Page 505 - Buzzing Stocks
BSE SmallCap index hits fresh high; eyes 35,000 after surging 28% in FY24
Around 40 stocks on the BSE SmallCap index scaled new record highs, including The Anup Engineering, Bector Food, Cholamandalam Fin, CMS Info, CreditAccess Grameen, RPG Life, Escorts, Inox Green
 "BSE SmallCap index hits fresh high; eyes 35,000 after surging 28% in FY24")
Welspun India soars 13%, hits 52-week high on 7x YoY jump in Q1 PAT
So far this calendar year 2023 (CY23), the stock has rallied over 45 per cent, as against an 8 per cent jump in the S&P BSE Sensex
 "Welspun India soars 13%, hits 52-week high on 7x YoY jump in Q1 PAT")
Midhani soars 9%, hits 52-week high on order win worth Rs 179 crore
With this, the order booking position for FY 2023-24 (as on date) is Rs 542 crore, Mishra Dhatu Nigam said in a statement
 "Midhani soars 9%, hits 52-week high on order win worth Rs 179 crore")
Anup Engg at new high on strong business outlook; zooms 152% so far in CY23
In Q1FY23, AEL's PAT jumped nearly four-fold to Rs 18.6 crore from Rs 5.2 crore, on account of strong revenue growth and improvement in margins.
 "Anup Engg at new high on strong business outlook; zooms 152% so far in CY23")
Nazara Tech jumps 5% on strong Q1 results; stock up 20% so far in 2023
In the recently concluded quarter, Nazara's revenue from operations climbed 14 per cent YoY to Rs 254.4 crore. However, a sequential decline of 12 per cent was seen from Rs 289.32 crore in Q4FY23
 "Nazara Tech jumps 5% on strong Q1 results; stock up 20% so far in 2023")
Jet Airways shares bolt 5% as DCGA renews its air operator certificate
Jet Airways stock was locked in the 5 per cent upper circuit on the BSE as Jalan-Kalrock Consortium received renewed permit to fly the airline
 "Jet Airways shares bolt 5% as DCGA renews its air operator certificate")
ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results
Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives
 "ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results")
Over 75% pharma stocks eye breakout; most may see up to 15% upside
Barring, Pfizer, Gland Pharma, and Laurus Labs, all other constituents of Nifty Pharm Index trade over the 200-day simple moving average (SMA),
 "Over 75% pharma stocks eye breakout; most may see up to 15% upside")
Stock of this smallcap industrial products company has zoomed 90% in July
Lloyds Steels Industries hit a record high of Rs 44.74 on rallying 16 per cent on the BSE in Monday's intraday trade amid heavy volume.
 "Stock of this smallcap industrial products company has zoomed 90% in July")
Five-Star Business Finance zooms nearly 20% on strong Q1 show
The stock has now rallied 83 per cent from its IPO price of Rs 474 per share in less than nine months.
 "Five-Star Business Finance zooms nearly 20% on strong Q1 show")
Power Grid hits record high as it emerges successful bidder for 2 projects
Power Grid's board also approved proposal to raise up to Rs 5,700 crore through issuance of bonds on a private placement basis in multiple tranches in 2023-24
 "Power Grid hits record high as it emerges successful bidder for 2 projects")
Power Mech zooms 20% on securing mega mine development contract from SAIL
The company has bagged a Mine Development and Operation (MD) project for an estimated value of Rs 30,438 crore from SAIL, and the duration of the contract is 28 years.
 "Power Mech zooms 20% on securing mega mine development contract from SAIL")
Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL
Stocks to Watch on Monday, July 31: Adani Green, Adani Transmission, GAIL India, Go Fashion (India), and Maruti Suzuki are among top companies due to report their Q1FY24 earnings today
 "Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL")
NTPC hits over a decade high; reclaims Rs 2-trillion m-cap after Jan 2008
In the past two weeks, the stock of the state-owned power generation company has rallied 12 per cent
 "NTPC hits over a decade high; reclaims Rs 2-trillion m-cap after Jan 2008")
BEL hits record high on strong Q1 results; stock up 32% so far in 2023
The state-owned company saw 12.5 per cent YoY revenue growth to Rs 3,446 crore in Q1FY24, whereas total expenses climbed 9.4 per cent YoY to Rs 2,948 crore
 "BEL hits record high on strong Q1 results; stock up 32% so far in 2023")
Indiabulls Housing Finance zooms 9% on dividend proposal, fund raising plan
The Board has approved to raise up to Rs 35,000 crore via non-convertible debentures
 "Indiabulls Housing Finance zooms 9% on dividend proposal, fund raising plan")
Nifty Realty gains 2% in weak market; Prestige Estates, DLF soar up to 9%
Including today's gains, the Nifty Realty index has surged 7 per cent this week as against 0.3 per cent fall in the benchmark indices
 "Nifty Realty gains 2% in weak market; Prestige Estates, DLF soar up to 9%")
Zomato hits over 1-year high on extended buying; up 101% from 52-week low
The stock hit a 15-month high of Rs 86.37, gaining nearly 2 per cent on the BSE in Friday's intra-day trade
 "Zomato hits over 1-year high on extended buying; up 101% from 52-week low")
Indian Bank hits over 4-year high; gains 4% in weak market post Q1 results
The stock of the public sector bank hit its highest level since August 2018
 "Indian Bank hits over 4-year high; gains 4% in weak market post Q1 results")
Intellect Design soars 15% as total income rises 19% YoY in Q1FY24
So far this calendar year (CY23), Intellect Design has rallied 47 per cent, as against 9 per cent jump in the S&P BSE Sensex
 "Intellect Design soars 15% as total income rises 19% YoY in Q1FY24")