Trade Spotlight | What to do with Federal Bank, TVS Motor, RVNL, HSIL stocks?

Trade Spotlight | What to do with Federal Bank, TVS Motor, RVNL, HSIL stocks?

Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends what investors should do with these stocks when the market resumes trading today.





October 25, 2021 / 08:17 AM IST





After hitting record highs, the market mood changed completely in favour of bears that pulled down the benchmark indices by 2.6 percent from the all-time highs of the last four consecutive sessions, including 0.35 percent loss seen on October 22.

On Friday, the selling pressure was seen in auto, FMCG, IT, metals and pharma stocks. But banking and financials helped the market curtail the losses. The BSE Sensex fell over 100 points to close around 60,800 levels and the Nifty50 lost over 60 points to close at 18,115 levels.

The broader markets continued to hit hard as the Nifty Midcap 100 index was down 0.87 percent and Smallcap 100 index 1.25 percent on Friday.

Stocks that were in focus include Federal Bank, which hit a multi-year high of Rs 105.70, the highest level since July 2019, before settling with 7.61 percent gains at Rs 103.90, reacting to the September quarter earnings. TVS Motor Company also responded strongly to its quarterly earnings, gaining 7.41 percent to Rs 619.80.

Rail Vikas Nigam was