In today’s bearish trading session, the Nifty 50 index extended its losses, closing down by 159.6 points, or 0.83%. The markets opened at 19,286.45, reached a high of 19,347.3, and a low of 19,074 before closing at 19,122.15.
Out of the 50 constituents in the Nifty 50 index, only 10 stocks advanced, while 40 declined, forming an Advance-Decline Ratio of 0.25.
Notable gainers included Coal India, Tata Steel, Tata Consumer, and Hindalco, while Adani Enterprises, Cipla, Apollo Hospitals, SBI Life, and NTPC were among the top losers.
The Nifty Metal and Nifty PSU Bank indices showed resilience, provisionally closing in the green. However, the Nifty Media and Nifty Realty indices succumbed to the bearish forces and registered losses.
The Nifty Midcap 100 index fell by 253.1 points, or 0.65%, while the Nifty SmallCap 100 index was down 30.4 points, or 0.24%.
The stock traded at a new 52-week high of Rs 145.0 on October 25, 2023, and experienced a significant increase in trading volume, more than 4.89 times its usual volume. Be sure to include this stock in your watchlist.
The company is set to release its quarterly results on October 26. It boasts a 3-year sales CAGR of 17% and a 3-year Profit CAGR of 197%. Keeping this stock in your watchlist is advisable.
UCAL, a leader in innovative automotive solutions, has announced the launch of its new product, the Intake Throttle Valve (ITV), designed for commercial vehicle applications. This state-of-the-art ITV line is equipped with cutting-edge automation technologies for zero-defect supplies, catering to the domestic market. Adding this stock to your watchlist is recommended.
The company is announcing its quarterly results on October 26. It has delivered impressive profit growth of 35.8% CAGR over the last 5 years and a median sales growth of 43.8% over the last 10 years.
The stock is currently trading near to its 52-week high of Rs 83.8 and the stock has experienced a significant surge in trading volume on Wednesday. As such, it demonstrates potential as a contender for your watchlist.
Disclaimer: This blog has been written exclusively for educational purposes. The mentioned securities are provided as examples and not as recommendations. The information is based on several secondary sources on the internet and is subject to change. Please consult with an expert before making related decisions.
Published on: Oct 25, 2023, 6:29 PM IST
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