Page 562 - Buzzing Stocks
Reliance Industries hits 10-month low, stock slips 15% since December
The stock dipped 3% to Rs 2,312 per share and traded trading at its lowest level since March 2022.
 "Reliance Industries hits 10-month low, stock slips 15% since December")
Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows
Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows
 "Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows")
ITC gains nearly 3%, hits over two-month high in weak market
Brokerages expect strong growth for ITC's FMCG business led by price hikes, strong traction in discretionary categories (due to high mobility) & strong growth in education & stationary business.
 "ITC gains nearly 3%, hits over two-month high in weak market")
Adani Group stocks sink up to 20%; CLSA sees limited risk to banks
Shares of the group's flagship company Adani Enterprises tumbled 6.2 per cent, while those of Adani Green and Adani Total Gas declined 15.5 per cent and 19.6 per cent, respectively
 "Adani Group stocks sink up to 20%; CLSA sees limited risk to banks")
Banks under pressure; Nifty Bank, PSU Bank indices crack up to 5% in 2 days
Global broking and research firm CLSA said on Thursday, that the Adani Group poses no "significant downside risk" to Indian banks.
 "Banks under pressure; Nifty Bank, PSU Bank indices crack up to 5% in 2 days")
Tata Motors surges 6%, hits over 4-month high on strong Q3 performance
Tata Motors will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in both JLR and India ops, Motilal Oswal said in a note.
 "Tata Motors surges 6%, hits over 4-month high on strong Q3 performance")
Stocks to Watch: Adani Group, Tata Motors, Dr.Reddy's, DLF, Airtel, IGL
Stocks to Watch: Adani Enterprises FPO and Earthstahl & Alloys IPO opens for subscription on Friday. Shares of Adani Group companies also likely to be in focus amid the Hindenburg controversy.
 "Stocks to Watch: Adani Group, Tata Motors, Dr.Reddy's, DLF, Airtel, IGL")
Pidilite Industries dips 3%, hits six-month low on disappointing Q3 results
Ebitda remained under pressure due to higher input costs and impact of currency depreciation, the company said
 "Pidilite Industries dips 3%, hits six-month low on disappointing Q3 results")
Stock of this iron & steel company has zoomed 54% in 1 month; hits new high
In the past three months, stock price of Sunflag Iron & Steel has zoomed nearly 80 per cent, as compared to 1 per cent gain in the benchmark index.
 "Stock of this iron & steel company has zoomed 54% in 1 month; hits new high")
Zomato plunges 15%, hits lowest level since July 2022 on heavy volumes
In the past three months, the stock price of Zomato has tanked 31 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex
 "Zomato plunges 15%, hits lowest level since July 2022 on heavy volumes")
Chart: 15 stocks in Nifty 500 continue to rise despite volatile sentiment
Volumes spurt were significantly higher during strong positive closes than during negative sessions.
 "Chart: 15 stocks in Nifty 500 continue to rise despite volatile sentiment")
TVS Motor gains 3% in weak market on stable Q3 performance
Domestic demand is expected to improve sequentially in 4Q, supported by better rural market sentiment on the back of strong rabi crop sowing and higher MSPs.
 "TVS Motor gains 3% in weak market on stable Q3 performance")
Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3
The loss in the books was a result of adoption of stringent accounting practices by the Company due to continued shortfall in collections from one of the major customers, the company said.
 "Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3")
Stocks to Watch: Maruti, TVS Motor, Coffee Day, Indus Towers, SBI Card, IOC
Stocks to Watch: Bajaj Auto, Cipla, Dr.Reddy's, Tata Elxsi and Tata Motors are some of the prominent companies to announce Q3 results on Wednesday.
 "Stocks to Watch: Maruti, TVS Motor, Coffee Day, Indus Towers, SBI Card, IOC")
PG Electroplast soars 8%, hits new high on strong business outlook
For FY23, the company has maintained sales guidance of Rs 1,800 crore, up 64 per cent over FY22
 "PG Electroplast soars 8%, hits new high on strong business outlook")
IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
 "IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week")
Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts
Bajaj Auto Q3 preview: As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY23
 "Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts")
Tata Motors gains 4% on heavy volumes; stock surges 12% in one month
Tata Motors and its wholly-owned subsidiary JLR to report December quarter results on Wednesday, January 25, 2023.
 "Tata Motors gains 4% on heavy volumes; stock surges 12% in one month")
Gravita India surges 8% to hit record high after strong Q3 results
Analysts at ICRA believe that the company's credit profile is likely to improve in the near term, supported by higher share of value-added products and healthy volumetric growth
 "Gravita India surges 8% to hit record high after strong Q3 results")
Profit-booking in Axis Bank after strong Q3 results, stock slumps 2%
With Tuesday's decline, the stock price of Axis Bank corrected 6 per cent from its record high level of Rs 970.45, which it had touched on January 4, 2023
 "Profit-booking in Axis Bank after strong Q3 results, stock slumps 2%")