Page 782 - Buzzing Stocks
Rallis India declines 5% as revenue slip 3% in September quarter
The consolidated net profit de-grew 2 per cent to Rs 83 crore as against Rs 85 crore in the year-ago quarter
 "Rallis India declines 5% as revenue slip 3% in September quarter")
Larsen & Toubro gains 3% on hopes of contract win for bullet train project
L&T has emerged as the lowest bidder in the financial bids for the design and construction of civil works for 47 per cent of the alignment of the Mumbai-Ahmedabad High-Speed Rail corridor
 "Larsen & Toubro gains 3% on hopes of contract win for bullet train project")
Britannia declines 5% as Q2 revenue slightly misses analysts' expectations
Total revenue from operations climbed 12.15 per cent to Rs 3,419.11 crore during the quarter under review.
 "Britannia declines 5% as Q2 revenue slightly misses analysts' expectations")
ACC rises 4% post September quarter results; other cement stocks rally too
ACC said the efficiency and cost reduction drove Ebitda margin expansion by 328 basis points during the quarter
 "ACC rises 4% post September quarter results; other cement stocks rally too")
Amber zooms 28% in 2 days after govt ban on import of ACs with refrigerants
The government on Thursday banned imports of air conditioners with refrigerants with a view to promote domestic manufacturing and cut imports of non essential items
 "Amber zooms 28% in 2 days after govt ban on import of ACs with refrigerants")
Britannia trades nearly 1% higher ahead of Q2 nos; here's what to expect
Analysts at Edelweiss Securities estimate Britannia's revenue, EBITDA and net profit to jump 15 per cent, 31.8 per and 23.8 per cent year-on-year (YoY), respectively.
 "Britannia trades nearly 1% higher ahead of Q2 nos; here's what to expect")
Cosmo Films surges 9% as Board to consider share buyback plan
The board of directors of the company is scheduled to meet on Monday, October 26, 2020 to consider the proposal for buy-back of equity shares of the Company
 "Cosmo Films surges 9% as Board to consider share buyback plan")
Jet Airways extends gain after CoC nod for revival plan; up 47% in 8 days
The committee of creditors of Jet Airways has approved the resolution plan of consortium of Kalrock Capital-Murari Lal Jalan.
 "Jet Airways extends gain after CoC nod for revival plan; up 47% in 8 days")
Analysts see up to 27% upside in HDFC Bank's stk price post Q2; here's why
The country's largest private lender clocked an 18.4 per cent year-on-year (YoY) growth in its net profit on substantial growth in interest earnings and other income
 "Analysts see up to 27% upside in HDFC Bank's stk price post Q2; here's why")
HAL, BEL: Stocks of these Navratanas can add sparkle to your portfolio
These stocks may see strong rebound if the crucial levels are defended
 "HAL, BEL: Stocks of these Navratanas can add sparkle to your portfolio")
Bank stocks in focus on good operational show by Federal, HDFC Bank in Q2
ICICI Bank, Axis Bank Federal Bank, Bandhan Bank and RBL Bank from the Nifty Bank index were up more than 4 per cent on the National Stock Exchange (NSE)
 "Bank stocks in focus on good operational show by Federal, HDFC Bank in Q2")
DHFL hits 10% upper circuit on report of Adani, Piramal submitting bids
The Administrator of the Company has received four resolution plans with respect to the options given to the Prospective Resolution Applicants
 "DHFL hits 10% upper circuit on report of Adani, Piramal submitting bids")
SRF hits a fresh record high on successful fundraising through QIP issue
ICICI Prudential Mutual Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Nippon Life India Asset Management, and SBI Mutual Fund have allotted shares in QIP.
 "SRF hits a fresh record high on successful fundraising through QIP issue")
Avenue Supermarts falls 2% as profit dips 38% YoY in September quarter
Ebitda margin contracted 240 basis points to 6.2 per cent in Q2FY21 from 8.6 per cent in the year-ago quarter
 "Avenue Supermarts falls 2% as profit dips 38% YoY in September quarter")
IDBI Bank surges 18% on government stake sale plan report
In January 2019, Life Insurance Corporation (LIC) completed the acquisition of a 51 per cent controlling stake in the lender.
 "IDBI Bank surges 18% on government stake sale plan report")
Steel stocks in focus; JSW Steel hits 52-week high, Tata Steel surges 5%
Motilal Oswal Financial Services believes strong steel demand and prices in China, if it sustains, would be beneficial for steel prices in the region as well as India
 "Steel stocks in focus; JSW Steel hits 52-week high, Tata Steel surges 5%")
This beaten-down stock has zoomed 306% in 6 weeks after restart of trading
Currently, the stock is trading under 'T' category on the BSE, under all trades are settled on trade-to-trade (T2T) basis
 "This beaten-down stock has zoomed 306% in 6 weeks after restart of trading")
Cyient gains 5% as Q2 consolidated Ebit margin grows 586 bps QoQ to 11%
In the past month, Cyient has underperformed the market by falling 13 per cent, as compared to a 1.5 per cent rise in the S&P BSE Sensex till Thursday.
 "Cyient gains 5% as Q2 consolidated Ebit margin grows 586 bps QoQ to 11%")
Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?
Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.
 "Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?")
Angel Broking, Chemcon Speciality, Happiest Minds hit new lows since debut
Chemcon Speciality Chemicals slipped 5 per cent to Rs 398.65 on the BSE today. The stock of the speciality chemicals has slipped 46 per cent from its listing day's high of Rs 743.80 hit on October 1
 "Angel Broking, Chemcon Speciality, Happiest Minds hit new lows since debut")