Page 85 - Buzzing Stocks
Paradeep Phosphates lists at 4% premium; extends rally to gain up to 13%
At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and NSE.
 "Paradeep Phosphates lists at 4% premium; extends rally to gain up to 13%")
SJS Enterprises gains 12% on healthy business outlook
The company engaged in auto components & equipment business said it has won several key projects from Continental, MG, Honda, Hyundai.
 "SJS Enterprises gains 12% on healthy business outlook")
BPCL extends losses into 3rd day as Centre calls off privatisation process
The government has called off the privatisation process of state-owned OMC for now after two of the three companies that had shown interest in acquiring the PSU withdrew their bids
 "BPCL extends losses into 3rd day as Centre calls off privatisation process")
ONGC tumbles 6% to hit four-month low; stock down 27% from 52-week-high
The stock of the state-owned oil and gas exploration also under pressure after UK imposes 25 per cent energy windfall tax on oil and gas producers.
 "ONGC tumbles 6% to hit four-month low; stock down 27% from 52-week-high")
Piramal Enterprises dips 10%, hits 52-week low post March quarter results
The stock has fallen below its previous low of Rs 1,688, touched on May 27, 2021
 "Piramal Enterprises dips 10%, hits 52-week low post March quarter results")
Page Industries gains 8% on strong operational performance in March quarter
The company said that the sales momentum picked up significantly across all product categories backed by expansion in portfolio and existing network.
 "Page Industries gains 8% on strong operational performance in March quarter")
Muthoot Finance sinks 9% on weak Q4 result; analysts bearish on stock
Motilal Oswal Financial Services believes FY23 will be a difficult year for Muthoot with a clear trade-off between growth and margin
 "Muthoot Finance sinks 9% on weak Q4 result; analysts bearish on stock")
Stocks to Watch: Hindalco, Muthoot Finance, Bharti Airtel, Sun Pharma, HDFC
Stocks to Watch today: JSW Steel, FSN E-Commerce Ventures (Nykaa), Jubilant Pharma, GAIL, Glenmark Pharma, Godrej Industries, PB Fintech (Policy Bazaar) will be in focus ahead of their Q4 results.
 "Stocks to Watch: Hindalco, Muthoot Finance, Bharti Airtel, Sun Pharma, HDFC")
Here's why Mehul Kothari recommends buying Balkrishna Inds, HDFC Life
According to the technical analyst from Anand Rathi, Balkrishna Industries is showing immense strength on the 2-hour chart, while the weekly chart of HDFC Life indicates a sharp up move.
 "Here's why Mehul Kothari recommends buying Balkrishna Inds, HDFC Life")
ITC trades flat as stock turns ex-date for dividend of Rs 6.25 per share
ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
 "ITC trades flat as stock turns ex-date for dividend of Rs 6.25 per share")
Balrampur Chini snaps 3-day losing streak; stock gains 5% on heavy volumes
Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.
 "Balrampur Chini snaps 3-day losing streak; stock gains 5% on heavy volumes")
Nifty Next 50 index hits 52-week low; SAIL, Vedanta down 27% in a month
In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.
 "Nifty Next 50 index hits 52-week low; SAIL, Vedanta down 27% in a month")
IndiGo soars 10% as CEO eyes 'profitability' after Rs 1,681 cr loss in Q4
Going forward, analysts are cautiously optimistic on the prospects of the airline as it manages demand revival amid increased competition
 "IndiGo soars 10% as CEO eyes 'profitability' after Rs 1,681 cr loss in Q4")
Sequent Scientific tanks 17% on weak Q4; stock down 70% from 52-wk high
The company said the macro environment continues to be challenging due to volatility in costs and disruptions across supply chains.
 "Sequent Scientific tanks 17% on weak Q4; stock down 70% from 52-wk high")
AIA Engineering gains 6% post March quarter results
In Q4 EBITDA margin improved 182 basis points (bps) YoY and 21 bps sequentially at 24.2 per cent.
 "AIA Engineering gains 6% post March quarter results")
Torrent Pharma rallies 9% on 1:1 bonus issue plan, dividend of Rs 23/share
In Q4, the company posted net loss of Rs 118 crore against profit of Rs 324 crore in the year ago quarter
 "Torrent Pharma rallies 9% on 1:1 bonus issue plan, dividend of Rs 23/share")
Stocks to Watch: Coal India, BPCL, Infosys, Fortis, NALCO, IndiGo, PFC
Stocks to Watch: At 7:30 am, the SGX Nifty futures were quoting around 100 pts up at 16,100 levels. That said, the markets may exhibit volatility today on account of the monthly F&O expiry.
 "Stocks to Watch: Coal India, BPCL, Infosys, Fortis, NALCO, IndiGo, PFC")
Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan
Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.
 "Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan")
Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month
Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23.
 "Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month")
Globus Spirits slips 15% on weak March quarter results
In Q4FY22, EBITDA margin contracted by 720 basis points (bps) year-on-year to 17.6 per cent.
 "Globus Spirits slips 15% on weak March quarter results")