Market Trends
ICICI Bank's market cap tops Rs 9 trillion; stock hits new high
In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.
 "ICICI Bank's market cap tops Rs 9 trillion; stock hits new high")
Piramal Pharma hits record high in weak market; surges 12% on heavy volumes
As many as 43.42 million equity shares, representing 3.3 per cent of total equity of the pharma company, had changed hands on the NSE till afternoon
 "Piramal Pharma hits record high in weak market; surges 12% on heavy volumes")
This recently listed IPO has zoomed 75% against its issue price in 5 days
This recently listed IPO has zoomed 75% against its issue price in 5 days
 "This recently listed IPO has zoomed 75% against its issue price in 5 days")
Auto stocks buck downbeat market trend in May; charts suggest further gains
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
 "Auto stocks buck downbeat market trend in May; charts suggest further gains")
Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend
On Monday, shares of Avalon Technologies enjoyed Rs 30 premium in the grey market, which translated to a likely listing price of Rs 465 apiece on the upper price band
 "Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend")
L&T hits record high on strong business outlook; stock jumps 9% in 6 days
On Monday, L&T announced that the hydrocarbon business of the company secured a significant order under its AdVENT (Advanced Value Engineering and Technology) business vertical
 "L&T hits record high on strong business outlook; stock jumps 9% in 6 days")
Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%
The Government of India has accepted several key recommendations made by the Kirit Parikh Committee with respect to the pricing of natural gas produced from the APM fields.
 "Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%")
Godrej Properties soars 8% on strong Q4 business update
The management said sales growth for the year was on the back of both an improving project mix as well as strong volume growth of 40 per cent.
 "Godrej Properties soars 8% on strong Q4 business update")
Analysts play it safe; prefer safety of large-caps amid multiple headwinds
Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.
 "Analysts play it safe; prefer safety of large-caps amid multiple headwinds")
Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp
Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.
 "Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp")
Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump
CLOSING BELL: Shaktikanta Das said the move was only "a pause and not a pivot"
 "Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump")
This casting & forging company stock has zoomed 107% in less than 10 months
RK Forgings and Titagarh consortium had recently won Rs 12,226 cr contract for manufacturing and supply of 1.54 mn forged wheels of different rolling stocks to the Railways over a period of 20 years.
 "This casting & forging company stock has zoomed 107% in less than 10 months")
Singer India hits 10% upper circuit as Rakesh Khanna takes over as VC & MD
Khanna was the MD & CEO of Orient Electric, a leader in consumer appliances, with revenues of over Rs 2,500 crore
 "Singer India hits 10% upper circuit as Rakesh Khanna takes over as VC & MD")
Sugar stocks in focus: Balrampur hits 11-month high; Triveni, Dalmia up 3%
India's sugar production fell 3 per cent to 29.9 million tonnes (MT) in the first six months of the 2022 23-marketing year ending September, according to industry body ISMA.
 "Sugar stocks in focus: Balrampur hits 11-month high; Triveni, Dalmia up 3%")
Avenue Supermarts dips 3% on profit booking post Q4 business update
The stock had gained up to 11 per cent in the last five straight trading sessions.
 "Avenue Supermarts dips 3% on profit booking post Q4 business update")
TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days
The board of directors are scheduled to meet on April 20, 2023 to consider the proposal for voluntary delisting of the equity shares of the company.
 "TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days")
Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract
The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.
 "Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract")
CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4
Loans booked by consumer financier Bajaj Finance jumped 20 per cent YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year
 "CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4")
HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy
CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support
 "HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy")
Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high
In past four trading days, BSE smallcap index has rallied 5.3 per cent, as against 3.6 per cent rise in the S&P BSE Sensex.
 "Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high")
