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Trade Spotlight | What should you do with HDFC, Apex Frozen Foods, Persistent Systems now?

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

December 03, 2021 / 09:07 AM IST
 
 
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It was another strong day for the market as the benchmark indices rallied more than 1 percent on December 2, driven by sectors like IT, auto, financial services, FMCG and metals.

The BSE Sensex rallied 776 points, or 1.35 percent, to close at 58,461, while the Nifty50 closed a tad above the 17,400 mark, with 235-point gains. The broader markets also witnessed buying interest as the Nifty Midcap 100 and Smallcap 100 indices gained 1.14 percent and 0.61 percent, respectively.

Stocks that were in focus include HDFC, which was the third-biggest gainer in the Nifty50, rising 3.85 percent, to Rs 2,807.80, and Persistent Systems, which rallied 4.41 percent to Rs 4,392.60. Apex Frozen Foods was also in action on Thursday, as it was locked in 20 percent upper circuit at Rs 297.50.

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