Big Movers on D-St: What should investors do with KEI Industries, Ipca Laboratories and GSFC?

April 27, 2023

The Indian market closed higher on Wednesday, with S&P BSE Sensex up over 150 points and Nifty50 above 17800 levels. The buying was seen in realty, capital goods, telecom, and power sectors but selling was visible in metals, oil & gas, energy, and healthcare sectors. KEI Industries stock surged up to 5.78% intraday and GSFC shares gained over 20%, while IPCA Laboratories stock fell more than 5% following investors’ negative reaction to the company’s purchase of a 33% share in Unichem Laboratories. Equity Research, CapitalVia Global Research recommends avoiding the latter stock and buying KEI and GSFC shares.

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