Page 479 - Buzzing Stocks
CreditAccess Grameen hits new high; soars 13% on strong Q2 results
In Q2, the company's net profit nearly doubled to Rs 347 crore, on the back of an improved income profile and strong control on the cost of operations.
 "CreditAccess Grameen hits new high; soars 13% on strong Q2 results")
BSE hits life-time high, zooms 13% post revision in F&O turnover charges
BSE revised the transaction charges in equity derivatives segment, across slabs, with effect from November 1, 2023.
 "BSE hits life-time high, zooms 13% post revision in F&O turnover charges")
Ipca Labs surges 7%, hits 52-week high on favourable report from USFDA
The company has received voluntary action indicated (VAI) classification from the United States Food and Drug Administration (USFDA) for its Ratlam, Madhya Pradesh manufacturing facility.
 "Ipca Labs surges 7%, hits 52-week high on favourable report from USFDA")
Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm
Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore
 "Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm")
City gas distributors under pressure; IGL, MGL stocks tank up to 10%
The Delhi government has submitted a policy on electric vehicle (EV) adoption by cab aggregators, delivery service providers and E-comm entities for final approval by the Lieutenant Governor
 "City gas distributors under pressure; IGL, MGL stocks tank up to 10%")
Stock of this railway wagon company has zoomed over 800% in 20 months
The stock of railway wagons maker had hit a record high of Rs 867 on Thursday, October 19. In the past year, the market price of TRSL has zoomed 438 per cent
 "Stock of this railway wagon company has zoomed over 800% in 20 months")
ITC sinks 3% after Q2 results in sharpest single-day decline in 12 weeks
The festive season, increase in rural wages, and government spending on infrastructure are expected to propel rural demand ahead, according to analysts
 "ITC sinks 3% after Q2 results in sharpest single-day decline in 12 weeks")
This newly listed stock has zoomed nearly 100% against its issue price
Shares of Plaza Wires were locked in the upper circuit for the sixth straight day on the BSE
 "This newly listed stock has zoomed nearly 100% against its issue price")
Hindustan Unilever dips 2% on muted September quarter results
The outlook for HUL remains balanced as lower commodity costs and a gradual recovery in rural demand could be offset by reduced leverage on pricing and increased competition from smaller players.
 "Hindustan Unilever dips 2% on muted September quarter results")
Stocks to Watch today: HUL, ITC, Zomato, Paytm, UltraTech, Dixon, MphasiS
Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.
 "Stocks to Watch today: HUL, ITC, Zomato, Paytm, UltraTech, Dixon, MphasiS")
This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days
In the past two days, the stock of the public sector undertaking (PSU) company has declined 19 per cent
 "This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days")
MMTC at lower circuit, sinks 19% in 2 days on reports govt may wind it down
From its 52-week low of Rs 26.4 touched on April 28 this year, the stock had leaped 237 per cent to a new 52-week high of Rs 89 on October 17, Tuesday
 "MMTC at lower circuit, sinks 19% in 2 days on reports govt may wind it down")
Nestle India hits new high; up 2% on 1:10 stock split, healthy Q3 results
The company also declared a second interim dividend of Rs 140 per share for the year 2023.
 "Nestle India hits new high; up 2% on 1:10 stock split, healthy Q3 results")
Stock of this PSU civil construction company zoomed over 60% in 3 months
Share of NBCC (India) hit over 5-year high at Rs 69.90, as they rallied 8 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on back of heavy volumes.
 "Stock of this PSU civil construction company zoomed over 60% in 3 months")
Shakti Pumps zooms 20% on Rs 1,603-crore order win from MSEDCL
The company has received a Letter of Empanelment from MSEDCL for 50,000 Off-Grid SPWPS pumps for the entire state of Maharashtra
 "Shakti Pumps zooms 20% on Rs 1,603-crore order win from MSEDCL")
Bajaj Auto surges 5%, hits record high in weak market on healthy Q2 margin
Bajaj Auto said the margin in Q2 was driven by better realisation and a richer product mix, which more than covered the drag arising from investments on growing electric scooters.
 "Bajaj Auto surges 5%, hits record high in weak market on healthy Q2 margin")
Stocks to Watch today: Bajaj Auto, Wipro, RIL, Dabur, IndusInd, Bandhan Bk
Stocks to watch on Thursday, October 19, 2023: FMCG majors ITC, Hindustan Unilever and Nestle also likely to be in focus ahead of Q2 results today.
 "Stocks to Watch today: Bajaj Auto, Wipro, RIL, Dabur, IndusInd, Bandhan Bk")
This defence-related stock soared 14.5% in weak market, hit record high
From its March 2023 lows, shares of Astra Microwave Products has more-than-doubled by surging 106 per cent on the bourses
 "This defence-related stock soared 14.5% in weak market, hit record high")
Biocon slips 4% after USFDA asks for corrective measures at Malaysian unit
The USFDA has determined the inspection classification as 'OAI' (Official Action Indicated) post inspection of Biocon's step-down subsidiary in Malaysia.
 "Biocon slips 4% after USFDA asks for corrective measures at Malaysian unit")
Hudco plunges 9% as govt begins partial stake sale via OFS at discount
The floor price for the sale, however, has been set at Rs 79 apiece, which is 12 per cent lower than Tuesday's closing price pf Rs 89.9 per share
 "Hudco plunges 9% as govt begins partial stake sale via OFS at discount")