Inthe final trading day of 2023, the main stock indices ended the session on a slightly negative note. The Sensex concluded the day at 72,240.26, down by 0.23%, and the Nifty closed at 21,731.40, marking a 0.22% decrease. In contrast, broader indices performed better, with Nifty Midcap rising by 0.8%, and Nifty Smallcap showing a 0.61% surge.
Top-performing stocks included Tata Consumer Product, Tata Motors, and Bajaj Auto, while BPCL, SBI, and ONGC were among the leading losers in the Nifty 50.
Among the notable gainers were Nifty Auto, Nifty FMCG, Nifty Metal, and Nifty Pharma. On the other hand, Nifty Energy, Nifty PSU Bank, Nifty Bank, and Nifty IT faced losses.
Key market indices, such as Nifty Smallcap 100 and Nifty Midcap 100, both reached record highs, concluding the year on a positive trend with gains of 0.6% and 0.8%, respectively, compared to their previous closing levels.
SEAMEC Ltd owns and manages four multi-support vessels for diving services, subsea operations, and related activities. It has diversified into the main fleet shipping vertical with the acquisition of three bulk carriers. The stock experienced a significant surge in trading volume today, surpassing its weekly average by over 20 times. Notably, it closed the day with an impressive 10.4% gain. Considering these positive signals, it’s advisable to consider adding this stock to your watchlist.
Established in 1973, Surya Roshni Limited has become India’s leading exporter of ERW Pipes, the largest producer of GI Pipes, and ranks as the second-largest player in the lighting segment. Today, the company’s shares witnessed a substantial surge, reaching the upper circuit of 20%, indicating a noteworthy uptick in buyer interest. It is advisable for investors to consider adding this stock to their watchlist.
Today, Chamanlal Setia Ltd witnessed a surge, reaching a new 52-week high of Rs 256, signaling a bullish trend. The company specializes in milling and processing basmati rice, boasting export experience since 1982. Recognized as an export house by the Ministry of Commerce in 1989, it currently holds the status of a ‘Star Export House.’
Goodluck India Ltd, an engineering conglomerate involved in the production and sale of engineering products like sheets, pipes, fabricated structures, forgings, and automobile tubes, is contemplating the conversion of warrants into equity shares in an upcoming board meeting. These warrants were initially issued to individuals within the Promoter category. The potential outcome of this conversion is an augmented promoter holding, rendering it a favorable aspect to consider adding this stock to your watchlist.
Hindustan Foods Limited, an Indian company involved in the contract manufacturing of a diverse range of FMCG products, including food, home care, personal care, and beverages, revealed plans to broaden its portfolio by venturing into the contract manufacturing of sports shoes through a recent acquisition, as highlighted in a press release today. Consider adding this stock to your watchlist in light of this development.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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