Page 45 - Buzzing Stocks
M&M Financial Services surges 9% on healthy business growth in Q2FY23
In October 2022, Mahindra Finance estimates the total disbursement of approximately Rs 5,250 crore, thus delivering 97 per cent growth over October 2021.
 "M&M Financial Services surges 9% on healthy business growth in Q2FY23")
Relaxo Footwears tanks 7%, hits 52-week low on weak Q2 performance
In Q2, EBITDA margins declined to 8.9 per cent, down 445 bps YoY and 400 bps on QoQ, due to higher raw material cost.
 "Relaxo Footwears tanks 7%, hits 52-week low on weak Q2 performance")
Varun Beverages soars 12% in 3 days, nears record high on strong Q3 results
Going ahead, VBL expects double-digit volume growth to continue, led by 5-10 per cent annual outlet expansion and growth in revenue per outlet
 "Varun Beverages soars 12% in 3 days, nears record high on strong Q3 results")
Stocks to Watch: Wipro, Dalmia Bharat, JK Cement, HDFC, Rail Vikas Nigam
Stocks to Watch today: Wipro has launched a new financial services consulting capability in India named Capco
 "Stocks to Watch: Wipro, Dalmia Bharat, JK Cement, HDFC, Rail Vikas Nigam")
Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision
Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.
 "Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision")
Stock of this IT enabled services company has zoomed 73% in 11 trading days
Shares of Axiscades Technologies continued their northward movement as they froze 10 per cent upper circuit at Rs 282.95 per share in Wednesday's intra-day trade
 "Stock of this IT enabled services company has zoomed 73% in 11 trading days")
ITC hits new high in a subdued market; zooms 63% thus far in 2022
Post Q2 results, most brokerages have either recommended a 'buy' and an 'accumulate' rating on ITC with target prices in the range of Rs 365 to Rs 405
 "ITC hits new high in a subdued market; zooms 63% thus far in 2022")
Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results
Thus far in FY23, MDL (up 277%), GRSE (201%) and Cochin Shipyard (185%) have seen their market price appreciated more than 100%, as against nearly 4% rise in Sensex.
 "Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results")
Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results
The bank said the significant jump in net profit is mainly because of improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement, among others
 "Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results")
Max Healthcare rallies 5%; hits record high on healthy Q2 results
The growth in Q2FY23 revenue and operating EBITDA were driven by higher occupancies, improved payor mix, and increased ARR in OPD.
 "Max Healthcare rallies 5%; hits record high on healthy Q2 results")
LIC Housing Finance plunges 13% on disappointing September quarter results
LIC Housing Finance's net interest income (NII) declined by 0.8 per cent to Rs 1,163 crore in the reporting quarter from Rs 1,173 crore a year ago.
 "LIC Housing Finance plunges 13% on disappointing September quarter results")
Stocks to Watch: Tech M, Adani Ports, Hero Moto, Voltas, Eicher Motors, RIL
Stocks to watch today: Tech Mahindra's net profit for Q2 FY23 was down 4 per cent at Rs 1,285 crore due to supply-side pressure; NCC received two new orders worth Rs 1,056 crore in October
 "Stocks to Watch: Tech M, Adani Ports, Hero Moto, Voltas, Eicher Motors, RIL")
Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead
MARKET WRAP: Pharma, power and IT stocks were the major gainers in trade on Tuesday, while index heavyweight Reliance Industries and select banking shares ended on a tepid note.
 "Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead")
NTPC surges over 4% on heavy volumes; stock nears 5-year high
With strong focus on alternate energy spectrum, analysts at ICICI Securities believe NTPC may be able to break the underperformance of the last decade
 "NTPC surges over 4% on heavy volumes; stock nears 5-year high")
Sun Pharma extends gains post September quarter earnings; up 6% in two days
The management said the strong revenue and margins were driven by market share gain in India, sustained ramp-up of the company's global specialty business and growth in Emerging Markets
 "Sun Pharma extends gains post September quarter earnings; up 6% in two days")
Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23
The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22
 "Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23")
Larsen & Toubro nears record high after strong Q2FY23, healthy order book
Analysts believe that L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in the domestic market
 "Larsen & Toubro nears record high after strong Q2FY23, healthy order book")
Motherson Sumi Wiring slips 6% on margin disappointment in Q2
MSWIL said margin was impacted due to initial one-time startup costs of new programs at Bengaluru, and a new facility at Chennai
 "Motherson Sumi Wiring slips 6% on margin disappointment in Q2")
Canara Bank hits 3-yr high; stock zooms 33% in 3 weeks on strong Q2 results
The bank had reported an 89% jump in net profit to Rs 2,525 crore in Q2FY23, aided by higher net interest income that came on the back of a healthy growth in advances
 "Canara Bank hits 3-yr high; stock zooms 33% in 3 weeks on strong Q2 results")
Axis Bank slips 2% after 1.2% equity changes hands on BSE via block deal
At 09:15 AM, around 38.99 million shares representing 1.2 per cent of total equity of Axis Bank changed hands on the BSE, the exchange data shows.
 "Axis Bank slips 2% after 1.2% equity changes hands on BSE via block deal")