Page 9 - Buzzing Stocks
Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE
The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share
 "Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE")
Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton
Stocks to watch today: From Lupin to Gail (India), here are stocks to watch out in Tuesday's trading session
 "Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton")
IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure
RBI's approval for reappointment of MD & CEO being for a lower tenure compared to board approval, which was for three years, could keep stock under pressure in near term
 "IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure")
SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit
CLOSING BELL: The Sensex and Nifty hit fresh calendar year lows in trades on Monday amid the broad-based sell-off. Reliance Industries registered 52-week low
 "SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit")
4 Adani group stocks locked in 5% upper circuits in weak market
Adani Group said it has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of 31 March 2023
 "4 Adani group stocks locked in 5% upper circuits in weak market")
YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends
Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in
 "YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends")
Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO
MOFSL believes that this is a positive for Tech Mahindra as it will help the company scale up its BFSI vertical, which has lagged peers in recent years.
 "Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO")
Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low
The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million.
 "Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low")
Mahindra CIE tanks 9% after block deal of 6.2% equity
At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.
 "Mahindra CIE tanks 9% after block deal of 6.2% equity")
Sona Comstar slumps 6% after 20% equity changes hands via block deal
At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows
 "Sona Comstar slumps 6% after 20% equity changes hands via block deal")
Stocks to watch: Sona BLW, M&M, Tech M, DLF, BoB, Vedanta, Godrej Prop
Stocks to watch today: From Sona BLW to Bank of Baroda, here are few stocks to watch out in Monday's trade
 "Stocks to watch: Sona BLW, M&M, Tech M, DLF, BoB, Vedanta, Godrej Prop")
Tata Motors up 1% in weak market as Tata Technologies files DRHP with Sebi
This possible IPO along with the receipt of consideration of EV deal with TPG will support FCF generation from the India business to attain near debt zero in the India business, MOFSL said.
 "Tata Motors up 1% in weak market as Tata Technologies files DRHP with Sebi")
Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank
CLOSING BELL: The Nifty PSU Bank index declined 2.2 per cent, while the Nifty Bank and Private Bank indices fell 1.8 per cent each
 "Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank")
Stock of this shipping company has zoomed 32% in two days
Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis
 "Stock of this shipping company has zoomed 32% in two days")
Hind Rectifiers soars 18% as new plant kicks off commercial production
The company said that the benefits of these new production lines at Sinnar will however be availed from 2023-24 onwards
 "Hind Rectifiers soars 18% as new plant kicks off commercial production")
KSB surges 9% to trade near new high on strong order book position
The management believes that the demand for capital products will further grow, owing to increased capital investment in infrastructure in this budget.
 "KSB surges 9% to trade near new high on strong order book position")
IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
 "IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility")
Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook
On March 1, the consortium of Titagarh Wagons and Bharat Electricals (TWL-BHEL Consortium) emerges as the 2nd Lowest Bidder (L2) for manufacturing cum maintenance of Vande Bharat Trainsets.
 "Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook")
Equitas SFB slips 13% as new shares list post merger with Equitas Holdings
Total 789.53 million shares have been listed pursuant to the scheme of amalgamation of Equitas Holdings with Equitas Small Finance Bank
 "Equitas SFB slips 13% as new shares list post merger with Equitas Holdings")
Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC
Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex
 "Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC")