Page 163 - Market Trends

IREDA extends rally in weak market; stock zooms 115% against issue price

The stock hit a new high of Rs 68.91 on the BSE in intra-day trade today, has zoomed 115% against its issue price of Rs 32 per share on the BSE.

Gandhar Oil Refinery makes robust debut; stock zooms 104% over issue price

The initial public offer (IPO) of Gandhar Oil Refinery had received good response from the investors and was subscribed 65.63 times.

Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk

Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.

BHEL hits highest level since May 2017; stock zooms 135% in last 8 months

Defence ministry has signed a Rs 2,956 crore contract with BHEL to procure 16 upgraded super rapid gun mount (SRGM) and accessories for Indian Navy.

Indo Count zooms 43% in 2 months, surpasses Oct 2021 high on robust outlook

The company's management in the Q2FY24 earning conference call said they are seeing positive signs in the US on a YoY basis as major retailers have initiated restocking activities since Q1FY24

PCBL surges 6% on plan to acquire Aquapharm Chemicals for Rs 3,800 crore

Thus far in the month of November, the stock price of PCBL has rallied 35 per cent, while since April it has been more than doubled or zoomed 133 per cent

IREDA makes stellar debut; stock lists at 56% premium over its issue price

Post listing, the stock of state-owned financial institution company moved higher to Rs 55.45 on the NSE, commanding a hefty 73 per cent premium over its issue price of Rs 32 per share

Aster DM Healthcare soars 15%; hits new high on stake sale plan in Gulf biz

The company announced on Tuesday that its subsidiary would sell its stake in Aster DM Healthcare FZC to Alpha GCC for $1.01 billion (Rs 8,125 crore).

Stocks to Watch today: IREDA, Zomato, Siemens, PCBL, Aster DM, IOC, IT

Stocks to watch on Wednesday, November 29, 2023: IREDA is likely to debut on a strong note on the bourses today following the robust response received to its recently concluded IPO.

OMCs extend post earnings rally; HPCL, BPCL, IOCL soar up to 39% in 1-mnth

For OMCs, FY24 is turning out to be the best year in terms of earnings, despite the upcoming general elections, according to analysts.

Healthy outlook, upcoming Tata Tech listing lifts Tata Motors to new high

Tata Motors is looking at a strong second half (H2FY24E) and beyond due to improvements in all 3 business verticals.

Stock of this Adani group has zoomed over 200% in 10 months; hits new high

Shares of Adani Power hit a new high of Rs 464.30, as they surged 17 per cent on the BSE in Tuesday's intra-day trade on back of over six-fold jumped in average trading volumes.

This stock has delivered over 20% returns in each of the last five months

Global brokerage firm Jefferies has initiated coverage on the BSE with a 'buy' rating and a price target of Rs 2,700.

Adani group shares rally; ATGL, Adani Energy, Adani Power surge up to 20%

The Supreme Court, last Friday, reserved its order in the Adani-Hindenburg case, and indicated that it might pass some more directions to the Securities and Exchange Board of India

Himatsingka Seide soars 8% to hit fresh 52-week high on stable outlook

HSL's operating margin will stabilize at 18-22 per cent this fiscal year, compared to 12.8 per cent in fiscal 2023, aided by better capacity utilisation and easing of cotton prices, said CRISIL

State-owned insurers rally up to 11%; GIC Re, New India hit 52-week highs

In an exchange filing on Thursday, GIC Re said that the global rating agency AM Best has revised the credit rating outlooks of GIC Re to positive from stable

Stock of this B K Birla group company has zoomed 75% in four weeks

Kesoram Industries hit a 52-week high of Rs 129.43, gaining 5 per cent, on report that UltraTech Cement has expressed interest in acquiring cement assets of the company

Sugar shares rally up to 13% on positive outlook; Balrampur hits 52-wk high

Magadh Sugar & Energy, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallied in the range of 10 per cent to 13 per cent on the BSE in Thursday's intra-day trade.

Hero MotoCorp hits 33-mth high, soars 15% in 9 days on record festive sales

Last week the company said it recorded highest-ever festive sales, clocking more than 1.4 million units in retail sales during the 32-day festive period.

SpiceJet hits 52-week high on heavy volumes; stocks surges 27% in 3 days

The average trading volumes at the counter jumped four-fold today, with 21.24 million equity shares changing hands on the BSE till 12:23 PM.