Page 16 - Buzzing Stocks
Medanta hits highest level since listing; stock surges 13% in 2 days
With past two days surge, the stock currently trades 54 per cent higher against its issue price of Rs 336 per share.
 "Medanta hits highest level since listing; stock surges 13% in 2 days")
Minda Corp, Pricol surge up to 6% amid stake sale buzz
Pricol said the promoters have absolutely no intent of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form.
 "Minda Corp, Pricol surge up to 6% amid stake sale buzz")
Stocks to watch: HDFC, Ambuja Cements, HAL, RailTel Corp, RPP Infra
Stocks to watch today: HDFC concluded sale of 10-year non-convertible debentures (NCDs) of Rs 25,000 crore; Ambuja Cements was selected as 'preferred bidder' for Uskalvagu limestone block in Odisha
 "Stocks to watch: HDFC, Ambuja Cements, HAL, RailTel Corp, RPP Infra")
Sensex, Nifty end flat amid late sell-off; IT, broader indices hold gains
CLOSING BELL: The BSE Sensex hit a fresh calendear year high at 61,682, before forfeiting most gains at close. Midcap, Smallcap indices gained nearly a per cent Thursday.
 "Sensex, Nifty end flat amid late sell-off; IT, broader indices hold gains")
Gokaldas Exports hits 4-month high, rallies 15% in one week post Q3 results
Once FTA with the UK happens, India can potentially see USD1bn of exports from this region
 "Gokaldas Exports hits 4-month high, rallies 15% in one week post Q3 results")
Bharat Dynamics soars 11% after it signs 10 MoUs at Aero India 2023
The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India - 2023
 "Bharat Dynamics soars 11% after it signs 10 MoUs at Aero India 2023")
PI Industries extends rally, soars 12% in two days on better growth outlook
The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns.
 "PI Industries extends rally, soars 12% in two days on better growth outlook")
Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile
Selective stocks like Bharat Petroleum Corporation, Divi's Laboratories, Hindalco Industries, Hero MotoCorp and State Bank of India, the technical charts are reflecting clear weakness.
 "Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile")
IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days
Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50
 "IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days")
Shares of ONGC, Oil India fire up as govt slashes windfall tax sharply
The reduction of windfall tax will reduce cess of domestic oil production companies like ONGC and Oil India.
 "Shares of ONGC, Oil India fire up as govt slashes windfall tax sharply")
InterGlobe Aviation slips 5% after 4% equity changes hands via block deal
Rakesh Gangwal was set to pare his stake in IndiGo by a further 4 per cent via block deals on Thursday. The block deal was said to be for 1.56 crore shares worth Rs 2,930 crore
 "InterGlobe Aviation slips 5% after 4% equity changes hands via block deal")
Stocks to watch: Nestle India, NTPC, HAL, Bharat Dynamics, MTNL, BEL
Stocks to watch today: Nestle India, and Schaeffler India will report the October-December quarter (Q3FY23) results on Thursday, February 16.
 "Stocks to watch: Nestle India, NTPC, HAL, Bharat Dynamics, MTNL, BEL")
Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%
CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.
 "Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%")
Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results
However, Kitex Garments said the company's order book in queue for 2023-24 indicates achieving a better performance in Q1 and normal performance by Q2
 "Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results")
Finolex Cables hits over 4-yr high; stock up 15% in a week post strong Q3
Finolex Cables said that the Union budget 2023 direct benefits to various segment of the company
 "Finolex Cables hits over 4-yr high; stock up 15% in a week post strong Q3")
Torrent Power soars 9% post Q3 results; announces special dividend
In Q3FY23, Torrent Power's consolidated net profit grew 88 per cent year-on-year at Rs 695 crore on account of higher income.
 "Torrent Power soars 9% post Q3 results; announces special dividend")
Eicher Motors rallies 5% on better than expected Q3 earnings
Management commentary suggests some raw material decline benefits along with price hike to come in effect from Q4FY23 onwards amid robust demand for its product profile .
 "Eicher Motors rallies 5% on better than expected Q3 earnings")
Siemens gains 3%, hits record high on strong operational performance in Q1
Overall, Siemens is expected to further strengthen its leadership position through further penetration of automation and digitization products & services across segments, ICICI Securities said
 "Siemens gains 3%, hits record high on strong operational performance in Q1")
Bharat Forge dips 7% on weak performance of overseas subsidiaries in Q3
The company's overseas operations posted an EBITDA loss of Rs 62 crore in December quarter due to ramp up related issues of the new Al forgings capacities in Germany and the US
 "Bharat Forge dips 7% on weak performance of overseas subsidiaries in Q3")
Stocks to watch: Eicher Motors, Voda Idea, Siemens, Bharat Forge, ONGC
Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore