Page 10 - Markets Sensex Nifty

Shyam Metalics up 9%; forays into stainless steel biz with Mittal Corp buy

On Tuesday, SMEL announced their third acquisition of Mittal Corp with a foray into the stainless steel (SS) / wire rod & bar mill business.

LIC hits over 6-month high; stock gains 10% in two days

In past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the S&P BSE Sensex.

Nykaa hits new all-time low amid slew of block deals in past one month

In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.

Speciality Restaurants surges 14%, nears 52-week high on fund raising plan

The company's board will meet on Wednesday, December 21, 2022, to consider and evaluate proposals for raising of funds by way of issue of equity shares or any other eligible convertible securities.

GIC Re, New India Assurance extend rally; surge up to 40% in one month

On Monday, shares of General Insurance Corporation hit a fresh 52-week high at Rs 182.65, up 10 per cent; New India Assurance rallied 8 per cent.

Street signs: Mean revision in TaMo DVR, GMPs for Elin & KFin, and more

Since November, shares of Tata Motors have remained flat, while the DVR has crashed 14 per cent. The grey market premiums (GMPs) for the two IPOs that open this week are mixed

IRCTC stock is still richly valued despite fall since news of OFS

While business prospects remain unchanged, one-year average target price of analysts is Rs 600

Sensex can drop to 58,000, Nifty 17,700 if these supports are violated

Presently, the BSE Sensex and Nifty 50 have breached their respecitve 21-SMAs, the following support levels need to be honoured in order to sustain a positive bias.

Stock price of these two PSU banks have zoomed around 150% in last 22 days

In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.

Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands

WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.

SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs

In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.

Macrotech Developers below QIP price after 7% fall today; down 25% in 1 yr

Macrotech Developers' promoters have raised Rs 3,547 crore by selling shares around 7.2% of the company's equity share capital to institutional investors at the offer price of Rs 1,026 per share

Dharmaj Crop slips 11% in three days; falls below issue price of Rs 237

The stock had recently made a decent debut, with its shares listed at Rs 266 - a 12 per cent premium to its issue price.

Dalmia Bharat dips 5% a day after inking deal to buy Jaiprakash's biz units

Meanwhile, Jaiprakash Associates dipped 8 per cent to Rs 10.81, falling 13 per cent from its intra-day high, and Jaiprakash Power Ventures declined 5 per cent to Rs 7.90 on the BSE.

Stock of this PSU bank has nearly doubled in just nine trading sessions

Punjab & Sind Bank trading higher for the fourth straight day, surging 42 per cent during the period, and quoted at its highest level since February 2018.

KEC International soars 7% on securing new orders worth of Rs 1,349 crore

Analyst at Reliance Securities said, considering strong revenue visibility backed by healthy order book, earnings momentum with higher margin from Q4FY23 onwards and likely improvement in return ratio

Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo

The company said it is expecting additional revenue of nearly Rs 60 crore per annum with gross margins of about 26 per cent from the new capacity

Uniparts India makes weak debut; sheds 7% against issue price post listing

Post listing, the stock of industrial products company slipped to Rs 538, a 7 per cent discount to its issue price on the NSE.

Paytm surges 7% on share buyback plan; board to meet on Dec 13

The company in a release to the exchanges said that the management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial to the shareholders.

IT stocks tumble as Credit Suisse warns of valuation-led correction

Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top