Page 59 - Market Trends
HDFC Bank, HDFC rally up to 10% as board approves merger
The share exchange ratio for the amalgamation of HDFC with and into HDFC Bank shall be 42 equity shares of face value of Re 1 each of HDFC Bank for every 25 equity shares of face value of Rs 2 of HDFC
 "HDFC Bank, HDFC rally up to 10% as board approves merger")
Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares
IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.
 "Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares")
India Glycols surges 16% in 3 days; to commission new unit by May 15
India Glycols informed that post successful installation of grain based distillery unit at Gorakhpur, trial runs are in progress and the same would be commissioned by May 15, 2022.
 "India Glycols surges 16% in 3 days; to commission new unit by May 15")
F&O Strategy: Nandish Shah recommends a Bull Spread on Balrampur Chini
The derivative analyst from HDFC Securities recommends buying Balrampur Chini April 520 CALL and simultaneously selling 520 CALL.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on Balrampur Chini")
This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume
Till 02:09 pm; a combined 37.98 million equity shares representing 4 per cent of the total equity of Edelweiss Financial changed hands on the NSE and BSE.
 "This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume")
Hindalco slips 8% in two days on profit booking; stock up 77% in one year
The management sees strong demand for aluminum from major segments like Beverage Can, Automotive Body Sheet, Specialties, and Aerospace.
 "Hindalco slips 8% in two days on profit booking; stock up 77% in one year")
Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA
The current momentum, which is showing stability above 200-DMA could see a gradual rally towards Rs 800 to Rs 815 levels, its next hurdle zone.
 "Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA")
Saregama hits 5% upper circuit on board nod for distribution biz demerger
The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business).
 "Saregama hits 5% upper circuit on board nod for distribution biz demerger")
Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses
The private lender has acquired Citigroups' Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans in an all cash deal worth Rs 12,325 crore.
 "Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses")
Usha Martin zooms 54% in 4 weeks; stock trades at over 14-year high
The stock traded at its highest level since January 2008; the stock had hit a record high of Rs 154 on January 4, 2008.
 "Usha Martin zooms 54% in 4 weeks; stock trades at over 14-year high")
Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks
Among the pack, Tata Motors seems to be a slow mover, as the stock may see an upside of 8 per cent on crossing the major hurdles.
 "Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks")
Tata Coffee, Tata Consumer surge up to 13% on business reorganisation plan
TCPL on Tuesday announced a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
 "Tata Coffee, Tata Consumer surge up to 13% on business reorganisation plan")
Stocks to Watch: ONGC, Hero MotoCorp, PNB, LTTS, IndiGo, Adani Group
Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.
Brigade Enterprise, RCF are the top trading picks of Vinay Rajani
The technical analyst from HDFC Securities expects the Nifty to rally towards 17,794 on a breakout above 17,500-level.
 "Brigade Enterprise, RCF are the top trading picks of Vinay Rajani")
Fertilizer shares in demand, zoom up to 20% amid supply worries
Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.
 "Fertilizer shares in demand, zoom up to 20% amid supply worries")
Cool consumer durables stocks to buy to beat the summer heat this season
After a sluggish demand due to Covid-19 induced lockdown, commodity inflation stares before consumer durables sector. However, analysts see a new ray of hope with expectation of a blockbuster summer.
 "Cool consumer durables stocks to buy to beat the summer heat this season")
Ruchi Soya, Brightcom, Adani Power: How to trade buzzing stocks of the day?
Going ahead, technical charts indicate up to 15 per cent gains for the buzzing stocks of Tuesday.
 "Ruchi Soya, Brightcom, Adani Power: How to trade buzzing stocks of the day?")
SBI Life Insurance jumps up to 4% amid heavy volume on bulk deal buzz
According to reports, Canada Pension Fund was to sell its 0.56 per cent stake in the company in a price band of Rs 1,039 - Rs 1,077
 "SBI Life Insurance jumps up to 4% amid heavy volume on bulk deal buzz")
Bharti Airtel spurts 2%, extends rally on positive news flow
The stock has gained 6 per cent in the last four trading sessions when compared with a 0.4 per cent gain on the benchmark.
 "Bharti Airtel spurts 2%, extends rally on positive news flow")
Gail India gains 4% as board to consider share buyback on Thursday
The attractiveness of the buyback will be determined when the quantum and price of buyback is announced, said ICICI Securities in a note.
 "Gail India gains 4% as board to consider share buyback on Thursday")
