Deepak Korgaonkar
Deepak Korgaonkar
Page 70 - Deepak Korgaonkar
BGR Energy hits over 3-year low; stock tanks 68% in one month
In the past one month, the stock tanked 68 per cent from its 52-week high of Rs 119.48 that it touched on February 20
 "BGR Energy hits over 3-year low; stock tanks 68% in one month")
This electrical equipment stock has catapulted over 8000% in 4 years
The joint venture between CG Power, Renesas Electronics Corp and Stars Microelectronics (Thailand) will set up an outsourced semiconductor assembly and test (OSAT) facility in India
 "This electrical equipment stock has catapulted over 8000% in 4 years")
Maruti Suzuki hits new high in subdued market; stock zooms 20% in 2 months
Global brokerage CLSA, on Wednesday, said Maruti Suzuki could be among the key beneficiaries of increasing adoption of CNG vehicles in India
 "Maruti Suzuki hits new high in subdued market; stock zooms 20% in 2 months")
Sapphire Foods at new high; soars 18% in 4 days as large funds raise stake
On March 7, 2024, HDFC Mutual Fund acquired 1.45 million equity shares, representing 2.28 per cent of Sapphire Foods, via open market
 "Sapphire Foods at new high; soars 18% in 4 days as large funds raise stake")
Bajaj Finance rises 2% in weak market; BNP Paribas sees up to 35% upside
Brokerage firm BNP Paribas India initiated coverage on the stock with outperform rating and a target price of Rs 9,040.
 "Bajaj Finance rises 2% in weak market; BNP Paribas sees up to 35% upside")
BPCL, HPCL, IOC down for 3rd straight day; slip upto 25% from 52-week highs
In past three days, shares of OMCs have declined between 8 - 12 per cent on concerns that recent petrol and diesel price cut could hurt the companies' profit margins in the near-term.
 "BPCL, HPCL, IOC down for 3rd straight day; slip upto 25% from 52-week highs")
TCS slips 3% after 21 mn shares change hands in block deals on BSE
At 09:15 am; around 20.93 million equity shares representing 0.58 per cent of total equity of TCS changed hands on the BSE, the exchange data showed.
 "TCS slips 3% after 21 mn shares change hands in block deals on BSE")
This auto ancillary stock surged 14% on Monday on healthy outlook
Shares of Gabriel India recovered 27 per cent from their recent lows. They had tanked 37 per cent from the 52-week high level of Rs 440, touched on December 6, 2023
 "This auto ancillary stock surged 14% on Monday on healthy outlook")
Reliance Infra hits 5-year high; stock zooms 41% in 3 days
Reliance Infrastructure was trading 8 per cent higher at Rs 256.40, compared to 0.16 per cent decline in the S&P BSE Sensex
 "Reliance Infra hits 5-year high; stock zooms 41% in 3 days")
Coforge slips 5% as board approves Rs 3,200 crore fund raise
In the past one month, the global digital services and solutions provider's stock has underperformed in the market falling by 14 per cent. In comparison, the S&P BSE Sensex was down by 0.04 per cent
 "Coforge slips 5% as board approves Rs 3,200 crore fund raise")
BPCL, HPCL, IOC shed up to 8% on petrol, diesel price cut, margin worries
Analysts expect OMCs to trade lower in the near-term given the retail price cut and elevated brent crude prices of $85/bbl
 "BPCL, HPCL, IOC shed up to 8% on petrol, diesel price cut, margin worries")
Stock of this industrial explosives firm hits new high, up 136% in 8 months
Shares of Solar Industries hit an all-time high of Rs 8,686, on rallying 6 per cent in Friday's trading session.
 "Stock of this industrial explosives firm hits new high, up 136% in 8 months")
Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24
In the past one month, Bharti Airtel has outperformed the market by surging 9 per cent, as against less than 1 per cent rise in the BSE benchmark index.
 "Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24")
IIFL Finance hits lowest level since Oct' 22; stock tanks 42% in 2 weeks
Multiple rating agencies including Fitch Ratings, Brickwork Ratings India, CRISIL Ratings, Care Ratings, and Icra have revised their ratings on IIFL Finance
 "IIFL Finance hits lowest level since Oct' 22; stock tanks 42% in 2 weeks")
Rail stocks: IRFC, IRCON, Texmaco Rail rally up to 15% on heavy volumes
Indian Railway Finance Corporation (IRFC), and Engineering, IRCON International, RailTel Corporation of India, RITES, Rail Vikas Nigam (RNVL) and Titagarh Rail Systems have rallied 8 to 15
 "Rail stocks: IRFC, IRCON, Texmaco Rail rally up to 15% on heavy volumes")
Gopal Snacks makes disappointing debut; lists 13% below its issue price
Post listing, the stock hit a high of Rs 378 and a low of Rs 342 in early deals on the BSE.
 "Gopal Snacks makes disappointing debut; lists 13% below its issue price")
Bear Hammering: Paytm, Adani Power among 1,010 stocks at lower circuit
As many as 1,010 stocks were locked at their respective lower circuit on the BSE in late noon deals on Wednesday amid the broader market sell-off.
 "Bear Hammering: Paytm, Adani Power among 1,010 stocks at lower circuit")
CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%
Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex
 "CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%")
23 IPOs hit lowest level since listing; 13 fall below issue price
Credo Brands Marketing, ASK Automotive, Flair Writing Industries, Rishabh Instruments, and TVS Supply Chain Solutions fell below their issue prices
 "23 IPOs hit lowest level since listing; 13 fall below issue price")
ITC surges 9% in best single-day rally since April 2020 on BAT's stake sale
ITC's stock reported its sharpest intra-day rally since April 3, 2020 when it had surged nearly 10 per cent
 "ITC surges 9% in best single-day rally since April 2020 on BAT's stake sale")
