Page 705 - Buzzing Stocks
Titan Company surges 6%, hits record high; market-cap nears Rs 1.5 trillion
The stock of Tata Group Company surpassed its previous high of Rs 1,620.95, touched on January 6, 2021
 "Titan Company surges 6%, hits record high; market-cap nears Rs 1.5 trillion")
ONGC, Oil India hit 52-week highs as Brent crude climbs above $71/bbl
Brent prices continue to hover above $71/bbl, driven by the prospects of a global demand recovery and OPEC+'s production discipline
 "ONGC, Oil India hit 52-week highs as Brent crude climbs above $71/bbl")
Realty index surges 4%; Oberoi Realty hits record high, Phoenix Mills up 8%
GIC, Singapore's sovereign wealth fund and Phoenix Mills, have entered into a strategic partnership to establish an investment platform for retail‐led mixed‐use assets in India
 "Realty index surges 4%; Oberoi Realty hits record high, Phoenix Mills up 8%")
Indo-National zooms 20%, Eveready Industries hits over 3-year high
Eveready Industries hit an over three-year high (highest level since April 2018) of Rs 338.70 after rising 7 per cent on the BSE in intra-day trade today
 "Indo-National zooms 20%, Eveready Industries hits over 3-year high")
Muthoot Finance soars 17% in two days, hits new high on strong Q4 results
Despite a 10-12 per cent decline in gold prices, Muthooth Finance managed to grow the loan book by 4 per cent quarter-on-quarter
 "Muthoot Finance soars 17% in two days, hits new high on strong Q4 results")
Reliance Industries rallies 15% in seven days, hits over 7-month high
The stock was up 2.2 per cent at Rs 2,250 on the BSE in intra-day trade on Thursday, trading close to its record high level of Rs 2,368.80 touched on September 16, 2020
 "Reliance Industries rallies 15% in seven days, hits over 7-month high")
Sugar shares rally up to 8% as ethanol blending programme advanced to 2023
ICICI Securities believes this would encourage sugar companies to further add sugarcane juice and grain-based ethanol capacities
 "Sugar shares rally up to 8% as ethanol blending programme advanced to 2023")
Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks
Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today
 "Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks")
This Rakesh Jhunjhunwala-owned pharma stock hits over 4-year high
Lupin rose 4 per cent to Rs 1,258.70 on the BSE in intra-day trade on Wednesday, a level that was last seen in May 2017
 "This Rakesh Jhunjhunwala-owned pharma stock hits over 4-year high")
Motherson Sumi surges 11%, hits 52-week high on strong performance in Q4
The production shutdowns (India) and semi-conductor shortages globally likely to be headwinds for OEM production in the near term, the company said
 "Motherson Sumi surges 11%, hits 52-week high on strong performance in Q4")
Century Enka freezes at 20% upper circuit; stock zooms 58% in a month
Last month, the board had approved Rs 263 crore capex plan to have necessary assets for upcoming business opportunities
 "Century Enka freezes at 20% upper circuit; stock zooms 58% in a month")
ITC slips 3% post Q4 results. Can the stock enter a prolonged bear phase?
Analysts remain cautious on cigarettes and hotels businesses in the medium term. On the techncial charts, the stock is in the process of forming an 'Island Reversal Pattern'
 "ITC slips 3% post Q4 results. Can the stock enter a prolonged bear phase?")
Gujarat Gas surges 7%, nears 52-week high on strong Q4 results
The company's gas sales volume till date in the FY22 stands close to 10 mmscmd as against average gas sales of 9.39 mmscmd in FY21
 "Gujarat Gas surges 7%, nears 52-week high on strong Q4 results")
Adani Enterprises hits fresh record high, surges 11% in 2 days
The firm surpassed its previous high of Rs 1,335, touched in January 2008, before the restructuring of its businesses
 "Adani Enterprises hits fresh record high, surges 11% in 2 days")
Stocks to watch: ITC, Infosys, Hero Moto, Motherson Sumi, PVR, NMDC
Sebi has barred eight entities, including two employees of Infosys, from the securities market for indulging in insider trading activities in the shares of the IT major
 "Stocks to watch: ITC, Infosys, Hero Moto, Motherson Sumi, PVR, NMDC")
Magma Fincorp hits 5% upper circuit for 2nd straight day, nears 52-wk high
The company has appointed Adar Poonawala as its chairman as part of a management overhaul following the Poonawala-controlled Rising Sun Holdings acquiring a controlling stake in it
 "Magma Fincorp hits 5% upper circuit for 2nd straight day, nears 52-wk high")
Adani Enterprises shares hit new high; m-cap touches Rs 1.5-trillion mark
In the month of May, shares of the Adani Group firm outperformed the benchmark index and surged 13.6 per cent on the BSE
 "Adani Enterprises shares hit new high; m-cap touches Rs 1.5-trillion mark")
This oil & marketing distribution firm's stock has zoomed 133% in 15 days
In the past four trading days the stock has rallied 74 per cent after the company said it will consider a stock split and bonus issue in the forthcoming board meeting to be held on June 10
 "This oil & marketing distribution firm's stock has zoomed 133% in 15 days")
Narayana Hrudayalaya rallies 16% on strong March quarter results
In view of near-term uncertainties amid Covid-19, the management has charted a path to reduce costs, increase efficiency and rationalize capex
 "Narayana Hrudayalaya rallies 16% on strong March quarter results")
PNB Housing surges 44% in 2 days on large capital infusion by Carlyle Group
The announced large equity infusion should significantly improve the confidence of fixed income and equity markets and bring PNB Housing Finance back on the growth path, Morgan Stanley said
 "PNB Housing surges 44% in 2 days on large capital infusion by Carlyle Group")