Page 150 - Market Trends
Stocks to Watch today: Airtel, Paytm, LIC, Bajaj Auto, Adani Group, HDFC Bk
Stocks to watch on Monday, February 19, 2024: Shares of Adani group are likely to be in focus as the group is said to be in advanced talks to raise up to $2.6 billion from sovereign funds.
 "Stocks to Watch today: Airtel, Paytm, LIC, Bajaj Auto, Adani Group, HDFC Bk")
F&O strategy: Bull spread on McDowell for the February series
Nandish Shah of HDFC Securities recommends to Buy McDowell 1150 CALL and simultaneously Sell 1200 CALL of the February expiry.
 "F&O strategy: Bull spread on McDowell for the February series")
Paytm hits 5% upper limit after registering new low; stock down 58% in Feb
Till 01:42 pm; a combined 20.95 million shares changed hands and there were pending buy orders for a combined 1.34 million shares on the NSE and BSE.
 "Paytm hits 5% upper limit after registering new low; stock down 58% in Feb")
M&M hits new high, up 12% in 2 days; strong Q3, Volkswagen deal aid buying
M&M and Volkswagen have signed supply agreement on the use of key electric components of the German carmaker's open platform for electric vehicles (EVs).
 "M&M hits new high, up 12% in 2 days; strong Q3, Volkswagen deal aid buying")
Stock of this debutant SME solar company has zoomed 215% over issue price
On Thursday, BofA Securities Europe SA purchased 220,800 equity shares of Alpex Solar at price of Rs 337.47 per share on the NSE via a bulk deal
 "Stock of this debutant SME solar company has zoomed 215% over issue price")
Auto shares rally; Maruti Suzuki, TVS, Hero Moto, Bajaj, M&M hit new highs
In the past one month, the S&P BSE Auto index has rallied 10 per cent against a 1 per cent decline in the S&P BSE Sensex
 "Auto shares rally; Maruti Suzuki, TVS, Hero Moto, Bajaj, M&M hit new highs")
Entero Healthcare makes weak debut; lists 5% below its issue price
The stock listed at Rs 1,201.10, a 5 per cent below its issue price Rs 1258 per share on the BSE in Friday
 "Entero Healthcare makes weak debut; lists 5% below its issue price")
Stocks to Watch today: IndiGo, ONGC, Oil India, Paytm, NBCC, SpiceJet, UPL
Stocks to watch on Friday, February 16, 2024: Oil producers to be in focus post windfall tax hike; Entero Healthcare to list debut today.
 "Stocks to Watch today: IndiGo, ONGC, Oil India, Paytm, NBCC, SpiceJet, UPL")
Nifty Energy to face stiff resistance at 40,000; Pharma seems range-bound
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is trading in overbought zone, hence some reversal can be anticipated.
 "Nifty Energy to face stiff resistance at 40,000; Pharma seems range-bound")
Zomato zooms 5%, nears record high after CLSA raises target price by 22%
CLSA maintained its 'buy' rating on Zomato and lifted the target price from Rs 181 to Rs 227 per share.
 "Zomato zooms 5%, nears record high after CLSA raises target price by 22%")
Share price of this ONGC subsidiary has zoomed over 100% in 3 months
The stock price of Mangalore Refinery & Petrochemicals (MRPL) hit a new high of Rs 240 as it surged 18 per cent on the BSE amid heavy volumes.
 "Share price of this ONGC subsidiary has zoomed over 100% in 3 months")
Mahindra & Mahindra rallies 6%, nears record high on solid Q3 performance
The company said the automotive business continues to gain market share with SUV at 21.0% and LCV at 49.6%, and the farm market share has improved 80 bps to 41.8% despite a decline in the industry.
 "Mahindra & Mahindra rallies 6%, nears record high on solid Q3 performance")
Hindustan Unilever hits fresh 52-week low; brokerages share mixed outlook
Analysts at Emkay Global Financial Services believe demand slowdown, competitive pressure, distribution stress, and rising royalty rates are likely to have an overhang on HUL's valuations.
 "Hindustan Unilever hits fresh 52-week low; brokerages share mixed outlook")
Lumax Auto hits all-time high; zooms 28% in 3 days on healthy Q3 results
The management said the positive momentum is anticipated to continue in current quarter, driven by a rising aspirational demand among consumers for vehicle ownership
Oil India hits new high, surges 15% in 2 days on strong production outlook
Oil India's earnings growth over the next 3-5 years is likely to be aided by expansion of Numaligarh Refinery Limited (NRL).
 "Oil India hits new high, surges 15% in 2 days on strong production outlook")
Jefferies stays bullish on PSU stocks: SBI, Coal India, NTPC lead the way
The recent outperformance (before the sharp fall in past sessions), Jefferies said, was helped by earnings per share (EPS) upgrades and return on equity (RoE) improvement.
 "Jefferies stays bullish on PSU stocks: SBI, Coal India, NTPC lead the way")
SBI extends rally post Q3 results; soars 5% to new high on steady outlook
In past 15 trading days, the market price of SBI has zoomed 24 per cent as the bank's management remains confident on growth, maintenance of margins and improvement in RoA ahead
 "SBI extends rally post Q3 results; soars 5% to new high on steady outlook")
NALCO surges 10% on heavy volumes on strong Q3 earnings
Earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 68 per cent YoY to Rs 770 crore, driven by better operating performance in the aluminum business.
 "NALCO surges 10% on heavy volumes on strong Q3 earnings")
HDFC Bank hits 52-week low; slips 18% in 1 month wiping out Rs 2.3 trn mcap
Shares of HDFC Bank hit a 52-week low of Rs 1,363.45, down 2%, falling below its previous low of Rs 1,382.40 touched on January 24.
 "HDFC Bank hits 52-week low; slips 18% in 1 month wiping out Rs 2.3 trn mcap")
Stock of this specialty chemicals company has zoomed 46% in last three days
Shares of Jubilant Industries hit a record high as they remained locked in the 20 per cent upper circuit on the BSE in Wednesday's intra-day trade in an otherwise weak market