Page 763 - Buzzing Stocks
M&M gains 4% as Company to increase prices of PVs, CVs from January 1
M&M said the price hike has been necessitated due to the increase in commodity prices and various other input costs.
 "M&M gains 4% as Company to increase prices of PVs, CVs from January 1")
DHFL freezes at 5% lower circuit for second straight day on profit booking
Oaktree Capital has emerged as the highest bidder in a revised round of bidding for the troubled mortgage lender
 "DHFL freezes at 5% lower circuit for second straight day on profit booking")
Borosil Renewables hits fresh record high, zooms 39% in two days
The government is set to levy duty at 9.71 per cent on textured tempered coated or uncoated glass imports (of which the company is the sole manufacturer in India) from Malaysia
 "Borosil Renewables hits fresh record high, zooms 39% in two days")
Adani Ports, Bajaj Finance: These 62 stocks in Nifty500 promise smart gains
Among the Nifty 500 stocks, nearly 370 stocks are trading on the upper side of the momentum indicators
 "Adani Ports, Bajaj Finance: These 62 stocks in Nifty500 promise smart gains")
Bajaj Finance m-cap crosses Rs 3 trillion as stock hits new high
Growth guidance of around 25 per cent for FY22E and opportunity to apply for banking licence have resulted in renewed interest of investors in the stock, analysts said
 "Bajaj Finance m-cap crosses Rs 3 trillion as stock hits new high")
APL Apollo Tubes trades ex-date for 1:5 stock split, hits new high
In the past six months, the stock has rallied 150 per cent, as compared to a 38 per cent rise in the S&P BSE Sensex during the same period
 "APL Apollo Tubes trades ex-date for 1:5 stock split, hits new high")
A day after bumper debut, Burger King India shares surge another 20%
On Monday, Valiant Mauritius Partners Offshore purchased 2.5 million equity shares of Burger King India, worth Rs 32.57 crore, via bulk deal on the NSE
 "A day after bumper debut, Burger King India shares surge another 20%")
Majesco hits record high as Co's board approves interim dividend of Rs 974
Post monetisation of real estate, the Company will decide the best method for distribution of sale proceeds to shareholders, the company said.
 "Majesco hits record high as Co's board approves interim dividend of Rs 974")
KNR Constructions rallies 7% as board set to consider bonus issue
The board of directors of the Company is scheduled to meet on Friday to consider declaration of bonus shares and other related issues
 "KNR Constructions rallies 7% as board set to consider bonus issue")
Burger King more than doubles in stellar market debut. Should you stay put?
The company intends to utilise the issue proceeds to finance the roll-out of new company-owned Burger King Restaurants and to meet the general corporate purposes
 "Burger King more than doubles in stellar market debut. Should you stay put?")
PSU stocks in focus; Hindustan Copper, MMTC rally up to 20%
In past one month, the S&P BSE PSU index has rallied 17%, as compared to a 6% gain in the benchmark S&P BSE Sensex.
Ramco Systems hits 52-wk high on winning large multi-million dollar orders
In the past two trading days, the stock has gained 19 per cent from the level of Rs 518 hit on Thursday, December 10.
 "Ramco Systems hits 52-wk high on winning large multi-million dollar orders")
BSE Capital Goods index hits fresh 52-week high; L&T, BEL gain up to 3%
Given the likely recovery in capex from public sector, multilateral funded projects and certain process industries, analysts at ICICI Securities believe, companies like L&T will be key beneficiary
 "BSE Capital Goods index hits fresh 52-week high; L&T, BEL gain up to 3%")
Jubilant Food, Tata Coffee: Strategy for QSR stks post Burger King listing
An upmove above the resistance level of Rs 2,700 may trigger a rally towards Rs 3,000 mark in Jubilant FoodWorks, technical charts suggest
 "Jubilant Food, Tata Coffee: Strategy for QSR stks post Burger King listing")
Bharti Infratel nears 52-week high; stock zooms 40% in a month
The company said it has initiated due process for getting final approval from stock exchanges to update the name to Indus Towers
 "Bharti Infratel nears 52-week high; stock zooms 40% in a month")
Cipla rallies 5% after settling litigation with Bristol Myers in US
Bristol Myers (Celgene) will provide Cipla with a license to sell generic volume-limited amounts of gRevlimid capsules in the US sometime after March 2022, subject to regulatory approval
 "Cipla rallies 5% after settling litigation with Bristol Myers in US")
eClerx Services gains 4%, hits 52-week high as Company to acquire Personiv
The acquisition is expected to be closed by December 29, 2020, and will be paid in cash.
 "eClerx Services gains 4%, hits 52-week high as Company to acquire Personiv")
TVS Sricharka surges 32% in 4 days after announcing Rs 1,000 cr capex plan
The company said it is not a party to memorandum of family arrangement executed on December 10, 2020 between members of the TVS Family in order to record the terms of the family arrangement.
Ircon International, PNC Infratech advance up to 9% on order wins
PNC Infratech was up 8 per cent at Rs 189 after the company in JV with SPML Infra, announced receipt of LOA for an EPC project for 10 years of Rural Water Supply Project in UP.
 "Ircon International, PNC Infratech advance up to 9% on order wins")
Hinduja Global soars 17% to hit a 52-week high; stock gains 25% in 3 days
The company's subsidiary, HGS AxisPoint Health, has partnered with Parkland Community Health Plan (PCHP) to provide disease management services.
 "Hinduja Global soars 17% to hit a 52-week high; stock gains 25% in 3 days")