Page 13 - Markets
Trading strategies for Bata India and Alembic Pharma by Mehul Kothari
BATA INDIA has been correcting from 1,950 without any meaningful bounce
 "Trading strategies for Bata India and Alembic Pharma by Mehul Kothari")
Shipping Corporation soars 10% on govt's approval to demerger plan
The Ministry of Corporate Affairs has approved the revised demerger plan of Shipping Corporation of India, wherein Rs 1,000 crore will be transferred to the non-core assets
 "Shipping Corporation soars 10% on govt's approval to demerger plan")
Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution
The NCLT decision to begin bankruptcy proceedings has overshadowed Zee Entertainment's merger with Culver Max Entertainment (Sony)
 "Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution")
HG Infra rises 4% on Rs 535 cr-order win from RVNL; stock up 30% in 3 mths
As per analysts at Centrum Broking, the stock of HG Infra has headroom to re-rate as the company is continuing to deliver on growth and monetisation targets
 "HG Infra rises 4% on Rs 535 cr-order win from RVNL; stock up 30% in 3 mths")
Sandur Manganese zooms 11% on approval to increase production
Sandur Manganese plans to start the operations at enhanced level of production from the next financial year
 "Sandur Manganese zooms 11% on approval to increase production")
Exchanges reclassify Sameer Gehlaut's stake as 'public'; stock falls 5%
With the re-classification, the promoter shareholding in the company has been reduced to nil from 9.6 per cent
 "Exchanges reclassify Sameer Gehlaut's stake as 'public'; stock falls 5%")
TMS Ep375: Wheat crop, Air India, rice exporters' shares, political symbols
Is India's wheat crop under threat? Can Air India wrest market share from Gulf airlines? Will the rally in shares of rice exporters sustain? How does the Election Commission allot party symbols?
 "TMS Ep375: Wheat crop, Air India, rice exporters' shares, political symbols")
Treasury Bill yields soar over tighter liquidity, inflation worries
Yield curve flattens; T-bill, 10-year bond spread now at 16 bps versus 222 bps a year ago
 "Treasury Bill yields soar over tighter liquidity, inflation worries")
Sensex sees worst day in two months on US Fed interest rate fears
Investors were also nervous ahead of the release of the minutes of the Federal Open Market Committee's meeting later Wednesday
 "Sensex sees worst day in two months on US Fed interest rate fears")
No respite for Adani Group firms from market carnage, loses over $140 bn
The total market cap of the group has now been reduced to just Rs 7.6 trillion, down from more than Rs 20 trillion at the start of the year
 "No respite for Adani Group firms from market carnage, loses over $140 bn")
Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts
Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead
 "Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts")
Adani group shares extend fall; Adani Total Gas tanks 79% in one month
Adani Power (Rs 162.60), Adani Transmission (Rs 788.75), Adani Total Gas (Rs 834.95), Adani Green Energy (Rs 539.30) and Adani Wilmar (Rs 390.35) were locked at 5 per cent lower circuit today
 "Adani group shares extend fall; Adani Total Gas tanks 79% in one month")
Triveni Turbine rises 2% to hit new high in weak market on strong outlook
During Q3FY23, Triveni Turbine's order booking reached a new high of Rs 420 crore, leading to a total order booking of Rs 1,139 crore during 9MFY23, up 26.5 per cent YoY
 "Triveni Turbine rises 2% to hit new high in weak market on strong outlook")
Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc
Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile
 "Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc")
TMS Ep374: Bike taxi ban, METRO Cash & Carry, markets, EPFO's new scheme
Why are states opposed to bike taxis? Will METRO Cash & Carry get scale under RIL? Where to invest in this range-bound market? What are the changes in EPFO's pension scheme? All answers here
 "TMS Ep374: Bike taxi ban, METRO Cash & Carry, markets, EPFO's new scheme")
Practice of permanent board seats at listed companies likely to end
Regulator also proposes stricter norms for binding agreements, special rights and slump sales
 "Practice of permanent board seats at listed companies likely to end")
With peak summer season ahead, Voltas may see volumes and margin gains
Q3 was disappointing on account of one-offs, margins pressures
 "With peak summer season ahead, Voltas may see volumes and margin gains")
Pantomath buys 37.2% in broking firm Asit C Mehta through subsidiary
Deal struck at Rs 151.4 a share, makes Pantomath arm Cliqtrade Stockbrokers a co-promoter
 "Pantomath buys 37.2% in broking firm Asit C Mehta through subsidiary")
Sensex, Nifty end lower in choppy trade, extend losses for third day
The NSE Nifty slipped 17.90 points or 0.1 per cent to end at 17,826.70 with 30 of its scrips ending in the red
 "Sensex, Nifty end lower in choppy trade, extend losses for third day")
Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO
Joyalukkas, which focuses mainly on Southern India, is the latest to delay or pull its IPO plans amid market volatility and stubbornly high inflation
 "Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO")