Page 701 - Buzzing Stocks
Lupin dips 5% on USFDA warning letter for Somerset manufacturing unit
Lupin said the company does not believe that the warning letter will have an impact on disruption of supplies or the existing revenues from operations of this facility
 "Lupin dips 5% on USFDA warning letter for Somerset manufacturing unit")
Nifty Pharma index hits new high; Aurobindo, Dr Reddy's gain over 3%
Marksans Pharma and Novartis India from the S&P BSE Healthcare index zoomed 20 per cent each
 "Nifty Pharma index hits new high; Aurobindo, Dr Reddy's gain over 3%")
Gayatri Projects slips 18% after NHAI declares company as non-performer
National Highways Authority of India (NHAI) declared the company a non-performer and prohibited from participating in the ongoing and future bids for the road projects
 "Gayatri Projects slips 18% after NHAI declares company as non-performer")
BSE IT index hits record high; Wipro, Tech M too scale new peaks
A total 10 stocks including Mastek, Mindtree, Happiest Minds Technologies, Mphasis and Coforge too hit their new highs in Friday's intra-day deals
 "BSE IT index hits record high; Wipro, Tech M too scale new peaks")
EClerx Services, Alok Ind: Trading strategies for buzzing stocks of the day
Nifty 500 and Nifty Mid-cap 100 index have already seen a surge of over 2.50 and 6 per cent respectively, in the current month
 "EClerx Services, Alok Ind: Trading strategies for buzzing stocks of the day")
Investors lap up Bajaj Finance despite NPA warning; stock up 10% in 2 days
The management of Bajaj Finance in a mid-quarter update indicated some adverse impact of Covid-19-related fresh lockdowns on business during the April-June quarter (Q1FY22)
 "Investors lap up Bajaj Finance despite NPA warning; stock up 10% in 2 days")
Tide Water Oil up 5% on 1:1 bonus, Rs 200 per share dividend, stock split
The company announced 1:1 bonus issue, dividend of Rs 200 per share and stock split from Rs 5 to Rs 2.
 "Tide Water Oil up 5% on 1:1 bonus, Rs 200 per share dividend, stock split")
Coal India hits 52-week high, regains Rs 1 trillion market cap
Coal India reported strong offtake in dispatches, with volumes at 55.1mt, registering a 37.6 per cent year on year (YoY) increase in May 2021.
 "Coal India hits 52-week high, regains Rs 1 trillion market cap")
eClerx Services zooms 20%, nears record high on healthy Q4 results
In Q4FY21, the company's revenues grew 19.3 per cent QoQ in constant currency terms and 19.7 per cent QoQ in reported terms
 "eClerx Services zooms 20%, nears record high on healthy Q4 results")
Stocks to watch: BHEL, SAIL, Yes Bank, National Fertilizers, Cosmo Films
A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services
 "Stocks to watch: BHEL, SAIL, Yes Bank, National Fertilizers, Cosmo Films")
Ion Exchange zooms 33% in 2 days on Rs 1,000 cr orders win; MF stake buy
On Wednesday, June 9, 2021, Franklin Templeton Mutual Fund purchased 120,000 shares in the company, representing 0.82 per cent stake at Rs 1,984.49 on the BSE via bulk deals.
 "Ion Exchange zooms 33% in 2 days on Rs 1,000 cr orders win; MF stake buy")
Accelya rebounds 16% from day's low on receiving strong response for OFS
According to the BSE data, the non-retail portion of Accelya OFS's was subscribed fully or 102 per cent
 "Accelya rebounds 16% from day's low on receiving strong response for OFS")
After muted debut, shares of this travel company are up 100% in a month
Easy Trip Planners have rallied 127% in the past one month on anticipation that pent up demand would boost the travel and tourism segment
 "After muted debut, shares of this travel company are up 100% in a month")
Astral hits new high on board nod to merger of adhesive arm Resinova
In the past one month, the stock of Astral has rallied 27 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex
 "Astral hits new high on board nod to merger of adhesive arm Resinova")
IRB Infra up 31% in 8 days after HDFC MF buys stake; stock hits 52-wk high
HDFC Mutual Fund bought 4.94 million shares, representing 1.4 per cent stake, in IRB Infra via open market
 "IRB Infra up 31% in 8 days after HDFC MF buys stake; stock hits 52-wk high")
Bata India surges 6%, nears 52-week high post March quarter results
Bata India's gross margins witnessed an improvement of around 160 basis points (bps) quarter-on-quarter (QoQ) to 53.1 per cent, indicating green shoots in formal and fashion footwear demand
 "Bata India surges 6%, nears 52-week high post March quarter results")
Stocks to watch: Tata Motors, Bata India, SAIL, MMTC, Reliance Power
The board of MMTC has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL)
Petronet LNG dips 7% on disappointing March quarter results
The company reported an 11.6 per cent year-on-year decline in consolidated revenue from operations at Rs 7,575 crore in Q4FY21
 "Petronet LNG dips 7% on disappointing March quarter results")
TeamLease Services rallies 17%, hits new high post March quarter results
The company said that its general staffing is back to pre-Covid levels of headcount and has surpassed pre-Covid revenue run rate
 "TeamLease Services rallies 17%, hits new high post March quarter results")
Power stks extend rally; Torrent Power, JSW Energy, Power Grid at new highs
Tata Power Company, CESC, Bharat Heavy Electricals (BHEL) and NTPC were quoting at their respective 52-week high levels
 "Power stks extend rally; Torrent Power, JSW Energy, Power Grid at new highs")