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The market ended on a strong note on Wednesday amid softening of crude oil prices and Foreign Institutional Investors (FIIs) turning net buyers after a long gap. The market also cleared the crucial hurdle of 16,000, however, it slipped later to close just below the psychological level. Meanwhile, after closing on high note with over one per cent gains on Wednesday, the cues from Asian markets remained mixed on Thursday. Meanwhile, based on the news and corporate actions, there will be certain stocks that will remain in focus. Zee Business senior research analyst Arman Nahar presents you the list of such stocks:
GM Breweries: The company will present its June quarter results today
Torrent Pharma will be in focus due to bonus adjustment in F&O.
Titan will be in news after Q1 sales jumped 205% YoY on low base effect, as per the company’s quarterly update
Equitas Small Finance Bank saw its provisional gross advance growing to 22% at Rs 21699 crore. The company said in its June business update on Tuesday.
Phoenix Mills: Total consumption in Q1FY23 stands at 2160 crore, is a jump of 121% on year-on-year basis.
HDFC Bank and Canara Bank will be in focus after the two banks raise MCLR rates
Sharee Transport will be limelight after the board of the company approved its merger with Shree Ram City.
Nykaa will remain in news as the company has expanded its product portfolio in men’s category
Titagarh Wagons will be in focus after HDFC Bank reduced its stake in the company
Besides, there will be some stocks which would see action purely based on their corporate announcements related to bonuses and dividends. These stocks are Axis Bank, Crompton Greaves, L&T Technologies, Navin Fluorine, Oberoi Realty, glaxosmithkline pharmaceuticals and Minda Industries.
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