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Trade Spotlight | What you should do with LIC Housing Finance, Laurus Labs, Coforge, Can Fin Homes, Bata India

Here's what Jayesh Bhanushali of IIFL Securities recommends investors should do with these stocks when the market resumes trading today

January 31, 2022 / 07:15 AM IST
Trade Spotlight

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The market had a strong rebound of 1.5 percent but failed to sustain those gains in the last couple of hours of trade and closed with minor losses on January 28, the first day of February series, as banks, and auto weighed on sentiment, however, the buying in FMCG, IT, pharma and select metals stocks restricted losses.

The BSE Sensex fell 77 points to end at 57,200 and the Nifty50 declined 8 points to 17,102, but the broader markets performed smartly as the Nifty Midcap 100 and Smallcap 100 indices rallied 1.5 percent and 1 percent.

Stocks that were in focus include LIC Housing Finance, Laurus Labs, Coforge, Can Fin Homes, and Bata India which were top five gainers in the futures and options segment on Friday.

LIC Housing Finance climbed 10.9 percent to Rs 383.15, Laurus Labs jumped 7.55 percent to Rs 499.80, and Coforge spiked 7.1 percent to Rs 4,713.25, while Can Fin Homes was up 6.9 percent at Rs 616, and Bata India rose 5.97 percent to Rs 2,072.75.