Share Market: Top Stocks to Watch Today (03rd Oct, 24 – Thursday)
Lupin Ltd: Lupin has entered into a licensing agreement with a major pharmaceutical company to market a new drug in India. This agreement is expected to enhance Lupin’s product offerings and market reach, potentially driving up its stock price.
Cipla Ltd: Cipla has received approval from the US FDA for a new generic drug, which is expected to boost its revenue significantly. The approval opens a lucrative market in the US, likely leading to increased sales and profitability.
ITC Ltd: ITC has recently expanded its product portfolio by launching new premium personal care products. This diversification can attract a broader customer base and potentially increase sales, making it a strong candidate for intraday trading.
Hindustan Unilever: HUL has reported a significant increase in quarterly profits due to strong demand for its health and hygiene products. The robust financial performance and high demand for essential products can drive the stock price up.
Oberoi Realty Ltd: Oberoi Realty has reported a significant increase in quarterly profits due to higher sales and project completions. The strong financial performance and successful project completions can boost investor confidence and stock prices.
DLF Ltd: DLF has recently launched a new luxury residential project in Gurgaon, which has received a strong response from buyers. The successful launch indicates high demand and potential revenue growth, making it a strong candidate for intraday trading.
Mahindra & Mahindra Ltd: Mahindra & Mahindra has announced a strategic partnership to develop advanced automotive technologies. This partnership can enhance its technological capabilities and market competitiveness, potentially boosting the stock price.
Bajaj Auto: Bajaj Auto has launched a new range of motorcycles, which have been well-received in the market. The introduction of new products can lead to increased sales and market share, making it a good pick for intraday trading.
PVR Ltd: PVR has seen a surge in footfall and box office collections with the release of several blockbuster movies. Increased footfall and box office collections can boost revenue and profitability, making it an attractive pick for intraday trading.
Zee Entertainment Enterprises Ltd: Zee Entertainment has recently announced a merger with Sony Pictures Networks India, which is expected to create a media powerhouse. The merger can lead to significant synergies and a stronger market position, potentially driving up the stock price.
Disclaimer: Please note that these are our observations based on the current market performance and past data. It is always a good idea to do your own research before making any trading decisions. Also, consider using fundamental & technical analysis tools to identify entry and exit points. Always stay informed about market news and events that could impact these stocks.
Happy Trading 😊
