Page 74 - Market Trends
IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week
IFCI's ratings outlook will change to stable if the company's strategic importance to the GoI increases significantly along with the infusion of sizeable capital, ICRA said in its report
 "IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week")
Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days
With the current rally, the market value of VIL has zoomed 235 per cent from its 52-week low of Rs 4.55 touched on August 5, 2021
 "Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days")
JBM Auto at new high ahead of board meet for stock split, up 87% in 1 month
The board of directors of the company is scheduled to meet on Wednesday, December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each
 "JBM Auto at new high ahead of board meet for stock split, up 87% in 1 month")
Eris Lifesciences soars 10% on JV with MJ Biopharm to enter insulin segment
The purpose of entering into the agreement is expansion of product portfolio to offer biotherapeutic options to the patients in cardio-metabolic segment, Eris said in statement
 "Eris Lifesciences soars 10% on JV with MJ Biopharm to enter insulin segment")
Stocks to Watch: Hero MotoCorp, Aurobindo, Neogen, SPARC, telecom shares
Telecom shares may be in demand on credit of bank guarantee to the telcos
 "Stocks to Watch: Hero MotoCorp, Aurobindo, Neogen, SPARC, telecom shares")
Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week
According to report, the Department of Telecommunications (DoT) has started releasing bank guarantees (BGs) issued by Bharti Airtel and Vodafone Idea.
 "Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week")
This telecom stock has hit the upper circuit for 14th straight trading day
The Tata Group telecom services stock hit a new high of Rs 129.45, has been nearly doubled or up 97 per cent from level of Rs 65.70 on November 12, 2021
 "This telecom stock has hit the upper circuit for 14th straight trading day")
This specialty chemicals maker has gained 150% in 6 months, up 10% today
GFL has forayed into new age business - chemicals & fluoropolymers for electric vehicles (EVs) - batteries, solar panels & hydrogen fuel cells
 "This specialty chemicals maker has gained 150% in 6 months, up 10% today")
Indian Energy Exchange turns ex-bonus in 2:1 ratio, stock surges 10%
The company has fixed Monday, December 06, 2021 as the "record date", for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the Company.
 "Indian Energy Exchange turns ex-bonus in 2:1 ratio, stock surges 10%")
Turning ex-bonus: Apollo Pipes zooms 17%
The stock of Apollo Pipes hit a record high of Rs 680.05 (adjusted to bonus share) and rallied 17 per cent in intra-day trades today.
 "Turning ex-bonus: Apollo Pipes zooms 17%")
This PSU stock has zoomed 111% thus far in 2021, up 31% in the last 6 days
Brickwork Ratings said it will continue to monitor the strategic disinvestment process of BEML and take appropriate rating action as and when necessary
 "This PSU stock has zoomed 111% thus far in 2021, up 31% in the last 6 days")
Vodafone Idea surges 21% in two days, stock nears 52-week high
In the past two weeks, the stock has surged 34 per cent after the telecom service provider increased its prepaid tariff by 20-25 per cent from November 25, 2021
PowerGrid hits record high, gains 4%; stock has rallied 18% in last 3 weeks
PowerGrid has a robust project pipeline worth Rs 27,500 crore and has capitalised around Rs 22,932 crore in the last four quarters, which provides earnings visibility for 2-3 years
 "PowerGrid hits record high, gains 4%; stock has rallied 18% in last 3 weeks")
Go Fashion gains another 4% after stellar debut as FPIs purchase stake
On November 30, 2021, Nomura India Investment Fund Mother Fund and Nomura Funds Ireland have collectively purchased 1 million shares of Go Fashion at price of Rs 1,277.97 per share
 "Go Fashion gains another 4% after stellar debut as FPIs purchase stake")
IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE
According to a report, Hindujas are considering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks
 "IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE")
KEI Industries at record high, up 6%, stock has surged 25% in one month
House wires and stainless steel wires saw strong demand, which should continue in October-March period (H2FY22) as well, analysts
 "KEI Industries at record high, up 6%, stock has surged 25% in one month")
IOL Chemicals hits fresh 52-week low, stock down 50% from life-time high
For H1FY22, the company's profit after tax declined 62 per cent year on year to Rs 97.80, due to higher operational cost.
 "IOL Chemicals hits fresh 52-week low, stock down 50% from life-time high")
This stock has tumbled 14% on being transferred to rolling settlement
The stock of pharmaceutical company was quoting lower for fourth straight day, falling 26 per cent during the period on profit booking.
 "This stock has tumbled 14% on being transferred to rolling settlement")
Go Fashion makes stellar debut, stock lists at 91% premium to issue price
Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE
 "Go Fashion makes stellar debut, stock lists at 91% premium to issue price")
Tarsons Products makes a decent debut, lists at 6% premium to issue price
Post listing, the stock rallied by up to Rs 808, a 22 per cent premium to issue price of Rs 662 on the BSE
 "Tarsons Products makes a decent debut, lists at 6% premium to issue price")
