Page 52 - Market Trends
MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil
The MCX Natural Gas futures may test Rs 704 as indicated on the daily charts; the bias for the remainder of the week is likely to remain bullish as long as Natural Gas sustains above Rs 673.
 "MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil")
Stocks to Watch: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur
Stocks to Watch Today: Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results.
 "Stocks to Watch: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur")
Delhivery jumps over 10% post tepid debut: Should you hold or sell shares?
Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.
 "Delhivery jumps over 10% post tepid debut: Should you hold or sell shares?")
Divis Labs sheds 14% in two days, hits 52-week low post Q4 results
The company has earmarked an aggressive capex of around Rs 2,000 crore over next two years in order to take a chunk of around $20 billion opportunity of APIs going off-patent over FY23-25.
 "Divis Labs sheds 14% in two days, hits 52-week low post Q4 results")
Here's why Mehul Kothari is bullish on MCX India, Voltas
According to the technical analyst, MCX India has a classic setup, precise Bullish BAT pattern on the daily chart with N-wave completed near the potential reversal zone.
 "Here's why Mehul Kothari is bullish on MCX India, Voltas")
Aether Industries' Rs 800 crore IPO opens today. Should you subscribe?
Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player compared to other chemical companies
 "Aether Industries' Rs 800 crore IPO opens today. Should you subscribe?")
Stock of this rubber producer company has zoomed 76% in two months
Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.
 "Stock of this rubber producer company has zoomed 76% in two months")
Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%
Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.
 "Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%")
MSCI Inclusion Impact: Adani Power hits record high, up 35% in seven days
In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.
 "MSCI Inclusion Impact: Adani Power hits record high, up 35% in seven days")
Nifty Metal bleeds 7% after govt hikes export duty on steel products
The government levied export duty on 11 iron and steel intermediates and key steel products.
 "Nifty Metal bleeds 7% after govt hikes export duty on steel products")
Stocks to Watch: Infy, L&T, PowerGrid, BHEL, NTPC, IDBI Bank, Steel makers
Stocks to Watch Today: Bharat Electronics, Data Patterns (India), SAIL and Zomato ahead of Q4 earnings on Monday.
HAL hits new high on strong Q4 results; stock soars 18% in a week
In the past one week, the stock has gained 18 per cent after the company reported 90 per cent year on year (YoY) jump in consolidated net profit at Rs 3,105 crore for March quarter (Q4FY22).
 "HAL hits new high on strong Q4 results; stock soars 18% in a week")
Welspun Corp hits 52-week high on Rs 5,000 crore order win
With this, Welspun Crop order book as on date (excluding Saudi) stands at 704,000 MT valued at approximately Rs 10,500 crore.
 "Welspun Corp hits 52-week high on Rs 5,000 crore order win")
Returns from these stocks beat Sensex in current bloodbath. Do you own any?
Crisil, Hindustan Aeronautics, MRPL, ITC, and Welspun Corp have logged smart gains despite the broader market weakness.
 "Returns from these stocks beat Sensex in current bloodbath. Do you own any?")
Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan
P N Vasudevan resigned as the managing director and chief executive officer of the Equitas Small Finance Bank for a career in health and education.
 "Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan")
CPCL hits over four-year high; zooms 164% in 7 weeks on strong earnings
In Q4FY22, CPCL reported four-fold jump in its consolidated net profit at Rs 1,002 crore as against Rs 242 crore in Q4FY21.
Prudent Corporate falls 6% below its issue price despite decent listing
The stock hit an intra-day low of Rs 594.25, down 6 per cent from its issue price.
 "Prudent Corporate falls 6% below its issue price despite decent listing")
TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector
The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over
 "TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector")
Nava Bharat Ventures zooms 33% in 4 days on robust Q4 results
The company reported robust growth in its operations, backed by solid traction in manganese alloy business in both export and domestic markets.
Chart check: ITC could jump 40% on fresh breakouts, may hit Rs 400-mark
Though ITC is 40 points short from its all-time high of Rs 315.25-mark, the present scenario on the daily and weekly charts point to a strong up move
 "Chart check: ITC could jump 40% on fresh breakouts, may hit Rs 400-mark")
