Page 47 - Buzzing Stocks
SJVN soars 11% on commissioning 75 MW solar power project in Uttar Pradesh
The stock of state-owned electric utilities company traded at its highest level since February 2018.
 "SJVN soars 11% on commissioning 75 MW solar power project in Uttar Pradesh")
LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days
The company's board will discuss future strategic plans, inter-alia, potential raising of funds, in their forthcoming meeting on Monday, October 31, 2022
 "LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days")
Dabur to acquire 51% stake in Badshah Masala; stock rises 4%
The management said that the transaction is expected to be Cash EPS neutral in the first year and accretive thereafter.
 "Dabur to acquire 51% stake in Badshah Masala; stock rises 4%")
Sun Pharma gains 2%, conquers Rs 1,000-mark after gap of over 7 years
The stock traded higher for the third straight day and has gained nearly 4 per cent during the period. It quoted at its highest level since May 2015.
 "Sun Pharma gains 2%, conquers Rs 1,000-mark after gap of over 7 years")
Gland Pharma plunges 13%, hits 52-week low on disappointing Q2 results
Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin contracted 150 bps to 33 per cent from 38 per cent in a year ago quarter.
 "Gland Pharma plunges 13%, hits 52-week low on disappointing Q2 results")
NMDC trades ex-date for demerger; stock surges 14% on heavy volumes
NMDC shareholders will be eligible to get one share of NMDC Steel for every equity share held.
 "NMDC trades ex-date for demerger; stock surges 14% on heavy volumes")
Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss
In Q2FY23, Amber reported a net loss of Rs 2.3 crore as against profit of Rs 8 crore in the year ago period, dragged by fall in EBITDA margin and higher interest costs.
 "Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss")
Stocks to watch: Zee Ent, SBI Cards, Tata Chemicals, Glenmark Pharma, Dabur
Stocks to watch today: SBI Cards, Indus Towers will report July-September quarter results on Thursday, October 27; Sony India and Zee Ent plan to sell 3 Hindi channels to address anti-competition
ICICI Bank Q2: Analysts expect sustained outperformance, up to 24% upside
ICICI Bank Q2 result review: ICICI Bank shares hit record high of Rs 942.7 apiece as the lender outperformed peers on every metric in Q2FY23
 "ICICI Bank Q2: Analysts expect sustained outperformance, up to 24% upside")
Sensex snaps 7-day winning run, falls 288 pts; RIL slips 1.5%, Nestle 3%
CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent
 "Sensex snaps 7-day winning run, falls 288 pts; RIL slips 1.5%, Nestle 3%")
Laurus Labs hits 4-month low; stock slips 14% in 3 days post mixed Q2FY23
Despite mixed Q2FY23 performance, brokerages retain their 'buy' rating on Laurus Labs with a target price in the range of Rs 610 and Rs 630 per share.
 "Laurus Labs hits 4-month low; stock slips 14% in 3 days post mixed Q2FY23")
35% of Nifty smallcaps rally up to 150% in Samvat 2078: Will they keep up?
If the Nifty small-cap index manages to leap over the 200-day moving average (DMA), this would trigger a positive sentiment in most of the small-cap stocks
 "35% of Nifty smallcaps rally up to 150% in Samvat 2078: Will they keep up?")
This film production & distribution company stock has zoomed 108% in 8 days
On Tuesday, shares of Tips Films were locked in 10 per cent upper circuit at Rs 630 and has zoomed 108 per cent from level of Rs 303.2, which it had touched on October 13.
Nykaa hits record low; slips below issue price with 15% decline in 1 month
With the recent fall, the market price of Nykaa has tanked 56 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021
 "Nykaa hits record low; slips below issue price with 15% decline in 1 month")
SBI hits record high on hopes of strong Q2 earnings; stock up 11% in 8 days
SBI's core fundamentals continue to be on a strong footing and improvement in systemic growth should drive incremental re-rating for the stock, according to analysts
 "SBI hits record high on hopes of strong Q2 earnings; stock up 11% in 8 days")
Hindustan Unilever slips 5% in two days post September quarter earnings
The company's cost savings programme and tweaking of marketing spends would help it maintain higher operating margins, analysts said
 "Hindustan Unilever slips 5% in two days post September quarter earnings")
Stocks to watch: RIL, HUL, ICICI Bank, RBL Bank, IGL, Borosil Renewables
Stocks to watch today: Reliance Industries flat net profit at Rs 13,656 crore in Q2FY23; Chennai Petroleum will post Q2FY23 results on Tuesday, October 25
 "Stocks to watch: RIL, HUL, ICICI Bank, RBL Bank, IGL, Borosil Renewables")
Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth
Axis Bank shares hit a record high of Rs 905 on the BSE on Friday, surging 9.5 per cent in the intra-day trade, after the bank beat Street's September quarter earnings' expectations across parameters
 "Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth")
IEX slips 5%, hits 52-week low on disappointing September quarter results
The company said the volumes were impacted due to supply side constraints, led by high prices of e- auction coal, imported coal and gas
Triveni Turbine soars 5%, hits record high on healthy business outlook
The Company believes that the outlook for product order booking in the near-term is strong on the back of its healthy enquiry pipeline.
 "Triveni Turbine soars 5%, hits record high on healthy business outlook")