Page 69 - Deepak Korgaonkar

Bajaj Finance surges 13% in 2 weeks; Here's what is fueling the rally

As per reports, the company is planning an IPO of its housing finance arm, Bajaj Housing Finance (BHFL) at a valuation of Rs 80,000-85,000 crore.

VIP Industries surges 13% after management unveils plans for FY25

VIP Industries was trading 12.5 per cent higher at Rs 523.65, as compared to 0.8 per cent gain in the S&P BSE Sensex

IDFC First Bank slips 3% after over 2% equity change hands in block deals

As per reports, Cloverdell Investment, an affiliate of US-based Warburg Pincus, planned to sell 159 million shares in IDFC First Bank through the block deal route on Thursday.

NBFC stock hits 10% upper circuit after tanking 50% in last 17 trading days

Since March 1 or in the past 17 trading days, the stock price of IIFL Finance has tanked 50 per cent after the Reserve Bank of India (RBI) barred the NBFC from sanctioning or disbursing gold loans

Maruti Suzuki market cap crosses Rs 4 trillion; stock jumps 4%

The stock has zoomed 31 per cent in the last two months after Suzuki Motor Corporation said it plans to invest up to Rs 35,000 crore to set up its second manufacturing facility in Gujarat.

ABB India hits new high on strong outlook; surges 46% from Feb low

Shares of ABB India hit a new high of Rs 6,341, as they rallied 7 per cent on the BSE in Wednesday's intra-day trade on strong business outlook

These 10 smallcap stocks hit new highs, zoom over 100% in FY24 so far

Among these 10 stocks, Force Motors has zoomed 516 per cent, while, SML, Voltamp Transformers and Time Technoplast recorded returns between 243 per cent and 286 per cent

Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets

Of top 10 companies in Rekha Jhunjhunwala's portfolio total 8 stocks have given positive returns; while Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent

Hotel stocks rally up to 9% in weak market on hopes of strong earnings

Analysts at Emkay Global see the strength in hospitality industry sustaining in March (Q4)/June (Q1) quarter, based on their channel checks, with year-on-year (YoY) improvement in average room rates.

This smallcap stock has zoomed over 100% in 5 months; hits new high

Shares of Sanghvi Movers, a major player in the crane rental industry, moved higher by 11 per cent to Rs 1,282.95 on the BSE on Tuesday

IndiGo rallies 4% to hit fresh high, stock zooms 79% thus far in FY24

IndiGo plans to add 10 new destinations in fiscal 2025 and manage a fleet of more than 600 aircraft by 2030 as it expects the number of fliers in India to more than double by the end of the decade

Indus Towers at over 2-yr high; Citi maintains buy, bull-case target Rs 400

Indus is witnessing demand for rural expansion and densification in urban areas, particularly from Bharti Airtel

IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall

FY25 outlook muted for the sector, say analysts

DMart hits new 52-wk high, up 7% in 3 days after CLSA initiates buy rating

The brokerage believes investor concerns around competition from quick commerce and vertical-based players are valid but still factored in the stock price

Hi-Tech Gears hits new high; surges 26% in 2 days on healthy outlook

In the past six weeks, the stock of Hi-Tech Gears has soared 56 per cent; while, thus far in the financial year 2024, it has zoomed 159 per cent

CG Power, Cummins, Thermax, Hitachi Energy rally up to 9%, hit record highs

With increased economic activity in the country, the expectations are that India will double its generation and transmission capacities in the next couple of years

Rico Auto hits record high on heavy volumes; stock rallies 61% in a month

Rico Auto was trading 6 per cent higher at Rs 143.75, as against 0.5 per cent rise in the benchmark index

eMudhra hits fresh high; zooms 60% in 2 months on healthy outlook

In January 2024, eMudhra raised Rs 200 crore through a qualified institutional placement (QIP). The company issued 4.74 million equity shares at a price of Rs 422 per share

Krystal Integrated Services lists at 11% premium over its issue price

At 10:01 am; Krystal was quoting at Rs 784.75, after hitting a low of Rs 764.65 on the BSE in intra-day trade. A combined 2.5 million equity shares changed hands on the NSE and BSE

This capital goods engineering company has zoomed 107% thus far in CY2024

Thus far in the calendar year 2024 (CY2024), the stock price of Salzer has zoomed 107 per cent from level of Rs 404.05. In comparison, the S&P BSE Sensex is up less than 1per cent