Page 2 - Stock To Watch

ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%

The company attributed the performance to strong and broad-based growth across markets and channels

Axis Bank Q2 net profit rises 70% to Rs 5,329 crore; NII jumps 31%

Not looking to raise capital immediately for Citi deal: MD-CEO

Upbeat housing demand to lift realty stocks despite rate hikes: Analysts

While rising interest rates are expected to hamper affordability among buyers, analysts expect the underlying need for homeownership to remain strong, which would buoy housing sales going ahead

Stock of this fintech company has tanked 70 per cent from its record high

With 28 million shares opening up on November 15, 2022, along with 4 million shares that were already unlocked for AIF / FVCI investors, the float for PB Fintech is expected to go up significantly

BPCL, HPCL hit 52-week lows on concerns of large losses in Q2FY23

Analysts believe that OMCs would see further decline in GRMs in Q2FY23, as cracks correct on a sequential basis and lower oil prices would drive sizable inventory losses

Avenue Supermarts slips 3% to hit 8-week low after margin squeeze in Q2

The management said that the inflationary stress is more acute at lower price points in discretionary non-FMCG categories.

Bajaj Auto gains 2% in a weak mkt after net profit climbs 20% YoY in Q2FY23

The management expects Q3 to be better than Q2 with supply chain visibility being much better

Nykaa hits lowest level since listing; stock slips 53% from record high

With this recent fall, the market price of Nykaa has tanked 53 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021

This auto stock zoomed 54% in 2 weeks on 5 mn warrants issue to Vijay Kedia

Shares of Atul Auto continued its northward movement and surged 12 per cent to hit 52-week high of Rs 289.55 apiece in Friday's intra-day trade

Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days

The stock of pesticides & agrochemicals company surpassed its previous high of Rs 2,178.85, which it had touched on July 20, 2022

Apollo Micro Systems hits over 4-yr high on stable outlook; stock soars 15%

In the past one month, the stock has outperformed market as shares surged 25 per cent, as against 4.4 per cent decline in the S&P BSE Sensex

Stock of this SS pipes producer has zoomed 100% against its issue price

With Wednesday's gain, the stock of Venus Pipes has zoomed nearly 100 per cent against its issue price of Rs 326 per share

Power Mech up 4% in a weak mkt; soars 54% in 1-mnth on strong order book

In the past three months, the stock soared 133 per cent, as against 7 per cent rise in the Sensex.

This SME consumer electronics stock zoomed 1078% against its issue price

Shares of CWD hit a new high of Rs 2,121, up 5 per cent on the BSE and zoomed over 1,000 per cent against its issue price of Rs 180 per share.

This PSU stock outperformed market, surged 40% in five trading days

In the past three months, the market price of MDL more-than-doubled or zoomed 136 per cent, as against 9 per cent rise in the S&P BSE Sensex.

Praj Industries hits record high on strong order inflow hopes; stock up 9%

Analysts believe that the company sounded positive about the strong order inflows in the coming quarters, given government's target to achieve 20 per cent ethanol blending by 2025 (EBP-20)

Godrej Consumer slips 7% post September quarter business update

The company expects their EBITDA to decline in mid-teens in the September quarter of FY23, due to consumption of high-cost inventory, high marketing spends and weak Indonesia performance

Zee Entertainment gains 6% after CCI's conditional nod for merger with Sony

Analysts believe that the approval paves way for the consummation of the merger by Q4 of this fiscal year.

Liberty Shoes hits multi-yr high on strong outlook; stock up 104% in 1-mnth

Going ahead, the company aims to grow by 30 per cent in the year 2022-23 and is confident enough to achieve the highest ever top line and Profit before tax (PBT) in the year 2022-23

RITES hits all-time high on healthy outlook; stock climbs 15% in 3 days

The stock of state-owned engineering, designing & construction company traded higher for the third straight day, surging 15 per cent, during the period