Page 67 - Market Trends
Larsen & Toubro slips 2% post December quarter results
The company bagged orders worth Rs 50,359 crore during Q3, down 31% YoY, as the previous year had the benefit of the company securing its biggest ever EPC contract for Mumbai Ahmedabad High Speed Rail
 "Larsen & Toubro slips 2% post December quarter results")
Stocks to Watch: L&T, Vedanta, NTPC, MCX, Dr.Reddy's, CBI, AU SFB, Textiles
BPCL, DLF, Dwarikesh Sugar, Exide, GIC Housing, HDIL, HPCL, IOC, Jindal Saw, KEC Intl, KPIT Tech, Krsnaa Diagnostics, SCI, Sun Pharma, Suven Life, Tata Motors and UCO Bank in focus ahead of Q3 results
 "Stocks to Watch: L&T, Vedanta, NTPC, MCX, Dr.Reddy's, CBI, AU SFB, Textiles")
TVS Motor skids 7% on acquisition of Switzerland's e-bike player SEMG
This acquisition furthers TVS Motor's commitment towards e-personal mobility products, the company said.
 "TVS Motor skids 7% on acquisition of Switzerland's e-bike player SEMG")
ONGC soars to a 32-month high, up 5% on improved outlook
Higher oil realisations and modest production would spur up ONGC's earnings before interest tax and depreciation and amortization (EBITDA) by 1.8x in the October-December quarter.
 "ONGC soars to a 32-month high, up 5% on improved outlook")
MapmyIndia slips 11%, hits record low post December quarter results
The company's consolidated net profit declined 14 per cent YoY to Rs 18.52 crore in Q3FY22.
 "MapmyIndia slips 11%, hits record low post December quarter results")
Aviation stocks under pressure; IndiGo down 7%, SpiceJet hits 52-week low
These companies have significant exposure to price movement of Aviation Turbine Fuel (ATF) which is a derivative of crude oil.
 "Aviation stocks under pressure; IndiGo down 7%, SpiceJet hits 52-week low")
Sebi order impact: Lux Industries tanks 29% in two trading sessions
The stock of Kolkata-based hosiery maker quoted lower for the sixth straight day, and was down 35 per cent during the period.
 "Sebi order impact: Lux Industries tanks 29% in two trading sessions")
Torrent Pharma tumbles 14% on disappointing Q3 results
In Q3FY22, earnings before interest tax and depreciation and amortization (EBITDA) margins declined 490 bps YoY to 25.5 per cent driven by price erosion in the US.
 "Torrent Pharma tumbles 14% on disappointing Q3 results")
Can you make a fortune in Adani Wilmar IPO? What brokerages say
The IPO in the price band of Rs 218 to Rs 230 per share will be open for subscription from January 27 to January 31.
 "Can you make a fortune in Adani Wilmar IPO? What brokerages say")
Stocks to Watch: Axis Bank, Brightcom, Cipla, Federal Bank, Pidilite, IT
BHEL, Birlasoft, Canara Bank, Fino Payments Banks, LIC Housing Finance, MayMyIndia, McDowell Holdings, PNB, RBL Bank and Wockhardt to announce results today.
 "Stocks to Watch: Axis Bank, Brightcom, Cipla, Federal Bank, Pidilite, IT")
Bharti Airtel gains 4% on on plans to raise fund via preferential issue
The company's board will meet on January 28, to consider raising funds via a preferential share issue to investors other than its promoter group.
 "Bharti Airtel gains 4% on on plans to raise fund via preferential issue")
Reliance Industries slips 7% in two days, loses over Rs 1-trn in market cap
Meanwhile, the company has issued a clarification on loan of Rs 750 crore granted to Shapoorji Pallonji Company by its arm Reliance Ventures Limited
 "Reliance Industries slips 7% in two days, loses over Rs 1-trn in market cap")
IndiaMART InterMESH tanks 10%, stock hit fresh 52-week low post Q3 results
The company also announced its participation in the Series B Investment Round of Simply Vyapar Apps Private Limited ('Vyapar'), of Rs 217.6 crore.
 "IndiaMART InterMESH tanks 10%, stock hit fresh 52-week low post Q3 results")
BSE IPO index plunges 8% as Zomato, Nykaa, MapMyIndia tank up to 20%
Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.
 "BSE IPO index plunges 8% as Zomato, Nykaa, MapMyIndia tank up to 20%")
Sharda Cropchem soars to a record high, up 20% on robust Q3 earnings
EBITDA margin expanded by 220 bps YoY to 22.8 per cent in Q3FY22 driven by economies of scale, effective cost management marginally settled off by higher freight cost.
 "Sharda Cropchem soars to a record high, up 20% on robust Q3 earnings")
Nykaa registers new low, slumps 11% on heavy volume
The stock price of Nykaa has declined 30% from its record high of Rs 2,574 touched on November 26, 2021.
 "Nykaa registers new low, slumps 11% on heavy volume")
Vodafone Idea dips 5% as loss widens in Q3; stock down 33% from 52-wk high
While government relief (option of conversion of dues into equity) ensures the survival, the company needs to raise capital as early as possible to stay competitive, ICICI Securities said.
 "Vodafone Idea dips 5% as loss widens in Q3; stock down 33% from 52-wk high")
Shoppers Stop surges 18%, hits 52-week high on strong Q3 earnings
Encouraged by the strong rebound, the company expects an accelerated growth trajectory now, driven by a robust recovery from the lockdown blues.
 "Shoppers Stop surges 18%, hits 52-week high on strong Q3 earnings")
Zomato slips 5%, nears record low; market cap falls below Rs 1-trn mark
The stock has declined 11% in the last four trading sessions, and now trades closer to its record registered on its debut day, July 23, 2021.
 "Zomato slips 5%, nears record low; market cap falls below Rs 1-trn mark")
Pricol extends gain, at new high after Aditya Birla Sun Life MF buys stake
On Wednesday, January 19, Aditya Birla Sun Life Mutual Fund Pure Value Fund purchased 1 million equity shares representing 0.82 per cent stake of Pricol at Rs 126.50 per share via bulk deal on the NSE
 "Pricol extends gain, at new high after Aditya Birla Sun Life MF buys stake")
