Page 76 - Buzzing Stocks
RateGain Travel hits all-time low; plunges 43% from IPO issue price
The stock has plunged 43 per cent from its issue price of Rs 425 per share, and 54 per cent from its record high-level of Rs 525
 "RateGain Travel hits all-time low; plunges 43% from IPO issue price")
Escorts Kubota slips to a 9-mth low, down 27% from record high hit in April
The stock traded lower for the third straight day has fallen 9 per cent during this period; it aslo turned ex-dividend for Rs 7 per share on Thursday.
 "Escorts Kubota slips to a 9-mth low, down 27% from record high hit in April")
Ratnamani Metals trades ex-date for 1:2 bonus issue; stock surges 15%
The board of Ratnamani Metals, on May 18, had recommended a bonus issue in the ratio of 1:2 i.e. one new bonus share for every two existing shares held in the company
 "Ratnamani Metals trades ex-date for 1:2 bonus issue; stock surges 15%")
Stocks to watch: Tata Steel, HDFC, Jet Airways, JSW Steel, Biocon, PVR
Stocks to watch today: HDFC, slated to merge with HDFC Bank, raised Rs 4,000 crore through a paper with a maturity of 21 months; Jet Airways plans to lease 6 to 8 planes as part of re-launch.
 "Stocks to watch: Tata Steel, HDFC, Jet Airways, JSW Steel, Biocon, PVR")
Sensex snaps 4-day winning run, slips 150 pts; RIL gains 2%, Oil India 4.5%
CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each
 "Sensex snaps 4-day winning run, slips 150 pts; RIL gains 2%, Oil India 4.5%")
MTAR Technologies hits 10-month low; tanks 52% from 52-week high level
A combined 1.55 million equity shares representing 5 per cent of the total equity of the company had changed hands on the NSE and BSE.
 "MTAR Technologies hits 10-month low; tanks 52% from 52-week high level")
Mukesh Ambani readies succession plan; RIL stock may soar 24%, hit new high
According to the technical charts, the range of Rs 2,350 - Rs 2,150 on the stock is seen as a good area for bottom fishing.
 "Mukesh Ambani readies succession plan; RIL stock may soar 24%, hit new high")
Shalimar Paints zooms 32% in one week on hopes of margin improvement
The improved liquidity position, increased reach and distribution network through Hella is expected to improve the operating margins of the company going forward
 "Shalimar Paints zooms 32% in one week on hopes of margin improvement")
Orient Bell zooms 18% on upward revision in credit ratings by Crisil
The company said the growth in the tiles market will continue to be driven by growth in real estate and housing sector, rise in disposable income, growth in renovation & remodelling activities.
 "Orient Bell zooms 18% on upward revision in credit ratings by Crisil")
Private bank shares under pressure; AU SFB, Bandhan, RBL Bank tank up to 9%
As of 10:09 am, the S&P BSE Private Bank and Nifty Private Bank index were down 1 per cent each, as compared to 0.6 per cent decline on the benchmarks, S&P BSE Sensex and Nifty50 index.
 "Private bank shares under pressure; AU SFB, Bandhan, RBL Bank tank up to 9%")
Route Mobile slips 7% after board approves share buyback via Open Market
Route Mobile board has approved the buyback of equity shares having face value of Rs 10 at a price not exceeding Rs 1,700 per equity share and for an aggregate amount not exceeding Rs 120 crore
Here's why Vinay Rajani recommends buying Timken India, Ashok Leyland
The technical analyst from HDFC Securities recommends going long on the Nifty with a stop at 15,500.
 "Here's why Vinay Rajani recommends buying Timken India, Ashok Leyland")
Stocks to watch: Reliance, Tata Motors, Biocon, Tata Steel, J&K Bank, BoB
Stocks to watch today: Akash M Ambani will take over as non-executive director and chairman of the board of directors of Reliance Jio; Tata Motors will hike prices of CVs by 1.5 to 2.5 per cent.
 "Stocks to watch: Reliance, Tata Motors, Biocon, Tata Steel, J&K Bank, BoB")
Sensex, Nifty end flat after volatile session; metal, energy stocks shine
CLOSING BELL: M&M, Tech M, Dr Reddy's Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index
 "Sensex, Nifty end flat after volatile session; metal, energy stocks shine")
TVS Motor rises 2% on firm's big EV push; stock up 10% in 5 days
In the past five days, the stock price of Chennai-based auto-maker soared over 10 per cent, as against 1.6 per cent rise in the S&P BSE Sensex.
 "TVS Motor rises 2% on firm's big EV push; stock up 10% in 5 days")
MRPL, Chennai Petro soar up to 8% as crude oil prices rebound
MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market.
 "MRPL, Chennai Petro soar up to 8% as crude oil prices rebound")
Zomato tumbles 14% in two days post Blinkit acquisition deal
The acquisition of Blinkit by Zomato Ltd. is expected to add to its woes of high operating losses, said analysts
 "Zomato tumbles 14% in two days post Blinkit acquisition deal")
Brigade Enterprises signs JDA for residential project in Chennai; stk up 6%
The Joint Development Agreement is for a large residential township development project at Perumbakkam, which is one of the fast-emerging residential hubs in Chennai
 "Brigade Enterprises signs JDA for residential project in Chennai; stk up 6%")
Bajaj Auto slips 2% as share buyback fails to cheer investors
The company intends to buy back 5.43 million shares, aggregating up to 1.88 per cent of its paid-up share capital via the open market at Rs 4,600 per share.
 "Bajaj Auto slips 2% as share buyback fails to cheer investors")
Stocks to watch: Bajaj Auto, TVS Motor, Tata Steel, Cipla, JSW Steel, FRL
Stocks to watch today: Bajaj Auto approved buyback of shares worth up to Rs 2,500 crore; Moody's upgraded Tata Steel's outlook to 'positive' from 'stable'
 "Stocks to watch: Bajaj Auto, TVS Motor, Tata Steel, Cipla, JSW Steel, FRL")