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Trade Spotlight | What should investors do with Pidilite Industries, Monte Carlo Fashions and Narayana Hrudayalaya?

Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.

November 12, 2021 / 09:23 AM IST
 
 
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The continued selling pressure across all sectors, barring metals, pulled the benchmark indices below crucial levels on November 11. The broader markets also corrected, with the Nifty Midcap 100 index declining 0.82 percent and Smallcap 100 index falling half a percent.

On November 11, the Nifty50 closed well below 18,000-mark, down 143.60 points at 17,873.60, while the BSE Sensex also settled below an important 60,000 levels, declining 433.13 points to 59,919.69.

However, stocks that were in focus include Pidilite Industries, which was the biggest gainer in the futures & options segment, rising 4.54 percent to close at Rs 2,474, and Narayana Hrudayalaya hit a fresh record high of Rs 623.15, before closing 4.43 percent higher at Rs 571.45.

Meanwhile, Monte Carlo Fashions was locked in upper circuit of 20 percent and closed at Rs 520.25.