Page 689 - Buzzing Stocks
BASF India zooms 33% in two days on robust June quarter results
The company reported a net profit of Rs 197.28 crore in Q1FY22 as against a loss of Rs 31.18 crore in Q1FY21
 "BASF India zooms 33% in two days on robust June quarter results")
Laurus Labs hits record high; rallies 17% in 7 days post Q1 results
The management holds a positive outlook across all four businesses -- FDF, APIs, Synthesis and Bio -- and believes the outlook remains robust driven by improving demand and supported by capex
 "Laurus Labs hits record high; rallies 17% in 7 days post Q1 results")
Tata Chemicals rallies 10%, hits record high on strong Q1 results
With the business environment steadily improving, the company is well-positioned to grow across customer segments, the management said.
 "Tata Chemicals rallies 10%, hits record high on strong Q1 results")
Barbeque Nation Hospitality zooms 37% in 4 days after strong Q1 results
The company said it reported a strong recovery in sales at 86 per cent in July 2021 as compared to the same month of the previous year
 "Barbeque Nation Hospitality zooms 37% in 4 days after strong Q1 results")
Adani Enterprises jumps 7%, claims title of most valuable Adani Group firm
On August 2, Adani Wilmar, a 50:50 joint venture company between the Adani group and the Wilmar group filed draft papers for Rs 4,500 crore-IPO with Sebi.
 "Adani Enterprises jumps 7%, claims title of most valuable Adani Group firm")
Glenmark Life Sciences makes a quiet debut, lists 4% above issue price
Post listing, the stock moved higher to Rs 799.50, 11 per cent higher against issue price
 "Glenmark Life Sciences makes a quiet debut, lists 4% above issue price")
Rate sensitive shares trade mixed after RBI keeps repo rate unchanged
At 11:38 am, the Nifty Bank, PSU Bank and Realty indices were trading in the red, while the Nifty Private Bank and Auto indices were trading marginally higher by up to 0.35 per cent on the NSE
 "Rate sensitive shares trade mixed after RBI keeps repo rate unchanged")
Vodafone Idea rebounds 55% from over 2-year low touched on Thursday
In a major development, the government on Thursday introduced an amendment to do away with the contentious retrospective tax demand provisions.
 "Vodafone Idea rebounds 55% from over 2-year low touched on Thursday")
Stocks to watch: M&M, Glenmark Life Sciences, Cipla, Adani Power, Tata Chem
Stocks from the banking, real estate and auto sectors will be in focus amid the RBI policy outcome later today
 "Stocks to watch: M&M, Glenmark Life Sciences, Cipla, Adani Power, Tata Chem")
Stock of this textile company has zoomed 127% in a month
Shares of Sportking India were locked in the 5 per cent upper circuit for the ninth straight day, at Rs 4,501.95, on the BSE on Thursday
Bharti Airtel surges 7%, hits over six-month high
The favourable industry structure of two players is a good enough kicker for an eventual hike in tariff as well as superior digital play in the medium to long term, an analyst said
 "Bharti Airtel surges 7%, hits over six-month high")
Bharti Airtel headed for a multi-year breakout; stock can double from here
The Sunil Mittal-owned company reported a net profit of Rs 283.5 crore in the first quarter of the current fiscal (Q1FY22), which was much lower than the consensus estimates
 "Bharti Airtel headed for a multi-year breakout; stock can double from here")
SBI Life hits new high after Carlyle affiliate offloads entire 1.9% stake
Around 19.24 million equity shares, representing 1.92 per cent of the total equity of SBI Life had changed hands on the BSE till 10:55 am
 "SBI Life hits new high after Carlyle affiliate offloads entire 1.9% stake")
Nava Bharat Ventures tanks 15% on weak June quarter results
The major overhaul of one unit of the power plant which started in Jan 2021 is taking longer with a deformation observed in turbine's diaphragms and carrier, repairs to which was not possible.
 "Nava Bharat Ventures tanks 15% on weak June quarter results")
Sonata Software rallies 9%, hits new high post June quarter results
The management said it see the demand situation as being extremely satisfactory with growth in existing accounts and new deal pipeline
 "Sonata Software rallies 9%, hits new high post June quarter results")
KM Birla steps down as Vodafone Idea chairman; stock slides 38% in 3 days
The changes come at a time when Vi is struggling to stay afloat
 "KM Birla steps down as Vodafone Idea chairman; stock slides 38% in 3 days")
Stocks to watch: Vodafone Idea, SBI Life, Titan, HPCL, Greenply, GAIL India
Hindustan Petroleum Corporation reported a 36 per cent YoY drop in its June quarter net profit
SBI rebounds 5% from low post Q1 results; market-cap crosses Rs 4-trillion
The bank said slippages sttod at Rs 15,666 crore (2.47 per cent) in the June 2021 quarter, of which a significant amount has already been pulled back in July 2021
 "SBI rebounds 5% from low post Q1 results; market-cap crosses Rs 4-trillion")
Indus Towers hits over 8-month low on growth concerns
Indus' share price has underperformed the market owing to concerns over its key tenant Vodafone Idea's survival
 "Indus Towers hits over 8-month low on growth concerns")
Voda Idea slips 26% in 2 days as Vodafone Plc rules out fresh fund infusion
Shares of the telecom services provider tanked 8.5 per cent at Rs 6.03, hitting a fresh 52-week low on the BSE in the intra-day trade
 "Voda Idea slips 26% in 2 days as Vodafone Plc rules out fresh fund infusion")