Page 66 - Market Trends
ITC extends rally, up 9% in a week; company to announce results on Thursday
The stable taxation on cigarettes can aid volume growth for cigarette companies, which have been one of most unsettled industry from Covid related disruptions.
 "ITC extends rally, up 9% in a week; company to announce results on Thursday")
Tech Mahindra dips 4% on margin disappointment in December earnings
In the past one month, the stock has underperformed the market by falling 19 per cent as against a 1.7 per cent rise in the S&P BSE Sensex.
 "Tech Mahindra dips 4% on margin disappointment in December earnings")
Anupam Rasayan at all-time high, up 10% on acquiring 24.96% stake in Tanfac
The stock price has almost doubled from its issue price of Rs 555 per share, in less than a year.
 "Anupam Rasayan at all-time high, up 10% on acquiring 24.96% stake in Tanfac")
Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE
Improvement in the industry dynamics post telecom reforms announced by the government, which addressed the liquidity woes of the sector, led to the upgrade said Care Ratings.
 "Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE")
TTML hits 5% upper limit on withdrawing equity conversion plan on AGR dues
The stock of Tata Group telecom services provider tanked 51% after the company on January 10, 2022 announced its decision to convert interest related to AGR dues of Rs 850 crore into equity.
 "TTML hits 5% upper limit on withdrawing equity conversion plan on AGR dues")
Stocks to Watch: Tech Mahindra, Adani Ports, Hero Moto, Voda Idea, TTML
Adani Green, Apollo Tyres, Adani Total Gas, Balrampur Chini, Dabur, eClerx, HDFC, IOB, Jubilant Foodworks, M&M Financial, Tata Consumer and Zee to announce results today.
 "Stocks to Watch: Tech Mahindra, Adani Ports, Hero Moto, Voda Idea, TTML")
Buy ICICI Bank, PNB, recommends Vinay Rajani of HDFC Securities
The technical analyst expects the NSE Nifty to face resistance around 17,773, while suggests to hold longs on the Nifty with a stop at 17,200.
 "Buy ICICI Bank, PNB, recommends Vinay Rajani of HDFC Securities")
The budget focuses on the next few years and not the elections
The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.
 "The budget focuses on the next few years and not the elections")
Post Budget cheer: ITC jumps to 7-week high, gains 3.5% on heavy volumes
The stock had corrected 20 per cent from its 52-week high of Rs 265.30 touched on October 10, 2021, amid fears of higher taxes.
 "Post Budget cheer: ITC jumps to 7-week high, gains 3.5% on heavy volumes")
The budget focuses on the next few years and not the elections
The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.
Capex proposals can be inflationary; equity, bond markets may not like it
The best part of the budget proposals has been the continuity in managing the fiscal situation and focus on capex spending without any negative surprises, says Andrew Holland.
 "Capex proposals can be inflationary; equity, bond markets may not like it")
Budget impact: Nifty Metal index soars 4%; Tata Steel, SAIL rally up to 8%
This government has allocated Rs 7.5 trillion towards capital expenditure, up 35.4 per cent higher compared to the previous year's figure of Rs 5.5 trillion.
 "Budget impact: Nifty Metal index soars 4%; Tata Steel, SAIL rally up to 8%")
Budget impact: Aavas Financiers soars 7% on affordable housing boost
Finance Minister Nirmala Sitharaman on Tuesday in the Union Budget 2022 speech said that Rs 48,000 crore is allotted for PM Awas Yojana.
 "Budget impact: Aavas Financiers soars 7% on affordable housing boost")
Sun Pharma rallies 5%, hits new 52-week high post Q3 results
The management said the company achieved a sustained momentum and good growth across businesses; despite rising costs, achieved higher profitability.
 "Sun Pharma rallies 5%, hits new 52-week high post Q3 results")
Deepak Fertilisers at new high on robust Q3 results, gains 60% in 1 month
The company's consolidated net profit doubled to Rs 181 crore in Q3FY22 from Rs 89 crore
 "Deepak Fertilisers at new high on robust Q3 results, gains 60% in 1 month")
Stocks to Watch: Sun Pharma, UPL, DLF, DB Realty, OMCs, Tata group
Adani Ports, Indian Hotels and Tech Mahindra are some of the prominent companies to announce results today.
 "Stocks to Watch: Sun Pharma, UPL, DLF, DB Realty, OMCs, Tata group")
Sops for green energy? Here's how Tata Power, Adani Green look on charts
Adani Green so far this month has rallied 45% per cent, sustained trade above Rs 1,900-level can trigger a fresh 15 per cent surge
 "Sops for green energy? Here's how Tata Power, Adani Green look on charts")
Hotel stocks rally on heavy volumes; Chalet, Lemon Tree soar over 10%
While Q2FY22 witnessed a sharp rebound in revenues on a lower base, ICICI Securities expect a further recovery in revenues during Q3FY22E supported by healthy festive season travel demand.
 "Hotel stocks rally on heavy volumes; Chalet, Lemon Tree soar over 10%")
NIIT surges 14% in two days on board nod for reorganisation of CLG biz
The composite scheme of arrangement which would result in Corporate Learning Group (CLG) Business and Skills & Careers Group (SNC) Business to be reorganized as separate publicly listed companies.
 "NIIT surges 14% in two days on board nod for reorganisation of CLG biz")
Bharat Dynamics hits new high, stock up 27% in 3 weeks ahead of Budget
BDL has been working in collaboration with DRDO & foreign Original Equipment Manufacturers (OEMs) for manufacture and supply of various missiles and allied equipment to Indian Armed Forces.
 "Bharat Dynamics hits new high, stock up 27% in 3 weeks ahead of Budget")
