Page 78 - Buzzing Stocks
Sun TV Network hits 52-week low, stock down 10% in two trading sessions
In the last one year, Sun TV has underperformed the market by falling 24 per cent, as against a 0.1 per cent gain on the S&P BSE Sensex.
 "Sun TV Network hits 52-week low, stock down 10% in two trading sessions")
Stocks to Watch: Vodafone Idea, Bajaj Auto, Tata Steel, Glenmark Pharma
Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.
 "Stocks to Watch: Vodafone Idea, Bajaj Auto, Tata Steel, Glenmark Pharma")
Jain Irrigation to merge global biz Temasek-owned Rivulis; stock zooms 17%
Going forward Jain Irrigation Systems will focus on improving the India business to drive higher growth and margin in one of the fastest growing irrigation markets in the world
 "Jain Irrigation to merge global biz Temasek-owned Rivulis; stock zooms 17%")
Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
 "Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%")
This Rakesh Jhunjhunwala-owned stock hits new low; tanks 34% from IPO price
Star Health hit a record low of Rs 595, slipping 2.5 per cent on the BSE, its lowest level since its stock market debut.
 "This Rakesh Jhunjhunwala-owned stock hits new low; tanks 34% from IPO price")
Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months
An order inflow guidance of around Rs 1,000 crore for FY2023 provides revenue visibility over the near term, analysts said
 "Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months")
UPL slips 23% in a month post closure of buyback offer; hits 52-week low
UPL expects strong performance (10 per cent plus revenue growth and 12-15 per cent EBITDA growth) in the current fiscal year FY23.
 "UPL slips 23% in a month post closure of buyback offer; hits 52-week low")
Zomato board to consider acquisition proposals on June 24; stock gains 4%
According to a Business Standard report, Zomato may acquire quick commerce player Blinkit
 "Zomato board to consider acquisition proposals on June 24; stock gains 4%")
Biocon slips 4% despite arm denying bribery charges
At 10:26 AM, the stock of Biocon was down 3 per cent at Rs 316.10, as compared to 1 per cent decline in the S&P BSE Sensex
 "Biocon slips 4% despite arm denying bribery charges")
Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally
CLOSING BELL: Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade. Related indices advanced between 4 per cent and 4.5 per cent
 "Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally")
Suven Life freezes at 20% upper circuit as board to mull rights issue
The stock had hit a 52-week low of Rs 62 on June 20, 2022, and has corrected 50 per cent from its record high level of Rs 124 touched on October 8, 2021
 "Suven Life freezes at 20% upper circuit as board to mull rights issue")
Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month
India Ratings and Research expects the execution to remain sluggish in FY23, in view of the stretched liquidity position of the company
 "Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month")
Tata Group stocks: Tata Motors, Tata Elxsi can rally up to 14%, show charts
Among other Tata Group stocks, Tata Steel, Tata Power and Titan look weak on the charts, and are likely to see more downside.
 "Tata Group stocks: Tata Motors, Tata Elxsi can rally up to 14%, show charts")
KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown
With 24% correction in June, the stock of the garments & apparels maker has corrected 38% from its record high level of Rs 771.80
 "KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown")
Eureka Forbes' MD & CEO resigns; stock surges 12% on heavy volumes
Eureka Forbes said the board of directors of the company has accepted the resignation of Marzin R. Shroff as the MD and Chief Executive Officer (Executive Director) of the company
 "Eureka Forbes' MD & CEO resigns; stock surges 12% on heavy volumes")
KEC International jumps over 5% on securing multiple orders
The company has bagged multiple orders worth Rs 1,092 crore across its businesses in India and overseas.
 "KEC International jumps over 5% on securing multiple orders")
KNR Constructions dips 4%, hits 52-week low on margin concerns
As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.
 "KNR Constructions dips 4%, hits 52-week low on margin concerns")
Here's why Mehul Kothari recommends buying Dabur, Wipro
According to the technical analyst from Anand Rathi, Wipro can rally up to Rs 445, while Dabur can gain up to Rs 526.
 "Here's why Mehul Kothari recommends buying Dabur, Wipro")
Delta Corp tanks 10% as Rakesh Jhunjhunwala sells additional 5.7 mn shares
Post transactions, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala's holding in Delta Corp has declined to 1.2 per cent or 3.25 million shares from 3.36 per cent as on June 14, 2022.
 "Delta Corp tanks 10% as Rakesh Jhunjhunwala sells additional 5.7 mn shares")
Slowdown concerns drag Tata Steel, Hindalco; BSE Metal hits 15-month low
Global growth is projected to slowdown from an estimated 6.1% in 2021 to 3.6% in 2022. Given this, Tata Steel, Hindalco Industries, and Vedanta have shed up to 35 per cent in the past one month
 "Slowdown concerns drag Tata Steel, Hindalco; BSE Metal hits 15-month low")