Page 8 - Market Trends
Samvardhana Motherson's SAS acquisition reasonably priced: Analysts
They say it will add 10-15% to firm's revenue and Ebitda, allow product and geographical diversification
 "Samvardhana Motherson's SAS acquisition reasonably priced: Analysts")
Cera Sanitaryware soars 8%, hits new high in weak market on healthy outlook
In past one month, the stock price of Cera has outperformed the market by surging 20 per cent as against an unmoved S&P BSE Sensex.
 "Cera Sanitaryware soars 8%, hits new high in weak market on healthy outlook")
Cipla dips 7% after Pithampur unit receives 8 USFDA observations
The company said it will work closely with the USFDA and is committed to address these comprehensively within stipulated time.
 "Cipla dips 7% after Pithampur unit receives 8 USFDA observations")
NMDC's demerged Chhattisgarh unit hits 5% upper circuit on market debut
A combined, around 7.5 million equity shares had changed hands and there were pending buy orders for 19 million shares on the NSE and BSE till 10:16 AM
 "NMDC's demerged Chhattisgarh unit hits 5% upper circuit on market debut")
PTC Industries hits 10% upper circuit as arm wins Safran Aircraft order
Aerolloy Technologies, a wholly owned subsidiary of the company has received an order from Safran Aircraft Engines, to develop and supply of Titanium cast components for Aircraft Engines
 "PTC Industries hits 10% upper circuit as arm wins Safran Aircraft order")
Stock of this iron & steel products company has zoomed 101% in 6 months
Shares of Surya Roshni hit a 14-month high of Rs 711.35, as they surged 10 per cent on the BSE in Friday's intra-day trade in an otherwise subdued market.
 "Stock of this iron & steel products company has zoomed 101% in 6 months")
Medanta hits highest level since listing; stock surges 13% in 2 days
With past two days surge, the stock currently trades 54 per cent higher against its issue price of Rs 336 per share.
 "Medanta hits highest level since listing; stock surges 13% in 2 days")
Minda Corp, Pricol surge up to 6% amid stake sale buzz
Pricol said the promoters have absolutely no intent of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form.
 "Minda Corp, Pricol surge up to 6% amid stake sale buzz")
Sensex, Nifty end flat amid late sell-off; IT, broader indices hold gains
CLOSING BELL: The BSE Sensex hit a fresh calendear year high at 61,682, before forfeiting most gains at close. Midcap, Smallcap indices gained nearly a per cent Thursday.
 "Sensex, Nifty end flat amid late sell-off; IT, broader indices hold gains")
PI Industries extends rally, soars 12% in two days on better growth outlook
The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns.
 "PI Industries extends rally, soars 12% in two days on better growth outlook")
Here's why Ravi Nathani is bullish on realty, pharma shares over near-term
According to the technical analyst, charts suggest bullish trend for Nifty Pharma, Nifty Realty, and Nifty Media indices
 "Here's why Ravi Nathani is bullish on realty, pharma shares over near-term")
Mutual fund ownership of Adani group stocks is not very high: Equirus
Primary markets will take few months to recover, says Ashutosh Tiwari of Equirus. Investors, he said, are now only interested in businesses which have better historical growth and cash flow profile.
 "Mutual fund ownership of Adani group stocks is not very high: Equirus")
Finolex Cables hits over 4-yr high; stock up 15% in a week post strong Q3
Finolex Cables said that the Union budget 2023 direct benefits to various segment of the company
 "Finolex Cables hits over 4-yr high; stock up 15% in a week post strong Q3")
Nestle's Q4 revenues may rise up to 17% YoY, agri-inflation to dent margins
Nestle India Q4 preview: In the October-December quarter, shares of Nestle rose 2.4 per cent, while peers like Hindustan Unilever dropped 5 per cent, and Britannia gained 12 per cent
 "Nestle's Q4 revenues may rise up to 17% YoY, agri-inflation to dent margins")
Here's why Ravi Nathani is bearish on Nifty Auto index in the near-term
According to technical analyst, since the MACD has turned negative, and Parabolic Stop and Reversal has turned bearish, it is advised for traders to adopt sell-on-rise strategy for Nifty Auto index
 "Here's why Ravi Nathani is bearish on Nifty Auto index in the near-term")
Stocks to watch: Eicher Motors, Voda Idea, Siemens, Bharat Forge, ONGC
Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore
Stocks to watch: Adani Enterprises, ONGC, Nykaa, IRB Infra, Castrol India
Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results
 "Stocks to watch: Adani Enterprises, ONGC, Nykaa, IRB Infra, Castrol India")
Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall
CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.
 "Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall")
Glenmark Pharma jumps 5% post December quarter earnings
The company reported a 21 per cent surge in Q3 consolidated net at Rs 291 crore.
 "Glenmark Pharma jumps 5% post December quarter earnings")
Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts
With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys
 "Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts")
