Overnight Digest: Keep a watch on these stocks on September 29
Dalal Street experienced profit booking on Tuesday, amid the weakness in global markets. FMCG, metals and PSU banks were in green, while the rest of the sectors were in the red.
Power Grid Corporation, Coal India, NTPC, IOC and BPCL were the gaining stocks while Bharti Airtel, Tech Mahindra, Bajaj Finance, Divis Labs and Bajaj Finserv experienced a drag.
Keep a watch on these stocks on Wednesday.
Tata Consultancy Services (TCS): The company who is a leading global IT service, consulting and business solutions organization, has been selected by NORD/LB, a leading German commercial bank, as its strategic partner for its IT transformation. TCS will help to simplify and transform the bank’s application landscape for improved operational resilience, and enhanced responsiveness to market needs.
Sun Pharmaceutical Industries - The company has announced the launch of a novel formulation in cough management - Chericof® 12 (Dextromethorphan Hydrobromide 30 mg and Chlorpheniramine Maleate 4 mg) in India. Chericof® 12, the first prescription cough syrup in India gives relief for up to 12 hours and is manufactured using Polistirex technology for sustained release of the drug. Chericof® 12 is approved for patients of age group six years and above.
Federal Bank - The bank has partnered with the National Payments Corporation of India (NPCI) to launch the ‘Federal Bank RuPay Signet Contactless Credit Card’. One of the highlights the card bears is that it comes with the lowest Annual Percentage Rate (APR) starting from just 5.88 per cent per annum. The credit cardholders will gain access to a wide variety of offers and deals across categories including travel, food and dining, shopping, sports, entertainment, lifestyle and much more.
Future Retail - The stock has zoomed by 9.99 per cent on Tuesday. After trading in a sideways trend for the last few trading sessions, the stock has formed a long green candle with a decent rise in volumes. Also, the RSI is trending positive.