Page 565 - Buzzing Stocks
High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY
Higher advertising spends coupled with inflationary pressures, analysts said, are likely to squeeze EBITDA margins up to 154 basis points (bps) YoY to 23.9 per cent in Q3FY23
 "High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY")
Stock of this iron & steel products company zoomed 50% in one month
The stock price of Usha Martin surged 8% to Rs 198.75 on the BSE in the intra-day trade on Wednesday after 5.64 million equity shares had changed hands till 2:00 PM
 "Stock of this iron & steel products company zoomed 50% in one month")
Eureka Forbes hits record high; rallies 20% in 3 weeks on healthy outlook
Despite inflationary pressures, the consumer durables market is expected to witness robust demand, owing to the increasing need for premium products
 "Eureka Forbes hits record high; rallies 20% in 3 weeks on healthy outlook")
HDFC Bank, HDFC extend gains; advance over 3% in two trading days
In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE Sensex
 "HDFC Bank, HDFC extend gains; advance over 3% in two trading days")
Landmark Cars surges 7%, hits new high on strong business update
The company said it witnessed a strong revenue growth, with multiple tailwinds in the form of rising income levels, new models launches by our partner OEM and changing lifestyle preferences
 "Landmark Cars surges 7%, hits new high on strong business update")
Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month
Adani Enterprises is planning to launch its Rs 20,000-crore follow-on public offer (FPO) before the Union Budget on February 1
 "Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month")
ICICI Lombard slips 6% on disappointing Q3 results
ICICI Lombard delivered weaker-than-expected performance in Q3FY23 on all counts - weaker premium, lower investment income, and higher expense ratio, Motilal Oswal Financial Services said
 "ICICI Lombard slips 6% on disappointing Q3 results")
Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL
Stocks to watch today: Tata Metaliks reported a sharp fall of 73 per cent in its December quarter net profit at Rs 9.48 crore, on account of increased expenses
 "Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL")
Rebound in power demand to fire up related stks over medium-term: Analysts
On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows
 "Rebound in power demand to fire up related stks over medium-term: Analysts")
Federal Bank declines 5% on profit booking post strong Q3FY23
In the past six months, the stock of Federal Bank rallied 40 per cent, as compared to 12 per cent rise in the S&P BSE Sensex
 "Federal Bank declines 5% on profit booking post strong Q3FY23")
L&T hits record high on hopes of strong order inflows, stock rises 4%
The stock of engineering & construction company surpassed its previous high of Rs 2,210.50, which it had touched on December 16, 2022
 "L&T hits record high on hopes of strong order inflows, stock rises 4%")
Nykaa hits new low; stock plunges 10% in two days on heavy volumes
Festivities in Q3FY23 did bring some cheer to internet companies but the mood remains relatively sombre with inflationary macroeconomic environment denting demand uptick, according to analysts
 "Nykaa hits new low; stock plunges 10% in two days on heavy volumes")
Speciality Restaurants hits new high ahead of EGM; zooms 41% in one month
On December 21, the board approved an issue of 6 million warrants, each convertible into 1 equity share of the company at a price of Rs 212.05 to allottees other than promoters
 "Speciality Restaurants hits new high ahead of EGM; zooms 41% in one month")
Indus Towers hits 52-week low in firm market; slips 10% in one month
Analysts at BNP Paribas believe an improvement in long-term revenue visibility from Vodafone Idea can result in further increase in earnings estimates as well as valuation multiple of Indus Towers
 "Indus Towers hits 52-week low in firm market; slips 10% in one month")
Avenue Supermarts slips 6%, hits over 6-month low post Q3 results
In Q3FY23, earnings before interest, taxes, depreciation, and amortization margins declined by 100 bps YoY to 8.6 per cent from 9.6 per cent in Q3FY22
 "Avenue Supermarts slips 6%, hits over 6-month low post Q3 results")
This packaged food company's share price has zoomed over 100% in 3 weeks
Shares of Lotus Chocolate hit a new high of Rs 209.90 today. They were locked at 5 per cent upper circuit for 16th straight day
Just Dial freezes at 10% upper circuit as profit soars 3x in December qtr
In Q3FY23, Just Dial's Ebitda margin improved by 400 bps QoQ aided by growth in revenue to 12.3 per cent with an Ebitda of Rs 27.3 crore while adjusted Ebitda excluding ESOP was Rs 29.4 crore.
 "Just Dial freezes at 10% upper circuit as profit soars 3x in December qtr")
PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%
Motilal Oswal Financial Services believes that sustained and consistent performance on delivering healthy return ratios can result in further re-rating of the stocks.
 "PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%")
Sula Vineyards soars 10% on heavy volumes post Q3 sales update
The company said it recorded highest-ever quarterly gross billings overall, both for its own brands as well as wine tourism revenues in Q3FY23.
 "Sula Vineyards soars 10% on heavy volumes post Q3 sales update")
L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results
After the divestment of the mutual fund business, LTFH has proposed merger of its subsidiary lending entities - L&T Finance and L&T Infra Credit with itself
 "L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results")