D-Street Newsmakers: OMCs, Shree Cement among 10 stocks that drew the most attention on November 8
As per the IANS report, broader markets are not facing the sell-off, as FII selling is confined to large caps.
In a range-bound session, Indian equity benchmarks ended higher in Wednesday’s trade, led by gains in realty and healthcare stocks. Nifty ended at 19,443.5, up 36.80 points, while Sensex advanced 33.21 points to 64,975.6. Broader markets extended their streak of outperformance as midcaps soared by 0.99 per cent while small-caps gained 0.70 per cent.
Here are the stocks that buzzed in trade on November 8:
OMC stocks: Shares of OMCs buzzed in trade on Wednesday as crude prices tanked nearly 10 per cent in the last eight sessions. HPCL was the top gainer today and gained nearly 15 per cent in 2 days.
Deepak Nitrite: After posting an increase in profitability year-on-year (YoY), shares of the company ended nearly 2 per cent higher at Rs 2,138.3 apiece.
IRCTC: Shares of the PSU company ended a tad lower at Rs 677 as margins at the company tumbled by 100 bps in the September quarter.
Page Industries: Shares of the fully integrated manufacturing, marketing, distribution, and retail company ended 1.5 per cent higher at Rs 37,804.35 ahead of the Q2 results due to be released on Thursday.
Tata Motors shares ended marginally lower at Rs 642.55 even as the brokerages are bullish on the counter post its Q2 show.
Apollo Tyres: Shares of the tyre company, after posting an over 2-fold jump in profit during the September quarter, ended nearly 7 per cent higher at Rs 410.3.
YES Bank: Shares of the lender spurted nearly 9 per cent and were the star performer. As per the IANS report, broader markets are not facing the sell-off, as FII selling is confined to large caps.
Trent: Shares of the Tata Group company operating the retail chain Westside ended over 1 per cent higher at Rs 2,452.85. The company, during Q2, posted a nearly three-fold jump in net profit.
Alkem Laboratories: Shares of the drug major hit an all-time high today after the company posted a good set of numbers in Q2.
Shree Cement: Shares of the company ended with a cut of 1.5 per cent at Rs 26,270.5, even as the company’s profit more than doubled YoY.
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