Page 532 - Buzzing Stocks
SCI soars 8% on near 3-fold jump in Q4 net
The shipping major reported a 183.9 per cent jump in Q4FY23 net profit to Rs 359.83 crore when compared with Rs 126.74 crore in Q4FY22
 "SCI soars 8% on near 3-fold jump in Q4 net")
Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel
Stocks to Watch today: In a major blow, lessors have approached aviation regulator DGCA for deregistration of three planes of SpiceJet
 "Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel")
Stock of this iron & steel products company has zoomed 102% in six weeks
Till 02:48 PM; a combined 9.8 million equity shares or 6.5 per cent of total equity of the company changed hands on the NSE and BSE.
 "Stock of this iron & steel products company has zoomed 102% in six weeks")
Birlasoft soars 9% on heavy volumes post better-than-expected Q4 results
Deal signings during the quarter at $286 million TCV have been the best during the year under review, Birlasoft said
 "Birlasoft soars 9% on heavy volumes post better-than-expected Q4 results")
IHCL, Kamat: Hotel stocks at 52-week high; check out the trading strategies
Shares of Kamat Hotels India are on the course to double this year, while Royal Orchid Hotels and Oriental Hotels have both gained 30 per cent each.
 "IHCL, Kamat: Hotel stocks at 52-week high; check out the trading strategies")
BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex
ABB, Alkem Lab, AU SFB, Cholamandalam Investment, Glenmark Pharma, IDFC First Bank, IGL, Indian Hotels, M&M Financial and Varun Beverages (VBL) hit their respective 52-week highs on the BSE.
 "BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex")
Apar Industries slips 18% on profit booking posts Q4 results
In past one year, the stock zoomed 341 per cent, as against 14 per cent rise in the S&P BSE Sensex.
 "Apar Industries slips 18% on profit booking posts Q4 results")
Mankind Pharma lists at 20% premium; should you buy, sell, or hold?
Shares of Mankind listed at Rs 1,300, a 20 per cent premium over its issue price of Rs 1,080 on the National Stock Exchange (NSE) and the BSE
 "Mankind Pharma lists at 20% premium; should you buy, sell, or hold?")
Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4
The board recommended a final dividend of Rs 16 per equity share having face value of Rs 10 each (i.e. 160 per cent) for FY23.
 "Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4")
Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus
The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.
 "Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus")
Kansai Nerolac, Canara Bank, Mankind Pharma among top stocks to watch today
Stock to Watch on Tuesday, May 9: Canara Bank's net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore in Q4FY23
 "Kansai Nerolac, Canara Bank, Mankind Pharma among top stocks to watch today")
This smallcap glass container firm has made investors richer by 5x in 5 yrs
Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock's 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent)
 "This smallcap glass container firm has made investors richer by 5x in 5 yrs")
Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23
The company's March quarter net profit more-than-halved, dropping 54.6 per cent, to Rs 69.56 crore on a year-on-year (YoY) basis
 "Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23")
MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%
The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month
 "MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%")
Marico zooms 9% on steady Q4 performance; brokerages upgrade stock
Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'.
 "Marico zooms 9% on steady Q4 performance; brokerages upgrade stock")
Equitas Small Finance Bank zooms 8% on solid March quarter results
Equitas SFB reported a 58 per cent jump in its net profit for the March quarter at Rs 190 crore, which was the lender's highest-ever profit
 "Equitas Small Finance Bank zooms 8% on solid March quarter results")
Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target
The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter.
 "Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target")
Coal India down 3% as Q4 net drops on higher wages; analysts remain divided
Coal India set aside a provision of Rs 5,870.16 crore towards wages
 "Coal India down 3% as Q4 net drops on higher wages; analysts remain divided")
Paytm, ABFRL, Coal India, BoI, Adani Power among top stocks to watch today
Stocks to Watch on May 8:Paytm's loss narrowed to Rs 168 crore from Rs 763 crore in the year-ago period.
 "Paytm, ABFRL, Coal India, BoI, Adani Power among top stocks to watch today")
Federal Bank slumps 8% despite record profit of Rs 903 cr in Q4; here's why
Net interest margin (NIM) contracted to 3.31 per cent vs 3.49 per cent QoQ
 "Federal Bank slumps 8% despite record profit of Rs 903 cr in Q4; here's why")