Page 743 - Markets News
PN Gadgil zooms 8% as MOFSL initiates coverage with 'Buy', sees 24% upside
The rise in the PN Gadgil share came after domestic brokerage firm Motilal Oswal initiated coverage with a 'Buy' rating for a target price of Rs 950, reflecting an upside of 24%
 "PN Gadgil zooms 8% as MOFSL initiates coverage with 'Buy', sees 24% upside")
This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs
CarTrade Tech share price today hit an over three-year high of Rs 1,618, its highest level since September 2021
 "This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs")
Roto Pumps shares jump 10% after co secures new orders; details
Shares of Roto Pumps rose as much as 10.2 per cent at Rs 310.95 per share on the BSE in Monday's intraday trade
 "Roto Pumps shares jump 10% after co secures new orders; details")
Mobikwik IPO GMP zooms 40% ahead of Dec 11 opening; Key details from RHP
As investors await the opening of the public offering, here are the key details of the Mobikwik IPO, as per the Red Herring Prospectus (RHP) filed by the company
 "Mobikwik IPO GMP zooms 40% ahead of Dec 11 opening; Key details from RHP")
Sai Life Sciences IPO opens on Dec 11: Check GMP and other key details
At the upper end, Sai Life Sciences seeks to raise Rs 3,042.62 crore from the IPO, which comprises a fresh issue of 17,304,189 equity shares and an offer for sale of 38,116,934 equity shares
 "Sai Life Sciences IPO opens on Dec 11: Check GMP and other key details")
This smallcap stock has hit 5% upper circuit for two days; up 98% in a year
The stock hit per cent upper circuit for the second consecutive day after the company bagged an order worth Rs 2,041.4 crore
 "This smallcap stock has hit 5% upper circuit for two days; up 98% in a year")
This Tata Group co stock surged 53% in 3 weeks; zoomed 108% from June low
Nelco shares hit a multi-year high of Rs 1,350, as they rallied 6 per cent on the BSE in Monday's intra-day trade in an otherwise subdued market
 "This Tata Group co stock surged 53% in 3 weeks; zoomed 108% from June low")
RIL stock tests 10-yr support, can tank 35% to Rs 850 if breaks this level
The Rs 1,190 level holds the key for Reliance long-term trend; break and sustained trade can open the doors of a likely fall below Rs 1,000-mark, suggests technical charts.
 "RIL stock tests 10-yr support, can tank 35% to Rs 850 if breaks this level")
Bajaj Healthcare rises 6% as Gujarat API site gets nod from TGA, Australia
The mentioned site has already received approval from the US FDA (US Food and Drug Administration) and EU, as per the filing
 "Bajaj Healthcare rises 6% as Gujarat API site gets nod from TGA, Australia")
Linc shares jump 5% on fixing record date for stock-split, bonus issue
The uptick in Linc's share price came after the company announced that it has fixed December 20, 2024, as the 'Record Date' for stock-split and bonus issue
 "Linc shares jump 5% on fixing record date for stock-split, bonus issue")
Servotech Power Systems rallies 5% on joining hands with German Co; details
The electronic vehicle (EV) charger manufacturer, has entered into a strategic partnership with a German enterprise
 "Servotech Power Systems rallies 5% on joining hands with German Co; details")
Asian Paints hits over 3-yr low; down 30% so far in CY24 on sluggish demand
Since November, the stock price of Asian Paints has declined 19 per cent after it reported weak earnings for the quarter ended September 2024
 "Asian Paints hits over 3-yr low; down 30% so far in CY24 on sluggish demand")
Here's why VRL Logistics share was buzzing in trade on December 9; details
The rise in VRL Logistics share price came after the company announced that it has purchased the existing transhipment hub occupied by the company on lease basis at Bengaluru for Rs 229.30 crore
ITI shares zoom 13% amid heavy volumes; gains for 2nd consecutive session
On BSE 2.021 million equity shares and on NSE 43.367 million shares changed hands
 "ITI shares zoom 13% amid heavy volumes; gains for 2nd consecutive session")
CDMO shares under pressure; Neuland, Laurus, Syngene tank up to 12%
Thus far in the calendar year 2024 (CY24), the market price of Neuland Laboratories has zoomed 216%, Piramal Pharma (88%), Divi's Labs (53%) and Jubilant Pharmova (52%)
 "CDMO shares under pressure; Neuland, Laurus, Syngene tank up to 12%")
Easy Trip Planners acquires stake in 3 cos through share swap; stock up 3%
Shares of Easy Trip Planners hit an intraday high of Rs 17.33 per share, rising 3.4 per cent on the BSE in Monday's intraday trade
 "Easy Trip Planners acquires stake in 3 cos through share swap; stock up 3%")
Star Health drops 5% as Irdai issues show cause notice for violating norms
The fall in insurer's share price came after the company announced that the Insurance Regulatory and Development Authority of India (Irdai) has issued a show cause notice for violating norms
 "Star Health drops 5% as Irdai issues show cause notice for violating norms")
NLC India up 4% on emerging successful bidder for Patrapara Mine in Odisha
The coal mine block is having a total geological reserve of around 720.87 million tonnes with a peak-rated capacity of 12 million tonnes per annum
 "NLC India up 4% on emerging successful bidder for Patrapara Mine in Odisha")
FMCG woes: HUL, Dabur, Godrej Consumer risk up to 15% downside; show charts
As FMCG shares led by Godrej Consumer fell up to 11% on Monday post the volume growth concern; the Nifty FMCG index slipped below its 20-DMA after a two-week struggle; chart hints at further 4.5% dip.
 "FMCG woes: HUL, Dabur, Godrej Consumer risk up to 15% downside; show charts")
Emerald Tyre Manufacturers IPO closes today; 120x subscription, GMP up 79%
The unlisted shares of Emerald Tyre Manufacturers were trading at Rs 170 apiece, reflecting a grey market premium (GMP) of Rs 75 or 78.95 per cent over the upper end of the IPO price band of Rs 95
 "Emerald Tyre Manufacturers IPO closes today; 120x subscription, GMP up 79%")