Page 60 - Market Trends
Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%
The combined entity will become the largest film exhibition company in India with 1,546 screens, at around 50 per cent multiplex screen market share and around 42% box office collection market share
 "Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%")
Stocks to Watch: PVR, Inox, Airtel, Emami, DLF, HDFC Bank, Gail India, PSUs
PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.
 "Stocks to Watch: PVR, Inox, Airtel, Emami, DLF, HDFC Bank, Gail India, PSUs")
Indus Tower tanks 8% on heavy volume; stock nears 52-week low
The stock traded close to its 52-week low of Rs 194.25 touched on August 5, 2021.
 "Indus Tower tanks 8% on heavy volume; stock nears 52-week low")
Tata Elxsi gains 5%, hits record high in a weak market
In the past three months, the stock has outperformed the market by surging 45 per cent as the company delivered strong and consistent growth in December quarter.
 "Tata Elxsi gains 5%, hits record high in a weak market")
Inox Leisure rallies 8%, hits 52-week high on improved business outlook
Business should continue to boost in the coming quarters, supported by uplifting of pandemic-related restrictions and strong content line up ready to be released over the next few months
 "Inox Leisure rallies 8%, hits 52-week high on improved business outlook")
F&O Strategy: Nandish Shah recommends a Bull spread on IDFC
The derivative analyst from HDFC Securities recommends buying IDFC March 65 CALL and simultaneously selling 70 CALL.
 "F&O Strategy: Nandish Shah recommends a Bull spread on IDFC")
The stock of this specialty chemicals has zoomed 51% in one month
The management believes that by the end of this year in comparison to the last year, company would be doubling its profitability.
 "The stock of this specialty chemicals has zoomed 51% in one month")
Zee surges 15% as Invesco withdraws EGM notice for Punit Goenka's removal
In September 2021, Invesco had put out a requisition to the Zee Board of Directors to hold an EGM on the grounds that it felt the company was not running as smoothly as desired.
 "Zee surges 15% as Invesco withdraws EGM notice for Punit Goenka's removal")
5-day rally halts! L&T Finance down 7% on profit-taking post L&T stake hike
On Wednesday, the stock ended 18 per cent higher after L&T bought 41.49 million equity shares of L&T Finance Holdings for Rs 348 crore.
 "5-day rally halts! L&T Finance down 7% on profit-taking post L&T stake hike")
This Warren Buffett-owned Indian stock has been a wealth destroyer
In September 2018, Buffet's investment arm - BH International Holdings - invested $300 million, or Rs 2,179 crore, for 2.6 per cent stake in PayTM, which had valued the start-up at $10 billion then.
 "This Warren Buffett-owned Indian stock has been a wealth destroyer")
Not taking any bold decisions other than tactical allocation: JM Financial
SATISH RAMANATHAN, chief investment officer for equity at JM Financial Asset Management says the investment firm has increased cash levels marginally across portfolios to ride out the volatility.
 "Not taking any bold decisions other than tactical allocation: JM Financial")
This Ashish Kacholia-owned chemical stock has zoomed 103% in three months
Shares of Vishnu Chemicals hit a record high of Rs 1,680.45, up 5 per cent on the BSE in Wednesday's intra-day trade in an otherwise subdued market.
ITC inches towards 52-week high; stock surges 17% in one month
In comparison, the S&P BSE Sensex and the S&P BSE FMCG index were up 1.6 per cent and 0.6 per cent, respectively, in the past one month
 "ITC inches towards 52-week high; stock surges 17% in one month")
Vinay Rajani of HDFC Securities recommends buying GSFC, Gujarat Alkalies
The technical analyst also expects the Nifty to rally to 17,484 to 17,794; the support is now raised up to 17,100 level.
 "Vinay Rajani of HDFC Securities recommends buying GSFC, Gujarat Alkalies")
Paytm slips 32% in one month, hits new low; tanks 74% from issue price
Off late, the stock has been under pressure following RBI's ban on Paytm Payments Bank (PPBL) from onboarding new customers.
 "Paytm slips 32% in one month, hits new low; tanks 74% from issue price")
Here's why Mehul Kothari is bullish on Cummins India, Delta Corp
According to the technical analyst from Anand Rathi, Cummins India has confirmed a multiyear breakout above the Rs 1,050-level.
 "Here's why Mehul Kothari is bullish on Cummins India, Delta Corp")
Nifty Pharma may have bottomed out; Aurobindo, Glenmark can rally up to 10%
The Nifty Pharma index has crossed its near-term resistance at 13,700, and may spurt another 1.5 per cent.
 "Nifty Pharma may have bottomed out; Aurobindo, Glenmark can rally up to 10%")
Future Group shares hit record lows; Future Retail tanks 16% in two days
Future Group companies will convene meeting with their respective shareholders and creditors on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail
 "Future Group shares hit record lows; Future Retail tanks 16% in two days")
Here's why Mehul Kothari recommends buying Hindustan Unilever
According to the technical analyst from Anand Rathi, it is a good time to buy HUL as the stock recently retested its 200-WMA after a gap of 10 - 12 years.
 "Here's why Mehul Kothari recommends buying Hindustan Unilever")
Stocks to Watch: RIL, Adani Group, Ruchi Soya, Maruti, SBI, JSPL, FMCG
Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.
