Keep an eye on these stocks on October 8, they can show up

Multibagger Stock: The Sensex jumped nearly 500 points on Thursday, while the Nifty went beyond 160 points. The benchmark indices showed some strength towards the end of the first half and some selling pressure in the second half. Sensex closed at 59,677.83 and Nifty at 17,790.35 level. Titan, Mahindra & Mahindra, Maruti Suzuki, IndusInd Bank and Sun Pharmaceuticals were the top gainers in the Sensex.

On the sectoral front, BSE Realty was the top gainer with a gain of 6.03 per cent on an intraday basis. BSE Auto and BSE Consumer Durables indices were also seen with gains of 4.46 per cent and 5.82 per cent. Among the broader markets, BSE Smallcap and Midcap indices closed in the green and gained over 1 per cent each. We are going to tell you which stocks to keep an eye on on Friday (October 8):

Carborundum Universal: The Company has reported the completion of acquisition of equity shares in Plus Advanced Technologies Private Limited (PLUSS) which is 71.99 per cent of the paid-up equity capital. Following the acquisition, PLUSS has become a subsidiary of Carborundum Universal with its wholly owned subsidiary Plus Advanced Technologies-BV in the Netherlands.

TVS Motor Company: The company has announced the launch of TVS Jupiter 125. The 125 cc scooter with a “maximum” claim is the new addition to the TVS Jupiter portfolio, bigger and more spacious with the industry’s biggest features. Under-seat storage, segment-leading longest seat, progressive styling and unmatched mileage.

Tata Motors: The stock has broken the current resistance level on the chart and has shown a jump in volume. On Thursday, it closed with a gain of 12.04 per cent in the BSE Auto Index, which beat the benchmark index by a huge margin. It is likely to remain in focus on Friday.

Bullish Stochastic Crossover: Bullish Stochastic crossover was witnessed at Bata India, Prestige Estate, Suprajit Engineering, Network18 and HEG on Thursday. These stocks will be in focus on Friday.

Bullish Moving Average Crossover: Godrej Industries, CCL Products, Info Edge, UPL and Just Dial outperformed the markets on Thursday. These stocks formed a bullish moving average crossover on Thursday and are expected to hold high on Friday.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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