Multibagger Stock: Benchmark indices closed at new record highs led by auto, IT, metal and infra stocks. The Sensex closed at 60,737.05, up 452.74 points or 0.75 per cent and the Nifty rose 169.80 points or 0.94 per cent to close at 18,161.80.
Auto stocks led by Tata Motors pushed Nifty to new highs with good support from infrastructure and metal stocks on the launch of the master plan for infrastructure development and multi-modal connectivity. Among the broader markets, the BSE Midcap and Smallcap indices jumped 1.56 per cent and 0.59 per cent, respectively. Now we are telling you that on October 13, you have to keep an eye on the stock:-
Grasim Industries: The Company has entered into a Supplementary Share Subscription Agreement with Renew Green Energy Solutions Pvt Ltd (Renew) and Renew Surya Uday Pvt Ltd and Power Purchase Agreement with Renew Surya Uday Pvt Ltd (Power Producer). The agreement is for the operation and maintenance of a 16.68 MW wind-solar hybrid power plant in Gujarat, with power to be exclusively supplied to Grasim under captive norms. Grasim Industries closed with a gain of 2.65 percent in Wednesday’s trading session and is likely to remain in focus on Thursday.
Ultratech Cement: The company today announced the signing of a Memorandum of Understanding (MoU) with Punjab Renewable Energy Systems Private Limited (PRESPL) to decarbonize its operations and aim to use biomass in place of fossil fuels like coal in its manufacturing operations. to increase significantly. The stock was trading in green during Wednesday’s trading session and closed with a gain of 1.39 per cent.
Tata Motors: Tata Motors rose up to 21.09 percent on an intraday basis in Wednesday’s trading session. The stock jump came after news that private equity firm TPG Group would invest Rs 7,500 crore in a wholly owned electric vehicle subsidiary of Tata Motors. TPG investment will be made in installments over 18 months from the date of completion of the first installment. Keep a close watch on this stock on Thursday.
Bullish Moving Average Crossover: GE Power, Venky’s, Hindustan Zinc, Gujarat Ambuja and Schaeffler India gained 7.55 per cent, 6.93 per cent, 4.56 per cent, 3.11 per cent and 2.84 per cent on Wednesday. These stocks witnessed a bullish moving average crossover and hence these stocks remained in focus on Thursday. Will stay in
Bullish Stochastic Crossover: Minda Industries, Federal Bank, Rajesh Exports, SAIL and Trident are some of the outperforming stocks where we saw a Bullish Stochastic crossover on Wednesday. These stocks will also be monitored on Thursday.
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