Page 80 - Buzzing Stocks
Varun Beverages rallies 5%, hits record high on strong earnings hope
VBL is expected to benefit from a strong recovery going forward, led by growing out-of-home consumption, with the opening up of offices and traveling, uptick in volumes in new territories
 "Varun Beverages rallies 5%, hits record high on strong earnings hope")
Stocks to watch: SBI, IDBI Bank, Hero Moto, Bajaj Electricals, NTPC, Cipla
Stocks to watch today: SBI and IDBI Bank have raised their interest rates on retail term deposits, subject to different tenors; LIC hiked stake in Hero MotoCorp to 11.2 per cent from 9.1 per cent.
 "Stocks to watch: SBI, IDBI Bank, Hero Moto, Bajaj Electricals, NTPC, Cipla")
Bajaj Auto defers share buyback proposal; stock dips 5%
Bajaj Auto said that the board has decided that further deliberations are required in order to take a decision on the proposal of buyback
 "Bajaj Auto defers share buyback proposal; stock dips 5%")
Sensex falls 153pts; Nifty below 15750; Bajaj Auto dips 5%, Adani Ent up 6%
CLOSING BELL: Select IT, metals, and pharma stocks helped the headline indices recover from the day's low
 "Sensex falls 153pts; Nifty below 15750; Bajaj Auto dips 5%, Adani Ent up 6%")
OMCs under pressure; HPCL, BPCL hit 52-week lows, IOCL slips 3%
OMCs are likely to remain under pressure with the industry integrated gross margins trending towards zero despite the Russian discounted crude cushion, said analysts.
 "OMCs under pressure; HPCL, BPCL hit 52-week lows, IOCL slips 3%")
These two stocks have zoomed over 100% in last three weeks
Shares of Kohinoor Foods were locked in the upper circuit for the 47th day on Tuesday, having zoomed 813% during the period.
 "These two stocks have zoomed over 100% in last three weeks")
Adani Enterprises jumps 4% on pact with TotalEnergies for green hydrogen
TotalEnergies to acquire 25 per cent minority interest in Adani New Industries from Adani Enterprises.
 "Adani Enterprises jumps 4% on pact with TotalEnergies for green hydrogen")
Asian Paints down 3%, hits 52-week low on margin, demand concerns
The geopolitical situation is threatening to further worsen inflation across key commodities
 "Asian Paints down 3%, hits 52-week low on margin, demand concerns")
Metropolis tanks 27% in 1-mth on promoter stake sale buzz, latter clarifies
The promoters of Metropolis Healthcare on Monday after market hours clarified that they have no intention to exit the business.
 "Metropolis tanks 27% in 1-mth on promoter stake sale buzz, latter clarifies")
Mehul Kothari recommends buying Axis Bank, Fine Organic above these levels
According to the technical analyst from Anand Rathi, Axis Bank can rally up to Rs 670 in the next 2 - 3 trading sessions.
 "Mehul Kothari recommends buying Axis Bank, Fine Organic above these levels")
Stocks to watch: Bajaj Finance, Zydus Lifesciences, Tata Steel, Amara Raja
Stocks to watch today: Bajaj Finance has raised fixed deposit rates by up to 20 basis points; Zydus Lifesciences will open its share buyback offer on June 23 and close on July 6.
 "Stocks to watch: Bajaj Finance, Zydus Lifesciences, Tata Steel, Amara Raja")
LIC slips 5.8% as anchor investor lock-in ends; down 29% from issue price
LIC's stock traded at its lowest level since market debut on May 17, 2022
 "LIC slips 5.8% as anchor investor lock-in ends; down 29% from issue price")
Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data
CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS
 "Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data")
GR Infra plunges 10% on report of CBI conducting raids at company's offices
A team of Central Bureau of Investigation conducted a The raids were conducted in connection with alleged irregularities in a national road highway project in Assam, as per the reports.
 "GR Infra plunges 10% on report of CBI conducting raids at company's offices")
Nifty IT index crashes over 4%; TCS, Infosys, LTI, LTTS plunge up to 6%
Global growth is expected to moderate from 6.1% in 2021 to 3.6% in 2022, driven by withdrawal of monetary accommodation in major economies, continued supply side shortages and economic damage from war
 "Nifty IT index crashes over 4%; TCS, Infosys, LTI, LTTS plunge up to 6%")
Marathon Nextgen hits 4-year high in a weak market; zooms 63% in one month
In the past six months, the stock price of Marathon Nextgen has rallied 85 per cent as against 9 per cent decline in the S&P BSE Sensex index
 "Marathon Nextgen hits 4-year high in a weak market; zooms 63% in one month")
Bajaj Finance, Tata Steel, UltraTech Cement, Shree Cement hit 52-week lows
A total of 46 stocks from the Nifty500 index also hit their respective 52-week lows on the NSE today including Astral, Birla Corporation, CSB Bank, LIC Housing Finance, SpiceJet.
 "Bajaj Finance, Tata Steel, UltraTech Cement, Shree Cement hit 52-week lows")
RBL Bank tumbles 18% on heavy volumes; stock hits record low
The Reserve Bank of India has approved R Subramaniakumar's appointment as the managing director & chief executive officer of the private sector lender.
 "RBL Bank tumbles 18% on heavy volumes; stock hits record low")
Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank
Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.
 "Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank")
Sensex tanks 1,017 pts; Nifty holds 16,200; Bajaj Finance sinks 4%, RIL 3%
Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%
 "Sensex tanks 1,017 pts; Nifty holds 16,200; Bajaj Finance sinks 4%, RIL 3%")