Page 536 - Buzzing Stocks
Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects
The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices
 "Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects")
L&T Technology Services soars 8% on healthy Q4 results, strong outlook
For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus.
 "L&T Technology Services soars 8% on healthy Q4 results, strong outlook")
GAIL, BEL, GMDC: Bullish PSU stocks may see up to 20% upside
Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.
 "GAIL, BEL, GMDC: Bullish PSU stocks may see up to 20% upside")
ITC extends rally, hits new high; surges 25% so far in calendar year 2023
Thus far in calendar year 2023, ITC surpassed Infosys, HDFC, SBI, Bharti Airtel, Adani Enterprises and Life Insurance Corporation of India (LIC) in market-cap ranking.
 "ITC extends rally, hits new high; surges 25% so far in calendar year 2023")
Raymond soars 9%, hits new peak on Godrej Consumer Products deal buzz
According to an ET report, Godrej Consumer Products was in advanced talks for a deal with Raymond for its consumer care business that includes the Park Avenue male grooming brand and Kamasutra condom.
 "Raymond soars 9%, hits new peak on Godrej Consumer Products deal buzz")
KPIT Technologies rallies 11% in 2 days, hits new high on strong Q4 results
For FY24 the company has guided CC revenue growth of 27-30 per cent & EBITDA margin of 19-20 per cent.
 "KPIT Technologies rallies 11% in 2 days, hits new high on strong Q4 results")
City Union Bank surges 10% on re-appointment of N Kamakodi as MD & CEO
In the past six months, City Union Bank has underperformed the market by falling 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex
 "City Union Bank surges 10% on re-appointment of N Kamakodi as MD & CEO")
Stocks to watch: Wipro, HUL, Axis Bank, Bajaj Finance, Tata Power, Abbott
Stocks to watch today: From Hindustan Unilever to Wipro, here are top stocks to watch in Thursday's trading session
 "Stocks to watch: Wipro, HUL, Axis Bank, Bajaj Finance, Tata Power, Abbott")
Siemens hits record high; stock surges 22% thus far in calendar year 2023
Last week, Siemens, as part of a consortium along with Rail Vikas Nigam Limited, received two separate orders from Gujarat Metro Rail Corporation
 "Siemens hits record high; stock surges 22% thus far in calendar year 2023")
Stock of this digital transformation solutions provider soars 33% in 2 days
Thus far in the current calendar year 2023, the stock price of Saksoft has nearly doubled or zoomed 99 per cent, as compared to 2 per cent decline in the S&P BSE Sensex.
Ipca Labs plunges 16% in two days; hits 3-year low on Unichem stake buy
The acquisition will allow Ipca to re-enter US formulation generic market, however at 2.3x sales, as acquisition cost is expensive, given challenges and uncertainty associated with US market.
 "Ipca Labs plunges 16% in two days; hits 3-year low on Unichem stake buy")
Triveni Turbine surges 4%, nears record high on healthy business outlook
ICRA upgraded the long-term rating of the bank facilities of TTL on expectation of improvement in revenues, operating profits, and robust debt coverage metrics in FY2023-FY2024
 "Triveni Turbine surges 4%, nears record high on healthy business outlook")
New dividend, bonus share policy to create value for Gujarat PSUs: Analysts
Analysts believe the move will create shareholder value
 "New dividend, bonus share policy to create value for Gujarat PSUs: Analysts")
Stocks to watch: Maruti, Bajaj Finance, Glenmark Pharma, IHCL, Raymond
Stocks to watch today: From Maruti Suzuki to Bajaj Finance, here are top stocks to watch in Wednesday's trade
 "Stocks to watch: Maruti, Bajaj Finance, Glenmark Pharma, IHCL, Raymond")
Rail Vikas Nigam zooms 20% after 12% equity changes hand on the NSE
Till 02:58 PM; around 251 million equity shares representing 12 per cent of total equity of RVNL had changed hands on the NSE, the exchange data shows.
 "Rail Vikas Nigam zooms 20% after 12% equity changes hand on the NSE")
Nykaa slips 3%, hits new low on heavy volumes; down for 5th straight day
Average trading volumes on the counter nearly doubled with a combined around 11 million equity shares having changed hands on the NSE and BSE so far
 "Nykaa slips 3%, hits new low on heavy volumes; down for 5th straight day")
PSBs extend gains on hopes of firm Q4; Nifty PSB index zooms 13% in 1 month
Among the individual stocks, Indian Bank and Uco Bank were up 3 per cent, Bank of Baroda, Indian Overseas Bank, Central Bank of India, Canara Bank and State Bank of India were up 2 per cent on the NSE
 "PSBs extend gains on hopes of firm Q4; Nifty PSB index zooms 13% in 1 month")
Escorts, Bank of India: Select midcap stocks are poised for up to 20% gains
Zydus Lifesciences, in particular, has been scaling 52-week highs with momentum staying highly elevated. Also, Aurobindo Pharma shares have seen a steeper rise, with aggressive chart structures.
 "Escorts, Bank of India: Select midcap stocks are poised for up to 20% gains")
Stock of this speciality chemical nearly doubled in less than 3 months
Shares of Anupam Rasayan hit all-time high of Rs 1,131 in intra-day trade today, zoomed 98% from level of Rs 570 on February 3, 2023.
Ipca Labs dips 9%, hits 52-wk low on plan to buy 33.4% stake in Unichem Lab
Brokerages believe the acquisition is expensive, given increased competition in the US generics oral solids space, rising regulatory risks and strong efforts needed to turnaround Unichem Labs