Page 537 - Buzzing Stocks
3 Adani Group stocks hit 5% upper circuit; Adani Enterprises jumps 4%
Adani Ports said the purpose of the $130 million tender offer purchase is to partly prepay the company's near-term debt maturities and to convey the comfortable liquidity position of the company.
 "3 Adani Group stocks hit 5% upper circuit; Adani Enterprises jumps 4%")
Crompton Greaves CE tanks 13%; hits 52-week low as CEO Mathew Job resigns
Going forward, any material changes in growth outlook and improvement in margin guidance by the new management will be key monitorables for the company, ICICI Securities said in a note.
 "Crompton Greaves CE tanks 13%; hits 52-week low as CEO Mathew Job resigns")
Stocks to watch: Bajaj Auto, Nestle India, Nykaa, IndusInd Bank, Welspun
Stocks to watch today: From Bajaj Auto to Nestle India, here are top stocks to watch in Tuesday's trade
 "Stocks to watch: Bajaj Auto, Nestle India, Nykaa, IndusInd Bank, Welspun")
RBI order insures gains for HDFC Life stock; analysts see up to 83% upside
RBI's permission to increase stake in subsidiaries puts an end to the overhang on the stock, said Motilal Oswal in a note
 "RBI order insures gains for HDFC Life stock; analysts see up to 83% upside")
Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore
The stock price of PMPL has appreciated by 70 per cent from a level of Rs 1,571 touched on February 3 on the BSE
 "Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore")
RIL, ICICI Bank: Trading outlook for buzzing stocks of the day
Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.
 "RIL, ICICI Bank: Trading outlook for buzzing stocks of the day")
Wipro gains 3% as board to consider share buyback on April 27
In past one year, Wipro has underperformed the market by falling 29%, as compared to 6% rise in the S&P BSE Sensex.
 "Wipro gains 3% as board to consider share buyback on April 27")
Ircon Int'l, RVNL surge up to 10%, hit 52-week high on heavy volumes
In past one month, RVNL and Ircon International have rallied 30 per cent each at the bourses, as against nearly 4 per cent rise in the Sensex.
 "Ircon Int'l, RVNL surge up to 10%, hit 52-week high on heavy volumes")
Sun Pharma's Mohali facility to pause supplies to the US; stock dips 3%
Although the overall impact could be minimal (being an OSD facility), this may lead to stricter scrutiny for other plants, said ICICI Securities in a note.
 "Sun Pharma's Mohali facility to pause supplies to the US; stock dips 3%")
Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23
The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.
 "Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23")
Reliance Industries gains 1% post March quarter results
The company reported its highest-ever net profit during the quarter, due to a decline in raw material costs and big savings on tax expenses
 "Reliance Industries gains 1% post March quarter results")
Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma
Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session
 "Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma")
Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months
On March 31, 2023, Ramky Infra announced that Srinagar Banihal Expressway Limited (SBEL), a subsidiary of the company, has reached a debt settlement agreement with lenders
 "Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months")
Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts
Tech Mahindra's stock fell 2.6 per to its day's low of Rs 994.55 on Friday after JP Morgan downgraded the stock to 'underweight' from 'neutral', slashing its target price by 10 per cent to Rs 900
 "Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts")
Stock of this footwear company has zoomed over 100% in 9 trading days
Mirza International was locked at the 10 per cent upper circuit for the third straight day so far on Friday.
 "Stock of this footwear company has zoomed over 100% in 9 trading days")
Voda Idea soars 10% as Kumar Mangalam Birla rejoins board after two years
Birla's re-appointment on the board signals the group's commitment to the company as it continues its efforts to find an investor.
 "Voda Idea soars 10% as Kumar Mangalam Birla rejoins board after two years")
Cyient surges 9%, hits 52-week high on strong Q4 results
Overall, from a macro standpoint, the business outlook remained strong with no material impact on the BUs, except for few sub-segments, analysts said.
HCL Technologies gains 3% post March quarter results
HCL Tech's guidance of 18-19 per cent EBIT margin in FY24, despite prevailing uncertainties and larger share of cost take out deals in pipeline, suggests good cost control measures.
 "HCL Technologies gains 3% post March quarter results")
Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea
Stocks to Watch today: HCLTech reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter, down 2.8% QoQ and up 11% YoY
 "Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea")
ITC m-cap hits Rs 5-trn for the first time; stock surges 21% so far in CY23
ITC is expected to maintain its volume growth momentum in the cigarette business, given no price hikes in the near term and government curbing illicit cigarette sales
 "ITC m-cap hits Rs 5-trn for the first time; stock surges 21% so far in CY23")