Stock Price to Watch on Jan 22, 2024

The best stock price to watch on Jan 22, 2024

As we approach January 22, 2024, the stock market outlook is influenced by various factors, including recent market performance, investor sentiment, and emerging trends. The S&P 500 index closed out a strong 2023 on a high note, gaining over 4% in December and finishing the year up more than 26% based on total return, positioning it on the brink of new all-time highs. Additionally, the market is witnessing a diverse mix of companies being highlighted as potential stock picks for 2024, ranging from sturdy consumer-staples plays to bets on new technological revolutions. Here are the top stocks to watch on Jan 22, 2024.

Nestle: A Swiss multinational food and beverage company that produces a wide range of products, such as milk, coffee, chocolate, noodles, cereals, and baby food. Nestle India is one of the country's leading FMCG companies, with brands like Maggi, Nescafe, KitKat, and Munch.

Share price: 97.43 INR

GAIL India: A state-owned natural gas company that is involved in gas transmission, distribution, processing, and marketing. GAIL India is the largest gas pipeline operator in India, with a network of over 12,000 km. It also has interests in petrochemicals, power, and renewable energy.

Share price: 166. 15 INR

IDFC: An integrated infrastructure finance company that provides loans, advisory, and asset management services for infrastructure projects. IDFC also has a banking subsidiary, IDFC First Bank, that offers retail and corporate banking products and services.

Share price: 124.85 INR

Vodafone: A British multinational telecom company that operates in various countries, including India. Vodafone India merged with Idea Cellular in 2018 to form Vodafone Idea, the second-largest mobile network operator in India, with over 300 million subscribers. Vodafone Idea offers voice, data, and digital services under the brands Vodafone and Idea.

Share price:15.05 INR

Atul: An Indian chemical company that manufactures and sells a variety of chemicals, such as aromatics, bulk chemicals, intermediates, colors, and polymers. Atul has a global presence, with exports to over 90 countries. It also has joint ventures with companies like BASF, Clariant, and Evonik.

Share price: 6470 INR

LTI Mindtree: An Indian IT services and consulting company that was formed by the merger of LTI and Mindtree in 2022. LTI Mindtree offers solutions for various domains, such as banking, insurance, manufacturing, retail, and media. It also has expertise in digital technologies, such as cloud, analytics, AI, and IoT.

Share price: 5658.00 INR

Bightom group: A diversified conglomerate that has interests in sectors such as real estate, hospitality, education, healthcare, and entertainment. Bightom Group owns and operates several brands, such as Bightom Homes, Bightom Hotels, Bightom Schools, Bightom Hospitals, and Bightom Cinemas.

Share price: 19.10 INR

BPCL: A state-owned oil and gas company that is engaged in refining, marketing, and distribution of petroleum products. BPCL is the third-largest oil refining company in India, with a capacity of over 38 million tonnes per annum. It also has a network of over 15,000 retail outlets, and a presence in aviation, LPG, lubricants, and renewable energy.

Share price: 481.20 INR

ONGC: A state-owned oil and gas company that is involved in exploration, production, and transportation of crude oil and natural gas. ONGC is the largest oil and gas producer in India, accounting for over 60% of the country's crude oil and 70% of its natural gas output. It also has overseas operations in 15 countries.

Share price: 241.90 INR

Zomato: An Indian online food delivery and restaurant discovery platform that connects customers with restaurants and cloud kitchens. Zomato operates in over 500 cities in India, and also has a presence in 23 other countries. Zomato offers services such as food ordering, table booking, subscription plans, and hyperpure.

Share price: 134.00 INR