Page 167 - Market Trends

Blue Jet Healthcare makes decent debut; lists 10% higher over issue price

The stock listed at Rs 380, a 10 per cent premium over its issue price of Rs 346 per share on the NSE

Apollo Micro hits new high on heavy volumes; stock zooms 34% in 5 days

In the past five trading days, the stock soared 34% after the company entered into Term Loan (TL) Agreement with Bajaj Finance to avail credit facilities in the form of TL up to Rs 15 crore

Broking shares rally up to 20%; Emkay, Nuvama, Angel, MOFSL hit 52-wk highs

Emkay Global zoomed 20% to Rs 107.49, its highest level since May 2022 on the BSE, after reporting a consolidated PAT of Rs 9.69 crore in Q2FY24 against a loss of Rs 1.78 crore in Q1FY24

Stock of this exchange and data platform firm has zoomed 114% in 9 weeks

Shares of BSE hit a new high of Rs 1,945.90 today and have rallied 23% in the past six days after revision in transaction charges for Sensex Options, effective from November 1

KPIT Tech hits record high, surges 11% after raising FY24 growth outlook

KPIT increased FY24 CC growth outlook to 37%+ from 27%-30% earlier and EBITDA outlook increased to 20%+ from 19%-20% earlier.

Textile stocks rally up to 9%; Welspun, Indo Count hit fresh 52-week highs

Despite a slowdown in demand for various sectors, including textiles, Indian exporters are optimistic about a strong performance in 2023-24

Reliance gains 2% post September quarter results; brokerages remain upbeat

EBITDA increased by 30.2 per cent YoY to Rs 44,867 crore, on account of strong net subscriber addition and sharp increase in data traffic supported 80 bps margin improvements in Jio Platforms (JPL).

Stock of this iron & steel products company has zoomed 103% in 4 months

Thus far in the calendar year 2023, the stock price of Goodluck India has skyrocketed nearly 130 per cent, as compared to 4.6 per cent rise in the S&P BSE Sensex

RateGain hits new high on strong Q2 results; zooms over 100% in 7 months

Despite recent macro uncertainty, the management sees growth holding steady across the travel space but will maintain a cautiously optimistic approach keeping an eye on developments across key regions

M&M Finance slides to 6-month low, down 11% on disappointing Q2 margins

The company said the margins were impacted by higher borrowing rates coupled with change in portfolio mix in favour of better credit quality customers.

Mahanagar Gas soars 7% as PAT more-than-doubles in Q2, margins expand

Ebitda margin stood at 30.5 per cent in the Q2FY24 as compared to 16.2 per cent in Q2FY23

TMS Ep552: Market trends, social media, convenience fee, Li Keqiang index

s more pain in store for the Indian markets? Is it time to regulate social media for kids? Is convenience fee becoming too inconvenient? What is the Li Keqiang index? All answers here

Maruti Suzuki at fresh high; up 4% on record quarterly sales, profit in Q2

The company reported 80.3% YoY jump in net profit to Rs 3,716.5 crore on account of higher net sales, softening of commodity prices, cost reduction efforts and higher non-operating income.

Indo Count hits 21-month high, rallies 12% on hopes of strong earnings

Growth in home textiles in India seems quite positive in coming years, driven by healthy export demand with benefits from reciprocal FTAs (free trade agreements).

Stock of this auto ancillary company has zoomed 142% in last five months

The stock of the auto ancillary company has turned ex-date for a stock split in ratio of 1:5 i.e. 1 stock of face value of Rs 10 each into 5 shares of face value of Rs 2 per equity share

Shriram Finance surges 9% on healthy September quarter results

Shriram Finance's reported NIM expanded ~60bp QoQ driven by lower negative carry because of lower liquidity on the balance sheet, and increase in high-yielding products in the mix.

HDFC Bank slips 2%; stock weak for third straight day, nearing 52-week low

In Q2, HDFC Bank's NIMs were under pressure, primarily because of the excess liquidity on the books.

Sona Comstar surges 5% on strong Q2 operational performance

The company's consolidated Ebitda grew 35% YoY at Rs 223 crore; margins improved 300 bps YoY at 28.4%, largely due to the positive impact of product mix.

Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue

The board also declared an interim dividend of Rs 7 per share (700 per cent on par value of Rs 1) for the financial year 2023-24

IRM Energy makes weak debut, lists at 5% discount against issue price

Shares of IRM Energy listed at Rs 477, a 5 per cent discount against its issue price of Rs 505 per share on the National Stock Exchange