Page 8 - Stock To Watch
Angel One extends fall despite strong April update; stk drops 32% in 4 days
On April 29, 2022, the promoter, Rahul Thakkar sold 41,200 equity shares of Angel One via open market sale.
 "Angel One extends fall despite strong April update; stk drops 32% in 4 days")
LIC IPO: GMP falls 40% in a week; can investors see a listing pop?
Analysts anticipate volatility in the grey market to moderate after the US Federal Reserve (US Fed) clears uncertainty over rate hike in its May meeting
 "LIC IPO: GMP falls 40% in a week; can investors see a listing pop?")
Cosmo Films soars 10% on bonus issue plan
The company's board will meet on Monday, May 9, 2022 to consider the issuance of bonus shares.
 "Cosmo Films soars 10% on bonus issue plan")
City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%
On the cost front, CGD companies are expected to incur high gas sourcing costs as spot liquefied natural gas (LNG) prices continue to remain at elevated levels.
 "City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%")
Maruti Q4 preview: Experts eye 35-40% YoY rise in PAT despite chip shortage
Analysts anticipate revenue growth of 10-11 per cent YoY driven by price hikes taken over the last few quarters, including two rounds of price hikes taken this year to offset input cost rise.
 "Maruti Q4 preview: Experts eye 35-40% YoY rise in PAT despite chip shortage")
Hindustan Unilever gains 4% post strong March quarter results
In Q4FY22, the country's largest FMCG major saw net profit climb by 5.4 per cent year-on-year (YoY) to Rs 2,304 crore, compared to Rs 2,186 crore from a year-ago period.
 "Hindustan Unilever gains 4% post strong March quarter results")
Veranda lists 15% higher over issue price on BSE; down 5% on NSE
At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade on the BSE, against issue price of Rs 137 per share.
 "Veranda lists 15% higher over issue price on BSE; down 5% on NSE")
Bajaj Finance slips 5% despite strong Q4FY22 results
Brokerage firm Motilal Oswal Financial Services expects net interest margins (NIMs) to compress in FY23 due to yield pressure and higher borrowing cost.
 "Bajaj Finance slips 5% despite strong Q4FY22 results")
Bajaj Auto Q4 preview: Will subdued vols, high input cost dampen results?
Analysts expect revenue to decline by 11-12 per cent year-on-year (YoY) in Q4, marked by decline in volumes and surge in average selling price due to steep price hikes taken over the last few quarters
 "Bajaj Auto Q4 preview: Will subdued vols, high input cost dampen results?")
Mahindra CIE surges 13% on stable operational performance in March quarter
In Q1, standalone EBITDA margin improved 310 basis points (bps) to 15.5 per cent from 12 per cent in Q4.
 "Mahindra CIE surges 13% on stable operational performance in March quarter")
Borosil Renewables surges 13% ahead of board meet for fund raise
The company will mull fund raise, which may include issuance of equity shares or any other securities of the company, through preferential issue on a private placement basis.
Nestle Q1: Input cost rise, Sri Lanka crisis could hit profit, say analysts
Analysts expect the maggi maker to report muted profit in the March quarter 2022 due to sluggish rural demand sentiment and input cost inflation.
 "Nestle Q1: Input cost rise, Sri Lanka crisis could hit profit, say analysts")
MRPL surges 13% on heavy volumes; stock zooms 58% in April
The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.
 "MRPL surges 13% on heavy volumes; stock zooms 58% in April")
The stock of this iron & steel company has zoomed 89% in 11 trading days
Sunflag Iron and Steel soared 18 per cent to hit a record high of Rs 118.90 on the BSE in Tuesday's intra-day trade, extending previous two-week rally on the back of heavy volumes.
 "The stock of this iron & steel company has zoomed 89% in 11 trading days")
NTPC surges 6% on heavy volumes; stock hits over 2-year high
In the past one month, NTPC has outperformed the market by surging 22 per cent on expectation of strong power demand. In comparison, the benchmark index was down 1.3 per cent.
 "NTPC surges 6% on heavy volumes; stock hits over 2-year high")
Poonawalla Fincorp hits 52-week high; stock soars 44% in a month
In the past six months, the stock has been more-than-doubled or zoomed 110 per cent, as compared to 3.3 per cent decline in the S&P BSE Sensex.
 "Poonawalla Fincorp hits 52-week high; stock soars 44% in a month")
Mrs Bectors Food Specialities slips 10% on heavy volumes
Mrs Bectors Food has underperformed market in the past 3-6 months after reporting weak set of numbers. In comparison, the benchmark index was down by less than 4 per cent during the same period.
 "Mrs Bectors Food Specialities slips 10% on heavy volumes")
Infosys Q4 preview: Will high costs dent margin? What top brokerages expect
Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.
 "Infosys Q4 preview: Will high costs dent margin? What top brokerages expect")
TCS gains 1% in a weak market on strong demand outlook
The demand outlook continues to be strong as clients continue to spend on cloud transformation programs.
 "TCS gains 1% in a weak market on strong demand outlook")
LT Foods surges 14% in two days on heavy volumes; stock nears 52-week high
Ratings agency CRISIL believes organic business profitability of LT Foods should lead to higher consolidated EBITDA in the fourth quarter of 2022.
 "LT Foods surges 14% in two days on heavy volumes; stock nears 52-week high")
