Page 702 - Buzzing Stocks
Deepak Fertilisers, Godawari Power dip 5% after surging up to 54% in 9 days
These stocks are trading under 'T' group on the BSE and 'BE' segment on the National Stock Exchange
 "Deepak Fertilisers, Godawari Power dip 5% after surging up to 54% in 9 days")
Hindustan Unilever trades higher for 4th straight day, nears 52-week high
Analysts said the outlook from June 2021 onwards is positive, barring the emergence of a third COVID wave
 "Hindustan Unilever trades higher for 4th straight day, nears 52-week high")
Tips Industries locked in 5% upper circuit for 4th straight day
In Q4FY21, Tips Industries posted consolidated net profit at Rs 18.3 crore against Rs 0.40 crore in Q4FY20
 "Tips Industries locked in 5% upper circuit for 4th straight day")
SBI Cards declines 6% after nearly 7% equity changes hands via block deal
According to reports, US-based private equity (PE) firm Carlyle planned to offload 5.1 per cent stake in SBI Cards and Payment Services
 "SBI Cards declines 6% after nearly 7% equity changes hands via block deal")
Globus Spirits zooms 50% in a week on strong Q4 nos; stock hits new high
Between June 14 and June 17, Franklin Strategic Emerging Markets Fund IV sold 1.96 million shares, representing 6.8 per cent stake of Globus Spirits, through a bulk deals on the NSE
 "Globus Spirits zooms 50% in a week on strong Q4 nos; stock hits new high")
Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India
Coal India Limited is debating on hiking coal price for the regulated sector and may take a call soon, a senior official said
 "Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India")
Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%
In the past two days, Franklin Strategic Emerging Markets Fund IV sold 799,000 shares, representing a 2.7 per cent stake, of Globus Spirits through a bulk deal on the National Stock Exchange
 "Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%")
PNB Housing hits 5% upper circuit after 25% fall from 52-week high
In May, PNB Housing Finance had announced that it will raise Rs 4,000 crore from a clutch of investors, led by existing stakeholder Carlyle group, by way of issuing preference shares and warrants
 "PNB Housing hits 5% upper circuit after 25% fall from 52-week high")
Cement shares in focus; Ambjua, JK Lakshmi Cement hit record highs
With ease in restrictions from July onwards, demand is expected to pick up
 "Cement shares in focus; Ambjua, JK Lakshmi Cement hit record highs")
Greaves Cotton advances 10% on heavy volumes; stock nears record high
The government increased the subsidy on electric two-wheelers by 50 per cent, under the second phase of the FAME India scheme, making them more affordable
 "Greaves Cotton advances 10% on heavy volumes; stock nears record high")
CESC surges 6%, hits 52-week high post Q4 results, stock split approval
The company intends to improve the liquidity of its shares in the stock market by reducing the nominal value of the shares through the process of subdivision
 "CESC surges 6%, hits 52-week high post Q4 results, stock split approval")
Gujarat Gas hits new high; rallies 32% in four weeks on healthy Q4 results
As restrictions are being lifted gradually in many of company's operating areas, natural gas demand is likely to improve
 "Gujarat Gas hits new high; rallies 32% in four weeks on healthy Q4 results")
Somany Ceramics surges 12%, hits 52-week high on strong Q4 results
The revenues during the quarter under review grew 58.8 per cent year-on-year (YoY) to Rs 562 crore from Rs 354 crore on the back of strong volumes
 "Somany Ceramics surges 12%, hits 52-week high on strong Q4 results")
Stocks to watch: Power Grid, SBI, Tata Steel, CESC, Federal Bank, Wipro
SBI Board is slated to meet on June 21 to consider a fundraising plan for FY22
 "Stocks to watch: Power Grid, SBI, Tata Steel, CESC, Federal Bank, Wipro")
Jubilant FoodWorks rallies 5%, hits record high post Q4 results
The company witnessed around 90 per cent recovery in both April and May versus pre-COVID levels, despite dine-in being minimal
 "Jubilant FoodWorks rallies 5%, hits record high post Q4 results")
Infosys hits record high, rallies for 8th straight day; up 13% in a month
The stock hit a record high of Rs 1,484.10, surpassing its previous high of Rs 1,480 touched on April 12, 2021
 "Infosys hits record high, rallies for 8th straight day; up 13% in a month")
Globus Spirits hits new high; advances 28% in a week on strong Q4 results
In Q4FY21, the company's Ebitda margin grew by over 1,140 bps YoY to 24.9 per cent, on account of higher share of consumer business, and better realizations on ENA and ethanol
 "Globus Spirits hits new high; advances 28% in a week on strong Q4 results")
Adani Power, Transmission, Total Gas slip 5% for third straight day
NSDL has already clarified that the accounts of three foreign funds - holding nearly Rs 43,000 crore worth of Adani group shares - are 'active' and not frozen
 "Adani Power, Transmission, Total Gas slip 5% for third straight day")
LTI to acquire Cuelogic Technologies for $8.4 million; stock gains 2%
The acquisition is subject to customary closing conditions which are expected to get completed within 2 to 4 weeks
 "LTI to acquire Cuelogic Technologies for $8.4 million; stock gains 2%")
LIC Housing Finance dips 4% on profit booking post Q4 results
Provisions jumped sharply to Rs 977 crore in the quarter under review against Rs 181 crore (QoQ)
 "LIC Housing Finance dips 4% on profit booking post Q4 results")