Page 568 - Buzzing Stocks
Landmark Cars hits new high after weak debut; surges 17% in two days
With last two days' gains, Landmark Cars is now trading 15% higher against its issue price of Rs 506 per share. It has and bounced 34% from its low of Rs 433.20 touched on December 26
 "Landmark Cars hits new high after weak debut; surges 17% in two days")
IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'
At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as co-promoters.
 "IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'")
Stock of this SME company has zoomed 70% in 10 days after a stellar debut
According to NITI Aayog, India's UAV market is expected to expand to $50 billion over the next 15 years as drones are projected to substitute 80 per cent of operations carried out by manned aircraft
 "Stock of this SME company has zoomed 70% in 10 days after a stellar debut")
Speciality Restaurants soars 20% in 2 days; hits record high in weak market
In past six months, the stock has rallied 122 per cent, as against 12 per cent rise in the S&P BSE Sensex.
 "Speciality Restaurants soars 20% in 2 days; hits record high in weak market")
Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus
The board of directors of the company had fixed Friday, January 6, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares.
 "Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus")
Day after lower AUM number, Bajaj Finance shares tumble 8%
Bajaj Finance acquired 3.1 million new customers (v/s 2.6 million acquired in Q2FY23). The new customer acquisition run-rate was healthy in Q3FY23.
 "Day after lower AUM number, Bajaj Finance shares tumble 8%")
Stock price of this SME company has zoomed 311% against its issue price
Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period.
 "Stock price of this SME company has zoomed 311% against its issue price")
Apar Industries hits new high; zooms 98% in 6 months on positive outlook
In the past one year, the stock has skyrocketed 145 per cent, as against a marginal 0.24 per cent rise in the S&P BSE Sensex
 "Apar Industries hits new high; zooms 98% in 6 months on positive outlook")
IRB Infra dips 4% on profit-booking; board approves 1:10 stock split
Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.
 "IRB Infra dips 4% on profit-booking; board approves 1:10 stock split")
Tyre stocks in demand; TVS, JK Tyre, Apollo, Balkrishna, MRF rally up to 7%
Tyre stocks surged in an otherwise subdued market on expectation of margins improvement amid falling raw material price
 "Tyre stocks in demand; TVS, JK Tyre, Apollo, Balkrishna, MRF rally up to 7%")
BF Investment hits 10% lower circuit as board defers delisting proposal
The stock had hit a multi-year high of Rs 462.10 on Wednesday, ahead of the board meeting, after it surged 58 per cent in four days
 "BF Investment hits 10% lower circuit as board defers delisting proposal")
Mahindra Finance gains 3% as RBI lifts ban on outsourcing loan recovery
On September 22, 2022, the RBI had directed company to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.
 "Mahindra Finance gains 3% as RBI lifts ban on outsourcing loan recovery")
Stocks to Watch: Bajaj Finance, Marico, M&M Fin, IRB Infra, Adani Ports
Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million
 "Stocks to Watch: Bajaj Finance, Marico, M&M Fin, IRB Infra, Adani Ports")
IndusInd Bank slips 5% in a weak market despite strong Q3 update
While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per cent
 "IndusInd Bank slips 5% in a weak market despite strong Q3 update")
TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market
Indian electronics industry is estimated to grow at a CAGR of 25 per cent from Rs 8.72 trillion in FY21 to Rs 26.5 trillion in FY25, the company said
Stock of this private defense company has zoomed 170% in 6 months
In the past three months, the stock of Apollo Micro Systems has outperformed market as shares surged 75 per cent, as against 4.8 per cent rise in the S&P BSE Sensex.
 "Stock of this private defense company has zoomed 170% in 6 months")
Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz
The BSE had sought clarification from Orient Cement on January 3, 2023, regarding reports stating that Adani Group was in talks to buy promoter stake In the company
 "Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz")
Radiant Cash makes a decent debut, lists at 10% premium to its issue price
Post listing, the stock moved higher to Rs 110, 17 per cent higher over its issue price of Rs 94 per share on the NSE
 "Radiant Cash makes a decent debut, lists at 10% premium to its issue price")
Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan
RBI gave approval to SBI Funds Management Limited (SBIFML) to acquire up to 9.99 per cent of the paid-up equity capital of the Bank through the schemes of SBI Mutual Fund (SBIMF).
 "Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan")
Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval
Once RNAVAL is acquired, the company will have a new and robust sector at its behest, the company's management said
 "Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval")