Page 180 - Market Trends
Sheela Foam surges 15% on acquisition of controlling stake in Kurlon
Sheela Foam has acquired a controlling stake of 94.66 per cent in Kurlon Enterprises, maker of Kurl-on mattresses, at an equity valuation of Rs 2,150 crore.
 "Sheela Foam surges 15% on acquisition of controlling stake in Kurlon")
Avenue Supermarts dips 4% on disappointing June quarter results
The company's consolidated net profit grew merely by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.
 "Avenue Supermarts dips 4% on disappointing June quarter results")
Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023
Since 2021, the stock price of Lloyds Metals has skyrocketed 5,686 per cent to Rs 582.70 from level of Rs 10.07 at the end of December 2020.
 "Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023")
Angel One dips 7% as NSE bars onboarding of new authorised persons
Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company.
 "Angel One dips 7% as NSE bars onboarding of new authorised persons")
Nifty bulls need to keep an eye on these two key levels, show charts
Meanwhile, if the Bank Nifty closes above 45,150 it would indicate fresh strength, says Ravi Nathani, an independent technical analyst.
 "Nifty bulls need to keep an eye on these two key levels, show charts")
Exide hits over 4-year high; surges 23% in one month on positive outlook
Exide said the strong automobile sales augur well for Company as higher vehicle sales not only help the OEM business but also expand the aftermarkets in years to come.
 "Exide hits over 4-year high; surges 23% in one month on positive outlook")
Senco Gold makes strong debut; lists at 36% premium over issue price
Shares of Senco Gold listed at Rs 431, a 36 per cent premium over its issue price of Rs 317 on the BSE.
 "Senco Gold makes strong debut; lists at 36% premium over issue price")
JBM Auto zooms 18% on securing contract for supply of 5,000 electric buses
Thus far in the calendar year, the stock has skyrocketed 200 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.
 "JBM Auto zooms 18% on securing contract for supply of 5,000 electric buses")
Stocks to Watch today, July 14: Senco Gold, Wipro, Dixon, Aptech, Patanjali
Stocks to watch on July 14, 2023: Bandhan Bank, JSW Energy, Just Dial and Kesoram Industries among prominent firms scheduled to announce June quarter earnings on Friday.
 "Stocks to Watch today, July 14: Senco Gold, Wipro, Dixon, Aptech, Patanjali")
HPL soars 52% so far in July; firm won smart meter orders worth Rs 903 cr
The stock hit a new high of Rs 199.85, rallied 8% in an otherwise weak broader market.
 "HPL soars 52% so far in July; firm won smart meter orders worth Rs 903 cr")
Stock of this civil construction company has zoomed nearly 200% in 3 months
Shares of Patel Engineering were locked at upper circuit for the third straight day on Thursday, and now quote at the highest level since November 2018.
 "Stock of this civil construction company has zoomed nearly 200% in 3 months")
Patanjali Foods freezes at 5% lower limit as promoters pare stake via OFS
The floor price for the 'Offer for Sale' was fixed at Rs 1,000 per equity share; and the offer will be on July 13 and 14.
 "Patanjali Foods freezes at 5% lower limit as promoters pare stake via OFS")
Q1 results impact: TCS up 2%, HCL Tech slips; Brokerages remain optimistic
TCS's management maintained that near term demand challenges remain and refrained from giving recovery timelines, implying a slow and gradual recovery ahead.
 "Q1 results impact: TCS up 2%, HCL Tech slips; Brokerages remain optimistic")
ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks
UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.
 "ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks")
Zen Technologies surges 24% in 2 days after winning Rs 340 cr export order
Thus far in the current calendar year, the stock has skyrocketed 184 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.
 "Zen Technologies surges 24% in 2 days after winning Rs 340 cr export order")
Elecon Engineering hits new high on strong Q1; stock doubles in 4 months
With strong order book in hand across segments, the management is optimistic of sustaining growth momentum going forward
 "Elecon Engineering hits new high on strong Q1; stock doubles in 4 months")
Minda Corp rallies 6%, hits new high on securing Rs 750 cr order from OEM
Thus far in the calendar year 2023, the stock price of Minda Corp has zoomed nearly 50 per cent, as compared to 7.6 per cent rise in the S&P BSE Sensex.
 "Minda Corp rallies 6%, hits new high on securing Rs 750 cr order from OEM")
PCBL surges 7% on commencement of phase 1 specialty chemical capacity
The stock has hit a 52-week high at Rs 174.55 in intra-day trades so far on Tuesday.
 "PCBL surges 7% on commencement of phase 1 specialty chemical capacity")
Prism Johnson slips 6% on 1,420-acre land transfer plan to Ramco Cements
The company will also transfer a mining lease granted by the government over to Ramco Cements for an area of 663.46 hectares
 "Prism Johnson slips 6% on 1,420-acre land transfer plan to Ramco Cements")
Olectra Greentech zooms 43% in 3 days post winning MSRTC Rs 10,000 cr order
Till 11:07 AM; a combined 11.53 million shares representing 14 per cent of total equity of the company had changed hands on the NSE and BSE.
 "Olectra Greentech zooms 43% in 3 days post winning MSRTC Rs 10,000 cr order")