is on the verge of a positive breakout. Hence, this stock can strongly be in focus for the upcoming trading sessions.
Anupam Rasayan - Anupam Rasayan India opened its qualified institutional placement issue on September 28 after the approval of the preliminary placement document. The floor price has been fixed at Rs 762.88 per share and may offer a discount of up to 5 per cent on the floor price. The shares of Anupam Rasayan tumbled more than a per cent towards the end of Thursday's trading session.
Lupin - Post-market hours, the company announced that it has received approval from USFDA for its abbreviated new drug application (ANDA), Mirabegron extended-release tablets, 25 mg & 50 mg, to market a generic equivalent of Myrbetriq® extended-release tablets, 25 mg and 50 mg, of Astellas Pharma Global Development, Inc. Mirabegron is a medicine, which eases the symptoms of overactive bladder. Its shares closed the trading session 2.46 per cent lower thereby, underperforming the benchmark indices.
FSN E-commerce - The shares of FSN E-commerce, operating under the brand Nykaa, advanced 6 per cent to Rs 1,350 during Thursday’s intraday trade. Positive sentiments were infused after the company announced that its board will meet on October 3 to consider a maiden bonus issue. Nykaa is engaged in the business of manufacturing as well as selling beauty, wellness & fashion products across websites, mobile apps, and over a hundred offline stores. The shares of Nykaa have been continuously trading below the key moving averages for the past couple of trading sessions and are likely to be in focus on Friday.