Page 78 - Market Trends
RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high
The management said the bank is confident of reverting to normalised levels of business, growth and profitability from the current (Q3) quarter itself
 "RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high")
Here's why Osho Krishan recommends HDFC, L&T Technology Services
According to the technical analyst from Anand Rathi, both the stocks are placed well on a risk-reward ratio from a short to medium-term perspective
 "Here's why Osho Krishan recommends HDFC, L&T Technology Services")
Larsen & Toubro gains 4% post Q2 results, strong order book position
The growth is mainly driven by higher profits in the IT&TS portfolio and improved margins from the projects & manufacturing portfolio.
 "Larsen & Toubro gains 4% post Q2 results, strong order book position")
IndusInd Bank surges 6% on steady operational performance in Q2
In Q2FY22, IndusInd Bank's net profit rose by 73 per cent at Rs 1,147 crore on back of steady increase in net interest incomes and fees.
 "IndusInd Bank surges 6% on steady operational performance in Q2")
Stocks to Watch: Bajaj Finserv, NTPC, L&T, Titan, ITC, PNB, IRCTC, SBI Card
Apart from earnings candidates, auto and telecom stocks could be in focus on reports of chip shortage likely to linger for a longer period
 "Stocks to Watch: Bajaj Finserv, NTPC, L&T, Titan, ITC, PNB, IRCTC, SBI Card")
TTK Prestige soars 15% on strong Q2 results; board okays 10:1 stock split
TTK Prestige said the rationale behind the stock split is to facilitate larger shareholder base, to increase the liquidity and to make the shares more affordable to investors
 "TTK Prestige soars 15% on strong Q2 results; board okays 10:1 stock split")
Stocks to Watch: Bajaj Auto, Axis Bank, ITC, Maruti, L&T, SBI Life, Cipla
The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today
 "Stocks to Watch: Bajaj Auto, Axis Bank, ITC, Maruti, L&T, SBI Life, Cipla")
IRB Infra locked at 10% lower circuit on equity dilution concerns
IRB Infra has announced two separate equity fundraise of up to Rs 5,347 crore via preferential issue of equity shares, at Rs 211.79 per share, a 28 per cent discount to Tuesday close
 "IRB Infra locked at 10% lower circuit on equity dilution concerns")
Paint stocks up on price hike reports; Asian, Berger Paints gain up to 6%
Paint companies Asian Paints and Berger Paints have taken high-single-digit price increases across their portfolio in a move to offset the rising inputs costs, indicate reports
 "Paint stocks up on price hike reports; Asian, Berger Paints gain up to 6%")
Axis Bank dips 4% on profit booking post September quarter results
The bank reported a weak operating performance in the quarter ended September 2021, owing to decline in margin, higher opex and sluggish business growth
 "Axis Bank dips 4% on profit booking post September quarter results")
Ashok Leyland, Biocon look good on charts for a rebound: Ajit Mishra
The technical analyst from Religare Broking also recommends to accumulate United Spirits. Check out the range below
 "Ashok Leyland, Biocon look good on charts for a rebound: Ajit Mishra")
HG Infra soars 15% on Rs 2,297 cr NHAI order win, stock up 205% in 6 months
The company received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the projects worth of Rs 2,297 crore
 "HG Infra soars 15% on Rs 2,297 cr NHAI order win, stock up 205% in 6 months")
TCI Express soars 13% on heavy volumes, hits new high on strong Q2 results
The share price of the logistics firm has rallied 25 per cent after ICRA reaffirmed ratings of the company's commercial paper and a strong Q2FY22 earnings
 "TCI Express soars 13% on heavy volumes, hits new high on strong Q2 results")
Ceat plunges 10%, hits 9-month low post September quarter results
While the steep increase in input costs continued to put pressure on margins, there was a slight increase in debt levels as well, largely on account of higher capex and higher inventory, Ceat said.
 "Ceat plunges 10%, hits 9-month low post September quarter results")
Tech Mahindra at new high, rallies 7% on healthy September quarter numbers
The company maintained its guidance of double-digit organic revenue growth for FY22 and 15 per cent EBIT margin
 "Tech Mahindra at new high, rallies 7% on healthy September quarter numbers")
Tanla Platforms hits second straight 5% upper limit on strong Q2 results
Shares of the country's largest CPaaS provider were trading at record high levels having rallied 36 per cent in the last one month
 "Tanla Platforms hits second straight 5% upper limit on strong Q2 results")
Tatva Chintan soars 17% on robust Q2 nos; stock up 130% from issue price
In Q2FY22, the company's consolidated net profit jumped an over nine-fold to Rs 32.41 crore against Rs 3.56 crore in Q2FY21
 "Tatva Chintan soars 17% on robust Q2 nos; stock up 130% from issue price")
Asian Paints slips 10% in 3-days post Q2 results; stock at 5-month low
With regards to the whistleblower's claim of related party transaction, Asian Paints has clarified the transactions were undertaken in compliance with law and there was no basis for the allegations
 "Asian Paints slips 10% in 3-days post Q2 results; stock at 5-month low")
Vaishali Parekh recommends buying Axis Bank, Hindustan Oil Exploration
The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts
 "Vaishali Parekh recommends buying Axis Bank, Hindustan Oil Exploration")
This stock from Rakesh Jhunjhunwala's portfolio has zoomed 115% in 13 mths
Federal Bank hit a fresh 52-week high at Rs 105.10, and rallied 9 per cent in today trade after reporting a strong set of Q2 numbers
 "This stock from Rakesh Jhunjhunwala's portfolio has zoomed 115% in 13 mths")
