Overnight Digest: Stocks to keep an eye on February 06!
Watch out for these large-cap stocks in Monday’s trading session!
The Indian benchmark indices finished the week significantly higher, thanks to robust gains in consumer durables, financial services and banking stocks. BSE Power and BSE Utilities continued to be the worst performers, pulled down by shares of Adani Green Energy and Adani Transmission. The BSE Sensex climbed 1.52 per cent to 60,841 level at the close. The Nifty 50 index gained 1.38 per cent to a level of 17,854.
Watch out for these Large-Cap stocks in Monday’s trading session -
Adani Ports and Special Economic Zone - The company reported handling 27.6 MMT of total cargo in January 2023, a growth of 11 per cent year-on-year. After a sharp decline in recent sessions, shares soared about 8 per cent on Friday, leading the BSE Largecap index.
Titan Company Ltd - With gains of more than 2 per cent, BSE Consumer Durables emerged as the best performing sector, led by Titan. Shares of Titan Company Ltd ended the session 6.87 per cent higher, surprising investors despite a decline in net profit in the December quarter.
Divi's Laboratories - Shares plunged more than 11 per cent and hit a 52-week low after the pharmaceutical company reported a 66 per cent decline in net profit year-on-year. Over the past month, shares have fallen by more than 33 per cent.
Bank of Baroda - For Q3FY23, the bank reported its highest-ever quarterly net profit of Rs 3,853 crore, a growth of over 75 per cent year-on-year. Shares surged over 6 per cent with a surge in volume.
Keep a close eye on these stocks for the upcoming sessions!