Page 3 - Buzzing Stocks
Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged
SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.
 "Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged")
Avenue Supermarts dips 3% on profit booking post Q4 business update
The stock had gained up to 11 per cent in the last five straight trading sessions.
 "Avenue Supermarts dips 3% on profit booking post Q4 business update")
TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days
The board of directors are scheduled to meet on April 20, 2023 to consider the proposal for voluntary delisting of the equity shares of the company.
 "TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days")
Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP
Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile
 "Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP")
Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract
The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.
 "Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract")
CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4
Loans booked by consumer financier Bajaj Finance jumped 20 per cent YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year
 "CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4")
HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy
CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support
 "HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy")
Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high
In past four trading days, BSE smallcap index has rallied 5.3 per cent, as against 3.6 per cent rise in the S&P BSE Sensex.
 "Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high")
Pricol hits record high on heavy volumes; surges 30% in last 10 sessions
Pricol is expected to register steady business performance on healthy demand for its products from OEMs and export customers and sustain its operating profitability at current levels, as per analysts
 "Pricol hits record high on heavy volumes; surges 30% in last 10 sessions")
Two auto stocks touch 52-week highs; have zoomed up to 30% in two days
SML Isuzu zoomed 30 per cent, while Atul Auto rallied 28 per cent in the last two days after the companies reported a sharp surge in total monthly sales for March
 "Two auto stocks touch 52-week highs; have zoomed up to 30% in two days")
RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
 "RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%")
CreditAccess Grameen rallies 6% on hopes of strong earnings growth
Analysts believe the company is well positioned to capture huge untapped opportunity in MFI space via deeper penetration in new, existing geographies and increase in customer base.
 "CreditAccess Grameen rallies 6% on hopes of strong earnings growth")
Stocks to Watch: Bajaj Finance, RIL, ONGC, HDFC Bank, IndusInd, HCL Tech
Stocks to Watch: ONGC, Oil India, Reliance will be in focus as the Centre has slashed windfall tax on domestically produced crude oil to nil from Rs 3,500 a tonne, effective from April 4
 "Stocks to Watch: Bajaj Finance, RIL, ONGC, HDFC Bank, IndusInd, HCL Tech")
Sensex ends choppy day 115 pts up, Nifty near 17,400; OMC, gas stocks slide
CLOSING BELL: Gas stocks, including Mahanagar Gas and Indraprastha Gas, dropped up to 6 per cent after the government kept domestic gas prices unchanged
 "Sensex ends choppy day 115 pts up, Nifty near 17,400; OMC, gas stocks slide")
Here's why KPIT Technologies tumbled 8% on Monday
JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share
Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways
The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE
 "Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways")
Manappurm Finance hits 52-week high; up 11% in a week on improved outlook
CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.
 "Manappurm Finance hits 52-week high; up 11% in a week on improved outlook")
City gas distribution shares trade weak: MGL, IGL fall up to 6%
The government kept domestic gas prices unchanged at $8.6/mmBtu on a provisional basis from April 2023 to September 2023
 "City gas distribution shares trade weak: MGL, IGL fall up to 6%")
ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut
Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said
 "ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut")
Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns
The company has appointed Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company
 "Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns")
