Several stocks are likely to remain in focus on Wednesday, 11 November, following key corporate developments, fresh order wins, business updates and quarterly earnings announcements.
Defence electronics company Data Patterns received a bullish call from global investment banking firm Jefferies, which reiterated its ‘Buy’ recommendation and set a target price of ₹5,545. Meanwhile, MRF reported a decline in September-quarter profit despite healthy revenue growth, while Cochin Shipyard's profitability came under pressure. Order wins and business updates from GPT Infraprojects, Ashoka Buildcon, IRB Infrastructure and HLE Glascoat also warrant investors' attention.
The Indian stock market is closed today, Tuesday, 10 November, on account of the Diwali-Balipratipada holiday. The trading break follows a positive session on Monday, when benchmark indices extended their recovery, with the Sensex and Nifty closing higher after a volatile session. The gains further strengthened the post-Diwali rally, which had briefly lost momentum during the Muhurat Trading session.
On Monday, 9 November, the Nifty 50 rose 0.23% to settle at 25,044.65, while the Sensex advanced 0.13% to close at 81,106.65. Both benchmark indices ended at their highest closing levels…