Page 151 - Market Trends

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.

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

Capital Small Finance Bank lists on a tepid note; dips 8% below issue price

The stock listed at Rs 430.05, 8 per cent below its issue price of Rs 468 per share on the National Stock Exchange.

Jana Small Finance Bank makes weak debut; lists 4% below issue price

The Rs 570-crore initial public offer (IPO) was subscribed 19.89 times, with steady demand across investor categories.

Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?

The index had slipped below the 50-DMA back in November 2023, too, but recovered.

Paytm hits new low, falls 10% after Macquarie slashes target to Rs 275

Macquarie sharply cut the target price to Rs 275 from Rs 650, driven by a reduction in revenues across various segments

RIL becomes 1st Indian co to hit Rs 20 trn m-cap; stock up 29% in 3 months

In the past three months, the RIL stock has surged 29 per cent, outperforming the Sensex (which is up 10 per cent), amid renewed optimism around its growth prospects

This recently listed IPO has slipped 49% from high, dips below issue price

Shares of Flair Writing Industries hit a record low of Rs 264.65 as they were locked in the 10-per cent lower circuit on the BSE on Tuesday

Bharat Forge sinks 13% as growth concerns lead to profit booking

Looking ahead in the Q4 & further into FY25, the management said it expects the growth momentum to moderate in both Domestic & Export markets across industries.

SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits

Dhunseri Ventures, WPIL, Jai Corp, Jai Balaji, Waaree Renewable, Apollo Micro, Newgen Software, KPI Green, TRIL and Suzlon Energy were non-CPSEs which were locked in their 5 per cent down circuits

Apeejay Surrendra Park Hotels lists at 21% premium over its issue price

The stock listed at Rs 187, a 21 per cent premium over its issue price of Rs 155 per share on the BSE on Monday

Tata Power dips 6% on profit booking post Q3 results

As the country witnesses a surge in power demand, Tata Power is well positioned to capitalise on the growth momentum, the management said

Amber Enterprises slips 12% on weak December quarter earnings

Increase in finance cost, owing to increase in interest rates and higher depreciation on account of capex done in last year and this year, led to decline in profit after tax

Cement shares soar up to 17%; ACC, Birla Corp, JK Lakshmi hit 52-week highs

Analysts believe cement demand would remain healthy aided by expedited pre-election government spend, continued focus of infrastructure development.

This Mukul Agrawal-owned pharma stock has zoomed over 200% in 9 months

Neuland Lab hit a new high of Rs 6,910, rallied 6% after reported robust earnings with profit after tax more than doubled to Rs 80.7 crore in Q3FY24, on back of healthy operational performance.

CPSE index cracks 5% on profit booking; PFC, RVNL, MSTC tank up to 16%

In the past one month, the CPSE index has rallied 19 per cent, while, in three months, it has soared 53 per cent

Escorts Kubota plunges 10%, hits 5-month low on disappointing Q3 results

The company expects a 6-7 per cent volume decline for the overall tractor industry in FY24 and a weak Q1FY25 if elections are declared during the said period.

Divergent trend seen in Nifty FMCG, Metal and Realty; check key levels

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG exudes a bullish short-term trend; while the Metal and Realty indices suggests a sell strategy.

LIC surges 10%; storms into top-5 most-valued club as m-cap tops Rs 7 trn

LIC with a market cap of Rs 7.24 trillion overtook Infosys to break into the top-5 club; Stock has gained 38 per cent in the last one month.

Rate sensitive shares trade mixed post RBI policy; SBI surges 6%

The Reserve Bank of India's Monetary Policy Committee (RBI MPC) on Thursday decided to keep the repo rate unchanged at 6.5 per cent for the sixth consecutive time.