These three stocks became rockets including Shipping Corporation of India – 3 trending stocks to watch out for today

New Delhi: Major Indian equity benchmarks Nifty 50 and Sensex opened slightly lower in the opening session on Wednesday. However, later the market returned a bit faster. By 12.26 pm, the Sensex rose by +75.09 points to reach 61,836.42. The impact of the US inflation reading was seen on the global market. There was a decline in the global market. The effect of rising interest rates is visible in the world’s largest economy. The final leg of corporate earnings season is still in the limelight. Dr Reddy’s Labs, Godrej Consumer Products, Larsen & Toubro, Bosch and Gujarat Gas are scheduled to announce their financial results on Wednesday. Whereas SBI, HDFC Twins, ICICI Bank and Infosys were the first index drivers. These three trading stocks will be good to watch on Wednesday. Alembic Pharma: Alembic Pharma has received the inspection report of Jarod Solid Oral Formulation facility. Solind oral medication products for which US FDA ANDAs were filed will be subject to pre-approval inspection. On the strength of this news, the shares of Alembic Pharma reached Rs 572.75 per share.

Shipping Corporation of India: Shipping Corporation of India shares gained 8% after it announced stellar performance for the quarter ended March. The results of the company were declared on 10 May. At 9:32, the company’s shares were trading at Rs 100.71. The stock gained Rs 6.18 or 6.54%. It had increased by 24% in the previous month. The net profit of the company increased to Rs 376.9 crore in the March quarter. Whereas in the same period last year it was Rs 148 crore. The company’s EBITDA grew 42% to Rs 464.5 crore, while revenue grew 8.3% YoY to Rs 1,418.1 crore.

Gabriel India Limited: Gabriel Indian, the BSE-listed flagship of the Anand Group, and Inalfa Roof Systems (Inalfa), a USD 1.5 billion Dutch company, have entered into a technical tie-up. The company has tied up for expansion and to manufacture sunroof products for the Indian car market.

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