Page 159 - Market Trends

Azad Engineering makes strong debut; lists at 37% premium over issue price

Azad Engineering IPO had received a robust response with the issue being subscribed 80.6 times. Sportsperson Sachin Tendulkar, PV Sindhu, Saina Nehwal and Nikhat Zareen are among shareholders.

Cement shares zoom up to 5%; UltraTech joins Rs 3 trillion market cap-club

Nomura estimates margins to expand on stronger volume growth, pricing discipline and relatively lower fuel cost

Stock of this iron & steel company has zoomed over 90% in 10 days

Shares of Gallantt Ispat hit a record high and were locked at the 10 per cent upper circuit for the second straight day on strong business outlook.

Happy Forgings makes decent debut; lists at 18% premium over issue price

Shares of the auto components maker listed at Rs 1,001.25, up 18 per cent against its issue price of Rs 850 per share on the BSE on Wednesday

Infosys dips 2% on termination of $1.5 bn multi-year deal with global firm

On September 14, 2023, Infosys had announced the signing of a $1.5 billion deal with a global company (which they had not named).

BEL soars 6% on order wins of Rs 3,351 crore; joins top 50 market-cap club

In the past one month, BEL has outperformed the market by surging 31 per cent as the company has bagged orders worth of Rs 12,230 crore so far in the month of December

This railway related stock has zoomed over 90% thus far in December

Shares of Oriental Rail Infrastructure were locked at upper circuit for the eight straight day on the BSE backed by heavy volumes.

Muthoot Microfin lists at 5% per cent discount against issue price

The stock listed at Rs 275.30, down 5 per cent when compard with its issue price of Rs 291 on the NSE.

Motisons lists at 98% premium; freezes in 5% lower circuit on profit taking

The stock listed at Rs 109, up 98 per cent over its issue price of Rs 55 per share on the National Stock Exchange (NSE)

Suraj Estate debuts on a shaky note; lists at 6% discount to issue price

The stock listed at Rs 340, a 6 per cent discount to issue price of Rs 360 per share on the National Stock Exchange.

GAIL surges 8% to new lifetime high; joins Rs 1 trillion market-cap club

Analysts at ICICI Securities have a 'buy' rating on GAIL with a 12-month target price of Rs 188 per share

Polycab slips 5% amid reports of I-T raids at 50 office locations pan-India

The residences and offices of the top management linked to the firm were also being raided, the report added

Allcargo Logistics surges 10%, Gati slips 7% on biz restructuring plan

As per the approved swap ratio, shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post ISC demerger) for every 10 shares held in Allcargo Gati

Tata Motors gains 3% on nod for DVR share conversion; soars 88% in 2023

The stock exchanges have granted the company 'no objection' to the cancellation of Tata Motors DVR shares

Hindustan Copper hits over 11-year high, surges 12% on stable outlook

In the past two months, it has zoomed 55 per cent. Moreover, in the past eight months, the stock price has more than doubled by skyrocketing 124 per cent

Lokesh Machines soars 14% on healthy outlook; up 264% so far in 2023

The Indian machine tools market is experiencing a boost from the growing emphasis on industrial automation, which is resulting in increased overall productivity and improved ergonomics

Stock of this wind energy solutions provider has zoomed 108% in 7 weeks

So far in December, IWL has surged 59 per cent after it completed infusion of around Rs 800 crore (before taxes and fees) by its promoter Inox Wind Energy Limited (IWEL)

INOX India makes bumper debut; lists at 44% premium over issue price

Share of INOX India listed at Rs 949.65 on the NSE, a premium of 44 per cent over its issue price of Rs 660 per share

Indian Bank extends slide to 2nd day; slips 8% after listing of QIP shares

Indian Bank had allotted 101.52 million new equity shares of face value Rs 10 each to eligible Qualified Institutional Buyers at an issue price of Rs 394.00 per equity share

Oil India surges 19%; ONGC hits nearly 6-year high on heavy volumes

ONGC surged 6 per cent to Rs 212, its highest level since January 2018. Oil India, meanwhile, hit a new high of Rs 406 and has zoomed 26 per cent in the past two days