Page 22 - Buzzing Stocks
TVS Motor gains 3% in weak market on stable Q3 performance
Domestic demand is expected to improve sequentially in 4Q, supported by better rural market sentiment on the back of strong rabi crop sowing and higher MSPs.
 "TVS Motor gains 3% in weak market on stable Q3 performance")
Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3
The loss in the books was a result of adoption of stringent accounting practices by the Company due to continued shortfall in collections from one of the major customers, the company said.
 "Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3")
Stocks to Watch: Maruti, TVS Motor, Coffee Day, Indus Towers, SBI Card, IOC
Stocks to Watch: Bajaj Auto, Cipla, Dr.Reddy's, Tata Elxsi and Tata Motors are some of the prominent companies to announce Q3 results on Wednesday.
 "Stocks to Watch: Maruti, TVS Motor, Coffee Day, Indus Towers, SBI Card, IOC")
PG Electroplast soars 8%, hits new high on strong business outlook
For FY23, the company has maintained sales guidance of Rs 1,800 crore, up 64 per cent over FY22
 "PG Electroplast soars 8%, hits new high on strong business outlook")
IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
 "IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week")
Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts
Bajaj Auto Q3 preview: As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY23
 "Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts")
Tata Motors gains 4% on heavy volumes; stock surges 12% in one month
Tata Motors and its wholly-owned subsidiary JLR to report December quarter results on Wednesday, January 25, 2023.
 "Tata Motors gains 4% on heavy volumes; stock surges 12% in one month")
Gravita India surges 8% to hit record high after strong Q3 results
Analysts at ICRA believe that the company's credit profile is likely to improve in the near term, supported by higher share of value-added products and healthy volumetric growth
 "Gravita India surges 8% to hit record high after strong Q3 results")
Profit-booking in Axis Bank after strong Q3 results, stock slumps 2%
With Tuesday's decline, the stock price of Axis Bank corrected 6 per cent from its record high level of Rs 970.45, which it had touched on January 4, 2023
 "Profit-booking in Axis Bank after strong Q3 results, stock slumps 2%")
HDFC Bank rallies 7% in six days; stock inches towards all-time high
The management said the final hearing of NCLT, regarding the merger with HDFC, would take place on January 27, 2023, post which regulatory process will remain to be undertaken.
 "HDFC Bank rallies 7% in six days; stock inches towards all-time high")
Stocks to Watch: Axis Bank, Maruti, ConCor, HFCL, Zomato, BoB, Gold related
Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.
 "Stocks to Watch: Axis Bank, Maruti, ConCor, HFCL, Zomato, BoB, Gold related")
Persistent Systems hits 9-month high; rallies 15% in 3 days post Q3 results
The company's strong performance in recent years, healthy order book, and strong deal pipeline indicate an encouraging demand trend, said Motilal Oswal
 "Persistent Systems hits 9-month high; rallies 15% in 3 days post Q3 results")
Lloyds Metals hits new high on robust Q3 results; stock up 67% in 2 months
The company said that the revenue growth in Q3FY23 was driven by volume and price growth in both sponge iron and iron ore
 "Lloyds Metals hits new high on robust Q3 results; stock up 67% in 2 months")
Kabra ExtrusionTechnik surges 15%, nears 52-week high on strong Q3 show
The management said revenue growth in Q3FY23 was aided by strong growth in the Battrixx division revenues.
 "Kabra ExtrusionTechnik surges 15%, nears 52-week high on strong Q3 show")
Cement trades weak on profit-booking; UltraTech dips 3% post Q3 results
UltraTech Cement said that rising government spending, recovery in the rural economy on a pickup in farm incomes and pre-sales of housing real estate should also help the industry recover.
 "Cement trades weak on profit-booking; UltraTech dips 3% post Q3 results")
YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%
The management said it would be difficult to give guidance on margins (NIMs) due to pressure from pricing deposits.
 "YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%")
Reliance Industries gains 1% post December quarter earnings
The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.
 "Reliance Industries gains 1% post December quarter earnings")
Stocks to watch: ICICI Bank, RIL, UltraTech, Adani Ent, SBI Life, Petronet
Stocks to Watch: Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless and Tata Communications will be in focus ahead of Q3 results on Monday.
 "Stocks to watch: ICICI Bank, RIL, UltraTech, Adani Ent, SBI Life, Petronet")
Analysts cautious on IndusInd Bank despite all-round beat in Q3; here's why
Nuvama Institutional Equities has downgraded IndusInd Bank's stock to 'hold' from 'buy'
 "Analysts cautious on IndusInd Bank despite all-round beat in Q3; here's why")
PVR dips 5%, hits over 10-month low post December quarter results
According to analysts, key medium-term trigger for the stock will be the proposed merger with INOX, which likely to be consummated within a month
 "PVR dips 5%, hits over 10-month low post December quarter results")