On November 13,2023 the Nifty50 Index fell 82 points and closed at 19,443.55, considering the possibility of it being a profit booking session after it gained almost 100 points in the Samvat 2080 muhurat trading session on November 12,2023.
As per the NSE data, FIIs cumulatively bought Rs. 5,991.24 crore of equities, while they sold Rs. 7,235.68 Crores worth equities, resulting in an outflow of Rs. 1,244.44 crore on Monday. Meanwhile, DIIs invested Rs. 5,613.86 Crores and offloaded Rs. 4,783.46 Crores, registering an inflow of Rs. 830.40 Crores.
Today Nifty50 has support levels of 19,400 & 19,350 and it has resistance levels of 19,475 & 19500.
Stocks to watch
Rail Vikas Nigam Limited
On November 13,2023, RVNL closed at Rs. 156.90. It has received a letter of award (LOA) from Central Railway for the construction of 4 tunnels, and other miscellaneous work for a consideration of Rs. 311.17 Crores.
DCM Shriram Industries Limited
The company has reported its Q2FY24 results with 2067.74 percent YoY jump in Net Profit from Rs. 0.93 Crore to Rs. 20.16 Crores. The company’s shares closed at Rs. 124.45 on Monday.
Adani Energy Solutions
Adani Electricity Mumbai Limited which is a material subsidiary of Adani Energy Solutions Limited, announced a tender offer to buy backup up to USD 120 million of its outstanding 3.949% USD 1,000 million senior secured notes due 2030. On monday it closed at Rs. 757.60.
Ceat Limited
Ceat has received green signal from Maharashtra Pollution Control Board, to restart the operations at the Bhandup plant of the Company with certain conditions to be complied with, after it received notice from the board on November 4,2023 to close down the operation of the plant in view of certain alleged violations of the pollution control norm. In the last trading session it closed at Rs. 2,111.
Knowledge Marine & Engineering Works Limited
On Monday, Knowledge Marine & Engineering Works Limited closed at Rs. 1,320. The company has received an order from Mumbai Port Authority for the supply of two 15 tonne Bollard Pull Tugs on hire along with manning crew for a period of Seven years, for a consideration of Rs. 34.49 Crores.
Kalyan Jewellers India Limited
It has reported its Q2FY24 results with 27 percent YoY jump in Revenue from operations and Net Profit from Rs. 3,472.9 Crores to Rs. 4,414.5 Crores and from Rs. 105.9 Crores to Rs. 134.8 Crores. On monday the company’s shares closed at Rs. 337.50.
PTC Industries Limited
On Monday PTC Industries closed at Rs. 4,939.75. PTC Industries and Safran Aircraft Engines, the French global leader in aero engine design, development, and manufacturing, announced a multi-year contract to develop industrial cooperation for LEAP engines casting parts. Under the terms of the contract, PTC Industries will produce titanium-casting parts for Safran Aircraft Engines.
Asian Paints Limited
On Monday, Asian Paints closed at Rs. 3,083. It has invested a sum of Rs. 385 Crores for capacity expansion of its Khandala plant from 3,00,000 KL(Kilo Litres) per annum to 4,00,000 KL (Kilo Litres) per annum in order to meet the medium-term capacity requirements of the Company.
Written by: Bharath K.S
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