Page 54 - Buzzing Stocks
Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea
Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles
 "Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea")
Reliance Industries' stock hits over 6-month low; slips 7% in one week
Thus far in the month of September, RIL's stock has shed 12 per cent, as compared to 2.7 per cent decline in the Sensex
 "Reliance Industries' stock hits over 6-month low; slips 7% in one week")
LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?
Sun Pharmaceutical seems set to register a new 52-week high; while Tata Motors and Torrent Pharmaceuticals are yet to take-off their respective obstacles, charts show.
 "LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?")
Sun Pharma extends rally, surges 7% in two days; now trades at 5-month high
Sun Pharma could see structural growth and be relatively insulated from the adverse price erosion scenario in the US, according to analysts.
 "Sun Pharma extends rally, surges 7% in two days; now trades at 5-month high")
Lupin dips 3% as US FDA issues warning letter for Tarapur facility
Lupin said it does not believe the warning letter will have an impact on disruption of supplies or the existing revenues from operations of this facility
 "Lupin dips 3% as US FDA issues warning letter for Tarapur facility")
Nykaa soars 6% as company's board to consider maiden bonus issue on Oct 3
However, in the past six months, the has stock shed 17 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.
 "Nykaa soars 6% as company's board to consider maiden bonus issue on Oct 3")
Go Fashion hits record high on healthy outlook; up 100% against issue price
The stock hit a new high of Rs 1,373.90, and has nearly doubled against its issue price of Rs 690 per share
 "Go Fashion hits record high on healthy outlook; up 100% against issue price")
Asian Paints gains 3%, hits 8-month high on hopes of margin improvement
A fall in raw material prices from their recent peak and improved product mix will help drive EBITDA margin for Asian Paints in the coming quarters, analysts said
 "Asian Paints gains 3%, hits 8-month high on hopes of margin improvement")
Cement stocks snap six-day losing streak; India Cements soars 10%
The higher demand will mitigate the impact of lower profitability on absolute operating profits and cash accruals of cement makers, cushioning their credit profiles, Crisil Research said
 "Cement stocks snap six-day losing streak; India Cements soars 10%")
ITI soars 10% as board plans to mull equity share issue to the government
The company has undertaken many initiatives or projects, in order to boost their turnover and implement the revival plan.
 "ITI soars 10% as board plans to mull equity share issue to the government")
Stock of this footwear company has zoomed 60% thus far in September
Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.
 "Stock of this footwear company has zoomed 60% thus far in September")
Torrent Pharma to acquire Curatio Healthcare for Rs 2,000 cr; stock down 6%
ICICI Securities is positive on Torrent's ability of faster integration and turnaround of acquired assets in the domestic space
 "Torrent Pharma to acquire Curatio Healthcare for Rs 2,000 cr; stock down 6%")
Stocks to Watch: Torrent Pharma, ONGC, Dr Reddy's, BHEL, BPCL, Birla Corp
Stocks to Watch: Dr Reddy's has received US FDA nod for marketing Timolol Maleate, which is used to treat Glaucoma
 "Stocks to Watch: Torrent Pharma, ONGC, Dr Reddy's, BHEL, BPCL, Birla Corp")
Bharat Gears trades ex-date for 1:2 bonus; stock zooms 20%
The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment
Tata Steel erases post merger gains; slips 7% in two days to hit 2-mth low
Tata Steel is now trading at its lowest level since the stock turned ex-date for a 1:10 stock split on July 28, 2022
 "Tata Steel erases post merger gains; slips 7% in two days to hit 2-mth low")
Tamil Nadu govt approves ordinance to ban online games; Nazara Tech dips 4%
On getting the Tamil Nadu governor's approval, the ordinance would be promulgated in the state, news agency ANI reported
 "Tamil Nadu govt approves ordinance to ban online games; Nazara Tech dips 4%")
City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%
Analysts expects overall gas demand from the CNG and DPNG sectors to grow at 15.7 per cent CAGR over FY22-27 supported by aggressive expansion in infrastructure.
 "City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%")
Aurobindo slips 6% in a week after arm receives EIR from USFDA
In the past six months, Aurobindo has underperformed the market by falling 31 per cent, as compared to a marginal 0.07 per cent decline in the S&P BSE Sensex.
 "Aurobindo slips 6% in a week after arm receives EIR from USFDA")
Metro Brands extends rally on strong outlook; zooms 69% in 2 months
Going forward, the growth momentum is expected to pick up and the footwear sector is estimated to reach Rs 1.4 trillion by FY 2024-25
 "Metro Brands extends rally on strong outlook; zooms 69% in 2 months")
Stocks to Watch: Mahindra Logistics, Sterlite Tech, Amara Raja, JSW Energy
Mahindra Logistics has announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space
 "Stocks to Watch: Mahindra Logistics, Sterlite Tech, Amara Raja, JSW Energy")