Page 62 - Market Trends
Natco Pharma gains 9% as firm launches generic version of Revlimid in US
In the past three months, Natco Pharma has outperformed the market by gaining 8 per cent, as compared to 8 per cent decline in the S&P BSE Sensex.
 "Natco Pharma gains 9% as firm launches generic version of Revlimid in US")
Balkrishna Industries recovers 8% from day's low, up 3% in a weak market
The company announced commencement of commercial production from its brownfield expansion & debottlenecking project at the Bhuj plant.
 "Balkrishna Industries recovers 8% from day's low, up 3% in a weak market")
JK Cement slips 9% on board nod for Rs 600 cr investments in paint venture
In the past one month, the stock price of JK Cement has tanked 28 per cent on concerns of earnings downgrade due to rising energy cost.
 "JK Cement slips 9% on board nod for Rs 600 cr investments in paint venture")
Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows
Nifty Auto, Nifty Realty, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices were down in the range of 4 per cent to 5 per cent on the NSE.
 "Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows")
Indigo Paints tanks 11%, hits new low; trades near IPO price of Rs 1,490
In the past one month, the stock underperformed the market by falling 24 per cent, after Indigo Paints reported a disappointing set of numbers for Q3FY22 mainly in margin front.
 "Indigo Paints tanks 11%, hits new low; trades near IPO price of Rs 1,490")
ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high
Sustained higher crude oil prices and gas realisations can result in better profitability for ONGC.
 "ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high")
Shakti Pumps hits 52-week low; plunges 20% in 1-month on growth concerns
The stock price of the company hit a 52-week low of Rs 473.50 and has almost halved or tanked 48 per cent from its 52-week high of Rs 910 touched on June 8, 2021.
Sell-off toll! HDFC twins, HUL, Dr.Reddy's among Nifty50 stks at 52-wk lows
Apart from the 8 stocks among the Nifty50 index, a total of 26 stocks too dropped to their respective 52-week lows among the Nifty500 index.
GNFC bucks trend, hits life-time high on gaining 3%; up 33% in one month
The stock hit a new high of Rs 604.40, and has rallied 80 per cent in the past six months, as compared to a 6.6 per cent decline on the Sensex.
 "GNFC bucks trend, hits life-time high on gaining 3%; up 33% in one month")
Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries
The steep and unprecedented inflationary trend in raw material prices continued to impact the gross margins.
 "Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries")
Mehul Kothari suggests buying Wipro, Hindustan Petroleum; Here's why
Mehul Kothari of Anand Rathi recommends accumulating Wipro as it nears 560-570-mark
 "Mehul Kothari suggests buying Wipro, Hindustan Petroleum; Here's why")
Nandish Shah recommends a Bull spread strategy on Chambal Fertilisers
The derivative analyst from HDFC Securities recommends buying CHAMBAL FERT March 400 CALL at Rs 13.50 & simultaneously selling 420 CALL at Rs 7.50.
 "Nandish Shah recommends a Bull spread strategy on Chambal Fertilisers")
Stocks to Watch: Voda Idea, Wockhardt, KEC Intl, Tata Motors, Pharma, PSBs
Pharma shares are likely to be in limelight as NPPA may allow up to 10 per cent hike on scheduled drugs in the month of April.
 "Stocks to Watch: Voda Idea, Wockhardt, KEC Intl, Tata Motors, Pharma, PSBs")
Voda Idea surges 7%; board to consider proposal to raise funds today
Vodafone and Aditya Birla Gourp intend to contribute towards an issue of equity shares by Vi once the terms of such a capital raise have been evaluated and decided on by the board of directors of Vi.
 "Voda Idea surges 7%; board to consider proposal to raise funds today")
Input cost worries! ACC, Ambuja, UltraTech slip 3%; down heavily in a month
Apart from higher coal/petcoke prices, the recent increase in crude prices/ocean freight rates may further put pressure on operating costs for the cement industry.
 "Input cost worries! ACC, Ambuja, UltraTech slip 3%; down heavily in a month")
Coal India surges 32% in 4 days on improved outlook; stock nears 52-wk high
MOSL expects profitability to recover further in January-March quarter (Q4FY22) led by strong e-auction premiums, which breached the 100 per cent mark after 12 quarters in Jan-Feb.
 "Coal India surges 32% in 4 days on improved outlook; stock nears 52-wk high")
Eveready falls 7% after Burman Family makes an open offer to buy 26% shares
The open offer has been priced at Rs 320 per share aggregating to a total consideration of up to Rs 605 crore.
 "Eveready falls 7% after Burman Family makes an open offer to buy 26% shares")
HDFC Bank dips 5%, nears 52-week low; stock down 10% in one week
The stock has underperformed post management change, more so due to the RBI's embargo on its card/ digital initiatives and Covid-induced disruption.
 "HDFC Bank dips 5%, nears 52-week low; stock down 10% in one week")
ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices
Earnings outlook for upstream PSUs has improved considerably given the recent rise in crude oil prices above $90/bbl mark and expectation of a further steep hike in domestic gas price over H1-H2FY23
 "ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices")
Stocks to Watch: HUL, Eveready, L&T Finance, Banks, Autos, Adani Group
Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.
 "Stocks to Watch: HUL, Eveready, L&T Finance, Banks, Autos, Adani Group")
