On Monday, the main stock market indexes showed positive performance. The Sensex, a key index, rose by 1.76% to close at 71,941.57 points, and the Nifty, another important index, increased by 1.8% to close at 21,737.60 points.
In terms of sector performance, Nifty Energy, Nifty PSU Bank, Nifty Auto, and Nifty Metal saw gains, while Nifty Media and Nifty FMCG experienced losses.
Top gainers among individual stocks included ONGC, Reliance, and Coal India, while top losers were Cipla, ITC, and LTIMindtree from the Nifty 50.
The positive trend also extended to broader market segments, with the Nifty Midcap rising by 1.63% and the Nifty Smallcap increasing by 1.49%.
Piramal Pharma Limited is part of the Piramal group of companies. The company operates through 3 major segments Contract development and manufacturing organisations (CDMO), Complex hospital generics and consumer healthcare. The company is set to release its Q3FY2024 results on January 30. Thus, add this stock to the watchlist.
Dodla Dairy Ltd is an integrated dairy company based in Telangana. The company derives the majority of its revenue from the sale of Milk and dairy-based value-added products in the branded consumer market. The stock experienced a significant surge in trading volume today, surpassing its weekly average by almost 20 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial and industrial applications. Today, the shares of the bank were locked in an upper circuit of 20%. The stock has delivered 23% year to date showcasing strong bullish momentum. Thus, keep this stock on your watchlist.
Today the shares of HCC Ltd Achieved a new 52-week high of Rs 41.25. Additionally, FII holding has increased on a QoQ basis from 5.58% in September 2023 to 7.84% in December 2023. The company is principally engaged in the business of providing engineering and construction services, real estate, infrastructure and urban development and management. Add this stock to the watchlist.
Keystone Realtors Ltd is set to release its Q3FY2024 results on January 30. Thus, it is advisable to add this stock to the watchlist. The company is one of the prominent real estate developers. The company is engaged primarily in the business of real estate construction, development, and other related activities in India.
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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