Page 764 - Buzzing Stocks
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.
 "TVS Sricharka surges 32% in 4 days after announcing Rs 1,000 cr capex plan")
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")
Dixon Technologies' stock has surged 37% in 2 mths; will the rally sustain?
Analysts at JM Financials believe Dixon Technologies' growth momentum is likely to accelerate over the next 5 years due to entry in smartphones through the PLI scheme
 "Dixon Technologies' stock has surged 37% in 2 mths; will the rally sustain?")
Apollo Tyres hits 52-week high on heavy volumes, surges 66% in 3 months
Analysts expect the revenue growth for Apollo Tyres to accelerate, as the truck OEM segment is on the path to recovery and the replacement segment remains robust
 "Apollo Tyres hits 52-week high on heavy volumes, surges 66% in 3 months")
UPL recovers a day after tumbling 11%; here is what brokerages say
In a clarification on the reports, the company said that this was an old matter and was reported to the audit committee in 2017.
 "UPL recovers a day after tumbling 11%; here is what brokerages say")
Oil & Gas shares in focus; ONGC, Oil India, Gail rally up to 10%
On Thursday, Brent Crude prices crossed $50 per barrel-mark for the first time since March on demand recovery and hopes of Covid-19 vaccine
 "Oil & Gas shares in focus; ONGC, Oil India, Gail rally up to 10%")
ACC, Cipla: 66 stocks from Nifty 500 index are showing weakness on charts
Few pharma stocks are expected to weaken at higher levels.
 "ACC, Cipla: 66 stocks from Nifty 500 index are showing weakness on charts")
NMDC gains 5% on higher iron ore prices; stock surges 24% in a month
The rally in global iron ore prices augurs well for NMDC as it provides the domestic iron ore major likely room to increase its prices further, thereby auguring well for the company.
 "NMDC gains 5% on higher iron ore prices; stock surges 24% in a month")
L&T trades higher for seventh straight day; stock hits over 9-month high
In the past one month, L&T has outperformed the market by gaining 15 per cent as against a 6-per cent rise in the S&P BSE Sensex
 "L&T trades higher for seventh straight day; stock hits over 9-month high")
Logistics shares extend rally; Snowman Logistics gains 96% in 5 weeks
Snowman Logistics and SpiceJet have signed an MoU for jointly engaging in storage, transportation and distribution of Covid-19 vaccines
 "Logistics shares extend rally; Snowman Logistics gains 96% in 5 weeks")
IFCI hits 52-week high on heavy volumes; stock rallies 73% in six days
The company expects improvement in the asset portfolio quality as well as cash flow of the company, due to various strategic initiatives including measures for recovery were initiated during FY20
 "IFCI hits 52-week high on heavy volumes; stock rallies 73% in six days")
UPL tanks 15% on whistleblower complaint; BSE seeks clarification
According to reports, the whistleblower has alleged that UPL entered into rent deals with the shell company owned by its employees. UPL has denied these allegations.
 "UPL tanks 15% on whistleblower complaint; BSE seeks clarification")
Nifty FMCG index hits fresh record high; Nestle, Godrej Consumer rise 3%
Among individual stocks, ITC was up 1 per cent at Rs 208, surging 17 per cent in past one month.
 "Nifty FMCG index hits fresh record high; Nestle, Godrej Consumer rise 3%")
Shipping Corporation hits over 2-year high; stock zooms 60% in 3 weeks
The government has decided to sell its entire 63.75 per cent stake in SCI
 "Shipping Corporation hits over 2-year high; stock zooms 60% in 3 weeks")
Kalpataru Power dips 15% in 2 days after capex plan for office construction
The board has approved capital expenditure of approximately Rs 207 crore towards the purchase of land and will further incur approximately Rs 170 crore towards other expenses.
 "Kalpataru Power dips 15% in 2 days after capex plan for office construction")
IRCTC shares tumble 13% as government's stake sale via OFS begins
The promoter proposes to sell up to 24 million equity shares of IRCTC, representing up to 15 per cent stake, with an option to additionally sell 5 per cent of the total equity capital
 "IRCTC shares tumble 13% as government's stake sale via OFS begins")
JK Paper, Star Paper Mills: Is it the right time to invest in paper stocks?
Major paper stocks have crossed their respective 200-DMA.
 "JK Paper, Star Paper Mills: Is it the right time to invest in paper stocks?")
Cement stks dip as CCI raids cement cos on price cartelisation allegations
The CCI has initiated an investigation against cement companies in India regarding alleged anti-competitive behaviour
 "Cement stks dip as CCI raids cement cos on price cartelisation allegations")