Page 68 - Market Trends

Derivative analyst Nandish Shah advises a Bull spread strategy on BANKNIFTY

The derivative analyst from HDFC Securities recommends buying January 38,000 Call and selling 38,500 Call of the Bank Nifty based on the following four rationales.

SBI Cards hits 52-week low, stock down 26% from its 52-week high

The stock hit a 52-week low at Rs 858.45, quoting lower for the fourth straight day on the BSE.

Mastek tumbles 15% on muted numbers for the December quarter

Despite a 25% correction from its 52-week high level, Mastek has outperformed the market in the past one year by surging 147 per cent, as against a 20 per cent rise in the Sensex.

This Ashish Dhawan-owned stock has zoomed 50% in four days

Share of HSIL hit a new high of Rs 350.20, zooming 50 per cent in four days on the BSE after the company announced divesting its building products division for Rs 630 crore.

PTC India Financial slumps 19% on resignation of 3 independent directors

Three independent directors of the NBFC have resigned from the board with immediate effect citing instances of alleged serious lapses in corporate governance and compliance.

Ceat skids 7%, hits 52-week low on Q3 loss; tyre stocks on slippery ground

The management said the company is witnessing muted demand in the replacement segment due to tepid consumer sentiment, higher fuel prices and a softer uptick in India's rural markets.

Adani Green zooms 50% in 14 trading days, market cap crosses Rs 3-trn mark

In the past seven trading sessions, the stock has rallied 36 per cent after the company announced a provisional operational update for Q3

Triveni Engineering soars 6%, hits new high on healthy business outlook

The company's grain-based distillery of 60 KLPD is expected to commence its operations in Q4FY22, which is likely to strengthen its operational profile and improve revenue diversification.

TV18 Broadcast surges 12% on clocking highest-ever operating Ebitda in Q3

TV industry saw an all-time high advertising volumes in the third quarter driven by strong consumer demand, increased spending by existing brands for a higher share of voice.

Bajaj Finance gains 4%, hits record high on strong December quarter results

The NBFC reported a strong 85 per cent YoY jump in consolidated net profit at Rs 2,125 crore, beating Street estimates.

Stocks to Watch: Bajaj Auto, RIL, Just Dial, Bajaj Fin, Tata Motors, Telcos

Aptech, Bajaj Auto, Ceat, JSW Energy, L&T Infotech, Mastek, Oracle Financial Services, Rallis India, Saregama and Tata Communications to announce December quarter results on Wednesday

UltraTech Cement dips 3% on weak operational performance in Q3

The company is hopeful that cost inflation has peaked out and, with demand picking up, all of this should bolster volume growth and lead to margin rebound Q4 onwards.

Tech Mahindra on slippery ground post acquisition of European IT firm CTC

The company announced acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore).

Indraprastha Gas hits 52-week low, stock down 25% from its 52-week high

The Delhi government on Saturday notified a draft "aggregator's policy" under which ride aggregators and delivery services will have to mandatorily adopt EVs while procuring new fleet.

Prestige Estates surges 8%, hits life-time high on record Q3 sales

The company registered highest ever quarterly sales of Rs 4,267 crore, up 111 per cent year on year (YoY) during October-December quarter (Q3FY22).

TCS hits all-time high, up 2%; market cap nears Rs 15-trillion mark

The current market cap of TCS stood around Rs 14.93 trillion on the BSE, as of 10:56 am, the exchange data showed.

Hero MotoCorp rallies 5% on Rs 420 crore investment in Ather Energy

Hero MotoCorp is gearing up to unveil its first electric vehicle (EV) in March this year.

HCL Technologies tanks 7% on margin disappointment in December quarter

EBIT margins for services (IT services+ ER&D) were down 190 bps on a QoQ basis.

Vaishali Parekh of Prabhudas recommends buying Escorts, Tata Consumer

Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher

Stocks to Watch: HDFC Bank, Brightcom, HFCL, Metro Brands, REC, Airlines

HDFC Bank and HCL Technologies are likely to react to Q3 numbers this morning. While the former reported 18 per cent YoY growth in net, the latter too beat Street expectations.