Page 484 - Buzzing Stocks
This footwear stock in Jhujhuwala's kitty is now up 158% over IPO price
Shares of Metro Brands that boasts of Metro, Mochi, Walkaway, Crocs and Fitflop brands, hit a record high of Rs 1,292, rallied 15% in intra-day trade on the BSE.
 "This footwear stock in Jhujhuwala's kitty is now up 158% over IPO price")
JSW Infra makes strong debut; extends gain to zoom 32% over issue price
The stock moved higher to Rs 157, up 32 per cent over its issue price of Rs 119, after being listed at Rs 143 on the NSE
 "JSW Infra makes strong debut; extends gain to zoom 32% over issue price")
Vedanta gains 4% as board approves to split firm's biz into 6 companies
The company on Friday after market hours announced its plan to demerge its existing business verticals into six independent 'pure play' companies.
 "Vedanta gains 4% as board approves to split firm's biz into 6 companies")
Stock of this Gujarat government-owned company has zoomed 91% in 7 weeks
Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007
 "Stock of this Gujarat government-owned company has zoomed 91% in 7 weeks")
Glenmark Pharma soars 10% after S&P Global upgrades outlook to positive
The rating agency expects Glenmark to significantly reduce debt on completion of the GLS sale and maintain healthy earnings.
 "Glenmark Pharma soars 10% after S&P Global upgrades outlook to positive")
NTPC soars 6%, hits new high on strong biz outlook; up 52% so far in CY23
NTPC is looking for opportunities to expand and diversify its business in new areas both domestically and globally by working in close coordination with the Indian and global energy community
 "NTPC soars 6%, hits new high on strong biz outlook; up 52% so far in CY23")
Stock of this realty company has zoomed 71% in the past 6 days
The counter that hit a 52-week low of Rs 42.39 on August 29, 2023, traded at a record low of Rs 37.96 in March 2009. It had hit a record high of Rs 581.24 in December 2007
 "Stock of this realty company has zoomed 71% in the past 6 days")
MCX slips 9% as Sebi stops launch of new commodity derivative platform
Sebi has asked MCX to put on hold the proposed plan to launch its new commodity derivatives platform (CDP) planned for next week
 "MCX slips 9% as Sebi stops launch of new commodity derivative platform")
Navin Fluorine tanks 10% as MD Radhesh Welling resigns
In exchange filing, NFIL said Mr. Radhesh R. Welling has tendered his resignation as the Managing Director and a Director on the Board of the Company for personal reasons.
 "Navin Fluorine tanks 10% as MD Radhesh Welling resigns")
MCX surges 9%, nears record high; stock zooms 32% in one month
A combined around 7 million equity shares, representing 13 per cent of total equity of MCX, changed hands on the NSE and BSE till 3:00 PM
 "MCX surges 9%, nears record high; stock zooms 32% in one month")
L&T hits new high in weak market; Analysts see up to 10% further upside
L&T is well-placed to benefit in the long run given strong tender prospects, better order conversion in domestic markets, significant traction in hydrocarbon and renewable energy orders.
 "L&T hits new high in weak market; Analysts see up to 10% further upside")
MapmyIndia soars 11% on heavy volumes; stock zooms over 100% in 6 months
The company has laid down a five-year plan wherein it aims to cross the revenue milestone of Rs 1,000 crore by FY28 reporting a CAGR of 35-40 per cent.
 "MapmyIndia soars 11% on heavy volumes; stock zooms over 100% in 6 months")
Oil India surges 5%, hits 52-week high on rising oil prices, strong outlook
The company's prospects remain strong over FY24E / FY25E driven by steady increase in oil & gas output, and greater monetisation opportunities in gas via the imminent NE grid commissioning
 "Oil India surges 5%, hits 52-week high on rising oil prices, strong outlook")
Yatra Online makes weak debut; stock lists 10% below issue price
The stock listed at Rs 127.5, 10 per cent below its issue price of Rs 142 per share, on the National Stock Exchange.
 "Yatra Online makes weak debut; stock lists 10% below issue price")
Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC
Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar
 "Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC")
Vedanta tanks 6% as Moody's downgrades corporate family rating to Caa2
The downgrade reflects the elevated risk of debt restructuring over the next few months because VRL has not made any meaningful progress on refinancing its upcoming debt maturities, Moody's said
 "Vedanta tanks 6% as Moody's downgrades corporate family rating to Caa2")
PNB hits over 4-year high, zooms 33% in 1 month; mcap nears Rs 1 trillion
At 02:55 PM, PNB's market cap stood at Rs 90,048 crore
 "PNB hits over 4-year high, zooms 33% in 1 month; mcap nears Rs 1 trillion")
Gravita India surges 15%, hits record high on positive business outlook
The management has set an ambitious growth plan called 'Vision 2027', aimed at achieving a compound annual growth rate (CAGR) of at least 25 per cent
 "Gravita India surges 15%, hits record high on positive business outlook")
Sai Silks Kalamandir makes quiet debut; lists 4% higher over issue price
It touched an intra-day high of Rs 238 on the NSE and BSE, at the time of this report. Nearly 18 million equity shares of the company had changed hands on the exchanges in total
 "Sai Silks Kalamandir makes quiet debut; lists 4% higher over issue price")
Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks
Senco Gold hit a new high of Rs 590.55, rallied 11% on the BSE in Wednesday's intra-day trade and now quotes at a hefty 86% premium over its issue price in little more than 2 months.
 "Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks")