Page 690 - Buzzing Stocks
Balaji Amines surges 9%, hits new high on robust June quarter results
In Q1FY22, the company reported a consolidated net profit of Rs 97.40 crore as against Rs 31.58 crore in Q1FY21
 "Balaji Amines surges 9%, hits new high on robust June quarter results")
Stocks to watch: Airtel, RBL Bank, Tata Motors, VA Tech Wabag, Dabur, NCC
Tata Sons arm Panatone Finvest picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction
 "Stocks to watch: Airtel, RBL Bank, Tata Motors, VA Tech Wabag, Dabur, NCC")
Cholamandalam Investment surges 11% on robust June quarter result
The company expects a gradual revival in subsequent quarters in FY22 with normalization and rollbacks of accounts which moved to higher buckets.
 "Cholamandalam Investment surges 11% on robust June quarter result")
Privi Speciality soars 36% in 2 days on JV with Switzerland-based Givaudan
With the past two days' rally, the stock of PSCL has more-than-doubled (up 101 per cent) in the past three months
 "Privi Speciality soars 36% in 2 days on JV with Switzerland-based Givaudan")
Steel Strips Wheels freezes at 10% upper circuit on record turnover in July
The export segment volume rose by 164 per cent YoY and crossed 1,000 million-mark for the first time ever in July 2021
 "Steel Strips Wheels freezes at 10% upper circuit on record turnover in July")
These two Dolly Khanna-owned stocks have rallied up to 103% in a month
Investor Dolly Khanna held 2.07 per cent stake in Deepak Spinners and 1.24 per cent holding in Nitin Spinners as on June 30, 2021, the shareholding pattern data shows
 "These two Dolly Khanna-owned stocks have rallied up to 103% in a month")
Realty shares in demand; Oberoi, IB Realty, Prestige Estates, Sobha up 5%
The real estate sector is undergoing major consolidation as very few developers have the financial stability to undertake large capital-intensive projects, Oberoi Realty's management said
 "Realty shares in demand; Oberoi, IB Realty, Prestige Estates, Sobha up 5%")
Ind Swift Labs tanks 16% on selling API business to PI Industries
PI Ind said the purchase consideration of Rs 1,530 crore will be paid in all-cash and funded from the proceeds of the completed QIP and internal accruals
 "Ind Swift Labs tanks 16% on selling API business to PI Industries")
IRCTC surges 7%, hits fresh record high as board to consider stock split
The board of directors of the Company is scheduled to meet on August 12, 2021 to consider stock split
 "IRCTC surges 7%, hits fresh record high as board to consider stock split")
Stocks to watch: HDFC, Adani Entp, IDFC First, Bandhan Bank, auto stocks
Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants
 "Stocks to watch: HDFC, Adani Entp, IDFC First, Bandhan Bank, auto stocks")
Laurus Labs rebounds 9% from day's low after 3 straight sessions of decline
The management maintains positive outlook across all four businesses -- FDF, APIs, Synthesis and Bio-- on the back of improving demand, and supported by capacity expansion plans planned
 "Laurus Labs rebounds 9% from day's low after 3 straight sessions of decline")
Garware Hi-Tech hits record high as Ashish Kacholia ups stake by nearly 1%
On July 29, 2021, Ashish Kacholia purchased additional 141,871 equity shares representing 0.61 per cent equity of Garware Hi-Tech Films at price of Rs 1,005 per share through bulk deal on the BSE,
 "Garware Hi-Tech hits record high as Ashish Kacholia ups stake by nearly 1%")
Ashok Leyland advances 10%, nears 52-week high on drawing up EV road map
Ashok Leyland's subsidiary Switch Mobility announced a strategic agreement with Dana Incorporated, the global leader in drivetrain and e-propulsion systems, to make a minority investment in Switch
 "Ashok Leyland advances 10%, nears 52-week high on drawing up EV road map")
SRF rallies 8% on strong Q1 performance; market-cap zooms past Rs 50,000 cr
The stock hit a new high of Rs 8,535.95 as shares rallied 8 per cent on the BSE in intra-day trade on Friday
 "SRF rallies 8% on strong Q1 performance; market-cap zooms past Rs 50,000 cr")
R Systems soars 15% as board to consider share buyback proposal
Buyback is a corporate action in which a company buybacks its shares from the existing shareholders usually at a price higher than the market price
 "R Systems soars 15% as board to consider share buyback proposal")
Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates
The company's order book increased from $290 million in Q1FY21 to $815 million in Q1FY22
 "Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates")
Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor
State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30
 "Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor")
SBI inches towards record high ahead of Q1 results; stock up 3%
Analysts expected SBI to report a healthy performance, supported by recoveries and modest opex
 "SBI inches towards record high ahead of Q1 results; stock up 3%")
Balrampur Chini Mills soars 8%, hits record high on share buyback plan
The board of directors of Balrampur Chini Mills is scheduled to meet on Monday, August 9, 2021, to consider buyback of equity shares of the Company
 "Balrampur Chini Mills soars 8%, hits record high on share buyback plan")
Metal shares rally; Tata Steel, Hindalco, Vedanta surge up to 10%
At 11:37 am, Nifty Metal and the S&P BSE Metal index were up 4 per cent each, as compared to a 0.50 per cent rise in the benchmark indices Nifty50 and the S&P BSE Sensex
 "Metal shares rally; Tata Steel, Hindalco, Vedanta surge up to 10%")