Page 718 - Buzzing Stocks
AU Small Finance Bank slips 8% on asset quality concerns
The announcement of a lockdown in a few states can have some impact on the lender's collection efficiency and the demand outlook, and thus would be a key monitorable
 "AU Small Finance Bank slips 8% on asset quality concerns")
Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks
Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021
 "Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks")
Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks
Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021
IndiaMART InterMESH tanks 8% on weak operational performance in March qtr
The B2B e-commerce firm's total income increased just 1 per cent to Rs 190 crore during the reported quarter
 "IndiaMART InterMESH tanks 8% on weak operational performance in March qtr")
KPIT Technologies zooms 8% as margins expand 150 bps YoY in Q4
The Pune-based IT services firm reported net profit of Rs 47 crore for the fourth quarter ended March 31, 2021 up 23.6 per cent year-on-year
 "KPIT Technologies zooms 8% as margins expand 150 bps YoY in Q4")
This Jhunjhunwala stock falls amid margin dip in Q4; should you sell?
Titan's operating margins contracted 210 basis points in Q4 to 10.9 per cent, as against 13 per cent a year ago
 "This Jhunjhunwala stock falls amid margin dip in Q4; should you sell?")
Asset quality, second Covid wave concerns weigh on AU Small Fin Bank stock
The gross non-performing assets (NPAs) spiked to 4.25 per cent of gross advances as of March 31, 2021, from 1.68 per cent in the same period last year
Brokerages remain hooked to HUL post Q4 numbers, eye up to 24% upside
Following the results, most brokerages retained their bullish stance on the stock and advised either buying or holding it
 "Brokerages remain hooked to HUL post Q4 numbers, eye up to 24% upside")
Tata Coffee surges 9%, hits 52-week high as Q4 profit jumps 2 fold
Net income during the quarter under review rose by 17 per cent year-on-year (YoY) to Rs 612.06 crore from Rs 523.46 crore
 "Tata Coffee surges 9%, hits 52-week high as Q4 profit jumps 2 fold")
Wipro hits 52-week high as firm revises Q1FY22 revenue guidance
Wipro in an exchange filing earlier today said it expects revenue from its IT services business to be in the range of $2,324-$2,367 million during the first quarter of FY22.
 "Wipro hits 52-week high as firm revises Q1FY22 revenue guidance")
Stocks to watch: RIL, IndusInd Bank, Titan, Ujjivan Fin Services, Wipro
A special resolution to appoint Samit Ghosh as CEO of Ujjivan Financial Services was defeated as it didn't get the requisite share of votes
 "Stocks to watch: RIL, IndusInd Bank, Titan, Ujjivan Fin Services, Wipro")
Axis Bank Q4: Growth accelerates but sustainability is key, say analysts
Axis Bank on Tuesday reported gross non-performing assets (GNPAs) and net NPAs (NNPAs) of 3.7 per cent and 1.05 per cent in Q4FY21, down from 4.55 per cent and 1.19 per cent (pro forma) in Q3FY21
 "Axis Bank Q4: Growth accelerates but sustainability is key, say analysts")
UTI AMC hits 52-week high as firm returns to profit in March quarter
The shares of the company have gained nearly 16 per cent over its issue price of Rs 554
 "UTI AMC hits 52-week high as firm returns to profit in March quarter")
IndusInd Bank gains 13% in 4 days ahead of Q4 result; here's what to expect
The Street is factoring-in a solid bottom line growth, with up to 261 per cent year-on-year gain in net profit
 "IndusInd Bank gains 13% in 4 days ahead of Q4 result; here's what to expect")
Morepen Laboratories rallies 17% in two days on fundraising plans
Morepen Laboratories board approved the issue of up to 5 crore equity shares to Liquid Holdings, an entity belonging to the promoter group of the company, at a price of Rs 38 per equity share
 "Morepen Laboratories rallies 17% in two days on fundraising plans")
RattanIndia Enterprises hits 5% upper circuit as firm forays into EV space
As part of the deal, RattanIndia Enterprises will have 50 per cent board presence in Revolt Intellicorp and Rajiv Rattan will be chairman of the board of Revolt
 "RattanIndia Enterprises hits 5% upper circuit as firm forays into EV space")
RIL gains 2% on report co discusses stake sale with Aramco; up 7% this week
According to a report by Financial Times, RIL has held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm
 "RIL gains 2% on report co discusses stake sale with Aramco; up 7% this week")
Stocks to watch: HUL, Bajaj Auto, RIL, Tata Communications, Titan, SIS
Analysts expect HUL to post high double-digit growth in both net profit and revenues of the company on a yearly basis
 "Stocks to watch: HUL, Bajaj Auto, RIL, Tata Communications, Titan, SIS")
Bajaj Finance gains 8% despite a miss on Q4 nos; brokerages remain mixed
HDFC Securities notes that Bajaj Finance reported muted performance primarily on account of higher employee expenses
 "Bajaj Finance gains 8% despite a miss on Q4 nos; brokerages remain mixed")
Anupam Rasayan hits 52-week high on securing order worth Rs 1,100 crore
The company will be providing multiple products to the multinational firm for the next five years
 "Anupam Rasayan hits 52-week high on securing order worth Rs 1,100 crore")