Stocks to watch: These stocks will be in focus tomorrow!

Mahanagar Telephone Nigam Ltd, Transformers & Rectifiers India Ltd and IFCI Ltd were among the top gainers on the BSE Smallcap index!

Despite commencing the session with a dismal opening, domestic indices experienced a strong uptrend later on. The BSE Sensex soared 0.98 per cent to 71,060 level at the close. The Nifty 50 index climbed 1.01 per cent to a level of 21,453.

Watch out for these stocks in Thursday’s trading session -

Mahanagar Telephone Nigam Ltd (MTNL): Shares, reflecting the optimism in the telecommunications sector, experienced significant buying interest. Consequently, they surged to hit the 20 per cent upper circuit, reaching a 52-week high of Rs 41.64 on the BSE. MTNL serves as the principal provider of fixed-line telecommunication services in the two metropolitan cities of Delhi and Mumbai.

Transformers & Rectifiers India Ltd: Shares reached a 52-week high of Rs 331 on the BSE, securing a 20 per cent upper circuit lock. The company stands as a leading manufacturer of a diverse range of transformers, having successfully fulfilled numerous prestigious orders from developed countries, including Canada and the United Kingdom.

IFCI Ltd: Shares concluded the trading session with a 20 per cent gain, reaching a new 52-week high of Rs 48.10 on the BSE. The company operates as a NBFC, established to meet the long-term finance requirements of the industrial sector. Its financing portfolio spans diverse projects, including airports, roads, telecom, power, real estate, manufacturing, services sector, and other allied industries.

Top trending stocks of the day: Adani Power, Adani Green Energy, Gujarat Ambuja Exports, HFCL Ltd, IDBI Bank, Vaibhav Global, Indus Towers, Borosil Renewables.