Wed, May 1, 2024 9:24 AM
Donald Trump social media firm's rising shares pressure short-sellers: S3
A Flip by Shubhangi Gupta
💰Noida Toll Bridge Company underwent a substantial surge in its stock price, zooming by 5% indicating a strong breakout. 💰Surana Telecom And Power experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 5% upper circuit. 💰Yaari Digital Integrated Services experienced a notable increase in buying interest as the scrip zoomed & hit a 5% upper circuit.
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Sectorally, buying was seen in utilities, public sector, power and metal space while selling was seen in banks, auto, IT and FMCG stocks. Stocks that were in focus on Tuesday include names like 📌Rail Vikas Nigam which rose over 14% to hit a fresh record high, 📌Balkrishna Industries that was up 9% and 📌Poly Medicure which closed with gains of nearly 5% to a fresh high.
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Over the last few years, a global destocking crisis has been weighing hard on the chemical sector, especially specialty chemicals, a segment that had most analysts and experts bearish. But that seems to be changing even as recovery is not expected in the near term and hints of recovery in the second half of CY2025 are making some analysts optimistic.
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