Page 719 - Buzzing Stocks

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

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

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

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

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

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

SBI board approves to raise $2 billion through bonds in FY22; stock up 3%

So far in the current calendar year, the scrip has soared 28.3 per cent on the BSE compared with the Sensex's 2.4 per cent gain

HDFC AMC sheds 3% on low Q4 AUM growth, loss in market share woes

The company on Tuesday reported a 26.52 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021

TVS Motor Company rallies 15% on better-than-expected Q4 show

The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and inter

Stocks to watch: Axis Bank, Britannia, Bajaj Finance, Info Edge, HDFC AMC

FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31

SBI Card Q4 results miss Street estimates; what should investors do now?

Analysts believe that the superior valuations of SBI Card and Payment stock would likely hold despite the near-term challenges

JSPL hits 52-week high as board approves divestment in Jindal Power

The equity value is an all-cash offer of Rs 3,015 crore, including 3,400 MW coal fired power plants in Chhattisgarh and other non-core assets owned by JPL

Metal shares extend rally; Nifty Metal index surges 18% in 2 months

Individually, Hindalco rose 6.2 per cent, Nalco (6 per cent), Adani Enterprises (3.4 per cent), and Welspun Corp (3 per cent)

Robust March quarter results drive Castrol India stock 7% higher

Castrol India's Managing Director Sandeep Sangwan attributed the good set of numbers to the focused investments, interventions and actions taken in the second half of 2020

Tech Mahindra slips post March quarter results; brokerages mixed on stock

The brokerages held mixed views on the stock post the March quarter performance, ranging from 'Buy' to 'Sell'

HDFC Life slips in a firm market amid profit booking post Q4 results

Analysts at Kotak Institutional Equities believe HDFC Life's rich valuation caps its upside

Stocks to watch: TechM, SBI Card, Axis Bank, Maruti, Britannia, TaMo

State-owned power giant NTPC has invited expression of interest (EoI) for the sale of desalinated water produced at its joint venture project NTECL Vallur in Tamil Nadu

Here is why analysts think ICICI Bank is the new growth leader post Q4 nos

Market mavens have revised their target price on the scrip on the upside to factor-in stable asset quality and steady growth momentum

Mphasis surges 6% as Blackstone to buy controlling stake in firm

Blackstone had bought around 61 per cent stake in Mphasis from Hewlett Packard Enterprise in 2016 in a deal worth up to $1.1 billion

Vedanta up 5% as Tamil Nadu govt allows Sterlite plant to produce oxygen

The order, however, added that Vedanta cannot involve the plant in copper production or any other activities