Page 36 - Buzzing Stocks
Stock of this SME iron & steel products' company has zoomed 117% in 1 month
Rhetan TMT hit a new high of Rs 299.05, having rallied 327 per cent against its issue price of Rs 70 per share
 "Stock of this SME iron & steel products' company has zoomed 117% in 1 month")
LTIMindtree commences trading with its new name; stock down 1%
Shareholders of erstwhile Mindtree, delisted from November 23, 2022, have been issued shares of erstwhile LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree
 "LTIMindtree commences trading with its new name; stock down 1%")
Mahindra Finance up 6%, hits 52-week high on healthy disbursements in Nov
The company recorded a disbursement of approximately Rs 4,500 crore in November 2022, delivering a 75 per cent YoY growth, on the backdrop of positive macro environment.
 "Mahindra Finance up 6%, hits 52-week high on healthy disbursements in Nov")
Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days
The stock hit a new high at Rs 116.35 and has surged 111% from its record low of Rs 55.20 touched on May 11, 2022.
 "Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days")
TVS Motor dips 3% after 2.6 million shares change hands on BSE
At 09:15 am, around 2.6 million or 0.55 per cent holding of the company changed hands at the counter on the BSE, the exchange data shows.
 "TVS Motor dips 3% after 2.6 million shares change hands on BSE")
Bajaj Hindustan Sugar zooms 20% on payment of entire overdues
There are no overdues in our account and the account is fully regular with all the lenders as on date, the Bajaj Group company said.
 "Bajaj Hindustan Sugar zooms 20% on payment of entire overdues")
Venus Pipes gains 6% as Himalaya Finance buys 5 mn shares via open market
On December 1, 2022, Himalaya Finance & Investment Company purchased 5 million shares, representing 2.5 per cent of total equity, of Venues Pipes via block deal
 "Venus Pipes gains 6% as Himalaya Finance buys 5 mn shares via open market")
Auto shares trade weak post November sales; Eicher, M&M down up to 3%
M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.
 "Auto shares trade weak post November sales; Eicher, M&M down up to 3%")
Tata Steel hits over 3-month high in a weak market; stock up 6% in 4 days
The removal of export duty is a significant relief and a long term positive for the domestic steel sector, according to analyst at ICICI Securities.
 "Tata Steel hits over 3-month high in a weak market; stock up 6% in 4 days")
PB Fintech surges 6% after 5% equity changes hands on the NSE
Around 22.84 million shares representing 5 per cent of total equity of PB Fintech worth of Rs 1,042.53 crore changed hands in pre-open deals on the NSE today, the exchange data shows.
 "PB Fintech surges 6% after 5% equity changes hands on the NSE")
Skipper locked at 20% upper limit on heavy volumes; zooms 53% in two weeks
The stock now quotes at the highest level since September 2018, and saw trades of around 2 per cent of the equity size on Friday.
ONGC, Oil India jump up to 3% on sharp cut in windfall tax
The tax on crude oil produced by firms such as state-owned ONGC was reduced to Rs 4,900 per tonne from Rs 10,200 per tonne w.e.f December 02, 2022.
 "ONGC, Oil India jump up to 3% on sharp cut in windfall tax")
Mehul Kothari recommends to buy Astral, Voltas
The technical analyst from Anand Rathi recommends to keep a stop on Astral at Rs 1,860 and Voltas at Rs 815.
F&O Strategy: Here's why Nandish Shah recommends Bull spread on M&M Finance
The derivative analyst from HDFC Securities recommends to Buy M&M Finance 220 Call and simultaneously Sell 230 Call of the 29-December expiry.
 "F&O Strategy: Here's why Nandish Shah recommends Bull spread on M&M Finance")
Stocks to Watch: PB Fintech, NMDC, Axis Bank, Yes Bank, ONGC, Auto, Airline
Stocks to Watch Today: SoftBank Group is likley to sell a 5 per cent stake in PB Fintech via block deal at a base price of Rs 440 per share on Friday.
 "Stocks to Watch: PB Fintech, NMDC, Axis Bank, Yes Bank, ONGC, Auto, Airline")
This beverages company's stock has zoomed 54% in 6 days; hits 5-year high
Shares of Orient Beverages were locked in the 5-per cent upper circuit for a sixth straight trading day, hitting a five-year high of Rs 179.05 on the BSE on Thursday
 "This beverages company's stock has zoomed 54% in 6 days; hits 5-year high")
Zomato extends gain, up 5% in 2 days after Alibaba sold 263 million shares
Camas Investments bought 98 million shares worth Rs 608 crore of Zomato via block deal on the NSE on Wednesday
 "Zomato extends gain, up 5% in 2 days after Alibaba sold 263 million shares")
BLS Int'l at new high on fixing record date for 1:1 bonus; up 12% in 2 days
In the past six months, the stock price of BLS International has more-than-doubled, zooming 110 per cent, as compared to a 14 per cent rise in the S&P BSE Sensex
 "BLS Int'l at new high on fixing record date for 1:1 bonus; up 12% in 2 days")
Cement shares in focus; JK Lakshmi, Dalmia, JK Cement up over 12% in 1 mth
Analysts expect cement stocks to witness catch up activity after months of underperformance as many negatives seem to be priced-in
 "Cement shares in focus; JK Lakshmi, Dalmia, JK Cement up over 12% in 1 mth")
Likhitha Infra soars 22% in two days as Ashish Kacholia buys 2% stake
The company has fixed Friday, December 02, as the record date for ascertaining the eligibility of shareholders entitled for split/subdivision of shares