Page 49 - Buzzing Stocks

Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak

CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each

TVS Motor gains 4%, scales new summit on hopes of strong Q2 earnings

The company said it has had a robust start to the festive season and the demand is expected to further accelerate during the season.

Tata Elxsi dips 14% in 2 days, hits 3-month low post weak Q2 revenue growth

With the past two days' decline, Tata Elxsi's market price has corrected 32 per cent from its record high level of Rs 10,760

Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'

Sun Pharmaceutical Industries is the only other stock among the Sensex 30 and Nifty 50 that trades in the overbought category, technically.

Samvardhana Motherson slips 7%, hits new 52-week low after block deal

At 09:15 AM, around 133.35 million shares representing 2.95 per cent of total equity of the company changed hands on the BSE in a block deal, the exchange data shows.

Zee Entertainment surges 6% after 53 mn shares change hands via block deal

According to reports, Invesco Developing Markets Fund, which has a 10.14 per cent stake in ZEE, was looking to sell half of its stake in the company in a block deal

Stocks to Watch: Adani Transmission, SJVN, Zee Entertainment, PVR, Aster DM

Stocks to Watch: Multiplex operator PVR on Monday reported a net loss of Rs 71.23 crore for the quarter ended September 30, 2022, which was more than what analysts had expected

Upbeat housing demand to lift realty stocks despite rate hikes: Analysts

While rising interest rates are expected to hamper affordability among buyers, analysts expect the underlying need for homeownership to remain strong, which would buoy housing sales going ahead

Stock of this fintech company has tanked 70 per cent from its record high

With 28 million shares opening up on November 15, 2022, along with 4 million shares that were already unlocked for AIF / FVCI investors, the float for PB Fintech is expected to go up significantly

Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%

CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent

BPCL, HPCL hit 52-week lows on concerns of large losses in Q2FY23

Analysts believe that OMCs would see further decline in GRMs in Q2FY23, as cracks correct on a sequential basis and lower oil prices would drive sizable inventory losses

Avenue Supermarts slips 3% to hit 8-week low after margin squeeze in Q2

The management said that the inflationary stress is more acute at lower price points in discretionary non-FMCG categories.

Nifty PSU Bank index surges 2%; Canara Bank, Bank of Baroda gain over 3%

Operational performance is expected to remain positive across lenders, given steadier yields. Thus, robust recovery in earnings is expected in PSU banks, ICICI Securities said

HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates

The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.

Electronics Mart makes strong debut; lists at 53% premium over issue price

The stock listed at Rs 90, a 53 per cent premium to its issue price of Rs 59 per share on the National Stock Exchange (NSE) on Monday.

Bajaj Auto gains 2% in a weak mkt after net profit climbs 20% YoY in Q2FY23

The management expects Q3 to be better than Q2 with supply chain visibility being much better

Stocks to Watch: HDFC Bank, Electronics Mart, Bajaj Auto, Axis Bank, DMart

Stocks to watch today: Electronics Mart will make its debut on the bourses today. As per IPO Watch, the company could list with a healthy premium of up to 50% over issue price of Rs 59 apiece

Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine

CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.

RITES surges 9% on order worth Rs 499 crore from Bangalore Metro Rail

The company has secured a new business order for construction of depot-cum-workshop. RITES will have 51% share in the order

Federal Bank zooms 6%; hits new peak on highest ever quarterly profit in Q2

In Q2FY23, Federal Bank also recorded its highest ever net interest income of Rs 1,762 crore, which was up 19 per cent YoY