Major companies in today’s trading session are trading in the green, which includes, BEL- up by 15 per cent, Bharat Dynamics- up by 11 per cent, Solar Industries India- up by 8 per cent, Hindustan Aeronautics- up by 10 per cent, Bharat Forge- up by 7 per cent and BEML- up by 6 per cent.

The new week is likely to begin on a soft note as the global cues are mixed and mostly on the lower side. The Nifty enters the new week right near the critical resistance level of 11,225-11,260. At 7:40 am, the SGX Nifty was trading with minuscule gains of nine points at 11,235 levels.

For the day, the high and low of the inside bar, which was formed on Friday, are critical for Monday as a break on either side could lead to a trending move. Stocks in news: Ganesha Ecoshpere, Nandan Denim, FDC, Indusind Bank, Tube Investment of India.

The consolidated net sales reported in Q1FY21 came in at Rs 1,064.27 crore, which increased by 6.55 per cent YoY from Rs 998.89 crore in Q1FY20.

The consolidated net sales reported in Q1FY21 came in at Rs 135.08 crore, which declined by 84.7 per cent YoY from Rs 882.76 crore in Q1FY20.

The stock of Caplin Point Laboratories Limited formed a bearish engulfing candlestick pattern on the daily timeframe. The bearish engulfing candlestick pattern is considered to be a bearish reversal pattern and usually occurs at the top of an uptrend.

The stock of Berger Paints India Limited has given a downward sloping trendline breakout, formed by connecting swing highs from February 2020. The breakout was supported by robust volumes.

Both the companies, which are in the same sector that is engineering, are expected to be beneficial to all. Tube Investment believes that its operations as well as financial efficiency could help in the resolution of issues going on in CG Power.

Ending the week, domestic benchmark indices closed flat with a positive bias on Friday, as Sensex gained by a mere 0.04 per cent or 15.12 points to settle at 38,040.57 while Nifty rose by 0.12 per cent or by 13.90 points to reach the level of 11,214.05.

Prince Pipes and Fittings Limited (PPFL), one of India’s largest integrated piping solutions & multi polymer manufacturers, announced that the company has entered into a technical collaboration with Tooling Holland BV, a global leader in the international plastic injection moulding industry based in the Netherlands.