Royal Enfield brand reported 43 per cent rise in month-on-month sales of 73,739 units in the month of December 2021.
Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.
Laurus Labs Ltd, Endurance Technologies Ltd may surge over 30 per cent whereas small cap stocks like Avanti Feeds Ltd, BASF India and Rain Industries could jump up to 40 per cent from current levels
As of 11 am, Responsive Industries traded with a solid gain of 16.3 per cent backed by a volume of 1.84 shares versus its two-week average traded volume of around 82,000 shares on the BSE.
The company's IPO had received lukewarm response from investors, with the share sale subscribed 1.95 times.
The stock had recently hit a fresh 52-week low of Rs 1,900 on December 27, 2021
The GST Council will meet today to discuss possible rollback of recently hiked rates for the textile industry.
The stock so far has been an underperformer for the month and quarter when compared with the BSE benchmark.
IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far
The stock had been a under-performer so far this month and quarter when compared to the BSE Sensex returns.
The stock hit a low of Rs 252.65 in early morning trades on the BSE
Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter
Shares of Digjam were locked in the upper circuit for the eighth straight trading day, up 5 per cent at Rs 224.50.
Supriya Lifescience has a niche product portfolio of 38 APIs with focus primarily on diverse therapeutic areas.
The stock of ASM Technologies was locked in the upper circuit for the 12th straight day, up 5 per cent at Rs 687.50, quoting at an all-time high level on the BSE
Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.
Sun Pharma, Cipla, Natco, Dr Reddy's, Torrent Pharma, Aurobindo Pharma and Strides have launched a generic version of Molnupiravir in India post approval for emergency use authorisation from DCGI
The company has received total orders of 157,100 kilo litres for supplying ethanol to both public sector and private sector oil marketing companies (OMCs).
With the last two-day rally, the stock now trades at a whopping 72 per cent premium over its issue price of Rs 1,033 per share.
Textiles shares shall be in limelight as the government has released the operational guidelines for the production-linked incentive (PLI) scheme