Page 672 - Buzzing Stocks
Bata India at record high, up 4% on institutional buying, revival hopes
Domestic investors have hiked stake in the company by 243 basis points (bps) to 17.88 per cent, while foreign shareholding increased marginally to 5.35 per cent at the end of June 2021 quarter
 "Bata India at record high, up 4% on institutional buying, revival hopes")
Mastek tanks 15% on muted September quarter results
In Q2, the company's net profit remained flat at Rs 81.5 crore as against Rs 80.2 crore in June quarter of FY22
 "Mastek tanks 15% on muted September quarter results")
Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm
Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today
 "Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm")
TTK Prestige zooms 20%, hits record high as board to consider stock split
A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity
 "TTK Prestige zooms 20%, hits record high as board to consider stock split")
IRCTC m-cap surpasses Rs 1-trillion; stock zooms 293% in 6 months
At 09:32 am, IRCTC was trading 6.9 per cent higher at Rs 6,283.50, with a market-cap of Rs 100,612 crore
 "IRCTC m-cap surpasses Rs 1-trillion; stock zooms 293% in 6 months")
L&T Group shares in demand; L&T hits record high, LTI soars 16%
L&T, on Monday, emerged as the lowest bidder for the construction and maintenance of the first three buildings of the Common Central Secretariat under the Central Vista redevelopment project
 "L&T Group shares in demand; L&T hits record high, LTI soars 16%")
L&T Infotech surges 10%, nears record high on robust Q2 results
The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter
 "L&T Infotech surges 10%, nears record high on robust Q2 results")
Indian Energy Exchange soars 20%, hits new high on bonus issue buzz
The board of directors of the company at their meeting scheduled on October 21, 2021, would consider the proposal for declaration of bonus issue of equity shares
 "Indian Energy Exchange soars 20%, hits new high on bonus issue buzz")
Stocks to Watch: HUL, ACC, Airtel, L&T Infotech, SBI, RIL, Adani Ports, IEX
L&T Infotech and UltraTech Cement are likely to react to Q2 numbers this morning, while focus shall also be on Hindustan Unilever, ACC and other stocks ahead of September quarter results
 "Stocks to Watch: HUL, ACC, Airtel, L&T Infotech, SBI, RIL, Adani Ports, IEX")
Balrampur Chini, Triveni, EID Parry at record high; stocks soar up to 20%
According to ICRA, sugar companies are expected to strengthen in FY2022 with expansion in operating profits in addition to sugar inventory reduction and hence curtailment of working capital debt.
 "Balrampur Chini, Triveni, EID Parry at record high; stocks soar up to 20%")
Paras Defence shares zoom 20% on transfer from T group to rolling segment
The board has also approved incorporation of an Associate Company in association with Krasny Defence, who is prominent player in the field of defence equipment maintenance and wholesome refits of ICGS
 "Paras Defence shares zoom 20% on transfer from T group to rolling segment")
HCL Tech slips 2% on profit booking post September quarter results
With today's decline, the stock has now corrected 11 per cent from its record high level of Rs 1,377 touched on September 24, 2021
 "HCL Tech slips 2% on profit booking post September quarter results")
Shares of this defunct Tata Steel arm have gained 100% in 7 trading days
Tayo Rolls hit an over 10-year high of Rs 118.30, up 10 per cent on the BSE on Monday, on the back of heavy volumes
PNB Housing hits 5% lower circuit on calling-off Rs 4,000 cr Carlyle deal
The board of PNB Housing Finance has decided not to proceed with a preferential issue of shares to investors led by Carlyle after the plan was delayed due to pending legal proceedings.
 "PNB Housing hits 5% lower circuit on calling-off Rs 4,000 cr Carlyle deal")
Metal index hits record high; Hindustan Zinc, Vedanta, Nalco gain up to 18%
The Nifty Metal index surpassed its previous high of 6,079.55 on October 14, 2021.
 "Metal index hits record high; Hindustan Zinc, Vedanta, Nalco gain up to 18%")
D-Mart rallies 11%, hits new high on healthy operational performance in Q2
ICICI Securities said it continue to remain structurally positive on the stock, however it believes recent appreciation of the stock price factors in most positives.
 "D-Mart rallies 11%, hits new high on healthy operational performance in Q2")
Stocks to Watch: HDFC Bank, HCL Tech, L&T Infotech, RIL, Tata Coffee
Stocks of HDFC Bank, HCL Technologies are likely to react to their earnings this morning, while L&T Infotech, UltraTech Cement and Tata Coffee among others to remain in focus ahead of results today
Time to buy HDFC AMC, Bajaj Electricals, says Vaishali Parekh
Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher
 "Time to buy HDFC AMC, Bajaj Electricals, says Vaishali Parekh")
IRCTC hits new high, zooms 141% since August on announcing stock split plan
IRCTC has fixed October 29, 2021, as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares from Rs 10 to Rs 2
 "IRCTC hits new high, zooms 141% since August on announcing stock split plan")
This Radhakishan Damani-owned stock hits over 13-yr high on robust outlook
India Cements rallied 11 per cent to Rs 221.80 on the BSE today, trading at its highest level since February 2008
 "This Radhakishan Damani-owned stock hits over 13-yr high on robust outlook")