Page 168 - Market Trends

Tech M hits over 2-month low on disappointing Q2 results; analysts bearish

ICICI Securities believes key will be how new CEO (from December, 2023) pivots the business to more diversified from current Communication heavy construct ahead

ITC slides to a 5-month low; stock down 5% in 3 days post Q2 results

ITC was quoting at its lowest level since May 23, 2023 and has declined nearly 15% from its record high level of Rs 499.60 touched on July 24.

Stock of this realty firm has zoomed 100% since April; hits record high

Thus far in the month of October, the stock price of Prestige Estates Projects has rallied 34% after the company reported strong business performance for September quarter (Q2FY24).

Wonderla soars 10% as Chennai project gets TN government's clearance

The grand vision for this project involves an investment of approximately Rs 400 crore, spanning across 62-acre expanse in Illalur village

Sugar shares in focus; Balrampur, Dwarikesh, Triveni, Dhampur rally upto 7%

According to CRISIL, despite reduced exports and a decline in ethanol production, Ebitda margins of MSMEs in the sugar industry are projected to increase in the upcoming quarters

Mahindra Logistics slips 6%, hits 52-week low on disappointing Q2 results

The management expects to report better performance in Q3 due to positive demand uptick in festive season, accelerating margins due to synergies with the acquired B2B business and cost reduction

BSE SmallCap index tumbles 3.5% in second sharpest single-day fall of 2023

Total 14 stocks including Jai Corp, Kesoram Industries, MMTC, Ashapura Minechem, HPL, Omaxe, Prakash Industries and Reliance Infrastructure were locked in their respective lower circuits

Ceinsys Tech hits 20% upper limit on winning Rs 248 cr order from Maha govt

The company has secured work allocation order from State Water and Sanitation Mission (SWSM), Water Supply and Sanitation Department (WSSD), Government of Maharashtra amounting to Rs 248.39 crore.

CreditAccess Grameen hits new high; soars 13% on strong Q2 results

In Q2, the company's net profit nearly doubled to Rs 347 crore, on the back of an improved income profile and strong control on the cost of operations.

BSE hits life-time high, zooms 13% post revision in F&O turnover charges

BSE revised the transaction charges in equity derivatives segment, across slabs, with effect from November 1, 2023.

Ipca Labs surges 7%, hits 52-week high on favourable report from USFDA

The company has received voluntary action indicated (VAI) classification from the United States Food and Drug Administration (USFDA) for its Ratlam, Madhya Pradesh manufacturing facility.

City gas distributors under pressure; IGL, MGL stocks tank up to 10%

The Delhi government has submitted a policy on electric vehicle (EV) adoption by cab aggregators, delivery service providers and E-comm entities for final approval by the Lieutenant Governor

Stock of this railway wagon company has zoomed over 800% in 20 months

The stock of railway wagons maker had hit a record high of Rs 867 on Thursday, October 19. In the past year, the market price of TRSL has zoomed 438 per cent

ITC sinks 3% after Q2 results in sharpest single-day decline in 12 weeks

The festive season, increase in rural wages, and government spending on infrastructure are expected to propel rural demand ahead, according to analysts

This newly listed stock has zoomed nearly 100% against its issue price

Shares of Plaza Wires were locked in the upper circuit for the sixth straight day on the BSE

Hindustan Unilever dips 2% on muted September quarter results

The outlook for HUL remains balanced as lower commodity costs and a gradual recovery in rural demand could be offset by reduced leverage on pricing and increased competition from smaller players.

This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days

In the past two days, the stock of the public sector undertaking (PSU) company has declined 19 per cent

Nestle India hits new high; up 2% on 1:10 stock split, healthy Q3 results

The company also declared a second interim dividend of Rs 140 per share for the year 2023.

Stock of this PSU civil construction company zoomed over 60% in 3 months

Share of NBCC (India) hit over 5-year high at Rs 69.90, as they rallied 8 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on back of heavy volumes.

Shakti Pumps zooms 20% on Rs 1,603-crore order win from MSEDCL

The company has received a Letter of Empanelment from MSEDCL for 50,000 Off-Grid SPWPS pumps for the entire state of Maharashtra