Page 69 - Market Trends
Aurobindo Pharma down 5% on USFDA warning letter for Hyderabad unit
The company believes that this will not impact the existing business from this facility.
 "Aurobindo Pharma down 5% on USFDA warning letter for Hyderabad unit")
Motherson Sumi trades for ex-domestic wiring harness biz, stock falls 9%
MSSL has fixed January 17, 2022 as record date for determining shareholders for allocation of additional shares of DWH business in the entitlement ratio of 1:1.
 "Motherson Sumi trades for ex-domestic wiring harness biz, stock falls 9%")
Dilip Buildcon hits 52-week low, stock slumps 30% in 5 weeks
In the past three months, the stock has declined 43 per cent on weak executions in the July-September quarter (Q2FY22).
 "Dilip Buildcon hits 52-week low, stock slumps 30% in 5 weeks")
HDFC Bank Q3: Analysts see up to 17% YoY jump in profit; NIM may contract
Overall, analysts expect NIMs to be around 4.11-4.20 per cent. In Q3FY21, NIM was 4.2 per cent, and it was 4.10 per cent in Q2FY22.
 "HDFC Bank Q3: Analysts see up to 17% YoY jump in profit; NIM may contract")
Mindtree dips 6% on profit booking post December quarter results
As the key positives are already captured, brokerage firm Motilal Oswal Financial Services sees limited upside for the stock hereafter.
 "Mindtree dips 6% on profit booking post December quarter results")
HCL Tech Q3: Analysts see up to 6% QoQ growth in profit; margins may expand
The median forecast of seven brokerages pegs growth in HCL Tech's Q3 consolidated net profit at 3.4 per cent on a quarter-on-quarter (QoQ) basis, at around Rs 3,350-3,400 crore.
 "HCL Tech Q3: Analysts see up to 6% QoQ growth in profit; margins may expand")
Sun Pharma gains 4% on earnings optimism, stock scales a 5-year high
The better traction in the specialty segment and improvement in domestic business to drive the margin expansion in Q3.
 "Sun Pharma gains 4% on earnings optimism, stock scales a 5-year high")
Larsen & Toubro hits new all-time high on winning 2 mega offshore contracts
A consortium led by L&T Hydrocarbon Engineering has secured mega contracts for two offshore packages from a prestigious overseas client.
 "Larsen & Toubro hits new all-time high on winning 2 mega offshore contracts")
Wipro slips 5% as Q3 earnings fail to meet market expecatations
IT services EBIT margin declined 60 bps QoQ to 17.1 per cent vs. 17.7 per cent last quarter.
 "Wipro slips 5% as Q3 earnings fail to meet market expecatations")
Adani Green rallies to a new high, up 16% in 2 days on robust Q3 sales
The stock of the renewable energy arm of the diversified Adani Group quoted higher for the ninth straight trading session, and has gained 27 per cent during the same period.
 "Adani Green rallies to a new high, up 16% in 2 days on robust Q3 sales")
Steel Exchange India up 5% on FPI buying, stock price doubles in one month
On Tuesday, January 11, 2022, Societe Generale acquired 500,000 equity shares representing 0.57 per cent stake in SEIL at Rs 226.02 per share via bulk deal on the NSE.
 "Steel Exchange India up 5% on FPI buying, stock price doubles in one month")
DLF gains 4% on reporting sales worth Rs 1,500 cr from its new project
DLF said it has clocked sales worth approximately Rs 1500 crore for towers in the first phase of the newly launched luxury residential project, ONE Midtown in West Delhi
 "DLF gains 4% on reporting sales worth Rs 1,500 cr from its new project")
TTML hits 5% lower circuit as telco opts for equity conversion on govt dues
The average price of the company's shares as per the calculation method provided in the DoT Communication works out to be around Rs 41.50 per share, subject to final confirmation by the DoT.
 "TTML hits 5% lower circuit as telco opts for equity conversion on govt dues")
TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts
The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.
 "TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts")
Hinduja Global Solutions to consider share buyback, stock gains 5%
After having announced a 1:1 bonus issue, the company's board will now meet on January 14 to consider and explore potential mergers & acquisition opportunities, and quantum/ timings for share buyback.
 "Hinduja Global Solutions to consider share buyback, stock gains 5%")
JBM Auto freezes at upper limit, hits new high; stock up 123% in two months
The company has aquired 51% stake in JBM Green Energy Systems and JBM EV Industries through its subsidiary JBM Electric Vehicles.
 "JBM Auto freezes at upper limit, hits new high; stock up 123% in two months")
Shares of this agricultural products company has zoomed 213% in two months
GRM Overseas was locked at the 5 per cent upper circuit at Rs 815.55, also its new high in trades on Monday.
Greaves Cotton soars 11%, hits all-time high; stock up 40% so far in Jan
The stock has been in demand after the company's arm Greaves Electric Mobility reported strong sales for December 2021
 "Greaves Cotton soars 11%, hits all-time high; stock up 40% so far in Jan")
Vaishali Parekh of Prabhudas recommends buying Concor, Jubilant Food
Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher
 "Vaishali Parekh of Prabhudas recommends buying Concor, Jubilant Food")
TTML breaks into top-100 most valued firms list, m-cap crosses Rs 50k-mark
The stock hit a new high of Rs 264, and was locked at the 5 per cent upper limit. It has zoomed whopping 14,567 per cent from levels of Rs 1.80 in March 2020.
 "TTML breaks into top-100 most valued firms list, m-cap crosses Rs 50k-mark")
