Multibagger Stock: In the equity markets, November 2021 started on a volatile note till the bulls began to dominate the PMI data for the previous month and spurt in GST collections. Benchmark index Nifty closed above 17900, supported by gains in metal, IT, realty stocks. The Sensex was up 1.40 per cent and the Nifty was up 1.46 per cent at the end of the session. About 2099 shares rose, 1129 shares declined and 186 shares did not change. In the broader markets, the BSE Midcap and Smallcap indices rose one per cent each. We are telling you which stocks will be in focus on Tuesday.
Tata Consultancy Services (TCS): The company announced the expansion of its partnership with Celcom Axiata Berhad (Celcom), a leading telecommunications provider in Malaysia, to replace the latter’s core business support systems by using TCS HOBS and TCS TwinX hosted on Microsoft Azure. The stock has gained 2.18 per cent in Monday’s trading session and is likely to remain in focus on Tuesday.
Bharti Airtel: The company has launched the #5GforBusiness initiative to showcase a wide range of enterprise-grade use cases using high speed and low latency networks. The initiative is in partnership with top companies to showcase transformative high speed and low latency network solutions for a range of industries.
IndusInd BankOn Monday, the stock of IndusInd Bank remained in the headlines from the Sensex pack. The stock has gained 7.57 per cent on an intraday basis. On the chart, it is trading with a positive RSI and is likely to remain in focus for the further trading sessions as it is on the verge of breaking the current resistance level if the upward trajectory continues .
Coal India: Coal India’s stock has gained 3.59 percent in Monday’s trading session. In the last hour of the trading session, the company announced the provisional production and off take performance for the month of October 2021 and for the period April to October 2021. To highlight the key point, October production grew by 6.4 per cent to 49.8 million tonnes on a YoY basis as against 46.8 million tonnes. The October offtake was up 11.8 per cent to 56.7 million tonnes as against 50.0 million tonnes on a year-on-year basis.
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