Page 746 - Buzzing Stocks
ITC hits new 52-week high, up 18% in 5 days; board to mull interim dividend
The stock jumped 4 per cent in Friday's intra-day trade to hit 52-week high of Rs 239 on the BSE
 "ITC hits new 52-week high, up 18% in 5 days; board to mull interim dividend")
Bajaj Electricals surges 18%, hits new high on robust Q3 results
The company's consumer product business has delivered a strong growth in this quarter despite continuing supply challenges and increase in commodity prices
 "Bajaj Electricals surges 18%, hits new high on robust Q3 results")
Stove Kraft off to a strong start, lists at 29% premium over issue price
The initial public offering of Stove Kraft had received good response from investors with the issue garnering 18 times subscription
 "Stove Kraft off to a strong start, lists at 29% premium over issue price")
PSU Bank index up 31% in 1 wk on strong SBI Q3 results, privatization hope
SBI, Indian Bank, Bank of Baroda, Canara Bank, Punjab National Bank and Bank of India were rallied between 25 per cent and 50 per cent in past one week.
 "PSU Bank index up 31% in 1 wk on strong SBI Q3 results, privatization hope")
Stocks to watch: Stove Kraft, Hero Moto, Britannia, M&M, Biocon, Tata Power
IRFC has sold $750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80 per cent per annum
 "Stocks to watch: Stove Kraft, Hero Moto, Britannia, M&M, Biocon, Tata Power")
PSBs extend gain on privatisation hope; Indian Bank surges 37% in 4 days
In past four trading days, Nifty PSU Bank index has rallied 18 per cent as compared to a 9 per cent gain in the benchmark Nifty50
 "PSBs extend gain on privatisation hope; Indian Bank surges 37% in 4 days")
Thermax advances 20% on recovery in order inflows in December quarter
Sectors such as steel, cement, chemical, pharma and food processing are likely to continue witnessing demand in the coming quarters, the company said
 "Thermax advances 20% on recovery in order inflows in December quarter")
Jubilant FoodWorks gains 8% on strong sales recovery in December quarter
As the Covid impact abates further, the management believes that the company is in for a period of strong, sustained growth in the future
 "Jubilant FoodWorks gains 8% on strong sales recovery in December quarter")
MRF stock on course to hit Rs 100,000-mark. Is it a good time to buy?
The monthly chart shows a strong bullish sentiment if the stock closes above 95,000 levels
 "MRF stock on course to hit Rs 100,000-mark. Is it a good time to buy?")
Prince Pipes soars 18%, hits new high on robust December quarter results
The firm's net profit rose 175 per cent year-on-year (YoY) to Rs 67 crore in the third quarter of FY21 on the back of higher revenues
 "Prince Pipes soars 18%, hits new high on robust December quarter results")
M&M rallies 19% in four days, hits fresh 52-wk high on strong tractor sales
The tractor demand continues to be strong with expansion in Rabi acreage, very high reservoir levels and higher liquidity in the hands of farmers with timely Kharif procurement
 "M&M rallies 19% in four days, hits fresh 52-wk high on strong tractor sales")
Bajaj Consumer zooms 33% in 2 days post Q3 results, dividend announcement
The company's board has recommended an interim dividend at the rate of 600 per cent i.e. Rs 6 per share of Re 1 each of the company
 "Bajaj Consumer zooms 33% in 2 days post Q3 results, dividend announcement")
Apollo Tyres surges 10%, hits 52-week high on strong Q3 results
The margin performance was helped by recovery in topline earnings, subdued raw material cost, and control over costs, the management said
 "Apollo Tyres surges 10%, hits 52-week high on strong Q3 results")
Stocks to watch: Airtel, Future Retail, SBI, Hero MotoCorp, Jubilant Food
HCL Technologies has formed a global strategic alliance with Alteryx, Inc to help companies with analytics automation and digital transformation priorities
 "Stocks to watch: Airtel, Future Retail, SBI, Hero MotoCorp, Jubilant Food")
This Jhunjhunwala-owned stock can rally another 21%: Analysts
Ace investor Rakesh Jhunjhunwala owns 4.75 per cent stake in Escorts as of December 2020 quarter
 "This Jhunjhunwala-owned stock can rally another 21%: Analysts")
IndusInd Bank stock soars 10% as Morgan Stanley raises target price by 14%
In its bull-case scenario, Morgan Stanley sees IndusInd Bank's stock price rising to Rs 2,030 levels in the next one-year
 "IndusInd Bank stock soars 10% as Morgan Stanley raises target price by 14%")
HDFC jumps 4.4% from day's low; analysts see up to 26% upside post Q3 nos
CLSA has raised its target price from Rs 2,850 on the back of strong beat on NII, improvement in net interest margin by 20 bps QoQ, and adequate provisioning of 1.4 per cent of AUM
 "HDFC jumps 4.4% from day's low; analysts see up to 26% upside post Q3 nos")
Home First Finance lists at 19% premium over issue price of Rs 518
The Rs 1,154 crore initial public offer (IPO) by the firm that ran between January 21-January 25 was subscribed 27 times
 "Home First Finance lists at 19% premium over issue price of Rs 518")
Future Group shares fall 5% as Delhi HC orders status quo on Reliance deal
Future Retail said the Company will explore all legal remedies and take appropriate steps to pursue the scheme of arrangement.
 "Future Group shares fall 5% as Delhi HC orders status quo on Reliance deal")
Nifty Pharma index surges 4%; Sun Pharma, Cipla hit 52-week highs
At 12:57 pm, Nifty Pharma index, the top gainer among sectoral indices, was up 4.2 per cent, as compared to 1.3 per cent gain in the benchmark Nifty50 index
 "Nifty Pharma index surges 4%; Sun Pharma, Cipla hit 52-week highs")