Overnight Digest: Stocks to keep on the radar for February 14

Overnight Digest: Stocks to keep on the radar for February 14

Shreya Chaware
/ Categories: Trending, Mindshare

Aggressive FII selling due weak global cues hit the domestic market on Friday.

On Friday, the benchmark indices broke three-day gaining momentum and ended lower with Sensex and Nifty contracting 1.31 per cent each.

All the sectoral indices ended in the red with IT and realty indices down 2 per cent each. In the broader market, BSE Midcap and Smallcap indices dragged nearly 2 per cent each.

Watch out for these stocks on Monday: 

Laurus Labs - The share of Laurus Labs zoomed up to 5 per cent in Friday's trading session. The stock exhibited bullishness on the day when the broader market was experiencing a severe sell-off. It gained 8 per cent in the past two trading sessions after the company on Thursday announced that it has received purchase orders from a leading global life sciences company and the supplies will commence from March 2022.

Zomato - The stock of this food delivery company slumped more than 6 per cent. Zomato reported a consolidated net loss of Rs 63 crore in Q3FY22 as against a net loss of Rs 352.6 crore posted in Q3FY21. The company had posted a net loss of Rs 429 crore in the previous quarter of FY22. For the quarter under review, revenue from operations was recorded at Rs 1,112 crore, up 82.47 per cent against Rs 609.4 crore the same time a year ago. The narrowing of losses failed to lift the stock on Friday. Keep a watch on this stock on Monday.

Alkem Laboratories - The company announced that it has signed a license agreement with Harvard University's Office of Technology Development (OTD) enabling Alkem to develop and commercialize a novel technology that may help meet the dire need for effective treatment of diabetic neuropathy, foot ulcers, peripheral arterial disease (PAD), and other injuries caused by vascular disease. Despite the news, the stock has closed 2.73 per cent lower in Friday's trading session. 

Upper Circuit stocks - The stocks of Mahindra Lifespaces, GNFC, RHI Magnesita and Hindalco Industries have managed to lock in the upper circuit amid the bearish wave in the equity markets. Keep an eye on these stocks in Monday's trading session.

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