Deepak Korgaonkar
Deepak Korgaonkar
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71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?
Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022
 "71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?")
Rs 850-crore buyback at premium to support Paytm stk in near-term: JPMorgan
The number of shares bought back will be 10.5 million at the maximum buyback price of Rs 810, representing 1.6 per cent of the paid-up share capital
 "Rs 850-crore buyback at premium to support Paytm stk in near-term: JPMorgan")
IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations
The S&P BSE Oil & Gas index hit a 52-week high of 20,653.57 in intra-day trade on Wednesday
 "IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations")
L&T gains 3% in two days, hits record high on strong order prospects
The inflow momentum looks set to continue with a strong Rs 6.3 trillion-prospective pipeline and better conversion ratio
 "L&T gains 3% in two days, hits record high on strong order prospects")
Escorts Kubota rallies 6%; nears record high on strong growth outlook
The management has laid out a target revenue of Rs 22,700 crore by FY28 driven by amalgamation with Kubota JVs, ramp-up of vehicle/component exports, and continuing growth in domestic businesses
 "Escorts Kubota rallies 6%; nears record high on strong growth outlook")
Zomato soars 13% on heavy volume as net loss narrows to Rs 251 cr in Q2
The company's revenue, too, increased 62.2 per cent year-on-year (YoY) to Rs 1,661 crore in Q2FY23 as against Rs 1,024 crore in Q2FY22
 "Zomato soars 13% on heavy volume as net loss narrows to Rs 251 cr in Q2")
Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results
The bank said the significant jump in net profit is mainly because of improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement, among others
 "Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results")
ICICI Bank Q2: Analysts expect sustained outperformance, up to 24% upside
ICICI Bank Q2 result review: ICICI Bank shares hit record high of Rs 942.7 apiece as the lender outperformed peers on every metric in Q2FY23
 "ICICI Bank Q2: Analysts expect sustained outperformance, up to 24% upside")
Indian markets set to post worst Samvat show in 7 yrs; smallcaps outperform
FPIs offloaded nearly Rs 2 trillion ($265 billion) in Indian equities during Samvat 2078, data show.
 "Indian markets set to post worst Samvat show in 7 yrs; smallcaps outperform")
Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth
Axis Bank shares hit a record high of Rs 905 on the BSE on Friday, surging 9.5 per cent in the intra-day trade, after the bank beat Street's September quarter earnings' expectations across parameters
 "Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth")
What drove markets down the drain in Samvat 2078?
Equity markets battled a number of headwinds in Samvat 2078. As we enter Samvat 2079, we take a step back to delve into what led to a disappointing Samvat 2078 since last Diwali. Here's a report
 "What drove markets down the drain in Samvat 2078?")
This defence stock has zoomed 139% from its IPO price in just 10 months
In the past three months, Data Patterns has zoomed 95 per cent, as compared to an 8 per cent rise in the S&P BSE Sensex
 "This defence stock has zoomed 139% from its IPO price in just 10 months")
ITC surges 6% in four days ahead of Q2 results; analysts expect a good show
In Q2FY23, ITC is expected to witness strong growth across segments considering lower sales in the base quarter of cigarettes, hotels & agri business.
 "ITC surges 6% in four days ahead of Q2 results; analysts expect a good show")
Midhani surges 7%; hits new high on pact with Boeing for aerospace parts
Boeing India on Tuesday reportedly announced it would assess and collaborate with Midhani to develop raw materials for standard aerospace parts and components in India.
 "Midhani surges 7%; hits new high on pact with Boeing for aerospace parts")
PSU Bank leads Nifty pack, up 7.6% in the past two trading sessions
With asset quality improving, analysts see more growth
 "PSU Bank leads Nifty pack, up 7.6% in the past two trading sessions")
Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance
Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter
 "Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance")
Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%
The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline.
 "Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%")
Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%
Apart from a forensic audit in the Fortis-IHH deal, the Supreme Court on Thursday also announced a jail term of six months for Malvinder Singh and Shivinder Singh in the Daiichi-Fortis case.
 "Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%")
Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan
Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.
 "Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan")
Ambuja Cements hits new high, up 10% on Adani's Rs 20,000-cr funding plan
The company's new board approved an infusion of Rs 20,000 crore by way of preferential allotment of 477 million convertible warrants at a price of Rs 419 to Harmonia Trade and Investment
 "Ambuja Cements hits new high, up 10% on Adani's Rs 20,000-cr funding plan")
