Page 481 - Buzzing Stocks

HCL Tech gains 3% on maintaining margin outlook; analysts remain positive

Motilal Oswal Financial Services expects HCL Tech to emerge stronger on the back of healthy demand for IMS, Digital space and Cloud services in the medium term

Infosys slips 4%, hits 6-week low on surprise revenue guidance cut in Q2

Infosys's revenue guidance is a negative surprise and likely factor in impact from these ramp downs as well as backend ended and delayed ramp up in mega deal, according to analysts.

Stocks to Watch: Infosys, HCLTech, Maruti, IDBI Bank, Tata Motors, Religare

Stocks to watch on October 13, 2023: Infosys has lowered its FY24 constant currency revenue growth guidance for a second time to 1.0-2.5 per cent from 1-3.5 per cent earlier

Stock of this iron & steel company has zoomed over 1,000% since April

In the month of July, the stock price of Jai Balaji Industries more than doubled, zooming 106 per cent. Besides it has gained 74 per cent in August and 61 per cent in September.

Laxmi Organic dips 5% after raising Rs 259 crore via QIP issue

The fund raising committee, at its meeting held on October 10, 2023, approved the allotment of 9.63 million equity shares of face value of Rs 2 at an issue price of Rs 269.20 per share

PCBL rallies 6% on securing two patents; stock up 80% since April

In past one month, PCBL has outperformed the market by surging 30 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.

Zomato soars 4% on heavy volumes, market-cap nears Rs 1 trillion mark

Analysts at Kotak Securities believe Zomato's YoY GMV growth bottomed out in Q1FY24 at 14 per cent YoY and should witness improving performance Q2FY24 onward.

MOIL soars 12%, hits over 10-yr high after Quant MF buys 1.1 million shares

On October 11, Quant MF Gilt Fund has purchased 1.1 million equity shares, representing 0.54 per cent of total equity of MOIL, via block deal on the NSE, the exchange data shows

TCS dips 1% as Q2 result misses estimates; announces Rs 17,000 cr buyback

The management maintained that near term demand challenges remain and refrained from giving recovery timelines, implying a slow and gradual recovery ahead.

Stocks to Watch: TCS, Adani Group, IndusInd Bank, Aster DM, RVNL, Cipla

Stocks to Watch on October 12, 2023: RBI has allowed SBI Mutual Fund to acquire up to 9.99 per cent stake in IndusInd Bank

This Dolly Khanna-owned iron & steel stock has zoomed over 100% in 3 months

Investor Dolly Khanna held 1.8 million or 1 per cent of the total equity of Prakash Industries as of the end of September 2023

Stock of this state-owned defense company has zoomed over 150% since April

Shares of MIDHANI hit a record high of Rs 476.40, as they zoomed 17% on the BSE in Wednesday's intra-day trade and has recorded its sharpest intra-day rally since April 7, 2020.

Paper stocks rally; Pakka, TNPL, Star, West Coast, JK Paper zoom up to 20%

The Indian paper industry is poised for growth, with increasing demand driven by population growth, urbanisation, and rising literacy rates.

Oriental Hotels hits new high; up 27% in 1 week on hopes of strong earnings

Growth in the industry is largely expected from domestic demand which is expected to remain strong through FY24 even as international travel has shown green shoots of recovery.

HBL Power soars 8%, hits new high on healthy outlook; up 208% in 6 months

CARE Ratings expects total operational income of HBL to grow over 25% YoY (backed by strong demand) in FY24 along with sustaining its operating margins.

Stocks to Watch: Titan, Bank of Baroda, MCX, Birla Corp, TCS, REC, PFC

Stocks to watch on October 11, 2023: MCX said it will go live on the new commodity derivative trading platform from October 16, after a mock session on October 15

Sasken hits 52-week high; zooms 35% in one week after pact with Qualcomm

The company said its pact with Qualcomm marks a significant milestone in the realm of IoT innovation and underscores both firms' commitment in shaping the future of connected devices and services.

GMDC soars 15% on heavy volumes; stock more-than-doubled in 2 months

CARE Ratings believes that GMDC will continue to maintain its dominant market position in the lignite mining business with a healthy operating performance backed by sales volume growth.

Stock of this telecom equipment company has zoomed over 200% in 5 months

Shares of Avantel surged 20 per cent to hit a new high of Rs 306 on the BSE in Tuesday's intra-day trade, after the board recommended issue of bonus shares in the ratio of 2:1.

Realty shares in focus; Prestige, Godrej Properties, DLF rally up to 10%

The S&P BSE Realty index up 3 per cent was the top gainer among sectoral indices on Tuesday.