Page 548 - Buzzing Stocks
Stocks to watch: Cipla, Axis Bank, PNC Infratech, RailTel, Glenmark Pharma
Stocks to watch today: From Cipla to Axis Bank, here are top stocks to watch out in Wednesday's trading session
 "Stocks to watch: Cipla, Axis Bank, PNC Infratech, RailTel, Glenmark Pharma")
Infosys hits five-month low; stock down 10% in one month
In past two days, the stock was down 4% after the company on Saturday informed to the stock exchanges that Mohit Joshi, President of the company resigned effective from March 11, 2023.
 "Infosys hits five-month low; stock down 10% in one month")
Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble
Stock market live updates: As of 7:45 am, the SGX Nifty stood at 17,208 levels, up 28-odd points
 "Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble")
Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-wk lows
Analysts said the pace of US FDA inspections has again picked-up in the last few months post Covid, and they have seen increased incidents with 483 observations and adverse outcomes
 "Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-wk lows")
Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake
Marquee investors like the Government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance and HDFC MF bought shares from Blackstone in the bulk deal.
 "Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake")
Bajaj Finance declines for fifth straight session, sheds 6% in one week
In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex
 "Bajaj Finance declines for fifth straight session, sheds 6% in one week")
Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE
The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share
 "Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE")
Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton
Stocks to watch today: From Lupin to Gail (India), here are stocks to watch out in Tuesday's trading session
 "Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton")
IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure
RBI's approval for reappointment of MD & CEO being for a lower tenure compared to board approval, which was for three years, could keep stock under pressure in near term
 "IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure")
SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit
CLOSING BELL: The Sensex and Nifty hit fresh calendar year lows in trades on Monday amid the broad-based sell-off. Reliance Industries registered 52-week low
 "SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit")
4 Adani group stocks locked in 5% upper circuits in weak market
Adani Group said it has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of 31 March 2023
 "4 Adani group stocks locked in 5% upper circuits in weak market")
YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends
Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in
 "YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends")
Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO
MOFSL believes that this is a positive for Tech Mahindra as it will help the company scale up its BFSI vertical, which has lagged peers in recent years.
 "Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO")
Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low
The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million.
 "Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low")
Mahindra CIE tanks 9% after block deal of 6.2% equity
At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.
 "Mahindra CIE tanks 9% after block deal of 6.2% equity")
Sona Comstar slumps 6% after 20% equity changes hands via block deal
At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows
Stocks to watch: Sona BLW, M&M, Tech M, DLF, BoB, Vedanta, Godrej Prop
Stocks to watch today: From Sona BLW to Bank of Baroda, here are few stocks to watch out in Monday's trade
 "Stocks to watch: Sona BLW, M&M, Tech M, DLF, BoB, Vedanta, Godrej Prop")
Tata Motors up 1% in weak market as Tata Technologies files DRHP with Sebi
This possible IPO along with the receipt of consideration of EV deal with TPG will support FCF generation from the India business to attain near debt zero in the India business, MOFSL said.
 "Tata Motors up 1% in weak market as Tata Technologies files DRHP with Sebi")
Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank
CLOSING BELL: The Nifty PSU Bank index declined 2.2 per cent, while the Nifty Bank and Private Bank indices fell 1.8 per cent each
 "Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank")
Stock of this shipping company has zoomed 32% in two days
Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis
 "Stock of this shipping company has zoomed 32% in two days")