Page 37 - Buzzing Stocks
Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%
The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%
 "Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%")
Stocks to Watch: TCS, KPI Green, Siemens, Alstom India, Apollo Hospitals
Stocks to Watch Today: In the F&O space, BHEL, Delta Corp, Indiabulls Housing Finance and PNB are the stocks in ban period on Thursday.
 "Stocks to Watch: TCS, KPI Green, Siemens, Alstom India, Apollo Hospitals")
Hotel shares in demand; TajGVK, Lemon Tree, Oriental Hotel rally up to 9%
Occupancy rate is expected to improve further from the pre-pandemic levels, on the back of strong demand drivers including resumption in foreign inbound travel, says analyst at Motilal Oswal.
 "Hotel shares in demand; TajGVK, Lemon Tree, Oriental Hotel rally up to 9%")
This newly listed SME stock has zoomed 107% against its issue price
With today's rally, the stock price of Technopack Polymers has more-than-doubled or zoomed 107 per cent against its issue price of Rs 55 per share
 "This newly listed SME stock has zoomed 107% against its issue price")
Gland Pharma enters into agreement to acquire Cenexi; stock slips 5%
The acquisition provides Gland Pharma access to leading know-how and development capabilities in sterile forms including for ophthalmic gel, needleless injectors and hormones, the company said
 "Gland Pharma enters into agreement to acquire Cenexi; stock slips 5%")
JK Lakshmi Cement hits record high, stock soars 28% in November
The stock was trading higher for the third straight day and has gained 6 per cent during this period.
 "JK Lakshmi Cement hits record high, stock soars 28% in November")
353 million shares of Zomato change hands on NSE; stock trades firm
According to media reports, Alibaba Group Holding Ltd plans to sell a stake of about 3 per cent in Indian food delivery firm Zomato worth $200 million through a block deal
 "353 million shares of Zomato change hands on NSE; stock trades firm")
Stocks to Watch: Zomato, SBI, Adani Group, Britannia, ONGC, Gland Pharma
Stocks to Watch Today: According to reports, Zomato is likely to witness a block deal on Wednesday.
JK Tyre hits all-time high; share price more than doubles in 5 months
Till 02:35 pm, a combined 14.7 million equity shares representing 6 per cent of total equity of the company had changed hands on the NSE and BSE.
 "JK Tyre hits all-time high; share price more than doubles in 5 months")
Cosmo First soars 17% in 2 days on company's share buyback plan
Despite the past two days' rally, the stock of Cosmo First has underperformed the market in the past six months by falling nearly 30 per cent
 "Cosmo First soars 17% in 2 days on company's share buyback plan")
IDBI Bank hits 52-week high, rallies 15% in four days on heavy volumes
Finance ministry on Sunday has clarified that IDBI Bank will continue to operate as an 'Indian private sector bank' after its strategic sale.
 "IDBI Bank hits 52-week high, rallies 15% in four days on heavy volumes")
FMCG index surges nearly 2%; ITC, Dabur, Marico, HUL, GCPL rally up to 6%
Normal monsoons, good harvest & increase in MSP will drive demand in rural markets in the near/medium term, according to analysts.
 "FMCG index surges nearly 2%; ITC, Dabur, Marico, HUL, GCPL rally up to 6%")
VA Tech Wabag surges 10% in two days, nears 52-week high on stable outlook
The company has strong revenue visibility with an outstanding order book as on 30 September 2022 of about Rs 9,200 crore (FYE22: RS 9,800 crore), which is around 3x of its annual revenue of FY22.
 "VA Tech Wabag surges 10% in two days, nears 52-week high on stable outlook")
Laurus Labs hits 52-week low, tanks 7% on margin concerns
Laurus has witnessed severe pricing pressure and lower volumes in its ARV formulations portfolio for five quarters now, resulting in significant pressure on core margins, say analyst.
 "Laurus Labs hits 52-week low, tanks 7% on margin concerns")
Stocks to Watch: HCL Tech, Lupin, Fusion Micro Fin, Five-Star, NBCC, PNB
Stocks to Watch Today: Newly listed Fusion Micro Finance and Five-Star Business are likely to be in focus on the back of strong Q2 performance reported by the companies.
 "Stocks to Watch: HCL Tech, Lupin, Fusion Micro Fin, Five-Star, NBCC, PNB")
MSTC hits 20% upper circuit, counter logs volume of over 8% of total equity
A combined 5.83 million equity shares representing 8.3 per cent of total equity of the company had changed hands at the counter on the NSE and BSE so far.
 "MSTC hits 20% upper circuit, counter logs volume of over 8% of total equity")
Tyre stocks on a roll; Apollo Tyres hits record high, Ceat 52-week high
The raw material (RM) and other input costs have started softening after a long spell of unprecedented increase, which is likely to improve margins in the medium term for tyre companies
 "Tyre stocks on a roll; Apollo Tyres hits record high, Ceat 52-week high")
Reliance Industries surges 3%, trades at five-month high
Shares of Reliance Industries were trading higher for the third straight day, and have gained 5.4 per cent during the period.
 "Reliance Industries surges 3%, trades at five-month high")
IEX falls 2% as board approves Rs 98 crore share buyback via open market
The board approved buyback of equity shares of the company at a price not exceeding Rs 200 per share and not exceeding Rs 98 crore through the open market
 "IEX falls 2% as board approves Rs 98 crore share buyback via open market")
Paytm dips 4% intra-day as RBI asks arm not to onboard new online merchants
This has no material impact on our business and revenues, since the communication from RBI are applicable only to on boarding of new online merchants, Paytm said
 "Paytm dips 4% intra-day as RBI asks arm not to onboard new online merchants")