Page 55 - Buzzing Stocks
Over half of Nifty500 stocks dip below their 200-DMA. Is the fall overdone?
The fresh sell-off on Monday pulled another 37 stocks below 200-DMA taking the total tally to 268
 "Over half of Nifty500 stocks dip below their 200-DMA. Is the fall overdone?")
Shanthi Gears up 9%, hits record high in a weak market on healthy outlook
With no major debt-funded capex plans in the medium term, rating agency ICRA expects the company's debt coverage metrics and liquidity to remain strong
 "Shanthi Gears up 9%, hits record high in a weak market on healthy outlook")
Piramal Enterprises slips 9% to hit 52-week low; stock slumps 11% in 2 days
In the past two days, the stock slipped 11 per cent after the RBI directed M&M Financial Services to immediately cease any recovery or repossession activities via an outsource till further orders.
IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns
In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.
 "IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns")
Harsha Engineers makes strong debut, lists at 36% premium to issue price
Post listing, the stock moved 45 per cent higher to Rs 480 on the NSE and BSE, as against its issue price of Rs 330 per share.
 "Harsha Engineers makes strong debut, lists at 36% premium to issue price")
Hindustan Unilever gains 2%, hits over 11-month high in a weak market
In the past six months, the stock has rallied nearly 40 per cent, as against 0.34 per cent decline in the S&P BSE Sensex.
 "Hindustan Unilever gains 2%, hits over 11-month high in a weak market")
Stocks to Watch: Harsha Engineers, Britannia, Coal India, Anupam Rasayan
Stocks to Watch: Harsha Engineers will make its debut on the bourses today. The issue price is fixed at Rs 330 per share. As per IPO Watch, the stock can list with a 50 per cent premium
 "Stocks to Watch: Harsha Engineers, Britannia, Coal India, Anupam Rasayan")
Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%
Apart from a forensic audit in the Fortis-IHH deal, the Supreme Court on Thursday also announced a jail term of six months for Malvinder Singh and Shivinder Singh in the Daiichi-Fortis case.
 "Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%")
Dish TV nears 52-wk high on Jawahar Goel's resignation; zooms 92% in 1 mth
In the past one month, Dish TV has zoomed 92 per cent as compared to a 1.2 per cent decline in the S&P BSE Sensex
 "Dish TV nears 52-wk high on Jawahar Goel's resignation; zooms 92% in 1 mth")
Stock of this edible oil company has zoomed nearly 1,500% in three months
Shares of Ambar Protein hit a new high of Rs 730 as it hit 5-per cent upper circuit for 58th straight consecutive day
 "Stock of this edible oil company has zoomed nearly 1,500% in three months")
Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick
Tata Chemical sees 25 per cent upside on Golden Cross breakout, while Tata Investment and Indian Hotels can surge up to 20 per cent each.
 "Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick")
Schneider Electric hits over 6-year high, surges 12% in a weak market
With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.
 "Schneider Electric hits over 6-year high, surges 12% in a weak market")
M&M Financial tanks 14% as RBI bars third-party services for loan recovery
In a circular, the RBI said that the non-banking finance company may continue to carry out recovery or repossession activities, through its own employees.
 "M&M Financial tanks 14% as RBI bars third-party services for loan recovery")
Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan
Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.
 "Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan")
Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod
Stocks to Watch Today: UCO Bank became the first bank to get RBI nod for Rupee trade settlement a/c with Russia; The Central Bank warns M&M Finance against outsourcing recovery agents.
 "Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod")
Saksoft hits all-time high ahead of 1:10 stock split; stock soars 19%
Saksoft has fixed Monday, September 26, 2022 as the 'record date' to ascertain the eligibility of shareholders entitled for sub-division of equity shares.
Shree Renuka Sugars surges 24% in three days; trades nears 52-week high
Rating agency Ind-Ra has reaffirmed its rating on the long‐term bank facilities availed by Shree Renuka Sugars and non‐convertible debentures (NCD) issued by the company
 "Shree Renuka Sugars surges 24% in three days; trades nears 52-week high")
LIC hits lowest level since listing; shares down 32% from issue price
In the past three months, the stock of LIC has declined 3 per cent, as against 14 per cent rally in the benchmark index
 "LIC hits lowest level since listing; shares down 32% from issue price")
Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock
The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.
 "Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock")
Infosys hits 52-week low, slips 14% in one month amid growth worries
The stock was tracking losses in global markets, as the US Fed raised interest rates an another 75 bps on Wednesday.
 "Infosys hits 52-week low, slips 14% in one month amid growth worries")