Page 25 - Market Trends
M&M Financial Services surges 9% on healthy business growth in Q2FY23
In October 2022, Mahindra Finance estimates the total disbursement of approximately Rs 5,250 crore, thus delivering 97 per cent growth over October 2021.
 "M&M Financial Services surges 9% on healthy business growth in Q2FY23")
Relaxo Footwears tanks 7%, hits 52-week low on weak Q2 performance
In Q2, EBITDA margins declined to 8.9 per cent, down 445 bps YoY and 400 bps on QoQ, due to higher raw material cost.
 "Relaxo Footwears tanks 7%, hits 52-week low on weak Q2 performance")
Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision
Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.
 "Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision")
Stock of this IT enabled services company has zoomed 73% in 11 trading days
Shares of Axiscades Technologies continued their northward movement as they froze 10 per cent upper circuit at Rs 282.95 per share in Wednesday's intra-day trade
 "Stock of this IT enabled services company has zoomed 73% in 11 trading days")
Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results
Thus far in FY23, MDL (up 277%), GRSE (201%) and Cochin Shipyard (185%) have seen their market price appreciated more than 100%, as against nearly 4% rise in Sensex.
 "Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results")
Max Healthcare rallies 5%; hits record high on healthy Q2 results
The growth in Q2FY23 revenue and operating EBITDA were driven by higher occupancies, improved payor mix, and increased ARR in OPD.
 "Max Healthcare rallies 5%; hits record high on healthy Q2 results")
LIC Housing Finance plunges 13% on disappointing September quarter results
LIC Housing Finance's net interest income (NII) declined by 0.8 per cent to Rs 1,163 crore in the reporting quarter from Rs 1,173 crore a year ago.
 "LIC Housing Finance plunges 13% on disappointing September quarter results")
Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits
On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level.
 "Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits")
Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead
MARKET WRAP: Pharma, power and IT stocks were the major gainers in trade on Tuesday, while index heavyweight Reliance Industries and select banking shares ended on a tepid note.
 "Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead")
Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23
The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22
 "Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23")
Larsen & Toubro nears record high after strong Q2FY23, healthy order book
Analysts believe that L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in the domestic market
 "Larsen & Toubro nears record high after strong Q2FY23, healthy order book")
Axis Bank slips 2% after 1.2% equity changes hands on BSE via block deal
At 09:15 AM, around 38.99 million shares representing 1.2 per cent of total equity of Axis Bank changed hands on the BSE, the exchange data shows.
 "Axis Bank slips 2% after 1.2% equity changes hands on BSE via block deal")
Mehul Kothari recommends to buy Astral, Just Dial on dips; Check Why
According to the technical analyst from Anand Rathi, Astral can be bought with a stop at Rs 1,940, and Just Dial can be purchaced closer to Rs 620.
 "Mehul Kothari recommends to buy Astral, Just Dial on dips; Check Why")
Titan hits record high on hopes of strong Q2FY23; stock up 44% in 4 months
The board of directors of Titan is scheduled to meet on Friday, November 4, 2022 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2022
 "Titan hits record high on hopes of strong Q2FY23; stock up 44% in 4 months")
SBI Cards and Payment Services tanks 7 per cent on muted Q2 earnings
SBI Card reported a modest quarter with net earnings impacted due to higher provisions.
 "SBI Cards and Payment Services tanks 7 per cent on muted Q2 earnings")
Narayana Hrudayalaya hits record high on healthy outlook; stock surges 9%
Analysts believe that Narayana Hrudayalaya's revenues will increase by around 8 per cent QoQ to Rs 1,117 crore amid continued traction for elective surgeries.
 "Narayana Hrudayalaya hits record high on healthy outlook; stock surges 9%")
Nykaa down 24% in one month, bows out of top-100 valued firms' club
The sharp selloff in Nykaa has come ahead of the end of one-year post IPO lock-in period, which ends next month.
 "Nykaa down 24% in one month, bows out of top-100 valued firms' club")
Stock of this SME electrical equipment maker has zoomed 500% in two months
RMC Switchgears hit a record high of Rs 264.25 on Friday, and has rallied a whopping 500 per cent in the past two months from a level of Rs 44, the BSE data shows.
 "Stock of this SME electrical equipment maker has zoomed 500% in two months")
Stocks to watch: Maruti, SpiceJet, SBI Card, Indus Towers, Tata Chemicals
Stocks to watch today: Maruti Suzuki, Vedanta will report the July-September quarter (Q2FY23) results on Friday, October 28; SBI Card reported 52 per cent YoY jump in net profit Rs 526 crore in Q2FY23
 "Stocks to watch: Maruti, SpiceJet, SBI Card, Indus Towers, Tata Chemicals")
SJVN soars 11% on commissioning 75 MW solar power project in Uttar Pradesh
The stock of state-owned electric utilities company traded at its highest level since February 2018.
