Page 19 - Market Trends
Jindal Stainless surges 16% in two days after Quant MF buys 2.6 mn shares
On December 6, Quant Mutual Fund - Small Cap Fund purchased 2.63 million shares representing 0.52 per cent of the total equity of Jindal Stainless at Rs 182.97 apiece on the NSE.
 "Jindal Stainless surges 16% in two days after Quant MF buys 2.6 mn shares")
HDFC AMC gains 3% as promoter abrdn plans to sell entire 10.2% stake
abrdn Investment Management is to place up to 21.12 million shares (i.e. 9.9 per cent) with a single buyer with the rest being sold separately, subject to feasibility.
 "HDFC AMC gains 3% as promoter abrdn plans to sell entire 10.2% stake")
Vinay Rajani recommends Buy on Avadh Sugar, Shree Digvijay Cement
On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the Nifty to face resistance at 18,730, and seek support at 18,442.
 "Vinay Rajani recommends Buy on Avadh Sugar, Shree Digvijay Cement")
Ion Exchange hits new high; gains 6% in two days on securing IOCL order
In the past one month, the stock price of Ion Exchange has zoomed 41 per cent, as compared to 2.7 per cent rise in the S&P BSE Sensex.
 "Ion Exchange hits new high; gains 6% in two days on securing IOCL order")
PSU banks trade firm in a weak market; SBI nears record high
Recently, SBI raised Rs 10,000 crore through its maiden issue of infrastructure bonds, for funding infrastructure and affordable housing segment.
 "PSU banks trade firm in a weak market; SBI nears record high")
Mehul Kothari expects NLC India, DLF to gain in the near term; check why
According to the technical analyst from Anand Rathi, NLC India can rally to Rs 100, while DLF can jump to Rs 435.
 "Mehul Kothari expects NLC India, DLF to gain in the near term; check why")
JK Lakshmi Cement extends rally, up 27% in 9 days; stock nears record high
With today's rally, the market price of JK Lakshmi Cement has zoomed 117 per cent from its 52-week low of Rs 368.65, touched on May 12, 2022.
 "JK Lakshmi Cement extends rally, up 27% in 9 days; stock nears record high")
LTIMindtree commences trading with its new name; stock down 1%
Shareholders of erstwhile Mindtree, delisted from November 23, 2022, have been issued shares of erstwhile LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree
 "LTIMindtree commences trading with its new name; stock down 1%")
Mahindra Finance up 6%, hits 52-week high on healthy disbursements in Nov
The company recorded a disbursement of approximately Rs 4,500 crore in November 2022, delivering a 75 per cent YoY growth, on the backdrop of positive macro environment.
 "Mahindra Finance up 6%, hits 52-week high on healthy disbursements in Nov")
Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days
The stock hit a new high at Rs 116.35 and has surged 111% from its record low of Rs 55.20 touched on May 11, 2022.
 "Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days")
TVS Motor dips 3% after 2.6 million shares change hands on BSE
At 09:15 am, around 2.6 million or 0.55 per cent holding of the company changed hands at the counter on the BSE, the exchange data shows.
 "TVS Motor dips 3% after 2.6 million shares change hands on BSE")
Stocks to Watch: ONGC, Oil India, Hatsun Agro, Inox Green, Indus Towers
Stocks to Watch Today: SBI too may be in focus after the PSU bank successfully raised Rs 10,000 crore via its maiden infrastructure bonds.
 "Stocks to Watch: ONGC, Oil India, Hatsun Agro, Inox Green, Indus Towers")
Bajaj Hindustan Sugar zooms 20% on payment of entire overdues
There are no overdues in our account and the account is fully regular with all the lenders as on date, the Bajaj Group company said.
 "Bajaj Hindustan Sugar zooms 20% on payment of entire overdues")
Auto shares trade weak post November sales; Eicher, M&M down up to 3%
M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.
 "Auto shares trade weak post November sales; Eicher, M&M down up to 3%")
Will one-licence regime revive trend in insurance stocks? Chart check here
Among individual stocks, even as SBI Life trades record high the stock has been unable to enter unchartered territory. The proposed changes to the sector may help revive sentiment going forward.
 "Will one-licence regime revive trend in insurance stocks? Chart check here")
PB Fintech surges 6% after 5% equity changes hands on the NSE
Around 22.84 million shares representing 5 per cent of total equity of PB Fintech worth of Rs 1,042.53 crore changed hands in pre-open deals on the NSE today, the exchange data shows.
 "PB Fintech surges 6% after 5% equity changes hands on the NSE")
Skipper locked at 20% upper limit on heavy volumes; zooms 53% in two weeks
The stock now quotes at the highest level since September 2018, and saw trades of around 2 per cent of the equity size on Friday.
ONGC, Oil India jump up to 3% on sharp cut in windfall tax
The tax on crude oil produced by firms such as state-owned ONGC was reduced to Rs 4,900 per tonne from Rs 10,200 per tonne w.e.f December 02, 2022.
 "ONGC, Oil India jump up to 3% on sharp cut in windfall tax")
Mehul Kothari recommends to buy Astral, Voltas
The technical analyst from Anand Rathi recommends to keep a stop on Astral at Rs 1,860 and Voltas at Rs 815.
F&O Strategy: Here's why Nandish Shah recommends Bull spread on M&M Finance
The derivative analyst from HDFC Securities recommends to Buy M&M Finance 220 Call and simultaneously Sell 230 Call of the 29-December expiry.
