Consumer Durables News

Overnight Digest: Stocks to keep an eye on January 04!

Watch out for these stocks in Wednesday’s trading session!

Consumer durables, healthcare and financial services stocks boosted Indian headline indices and helped the volatile session close on a brighter note. The best-performing sector was BSE consumer durables, which gained 1.56 per cent, led by Rajesh Exports Ltd. The top losing sectors of the session were BSE Metals and BSE Auto. The BSE Sensex added 0.21 per cent to 61,294 level at the close. The Nifty 50 index gained 0.19 per cent to a level of 18,232.  

Watch out for these stocks in Wednesday’s trading session –  

Dabur India – The company acquired 51 per cent equity shareholding of Badshah from its shareholders according to a share purchase agreement (SPA) and shareholders agreement (SHA) executed by Dabur India with the current promoters and shareholders of Badshah and the deal was completed on January 2, 2023.   

UCO Bank – The proposal for raising Tier I capital in one or more tranches totaling up to Rs 1,000 crore in the form of Additional Tier I Bonds has been authorised by the board of directors of the bank. Shares soared and finished the session about 5 per cent higher.  

Larsen & Toubro – The Government of Madhya Pradesh has awarded repeat orders to L&T Construction’s Water & Effluent Treatment Business to execute two lift irrigation projects to irrigate 2,05,000 Ha of culturable command area, covering more than five hundred villages in the Dewas & Dhar districts of the state of Madhya Pradesh. The order size ranges from Rs 5,000 crore to 7,000 crore, according to information provided by the company.  

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