Page 17 - Buzzing Stocks
Is the worst over for new-age tech companies? Here's what analysts say
Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month
 "Is the worst over for new-age tech companies? Here's what analysts say")
ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900
CLOSING BELL: Sensex and Nifty indices snapped their 2-day losing run, ralling on Tuesday as supportive global cues, ease in WPI inflation, and healthy buying in heavyweights lifted sentiment.
 "ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900")
Adani Enterprises bounces 17% from day's low on massive jump in Q3 profit
For Q3FY23, Adani Enterprises' consolidated profit after tax (PAT) came in at Rs 820 crore as against a loss of Rs 12 crore in the same quarter last fiscal (Q3FY22)
 "Adani Enterprises bounces 17% from day's low on massive jump in Q3 profit")
Stock of this smallcap company has zoomed over 50% in four trading days
Shares of WPIL were locked in the 10 per cent upper circuit on the BSE at 01:09 PM. The stock also hit a new high of Rs 1,791.65
 "Stock of this smallcap company has zoomed over 50% in four trading days")
ITC gains 3% a day ahead of turning ex-dividend; stock nears record high
With a modest 1 per cent increase in duty on cigarettes and improving outlook for FMCG and Hotels, brokerages think ITC is well positioned for a strong FY24.
 "ITC gains 3% a day ahead of turning ex-dividend; stock nears record high")
6 out of 10 Adani group stocks locked at 5% lower circuit in firm market
The Central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected.
 "6 out of 10 Adani group stocks locked at 5% lower circuit in firm market")
Nykaa extends fall post Dec quarter results; stock down 8% in two days
The company said gross margin declined due to change in BPC category mix, higher brand funded discount during festive season, consumer downgrades.
 "Nykaa extends fall post Dec quarter results; stock down 8% in two days")
Zee Entertainment dips 4%, nears 52-week low on weak Q3 results
The company said advertisement revenue YoY growth impacted due to FTA withdrawal (Zee Anmol) and slowdown in FMCG spends due to challenging macro-economic environment.
 "Zee Entertainment dips 4%, nears 52-week low on weak Q3 results")
Stocks to watch: Adani Enterprises, ONGC, Nykaa, IRB Infra, Castrol India
Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results
 "Stocks to watch: Adani Enterprises, ONGC, Nykaa, IRB Infra, Castrol India")
Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall
CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.
 "Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall")
Brokerages downgrade Lupin post weak Q3; see up to 17% downside
Lupin shares fell 7.5 per cent to Rs 681 apiece on the BSE in the intra-day trade
 "Brokerages downgrade Lupin post weak Q3; see up to 17% downside")
Natco Pharma jumps 4% on filing generic version of oncology drug in US
The drug major filed an abbreviated new drug application (ANDA) for generic versions of Olaparib tablets - 100 mg and 150 mg with the US Food and Drug Administration (USFDA)
 "Natco Pharma jumps 4% on filing generic version of oncology drug in US")
Oil India hits 8-month high on highest-ever quarterly profit in Q3FY23
In the past six months, Oil India soared 26 per cent, as against 3 per cent rise in the S&P BSE Sensex
 "Oil India hits 8-month high on highest-ever quarterly profit in Q3FY23")
Info Edge slumps 10% on Rs 116 cr Q3 loss; writes-off invst in 4B Network
The losses in the recent quarter mainly accrued as the company wrote off its investment in property tech start-up 4B Networks. It had invested Rs 276 crore in the start-up as of September 2022
 "Info Edge slumps 10% on Rs 116 cr Q3 loss; writes-off invst in 4B Network")
City Union Bank shares crash 13.5% after Q3 earnings dip on quarterly basis
According to analysts, CUB's results had several areas of weakness this quarter
 "City Union Bank shares crash 13.5% after Q3 earnings dip on quarterly basis")
Balkrishna Industries tanks over 11% as Q3 profit plunges 68% YoY
Its revenue from operations increased marginally by around 6 per cent to Rs 2,165.57 crore in Q3
 "Balkrishna Industries tanks over 11% as Q3 profit plunges 68% YoY")
Coforge slides 7% as over 7 million equity shares change hands on bourses
According to reports, Barings Private Equity was looking to sell part of its 40 per cent stake in Coforge via block deals
 "Coforge slides 7% as over 7 million equity shares change hands on bourses")
Stocks to watch: M&M, Nykaa, SAIL, Sun Pharma, NALCO, Oil India, Tata Steel
Stocks to watch today: SAIL, Nykaa, Power Finance Corporation, Gujarat Gas, Castrol India, Campus Activewear will report the October-December quarter (Q3FY23) results
 "Stocks to watch: M&M, Nykaa, SAIL, Sun Pharma, NALCO, Oil India, Tata Steel")
Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%
CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers
 "Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%")
MSCI cuts HCL Tech's weightage; stock trades as top loser on Sensex, Nifty
Shares of HCL Technologies slipped 3.3 per cent to Rs 1,108.55 on the BSE in Friday's intra-day trade on profit booking
 "MSCI cuts HCL Tech's weightage; stock trades as top loser on Sensex, Nifty")