Page 161 - Market Trends
Max Healthcare up 9% in one week post Lucknow-based Sahara Hospital buyout
On December 8, Max Healthcare said it entered into a share purchase agreement for acquisition of 550 bedded Sahara Hospital, Lucknow.
 "Max Healthcare up 9% in one week post Lucknow-based Sahara Hospital buyout")
J&K Bank hits over 8 year high; soars 23% in 2 days on fund raising via QIP
The stock was quoting at its highest level since February 2015
 "J&K Bank hits over 8 year high; soars 23% in 2 days on fund raising via QIP")
UltraTech hits new high, nears Rs 10,000-mark; stock up 6% in two days
A sharp surge in the stock price has seen the market capitalisation of this Aditya Brila Group firm near the Rs 3 trillion mark, BSE data shows.
 "UltraTech hits new high, nears Rs 10,000-mark; stock up 6% in two days")
Stock of this IT firm soars 55% in one month; up 141% from issue price
Netweb Technologies India hit a record high at Rs 1,206.50, and has rallied 10% on the BSE in Tuesday's intra-day trade.
 "Stock of this IT firm soars 55% in one month; up 141% from issue price")
TCS hits 52-week high; extends rally post closure of share buyback
The stock was quoting higher for the eight straight trading session and rallied 6 per cent thus far in December.
 "TCS hits 52-week high; extends rally post closure of share buyback")
Dixon surges 13% in 2 days; hits new high on winning contract from Lenovo
The company's wholly-owned subsidiary, Padget Electronics, has won a contract from Lenovo to manufacture laptops and notebooks under the Production-Linked Incentive (PLI) 2.0 Scheme
 "Dixon surges 13% in 2 days; hits new high on winning contract from Lenovo")
We do not expect DIIs to cash out, says Jitendra Arora of ICICI Pru Life
Jitendra Arora, senior executive vice-president and fund manager for equity at ICICI Prudential Life Insurance expects earnings growth for FY24 & FY25 to be around 24% and 14%, respectively.
 "We do not expect DIIs to cash out, says Jitendra Arora of ICICI Pru Life")
SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days
The company's board to consider options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis today; also to announce Q2 results.
 "SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days")
Jute stocks in demand; Ludlow Jute, Cheviot rally up to 17%; here's why
The Government on Friday approved mandatory packaging of 100 per cent food grains and 20 per cent sugar in diversified jute bags for the Jute year 2023-24.
 "Jute stocks in demand; Ludlow Jute, Cheviot rally up to 17%; here's why")
IREDA hits 20% upper limit; stock up 166% against issue price in 11 days
IREDA has launched a retail division to gear towards enhancing emphasis on providing loans to borrowers in the PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors.
 "IREDA hits 20% upper limit; stock up 166% against issue price in 11 days")
Subros up 18%, hits new high on order wins of Rs 25 cr from Indian Railways
Average trading volumes jumped over four-fold with a combined around 1.9 million equity shares - representing 2.9 per cent of total equity of Subros - changing hands on the NSE and BSE
 "Subros up 18%, hits new high on order wins of Rs 25 cr from Indian Railways")
GMR Airports hits 12-year high; GQG Partners likely buyer in block deal
Till 02:30 PM; as many as a combined 1,137.87 million shares or 18.85 per cent of total equity of the company changed hands on the BSE and NSE
 "GMR Airports hits 12-year high; GQG Partners likely buyer in block deal")
Sugar shares extend fall; Balrampur, Dhampur, Praj tank up to 15% in 2 days
The central government has directed all sugar mills not to use sugarcane juice or syrup for making ethanol in 2023-24 season, as the sugar production expected to be down in this year.
 "Sugar shares extend fall; Balrampur, Dhampur, Praj tank up to 15% in 2 days")
Rate sensitive shares mostly higher as RBI holds repo rate; Auto pack lags
The RBI held the repo rate steady at 6.5 per cent and raised the FY24 GDP forecast to 7 per cent from 6.5 per cent
 "Rate sensitive shares mostly higher as RBI holds repo rate; Auto pack lags")
IREDA soars 14% on heavy volumes; stock zooms 129% against issue price
The stock made its debut on November 29. During the past three decades, IREDA has been supporting all forms of RE -- solar, wind, hydro -- and even newer technologies.
 "IREDA soars 14% on heavy volumes; stock zooms 129% against issue price")
IRB Infra surges 7%; hits new high on healthy toll collection in November
The company and the IRB Infrastructure Trust (Private InvIT), has collectively recorded 20 per cent year-on-year rise in toll collection at Rs 437 crore in the month of November 2023.
 "IRB Infra surges 7%; hits new high on healthy toll collection in November")
Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%
In the past one month, the S&P BSE Power index has surged 27 per cent, against 7 per cent rise in the S&P BSE Sensex.
 "Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%")
This smallcap stock hit new high after gap of 15 years; up 47% in 1 month
Shares of Ashapura Minechem were locked in the 5 per cent upper circuit at Rs 460.25 on the BSE.
Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr
With this BEL has in all received orders worth of around Rs 18,300 crore till now in the financial year 2023-24.
 "Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr")
Tata Power soars 6%; hits new high after 20 months on positive outlook
CRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24
 "Tata Power soars 6%; hits new high after 20 months on positive outlook")