Page 769 - Buzzing Stocks
Auto shares in focus ahead of November sales; Tata Motors, TVS Motor up 5%
Cummins India, Ashok Leyland, Motherson Sumi, Bajaj Auto, Balkrishna Industries, Exide Industries and Amara Raja Batteries from the auto index were up between 3 per cent and 5 per cent on the BSE
 "Auto shares in focus ahead of November sales; Tata Motors, TVS Motor up 5%")
Laurus Labs gains 7% in two days on acquisition of Richcore Lifesciences
Motilal Oswal Securities maintains 'buy' rating on Laurus Labs with target price of Rs 410 per share
 "Laurus Labs gains 7% in two days on acquisition of Richcore Lifesciences")
Tube Investments to raise funds from Azim Premji Trust, SBI MF; stock up 5%
The company has agreed to raise Rs 350 crore on a private placement basis via preferential allotment to Azim Premji Trust and two schemes of SBI Mutual Fund (MF)
 "Tube Investments to raise funds from Azim Premji Trust, SBI MF; stock up 5%")
Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff
Gujarat Gas soared 19%, Indraprastha Gas hit 10% upper circuit, while Mahangar Gas, Adani Gas and GSPL were up between 9% and 18% on the BSE
 "Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff")
Steel stocks extend rally; JSW Steel, Tata Steel hit fresh 52-week highs
SAIL and Jindal Steel and Power rallied 7 per cent and 6 per cent, respectively on the BSE
 "Steel stocks extend rally; JSW Steel, Tata Steel hit fresh 52-week highs")
Dixon Technologies hits new high; stock zooms 290% from March low
Despite the disruption in operations due to the Covid-19 pandemic-related lockdown, Dixon Technologies has witnessed strong recovery in business post easing of Covid-19-related curbs
 "Dixon Technologies hits new high; stock zooms 290% from March low")
Rushil Decor hits 52-week high; zooms 64% in 3 days on heavy volumes
The stock hit a 52-week high of Rs 147, up 18% on the BSE in the intra-day trade today, and surpassed its previous high of Rs 139 touched in November 2019
 "Rushil Decor hits 52-week high; zooms 64% in 3 days on heavy volumes")
ICICI Lombard hits new high, enters the top 50 most-valued companies list
The stock rallied 6 per cent to Rs 1,464 on the BSE, surpassing its previous high of Rs 1,439.90 touched on December 26, 2019.
 "ICICI Lombard hits new high, enters the top 50 most-valued companies list")
SBI Life, HDFC Life: Should you bet on insurance stocks amid Covid-19?
ICICI Lombard is heading towards an all-time high of Rs 1,440.40 with strong intensity.
 "SBI Life, HDFC Life: Should you bet on insurance stocks amid Covid-19?")
Sugar shares in focus; EID Parry hits 52-week high, Triveni surges 6%
KCP Sugar & Industries, Uttam Sugar Mills and Avadh Sugar & Energy were up between 8 per cent and 18 per cent on the BSE
 "Sugar shares in focus; EID Parry hits 52-week high, Triveni surges 6%")
Puravankara shares hit a fresh 52-week high, rally 80% in three weeks
According to a report, Godrej Fund is in talks with Bengaluru-based developer for Rs 1,200 crore deal.
 "Puravankara shares hit a fresh 52-week high, rally 80% in three weeks")
Siemens rallies 8% on good operational performance in September quarter
The EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin improved 180 basis points (bps) YoY to 12.9 per cent, largely led by a 210bp YoY expansion in gross margins.
 "Siemens rallies 8% on good operational performance in September quarter")
Laurus Labs gains 5% on acquisition of Richcore Lifesciences
Laurus Labs has signed a definitive agreement to acquire 72.55 per cent of Richcore's shares from Eight Roads Ventures and VenturEast for a value of Rs. 246.7 crore
 "Laurus Labs gains 5% on acquisition of Richcore Lifesciences")
Tanla Platforms rebounds 11% from day's low; stock zooms 98% in one month
In the past 10 trading days, the market price of Tanla Platforms has soared 58 per cent after the company said its stock has been included in MSCI India Domestic Small Cap index
 "Tanla Platforms rebounds 11% from day's low; stock zooms 98% in one month")
ONGC, Aban Offshore: Oil exploration stocks may rally further, charts show
Oil prices gained for the fourth day on Wednesday, extending a rally driven by hopes that a Covid-19 vaccine will boost fuel demand.
 "ONGC, Aban Offshore: Oil exploration stocks may rally further, charts show")
Shriram Transport Finance hits 8-month high; stock soars 56% in November
Shriram Transport reported a better-than-expected net profit in Q2FY21 at Rs 685 crore, on the back of net interest income of Rs 2,022 crore and lower-than-estimated provisioning
 "Shriram Transport Finance hits 8-month high; stock soars 56% in November")
Emami gains 3%, hits 52-week high in an otherwise subdued market
Last week, the company announced its forays into home hygiene space with 'EMASOL'
 "Emami gains 3%, hits 52-week high in an otherwise subdued market")
Exploration stocks surge as oil prices rally on vaccine hope; ONGC up 4%
Oil prices hit their highest level since March amid news flow related to smooth US presidency transition and encouraging developments on the Covid-19 vaccine front
 "Exploration stocks surge as oil prices rally on vaccine hope; ONGC up 4%")
UTI AMC gains 3%, trades above issue price for the first time since listing
JM Financials Institutional Securities recently initiated coverage on UTI AMC with a 'BUY' rating and a target price of Rs 700
 "UTI AMC gains 3%, trades above issue price for the first time since listing")
BSE Auto index hits fresh 52-week high, zooms 100% from March low
Mahindra & Mahindra and Motherson Sumi Systems have rallied over 200 per cent from March lows.
 "BSE Auto index hits fresh 52-week high, zooms 100% from March low")