Finolex Industries stock hit a 52-week high of Rs 259 on 4th September 2023, but failed to hold on to the momentum. It bounced back after taking support above the 50-DMA on the daily charts last week. In terms of price action, the stock is trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.
Buying was seen in realty, utilities, metal, power and capital goods on Tuesday while selling was seen in telecom, FMCG and healthcare. Stocks that were in focus on Tuesday include names like Finolex Industries that gained over 7%; BEML that rose over 13% and Gujarat Pipavav Port that closed with gains of over 7%.
12:30 pm
After staging a gap-up opening, Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.
Benchmark indices extended their winning streak into sixth straight session with both Sensex and Nifty ending at record closing highs.
At the closing bell, the BSE Sensex stood higher by 617 points (up 1.2%).
The NSE Nifty closed higher by 192 points (up 1.3%). --- Advertisement ---
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Read more about Finolex Industries surges 16% on robust Q3 results, 1:5 stock split on Business Standard. The company said the rationale behind the stock split is to improve the liquidity of the company's shares on the stock market and also to make the same available to small investors