Page 51 - Buzzing Stocks
Stock of this SS pipes producer has zoomed 100% against its issue price
With Wednesday's gain, the stock of Venus Pipes has zoomed nearly 100 per cent against its issue price of Rs 326 per share
 "Stock of this SS pipes producer has zoomed 100% against its issue price")
Biocon falls 12% in 5 days on one major deficiency alert for API unit
The pharma company said it will respond to the European medical regulator with appropriate corrective and preventive actions within the stipulated time.
 "Biocon falls 12% in 5 days on one major deficiency alert for API unit")
M&M gains 2%; firm strengthens pact with Jio-bp for EV charging points
CARE Ratings reaffirmed ratings on the existing bank facilities of M&M with stable outlook.
 "M&M gains 2%; firm strengthens pact with Jio-bp for EV charging points")
Footwear shares extend rally; Liberty Shoes, Campus Activewear at new highs
Union Minister Piyush Goyal on Friday said India's footwear sector has immense potential, and it can increase production and exports 10 times in the near future.
 "Footwear shares extend rally; Liberty Shoes, Campus Activewear at new highs")
Stocks to watch: HCL Tech, Wipro, Suzlon Energy, Indigo, Power Grid, REC
Stocks to watch today: HCL Technologies, Wipro will report September quarter results (Q2FY23) on Wednesday, October 12; Suzlon Energy bags 144.9 megawatt (MW) order from Aditya Birla Group
 "Stocks to watch: HCL Tech, Wipro, Suzlon Energy, Indigo, Power Grid, REC")
Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%
CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers
 "Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%")
Star Cement hits 52-week high on heavy volumes; stock up 30% in 3 months
Cement consumption in the Eastern region (131 Kg) is although lower than the national average (195 Kg), the market is likely to witness positive change in near future.
 "Star Cement hits 52-week high on heavy volumes; stock up 30% in 3 months")
TCS slips over 2% even as Q2FY23 results beat Street estimates
The IT major reported net profit of Rs 10,431 crore, up 8.4 per cent year-on-year (YoY) and 10 per cent quarter-on-quarter (QoQ)
 "TCS slips over 2% even as Q2FY23 results beat Street estimates")
This rail-related stock has zoomed 107% in 5 months; hits 15-year high
Kernex Microsystems was locked at 5% upper circuit, and was at its highest level since October 2007
 "This rail-related stock has zoomed 107% in 5 months; hits 15-year high")
Sugar shares trade higher in a weak market; Shree Renuka hits 11-year high
ICRA expects operating margins for sugar firms to remain in the range of 13.0 - 13.5 per cen in FY23 (in line with FY22 levels) supported by elevated sugar realizations as well as ethanol realizations
 "Sugar shares trade higher in a weak market; Shree Renuka hits 11-year high")
India Cements to sell Springway Mining to JSW Cement; stock slips 6%
India Cements has sold its Madhya Pradesh limestone mine, and land to Sajjan Jindal-owned JSW Cement for Rs 477 crore
 "India Cements to sell Springway Mining to JSW Cement; stock slips 6%")
Infosys gains nearly 1% as board to consider share buyback on Thursday
The company's board will consider a proposal for buyback of fully paid-up equity shares at its meeting on October 13, 2022 and also announce its September quarter earnings.
 "Infosys gains nearly 1% as board to consider share buyback on Thursday")
Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why
According to the technical analyst from Anand Rathi, CAMS can rally to Rs 2,700, while Pfizer can be bought for a target of Rs 4,700.
 "Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why")
Stocks to watch: TCS, Ashok Leyland, AU SFB, Adani Ports, NMDC, IDBI Bank
Stocks to watch today: TCS reported an 8 per cent rise in consolidated net profit to Rs 10,431 crore in Q2FY23; AU SFB re-appointed R V Verma as its non-executive chairman.
 "Stocks to watch: TCS, Ashok Leyland, AU SFB, Adani Ports, NMDC, IDBI Bank")
Analysts bet on TaMo's India biz as JLR Q2 sales disappoint; stock dips 5%
Following the development, global brokerage JP Morgan downgraded the stock from 'overweight' to 'neutral' with a September 2023 price target of Rs 455.
 "Analysts bet on TaMo's India biz as JLR Q2 sales disappoint; stock dips 5%")
Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up
CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.
 "Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up")
JP Associates up 13% on nod to divest cement biz; zooms 72% from June low
To give thrust to the ongoing efforts of the Company to reduce its debt, the board of directors has decided to divest Company's significant Cement business
 "JP Associates up 13% on nod to divest cement biz; zooms 72% from June low")
TCS bounces 3.5% off lows ahead of September quarter results today
Analysts expect TCS to post a sequential revenue growth of 3-4.6 per cent in constant currency terms, while its net profit may rise in the range of 6-10.7 per cent from the last quarter
 "TCS bounces 3.5% off lows ahead of September quarter results today")
Tata Motors dips 5% on lower-than-expected JLR wholesale volumes in Q2
However, Tata Motors said it is witnessing healthy demand for its products with the order book increasing to ~2.05 lakh units vs. ~2 lakh units as of Q1FY23
 "Tata Motors dips 5% on lower-than-expected JLR wholesale volumes in Q2")
Shipbuilding stocks rally up to 11%; Mazagon, Garden Reach hit new highs
The defence shipbuilding segment continues to look promising on account of ambitious acquisition plan of Indian Navy and Indian Coast Guard.
 "Shipbuilding stocks rally up to 11%; Mazagon, Garden Reach hit new highs")