Page 539 - Buzzing Stocks
Avalon Technologies lists on a subdued note; dips 5% from issue price
The stock dipped to a low of Rs 411 on the NSE, down 5.5 per cent when compared with the issue price of Rs 436 per share.
 "Avalon Technologies lists on a subdued note; dips 5% from issue price")
Tata Motors hits 8-month high on strong Q4 hopes; stock up 20% in 3 weeks
The stock of Tata group passenger cars & utility vehicles maker quoted at its highest level since August 19, 2022
 "Tata Motors hits 8-month high on strong Q4 hopes; stock up 20% in 3 weeks")
Stocks to Watch: Jubilant Food, Avalon Tech, Just Dial, Angel One, Hathway
Stocks to Watch today: Just dial saw a revenue growth of 39.5 per cent year-on-year to Rs 232.5 crore; Coca Cola India acquired 15% stake in Jubilant Food's associate company
 "Stocks to Watch: Jubilant Food, Avalon Tech, Just Dial, Angel One, Hathway")
PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%
At 02:23 pm, Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent
 "PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%")
Zee Entertainment falls 3% as nearly 6% equity change hands via block deals
At 9:15 am; around 54.77 million equity shares, which represented 5.7 per cent of total equity of ZEEL changed hands on the BSE
 "Zee Entertainment falls 3% as nearly 6% equity change hands via block deals")
ITC hits new high, tops Rs 400-mark; stock doubles in less than two years
FPIs have increased their stake in ITC for the third straight quarter to 12.87 per cent at the end of March 2023 quarter.
 "ITC hits new high, tops Rs 400-mark; stock doubles in less than two years")
Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout
The company has fixed Friday, April 21 as the record date for a dividend of Rs 102 per share, which includes final dividend of Rs 75 per share for 2022 and interim dividend of Rs 27 per share for 2023
 "Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout")
Nifty IT index plunges 8% after TCS, Infosys post subdued Q4FY23 results
At 09:47 am; Nifty IT index, the worst performer, down 6 per cent, as compared to 1 per cent decline in the Nifty50 index
 "Nifty IT index plunges 8% after TCS, Infosys post subdued Q4FY23 results")
Infosys tanks 12%, hits 52-week low on disappointing March quarter results
The company's performance was subdued owing to unplanned project ramp-downs and delays in decision-making by the clients.
 "Infosys tanks 12%, hits 52-week low on disappointing March quarter results")
IDBI Bank gains 10% as report says RBI has begun bid evaluation process
According to Reuters, the RBI is evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd
 "IDBI Bank gains 10% as report says RBI has begun bid evaluation process")
Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023
Thus far in CY23, the stock has outperformed the market on the expectation of a sustained healthy performance ahead, supported by a steady volume growth
 "Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023")
RBI okays re-appointment of Sanjay Agarwal as AU SFB's MD; stock surges 16%
The RBI approval removes a key overhang and will now shift the focus to the fundamental performance of the bank
 "RBI okays re-appointment of Sanjay Agarwal as AU SFB's MD; stock surges 16%")
Anand Rathi Wealth soars 6%, hits record high on strong Q4 result
Given the increase in incomes and savings, the management believes there is significant untapped market for the wealth management sector
 "Anand Rathi Wealth soars 6%, hits record high on strong Q4 result")
DLF rallies 19% in 9 days, nears 52-week high on hopes of healthy sales
Analysts anticipate residential sales momentum will remain healthy amid sustained demand and new launch offtake, despite rate hikes.
 "DLF rallies 19% in 9 days, nears 52-week high on hopes of healthy sales")
Stock of this conductor manufacturer has zoomed 100% in 2.5 months
Apar Industries hit a new high today on the favourable medium-term demand outlook with increased demand from the end-users such as the power, infrastructure, railways, defence and marine sectors.
 "Stock of this conductor manufacturer has zoomed 100% in 2.5 months")
TCS slips nearly 2% on weak management commentary post Q4 results
Management indicated weakness in the US on account of deferrals in discretionary spending from clients, with the BFS vertical being the most affected
 "TCS slips nearly 2% on weak management commentary post Q4 results")
Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%
CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19
 "Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%")
Stock of this railway wagons maker has zoomed 1,412% from March 2020 lows
Titagarh Wagons hit a new high of Rs 310, surging 8% today, after its consortium with BHEL bagged an order worth Rs 9,600 crore to supply 80 sleeper class Vande Bharat trains
 "Stock of this railway wagons maker has zoomed 1,412% from March 2020 lows")
National Fertilisers soars 9% to hit 52-week high on hopes of strong Q4FY23
The average trading volumes on the counter jumped nearly 10-fold, as around 14.35 million equity shares, which represented 3 per cent of total equity of NFL changed hands on the NSE and BSE so far
 "National Fertilisers soars 9% to hit 52-week high on hopes of strong Q4FY23")
Bajaj Auto rallies 12% in 8 trading days; stock nears record high
Analysts at Emkay Global Financial Services believe Bajaj Auto's Ebitda margin may expand 196 bps YoY in Q4FY23 due to price hikes, better mix and rupee depreciation
 "Bajaj Auto rallies 12% in 8 trading days; stock nears record high")