Page 31 - Buzzing Stocks
Maruti Suzuki slips 3%, hits over 5-month low
The taxes on motor vehicles in India have historically been among the highest in the world and need to be rationalised, MSIL Chairman RC Bhargava said at an event on Monday.
 "Maruti Suzuki slips 3%, hits over 5-month low")
Finolex Industries hits over 10-month high; surges 8% on heavy volumes
The biggest drivers of growth in the Indian piping industry are the rising demand for the irrigation, water supply and sanitation sectors
 "Finolex Industries hits over 10-month high; surges 8% on heavy volumes")
Healthcare stocks rally up to 8% as Covid cases spurt in China, Japan
Reports suggest that Union Health Minister Mansukh Mandaviya will review the Covid-19 pandemic situation, in view of a spurt in COVID-19 cases in Japan, South Korea, Brazil, China and the US.
 "Healthcare stocks rally up to 8% as Covid cases spurt in China, Japan")
Shyam Metalics up 9%; forays into stainless steel biz with Mittal Corp buy
On Tuesday, SMEL announced their third acquisition of Mittal Corp with a foray into the stainless steel (SS) / wire rod & bar mill business.
 "Shyam Metalics up 9%; forays into stainless steel biz with Mittal Corp buy")
JK Paper hits record high; stock rallies 10% in four days on stable outlook
In the past one year, the stock price of the paper maker has more-than-doubled or zoomed 129 per cent, as against 10 per cent gain on the S&P BSE Sensex.
 "JK Paper hits record high; stock rallies 10% in four days on stable outlook")
City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA
The Reserve Bank of India found divergence of Rs 259 crore in additional gross NPA for the financial year 2021-22.
 "City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA")
Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy
Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.
 "Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy")
Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
 "Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350")
PSP Projects soars 9% to hit record high on strong revenue visibility
So far in the financial year 2022-23 (FY23), PSP received total orders worth of Rs 1,833.09 crore
 "PSP Projects soars 9% to hit record high on strong revenue visibility")
Shipping Corporation hits 52-week high; up 17% in 2 days on demerger update
The Final hearing before the Ministry of Corporate Affairs in New Delhi for obtaining sanction on the Scheme of Arrangement for demerger is fixed on Thursday, December 29, 2022
 "Shipping Corporation hits 52-week high; up 17% in 2 days on demerger update")
IRB Infra gains 3% as board plans to mull stock split proposal on January 4
In the past one month, the stock of IRB Infra outperformed market, as they surged 29 per cent, as compared to nearly 1 per cent decline in the S&P BSE Sensex
 "IRB Infra gains 3% as board plans to mull stock split proposal on January 4")
LIC hits over 6-month high; stock gains 10% in two days
In past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the S&P BSE Sensex.
 "LIC hits over 6-month high; stock gains 10% in two days")
Dabur India dips 3% as 1% equity change hands via block deals
At 09:15 am, around 18.2 million equity shares, representing 1.02 per cent of total equity of Dabur India, changed hands on the BSE
 "Dabur India dips 3% as 1% equity change hands via block deals")
Stocks to Watch: Hinduja Global, Just Dial, IRB Infra, SWRE, Ramco Systems
Stocks to Watch Today: Larsen & Toubro is also likely to see some action on Tuesday as the engineering major is looking to pare stake in its subsidiaries - Nabha Power and Hyderabad Metro.
 "Stocks to Watch: Hinduja Global, Just Dial, IRB Infra, SWRE, Ramco Systems")
Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise
CLOSING BELL: Sectorally, the Nifty IT index was the most downbeat sector as it dipped 0.5 per cent as Accenture's Q1FY23 results rang alarm bells for Indian IT companies
 "Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise")
Maha govt okays Lloyds Metals' Rs 20,000-cr project; stock up 26% in 4 days
The company clarified that these approvals are preliminary and require a series of regulatory and internal approvals
 "Maha govt okays Lloyds Metals' Rs 20,000-cr project; stock up 26% in 4 days")
UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz
According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.
 "UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz")
Nykaa hits new all-time low amid slew of block deals in past one month
In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.
 "Nykaa hits new all-time low amid slew of block deals in past one month")
Speciality Restaurants surges 14%, nears 52-week high on fund raising plan
The company's board will meet on Wednesday, December 21, 2022, to consider and evaluate proposals for raising of funds by way of issue of equity shares or any other eligible convertible securities.
 "Speciality Restaurants surges 14%, nears 52-week high on fund raising plan")
GIC Re, New India Assurance extend rally; surge up to 40% in one month
On Monday, shares of General Insurance Corporation hit a fresh 52-week high at Rs 182.65, up 10 per cent; New India Assurance rallied 8 per cent.
 "GIC Re, New India Assurance extend rally; surge up to 40% in one month")