Stock To Watch
Bharat Dynamics soars 11% after it signs 10 MoUs at Aero India 2023
The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India - 2023
 "Bharat Dynamics soars 11% after it signs 10 MoUs at Aero India 2023")
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")
IndusInd Bank slips 5% in a weak market despite strong Q3 update
While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per cent
 "IndusInd Bank slips 5% in a weak market despite strong Q3 update")
Radiant Cash makes a decent debut, lists at 10% premium to its issue price
Post listing, the stock moved higher to Rs 110, 17 per cent higher over its issue price of Rs 94 per share on the NSE
 "Radiant Cash makes a decent debut, lists at 10% premium to its issue price")
Stock of this specialty chemicals company has zoomed over 100% in 10 days
Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
 "Stock of this specialty chemicals company has zoomed over 100% in 10 days")
Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days
With this recent gain, the stock quoted 41 per cent higher against its issue price of Rs 87 per share
 "Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days")
Zomato soars 13% on heavy volume as net loss narrows to Rs 251 cr in Q2
The company's revenue, too, increased 62.2 per cent year-on-year (YoY) to Rs 1,661 crore in Q2FY23 as against Rs 1,024 crore in Q2FY22
 "Zomato soars 13% on heavy volume as net loss narrows to Rs 251 cr in Q2")
Neuland Labs hits 20% upper circuit after solid Q2; stock at 10-month high
The company reported a record EBITDA margin of 23.6 per cent, led by shift in business mix towards higher margin products as well as various cost optimization initiatives.
 "Neuland Labs hits 20% upper circuit after solid Q2; stock at 10-month high")
Marico slips 7% after profit drops 3% YoY to Rs 307 crore in Q2FY23
The personal products maker said that the decline in profit was mainly due to losses in translation of foreign currency receivables and higher effective tax rate (ETR)
 "Marico slips 7% after profit drops 3% YoY to Rs 307 crore in Q2FY23")
Sensex recoups 350pts from day's low, ends flat; Nifty holds 18K; SBI up 2%
CLOSING BELL: IT, Power stocks logged significant losses, even as select financial stocks gained.
 "Sensex recoups 350pts from day's low, ends flat; Nifty holds 18K; SBI up 2%")
SBI gains 2% to hit a new high ahead of Q2FY23 results
The stock of state-owned lender surpassed its previous high of Rs 586.1, which it had touched on October 25, 2022
 "SBI gains 2% to hit a new high ahead of Q2FY23 results")
Stock of this IT enabled services company has zoomed 73% in 11 trading days
Shares of Axiscades Technologies continued their northward movement as they froze 10 per cent upper circuit at Rs 282.95 per share in Wednesday's intra-day trade
 "Stock of this IT enabled services company has zoomed 73% in 11 trading days")
Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23
The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22
 "Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23")
Maruti Suzuki surges 8% in 2 days; stock nears record high on strong Q2FY23
The stock of automobiles major traded close to its record high level of Rs 10,000, which it had touched on December 20, 2017
 "Maruti Suzuki surges 8% in 2 days; stock nears record high on strong Q2FY23")
Tata Chemicals drops 5% on profit booking post solid Q2 results
Analysts believe that prices and demand will remain stable in the near term while increase in energy prices and feedstock (limestone, coke and raw salt) remains a key concern.
 "Tata Chemicals drops 5% on profit booking post solid Q2 results")
Dabur to acquire 51% stake in Badshah Masala; stock rises 4%
The management said that the transaction is expected to be Cash EPS neutral in the first year and accretive thereafter.
 "Dabur to acquire 51% stake in Badshah Masala; stock rises 4%")
NMDC trades ex-date for demerger; stock surges 14% on heavy volumes
NMDC shareholders will be eligible to get one share of NMDC Steel for every equity share held.
 "NMDC trades ex-date for demerger; stock surges 14% on heavy volumes")
Laurus Labs hits 4-month low; stock slips 14% in 3 days post mixed Q2FY23
Despite mixed Q2FY23 performance, brokerages retain their 'buy' rating on Laurus Labs with a target price in the range of Rs 610 and Rs 630 per share.
 "Laurus Labs hits 4-month low; stock slips 14% in 3 days post mixed Q2FY23")
This film production & distribution company stock has zoomed 108% in 8 days
On Tuesday, shares of Tips Films were locked in 10 per cent upper circuit at Rs 630 and has zoomed 108 per cent from level of Rs 303.2, which it had touched on October 13.
Here's why LIC, PB Fintech, Delhivery sunk to all-time lows in a firm mkt
With Friday's decline, the stock price of Delhivery has corrected 46 per cent from its record high level of Rs 708.45, which it had touched on July 21, 2022
 "Here's why LIC, PB Fintech, Delhivery sunk to all-time lows in a firm mkt")
