1) Beaten down Cement stocks are witnessing fresh buying today after a long time. The market expectation that the Cement demand will improve post-monsoon. Cement stocks expected to be benefitted after gradually reopening of lockdown and an increase in construction activities. Moreover, cement stocks not yet participated in the rally of the market despite Nifty surged to a 7-month high.2) Expects Diagnostic stocks will be positive after Thyrocare Technologies announced strong earning guidance. Stock gained nearly 30% in the last two trading sessions after the announcement. Company says that it has conducted more than 4 lakh Covid-19 RT-PCR tests and more than 3.2 lakh Covid-19 antibody tests as on September 30. Have enhanced capacity to do RT-PCR tests up to 400 per hour. Revenue for the quarter up 37% as compared to last year and up 171% as compared to the previous quarter. Expects positive for other Diagnostic stocks like Dr Lal Path lab, Metropolis and Apollo Hospital. #MOMarketUpdates #MotilalOswal #IndianStockMarket #nifty #sensex #NSE #cement #Medical #healthcare
Posted On: 07 Oct 2020 6:28 PM
