Stocks In Focus: Stocks To Keep A Close Eye On October 7, 2021

The stock markets ended the day in the red on Tuesday, after trading flat for the first half of the session. On October 6, the market was stuck in a bear trap and corrected almost 1% as selling was evident across sectors, with Metals, Auto, IT, and Pharma being the biggest losers amid weak global cues.

Among the 30 firms that make up the Sensex, IndusInd Bank and Tata Steel led the market lower, while HDFC twins and Bajaj Finance were the biggest gainers. The Indian stock market is projected to open in the green, with SGX Nifty trends indicating a 144-point gap-up opening for the index in India. On Thursday, keep an eye on these stocks.

Banking Stocks

The outlook for nine Indian banks has been modified from "negative" to "stable" by global rating agency Moody's. Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, Export-Import Bank of India, State Bank of India (SBI), and Union Bank of India are among these financial institutions.

Bharti Airtel

According to bulk trades data, Blackrock India Equities Fund (Mauritius) sold 25,50,064 equity shares in the company on the NSE for Rs 207.67 per share.

Zee Entertainment Enterprises

The company has filed a petition with the National Company Law Appellate Tribunal (NCLAT) to have the NCLT order stayed, which was issued in response to a petition filed by shareholder Invesco Developing Market Funds.

TCS has been assisting the IS in achieving this goal by utilising its DigiGOVTM framework to make digital services easy to configure, use, and access using its DigiGOVTM framework. This includes Scotland's national multi-application smart card, the National Entitlement Card (NEC).

Ratnamani Metals and Tubes

The company reported that it has received several orders totaling Rs 144 crore (excluding GST) from the oil and gas sector for the delivery of stainless steel and carbon steel pipes, which will be completed in three to eight months.

At its last meeting on October 1, 2021, the company's debenture committee allocated the 17th tranche of 1800 Secured Redeemable Non-Convertible Debentures with a face value of Rs 1000 each, totaling Rs 18 lakh, on a private placement basis.

Bosch

The stock has piqued the interest of investors, as evidenced by the massive increase in activity seen in Wednesday's trading session. The stock has gained up to 12% since breaking above the present resistance level on charts, while the benchmark indices have been in the red.

CRISIL Ratings has raised the company's bank facility ratings from 'CRISIL BBB+/Positive/CRISIL A2+' to 'CRISIL A-/Stable/CRISIL A2+.' The company's business risk profile is healthy, as evidenced by a strong order book, long-standing client relationships, good export diversity, and healthy operating profitability.

Titan Company

In Q2FY22, the company reported a robust recovery in demand. In Q2FY22, the jewellery business rose by 78 percent year over year and opened 13 stores, while the watches and wearables segment grew by 73 percent year over year and the eyewear business grew by 74 percent year over year.

Nazara Technologies

Nazara Technologies collected Rs 315 crore from well-known institutional investors. The funds will be used to fund the company's expansion initiatives as well as strategic acquisitions across the company's multiple business verticals, including gamified learning, freemium, skill-based real-money gaming, and esports.

Sobha

In the same period, total sales climbed by 50.9 percent to Rs 1,030.2 crore from Rs 689.9 crore. During the quarter, the company recorded its highest-ever quarterly sales volume of 13.5 lakh square feet of super built-up area, and the average cost of borrowing fell even lower.

PNB Housing Finance

It has partnered with CSC e-Governance Services India, a key component of the Digital India initiative, to deliver last-mile house loan services to people in tier 2 and 3 cities.