Deepak Korgaonkar
Deepak Korgaonkar
Page 75 - Deepak Korgaonkar/workspace/business Standard Web/undefined
CPSE stocks on a roll; BEML Land, NBCC, Engineers India rally up to 20%
According to SBI Capital Markets (SBICAPS), the enhanced profitability of public sector banks (PSBs) and CPSE is anticipated to contribute to improved dividend payouts
 "CPSE stocks on a roll; BEML Land, NBCC, Engineers India rally up to 20%")
PNB enters top 50 most-valuable stocks' club; overtakes BOB in market cap
PNB is trading at its highest level since February 2018. In the past seven trading days, it has surged 27 per cent
 "PNB enters top 50 most-valuable stocks' club; overtakes BOB in market cap")
Paytm hits 2nd straight 20% lower circuit post RBI curbs; downgrades weigh
The RBI on Wednesday restricted Paytm Payment Bank from taking fresh deposits and credit transactions across its services due to non-compliance of regulations and supervisory concerns.
 "Paytm hits 2nd straight 20% lower circuit post RBI curbs; downgrades weigh")
This state-owned civil construction stock has zoomed over 100% in 1 month
Thus far in the financial year FY24, the stock price of NBCC (India|) has skyrocketed by 375 per cent.
 "This state-owned civil construction stock has zoomed over 100% in 1 month")
This state-owned housing finance stock has zoomed 305% in past 1 year
Shares of HUDCO rallied 10 per cent to hit a new high of Rs 189.65 in Thursday's intra-day trades on the back of near two-fold jump in average trading volumes.
 "This state-owned housing finance stock has zoomed 305% in past 1 year")
Paytm dips 20% post RBI move; brokerages see more downside going ahead
The RBI has restricted PPBL from taking fresh deposits and credit transactions across its services due to non-compliance of regulations and supervisory concerns
 "Paytm dips 20% post RBI move; brokerages see more downside going ahead")
Brokerages divided on L&T's new order prospects, exposure to West Asia
L&T's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections
 "Brokerages divided on L&T's new order prospects, exposure to West Asia")
Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes
Amara Raja Energy hit a nearly three-year high of Rs 900 with a 7 per cent gain on the back of an over two-fold jump in average trading volumes
 "Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes")
Stock of this smallcap power generation company has zoomed 123% in 3 months
Shares of KPI Green Energy were locked in the 10-per cent upper circuit at Rs 1,823.80, hitting a new high on the BSE in Wednesday's intraday trade
 "Stock of this smallcap power generation company has zoomed 123% in 3 months")
Dr Reddy's rallies 4%; market cap touches Rs 1 trillion post Q3 results
With this, Dr Reddy's has become the third listed pharmaceutical company to achieve the Rs 1-trillion m-cap feat
 "Dr Reddy's rallies 4%; market cap touches Rs 1 trillion post Q3 results")
L&T sinks 7% as margins disappoint, weakness likely in order wins till June
The company's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections
 "L&T sinks 7% as margins disappoint, weakness likely in order wins till June")
PB Fintech surges 13%, hits 2-year high on first quarterly profit in Q3
The stock of a fintech company was trading at its highest level since January 2022. It had hit a record high of Rs 1,470 on November 17, 2021.
 "PB Fintech surges 13%, hits 2-year high on first quarterly profit in Q3")
After 7 yrs, TaMo pips Maruti Suzuki to become most valuable auto company
The combined market cap of Tata Motors (Rs 287,327 crore) and Tata Motors DVR (Rs 29,226 crore) stood at Rs 3.16 trillion
 "After 7 yrs, TaMo pips Maruti Suzuki to become most valuable auto company")
Vedant Fashions hits 18-month low, slips 7% on weak outlook
According to the management, the overall performance in 9MFY24 got impacted due to significantly lower weddings nationally, general slowdown impacting consumer sentiments
 "Vedant Fashions hits 18-month low, slips 7% on weak outlook")
Azad Engg zooms 25% in 2 days on signing 7-year contract with Rolls-Royce
Rolls-Royce signed a long term contract of seven years with AEL to produce/supply critical engine parts for their Defence / Military Aircraft engines
 "Azad Engg zooms 25% in 2 days on signing 7-year contract with Rolls-Royce")
ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates
Analysts expect the stock to remain muted in the near-term given a weaker overall environment
 "ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates")
Reliance Industries stock rallies 7%, mcap tops Rs 19.5 trillion
Robust retail, oil and gas performance, steady digital services drive company's earnings growth
 "Reliance Industries stock rallies 7%, mcap tops Rs 19.5 trillion")
505 BSE stocks locked in upper circuits; Shakti Pumps, HPIL, BPL zoom 20%
IFCI, MSTC, Texmo Pipes & Products, Punjab Communications, Jindal Photo and Manaksia Steels are among 17 stocks has frozen 10 per cent circuit on the BSE
 "505 BSE stocks locked in upper circuits; Shakti Pumps, HPIL, BPL zoom 20%")
Adani stocks fire up: Adani Enterprises, Adani Energy, ATGL surge up to 7%
Adani Total Gas, Adani Power, Adani Ports and Special Economic Zone, Adani Green Energy and Ambuja Cements are up 3% to 5%.
 "Adani stocks fire up: Adani Enterprises, Adani Energy, ATGL surge up to 7%")
Dhanlaxmi Bank at 9-yr high, hits 10% upper circuit; zooms 69% in two weeks
The stock of private sector lender was trading at its highest level since August 2014
 "Dhanlaxmi Bank at 9-yr high, hits 10% upper circuit; zooms 69% in two weeks")
