Page 489 - Buzzing Stocks
Transformers and Rectifiers surges 20%, hits new high on fund raising plans
The board of directors of the company will be held on September 12, 2023, o consider the proposal of fund raising by way of issue of equity shares and/or equity linked securities.
 "Transformers and Rectifiers surges 20%, hits new high on fund raising plans")
Stocks to Watch: L&T, ONGC, Shemaroo, Mazagon Dock, Landmark Cars, Tejas
Stocks to Watch on September 8, 2023: As per a Business Standard report, L&T has secured a multi-billion-dollar contract from Saudi Aramco
 "Stocks to Watch: L&T, ONGC, Shemaroo, Mazagon Dock, Landmark Cars, Tejas")
Coal India stock surges over 7% on BSE; touches nearly five-year high
The stock finished the day at its highest level since October 2018
 "Coal India stock surges over 7% on BSE; touches nearly five-year high")
L&T joins Rs 4-trillion market cap club; stock gains 4% to hit new high
The company has fixed September 12, 2023 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback
 "L&T joins Rs 4-trillion market cap club; stock gains 4% to hit new high")
Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%
The contract is anticipated to yield revenue of approximately Rs 10 crore
 "Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%")
J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month
The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank's proposition, as per India Ratings
 "J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month")
Responsive Industries hits record high on order win from Indian Railways
Responsive Industries said bagging two of the nation's most prestigious rail projects -- Garid Rath and Vande Bharat -- underscores the company's unparalleled expertise
 "Responsive Industries hits record high on order win from Indian Railways")
Tata Consumer dips 3% after it denies 51% stake buy buzz in Haldiram's
The company said it evaluates various strategic opportunities for growth and expansion of the business of the company on an ongoing basis
 "Tata Consumer dips 3% after it denies 51% stake buy buzz in Haldiram's")
Cochin Shipyard surges 15%, hits new high in weak market on strong outlook
The stock hit a new high of Rs 1,096.85, and has zoomed 98 per cent in the past three months
 "Cochin Shipyard surges 15%, hits new high in weak market on strong outlook")
Stocks to Watch: Reliance, Tata Consumer, Biocon, TCS, REC,Som Distilleries
Stocks to Watch on September 7, 2023: Tata Consumer Products has refuted reports that said it is in talks to acquire a majority 51 per cent stake in Haldiram's
 "Stocks to Watch: Reliance, Tata Consumer, Biocon, TCS, REC,Som Distilleries")
Paper stocks on a roll; Andhra, West Coast, TNPL, JK Paper rally up to 15%
A strong and robust domestic demand, coupled with strategic exports of both paper and converted paper products, augers well for the Indian paper industry
 "Paper stocks on a roll; Andhra, West Coast, TNPL, JK Paper rally up to 15%")
SpiceJet zooms 19% after nearly 3% equity change hands on the BSE
The stock has rallied 27% in two days after the board allotted equity shares and warrants to the promoter group company, and allotted equity shares to aircraft lessors on preferential basis.
 "SpiceJet zooms 19% after nearly 3% equity change hands on the BSE")
Rice miller stocks in focus; KRBL, LT Foods soar 6% on positive biz outlook
The impact of El Nino on Basmati production is minimal due to the irrigation methods employed, utilizing both canal and groundwater sources
 "Rice miller stocks in focus; KRBL, LT Foods soar 6% on positive biz outlook")
LIC surges 4% on heavy volumes; stock hits over seven-month high
The stock of state-owned life insurer quoted at its highest level since January 27, 2023 and has recovered 30 per cent from its 52-week low of Rs 530.20 touched on March 29.
 "LIC surges 4% on heavy volumes; stock hits over seven-month high")
Sugar shares rally on higher prices; Uttam, Avadh, Dalmia soar up to 10%
Sugar prices rose to a six-year high on Tuesday, amid concerns over a deficient monsoon.
 "Sugar shares rally on higher prices; Uttam, Avadh, Dalmia soar up to 10%")
Stocks to Watch: Zee Entertainment, Jio Financial, NBCC, Vedanta, PowerGrid
Stocks to watch on September 6, 2023: Private lender IDBI Bank has filed an appeal against the NCLT order approving the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment
 "Stocks to Watch: Zee Entertainment, Jio Financial, NBCC, Vedanta, PowerGrid")
These two PSU stocks have zoomed 50% in last three days on heavy volumes
Shares of Indian Railway Finance Corporation (IRFC) and MMTC surged by up to 20 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes
 "These two PSU stocks have zoomed 50% in last three days on heavy volumes")
Cyient surges 140% so far in CY23; Cyient DLM zooms 179% over issue price
Shares of Cyient and its subsidiary Cyient DLM hit their respective all-time highs on Tuesday as they rallied up to 19 per cent on the BSE in the intraday trade
Raymond surges 10%, hits record high on healthy business outlook
Brokerage firm Motilal Oswal Financial Services has initiated coverage on the stock with a 'BUY' rating and a target price of Rs 2,600 per share
 "Raymond surges 10%, hits record high on healthy business outlook")
IDBI Bank surges 16% in 2 days as govt invites bids to appoint asset valuer
The government along with the Life Insurance Corporation of India (LIC) is selling nearly 61 per cent stake in IDBI Bank and has received multiple Expressions of Interest (EoI) for the same
 "IDBI Bank surges 16% in 2 days as govt invites bids to appoint asset valuer")