Stocks to watch: These small-cap stocks will be in focus for tomorrow!
Nifty and Sensex, closed at 19,646.05 and 66,160.20 levels respectively. Meanwhile, a mixed trend across sectors and the monthly expiry of July month derivatives contracts kept the participants occupied. The broader indices managed to outperform for yet another week and posted strong gains in the range of 1%-2%.
Apart from the earnings, we have been closely following the performance of global indices for cues and the prevailing buoyancy in the US markets gives us the comfort to hold the bullish view. However, we could see some volatility citing resistance around the 35800+ zone in Dow Jones Industrial Average (DJIA). Nifty has almost retraced to the upper band of the critical support zone i.e.
19,300-19,500 and it may see further consolidation before resuming the trend. On the higher side, it could face a hurdle around the 19,850-20,000 zone during the week. We thus reiterate our advice to focus on identifying stock- specific trading opportunities with favorable risk to reward ratio." Godfrey Phillips India: The net profit surged 68.61% to ₹220.97 crore for the first quarter of fiscal year 2023-24.
The shares of Godfrey Phillips India surged by nearly 9 per cent in the last trading session and closed at ₹2077.65 per share. In the past 5 trading sessions the stock skyrocketed by 26.5 per cent. For the year ending March 2023 Godfrey Phillips India has declared an equity dividend of 2200.00% amounting to ₹44 per share.
Advait Infratech: The company informed the market that it had secured a ₹35.80 crore order for the provision of optical fibre ground wire. The order must be carried out within 12 months. Advait Infratech Ltd is a company that provides goods and solutions in the domains of power transmission, power
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