Page 3 - Stock To Watch

Bharti Airtel hits record high ahead of 5G services launch; stock soars 6%

Analysts at JPMorgan believe that Bharti Airtel is one of the key beneficiaries of Indian wireless market consolidation.

ITI soars 10% as board plans to mull equity share issue to the government

The company has undertaken many initiatives or projects, in order to boost their turnover and implement the revival plan.

Bharat Gears trades ex-date for 1:2 bonus; stock zooms 20%

The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment

City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%

Analysts expects overall gas demand from the CNG and DPNG sectors to grow at 15.7 per cent CAGR over FY22-27 supported by aggressive expansion in infrastructure.

Aurobindo slips 6% in a week after arm receives EIR from USFDA

In the past six months, Aurobindo has underperformed the market by falling 31 per cent, as compared to a marginal 0.07 per cent decline in the S&P BSE Sensex.

Piramal Enterprises slips 9% to hit 52-week low; stock slumps 11% in 2 days

In the past two days, the stock slipped 11 per cent after the RBI directed M&M Financial Services to immediately cease any recovery or repossession activities via an outsource till further orders.

M&M Financial tanks 14% as RBI bars third-party services for loan recovery

In a circular, the RBI said that the non-banking finance company may continue to carry out recovery or repossession activities, through its own employees.

Saksoft hits all-time high ahead of 1:10 stock split; stock soars 19%

Saksoft has fixed Monday, September 26, 2022 as the 'record date' to ascertain the eligibility of shareholders entitled for sub-division of equity shares.

Cement stocks drop in a weak market; Ambuja, ACC, Nuvoco slide up to 9%

Despite of Wednesday's fall, most of the cement stocks have outperformed markets in the past one month, on consolidation hopes in the cement industry.

Central Bank of India soars 15% as RBI removes lender from PCA framework

The RBI removed public sector lender from the Prompt Corrective Action Framework on complying with parameters like net non-performing assets and capital ratios

Logistics stks price in most positives; no near-term upside seen: Analysts

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

IndusInd Bank gains 2% on strong outlook; stock up 53% in 3 months

Analysts expect that the bank's credit growth and profitability is expected to be strong on account of revived demand in MFI and vehicle finance.

Ceat hits over 4-year high on healthy outlook; stock jumps 60% in 3 months

The company expects the overall tyre industry to perform well due to easing of pandemic-led curbs, pent-up demand from OEMs, and replacement segment.

PVR slips 5% after mega block deals; stock down 17% from 52-week high

According to media report, four investors in movie theatre chain PVR offloaded 7.7% stake in the company via block deals.

Kalyan Jewellers up 12% on heavy vol; tops issue price for the first time

With the industry's formalisation and mandatory hallmarking by the Government, the company said that they are well-poised to capitalise on emerging opportunities and demands in the coming years.

Stock of this specialty chemicals company zoomed over 100% in five weeks

Shares of Jyoti Resins & Adhesives locked in 5 per cent upper circuit for the fifth straight day as they hit a new high of Rs 1,769.70 on the BSE.

Nifty IT index tumbles nearly 4% on growth concerns; Infosys down 5%

On Wednesday, shares of TCS, Infosys, Coforge, Tech Mahindra, Larsen & Toubro Infotech, L&T Technology Services and Mindtree were down in the range of 3 per cent to 5 per cent

Adani Enterprises becomes 4th Group firm to cross Rs 4 trillion market cap

Adani Enterprises will join the benchmark index, the most tracked stocks gauge in the country, from September 30 in place of Shree Cement.

KRBL surges 17% in two days on heavy volumes; stock hits over 3-year high

Last week, the government imposed 20 per cent export duties on various grades of rice like non-basmati, unmilled, semi-milled or totally milled, and husked brown.

ITC scouts alternate structures for hotel biz; stock up 50% so far in 2022

According to reports, ITC Hotels could soon be a separately listed entity, carved out of the parent cigarette-to-branded packaged food conglomerate.