Page 20 - Stock Market Trading
Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz
The BSE had sought clarification from Orient Cement on January 3, 2023, regarding reports stating that Adani Group was in talks to buy promoter stake In the company
 "Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz")
Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan
RBI gave approval to SBI Funds Management Limited (SBIFML) to acquire up to 9.99 per cent of the paid-up equity capital of the Bank through the schemes of SBI Mutual Fund (SBIMF).
 "Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan")
Sensex ends 126 pts higher, Nifty atop 18200; HDFC Life soars 4%, TCS 1%
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent
 "Sensex ends 126 pts higher, Nifty atop 18200; HDFC Life soars 4%, TCS 1%")
Power Finance Corporation surges 5% on heavy volumes; hits over 5-year high
In past six months, the stock has zoomed 51 per cent, as against 8 per cent gain in the S&P BSE Sensex.
 "Power Finance Corporation surges 5% on heavy volumes; hits over 5-year high")
Zomato dips 4% as co-founder, CTO Gunjan Patidar quits company
Gunjan Patidar is the fourth co-founder to exit the company since 2018 and also the fourth top level exit in the company in past two months.
 "Zomato dips 4% as co-founder, CTO Gunjan Patidar quits company")
Mehul Kothari is bullish on Linde India, Saregama; check why
According to the technical analyst from Anand Rathi, Linde India can rally to Rs 3,875; while Saregama can surge to Rs 425.
 "Mehul Kothari is bullish on Linde India, Saregama; check why")
Stocks to Watch: Zomato, IRCTC, Maruti Suzuki, RIL, Birlasoft, M&M Fin, ZEE
Stocks to watch today: Maruti Suzuki India recorded a 16.5 per cent YoY decline in production volume for passenger vehicles in December 2022
 "Stocks to Watch: Zomato, IRCTC, Maruti Suzuki, RIL, Birlasoft, M&M Fin, ZEE")
Sensex gains 327 pts in first session of 2023, Nifty nears 18200; RIL up 1%
Closing Bell: Among sectors, the Nifty metal index was the top performer of the day, which jumped 2.4 per cent after global brokerage Jefferies changed its stance on the sector to 'positive'
 "Sensex gains 327 pts in first session of 2023, Nifty nears 18200; RIL up 1%")
Kalpataru Power, JMC hit 52-week highs on fixing record date for merger
Pursuant to the amalgamation scheme, JMC's shareholders (other than KPTL) will be allotted one share of KPTL against every four shares held by them in JMC.
 "Kalpataru Power, JMC hit 52-week highs on fixing record date for merger")
BF Investment zooms 20% as board to consider delisting plan on January 4
The promoters expressed their intention either individually or collectively, as the case may be, acquire all equity shares that are held by public shareholders.
 "BF Investment zooms 20% as board to consider delisting plan on January 4")
Stocks to Watch: TCS, Tata Motors, Maruti, Coal India, JSW Group, RITES
Stocks to watch today: Tata Motors reported 10 per cent YoY increase in domestic December sales at 72,997 units as against 66,307 units sold last year
 "Stocks to Watch: TCS, Tata Motors, Maruti, Coal India, JSW Group, RITES")
Global headwinds, rate hike concerns to keep investors on guard in 2023
Investors are relieved about the returns this year, which happened despite record FPI outflows and are slightly circumspect about the next year considering the headwinds
 "Global headwinds, rate hike concerns to keep investors on guard in 2023")
Wall Street indices fall, treasury yields rise upon final 2022 trading day
The dollar, a beneficiary of rising US interest rates, was down slightly on Friday but on track for a 2022 gain of 8%, its biggest annual percentage increase since 2015
 "Wall Street indices fall, treasury yields rise upon final 2022 trading day")
Solar Industries hits all-time high, rallies 6% on stable outlook
The Atmanirbhar Bharat Abhiyan of the GoI, which is aimed at curtailing import dependence and increasing the sourcing of indigenous defence products, also presents large growth opportunities.
 "Solar Industries hits all-time high, rallies 6% on stable outlook")
Elin Electronics makes weak debut; lists 2% below issue price
Post listing, the market price of Elin dipped to Rs 235.25, down 5 per cent when compared with its issue price of Rs 247 per share.
 "Elin Electronics makes weak debut; lists 2% below issue price")
Lotus Chocolate hits 5% upper limit as Reliance eyes majority stake
Reliance Consumer Products will acquire 51 per cent controlling stake in Lotus for Rs 74 crore and also make an open offer to acquire additional 26 per cent stake.
 "Lotus Chocolate hits 5% upper limit as Reliance eyes majority stake")
Craftsman Automation soars 9%; hits record high on acquisition of DR Axion
The company and DRAIPL both operate in the auto components space and have strengths in complementary areas. The acquisition will help both entities leverage their strengths and build better synergies.
 "Craftsman Automation soars 9%; hits record high on acquisition of DR Axion")
HG Infra wins NHAI project worth Rs 997 crore; stock surges 8%
The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.
 "HG Infra wins NHAI project worth Rs 997 crore; stock surges 8%")
Metro Brands, Bayer Crop are ready for range breakout, says Mehul Kothari
According to the technical analyst from Anand Rathi, Metro Brands can rally to Rs 910; while Bayer Cropscience can surge to Rs 5,200.
 "Metro Brands, Bayer Crop are ready for range breakout, says Mehul Kothari")
Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma
Stocks to Watch: Elin Electronics to debut today, the stock is likely to list on a quiet note.
 "Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma")