Page 32 - Buzzing Stocks
Sugar stocks on roll; Dalmia, Dhampur, Rajshree, Sakthi zoom up to 20%
The government of India has taken a slew of measures in the past couple of years that have changed the dynamics of the sugar industry
 "Sugar stocks on roll; Dalmia, Dhampur, Rajshree, Sakthi zoom up to 20%")
Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana
Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.
 "Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana")
IRCTC stock is still richly valued despite fall since news of OFS
While business prospects remain unchanged, one-year average target price of analysts is Rs 600
 "IRCTC stock is still richly valued despite fall since news of OFS")
Sensex tanks 461 pts, Nifty below 18,300 amid global rout; all sectors fall
CLOSING BELL: Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 per cent. This was followd by losses in the Nifty Realty, Pharma, and Media indices, down over 1 per cent each
 "Sensex tanks 461 pts, Nifty below 18,300 amid global rout; all sectors fall")
IRCTC down 9% in 2 days amid OFS by govt; stock slips below floor price
With today's low of Rs 668.25, the stock has fallen below its floor price of Rs 680 per share set for Offer for sale
 "IRCTC down 9% in 2 days amid OFS by govt; stock slips below floor price")
Mahindra CIE surges 16% in two days, hits 52-week high in weak market
India is projected to be one of the fastest growing large economies in the world and CIE Automotive's global strategy continues to focus on India as a key market, the company said
 "Mahindra CIE surges 16% in two days, hits 52-week high in weak market")
ONGC, Oil India hits over 5-month high after govt slashes windfall tax
On Friday, the Union government slashed the windfall tax on domestically produced crude oil and diesel effective December 16, 2022
 "ONGC, Oil India hits over 5-month high after govt slashes windfall tax")
ITC stock hits 2-month low amid market weakness, slips 4% in two days
Reliance Consumer's foray into FMCG, through brand 'Independence', could be a threat to existing FMCG companies in the foods space, analysts said
 "ITC stock hits 2-month low amid market weakness, slips 4% in two days")
Sugar stocks sweeten in weak market on hopes of higher export limit
Rajshree Sugars, Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan have zoomed in the range of 10 per cent to 19 per cent in intra-day trades so far.
 "Sugar stocks sweeten in weak market on hopes of higher export limit")
GMM Pfaudler plunges 18% after over 11 mn shares change hands in block deal
Till 09:30 AM, a combined around 11.18 million shares, representing nearly 25 per cent of the total equity of the company, had changed hands on the NSE and BSE
 "GMM Pfaudler plunges 18% after over 11 mn shares change hands in block deal")
Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon
Stocks to watch today: Wipro inked multi-year digital transformation partnership with fintech firm Finastra; HPCL aims to raise around Rs 10,000 crore in debt to fund oil refining operations
 "Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon")
Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit")
Fertiliser shares rally in weak market; MFL, NFL, RCF surge up to 18%
In the past one month, the market prices of RCF, MFL, FACT and NFL have surged in the range of 38 per cent to 60 per cent on the BSE
 "Fertiliser shares rally in weak market; MFL, NFL, RCF surge up to 18%")
Stock price of these two PSU banks have zoomed around 150% in last 22 days
In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.
 "Stock price of these two PSU banks have zoomed around 150% in last 22 days")
Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
 "Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands")
IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission
DIPAM extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of the Bank to January 7 2023 from December 16 2022.
 "IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission")
IRCTC dips 5% after government sets OFS floor price at steep discount
The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.
Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC
Stocks to watch today: M&M will invest Rs 10,000 crore to set up an electric vehicle (EV) manufacturing facility in Pune; Bharti Airtel launched 5G Plus services at no-extra cost in Lucknow
 "Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC")
Rs 850-crore buyback at premium to support Paytm stk in near-term: JPMorgan
The number of shares bought back will be 10.5 million at the maximum buyback price of Rs 810, representing 1.6 per cent of the paid-up share capital
 "Rs 850-crore buyback at premium to support Paytm stk in near-term: JPMorgan")
Sensex gains 145 pts ahead of US Fed outcome; YES Bank slumps 8%, Paytm 2%
CLOSING BELL: The broader markets, on the other hand, outperformed the benchmark indices as the BSE MidCap and SmallCap indices advanced 0.59 per cent and 0.68 per cent, respectively
 "Sensex gains 145 pts ahead of US Fed outcome; YES Bank slumps 8%, Paytm 2%")