Page 171 - Market Trends

Stock of this state-owned defense company has zoomed over 150% since April

Shares of MIDHANI hit a record high of Rs 476.40, as they zoomed 17% on the BSE in Wednesday's intra-day trade and has recorded its sharpest intra-day rally since April 7, 2020.

Paper stocks rally; Pakka, TNPL, Star, West Coast, JK Paper zoom up to 20%

The Indian paper industry is poised for growth, with increasing demand driven by population growth, urbanisation, and rising literacy rates.

Oriental Hotels hits new high; up 27% in 1 week on hopes of strong earnings

Growth in the industry is largely expected from domestic demand which is expected to remain strong through FY24 even as international travel has shown green shoots of recovery.

HBL Power soars 8%, hits new high on healthy outlook; up 208% in 6 months

CARE Ratings expects total operational income of HBL to grow over 25% YoY (backed by strong demand) in FY24 along with sustaining its operating margins.

Sasken hits 52-week high; zooms 35% in one week after pact with Qualcomm

The company said its pact with Qualcomm marks a significant milestone in the realm of IoT innovation and underscores both firms' commitment in shaping the future of connected devices and services.

GMDC soars 15% on heavy volumes; stock more-than-doubled in 2 months

CARE Ratings believes that GMDC will continue to maintain its dominant market position in the lignite mining business with a healthy operating performance backed by sales volume growth.

Stock of this telecom equipment company has zoomed over 200% in 5 months

Shares of Avantel surged 20 per cent to hit a new high of Rs 306 on the BSE in Tuesday's intra-day trade, after the board recommended issue of bonus shares in the ratio of 2:1.

Realty shares in focus; Prestige, Godrej Properties, DLF rally up to 10%

The S&P BSE Realty index up 3 per cent was the top gainer among sectoral indices on Tuesday.

Mazagon Dock Shipbuilders soars 7% on signing LOI with European client

In past six months, the stock price of MDL has zoomed 220 per cent, as against 10 per cent gain in the S&P BSE Sensex.

Strategies for Godrej stocks as group likely finalises separation terms

Godrej Agrovet, Godrej Industries, Godrej Properties can potentially rally up to 10% from current levels, while Astec Life and Godrej Consumer Products can fall up to 17%, suggest charts.

This stock market behaviour can help you predict Cricket World Cup winner

In four out of the last five World Cups, the day the Sensex did this during the league period and the team won or lost the match on that day - if not a World Cup winner has at least been a finalist.

Bajaj Fin up 3% as nod for Rs10,000 cr fund raise; here's what analysts say

This capital raise could then be a tacit acknowledgment that Bajaj Finance is readying its capital ammunition for how the competitive landscape is going to evolve over next few years, said analyst.

Marico cracks 5% after company flags slowdown in Q2 earnings

The company in its pre-quarterly update reported a slight decline in consolidated revenue for the July-September quarter compared to the previous year.

Navin Fluorine dips 16% in 4 days after MD resigns; Firm remains positive

Valuations are rich and hence, the brokerage firm Motilal Oswal Financial Services said it maintain Neutral rating on the stock owing to limited upside.

Vedanta gains 4% as board approves to split firm's biz into 6 companies

The company on Friday after market hours announced its plan to demerge its existing business verticals into six independent 'pure play' companies.

Glenmark Pharma soars 10% after S&P Global upgrades outlook to positive

The rating agency expects Glenmark to significantly reduce debt on completion of the GLS sale and maintain healthy earnings.

L&T hits new high in weak market; Analysts see up to 10% further upside

L&T is well-placed to benefit in the long run given strong tender prospects, better order conversion in domestic markets, significant traction in hydrocarbon and renewable energy orders.

MapmyIndia soars 11% on heavy volumes; stock zooms over 100% in 6 months

The company has laid down a five-year plan wherein it aims to cross the revenue milestone of Rs 1,000 crore by FY28 reporting a CAGR of 35-40 per cent.

Nifty Metal, Pharma: Trading strategies for these 2 sectoral indices

According to Ravi Nathani, an independent technical analyst, the Nifty Metal index seems to be trading in a range-bound manner, with a negative bias; whereas, the outlook seems positive for the Pharma

Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks

Senco Gold hit a new high of Rs 590.55, rallied 11% on the BSE in Wednesday's intra-day trade and now quotes at a hefty 86% premium over its issue price in little more than 2 months.