Page 35 - Stock Market Trading
Varroc Engg tanks 9% as firm sells 4-wheeler lighting biz at reduced price
As per the revised terms, the said transaction price was reduced from euro 600 million to euro 520 million.
 "Varroc Engg tanks 9% as firm sells 4-wheeler lighting biz at reduced price")
Titan zooms 6%, nears record high; can hit Rs 2,800, tech charts suggest
Tata Group firm said its witnessed healthy double-digit growth across most businesses with overall sales growing 18 per cent YoY in September quarter.
 "Titan zooms 6%, nears record high; can hit Rs 2,800, tech charts suggest")
Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout
According to the technical analyst from Anand Rathi, Godfreh Phillips can jump to Rs 1,320, while Zydus Wellness can be bought for a target of Rs 1,860.
 "Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout")
Derivatives analyst Nandish Shah recommends bull spread strategy on L&T
The analyst from HDFC Securities recommends buying 1920 Larsen & Toubro October Call and selling 1960 Call of the same series.
 "Derivatives analyst Nandish Shah recommends bull spread strategy on L&T")
Stocks to Watch: Titan, Dabur, Nykaa, HCL Tech, Mahindra Life, Quess Corp
Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.
Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance
Nifty's earnings are in high teens and this premium growth merits higher valuations, says Manish Kumar, CIO of ICICI Prudential Life Insurance.
 "Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance")
Manyavar, Cipla: 11 stocks that could hold ground even if market corrects
Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.
 "Manyavar, Cipla: 11 stocks that could hold ground even if market corrects")
Vinay Rajani of HDFC Securities expects markets to remain bullish for now
Among individual stocks, the technical analyst recommends buying JK Tyre and J.B.Chemicals & Pharma.
 "Vinay Rajani of HDFC Securities expects markets to remain bullish for now")
Gains for big guns: 10 stocks from 5 sectors to stay on Ferris wheel
India's equity markets are on a roller-coaster ride, but brokerages see further upside for stocks that delivered more than 50 per cent returns to investors
 "Gains for big guns: 10 stocks from 5 sectors to stay on Ferris wheel")
General merchandise and apparel growth key for DMart's margin gains
The retailer's revenues in Q2 were lower than estimates
 "General merchandise and apparel growth key for DMart's margin gains")
Credit Suisse's scandals, challenges: Spies, lies, and money laundering
Already wobbling under pressure from a declining stock price, the bank in October saw its credit default swaps surge to the highest level in two decades
 "Credit Suisse's scandals, challenges: Spies, lies, and money laundering")
Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250; banks, metals lead
CLOSING BELL: IndusInd Bank, Bajaj Finance, TCS, HDFC, Bajaj Finserv, Tata Steel, HDFC Bank, Wipro, L&T, Axis Bank, ITC, SBI, and Infosys were the top Sensex gainers
 "Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250; banks, metals lead")
M&M Finance soars 10% as asset quality improves in September quarter
As on September 30, 2022, the company expects its Gross Stage 3 to be around 7 per cent as compared to 8 per cent in Q2FY23 and Gross Stage 2 to be around 10 per cent as against 11.7 per cent.
 "M&M Finance soars 10% as asset quality improves in September quarter")
Easy Trip Planners surges 8% on bonus issue, stock split plan
The board of directors of the company are scheduled to meet on Monday, October 10, 2022, for considering the proposal for issue of bonus shares and/or sub-division/split of shares.
 "Easy Trip Planners surges 8% on bonus issue, stock split plan")
Trading Strategies in Bandhan Bank, Eris Lifesciences by Mehul Kothari
According to the technical analyst from Anand Rathi, Bandhan Bank can be shorted for a price target of Rs 272, while Eris Lifesciences can be bought for a target of Rs 800.
 "Trading Strategies in Bandhan Bank, Eris Lifesciences by Mehul Kothari")
Stocks to Watch: TCS, HDFC, Oil, Tata Steel, KEC, Banks, Coal India
Stocks to Watch Today: TCS is set to win $2 billion deal. Also, shares of oil related companies are likely to be in focus ahead of the OPEC+ meet on likely production cut.
 "Stocks to Watch: TCS, HDFC, Oil, Tata Steel, KEC, Banks, Coal India")
Nykaa soars 11% after board approves 5:1 bonus share
The company has fixed November 03, 2022, as the record date for the purpose of determining shareholders eligible for bonus equity shares.
 "Nykaa soars 11% after board approves 5:1 bonus share")
Chalet Hotels up 6%, hits 52-week high in a weak market on ratings upgrade
The Positive Outlook reflects a consistent recovery in CHL's business operations since 2QFY22, with 1QFY23 revenue and EBITDA exceeding the pre-COVID-19 levels.
 "Chalet Hotels up 6%, hits 52-week high in a weak market on ratings upgrade")
Stricter disclosure norms may trigger DRHP filing rush in next two months
Industry players expect companies to advance their DRHP filings before new rules kick in
 "Stricter disclosure norms may trigger DRHP filing rush in next two months")
Sensex jumps 1,017 pts on RBI's 50-bps hike; Nifty nears 17,100; banks lead
CLOSING BELL: The benchmark indices snapped their seven-day losing streak as the RBI delivered a 50-basis point repo rate hike, and underscored the resilience of the Indian economy in his statement
 "Sensex jumps 1,017 pts on RBI's 50-bps hike; Nifty nears 17,100; banks lead")
