Page 507 - Buzzing Stocks
Action Construction at new high on strong outlook; soars 48% so far in July
Thus far in the calendar year 2023, the stock has zoomed 139 per cent, as compared to 9.2 per cent rise in the S&P BSE Sensex.
 "Action Construction at new high on strong outlook; soars 48% so far in July")
ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market
The broader trend in the cement sector remains optimistic, price action riding along the overall bullish sentiment
 "ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market")
Can Fin Homes sinks 8% after firm reports Rs 38 cr fraud at Ambala Branch
The company has undertaken legal action and expects one time impact on earnings, while, there will be no impact on assets quality.
 "Can Fin Homes sinks 8% after firm reports Rs 38 cr fraud at Ambala Branch")
L&T surges 4%; hits new high on strong Q1 results, Rs 10,000 crore buyback
The company would entail 33.3 million equity shares for a price of up to Rs 3,000 each, via tender offer route, subject to approvals.
 "L&T surges 4%; hits new high on strong Q1 results, Rs 10,000 crore buyback")
Tata Motors DVR hits record high, zooms 18% on delisting plan
The board of the automotive major approved a scheme whereby 7 ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled.
 "Tata Motors DVR hits record high, zooms 18% on delisting plan")
Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL
Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares
 "Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL")
Jyothy Labs zooms 19% on strong operational performance in June quarter
EBITDA margins for the quarter improved 710 bps to 17.1 per cent against 10 per cent in a year ago quarter, due to moderating input costs.
 "Jyothy Labs zooms 19% on strong operational performance in June quarter")
SRF hits 52-week low, slips 4% intra-day as Q1 PAT falls 41% from year ago
The management said the significant drop in profit was mainly due to the expected downcycle of the packaging films business and is expected to continue for the medium-term
 "SRF hits 52-week low, slips 4% intra-day as Q1 PAT falls 41% from year ago")
ITC loses over Rs 50,000 cr m-cap in 2 days on hotel biz de-merger plan
The m-cap of ITC eroded by Rs 54,350 crore to Rs 5.68 trillion in Tuesday's intra-day deal
 "ITC loses over Rs 50,000 cr m-cap in 2 days on hotel biz de-merger plan")
Sharda Cropchem slips 7%, hits 3-month low on disappointing Q1 results
The company's revenues during the quarter declined 22.7 per cent YoY to Rs 638 crore due to lower sales in Europe and The North American Free Trade Agreement (NAFTA) Region.
 "Sharda Cropchem slips 7%, hits 3-month low on disappointing Q1 results")
SJVN hits new high on strong order inflows; stock surges 37% in one week
Government of Arunachal Pradesh has allotted five projects totalling 5.097 MW to the SJVN.
 "SJVN hits new high on strong order inflows; stock surges 37% in one week")
Stocks to Watch: Tata Steel, RIL, Maruti, TVS Motor, HDFC AMC, JK Paper
Stocks to Watch on July 25, 2023: Asian Paints, Bajaj Auto, Cyient, CEAT, Delta Corp, Jubilant FoodWorks, KPIT Tech, Larsen & Toubro, SBI Life and Tata Motors will release their Q1 results today
 "Stocks to Watch: Tata Steel, RIL, Maruti, TVS Motor, HDFC AMC, JK Paper")
ITC dips 4% after board gives in-principle approval to demerge hotel biz
The Board has also approved incorporation of a wholly owned subsidiary of the company to be named ITC Hotels Limited
 "ITC dips 4% after board gives in-principle approval to demerge hotel biz")
JLR volumes may aid Tata Motors Q1 margins; demand outlook eyed: Analysts
So far this calendar year (CY23), shares of Tata Motors jumped 61 per cent, as against a 9.6 per cent surge in the S&P BSE Sensex
 "JLR volumes may aid Tata Motors Q1 margins; demand outlook eyed: Analysts")
PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs
At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.
 "PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs")
Utkarsh SFB extends post-debut rally; zooms 125% against issue price
Utkarsh Small Finance Bank (SFB) rallied 17 per cent to hit a new high of Rs 56.30 on the BSE in Monday's intra-day trade, extending gains from its strong market debut on Friday
 "Utkarsh SFB extends post-debut rally; zooms 125% against issue price")
Aarti Drugs surges 14% on firm Q1 result, approves buyback via tender route
The board has approved the buyback of 665,000 equity shares at Rs 900 per share via the tender offer route
 "Aarti Drugs surges 14% on firm Q1 result, approves buyback via tender route")
Jay Bharat Maruti freezes at 5% upper circuit on stock split plan
In past three months, the stock price of the company has more-than-doubled or zoomed 123 per cent, as compared to 11 per cent rise in the S&P BSE Sensex.
 "Jay Bharat Maruti freezes at 5% upper circuit on stock split plan")
ITC surpasses HUL to become the most-valued FMCG stock after 4 years
Thus far in calendar year 2023, the share price of ITC has appreciated by 48 per cent, while HUL's stock price has gained 1.3 per cent and the Sensex 8.8 per cent, respectively.
 "ITC surpasses HUL to become the most-valued FMCG stock after 4 years")
RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results
The company reported a 10.8% year-on-year dip in its consolidated net profit to Rs 16,011 crore owing to weak profitability seen in the O2C business
 "RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results")