Page 30 - Market Trends
Nykaa soars 6% as company's board to consider maiden bonus issue on Oct 3
However, in the past six months, the has stock shed 17 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.
 "Nykaa soars 6% as company's board to consider maiden bonus issue on Oct 3")
CGD firms: Mahanagar Gas, IGL, Adani Total may add another 16%, charts show
Shares of gas distribution companies have being in focus on expectations of rise in demand, coupled with a favourable outcome from the Kirit Parikh report.
 "CGD firms: Mahanagar Gas, IGL, Adani Total may add another 16%, charts show")
ITI soars 10% as board plans to mull equity share issue to the government
The company has undertaken many initiatives or projects, in order to boost their turnover and implement the revival plan.
 "ITI soars 10% as board plans to mull equity share issue to the government")
Stock of this footwear company has zoomed 60% thus far in September
Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.
 "Stock of this footwear company has zoomed 60% thus far in September")
City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%
Analysts expects overall gas demand from the CNG and DPNG sectors to grow at 15.7 per cent CAGR over FY22-27 supported by aggressive expansion in infrastructure.
 "City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%")
Analysts see Rupee hitting 85 levels; Fibonacci charts, too, show weakness
As per the weekly Fibonacci chart, the Rupee can depreciate to 82 - 82.20 - 82.40 during the week. However, in case the currency sustains below 81.55-level a corrective move to 80.50 seems possible.
 "Analysts see Rupee hitting 85 levels; Fibonacci charts, too, show weakness")
Here's why Mehul Kothari recommends buying Metropolis, Thyrocare Tech
According to the technical analyst from Anand Rathi, Metropolis Healthcare can rally to Rs 1,800, while Thyrocare Technologies can rise up to Rs 740.
 "Here's why Mehul Kothari recommends buying Metropolis, Thyrocare Tech")
Piramal Enterprises slips 9% to hit 52-week low; stock slumps 11% in 2 days
In the past two days, the stock slipped 11 per cent after the RBI directed M&M Financial Services to immediately cease any recovery or repossession activities via an outsource till further orders.
 "Piramal Enterprises slips 9% to hit 52-week low; stock slumps 11% in 2 days")
IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns
In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.
 "IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns")
Harsha Engineers makes strong debut, lists at 36% premium to issue price
Post listing, the stock moved 45 per cent higher to Rs 480 on the NSE and BSE, as against its issue price of Rs 330 per share.
 "Harsha Engineers makes strong debut, lists at 36% premium to issue price")
Hindustan Unilever gains 2%, hits over 11-month high in a weak market
In the past six months, the stock has rallied nearly 40 per cent, as against 0.34 per cent decline in the S&P BSE Sensex.
 "Hindustan Unilever gains 2%, hits over 11-month high in a weak market")
Gold may head lower, support seen at Rs 48,900 levels; silver range-bound
The 48,900-level is the 100-WMA for MCX Gold October futures, below which the next support stands around Rs 44,500 - 200-WMA. Momentum oscillators indicate a mixed outlook for MCX Silver f
 "Gold may head lower, support seen at Rs 48,900 levels; silver range-bound")
Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%
Apart from a forensic audit in the Fortis-IHH deal, the Supreme Court on Thursday also announced a jail term of six months for Malvinder Singh and Shivinder Singh in the Daiichi-Fortis case.
 "Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%")
Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick
Tata Chemical sees 25 per cent upside on Golden Cross breakout, while Tata Investment and Indian Hotels can surge up to 20 per cent each.
 "Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick")
Schneider Electric hits over 6-year high, surges 12% in a weak market
With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.
 "Schneider Electric hits over 6-year high, surges 12% in a weak market")
M&M Financial tanks 14% as RBI bars third-party services for loan recovery
In a circular, the RBI said that the non-banking finance company may continue to carry out recovery or repossession activities, through its own employees.
 "M&M Financial tanks 14% as RBI bars third-party services for loan recovery")
Derivatives analyst Nandish Shah recommends Bull Spread on Bharat Forge
The analyst from HDFC Securities recommends buying Bharat Forge 790 Call and simultaneously selling 810 Call of the September series.
 "Derivatives analyst Nandish Shah recommends Bull Spread on Bharat Forge")
Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod
Stocks to Watch Today: UCO Bank became the first bank to get RBI nod for Rupee trade settlement a/c with Russia; The Central Bank warns M&M Finance against outsourcing recovery agents.
 "Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod")
Saksoft hits all-time high ahead of 1:10 stock split; stock soars 19%
Saksoft has fixed Monday, September 26, 2022 as the 'record date' to ascertain the eligibility of shareholders entitled for sub-division of equity shares.
Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock
The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.
 "Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock")
