Overnight digest: Stocks to watch out for on June 25
The stocks to watch out for on June 25 include RIL, Uttam Sugar, Avadh Sugar, GMR Infrastructure, Coforge, Nelco, Mphasis, Quick Heal, Ramco Systems, eClerx, and IHCL.
Reliance Industries : Reliance Industries remained under pressure ahead of its AGM, which was held today afternoon. Post its 44th AGM, the stock slipped on the bourses. However, it is likely to be in focus on Friday.
Sugar stocks: Sugar stocks rallied with Uttam Sugar and Avadh Sugar gaining nearly 20 per cent each on Thursday. There was a secular rally seen in the sugar stocks. Investors should be watchful of the moves in sugar stocks during Friday's session.
GMR Infra: GMR had pledged its 2.4 crore shares in the favour of KLJ Plasticizers. The stock will be on investors’ radar on Friday.
IT stocks: IT biggies have hit all-time highs. Now the IT mid-cap stocks and small-cap stocks will be under review by investors as positive momentum in the IT space is likely to continue. Stocks like Coforge, Nelco, Mphasis, Quick Heal, Ramco Systems, and eClerx will be in focus.
IHCL: Indian Hotels Company Limited (IHCL) has fixed July 9, 2021, as the record date for the payment of redemptions of NCD. IHCL also hit its fresh 52-week high on Thursday. The stock will be tracked by the momentum investors.