Page 11 - Market Trends
Gravita India surges 8% to hit record high after strong Q3 results
Analysts at ICRA believe that the company's credit profile is likely to improve in the near term, supported by higher share of value-added products and healthy volumetric growth
 "Gravita India surges 8% to hit record high after strong Q3 results")
Profit-booking in Axis Bank after strong Q3 results, stock slumps 2%
With Tuesday's decline, the stock price of Axis Bank corrected 6 per cent from its record high level of Rs 970.45, which it had touched on January 4, 2023
 "Profit-booking in Axis Bank after strong Q3 results, stock slumps 2%")
Lloyds Metals hits new high on robust Q3 results; stock up 67% in 2 months
The company said that the revenue growth in Q3FY23 was driven by volume and price growth in both sponge iron and iron ore
 "Lloyds Metals hits new high on robust Q3 results; stock up 67% in 2 months")
Kabra ExtrusionTechnik surges 15%, nears 52-week high on strong Q3 show
The management said revenue growth in Q3FY23 was aided by strong growth in the Battrixx division revenues.
 "Kabra ExtrusionTechnik surges 15%, nears 52-week high on strong Q3 show")
Cement trades weak on profit-booking; UltraTech dips 3% post Q3 results
UltraTech Cement said that rising government spending, recovery in the rural economy on a pickup in farm incomes and pre-sales of housing real estate should also help the industry recover.
 "Cement trades weak on profit-booking; UltraTech dips 3% post Q3 results")
YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%
The management said it would be difficult to give guidance on margins (NIMs) due to pressure from pricing deposits.
 "YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%")
Reliance Industries gains 1% post December quarter earnings
The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.
 "Reliance Industries gains 1% post December quarter earnings")
Ravi Nathani expects Nifty to hit 18,400; cautions on Pvt Bank
According to the technical analyst, the Nifty 50 is expected to get strong support in the range of 17,925 to 18,000.
 "Ravi Nathani expects Nifty to hit 18,400; cautions on Pvt Bank")
Stocks to watch: ICICI Bank, RIL, UltraTech, Adani Ent, SBI Life, Petronet
Stocks to Watch: Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless and Tata Communications will be in focus ahead of Q3 results on Monday.
 "Stocks to watch: ICICI Bank, RIL, UltraTech, Adani Ent, SBI Life, Petronet")
Rs 20,000-cr Adani Enterprises FPO opens on Jan 27: Should you subscribe?
Shares of Adani Enterprises have soared 78.41 per cent so far this fiscal year (FY23), as against 4.2 per cent rise in the S&P BSE Sensex
 "Rs 20,000-cr Adani Enterprises FPO opens on Jan 27: Should you subscribe?")
These 2 recently listed stocks have zoomed up to 44% from December lows
Landmark Cars hit a new high of Rs 622.45, surging 44% from its December low of Rs 433.20, while Sula Vineyards rallied 40% from its low of Rs 305.35.
 "These 2 recently listed stocks have zoomed up to 44% from December lows")
Persistent Systems up 5% on strong TCV, in-line revenue growth in Q3
The company said it won several large deals across industries and service lines, driving 20 per cent sequential growth in total contract value (TCV) bookings during the quarter.
 "Persistent Systems up 5% on strong TCV, in-line revenue growth in Q3")
Adani Enterprises hits 2-mth low, down 4% on setting FPO price at discount
The company has set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO), that opens for subscription on January 27.
 "Adani Enterprises hits 2-mth low, down 4% on setting FPO price at discount")
Mahindra Lifespace surges 8% on foray into society redevelopment in Mumbai
With the current addition, it has exceeded its guidance of land bank addition worth Rs 2,500 crore of development value, every year for FY23, ICICI Securities said.
 "Mahindra Lifespace surges 8% on foray into society redevelopment in Mumbai")
Bias for Nifty has turned bullish, look to buy on dips: Ravi Nathani
According to the technical analyst, the near-term trend for the Nifty has turned from rangebound to bullish as the index broke and closed above a previously identified resistance level on the charts.
 "Bias for Nifty has turned bullish, look to buy on dips: Ravi Nathani")
Mehul Kothari expects a pullback rally in Biocon, Wipro; Here's why
According to the technical analyst from Anand Rathi, BPCL and Wipro can pullback to Rs 270 and Rs 430, respectively.
 "Mehul Kothari expects a pullback rally in Biocon, Wipro; Here's why")
HDFC Bank, HDFC extend gains; advance over 3% in two trading days
In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE Sensex
 "HDFC Bank, HDFC extend gains; advance over 3% in two trading days")
Bank Nifty likely to consolidate in the near-term, says Ravi Nathani
According to the technical analyst, Bank Nifty's break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts
 "Bank Nifty likely to consolidate in the near-term, says Ravi Nathani")
Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Berger Paints.
Federal Bank declines 5% on profit booking post strong Q3FY23
In the past six months, the stock of Federal Bank rallied 40 per cent, as compared to 12 per cent rise in the S&P BSE Sensex
 "Federal Bank declines 5% on profit booking post strong Q3FY23")
