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.
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.
Shares of Route Mobile, OnMobile Global, Dharamsi Morarji, Kirloskar Industries and Tanfac Industries are among eight stocks that have surged more than 50 per cent in the past one week on the BSE following a strong rally in the equity markets. In comparison, the S&P BSE Sensex was up 1.3 per cent during the week.
Tanfac Industries soared 17 per cent to Rs 299.70, also its 52-week high, on the BSE in intra-day trade today. In the past one week, the stock of commodity chemicals has soared 57 per cent after the company s December quarter (Q3FY21) net profit more-than-doubled to Rs 10.20 crore. It had posted a profit of Rs 3.85 crore in the year-ago quarter.