Stocks that should be on your watchlist on Thursday, December 2, 2021

#BSE #Nifty #NSE

BSE Sensex rallied 619.92 points 57,684.79 while the Nifty50 climbed 183.70 points to 17,166.90
Around 1859 shares have risen, 1323 have fallen, and 130 have remained constant
BSE Metal index has outperformed the other sectoral indices on Wednesday

Written By:Yash

Updated: December 01 2021 07:54:36 AM ET

In Wednesday’s trading session, the equity markets managed to conclude on a strong note. On Wednesday, the Sensex climbed 1.09% while the Nifty gained 1.08%. Around 1859 shares have risen, 1323 have fallen, and 130 have remained constant.

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The BSE Metal index has outperformed the other sectoral indices on Wednesday. It has zoomed 2.4% on an intraday basis. Stocks of JSW Steel, NMDC, Hindalco, Coal India, and Vedanta Limited were the top gaining stocks within the index. Keep a watch on these stocks on Thursday.

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The BSE Sensex rallied 619.92 points or 1.09% to 57,684.79, while the Nifty50 climbed 183.70 points or 1.08% to 17,166.90 and formed a bullish candle on the daily charts.

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Following are the stocks that should be on your watchlist for Thursday:

De Nora India, KDDL Limited, Sirca Paints India, Mirza International, Mukta Arts, and TCI Express made a fresh 52-week high on Wednesday.

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The stocks of Spandana Sphoorty Financial, PNB Housing, and IRB Infrastructure Developers were locked in the upper circuit on Wednesday.

The following stocks recovered from the day’s low. Recovery from the lower levels indicates that the market participants actively participated in these stocks at the lower levels: ABFRL, CANFINHOME, COFORGE, ELGIEQUIP, GRANULES, IRCTC, JK CEMENT, JSWENERGY, KALPATPOWR, MASTEK, MMTC, MOTILALOFS, NAZARA, NCC, PETRONET, PNBHOUSING, RAMCOCEM, SRTRANSFIN, STAR, TATA CHEM, UCO BANK, UFLEX.

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IndusInd Bank stock has qualified to be the highest gaining stock in large-cap space. The stock has gained 5.74% in Wednesday’s trading session. On the charts, the stock has shown signs of trend reversal by forming a green candle after a series of red candles formed in previous trading sessions. The RSI indicator has also shown a reversal and hence, the stock is likely to be on investors’ radar.

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Sapphire Foods has recently announced the opening of its 500th store, KFC Dindigul, Tamil Nadu. As restrictions have eased, the company has witnessed a healthy recovery in dine-in sales while their delivery sales have continued to accelerate. This has resulted in robust SSSG (same-store sales growth) in the months of October and November 2021 over the corresponding period in both FY21 and FY20 (pre-covid period). The company expects to double our store count in next 3-4 years.

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Wardwizard Innovations and Mobility has announced that its electric two-wheelers brand ‘Joy e-bike’ has recorded its highest-ever monthly sales in November 2021. Driven by the festive cheer and rebound in the business activities, the company sold 3,290 units of electric scooters and motorcycles, marking the growth of 1,190% compared to November 2020, where sales stood at 255 units. The company has further observed good traction especially for its low-speed models in both urban and semi-urban cities.