Page 148 - Market Trends
AMC shares scale 52-week highs; HDFC, Nippon, Aditya Birla rally up to 5%
Shares of asset under management (AMC) companies were in demand on Tuesday as robust systematic investment plan (SIP) inflows helped sustain assets under management (AUM) growth momentum in January.
 "AMC shares scale 52-week highs; HDFC, Nippon, Aditya Birla rally up to 5%")
Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low
CLSA downgrades Asian Paints to 'sell'
 "Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low")
Sensex drops 533 pts in broad selling; IT, metals worst hit; VIX jumps 4%
Stock market highlights on Monday, February 26, 2024: The Nifty50 shut shop at 22,122, down 91 points or 0.41 per cent. The mid, small-cap indices fell up tp 0.3 per cent.
 "Sensex drops 533 pts in broad selling; IT, metals worst hit; VIX jumps 4%")
Adani Energy, Ambuja Cements: Adani group shares trade firm in weak market
Adani Enterprises and Adani Green Energy have touched their respective 52-week highs in intra-day trade today.
 "Adani Energy, Ambuja Cements: Adani group shares trade firm in weak market")
Data Patterns surges 24% in 3 days after govt eases space FDI norms
Since February 16, in past eight trading days, the market price of Data Patterns has zoomed 37% after the Singapore sovereign wealth fund GIC acquired over 6% stake valued at Rs 650 crore.
 "Data Patterns surges 24% in 3 days after govt eases space FDI norms")
This beverages stock has zoomed 107% in 8 months; hits Rs 2 trn market cap
In past one month, Varun Beverages has outperformed the market by surging 24 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.
 "This beverages stock has zoomed 107% in 8 months; hits Rs 2 trn market cap")
Ambuja Cements hits new high; here's why stock has rallied 46% in 3 months
Shares of Ambuja Cements hit an all-time high of Rs 608.50, up 3% on Friday, thus surpassing its previous high of Rs 598 registered on December 9, 2022.
 "Ambuja Cements hits new high; here's why stock has rallied 46% in 3 months")
Indo Count rallies 7%, hits record high on strong earnings growth prospects
Sunidhi Securities & Finance has initiated coverage on ICIL with a 'BUY' rating and a one-year price target of Rs 524
 "Indo Count rallies 7%, hits record high on strong earnings growth prospects")
This Tata group hotel stock has zoomed 100% in one year
Shares of Indian Hotels Company hit a new high of Rs 602.75, up 4% on the BSE in Friday's intra-day trade
 "This Tata group hotel stock has zoomed 100% in one year")
Vodafone Idea soars 9% on fund raising plan; Indus Towers up 5%
The company's board is scheduled to meet on February 27 to consider fundraising via equity or debt instruments.
 "Vodafone Idea soars 9% on fund raising plan; Indus Towers up 5%")
Jio Financial market cap crosses Rs 2 trillion; surges 20% in one week
Shares of Jio Financial hit a record high of Rs 325 in intra-day deals on Friday backed by near two-fold jump in trading volumes on the BSE.
 "Jio Financial market cap crosses Rs 2 trillion; surges 20% in one week")
HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline
Analysts at CLSA believe that HPCL, BPCL and IOC were pricing-in much higher than historical marketing margins, and a notable premium to the global peers
 "HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline")
NCC hits new high; stock rallies 47% in two months on positive outlook
Given the strong revenue growth of 41 per cent in 9MFY24, NCC has upgraded its revenue guidance from 20% plus to 30-33% year-on-year growth in FY24
 "NCC hits new high; stock rallies 47% in two months on positive outlook")
Space related shares rally up to 13% after government eases FDI norms
MIDHANI surged 13 per cent, while MTAR Technologies soared 9 per cent, followed by Data Patterns (India) and Astra Microwave Products
 "Space related shares rally up to 13% after government eases FDI norms")
Stock of this upstream company has zoomed 100% in three months
In the past eight trading days, Oil India has surged 31% after the company achieved a commendable 5.68 per cent increase in crude oil production, reaching 2.511 million metric tonnes in Q3FY24
 "Stock of this upstream company has zoomed 100% in three months")
Grauer & Weil hits new high on bonus issue plan; zooms 50% thus far in CY24
The board of directors of the company is scheduled to meet on Monday, February 26, 2024, to consider Issue of bonus shares to the shareholders of the company.
 "Grauer & Weil hits new high on bonus issue plan; zooms 50% thus far in CY24")
Analysts bullish on ABB India's biz outlook; stock zooms 19% in two days
ABB, analysts said, is benefiting from demand tailwinds emerging from high-growth areas such as renewables, data centers, railways, metros, and electronics
 "Analysts bullish on ABB India's biz outlook; stock zooms 19% in two days")
Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%
The company will launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Haryana, Punjab and Tamil Nadu today on February 22, 2024.
 "Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%")
Medplus slips 2% after board defers expansion plan of diagnostics division
The company's board on Wednesday decided to defer the expansion plans for Diagnostics Division beyond Hyderabad, until the profitability of the pilot project was established.
 "Medplus slips 2% after board defers expansion plan of diagnostics division")
Zee Entertainment soars 12% on reports of fresh merger discussion with Sony
ZEEL and Sony Group are in discussions that may save the $10 billion merger that the Japanese conglomerate had called off on January 22
 "Zee Entertainment soars 12% on reports of fresh merger discussion with Sony")