Page 175 - Market Trends

IDFC, IDFC First Bank up for 7 straight days despite market volatility

IDFC and IDFC First Bank have gained as much as 58 per cent and 69.5 per cent so far this fiscal year as against 11.8 per cent gain on the Nifty 50.

Suzlon freezes at 5% upper limit, hits 6-year high; up 25% over QIP price

With India poised to lead decarbonization of its economy, the management said it is seeing renewed enthusiasm from India Inc. to drive this green energy transition.

TVS Supply Chain makes steady debut; lists at 5% premium over issue price

The stock was listed at Rs 207.05 on the NSE as against its issue price of Rs 197 per share.

Linde India at new high, soars 16% in 2 days on winning LoA from Indian Oil

Thus far in the calendar year 2023, the stock price of Linde India has zoomed 70 per cent, as compared to 6.6 per cent rise in the S&P BSE Sensex.

Buy Tata Communications, India Glycols, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says the Nifty may find a directional move on breakout from the 19,270-19,500 trading band.

Nifty IT index looks bullish, can rally up to 7%; FMCG may consolidate

According to Ravi Nathani, an independent technical analyst, the IT index could see a fresh wave of buying enthusiasm on clearing the minor resistance zone of 31,200-31,400.

BHEL surges 10% on securing Rs 4,000-crore order from Adani Power's arm

Analyst believes pickup in thermal power orders and companies focus on diversification in segments such as railways, defence, nuclear, hydro augurs well for company in long term.

Eveready Industries soars 11% on strong volume; hits 52-week high

The stock has gained nearly 43 per cent so far in FY24 as against a 12 per cent rally in benchmark Sensex.

Adani Enterprises gains 3% as promoter firm buys 2% stake via open market

Founder firm Kempas Trade and Investment bought 25.3 million shares or 2.22 per cent stake in the company from the open market between Aug 7 to Aug 18.

Mahindra Lifespace rallies 9%; hits record high on strong growth outlook

The new CEO Amit Sinha has outlined ambitious business growth of 5x over the next 5 years from around Rs 2,268 crore of residential and IC business sales to Rs 8,000-10,000 crore by FY28.

Nifty Fin Services, Pvt Bank indices may consolidate in this trading band

According to Ravi Nathani, an independent technical analyst, the Nifty Financial Services index is likely to consolidate in a band of 19,650 - 19,425.

Lemon Tree up 4%; hits new high on launching its first hotel in Rajkot

In past two days, the stock has surged 11 per cent after as the company launched its first property in Rajkot, and the sixth property of the group in Gujarat.

Jio Financial lists at Rs 265, becomes 33rd most-valued co; should you buy?

At 10:21 AM, JFS was locked at the 5 per cent lower circuit when compared with the special discovery price of Rs 261.85. The stock was locked at Rs 251.75 on the BSE and Rs 248.90 on the NSE

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%

Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy to provide robust opportunities for Indian exporters.

KEC International zooms 8% on securing multiple orders worth Rs 1,007 cr

Among others, the company secured its first order to construct a Multispeciality Hospital in India, on design-build basis.

RBI appoints P R Seshadri as South Indian Bank MD & CEO; stock zooms 11%

RBI has approved the appointment of P R Seshadri as Managing Director & CEO of the Bank for a period of three years with effect from October 1, 2023.

Adani Group shares in demand; Adani Power, Energy Solutions surge up to 12%

According to reports, Abu Dhabi National Energy PJSC (TAQA) is looking to double down in India and evaluating a large exposure in the expansive power businesses of Gautam Adani.

Concord Biotech lists at 21% premium over its issue price

The shares of the biopharma company listed at Rs 900, a 21 per cent higher against its issue price of Rs 741 per share on the National Stock Exchange and BSE on Friday.

GMM Pfaudler tanks 11%, hits 52-week low after huge block deal

At 09:15 AM; around 5.92 million equity shares representing 13 per cent of total equity of GMM Pfaudler changed hands at the counter on the BSE, the exchange data shows.

Stocks to Watch today, Aug 18: Concord, Adani Group, JSW Steel, EKI Energy

Stocks to watch on August 18, 2023: The Rekha Jhunjhunwala backed IPO, Concord Biotech, is set to debut on the bourses today at 10-15 per cent premium to its issue price.