Overnight Digest: Stocks to Watch Tomorrow
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Crude oil shock and geopolitical tensions dragged markets lower—but select stocks saw strong triggers. Here are three key names likely to stay in focus tomorrow.
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Indian equity benchmarks ended on a weak note on Thursday, April 23, as rising geopolitical tensions and a sharp surge in crude oil prices weighed on investor sentiment. Brent crude crossed the USD 100 per barrel mark after Iran reportedly seized two ships in the Strait of Hormuz, triggering concerns over supply disruptions.
The Nifty 50 declined 205.05 points, or 0.84 per cent, to settle at 24,173.05, slipping below the key 24,200 level. The BSE Sensex fell 852.49 points, or 1.09 per cent, to close at 77,664. Financial and auto stocks led the losses amid concerns over rising input costs.
Against this backdrop, the following stocks are expected to remain in focus in the next trading session:
J Kumar Infraprojects Ltd has received a Letter of Acceptance for projects worth Rs 2,487.65 crore from multiple authorities.
The contracts include:
- Mumbai Metro Rail Corporation Ltd for design and Construction work
- Municipal Corporation of Greater Mumbai (MCGM) for infrastructure-related development
J Kumar Infraprojects Ltd share price closed at Rs 521.10, up Rs 6.00 or 1.16 per cent.
2. Alembic Pharmaceuticals Ltd
Alembic Pharmaceuticals Ltd has incorporated a wholly owned subsidiary, Alembic Pharmaceuticals GmbH, in Germany. The move is aimed at expanding the Company’s presence in the European market and strengthening its pharmaceutical distribution network.
Alembic Pharmaceuticals Ltd share price closed at Rs 768.75, up Rs 4.15 or 0.54 per cent.
3. Solar-ltd-289293">Waa Solar Ltd
Waa Solar Ltd has executed seven Power Purchase Agreements (PPAs) with Madhya Pradesh Power Management Company Ltd, aggregating to a total capacity of 48.15 MW.
These projects fall under the feeder-level solarisation initiative of the PM-KUSUM C Yojana, supporting the renewable energy push in the state.
Waa Solar Ltd share price closed at Rs 72.77, up Rs 7.00 or 10.64 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.