Stocks that should be on your watchlist on Monday, January 31, 2022

Sensex fell 76.71 points or 0.13% to 57,200.23 and Nifty was down by 8.20 points or 0.05% to 17,101.95 in the previous session. Sensex touched high and low of 58,084.33 and 57,119.28, respectively. There were 14 stocks advancing against 16 stocks declining on the index while Nifty traded in a range of 17,373.50 and 17,077.10 and there were 31 stocks advancing against 19 stocks declining on the index.

Ambica Agarbathies & Aroma Industries Limited, Anik Industries Limited, Arvind Limited, D P Wires Limited, and Dynacons Systems & Solutions Limited have made fresh 52 weeks high on Friday.

After witnessing a significant drop in Thursday’s trading session, the shares of Zomato showed a less volatile trade in Friday’s trading session. The company has decided to foray into the financial services business and has decided to create a non-banking finance company (NBFC) as a wholly-owned subsidiary for the purpose. The proposed paid-up capital of NBFC will be Rs 3 crore, while the authorised capital is pegged at Rs 10 crore.

Alembic Pharmaceuticals Limited, BALAXI PHARMACEUTICALS LIMITED, Cartrade Tech Limited, Chemplast Sanmar Limited, and Euro India Fresh Foods Limited have hit a 52-week low on Friday.

TVS Motor Company has acquired a 75% stake in Switzerland’s electric bike player for US$ 65 million. The Swiss e-mobility group is a fully integrated e-bike platform for purchasing and re-selling of own-branded e-bikes, third party-branded e-bikes, and spare parts.

IDEA, PNB, INVENTURE, GTLINFRA, SUZLON, YESBANK, JPPOWER, BHEL, ZOMATO, and BANKBARODA were the most active equities on NSE.

Tata Motors has extended partnership as title sponsor for Tata Open Maharashtra for the fourth consecutive year. This year, India’s safest hatchbacks, Tata Altroz on its second anniversary, will be the lead car from Tata Motors Passenger Vehicles.

Ganesha Ecosphere Limited, JSW Holdings Limited, Summit Securities Limited, Steelcast Limited, and Orient Bell Limited were the top volume gainers.

Apollo Tyres has taken the first step towards reducing its carbon footprint across its value chain. The company has kicked off a pilot initiative by deploying Electric Vehicles (EVs) for the delivery of tyres from its regional distribution centre (RDC) to multiple Business Partners in Bengaluru, in the southern part of India. This initiative, while on one hand, shall address the concern of growing environmental pollution, will also help in providing solutions to mitigate the impacts of climate change.

63MOONS, A2ZINFRA, AARVI, ADSL, and AGROPHOS hit the upper price band while 21STCENMGM, ABMINTLLTD, ANKITMETAL, ANSALAPI, and ASAL hit the lower price band. There were 199 securities that hit the upper band while 82 hit the lower band on January 28, 2022.