Page 513 - Buzzing Stocks
JBM Auto cracks 15% as investors book profit after a 51% rally in 12 days
In the last session on July 5, JBM Auto had hit a 52-week high of Rs 1,517.5 per share. On a year-to-date basis, the share has more than doubled investors' wealth with a whopping rally of 190%
 "JBM Auto cracks 15% as investors book profit after a 51% rally in 12 days")
OMCs log 52-week high on fund raising plan; HPCL, BPCL, IOC gain up to 4%
Fitch ratings have said that announcements of plans to raise equity capital by BPCL and IOC should strengthen their capex spending and the credibility of their emission-reduction plans.
 "OMCs log 52-week high on fund raising plan; HPCL, BPCL, IOC gain up to 4%")
Eicher Motors extends fall, hits over 2-month low; down 11% in 3 days
Bajaj Auto and British motorcycle brand Triumph on Wednesday launched co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India.
 "Eicher Motors extends fall, hits over 2-month low; down 11% in 3 days")
DCB Bank surges 8% as RBI allows Tata MF for raise stake up to 7.5%
The Reserve Bank of India has granted its approval to Tata Asset Management Company (AMC) to increase stake in the private sector lender up to 7.5 per cent.
 "DCB Bank surges 8% as RBI allows Tata MF for raise stake up to 7.5%")
BHEL rallies 12% to hit 52-week high post extension of GT deal with GE Tech
So far this calendar year 2023 (CY23), shares of BHEL soared over 17 per cent, as against 7 per cent rise in the S&P BSE Sensex
 "BHEL rallies 12% to hit 52-week high post extension of GT deal with GE Tech")
Hero MotoCorp surges 9% in 2 days; drives past TVS Motor in mcap ranking
At 12:58 PM; Hero MotoCorp's m-cap stood at Rs 63,076 crore as compared to TVS Motors's m-cap of Rs 62,000 crore, the BSE data shows
 "Hero MotoCorp surges 9% in 2 days; drives past TVS Motor in mcap ranking")
ITC trades higher for fifth straight day; surges 3% in subdued market
ITC's market cap touched Rs 5.96 trillion in intra-day trade, less than 1 per cent shy from hitting the milestone of Rs 6 trillion mark.
 "ITC trades higher for fifth straight day; surges 3% in subdued market")
Trading strategies for 2-wheeler stocks post Hero Moto-Harley Davidson deal
Barring Eicher Motors, which is presently struggling near its 200-DMA; Bajaj-Auto, TVS Motor and Hero MotoCorp may rally up to 15%
LTIMindtree hits 52-week high; gains 3% on scheduled Nifty 50 inclusion
Thus far in the calendar year 2023, LTIMindtree has outperformed the market by surging 23%, as against 6.5% rise in the Nifty 50 and 5% gain in HDFC.
 "LTIMindtree hits 52-week high; gains 3% on scheduled Nifty 50 inclusion")
This smallcap company stock has zoomed nearly 100% in 6 weeks
In past two trading days, the stock of Genus Power has rallied 30% after signing definitive agreements with Gem View Investment, an affiliate of GIC, Singapore.
 "This smallcap company stock has zoomed nearly 100% in 6 weeks")
Samvardhana Motherson surges 8% on deal to acquire Honda's 4W component biz
As a part of the overall transaction, the 2W business (housed under Goshi Giken) will be transferred to Honda Motor before Motherson acquires 81 per cent stake in Yachiyo's 4W business
 "Samvardhana Motherson surges 8% on deal to acquire Honda's 4W component biz")
Eicher Motors cracks 6% as Hero Moto-Harley Davidson tie up for X440 bike
Priced at Rs 2.29 lakh, X440 motorbike will directly compete with Eicher Motors' Royal Enfield Classic 350's starting price of Rs 1.93 lakh and the Hunter 350's Rs 1.5 lakh
 "Eicher Motors cracks 6% as Hero Moto-Harley Davidson tie up for X440 bike")
HPL Electric & Power surges 18% on bagging smart meter orders of Rs 903 cr
HPL said these orders further bolster the company's total pending pipeline order book, now totaling Rs 2250 plus crore
 "HPL Electric & Power surges 18% on bagging smart meter orders of Rs 903 cr")
Genus Power Infra zooms 15% on order win worth Rs 2,207 crore
The company said it has received a letter of award (LoA) of Rs 2,207.53 crore for appointment of Advanced Metering Infrastructure Service Provider (AMISP)
 "Genus Power Infra zooms 15% on order win worth Rs 2,207 crore")
HMA Agro makes decent debut; stock lists at 7% premium over issue price
Post listing, the stock hit a high of Rs 667, up 14 per cent when compard with its issue price of Rs 585 per share on the NSE.
 "HMA Agro makes decent debut; stock lists at 7% premium over issue price")
Bajaj Finance soars 8%, hits 52-week high on strong Q1 business update
Assets under management (AUM) grew by 32 per cent to approximately Rs 2.7 trillion at the end of the June quarter
 "Bajaj Finance soars 8%, hits 52-week high on strong Q1 business update")
IDFC surges 5%, IDFC First Bank slips 3% after board approves merger
Shareholders of IDFC Ltd will get 155 shares of IDFC First Bank for every 100 shares held in the former
 "IDFC surges 5%, IDFC First Bank slips 3% after board approves merger")
Sensex ends above 65,000, Nifty 19,300 for the first time; RIL zooms 2.5%
Closing Bell on July 3, 2023: The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points. The broader Nifty50, meanwhile, zoomed 141 points to 19,330
 "Sensex ends above 65,000, Nifty 19,300 for the first time; RIL zooms 2.5%")
Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%
In the past two trading days, the Nifty PSU Bank index has rallied 6 per cent
 "Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%")
OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs
In the past one-year, shares of OMCs have risen between 18 per cent and 28 per cent on the back of a fall in crude oil prices. Brent crude prices have corrected 20 per cent in the past one year
 "OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs")