Page 27 - Buzzing Stocks
Stock price of this SME company has zoomed 311% against its issue price
Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period.
 "Stock price of this SME company has zoomed 311% against its issue price")
Apar Industries hits new high; zooms 98% in 6 months on positive outlook
In the past one year, the stock has skyrocketed 145 per cent, as against a marginal 0.24 per cent rise in the S&P BSE Sensex
 "Apar Industries hits new high; zooms 98% in 6 months on positive outlook")
IRB Infra dips 4% on profit-booking; board approves 1:10 stock split
Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.
 "IRB Infra dips 4% on profit-booking; board approves 1:10 stock split")
Tyre stocks in demand; TVS, JK Tyre, Apollo, Balkrishna, MRF rally up to 7%
Tyre stocks surged in an otherwise subdued market on expectation of margins improvement amid falling raw material price
 "Tyre stocks in demand; TVS, JK Tyre, Apollo, Balkrishna, MRF rally up to 7%")
BF Investment hits 10% lower circuit as board defers delisting proposal
The stock had hit a multi-year high of Rs 462.10 on Wednesday, ahead of the board meeting, after it surged 58 per cent in four days
 "BF Investment hits 10% lower circuit as board defers delisting proposal")
Mahindra Finance gains 3% as RBI lifts ban on outsourcing loan recovery
On September 22, 2022, the RBI had directed company to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.
 "Mahindra Finance gains 3% as RBI lifts ban on outsourcing loan recovery")
Stocks to Watch: Bajaj Finance, Marico, M&M Fin, IRB Infra, Adani Ports
Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million
 "Stocks to Watch: Bajaj Finance, Marico, M&M Fin, IRB Infra, Adani Ports")
IndusInd Bank slips 5% in a weak market despite strong Q3 update
While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per cent
 "IndusInd Bank slips 5% in a weak market despite strong Q3 update")
TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market
Indian electronics industry is estimated to grow at a CAGR of 25 per cent from Rs 8.72 trillion in FY21 to Rs 26.5 trillion in FY25, the company said
Stock of this private defense company has zoomed 170% in 6 months
In the past three months, the stock of Apollo Micro Systems has outperformed market as shares surged 75 per cent, as against 4.8 per cent rise in the S&P BSE Sensex.
 "Stock of this private defense company has zoomed 170% in 6 months")
Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz
The BSE had sought clarification from Orient Cement on January 3, 2023, regarding reports stating that Adani Group was in talks to buy promoter stake In the company
 "Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz")
Radiant Cash makes a decent debut, lists at 10% premium to its issue price
Post listing, the stock moved higher to Rs 110, 17 per cent higher over its issue price of Rs 94 per share on the NSE
 "Radiant Cash makes a decent debut, lists at 10% premium to its issue price")
Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan
RBI gave approval to SBI Funds Management Limited (SBIFML) to acquire up to 9.99 per cent of the paid-up equity capital of the Bank through the schemes of SBI Mutual Fund (SBIMF).
 "Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan")
Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval
Once RNAVAL is acquired, the company will have a new and robust sector at its behest, the company's management said
 "Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval")
Rama Steel hits new high after it clocks highest-ever sales volume in Q3
In the past three months, the stock rallied 75 per cent, as against 8 per cent rise in the S&P BSE Sensex
 "Rama Steel hits new high after it clocks highest-ever sales volume in Q3")
Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%
Kotak Institutional Equities has initiated coverage on Life Insurance Corporation of India (LIC) with a 'buy' rating and a fair value of Rs 1,000
 "Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%")
Power Finance Corporation surges 5% on heavy volumes; hits over 5-year high
In past six months, the stock has zoomed 51 per cent, as against 8 per cent gain in the S&P BSE Sensex.
 "Power Finance Corporation surges 5% on heavy volumes; hits over 5-year high")
PSP Projects hits record high as it emerges L1 bidder for a govt project
In the past one month, PSP Projects outperformed the market as shares surged 18 per cent, as against 3 per cent decline in the S&P BSE Sensex.
 "PSP Projects hits record high as it emerges L1 bidder for a govt project")
Zomato dips 4% as co-founder, CTO Gunjan Patidar quits company
Gunjan Patidar is the fourth co-founder to exit the company since 2018 and also the fourth top level exit in the company in past two months.
 "Zomato dips 4% as co-founder, CTO Gunjan Patidar quits company")
Jefferies turns 'positive' on Indian metals on easing Covid curbs in China
The change in stance comes after almost a year of cautionary view. The Nifty Metal index advanced over 2 per cent while shares of Tata Steel surged nearly 6 per cent
 "Jefferies turns 'positive' on Indian metals on easing Covid curbs in China")