Page 177 - Market Trends
Kalyan Jewellers jumps 5% to hit record high on solid Q1 results
So far this calendar year, the stock of this Kerala-based company surged 49 per cent, as against an 8 per cent rise in the S&P BSE Sensex
 "Kalyan Jewellers jumps 5% to hit record high on solid Q1 results")
Dr Reddy's hits new high, soars 13% in 1 month; m-cap nears Rs 1-trn mark
The stock hit a new high at Rs 5,850 on gaining 3 per cent in an otherwise weak market.
 "Dr Reddy's hits new high, soars 13% in 1 month; m-cap nears Rs 1-trn mark")
Ircon International surges 8% on healthy Q1 results, order book
As on June 30, 2023, Ircon total order book position stood at Rs 32,486 crore, of which orders worth of Rs 23,613 crore were from railways.
 "Ircon International surges 8% on healthy Q1 results, order book")
NLC India climbs over 12-year peak, rallies 5% on stable outlook
The company is hopeful that the possession of the required land will be made available at the earliest and will reach to the lignite production level as per the requirement of thermal power station.
 "NLC India climbs over 12-year peak, rallies 5% on stable outlook")
Caplin Point rallies 12%, hits 52-week high on strong Q1 results
With a healthy order book, company targets 40-50 per cent growth in revenues in FY24.
 "Caplin Point rallies 12%, hits 52-week high on strong Q1 results")
PB Fintech sheds 4% even as Q1 net loss narrows to Rs 12 cr
The stock opened higher and hit a 52-week high at Rs 816, before slipping into the negative zone in intra-day deals on Tuesday.
 "PB Fintech sheds 4% even as Q1 net loss narrows to Rs 12 cr")
Stocks to Watch today, Aug 08: Airtel, Max Health, GIC Housing, Sobha, BEML
Stocks to watch on August 08, 2023: Adani Ports, Coal India, Hindalco, Jet Airways, Oil India and Utkarsh SFB are few of the notable companies to announce June quarter earnings on Tuesday.
 "Stocks to Watch today, Aug 08: Airtel, Max Health, GIC Housing, Sobha, BEML")
Aurobindo Pharma hits 2-year high; stock zooms 100% thus far in 2023
Aurobindo said its subsidiary Eugia has received a final approval from the USFDA to manufacture and market Vancomycin Hydrochloride for Injection used in treatment of skin and bone infection.
 "Aurobindo Pharma hits 2-year high; stock zooms 100% thus far in 2023")
Adani Green tanks 12% after nearly 3% equity change hands via block deal
At 09:15 AM; around 44.24 million shares representing 2.8 per cent of total equity of AGEL changed hands on the BSE, the exchange data shows.
 "Adani Green tanks 12% after nearly 3% equity change hands via block deal")
Telecom infra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%
The Union Cabinet on Friday approved Rs 1.3 trillion ($17 billion) worth of investments to drive the next stage of the government's ambitious BharatNet project.
 "Telecom infra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%")
Yatharth Hospital debuts on a quiet note, commands 14% gain at day's high
The stock moved higher to Rs 341, a 14% premium against its issue price of Rs 300 per share, after listing at Rs 306.10 on the NSE.
 "Yatharth Hospital debuts on a quiet note, commands 14% gain at day's high")
Zen Technologies hits 10% upper limit on strong Q1 performance
The company's net profit jumped nearly 6-fold to Rs 47.13 crore for Q1FY24, backed by a near 4-fold growth in revenue.
 "Zen Technologies hits 10% upper limit on strong Q1 performance")
Consumer discretionary shares rally; Dixon, Amber surge up to 17% in 2 days
The buying is attributed to central government's decision to restrict import of laptops, tablets, and personal computers with immediate effect in a bid to push local manufacturing.
 "Consumer discretionary shares rally; Dixon, Amber surge up to 17% in 2 days")
Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results
With regards to the promoters stake sale buzz, the company said it will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement arises.
 "Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results")
Zomato surges 14% as firm turns profitable for first-time in June quarter
Food aggregator platform company reported a consolidated profit after tax of Rs 2 crore compared to a loss of Rs 186 crore in the year-ago period.
 "Zomato surges 14% as firm turns profitable for first-time in June quarter")
Eicher Motors rallies 3% on record Q1 earnings
The company's net profit jumped 50 per cent YoY to Rs 918 crore, its highest-ever quarterly profit; backed by a 17 per cent growth in revenue at Rs 3,986 crore.
 "Eicher Motors rallies 3% on record Q1 earnings")
Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023
The company's revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23)
 "Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023")
UPL slips 5%, hits over 2-year low on weak June quarter results
The management said the market is witnessing pricing pressure given the high base of previous year and aggressive price competition has seen from the Chinese post patent exporters.
 "UPL slips 5%, hits over 2-year low on weak June quarter results")
Ambuja Cements gains 3% on acquisition of Sanghi Industries for Rs 5,000 cr
ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi & family.
 "Ambuja Cements gains 3% on acquisition of Sanghi Industries for Rs 5,000 cr")
Titan dips nearly 3% on disappointing Q1 operational performance
Heightened competitive scenario has led to company lowering its making charges in a bid to sustain market share gains during the quarter.
 "Titan dips nearly 3% on disappointing Q1 operational performance")