Page 706 - Buzzing Stocks
Indo Borax zooms 37% in two days after firm announces stock split plan
Generally, a company plans to go for a stock split to make the shares more affordable for small retail investors and increase liquidity
 "Indo Borax zooms 37% in two days after firm announces stock split plan")
Bajaj Auto shares gain 3%, near record high post May sales update
Segment-wise, Bajaj Auto's 2-wheeler sales grew 113 per cent to 240,554 units while commercial vehicles were up 118 per cent at 31,308 units
 "Bajaj Auto shares gain 3%, near record high post May sales update")
Rupa & Company surges 20%, hits 52-week high on strong Q4 show
The company's revenue from operations jumped 153 per cent year-on-year to Rs 453.99 crore from Rs 179.30 crore posted in the same quarter a year ago
 "Rupa & Company surges 20%, hits 52-week high on strong Q4 show")
SBI shares extend rally, hit new record high, m-cap near Rs 4 trillion-mark
SBI had posted a strong quarterly performance in Q4FY21 and has showed further sequential improvement in assets quality and rise in profitability
 "SBI shares extend rally, hit new record high, m-cap near Rs 4 trillion-mark")
Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %
The MoD, on Monday, announced a list of 108 items of defence equipment that must be compulsorily procured from indigenous sources according to provisions in the Defence Acquisition Procedure 2020
 "Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %")
Stocks to watch: ITC, Narayana Hrudayalaya, Magma Fincorp, auto stocks
State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect
 "Stocks to watch: ITC, Narayana Hrudayalaya, Magma Fincorp, auto stocks")
Bank of Baroda tanks 5% post Q4 results but analysts see up to 55% upside
While risk from the second wave of Covid-19 remains for its retail book, the corporate cycle is clearly turning, and hence BoB will also benefit from this trend, says CLSA
 "Bank of Baroda tanks 5% post Q4 results but analysts see up to 55% upside")
Sensex records sharpest May-month rally in seven years; gains 6.5%
The S&P BSE Sensex gained 6.5 per cent, or 3,154 points in May on optimism on economic rebound and progress in pandemic fight is expected to evince buying interest across major sectors.
 "Sensex records sharpest May-month rally in seven years; gains 6.5%")
This RK Damani, Rakesh Jhunjhunwala-owned stock has gained 56% in 3 days
Prozone Intu Properties shares were locked in the 10 per cent upper circuit band for the second straight day, at Rs 31.75 apiece, on the BSE
 "This RK Damani, Rakesh Jhunjhunwala-owned stock has gained 56% in 3 days")
Indian Hotels hits 52-week high; up 26% in a month on demand recovery hope
The company is hopeful of demand recovery in the US and the UK in the next three to four months with the Covid-19 situation coming under control
 "Indian Hotels hits 52-week high; up 26% in a month on demand recovery hope")
Transport Corporation surges 62% in four days on strong Q4 results
The management expects a pickup in surface freight activity from H2 onwards (near festive season)
 "Transport Corporation surges 62% in four days on strong Q4 results")
PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore
Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share
 "PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore")
M&M slips 7% as firm expects slower tractor sales growth in FY22
While growth in tractors is slowing down after robust growth in FY21, M&M's auto segment is expected to see strong momentum in both LCVs and SUVs, brokerage MOSL said
 "M&M slips 7% as firm expects slower tractor sales growth in FY22")
Divi's Labs gains 3%, hits new high on strong March quarter results
The board has recommended a dividend of Rs 20 (i.e. 1,000 per cent) per equity share of face value Rs 2 each for the financial year 2020-21
 "Divi's Labs gains 3%, hits new high on strong March quarter results")
Stocks to watch: HDFC Bank, M&M, BoB, Affle (India), Aurobindo Pharma, PNB
Bank of Baroda (BoB) reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime
 "Stocks to watch: HDFC Bank, M&M, BoB, Affle (India), Aurobindo Pharma, PNB")
Metropolis Healthcare advances 14%, hits new high on healthy Q4 results
The company's Q4 reported Ebitda margins expanded by 820 bps YoY at 33.2 per cent on the back of increased scale of business, strong cost optimization and automation efforts
 "Metropolis Healthcare advances 14%, hits new high on healthy Q4 results")
Lux Industries extends rally post March quarter result; gains 63% in 5 days
Analysts at Anand Rathi Share and Stock Brokers retain their 'Buy' rating on Lux Industries with a revised target price of Rs 3,344
 "Lux Industries extends rally post March quarter result; gains 63% in 5 days")
RIL sees sharpest intra-day gain in over 2-months; more upside likely
Jefferies maintains 'buy' rating on the stock with price target of Rs 2,580 per share.
 "RIL sees sharpest intra-day gain in over 2-months; more upside likely")
Metals halt losing run; BSE Metal index gains 2%, JSPL, Tata Steel up 5%
The uptick in metal prices augurs well for domestic metal companies as it would have a positive rub-off on their financial performance, going forward
 "Metals halt losing run; BSE Metal index gains 2%, JSPL, Tata Steel up 5%")
Hester Bio surges 22% in 2 days on tech transfer for manufacturing Covaxin
The technology transfer from Bharat Biotech will enable Hester to provide the drug substance from August 2021 to BB for its vaccine production
 "Hester Bio surges 22% in 2 days on tech transfer for manufacturing Covaxin")