Page 182 - Market Trends
Parag Milk soars 15%; hits 52-week high after pvt fund buys stake
Sixth Sense India Opportunities III acquired over 200,000 shares of the company via the open market.
 "Parag Milk soars 15%; hits 52-week high after pvt fund buys stake")
PolicyBazaar hits fresh 52-week high; stock nearly doubles from 52-week low
The stock of fintech company was trading at its highest level since May 2022.
 "PolicyBazaar hits fresh 52-week high; stock nearly doubles from 52-week low")
ICICI Securities surges 15%; board to mull share delisting on June 29
The company plans to delist its equity shares pursuant to a Scheme of Arrangement with ICICI Bank.
 "ICICI Securities surges 15%; board to mull share delisting on June 29")
ICICI Securities surges 7% to hit 7-month high on strong growth prospects
Analysts anticipate the broking revenue to remain stable in FY24, while expect strong growth in the distribution business and in interest income, led by strong growth in the MTF book
 "ICICI Securities surges 7% to hit 7-month high on strong growth prospects")
Voltas dips 4%, nears 52-week low on concerns of tepid growth in RAC biz
As per management, the Room Air Conditioner business did well in April, but Voltas saw below-expected volume growth in the key month of May due to unseasonal rain.
 "Voltas dips 4%, nears 52-week low on concerns of tepid growth in RAC biz")
Tube Investments hits new high; rallies 5% on healthy business outlook
The stock of auto components & equipments company was trading higher for the fourth straight day, surging 14 per cent during the period.
 "Tube Investments hits new high; rallies 5% on healthy business outlook")
Sensex hits all-time high: Will the winners of this rally hold momentum?
ITC and Tata Motors have zoomed 33 per cent each since December 1, and have led the rally in the 30-pack index
 "Sensex hits all-time high: Will the winners of this rally hold momentum?")
HDFC Life hits 52-week high; up 3% as CCI permits HDFC to increase stake
The CCI in its meeting held on June 20, 2023, has granted its approval to HDFC to increase its stake in HDFC Life to more than 50 per cent.
 "HDFC Life hits 52-week high; up 3% as CCI permits HDFC to increase stake")
Aether Industries hits record high; rallies 10% on fund raising via QIP
Aether Industries on Monday, June 19, launched a QIP issue to raise up to Rs 750 crore and fixed the floor price of the issue at Rs 984.90 per share.
 "Aether Industries hits record high; rallies 10% on fund raising via QIP")
Shriram Finance, Piramal Enterprises zoom 10% after huge block deals
According to media reports, Piramal Enterprises was planning to sell its entire 8.34 per cent stake in Shriram Finance via block deals on Wednesday.
 "Shriram Finance, Piramal Enterprises zoom 10% after huge block deals")
Aurionpro up 5% as board approves preferential issue to Malabar India Fund
The board approved allotment of 255,000 equity shares and 425,000 warrants to Malabar India Fund and 45,000 equity shares and 75,000 warrants to Malabar Midcap Fund.
Stock of this auto ancillary company has zoomed over 60% so far in June
Shares of Jay Bharat Maruti hit a fresh 52-week high of Rs 269.25, as they rallied 4% on the BSE in Tuesday's intra-day trade in an otherwise a weak market.
 "Stock of this auto ancillary company has zoomed over 60% so far in June")
IIFL Securities plunges 18% as Sebi bars onboarding new clients for 2 years
The SEBI has prohibited the Company from onboarding new clients for a period of two years in respect of its business as a stock broker.
 "IIFL Securities plunges 18% as Sebi bars onboarding new clients for 2 years")
Timken India cracks 11% after almost 16% equity change hands on BSE, NSE
The counter had seen combined traded volume of around 12 million shares in the first hour of trading amid reports of parent company to offload stake.
 "Timken India cracks 11% after almost 16% equity change hands on BSE, NSE")
Bank of Baroda nears 52-wk high, up 3%; regains Rs 1 trillion m-cap
Analysts at ICICI Securities believe the bank will report credit growth in line with industry growth coupled with healthy margins and steady asset quality and, thus, aid RoA of around 1 per cent.
 "Bank of Baroda nears 52-wk high, up 3%; regains Rs 1 trillion m-cap")
Titagarh Rail hits new high on positive outlook; stock up 379% in a year
While TRSL is India's undisputed leader in the wagon manufacturing space, now it is also among India's very few integrated manufacturers of passenger rail systems.
Resistance for Nifty seen at 18,900; Bias remains bullish
According to Ravi Nathani, an independent technical analyst, the Bank Nifty, however, remains trapped in the 44,500 - 43,375 range for now.
 "Resistance for Nifty seen at 18,900; Bias remains bullish")
Kalyan Jewellers surges 12% after 6% equity change hands via block deals
About 6.41 million shares representing 6.2 per cent of total equity of the company changed hands on the NSE via block deals in pre-opening trade, the exchange data shows.
 "Kalyan Jewellers surges 12% after 6% equity change hands via block deals")
IKIO Lighting dazzles on debut; stock lists at 38% premium over issue price
Shares of IKIO Lighting were listed at Rs 392.50, a 38 per cent premium over its issue price of Rs 285 per share on the National Stock Exchange (NSE) on Friday.
Lokesh Machines zooms 20% on getting initial license for making small arms
The Initial License (Form VIJ) for Manufacturing of Small Arms has been granted to Lokesh Machines, subject to payment of applicable fees.