Page 682 - Buzzing Stocks
ITC hits 52-week high as Jefferies raises target; stock up 12% in 3 days
Analysts believe ITC's cigarettes business will fully recover with the aggressive vaccination drive and reduction in Covid-19 cases
 "ITC hits 52-week high as Jefferies raises target; stock up 12% in 3 days")
Lupin slips 4% as Goa plant gets 7 observations from the USFDA
These observations which has been under regulatory oversight for 4 years, and can impact investor sentiment although revenue will not be impacted in the near term, ICICI Securities note stated
 "Lupin slips 4% as Goa plant gets 7 observations from the USFDA")
HLE Glascoat surges 19% on acquiring the global biz of Thaletec GmbH
The acquisition will enhance efficiencies and combine the similar business interests for both entities, resulting in operational synergies, streamlining and optimization of the businesses
 "HLE Glascoat surges 19% on acquiring the global biz of Thaletec GmbH")
Stocks to watch: Wipro, Zomato, Welspun India, Lupin, Rail Vikas Nigam
MAS Financial Services has raised Rs 100 crore through private placement of market-linked non-convertible debentures
 "Stocks to watch: Wipro, Zomato, Welspun India, Lupin, Rail Vikas Nigam")
Surya Roshni soars 11%, hits new high on strong growth outlook
With a focus on improvement in product mix in steel pipes segment, the broking firm IDBI Capital expect Surya Roshni's margins to improve over the next two-three years
 "Surya Roshni soars 11%, hits new high on strong growth outlook")
CESC registers new high post 1:10 stock split, surges 10%
Shares of the electric utilities company traded with heavy volume, as it surpassed its previous all-time high registered almost 3 years ago.
 "CESC registers new high post 1:10 stock split, surges 10%")
Aviation shares in focus; IndiGo hits record high, SpiceJet soars 7%
InterGlobe Aviation, the parent firm of IndiGo airlines, hit a 52-week high at Rs 2,155 and has rallied 9 per cent on the BSE in intra-day trade on hopes of positive future prospects.
 "Aviation shares in focus; IndiGo hits record high, SpiceJet soars 7%")
Poonawalla Fincorp hits 5% lower circuit for second day as MD resigns
Sebi on Wednesday barred Abhay Bhutada, the MD and CEO of Poonawalla Fincorp, and seven others from accessing the securities market for allegedly insider trading in shares of the company
 "Poonawalla Fincorp hits 5% lower circuit for second day as MD resigns")
Stock of this telecom services provider has zoomed over 100% in 11 days
The Union Cabinet announced key telecom reforms, including moratorium of telecom dues on, both, AGR and Spectrum for 4 years, which is a key cash flow relief measure for Vodafone Idea
 "Stock of this telecom services provider has zoomed over 100% in 11 days")
PSU banks trade mixed after govt unveils NARCL plan; SBI hits new high
The government has approved a guarantee of Rs 30,600 crore to be provided for the security receipts issued by the National Asset Reconstruction Company (NARCL) to buy bad loans of lenders.
 "PSU banks trade mixed after govt unveils NARCL plan; SBI hits new high")
Stocks to watch: Biocon, Hero Moto, Poonawalla Fin, TVS Motor, bank stocks
Hero MotoCorp on Thursday said it will increase the price of its entire model range by up to Rs 3,000 from September 20
 "Stocks to watch: Biocon, Hero Moto, Poonawalla Fin, TVS Motor, bank stocks")
ITC surges 8%, hits seven-month high; inches towards 52-week high
Despite today's sharpest rally, the stock has under-performed the market gaining 28 per cent, as against a 50 per cent surge in the S&P BSE Sensex.
 "ITC surges 8%, hits seven-month high; inches towards 52-week high")
PSU Bank index up 4% ahead of FM press conference; SBI nears record high
A media report said the FM is expected to make announcements about a proposal to set up a bad bank
 "PSU Bank index up 4% ahead of FM press conference; SBI nears record high")
This recently listed stock has zoomed 120% over its issue price
Ami Organics rallied 20% to Rs 1,345.70 in the intra-day trade today
 "This recently listed stock has zoomed 120% over its issue price")
Indus Towers soars 15%, nears 52-week high on telecom relief package
So far, the stock had been an under-performer having gained mere 4 per cent in the last six months compared to a 17 per cent rally in the S&P BSE Sensex.
 "Indus Towers soars 15%, nears 52-week high on telecom relief package")
APL, Apollo Tricoat trade ex-bonus; stocks record fresh life-time highs
In the past three months, APL Apollo Tubes and Apollo Tricoat have outperformed the market by surging 30% and 22%, respectively, when compared to a 12% rise in the Sensex.
Stocks to watch: Hindustan Copper, Zomato, Wipro, HG Infra, telecom stocks
CEAT shareholders approved the issuance of NCDs up to Rs 500 crore on a private placement basis
 "Stocks to watch: Hindustan Copper, Zomato, Wipro, HG Infra, telecom stocks")
Tata Motors DVR surges 14% on back of heavy volumes, nears 52-week high
As per June 30, 2021, shareholding pattern data, ace investor Rakesh Radheshyam Jhunjhunwala held a 1.97 per cent stake in Tata Motors (DVR) and 1.15 per cent holding in Tata Motors
 "Tata Motors DVR surges 14% on back of heavy volumes, nears 52-week high")
Coal India surges 5%, trades near 52-week high on price hike report
In the past one week, Coal India has outperformed the market by gaining 13 per cent
 "Coal India surges 5%, trades near 52-week high on price hike report")
Decade-high Aluminium price can spark up to 25% rally in these metal stocks
The stock of Hindalco is attempting to close decisively above the resistance of Rs 475 with strong volume
 "Decade-high Aluminium price can spark up to 25% rally in these metal stocks")