Page 155 - Market Trends
Aarti Ind jumps 13% in 2 days on winning long-term contract worth Rs 6K cr
The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs 6,000 crore for the company
 "Aarti Ind jumps 13% in 2 days on winning long-term contract worth Rs 6K cr")
HUDCO rallies 14% on heavy volumes; zooms over 100% since November
Since November, the stock of the state-owned financial institution has zoomed 109 per cent
 "HUDCO rallies 14% on heavy volumes; zooms over 100% since November")
Stock of this packaged foods company has zoomed 75% in 2 months
Prataap Snacks surged 4 per cent in early deals on Thursday as reports said Haldiram's is eyeing a 51 per cent stake in the company
 "Stock of this packaged foods company has zoomed 75% in 2 months")
LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected
LTIMindtree's Q3 growth was affected by higher-than-expected furloughs and a continued slowdown in discretionary spending
 "LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected")
South Indian Bank soars 13%, hits 6-year high on healthy Q3 results
The management said, during the period, the bank registered growth in all the desired segments with a focus on quality asset across all verticals
 "South Indian Bank soars 13%, hits 6-year high on healthy Q3 results")
Sobha jumps 10% on rights issue plan; stock zooms 48% thus far in Jan
The board of directors of Sobha are scheduled to meed on Monday, January 22, 2024, to consider the proposal of fund raising by way of equity shares through rights issue.
 "Sobha jumps 10% on rights issue plan; stock zooms 48% thus far in Jan")
Stock of this railway-related SME company has zoomed 130% in one month
Shares of Cosmic CRF were locked in the 5 per cent upper circuit on BSE at Rs 916.65 in a weak market
Oracle Financial Services hits record high, zooms 20% on strong Q3 results
On a consolidated basis, Q3 revenue was up 26 per cent year-on-year (YoY) at Rs 1,824 crore. Net profit jumped 69 per cent to Rs 741 crore on YoY basis
 "Oracle Financial Services hits record high, zooms 20% on strong Q3 results")
HDFC Bank slips 8% post Q3 results, logs sharpest fall since March 2020
HDFC Bank accounted for nearly 60 per cent of the benchmark S&P BSE Sensex's 1,628-point decline on Wednesday
 "HDFC Bank slips 8% post Q3 results, logs sharpest fall since March 2020")
Capri Global zooms 29% in 2 days; to consider bonus, stock split on Jan 27
The board of CGCL is scheduled to meet on January 27, 2024 to consider issuance of bonus shares and approval of sub-division/split of the equity shares of the company
This PSU stock has zoomed over 100% in last six weeks
MSTC hit a new high of Rs 995.45 and rallied 30% in past three trading days
 "This PSU stock has zoomed over 100% in last six weeks")
PTC surges 10% as arm signs long-term supply pact with Dassault Aviation
The purchase agreement signed between Aerolloy Technologies, wholly owned subsidiary of PTC, and the French military aircraft giant is a 'multi-year' pact
 "PTC surges 10% as arm signs long-term supply pact with Dassault Aviation")
LIC at 20-mth high, nears listing day-lifetime high; up 69% from March low
LIC hit a 20-month high of Rs 895. It has recovered 69 per cent from its 52-week low level of Rs 530.20 touched on March 29, 2023
 "LIC at 20-mth high, nears listing day-lifetime high; up 69% from March low")
Stock of this PSU telecom equipment firm has doubled in four months
Shares of ITI hit a record high of Rs 378 on rallying 20 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes
Jio Financial Services slips 7% post December quarter results
The company reported 56 per cent drop in its consolidated profit after tax at Rs 294 crore for the December quarter (Q3), due to fall in income and rise in expenses.
 "Jio Financial Services slips 7% post December quarter results")
Tata Motors becomes 3rd Tata group firm to cross Rs 3-trillion market cap
A combined market cap of Tata Motors (Rs 273,985 crore) and Tata Motors DVR (Rs 27,940 crore) touched Rs 3.02 trillion in intra-day trades on Tuesday.
 "Tata Motors becomes 3rd Tata group firm to cross Rs 3-trillion market cap")
Stock of this smallcap iron & steel company has zoomed over 340% in 10 mths
Shares of Man Industries (India) hit a record high of Rs 378.50 as they rallied 12% after the company received new orders of approximately Rs 400 crore
This railways related stock surpasses Tata Steel, Jio Fin, VBL in m-cap
With market cap of Rs 1.74 trillion, IRFC now stands at 41st position in overall market cap ranking on Monday, the BSE data shows.
ONGC hits 7-year high; jumps 9% in 2 days on discovering major gas reserves
According to a PTI report, ONGC has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal
 "ONGC hits 7-year high; jumps 9% in 2 days on discovering major gas reserves")
Infosys, TCS rally up to 7% post Q3 results; brokerages remain optimistic
The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum.