Page 759 - Buzzing Stocks
SAIL hits 2-year high, zooms 100% in 2 months on strong earnings outlook
Analysts at Edelweiss Broking expect SAIL's performance to improve further driven by realisation uptick, volume growth and iron ore sales providing an additional revenue stream
 "SAIL hits 2-year high, zooms 100% in 2 months on strong earnings outlook")
Adani Gas hits new high; stock zooms 408% from March 2020 low
Analysts at ICICI Securities have a positive outlook on the stock from a long term perspective as Adani Gas is well poised to benefit from India's growing CGD sector.
 "Adani Gas hits new high; stock zooms 408% from March 2020 low")
IFGL Refractories hits 52-week high on rating upgrade, leaps 53% in a month
Rating agency ICRA has upgraded credit rating assigned to Rs 173 crore LOC of the company with a stable outlook
 "IFGL Refractories hits 52-week high on rating upgrade, leaps 53% in a month")
Coromandel slips 6% after block deals; EID Parry hits 52-week high
Around 6.51 million equity shares, representing 2.2 per cent of total equity of Coromandel International, changed hands via block deal on the BSE at open
 "Coromandel slips 6% after block deals; EID Parry hits 52-week high")
Snowman Logistics soars 13%, nears 52-week high on heavy volumes
Adani Logistics has been offloading its stake in the Snowman Logistics via open market operations
 "Snowman Logistics soars 13%, nears 52-week high on heavy volumes")
IFB Industries rallies 57% in a month on healthy growth outlook
India Ratings and Research (Ind-Ra) recently affirmed IFB Industries' long-term issuer rating at 'IND AA-' with a stable outlook
 "IFB Industries rallies 57% in a month on healthy growth outlook")
Rossari Biotech stock advances 11% to hit new high since listing
In the past one month, the stock has outperformed the market by gaining 25 per cent, as compared to a 7.5 per cent rise in the S&P BSE Sensex.
 "Rossari Biotech stock advances 11% to hit new high since listing")
BSE Smallcap index hits 31-month high; Paisalo Digital zooms 53% in 4 days
SORIL Infra, Paisalo Digital, Fineotex Chemical, Rupa & Co, Borosil Renewables, Nava Bharat Ventures and Hindustan Foods rallied up to 20% on the BSE in intra-day trade
 "BSE Smallcap index hits 31-month high; Paisalo Digital zooms 53% in 4 days")
Wipro hits new high, trades close to buyback price of Rs 400
Analysts believe cultural shift and growth focus was long overdue in Wipro and see bold management initiatives translating into large deal wins for the company
 "Wipro hits new high, trades close to buyback price of Rs 400")
Borosil Renewables hits new high; stock zooms 113% in 11 days
The company's shares were locked in 10 per cent upper circuit limit on the BSE
 "Borosil Renewables hits new high; stock zooms 113% in 11 days")
Fineotex Chemical surges 29% in 2 days after Nippon India MF buys 6% stake
On December 28, 2020, Nippon India MF acquired 6.61 million equity shares of Fineotex Chemical for about Rs 30 crore through block deal on the BSE
 "Fineotex Chemical surges 29% in 2 days after Nippon India MF buys 6% stake")
Dixon soars 7% as arm inks pact with Motorola to manufacture smartphones
The stock of the consumer electronics company was trading close to its record high level of Rs 13,907, hit on December 18
 "Dixon soars 7% as arm inks pact with Motorola to manufacture smartphones")
Pilani Investments surges 14%, hits 34-month high ahead of 2:5 bonus issue
The Company has fixed Saturday, January 2, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares of the company
NIIT hits 52-week high after board approves Rs 237 crore buyback proposal
The stock hit a fresh 52-week high of Rs 209.90 today, rallied 21% in past four trading days after the company announced share buyback plan.
 "NIIT hits 52-week high after board approves Rs 237 crore buyback proposal")
Dish TV slips 10% on demand notice of Rs 4,164 crore from govt
The company said the DTH License fee matter has already been through several rounds of litigation, the final outcomes of which are yet to be argued and concluded
 "Dish TV slips 10% on demand notice of Rs 4,164 crore from govt")
Hindustan Foods advances 41% in 4 days on Rs 125 crore capex plan
The management said the demand for contract manufacturing in FMCG industry is growing rapidly.
 "Hindustan Foods advances 41% in 4 days on Rs 125 crore capex plan")
Paisalo Digital soars 20% after SBI Life buys 9% stake via open market
Incorporated in 1992, Paisalo Digital is registered with the Reserve Bank of India (RBI) as a non-deposit taking non-banking finance company (NBFC)
 "Paisalo Digital soars 20% after SBI Life buys 9% stake via open market")
Firstsource Solutions jumps 16% to hit new high; stock zooms 48% in 4 days
On December 23, Firstsource Solutions announced that the firm has acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider
 "Firstsource Solutions jumps 16% to hit new high; stock zooms 48% in 4 days")
Tata Motors gains 4% after UK, EU agree historic Brexit trade deal
The European Union so far has been a 'single market,' for the Tata Motors-owned Jaguar Land Rover (JLR) but this is set to change after the UK's exit from the European Union
 "Tata Motors gains 4% after UK, EU agree historic Brexit trade deal")
Stocks to watch: Cadila Health, NIIT, BEML, Dish TV, RIL, DLF, Coal India
The board of NIIT has approved buyback of 98.75 lakh equity shares of face value of Rs 2 each.
 "Stocks to watch: Cadila Health, NIIT, BEML, Dish TV, RIL, DLF, Coal India")