On Thursday, July 25, 2024, several stocks are poised to attract investor attention due to recent market movements and company developments.
Here are the key stocks to watch:
Apex Frozen Foods Ltd: The stock has recently hit a new high of ₹312.07, reflecting strong upward momentum. Over the past month, it has delivered a remarkable 35% return, driven by government initiatives supporting shrimp exports. The stock was also locked in an upper circuit of 20%, indicating robust buyer interest.
IFCI Ltd: This government-owned non-banking finance company has seen its shares locked in an upper circuit of 20% today. It has delivered an impressive year-to-date return of 189.48%, making it a stock to keep on the radar for potential further gains.
Thyrocare Technologies Ltd: Engaged in the healthcare sector, Thyrocare’s shares experienced a significant surge in trading volume, exceeding its weekly average by 40.24 times. This surge may signal positive investor sentiment, warranting attention from traders.
Avanti Feeds Ltd: The stock closed up by 14.05% and reached a new 52-week high of ₹764.40. With a year-to-date return of 68.27%, it is actively traded and should be monitored for ongoing investor interest.
Tips Industries Ltd: The company announced a substantial dividend of 200% per share, with the record date set for August 1, 2024. This positive news could attract investors looking for dividend opportunities, making it a stock to watch closely.
Market Overview
The broader market has shown mixed sentiment, with the benchmark indices, Sensex and Nifty, closing lower on the previous day. The Sensex dipped by 0.35% to 80,148.89, while the Nifty fell by 0.27% to 24,413.50. Despite this, the Nifty Mid-cap and Small-cap indices posted gains, indicating a divergence in market performance. The India VIX, a measure of market volatility, decreased by 7.73%, suggesting a calmer trading environment ahead.Investors should consider these stocks based on their recent performance and market conditions, keeping an eye on broader economic indicators and company-specific news that could influence stock prices in the coming days.
