Page 543 - Buzzing Stocks
Here's why KPIT Technologies tumbled 8% on Monday
JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share
 "Here's why KPIT Technologies tumbled 8% on Monday")
Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways
The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE
 "Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways")
Manappurm Finance hits 52-week high; up 11% in a week on improved outlook
CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.
 "Manappurm Finance hits 52-week high; up 11% in a week on improved outlook")
City gas distribution shares trade weak: MGL, IGL fall up to 6%
The government kept domestic gas prices unchanged at $8.6/mmBtu on a provisional basis from April 2023 to September 2023
 "City gas distribution shares trade weak: MGL, IGL fall up to 6%")
ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut
Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said
 "ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut")
Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns
The company has appointed Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company
 "Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns")
Stocks to Watch: Tata Motors, ONGC, Maruti, HAL, RVNL, HG Infra, JSW Energy
Stocks to Watch: Oil related stocks like ONGC/Oil India/RIL/ refiners will be in focus as crude jumped 8 per cent following a surprise output cut by the OPEC+
 "Stocks to Watch: Tata Motors, ONGC, Maruti, HAL, RVNL, HG Infra, JSW Energy")
RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger
The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.
 "RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger")
Sensex soars 1,031 pts, ends FY23 0.7% up; Nifty regains 17,350; RIL shines
CLOSING BELL: Nestle India, Infosys and ICICI Bank were the other major gainers among the Sensex 30 on Friday, up over 3 per cent each.
 "Sensex soars 1,031 pts, ends FY23 0.7% up; Nifty regains 17,350; RIL shines")
Vedanta slips 2% in a strong market after nearly 2% equity changes hands
A combined 69 million shares, representing 1.86 per cent of total equity of Vedanta, have changed hands on the NSE and BSE so far
 "Vedanta slips 2% in a strong market after nearly 2% equity changes hands")
Astec Lifesciences zooms 37% in two days on heavy volumes
With the rally in the past two days, the stock has bounced back 40 per cent from its 52-week low of Rs 1,050 touched recently on Tuesday, March 28
 "Astec Lifesciences zooms 37% in two days on heavy volumes")
VA Tech Wabag rallies 9% after it bags new order worth Rs 4,400 crore
As of December 31, 2022, VA Tech Wabag has an order book of over Rs 10,000 crore, that includes framework contracts, with 3 times revenue visibility
 "VA Tech Wabag rallies 9% after it bags new order worth Rs 4,400 crore")
Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook
The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.
 "Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook")
Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%
The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.
 "Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%")
Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL
Stocks to watch today: From Reliance Industries to Hero MotoCorp, here are stocks to watch in Friday's trading session
 "Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL")
Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%
CLOSING BELL: Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners
 "Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%")
Bharti Airtel falls 3% in two days; stock nears 6-month low
Thus far in the calendar year 2023, Bharti Airtel has tumbled 9%, as compared to 6% decline in the S&P BSE Sensex and 13% fall in Reliance Industries' shares
 "Bharti Airtel falls 3% in two days; stock nears 6-month low")
This smallcap aerospace & defense stock has zoomed 73% thus far in 2023
Zen Technologies believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training.
 "This smallcap aerospace & defense stock has zoomed 73% thus far in 2023")
South Indian Bank plunges 17% as MD & CEO opts out of reappointment
The board said it considered the request of Murali Ramakrishnan, Managing Director & CEO, not to offer himself for re-appointment due to personal reasons/family circumstances.
 "South Indian Bank plunges 17% as MD & CEO opts out of reappointment")
Symphony slips 7% as stock trades ex-date for share buyback
The board, at its meeting held February 08, 2023, had approved and announced share buyback up to Rs 200 crore at a share price of Rs 2,000 per share via tender offer
 "Symphony slips 7% as stock trades ex-date for share buyback")