Page 173 - Market Trends
HFCL soars 7% on winning Rs 1,015 cr order from Madhya Pradesh govt firm
The company has secured an order aggregating Rs 1,015 crore from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking (MPJN).
 "HFCL soars 7% on winning Rs 1,015 cr order from Madhya Pradesh govt firm")
Intellect Design Arena rallies 5% on securing new banking contract
The company's consumer banking arm has inked an agreement with AFC Commercial Bank to modernise its banking operations.
 "Intellect Design Arena rallies 5% on securing new banking contract")
Bombay Dyeing hits 20% upper limit as board okays Rs 5200 cr land sale deal
The average trading volumes on the counter jumped over five-fold today with combined 18.96 million equity shares changing hands on the NSE and BSE till 09:24 AM.
 "Bombay Dyeing hits 20% upper limit as board okays Rs 5200 cr land sale deal")
GMR Power wins new contract for smart meters; stock hits 10% upper limit
Earlier on September 3, GMR Group had received Letter of Award (LOA) worth Rs 5,123 crore for smart metering project from Purvanchal Vidyut Vitran Nigam Limited.
 "GMR Power wins new contract for smart meters; stock hits 10% upper limit")
BSE Smallcap index slips 4%, records sharpest intra-day fall of 2023 so far
Total 22 stocks from the Smallcap index including Suzlon Energy, GMR Power, Reliance Infra, PTC Ind, Genus Power, Patel Engg and HPL Electric were locked at their respective lower circuits on the BSE.
 "BSE Smallcap index slips 4%, records sharpest intra-day fall of 2023 so far")
Bank of India up 3% on heavy volumes; nears 52-week high on healthy outlook
Going ahead, bank targets advance growth of 11- 12 per cent in FY24-25E with continued focus on retail/ MSME segment.
 "Bank of India up 3% on heavy volumes; nears 52-week high on healthy outlook")
ITI develops self-branded Laptop & Micro PC 'SMAASH'; stock zooms 20%
Till 02:04 PM; a combined 19.34 million equity shares representing 2 per cent of total equity of the company changed hands on the NSE and BSE.
 "ITI develops self-branded Laptop & Micro PC 'SMAASH'; stock zooms 20%")
Power related stocks in demand; NTPC, PFC, REC, Tata Power rally up to 9%
The power sector in India, is on course for a long period of high growth and transformation which is visible in the increasing deployment of clean renewables.
 "Power related stocks in demand; NTPC, PFC, REC, Tata Power rally up to 9%")
Tejas Networks hits new high, gains 5% on receiving Rs 750 cr from TCS
The stock has rallied nearly 62 per cent so far in 2023 as against a 9 per cent gain on the BSE Sensex.
 "Tejas Networks hits new high, gains 5% on receiving Rs 750 cr from TCS")
Coal India stock surges over 7% on BSE; touches nearly five-year high
The stock finished the day at its highest level since October 2018
 "Coal India stock surges over 7% on BSE; touches nearly five-year high")
SpiceJet zooms 19% after nearly 3% equity change hands on the BSE
The stock has rallied 27% in two days after the board allotted equity shares and warrants to the promoter group company, and allotted equity shares to aircraft lessors on preferential basis.
 "SpiceJet zooms 19% after nearly 3% equity change hands on the BSE")
LIC surges 4% on heavy volumes; stock hits over seven-month high
The stock of state-owned life insurer quoted at its highest level since January 27, 2023 and has recovered 30 per cent from its 52-week low of Rs 530.20 touched on March 29.
 "LIC surges 4% on heavy volumes; stock hits over seven-month high")
Sugar shares rally on higher prices; Uttam, Avadh, Dalmia soar up to 10%
Sugar prices rose to a six-year high on Tuesday, amid concerns over a deficient monsoon.
 "Sugar shares rally on higher prices; Uttam, Avadh, Dalmia soar up to 10%")
What's behind the rally in PSU stocks, and will the uptrend last?
The S&P BSE PSU index has surged over 26 per cent so far in FY24 as compared to 11 per cent up move in the benchmark S&P BSE Sensex.
 "What's behind the rally in PSU stocks, and will the uptrend last?")
BSE ups share buyback price, fixes record date; stock soars 28% in 4 days
BSE announced increase in the buyback offer price from Rs 816 per equity share to Rs 1080 per share.
 "BSE ups share buyback price, fixes record date; stock soars 28% in 4 days")
Nazara Tech zooms 12% on plan to raise Rs 100 cr from Nikhil Kamath's firms
The company said it is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared.
 "Nazara Tech zooms 12% on plan to raise Rs 100 cr from Nikhil Kamath's firms")
GMR Power zooms 20% as Group wins contract worth of Rs 5,123 cr in UP
The company said the total contract value for Prayagraj & Mirzapur Zone is about Rs 2,386.72 crore and for Varanasi & Azamgarh Zone is about Rs 2,736.65 crore.
 "GMR Power zooms 20% as Group wins contract worth of Rs 5,123 cr in UP")
Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM
Jio Financial to partner foreign firms for insurance foray, Mukesh Ambani said at the 46th RIL AGM.
 "Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM")
M&M gains 5% in 3 days, nears record high on margin improvement hopes
Analysts believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead
 "M&M gains 5% in 3 days, nears record high on margin improvement hopes")
Mahindra Lifespace hits new high, soars over 9% on growth optimism
Knight Frank India, in association of NAREDCO has projected India's real estate sector to expand to $5.8 trillion and contribute 15.5 per cent to the total economic output by 2047.
 "Mahindra Lifespace hits new high, soars over 9% on growth optimism")