The Jefferies report on small and midcap companies (excluding UPL) showed strong profit growth of 44% compared to last year. This growth was due to increased sales by 11% and a rise in operating profit margin by 220 basis points compared to the previous year.
Bharat Forge has formed long bullish candlestick pattern with minor upper & lower shadows on the daily scale with robust volumes. The stock climbed above 21 as well as 50-day EMA on Monday.
Godrej Properties saw breakout of slightly downward sloping resistance trendline adjoining highs of July 28 and October 11, and formed long bullish candlestick pattern on the daily scale with robust volumes.
Divi s Laboratories, Hero MotoCorp, Eicher Motors, Larsen & Toubro and Axis Bank were among the biggest Nifty gainers, while SBI, HUL, Tata Motors, Cipla and Titan Company lost the most