Buzzing Stocks: These 2 stocks should be on your watchlist

The following 2 stocks are seeing frenzied buying interest from investors on 31 October 2022.

NGL Fine-Chem – Shares of the company witnessed a solid price volume break out in the first half of the trading session. The scrip rallied more than 17% to record an intra-day high of Rs 1,689.90 per share on NSE.

The company recently reported its financial results for the quarter that ended September 30, 2022. The company recorded a net profit of Rs 4.6 crore for Q2FY23 as against Rs 0.5 crore for Q1FY23, exhibiting a sequential growth of 9 times. EPS came in at Rs. 7.56 for Q2FY23 as compared to Rs 0.84 for the period ending June 30, 2022.

The company is a prominent animal health company in India with a global footprint. They are one of the leading manufacturers and exporters of human and veterinary active pharmaceutical ingredients (APIs), advanced intermediates and finished dosage forms.

They have three state-of-the-art production facilities in Maharashtra – two in Tarapur and the third in Navi Mumbai. Their distinctive product portfolio is pillared upon our potential to innovate, strong R&D capabilities and technologically advanced manufacturing facilities. These enable them to cater to the diverse needs of customers globally and help strengthen the NGL brand.

Infibeam Avenues – Shares of the fintech company rallied more than 9% in today’s session to hit an intra-day high of Rs 20.25 per share. Its 52-week high stands at Rs 24. The company informed the bourses last week that it has received in-principle authorisation to operate as a Payment Aggregator under the Payment and Settlement Systems Act from the Reserve Bank of India (RBI). The said authorisation permits the company to operate as a payment aggregator to provide digital payment services to any merchant(s) online or offline across the country.

Infibeam operates an online payment system with technology platform solutions across industry verticals. The company operates as a payment processor for online merchants, websites and commercial users for which it charges a fee on successful transactions.