Page 13 - Market Trends
Here's why Vinay Rajani recommends to buy SBI Life, Indian Oil
On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain bearish as long as the index stays below 18,141.
 "Here's why Vinay Rajani recommends to buy SBI Life, Indian Oil")
Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller
Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.
 "Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller")
CLSA upgrades Tata Motors to 'Buy' after JLR wholesales jump 15% YoY in Q3
Shares of Tata Motors surged 7 per cent in Tuesday's intra-day trade to hit a high of Rs 417.7 apiece
 "CLSA upgrades Tata Motors to 'Buy' after JLR wholesales jump 15% YoY in Q3")
Schneider Electric soars 14%, hits over 7-year high on positive outlook
In past 12 trading sessions, the stock has zoomed 44 per cent and now quotes at its highest level since August 2015.
 "Schneider Electric soars 14%, hits over 7-year high on positive outlook")
CG Power hits record high; stock surges 10% in two days on heavy volumes
In H1FY23, Ebitda margins improved 200 bps to 14.2% on account of improved sales realisation, favourable product mix, moderation in input costs, procurement efficiencies and better operating leverage.
 "CG Power hits record high; stock surges 10% in two days on heavy volumes")
TCS dips 2% as Q3 profit misses estimates; board okays Rs 75/sh dividend
Moderation of attrition is a positive and indicates easing of supply side challenges, which is likely to support margins, going ahead, ICICI Securities said in its note.
 "TCS dips 2% as Q3 profit misses estimates; board okays Rs 75/sh dividend")
Resistance for Nifty seen at 18,140, says Ravi Nathani
According to the technical analyst, the if the NSE Nifty 50 benchmark surpasses the resistance a rally to 18,265 seems likely.
 "Resistance for Nifty seen at 18,140, says Ravi Nathani")
Mehul Kothari recommends to buy Laurus Labs, RateGain Travel Technologies
According to the technical analyst from Anand Rathi, Laurus Labs can rally to Rs 400; while RateGain can jump to Rs 330.
Kalyan Jewellers surges 6%; reports up to 13% revenue growth in Q3
The company said December quarter witnessed positive momentum in footfalls and revenue across all the markets majorly driven by strong festive demand.
 "Kalyan Jewellers surges 6%; reports up to 13% revenue growth in Q3")
IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'
At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as co-promoters.
 "IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'")
Stock of this SME company has zoomed 70% in 10 days after a stellar debut
According to NITI Aayog, India's UAV market is expected to expand to $50 billion over the next 15 years as drones are projected to substitute 80 per cent of operations carried out by manned aircraft
 "Stock of this SME company has zoomed 70% in 10 days after a stellar debut")
Speciality Restaurants soars 20% in 2 days; hits record high in weak market
In past six months, the stock has rallied 122 per cent, as against 12 per cent rise in the S&P BSE Sensex.
 "Speciality Restaurants soars 20% in 2 days; hits record high in weak market")
Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus
The board of directors of the company had fixed Friday, January 6, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares.
 "Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus")
F&O Call: Nandish Shah recommends to long Glenmark Pharma futures
The derivative analyst from HDFC Securities expects Glenmark Pharma January futues to test Rs 450 on the upside.
Day after lower AUM number, Bajaj Finance shares tumble 8%
Bajaj Finance acquired 3.1 million new customers (v/s 2.6 million acquired in Q2FY23). The new customer acquisition run-rate was healthy in Q3FY23.
 "Day after lower AUM number, Bajaj Finance shares tumble 8%")
Here's why Sensex crashed over 1,200 points in two days
Key indices the S&P BSE Sensex crashed over 1,200 points in two days to hit Thursday's low of 60,049 levels, whereas the Nifty50 tumbled over 300 points to hit day's low of 17,892 levels
 "Here's why Sensex crashed over 1,200 points in two days")
Stock price of this SME company has zoomed 311% against its issue price
Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period.
 "Stock price of this SME company has zoomed 311% against its issue price")
IRB Infra dips 4% on profit-booking; board approves 1:10 stock split
Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.
 "IRB Infra dips 4% on profit-booking; board approves 1:10 stock split")
Mahindra Finance gains 3% as RBI lifts ban on outsourcing loan recovery
On September 22, 2022, the RBI had directed company to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.
 "Mahindra Finance gains 3% as RBI lifts ban on outsourcing loan recovery")
Bears likely to get stronger below 17,960 on the Nifty, says Ravi Nathani
On the upside, the technical analyst sees 18,336 as the key resistance for the Nifty 50.
 "Bears likely to get stronger below 17,960 on the Nifty, says Ravi Nathani")
