Page 569 - Buzzing Stocks

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

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

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.

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

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

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).

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

Rama Steel hits new high after it clocks highest-ever sales volume in Q3

In the past three months, the stock rallied 75 per cent, as against 8 per cent rise in the S&P BSE Sensex

Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%

Kotak Institutional Equities has initiated coverage on Life Insurance Corporation of India (LIC) with a 'buy' rating and a fair value of Rs 1,000

Power Finance Corporation surges 5% on heavy volumes; hits over 5-year high

In past six months, the stock has zoomed 51 per cent, as against 8 per cent gain in the S&P BSE Sensex.

PSP Projects hits record high as it emerges L1 bidder for a govt project

In the past one month, PSP Projects outperformed the market as shares surged 18 per cent, as against 3 per cent decline in the S&P BSE Sensex.

Zomato dips 4% as co-founder, CTO Gunjan Patidar quits company

Gunjan Patidar is the fourth co-founder to exit the company since 2018 and also the fourth top level exit in the company in past two months.

Jefferies turns 'positive' on Indian metals on easing Covid curbs in China

The change in stance comes after almost a year of cautionary view. The Nifty Metal index advanced over 2 per cent while shares of Tata Steel surged nearly 6 per cent

SML Isuzu hits 20% upper circuit as PV sales more-than-doubles in Dec 2022

The company's passenger vehicles sales more than doubled to 570 units in the month of December 2022, against 218 units sold in last year.

NCC soars 10% on order win worth Rs 3,601 crore in December

A major portion of the orders are from the central government/ state government and central government sponsored schemes, where the counterparty credit risk is minimal

Kalpataru Power, JMC hit 52-week highs on fixing record date for merger

Pursuant to the amalgamation scheme, JMC's shareholders (other than KPTL) will be allotted one share of KPTL against every four shares held by them in JMC.

Canara Bank hits highest level since February 2018; surges 83% in 6 months

In the past one week, it has rallied 10 per cent, as against a marginal 0.40 per cent gain in the S&P BSE Sensex

BF Investment zooms 20% as board to consider delisting plan on January 4

The promoters expressed their intention either individually or collectively, as the case may be, acquire all equity shares that are held by public shareholders.

Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841

CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.