Overnight Digest: Stocks to keep an eye on May 29!

Watch out for these large-cap stocks in Monday’s trading session!

The Indian benchmark indices ended the trading session sharply higher on Friday, boosted by robust gains in the FMCG, IT and metal sectors. The BSE Sensex soared 1.02 per cent to 62,501 level at the close. The Nifty 50 index climbed 0.97 per cent to a level of 18,499.

Watch out for these Large-Cap stocks in Monday’s trading session –

Reliance Industries – Shares of the company soared 2.79 per cent, leading the gains on the BSE Sensex, after the company reported that Reliance Consumer Products Ltd had completed the acquisition of a 51 per cent controlling stake in Lotus Chocolate Company. Following the favourable news, shares of Lotus Chocolate Company were locked at a 5 per cent upper circuit.

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Sun Pharmaceutical Industries – As a result of optimism sparked by the company’s excellent fourth-quarter results, shares of the major pharmaceutical company climbed 2.75 per cent on Friday. The company reported a consolidated net profit of Rs 1,984 crore for the fourth quarter of FY23, as opposed to a net loss of Rs 2,277 crore a year ago. Also, the board has proposed a final dividend of Rs 4 per share for the financial year FY23.

Info Edge (India) Ltd – In the March quarter of FY23, the company (Naukri) recorded a consolidated net loss of Rs 273 crore, compared to a profit of Rs 629 crore the previous year. Unexpectedly, shares ended the session 7.66 per cent higher, topping the gains in the BSE Largecap pack.