Page 694 - Buzzing Stocks
Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today
 "Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon")
Bharti Airtel gains 4% on rolling out new postpaid plans
Airtel said it has simplified its Postpaid plans to offer industry leading data benefits backed by a 5G ready network and superior digital-first customer care
 "Bharti Airtel gains 4% on rolling out new postpaid plans")
Arvind Fashions to sell Unlimited retail biz to V-Mart Retail; stock up 16%
The company would receive cash consideration estimated at about Rs 150 crore upon the closure of transaction and thus, will fully recover the capital employed in the business
 "Arvind Fashions to sell Unlimited retail biz to V-Mart Retail; stock up 16%")
ICICI Pru soars 9%, hits new high on strong performance in June quarter
VNB growth was driven by a resilient business model, innovative product offerings and diversified distribution and product mix
 "ICICI Pru soars 9%, hits new high on strong performance in June quarter")
Jindal Stainless signs MoU with Tata Steel Mining; stock advances 10%
The MoU is signed with an aim to jointly unearth the chrome ore locked up in the boundary between our mines located in Odisha
 "Jindal Stainless signs MoU with Tata Steel Mining; stock advances 10%")
Gland Pharma rallies 8% on strong revenue growth in June quarter
Gland Pharma said the growth in revenue was contributed from a mix of launch of new products and volume growth in existing products
 "Gland Pharma rallies 8% on strong revenue growth in June quarter")
IDFC soars 19% as RBI allows company to exit as promoter of IDFC First Bank
IDFC stands to benefit as a reverse merger could help unlock shareholder value, removing the holding company discount, ICICI Securities said in a note
 "IDFC soars 19% as RBI allows company to exit as promoter of IDFC First Bank")
Jubilant FoodWorks surges 9%, hits record high on strong growth outlook
With vaccinations well under way, the management believes that the worst is behind them and is confident of delivering strong, sustained growth in the periods ahead
 "Jubilant FoodWorks surges 9%, hits record high on strong growth outlook")
Stocks to watch: HUL, Bajaj Auto, IDFC, Wipro, Bajaj Finserv, IB Housing
The Reserve Bank of India has allowed IDFC to exit the IDFC First Bank after the expiry of the lock-in period of 5 years
 "Stocks to watch: HUL, Bajaj Auto, IDFC, Wipro, Bajaj Finserv, IB Housing")
Asian Paints rallies 7%, hits record high as Q1 profit beats estimate
The domestic decorative business more than doubled its volume and delivered stellar revenue growth on a low base
 "Asian Paints rallies 7%, hits record high as Q1 profit beats estimate")
Cement shares on a roll; ACC, Ambuja, UltraTech, JK Lakshmi hit new highs
Cement shares traded higher between 3 per cent and 9 per cent on the BSE as compared to a 0.63 per cent decline in the S&P BSE Sensex.
 "Cement shares on a roll; ACC, Ambuja, UltraTech, JK Lakshmi hit new highs")
Stock of this IT company has zoomed 248% in 26 days
Shares of Brightcom Group were locked in the 5 per cent upper circuit band for the 10th straight day at Rs 44.35 on the BSE on Tuesday
 "Stock of this IT company has zoomed 248% in 26 days")
Mastek hits new high on healthy June quarter results
In the past six months, Mastek's market price has more than doubled as against a 4.6 per cent rise in the S&P BSE Sensex
HCL Technologies dips 2% as company reports lower-than-expected Q1 results
The management has reiterated its double-digit USD revenue growth guidance and EBIT margin band of 19-21 per cent for FY22
 "HCL Technologies dips 2% as company reports lower-than-expected Q1 results")
ACC surges 7%, hits new high on strong operational performance in Q2
The company's Ebitda (earnings before interest, taxes, depreciation, and amortization) margins expanded 233 basis points (bps) quarter-on-quarter to 22.4 per cent due to higher realisations
 "ACC surges 7%, hits new high on strong operational performance in Q2")
Stocks to watch: HCL Tech, Bajaj Finance, ACC, Clean Science, Asian Paints
Cement maker ACC reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021
 "Stocks to watch: HCL Tech, Bajaj Finance, ACC, Clean Science, Asian Paints")
Datamatics Global hits 20% upper circuit, zooms 65% in three days
There has been a significant increase in movement in share price and volume of mid-cap information technology-enabled services (ITeS) companies in the last few days
DCM Shriram defies market mood, hits new high; stock up 65% in a month
On June 29, 2021, rating agency ICRA had upgraded term loan and fund based facilities of DCM Shriram to ICRA AA+ from ICRA AA with a stable outlook
 "DCM Shriram defies market mood, hits new high; stock up 65% in a month")
L&T hits new high on winning significant contracts for various businesses
L&T Construction, the construction arm of L&T, has won a slew of orders in India and abroad for its various businesses
 "L&T hits new high on winning significant contracts for various businesses")
Clean Science makes robust debut, lists at 98% premium over issue price
The stock listed at Rs 1,784, a 98 per cent premium against the issue price of Rs 900 per share on the BSE
 "Clean Science makes robust debut, lists at 98% premium over issue price")