Page 56 - Market Trends
Veranda lists 15% higher over issue price on BSE; down 5% on NSE
At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade on the BSE, against issue price of Rs 137 per share.
 "Veranda lists 15% higher over issue price on BSE; down 5% on NSE")
Reliance Industries becomes 1st Indian company to hit Rs 19-trillion m-cap
According to the BSE data, RIL m-cap stood at Rs 19.02 trillion at 09:33 AM, with the stock up 1.3 per cent at Rs 2,811.85.
 "Reliance Industries becomes 1st Indian company to hit Rs 19-trillion m-cap")
Stocks to Watch: Reliance, Bajaj Finance, Wipro, HDFC Life, Tata Coffee
Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.
 "Stocks to Watch: Reliance, Bajaj Finance, Wipro, HDFC Life, Tata Coffee")
Nifty likely to remain choppy, these are the key levels as per Vinay Rajani
The technical analyst from HDFC Securities recommends buying Action Construction Equipment and Bandhan Bank.
 "Nifty likely to remain choppy, these are the key levels as per Vinay Rajani")
Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb
At 10:40 AM, AWL up 5 per cent stood at 50th position in overall market-cap ranking with a m-cap of Rs 1.04 trillion, BSE data shows.
 "Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb")
LIC IPO: Will the reduced offer size help garner investor interest?
While analysts remain mixed on how the government's largest-ever IPO would perform on Dalal Street, they expect the issue to sail through as the markets have staged strong recovery from March lows.
 "LIC IPO: Will the reduced offer size help garner investor interest?")
Bajaj Auto Q4 preview: Will subdued vols, high input cost dampen results?
Analysts expect revenue to decline by 11-12 per cent year-on-year (YoY) in Q4, marked by decline in volumes and surge in average selling price due to steep price hikes taken over the last few quarters
 "Bajaj Auto Q4 preview: Will subdued vols, high input cost dampen results?")
Adani Enterprises hits new life-time high, stock up 5% on heavy volume
According to a Bloomberg report, Gautam Adani's conglomerate is in advanced talks to acquire Holcim Ltd.'s businesses in India.
 "Adani Enterprises hits new life-time high, stock up 5% on heavy volume")
The stock of this civil construction company has zoomed 147% in a month
On April 12, the board of Simplex Infra approved fund raise of up to Rs 421.80 crore by issuing shares and warrants to Swan Construction, a non-promoter group company on a preferential basis.
 "The stock of this civil construction company has zoomed 147% in a month")
Chart check: Nifty IT down 11% in April; Is it time to buy TCS, HCL Tech?
Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to 30,000 as the accumulation range for the index.
 "Chart check: Nifty IT down 11% in April; Is it time to buy TCS, HCL Tech?")
Meghmani Finechem zooms 28% in two trading sessions post robust Q4 results
Q4 ebitda margin was up by 405 bps to 35 per cent on the back of strong operational efficiency and internal cost control measures.
 "Meghmani Finechem zooms 28% in two trading sessions post robust Q4 results")
Here's why Mehul Kothari recommends buying JSW Steel, Genus Power
According to the technical analyst from Anand Rathi, Genus Power has confirmed a multi-year breakout above the Rs 95 mark, and seems poised to rally towards Rs 140 in the next few months.
 "Here's why Mehul Kothari recommends buying JSW Steel, Genus Power")
Ambuja Cements hits over 3-month high; rallies 29% thus far in April
Holcim Ltd., the world's biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements.
 "Ambuja Cements hits over 3-month high; rallies 29% thus far in April")
Future Group shares tank up to 20% as Reliance calls off deal
Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.
 "Future Group shares tank up to 20% as Reliance calls off deal")
Stocks to Watch: ICICI Bank, RIL, Tejas Network, Tata Metaliks, Religare
Stocks to Watch Today: Shares of pharma company - Aurobindo, Sun Pharma and Jubilant are likely to be in focus as the trio have recalled different products in the US market as per the latest USFDA
Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz
The company's board is scheduled to meet on April 28 to consider a proposal for raising funds
 "Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz")
Adani Power enters top-50 most-valued firms club; zooms 109% in a month
Adani Power's market cap was at Rs 99,972 crore as of 10:19 am on Friday, the BSE data shows
 "Adani Power enters top-50 most-valued firms club; zooms 109% in a month")
Rallis India slumps 9% on disappointing Q4 results
The company reported a consolidated net loss of Rs 14 crore in March quarter on higher raw material cost.
 "Rallis India slumps 9% on disappointing Q4 results")
Here's why Mehul Kothari recommends buying Tata Power, Sunteck Realty
According to the technical analyst from Anand Rathi, Suntech Realty is on the verge of breakout; whereas, Tata Power is testing its key support.
 "Here's why Mehul Kothari recommends buying Tata Power, Sunteck Realty")
VRL Logistics surges 6%, hits new high on strong business outlook
In the past one month, the stock has outperformed the market by surging nearly 30 per cent as compared to 1 per cent decline in the S&P BSE Sensex.
 "VRL Logistics surges 6%, hits new high on strong business outlook")
