Page 508 - Buzzing Stocks
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")
Stocks to Watch: RIL, ICICI Bank, Paytm, IGL, Biocon, YES Bank, Cyient DLM
Stocks to Watch on July 24, 2023: Tata Steel, HDFC AMC, Canara Bank, IDBI Bank, TVS Motor will announce their Q1 results today
 "Stocks to Watch: RIL, ICICI Bank, Paytm, IGL, Biocon, YES Bank, Cyient DLM")
Print media shares in focus; DB Corp, HT Media, Jagran rally up to 18%
The print sector has been on the uptrend over the past few months and this is likely to continue on the back of strong advertising revenues, driven by elections, government spending etc.
 "Print media shares in focus; DB Corp, HT Media, Jagran rally up to 18%")
Talbros Automotive zooms over 100% since April; board to mull stock split
The company said its board will meet on August 8, 2023 to consider sub-division/splitting its existing equity shares
 "Talbros Automotive zooms over 100% since April; board to mull stock split")
United Spirits rallies 7%; hits record high on healthy Q1 performance
In Q1FY24, the company's EBITDA jumped 84 per cent YoY to Rs 385 crore, margins expanded 638 bps to 17.7 per cent.
 "United Spirits rallies 7%; hits record high on healthy Q1 performance")
Utkarsh Small Finance Bank makes solid debut with 60% listing gains
Shares of Utkarsh Small Finance Bank listed at Rs 40, a 60 per cent premium over its issue price of Rs 25 per share on the National Stock Exchange (NSE) on Friday
 "Utkarsh Small Finance Bank makes solid debut with 60% listing gains")
L&T gains 3%; hits new high as board to mull buyback, special dividend
The civil construction major announced its board will meet on July 25 to consider share buyback and special dividend.
 "L&T gains 3%; hits new high as board to mull buyback, special dividend")
Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF
Stocks to watch on July 21, 2023: From Reliance Industries to Infosys, check out the top stocks to watch in Friday's trading session
 "Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF")