Overnight Digest: Stocks to watch out for on December 03
On Thursday, despite the weak sentiments in the international markets, domestic indices continued to gain, supported by IT, financials and metal stocks amid strong domestic macroeconomic data.
Adani Ports, HDFC, Power Grid Corp, Tata Steel and Sun Pharma were among the major Nifty gainers, whereas the losers included ICICI Bank, Cipla and Axis Bank.
Keep a watch on these stocks on Friday:
Lupin - Lupin Inc, a wholly-owned subsidiary of global pharma major, Lupin Limited has entered into an agreement with TTP pie (The Technology Partnership pie) to acquire the exclusive worldwide rights to develop, manufacture and commercialize Inhalation products using TTP's soft-mist inhalation technology platform. By leveraging this technology, Lupin expects to provide healthcare professionals with alternative solutions for delivering affordable Inhaled medicines to patients across the globe.
Hero MotoCorp - The share price of the company touched a 52-week low of Rs 2,409 on December 2, post weak sales numbers recorded for November 2021. It sold 3,49,393 units in November 2021 as against 5,91,091 units a year ago, registering a de-growth of 40.89 per cent. The company has sold 3,29,185 units of motorcycles in November 2021 against 5,41,437 units and sold 20,208 units of scooters in November 2021 as against 49,654 units YoY.
Upper Circuit Stocks - The stocks of Apex Frozen Foods, IFCI, Panacea Biotech, IRB Infrastructure Developers and Somany Home Innovation were locked in the upper circuit on Thursday. Watch out for these stocks on Friday.