Page 165 - Market Trends

ASK Automotive makes decent debut, lists at 8% premium to its issue price

Shares got listed at Rs 304.90, an 8 per cent premium against the issue price of Rs 282 per share on the BSE on Wednesday

This PSU co joins Rs 1-trillion m-cap club; zooms 127% in so far in 2023

Thus far in the calendar year 2023 (CY23), the stock price of PFC has zoomed 127 per cent on strong business performance and healthy outlook

Dilip Buildcon soars 7%, hits 52-week high on heavy volumes

The management said the road ahead for the infrastructure segment looks steady and poised to grow, and the company is well-positioned and perfectly equipped to capitalise on this opportunity.

Protean eGov Technologies makes quiet debut, lists at par with issue price

Post listing, the stock moved higher to Rs 823, a premium of 4 per cent over its issue price of Rs 792 per share on the BSE.

Coal India hits over 7-year high post Q2 results; zooms 47% since September

The company also declared the first interim dividend for FY24 at Rs 15.25 per share and fixed November 21, 2023 as the record date for the same

Stock of this personal care products company has zoomed 103% in 1 month

Shares of Cupid were locked in the 10-per cent upper circuit at Rs 818 on the BSE on Friday at 02:12 PM

Hindustan Aeronautics hits new peak, up 4% on signing pact with Airbus

HALand Airbus have signed a contract for establishing Repair and Overhaul (MRO) facilities for A-320 family of aircrafts.

This telecom stock nearly doubled in 4 months on institutional buying

Shares of Vodafone Idea hit a 22-month high of Rs 14.45 on the BSE in the intraday trade on Friday, recording positive monthly returns for seven straight months

ESAF Small Finance Bank makes strong debut, lists at 20% premium

At 10:01 AM, ESAF SFB was quoting at Rs 73.65, 23 per cent higher over its issue price of Rs 60

Campus Activewear tanks 10%; hits new low on weak Q2 results

The company experienced subdued performance amid reduced sales volumes during the quarter due to a difficult macro-economic environment and some channel inventory correction, the management said.

Neuland Labs surges 36% in 4 days on robust Q2 results; up 270% in 9 months

The EBITDA margin improvement of 980 bps points to 33.4 per cent is a result of not only the revenue momentum but also a shift towards high margin business, the management said.

Eris up 8% as it plans to acquire nephro, derma units of Biocon Biologics

The deal consideration is Rs 366 crore inclusive of working capital, and will be funded partly through debt financing

Stock of this iron & steel company zoomed 130% in 7 months; hits 15-yr high

Welspun Corp surged 7 per cent to Rs 489.30 on the BSE, its highest level since February 200

Brigade Enterprises surges 7%, hits new high on strong Q2 results

With a robust pipeline of launches in Bengaluru, Chennai, and Hyderabad, the management is confident that the company will sustain the momentum going forward

Stock of this Tata Group company has doubled in the past 10 months

Trent on Tuesday reported a strong 55.6 per cent year-on-year (YoY) jump in its Q2 standalone net profit to Rs 289.70 crore

Prince Pipes zooms 13% on healthy operational performance in Q2

Improving product mix, stringent input cost control, efficient marketing strategy, and good volume growth have translated into strong margin expansion during the quarter, the management said

RR Kabel soars 10% on strong Q2 performance; zooms 50% over its issue price

Throughout the past six months, RR Kabel has demonstrated a promising performance, marked by strong growth in its sales volume

Oil & gas shares in demand; ONGC hits 5-year high; HPCL soars 6%, IOCL 4%

In Q2, HPCL logged a consolidated net of Rs 5,827 crore, compared to a loss of Rs 2,476 crore in year ago quarter. Revenue, however, dipped 9.7 per cent YoY to Rs 1.02 lakh crore.

Varun Beverages hits new high, gains 4% on healthy Q3 results

In Q3CY23, Ebitda margins improved by 79 bps to 22.8 per cent Y-o-Y driven by higher gross margins and operational efficiencies

Mamaearth debuts on a quiet note; lists at 2% premium over its issue price

The stock of personal care products company listed at Rs 330 on the NSE, while the stock opened at par against its issue price of Rs 324 on the BSE.