Overnight Digest: Watch out for these stocks on Tuesday, December 7!
The markets closed down by nearly 950 points even as the broader markets outperformed.
Following stocks should be watched out for on December 07:
- 52 Week Highs: The shares of GSK Pharma, Vimta Labs, Kabra Extrusions, JBM Auto, MBL Infra and Talbros Auto are some of the stocks that made fresh 52-week highs on Monday when Sensex tanked by ~1000 points on closing basis. These stocks will be viewed positively on Tuesday.
- Texmo Pipes: The shares of Texmo Pipes and Products gave a multi-year breakout on Monday. The shares jumped higher by ~10 per cent with spurt in volume. Buyers lock on a weak day for Texmo Tubes indicates the bullish bias in the counter. The shares of Texmo Pipes will be in focus on Tuesday.
- Upper Circuit Stocks: The shares of Poonawalla Fincorp, Brighcom Group, TTML, Goldstone Technology, Uni Info Telecom and Jain Irrigation were locked in the upper circuit on Monday. These stocks will be in focus on Tuesday.
- HFCL: The shares of HFCL gained by ~10 per cent on Monday while also locking in the upper circuit. The price volume breakout in HFCL shares may attract buyers on Tuesday.
- Textile Stocks: The share of Indocount Industries and Trident were seen outperforming the markets on Monday when BSE Sensex tanked by nearly 1000 points. Both Indocount Industries shares, and Trident shares will be on investors watchlist on Tuesday.
- Privi Specialty Chemicals: The shares of Privy Specialty Chemicals gained by more than 11 per cent on Monday. The share price of Privi Specialty Chemicals gained with a spurt in volume indicating strength in the price momentum. Privi Specialty Chemicals shares also managed to saw a simple moving average crossover of 9D SMA over 20D SMA suggesting bullishness in the near term.