Deepak Korgaonkar
Deepak Korgaonkar
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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")
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")
Stock from Madhuri Madhusudan Kela's portfolio has zoomed 54% in 2 months
According to shareholding pattern data, Madhuri Madhusudan Kela, the wife of ace investor Madhusudan Kela, held 2.94 million equity shares or 5.85 per cent stake in Sangam (India) at the end of Q3
 "Stock from Madhuri Madhusudan Kela's portfolio has zoomed 54% in 2 months")
Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results
The two-wheeler major reported its highest-ever quarter revenue at Rs 12,114 crore and EBITDA at Rs 2,430 crore for the quarter ended December 2023.
 "Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results")
Indian Bk up 8%, hits new high on solid Q3 nos; Motilal expects more upside
In past six months, the share price of Indian Bank has appreciated by 43 per cent, as against 6.4 per cent rise in the S&P BSE Sensex.
 "Indian Bk up 8%, hits new high on solid Q3 nos; Motilal expects more upside")
South Indian, IDBI Bank gain up to 14%; hit multi-yr highs post Q3 results
IDBI Bank surged 14% to hit over five-year high of Rs 86.97; while South Indian Bank hit a fresh six-year high of Rs 33.70 on soaring 9% backed by heavy volumes.
IREDA up 31% in four days on robust Q3 results; zooms 405% over issue price
For Q3FY24, IREDA reported a healthy 67 per cent year-on-year (YoY) increase in profit after tax (PAT) of Rs 335 crore
 "IREDA up 31% in four days on robust Q3 results; zooms 405% over issue price")
Stock of this company engaged in Solar EPC biz has zoomed 117% in 7 weeks
Shares of Waaree Renewable Technologies on Wednesday were locked in the 5 per cent upper circuit for the third straight session on BSE
 "Stock of this company engaged in Solar EPC biz has zoomed 117% in 7 weeks")
Stock of this smallcap industrial products company has zoomed 68% in 4 days
At 02:37 PM; STEL was quoting 13 per cent higher at Rs 107.08, as compared to 1.4 per cent decline in the S&P BSE Sensex
 "Stock of this smallcap industrial products company has zoomed 68% in 4 days")
HUL hits 18-month low; stock plunges 8% in 2 days post weak Q3 results
The market price of HUL has fallen below its previous low of Rs 2,393, hit on March 15, 2023. It is trading at its lowest level since July 2022
 "HUL hits 18-month low; stock plunges 8% in 2 days post weak Q3 results")
HDFC Bank hits 52-wk low; wipes Rs 1.9 trn m-cap with 15% fall in 1 week
The stock slipped nearly 4% to Rs 1,425.05 on the BSE in intra-day trade, falling below its previous low of Rs 1,460.55 touched on October 26, 2023.
 "HDFC Bank hits 52-wk low; wipes Rs 1.9 trn m-cap with 15% fall in 1 week")
Zee plummets 30% as Sony calls off merger; CLSA downgrades stock to 'sell'
With Zee-Sony merger being terminated, we believe Zee's price-to-earnings (PE) will slump back to 12x levels, seen prior to the Sony merger announcement, CLSA said
 "Zee plummets 30% as Sony calls off merger; CLSA downgrades stock to 'sell'")
At 6 trn, LIC m-cap surpasses HUL, ITC; stock hits all-time high, surge 5%
LIC stock news: In the past one month, the market price of LIC has zoomed 25 per cent as compared to less than 2 per cent gain in the benchmark index
 "At 6 trn, LIC m-cap surpasses HUL, ITC; stock hits all-time high, surge 5%")
Ceat extends rally for third day; surges 14% on healthy outlook
Ceat on Friday launched its new premium range of two-wheeler steel radial tyres, targeting both aftermarket and original equipment manufacturer (OEM) segments.
 "Ceat extends rally for third day; surges 14% on healthy outlook")
These 2 rail-related stocks have zoomed over 75% thus far in Jan
IRFC with market capitalisation of Rs 2.3 trillion today surpassed other state-owned companies like Power Grid Corporation (Rs 2.23 trillion), IOCL (Rs 2.11 trillion) and HAL (Rs 2.01 trillion).
Sobha jumps 10% on rights issue plan; stock zooms 48% thus far in Jan
The board of directors of Sobha are scheduled to meed on Monday, January 22, 2024, to consider the proposal of fund raising by way of equity shares through rights issue.
 "Sobha jumps 10% on rights issue plan; stock zooms 48% thus far in Jan")
Stock of this railway-related SME company has zoomed 130% in one month
Shares of Cosmic CRF were locked in the 5 per cent upper circuit on BSE at Rs 916.65 in a weak market
HDFC Bank slips 8% post Q3 results, logs sharpest fall since March 2020
HDFC Bank accounted for nearly 60 per cent of the benchmark S&P BSE Sensex's 1,628-point decline on Wednesday
 "HDFC Bank slips 8% post Q3 results, logs sharpest fall since March 2020")
LIC at 20-mth high, nears listing day-lifetime high; up 69% from March low
LIC hit a 20-month high of Rs 895. It has recovered 69 per cent from its 52-week low level of Rs 530.20 touched on March 29, 2023
 "LIC at 20-mth high, nears listing day-lifetime high; up 69% from March low")
