Page 16 - Market Trends
Sula Vineyards makes tepid debut; lists at 1% premium to issue price
Post listing; the stock price of Sula Vineyards slipped to Rs 345.85, a 3 per cent discount to its issue price of Rs 357 per share on the BSE.
 "Sula Vineyards makes tepid debut; lists at 1% premium to issue price")
Triveni Turbine, Triveni Engg trade ex-date for buyback; shares dip 6%
These companies had fixed December 23, as the Record Date for the purpose of determining the entitlement and eligibility of share holders to in the share buyback.
 "Triveni Turbine, Triveni Engg trade ex-date for buyback; shares dip 6%")
Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200
CLOSING BELL: The Pharma index advanced over 2 per cent today as diagnostics and healthcare firms climbed amid rising Covid-19 cases globally
 "Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200")
Maruti Suzuki slips 3%, hits over 5-month low
The taxes on motor vehicles in India have historically been among the highest in the world and need to be rationalised, MSIL Chairman RC Bhargava said at an event on Monday.
 "Maruti Suzuki slips 3%, hits over 5-month low")
Healthcare stocks rally up to 8% as Covid cases spurt in China, Japan
Reports suggest that Union Health Minister Mansukh Mandaviya will review the Covid-19 pandemic situation, in view of a spurt in COVID-19 cases in Japan, South Korea, Brazil, China and the US.
 "Healthcare stocks rally up to 8% as Covid cases spurt in China, Japan")
Shyam Metalics up 9%; forays into stainless steel biz with Mittal Corp buy
On Tuesday, SMEL announced their third acquisition of Mittal Corp with a foray into the stainless steel (SS) / wire rod & bar mill business.
 "Shyam Metalics up 9%; forays into stainless steel biz with Mittal Corp buy")
JK Paper hits record high; stock rallies 10% in four days on stable outlook
In the past one year, the stock price of the paper maker has more-than-doubled or zoomed 129 per cent, as against 10 per cent gain on the S&P BSE Sensex.
 "JK Paper hits record high; stock rallies 10% in four days on stable outlook")
City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA
The Reserve Bank of India found divergence of Rs 259 crore in additional gross NPA for the financial year 2021-22.
 "City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA")
Vinay Rajani recommends to hold longs on Nifty with a stop at 18,200
Among individual stocks, the technical & derivative analyst from HDFC Securities is bullish on NLC India and Mazagon Dock.
 "Vinay Rajani recommends to hold longs on Nifty with a stop at 18,200")
Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
 "Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350")
Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor
Prominent promoters have recently offloaded stake in companies like TVS Motor, GMM Pfaudler via block deals, few others plan to do so in the near future.
 "Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor")
PSP Projects soars 9% to hit record high on strong revenue visibility
So far in the financial year 2022-23 (FY23), PSP received total orders worth of Rs 1,833.09 crore
 "PSP Projects soars 9% to hit record high on strong revenue visibility")
IRB Infra gains 3% as board plans to mull stock split proposal on January 4
In the past one month, the stock of IRB Infra outperformed market, as they surged 29 per cent, as compared to nearly 1 per cent decline in the S&P BSE Sensex
 "IRB Infra gains 3% as board plans to mull stock split proposal on January 4")
LIC hits over 6-month high; stock gains 10% in two days
In past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the S&P BSE Sensex.
 "LIC hits over 6-month high; stock gains 10% in two days")
Here's why Mehul Kothari recommends to Buy Balrampur Chini, PNB
According to the technical analyst from Anand Rathi, Balrampur Chini can rally to Rs 435, while PNB is likely to hit Rs 68.
 "Here's why Mehul Kothari recommends to Buy Balrampur Chini, PNB")
Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise
CLOSING BELL: Sectorally, the Nifty IT index was the most downbeat sector as it dipped 0.5 per cent as Accenture's Q1FY23 results rang alarm bells for Indian IT companies
 "Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise")
UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz
According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.
 "UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz")
Nykaa hits new all-time low amid slew of block deals in past one month
In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.
 "Nykaa hits new all-time low amid slew of block deals in past one month")
Rs 1,500-cr Kfin Technologies IPO opens for subscription: Should you bet?
With complete offer for sale (OFS), shares of this financial services platform are priced in the range of Rs 347-366 apiece
 "Rs 1,500-cr Kfin Technologies IPO opens for subscription: Should you bet?")
UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally
The overall trend for asset management shares continues to remain bullish, say charts.
 "UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally")
