Stocks in focus today: Markets have gained momentum in the last three sessions and are gradually inching higher towards 18,450 – 18,500 levels. Hindalco, Nykaa, LIC, Ashok Leyland, India Cements among stocks to watch on Wednesday, May 24, 2023.
Hindalco is currently finding support from a lower trend line around Rs 400 level. This suggests that buyers are entering the counter around this price.
Hindalco Q4 results: Elara Securities sees profit for the quarter at Rs 2,628 crore, down 34.90 per cent YoY over Rs 4,038 crore in the year-ago quarter. It sees sales at Rs 56,104 crore, up 0.6 per cent YoY.
Hot stocks today: Benchmark indices fell in early trade today with the Sensex losing 163 points to 59,966. Nifty lost 50 points to 17,719. Tata Motors, Rallis India, Hindalco, Ipca Labs among hot stocks on April 26, 2023.