Page 673 - Buzzing Stocks
ITC nears two-year high, up 11% in four days; can hit Rs 300, charts say
Analysts believe ITC's cigarettes business will fully recover amid aggressive vaccination drive and reduction in Covid-19 cases
 "ITC nears two-year high, up 11% in four days; can hit Rs 300, charts say")
Charts indicate more gains for Wipro, Mindtree; Infosys, TCS appear weak
Wipro and MindTree logged new life-time highs in trade on Thursday and can see further upside of up to 11 per cent
 "Charts indicate more gains for Wipro, Mindtree; Infosys, TCS appear weak")
Mindtree surges 12%, hits new high on strong September quarter earnings
The brokerage firm ICICI Securities is of the opinion that all positives seem to be largely priced in at the CMP for Mindtree and hence the stock may see limited upside from here on
 "Mindtree surges 12%, hits new high on strong September quarter earnings")
Infosys gains 4% on strong Q2 performance, raising FY22 revenue guidance
Infosys raised its revenue growth guidance for FY22 to 16.5-17.5 per cent in constant currency (CC) terms, from 14-16 per cent earlier; stock came within striking distance of its life-time high
 "Infosys gains 4% on strong Q2 performance, raising FY22 revenue guidance")
Wipro hits new high, rallies 8% on strong revenue growth in Sept quarter
Motilal Oswal maintains a 'Neutral' stance on the stock and awaits further evidence of execution of Wipro's refreshed strategy, & successful turnaround from its growth struggles over the last decade
 "Wipro hits new high, rallies 8% on strong revenue growth in Sept quarter")
Damani's DMart surges 18%, hits fresh record high; stock up 33% in a week
Shares of Avenue Supermarts crossed the Rs 5,000 mark for the first time
 "Damani's DMart surges 18%, hits fresh record high; stock up 33% in a week")
Stocks to Watch: Infosys, Wipro, HCL Tech, Dish Tv, HDFC Bank, Zee
IT stocks will be in focus this morning, as market participants react to Infosys, Wipro and MindTree numbers. Thereafter, the focus will shift to HCL Technologies earnings
 "Stocks to Watch: Infosys, Wipro, HCL Tech, Dish Tv, HDFC Bank, Zee")
Sun Pharma hits over 5-yr high on hopes of robust revenue growth in Q2
Motilal Oswal Securities remains positive on Sun Pharma due to investments in the global Specialty portfolio improving overall profitability
 "Sun Pharma hits over 5-yr high on hopes of robust revenue growth in Q2")
Tata Group stocks on a roll, rally up to 20%; here's why
Shares of Tata Motors DVR were locked at the 20 per cent upper circuit, while Tata Motors too surged nearly 20 per cent in intra-day trade on the BSE today
 "Tata Group stocks on a roll, rally up to 20%; here's why")
This iron & steel products stock has zoomed 50% thus far in October
On October 8, 2021, Maharashtra Seamless had announced that the company has successfully bagged an order worth Rs 237 crore from ONGC for supply of seamless casings pipes
 "This iron & steel products stock has zoomed 50% thus far in October")
Centrum soars 19% as RBI grants SFB license to consortium with BharatPe
The RBI has issued a Small Finance Bank license to the Centrum Group-BharatPe consortium; new SFB has been incorporated as 'Unity Small Finance Bank'
 "Centrum soars 19% as RBI grants SFB license to consortium with BharatPe")
Tata Motors surges 15% as TPG Rise to invest Rs 7,500 crore in EV arm
TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated.
 "Tata Motors surges 15% as TPG Rise to invest Rs 7,500 crore in EV arm")
Stocks to Watch: Infosys, Wipro, MindTree, RIL, Tata Motors, PFC, airlines
Infosys, Wipro and MindTree on investors' radar ahead of the September earnings. Airline stocks also likely to be in limelight as aviation ministry allows 100 per cent occupancy for domestic flights
 "Stocks to Watch: Infosys, Wipro, MindTree, RIL, Tata Motors, PFC, airlines")
Consumer discretionary stocks shine in a weak mkt; Titan hits record high
Analysts expect discretionary players like D-mart, Titan, and Jubilant FoodWorks to record a stronger recovery in Q2FY22, led by faster unlocking and pent-up demand post the second wave
 "Consumer discretionary stocks shine in a weak mkt; Titan hits record high")
Tata Power jumps 4%, hits new high as solar arm wins multiple orders
Tata Power Solar received EPC orders worth Rs 538 crore from Energy Efficiency Services Limited (EESL) to set up multiple distributed ground mounted solar projects totalling 100 MW
 "Tata Power jumps 4%, hits new high as solar arm wins multiple orders")
Jubilant FoodWorks hits new high, surges 35% in a month on growth prospects
The financial risk profile is supported by a debt-free status, strong net worth and high financial flexibility
 "Jubilant FoodWorks hits new high, surges 35% in a month on growth prospects")
This SME shipping company stock has zoomed 68% in three days
Knowledge Marine has declared L1 bidder by the Visakhapatnam Port Trust for the tender of supply, manning, operation of high-speed patrol boat with 15 knots speed on hire basis for a period of 3 years
 "This SME shipping company stock has zoomed 68% in three days")
Radico Khaitan soars 11% to a new high on launch of two new premium IMFLs
The company has launched Magic Moments Dazzle Vodka and Royal Ranthambore Heritage Collection Royal Crafted Whisky (blended malt scotch) in the brown and white spirit categories.
 "Radico Khaitan soars 11% to a new high on launch of two new premium IMFLs")
Tata Metaliks dips 7% on reporting weak operating margin in Q2
In Q2, EBITDA margin came in at 15.5 per cent, lower by 998 basis points (bps) QoQ and 559 bps YoY on the back of higher operating costs
 "Tata Metaliks dips 7% on reporting weak operating margin in Q2")
Delta Corp surges 12%, hits over 3-year high after loss narrows in Q2
In Q2, Delta Corp reported consolidated net loss of Rs 22.57 crore as against Rs 28.93 crore in Q1FY22 and Rs 54.91 crore in Q2FY21
 "Delta Corp surges 12%, hits over 3-year high after loss narrows in Q2")