The stock hit a high of Rs 903 on 19th July 2023, but failed to hold on to the momentum. It took support around Rs 700 levels once in October and then again in November. It witnessed a swift price action last week and rallied more than 5% on Friday, 1st December, which resulted in a strong bullish candle. The supertrend indicator also triggered a buy on the daily charts last week.
Hot stocks next week: Benchmark indices ended in green on Friday. BSE Sensex jumped 297.95 points, or 0.48%, to settle at 61,729.68. NTPC, Adani Enterprises, Manappuram Finance, Kirloskar Industries among stocks in focus next week.
Here are the top stocks to track today:
Earnings Today: Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today.
Sugar stocks: The government brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India s dependence on costly oil imports.
Panacea Biotec: Drug firm Panacea Biotec reported a consolidated net loss of Rs 54.14 crore for the quarter ended March 31, 2021 as against a net loss of Rs 69.70 crore for the corresponding period of the previous financial year.
RIL: After record fundraising and debt prepayments, Reliance Industries (RIL) now has a strong balance-sheet with high liquidity that will support growth plans for its three hyper-growth engines - telecom arm Jio, retail and oil-to-chemicals business, firm s Chairman and Managing Director Mukesh Ambani said.