Page 8 - Buzzing Stocks
Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank
The settling of dues of about Rs 83.7 crore to the lender could happen as early as Friday, and IndusInd Bank could withdraw its insolvency proceedings against the media company
 "Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank")
Wipro hits 52-week low amid revenue growth worries; down 38% in one year
The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.
 "Wipro hits 52-week low amid revenue growth worries; down 38% in one year")
ICICI Pru soars 9% after appointment of Anup Bagchi as MD & CEO of company
Anup Bagchi had joined the ICICI Group in 1992 and had worked in the areas of retail banking, corporate banking and treasury.
 "ICICI Pru soars 9% after appointment of Anup Bagchi as MD & CEO of company")
OMCs in focus as crude oil hits 1-year low; BPCL, HPCL surge up to 5%
With this decline in crude prices analysts expect marketing margins of HPCL, BPCL and IOCL to improve further.
 "OMCs in focus as crude oil hits 1-year low; BPCL, HPCL surge up to 5%")
Patanjali Foods down 5% after stock exchanges freeze promoter shareholding
The company is required to either raise funds or promoters needs to sell 5 per cent stake to bring down their stake to 75 per cent
 "Patanjali Foods down 5% after stock exchanges freeze promoter shareholding")
Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days
At 09:38 AM; Reliance Industries' market-cap stood at Rs 14.94 trillion on the BSE, the exchange data shows.
 "Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days")
Samvardhana Motherson tanks 9% after 5% equity change hands via block deals
Till 09:18 AM; around 305.61 million equity shares representing 4.5 per cent of total equity of Samvardhana Motherson had changed hands on the NSE.
 "Samvardhana Motherson tanks 9% after 5% equity change hands via block deals")
Stocks to watch: JSW Energy, Federal Bank, Zuari Inds, Titagarh Wagons
Stocks to watch today: From JSW Energy to Federal Bank, here are top stocks to watch in Thursday's trading session
 "Stocks to watch: JSW Energy, Federal Bank, Zuari Inds, Titagarh Wagons")
Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000
CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.
 "Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000")
Technocraft Industries hits record high; stock zooms 40% in 5 weeks
Last month, Technocraft had bought 1.5 million equity shares at a price of Rs 1,000 per share via buyback offer through tender route
 "Technocraft Industries hits record high; stock zooms 40% in 5 weeks")
GMR Airports surges 6% on heavy volumes after arm raises funds via NCDs
The proceeds from the NCDs will be utilized for partial refinancing of $100 million of the existing FCBs of 2024
 "GMR Airports surges 6% on heavy volumes after arm raises funds via NCDs")
Varun Beverages surges 5%, nears record high on strong growth outlook
The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population
 "Varun Beverages surges 5%, nears record high on strong growth outlook")
Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order
The total quantity of forged wheels to be supplied will be around 1.54 million wheels over a period of 20 years.
 "Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order")
Maruti Suzuki gains 2% after promoter buys 3.45 lakh shares via open market
ICICI Securities said this is sentimentally positive for the company and a confidence boosting measure
 "Maruti Suzuki gains 2% after promoter buys 3.45 lakh shares via open market")
Stocks to watch: Cipla, Axis Bank, PNC Infratech, RailTel, Glenmark Pharma
Stocks to watch today: From Cipla to Axis Bank, here are top stocks to watch out in Wednesday's trading session
 "Stocks to watch: Cipla, Axis Bank, PNC Infratech, RailTel, Glenmark Pharma")
Infosys hits five-month low; stock down 10% in one month
In past two days, the stock was down 4% after the company on Saturday informed to the stock exchanges that Mohit Joshi, President of the company resigned effective from March 11, 2023.
 "Infosys hits five-month low; stock down 10% in one month")
Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble
Stock market live updates: As of 7:45 am, the SGX Nifty stood at 17,208 levels, up 28-odd points
 "Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble")
Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-wk lows
Analysts said the pace of US FDA inspections has again picked-up in the last few months post Covid, and they have seen increased incidents with 483 observations and adverse outcomes
 "Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-wk lows")
Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake
Marquee investors like the Government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance and HDFC MF bought shares from Blackstone in the bulk deal.
 "Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake")
Bajaj Finance declines for fifth straight session, sheds 6% in one week
In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex
 "Bajaj Finance declines for fifth straight session, sheds 6% in one week")