Page 61 - Market Trends
Future Group stocks hit 52-week lows as FRL clarifies on RIL takeover
Future Retail on Wednesday said that it was committed to taking all actions necessary to seek value adjustments and reversal of takeover of stores by the Reliance group.
 "Future Group stocks hit 52-week lows as FRL clarifies on RIL takeover")
Bharat Dynamics hits new high; stock surges 34% in 8 straight sessions
The counter witnessed three-fold jump in volume with a combined 2.3 million equity shares changing hands on the NSE and BSE.
 "Bharat Dynamics hits new high; stock surges 34% in 8 straight sessions")
Trent surges 8%, hits record high on hopes of strong earnings
The stock has gained 19 per cent in the last one month after the company reported a strong set of numbers for the December quarter and the management showed optimism over the future growth.
 "Trent surges 8%, hits record high on hopes of strong earnings")
Voltas gains 4%; nears record high on JV with Hong Kong firm
Highly International and Voltas will hold 60% and 40% stake in the joint venture company, respectively, and the JVC would have equity capital of Rs 250 crore to be contributed in tranches.
 "Voltas gains 4%; nears record high on JV with Hong Kong firm")
Zomato hits new life-time low on reports of merger talks with Blinkit
The board of Zomato also approved acquisition of 16.66 per cent equity in Mukunda Foods for a consideration of $5 million.
 "Zomato hits new life-time low on reports of merger talks with Blinkit")
Eureka Forbes locked at the 5% lower circuit on BSE listing
The exchange said, the stock will be in trade-for-trade (T2T) segment for the first 10 trading days.
 "Eureka Forbes locked at the 5% lower circuit on BSE listing")
Here's why Vinay Rajani of HDFC Securities is bullish on GSFC, Sun Pharma
The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.
 "Here's why Vinay Rajani of HDFC Securities is bullish on GSFC, Sun Pharma")
Stocks to Watch: Zomato, Eicher Motors, IndiGo, HDFC Bank, Dhani Services
Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.
 "Stocks to Watch: Zomato, Eicher Motors, IndiGo, HDFC Bank, Dhani Services")
Ruchi Soya zooms 42% in two days on Rs 4,300 cr follow-on public offer plan
The company remains confident of the medium to long-term growth prospects in edible oils, processed food, palm plantations and other businesses of the company.
 "Ruchi Soya zooms 42% in two days on Rs 4,300 cr follow-on public offer plan")
JK Paper rallies 29% in 1 week, hits new high on improved biz outlook
The re-opening of offices, educational institutions, and courts will lead to normalisation of paper demand.
 "JK Paper rallies 29% in 1 week, hits new high on improved biz outlook")
Paytm sheds 20% in 2 days; drops out of the BSE top-100 market cap league
With Tuesday's intra-day fall of 9 per cent, Paytm's market capitalisation dropped to Rs 40,863 crore, down at the 112th position on the BSE.
 "Paytm sheds 20% in 2 days; drops out of the BSE top-100 market cap league")
Paytm tanks 14% hits new low post RBI curbs on Payments Bank
Paytm has clarified stating the RBI ban does not impact on the services provided in partnership with other financial institutions.
 "Paytm tanks 14% hits new low post RBI curbs on Payments Bank")
Jubilant FoodWorks slumps 15%, hits 52-week low as CEO Pratik Pota resigns
In the past three months, the stock has underperformed the market falling 35 per cent as against a 4.4 per cent decline on the S&P BSE Sensex.
 "Jubilant FoodWorks slumps 15%, hits 52-week low as CEO Pratik Pota resigns")
Sugar stock on a roll; Balrampur, Triveni, Dhampur, Dwarikesh hit new highs
Sugar stocks rallied up to 11 per cent on the BSE in Friday's intra-day trade on strong outlook and foreign institutional investors (FIIs) interest.
 "Sugar stock on a roll; Balrampur, Triveni, Dhampur, Dwarikesh hit new highs")
BSE extends rally, zooms 52% in 10 days; stock hits record high
BSE has fixed March 22, 2022, as the record date for the purpose of determining the names of shareholders who shall be entitled for allotment of bonus equity shares in the ratio of 2:1.
 "BSE extends rally, zooms 52% in 10 days; stock hits record high")
Balrampur Chini gains 4%; hits record high on strong business outlook
Wiith a favourable mix of ethanol towards B-heavy/ juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve.
 "Balrampur Chini gains 4%; hits record high on strong business outlook")
Coforge dips 6% after 10% equity changes hands on BSE
At 09:15 am; around 6.18 million equity shares representing 10.14 per cent of total equity of Coforge changed hands on the BSE, the exchange data shows.
 "Coforge dips 6% after 10% equity changes hands on BSE")
This UP-based sugar stock has zoomed 41% in 8 days; trades at record high
Dwarikesh Sugar hit a new high of Rs 113.70, on rallying 9% on Wednesday. The stock has surged 25% in the last one week, as compared to a 3% decline on the S&P BSE Sensex.
 "This UP-based sugar stock has zoomed 41% in 8 days; trades at record high")
Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine
The IT services companies, who make most of their revenues servicing clients in US tend to benefit from a weaker rupee.
 "Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine")
PowerGrid Corporation surges 5%, hits record high in a volatile market
Overall, transmission bidding is likely to gather pace from FY23, which bodes well for PowerGrid Corporation, said Edelweiss in its analyst note.
 "PowerGrid Corporation surges 5%, hits record high in a volatile market")
