Stocks to Watch, 16 January: Stocks like Infosys, ICICI Prudential Asset Management Company, HDB Financial Services, Nuvoco Vistas Corporation, Angel One, 360 ONE WAM, South Indian Bank, Swaraj Engines, Waaree Renewable Technologies, Biocon, and RailTel Corporation of India will be in focus on January 16.
On the Nifty 50, traders should remain cautious as the persistent gap openings and indecisiveness on the charts highlight the possibility of continued volatility, Sudeep Shah of SBI Securities advised.
Swaraj Engines net profit rose 22.7 percent sequentially and 5.5 percent annually to Rs 43.19 crore. The company's revenue rose 19 percent sequentially and 4.5 percent annually to Rs 399.8 crore.