Page 169 - Market Trends

Bajaj Auto surges 5%, hits record high in weak market on healthy Q2 margin

Bajaj Auto said the margin in Q2 was driven by better realisation and a richer product mix, which more than covered the drag arising from investments on growing electric scooters.

Biocon slips 4% after USFDA asks for corrective measures at Malaysian unit

The USFDA has determined the inspection classification as 'OAI' (Official Action Indicated) post inspection of Biocon's step-down subsidiary in Malaysia.

Oil India hits new high after a 9-year hiatus; rallies 63% so far in 2023

In the last one year, the stock has outperformed the market by zooming 80 per cent, as compared to the 12.3 per cent rise in the S&P BSE Sensex.

Newgen Software soars 14%, hits new high on strong September quarter result

The company said the healthy earnings were driven by strong growth in the banking and financial services segment across geographies

Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high

The bank reported its highest-ever quarterly profit of Rs 378 crore for the quarter ended September 2023, up 51 per cent from a year ago period.

Stock of this garments & apparels company zoomed over 100% in 2 months

PGIL maintains a confident outlook on the continued growth and traction of Indian exports in the medium to long term.

Tyre stocks in demand on Ceat's strong Q2 results; MRF, JK Tyre at new high

Ceat said the healthy quarter-on-quarter volume growth was driven by strong OEM demand for festive inventory.

ION Exchange extends rally; zooms 127% so far in 2023 on strong outlook

In past four months, the stock price of ION Exchange has appreciated by 53 per cent after it turned ex-date for sub-division / stock split in the ratio of 10:1.

3 CPSE stocks are locked in 20% upper circuits, hitting multi-year highs

Shares of STC India, ITDC, and KIOCL from the S&P BSE CPSE index were locked at 20 per cent upper circuit, hitting multi-year highs

Stock of this smallcap jewellery company has zoomed nearly 100% in 3 weeks

Shares of SKY Gold hit a new high of Rs 590.20, and have rallied 97 per cent in three weeks from a level of Rs 299.15 on September 25, 2023.

Venus Remedies zooms 20%; gets nod for 6 chemotherapy drugs in Philippines

The company has secured marketing authorisation for bortezomib cisplatin, doxorubicin, docetaxel, flurouracil and paclitaxel from the Philippines.

Skipper surges 8% on fresh order win worth Rs 588 crore

In the past six months, the stock price of Skipper has zoomed 131 per cent as compared to 10.5 per cent rise in the S&P BSE Sensex

GSFC hits record high, up 9% on heavy volumes and stable business outlook

The higher stock levels, coupled with likely momentum to be achieved in fresh production/imports, FY24 is likely to witness a situation of comfortable availabilities in the fertilizer sector

Delta Corp slips 9% on additional GST shortfall notice worth Rs 6,384 crore

The stock was quoting at its lowest level since November 2020, and has tanked 51 per cent from its 52-week high level of Rs 259.95 touched on June 28, 2023

Earnings, geopolitical uncertainties to dictate market trends: Analysts

The ongoing second quarter earnings, movement of oil benchmark Brent crude and the uncertainty in the Middle East would dictate terms in the domestic markets this week, analysts said. Furthermore, the activities of Foreign Institutional Investors (FIIs) will also influence trading in the markets. "A slew of earnings reports from heavyweights expected this week will significantly impact market direction. The activities of Foreign Institutional Investors (FIIs) will be important, given their recent consistent selling streak," Santosh Meena, Head of Research, Swastika Investmart Ltd. Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. It was a tumultuous week in the market, marked by significant events and high volatility. Despite this, the market closed on a positive note, largely attributed to strong domestic liquidity. Last

Angel One hits record high on strong Q2 results; zooms 106% in 7 months

Analysts believe the Angel Group will continue to strengthen its market position by steady increase in active clients

Tata Motors zooms 5% to fresh high; DVR shares jump 4% amid EV subsidy buzz

According to media reports, the government is working on a policy to support local manufacturing of electric cars, a decision likely to provide a level playing field for the industry

HDFC AMC surges 6% on strong Q2 results; NAM India hits 52-week high

HDFC AMC reported healthy performance in Q2-FY24 with around 4.7% QoQ growth in AUM to Rs 5.23 trillion and market share remaining steady at 11.2%

Stock of this mining equipment maker soars 51% in 8 days; hits record high

Thus far in the calendar year 2023, the stock price of Eimco Elecon has skyrocketed 236 per cent, as compared to 8 per cent rise in the S&P BSE Sensex.

HCL Tech gains 3% on maintaining margin outlook; analysts remain positive

Motilal Oswal Financial Services expects HCL Tech to emerge stronger on the back of healthy demand for IMS, Digital space and Cloud services in the medium term