Page 184 - Market Trends

Tata Motors market cap scales record high; tops Rs 2 trillion mark

Thus far in the calendar year 2023, shares of Tata Motors and Tata Motors DVR have rallied 48 per cent, as compared to 2.8 per cent rise in the S&P BSE Sensex.

Axis Bank joins Rs 3-trillion market cap club; stock surges 7% in one week

At 10:27 AM; with a market cap of Rs 3.02 trillion, Axis Bank stood at the 17th position in overall ranking of the BSE listed companies, data shows.

BSE Smallcap index hits record high; experts see more upside

Aurionpro, BDL, Centum Electronics, Cigniti Techno, Data Patterns, Dreamfolks, Fusion Micro, IOX Exchange, KDDL, Mahindra CIE, Safari Ind and Syngene hit their respective all-time highs today

Torrent Power soars 9% on inking MoU with Maharashtra govt for 3 projects

The company has signed a MoU with the Maharashtra government for setting up three Pumped Storage Hydro Projects of 5,700 MW capacity in Maharashtra, would entail an investment of about Rs 27,000 crore

Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%

Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency, says Crisil Ratings.

Mazagaon Dock extends rally to 8th straight day; zooms 27% in two days

Going ahead, analysts at ICICI Securities perceive peak execution through to FY25E based on the current orderbook visibility.

Defence shares in focus; HAL, Bharat Dynamics, BEL hit new highs

The defence sector looks well placed in terms of increasing domestic procurements by the government for our armed forces.

Talbros Auto hits new high; rallies 14% on healthy order book position

Over the last year, Talbros has received new multi-year orders over Rs 1,000 crore from both, domestic and overseas customers across its business divisions, product segments and JVs.

This Ashish Kacholia-owned stock tops listing day high; soars 19% in 3 days

SJS Enterprises hit a record high of Rs 571.80 on rallying 6 per cent on the BSE in intra-day trade, on strong business outlook.

Minda Corp hits new high; up 4% ahead of board meet to raise funds

The board will meet today to discuss and consider, among other things, raising of funds through issue of equity shares by way of preferential issue, qualified institutions placement or rights issue.

NCC gains 3% on winning orders worth Rs 2,088 crore in May 2023

Thus far in the calendar year 2023, the stock has surged 36 per cent, as compared to 2.1 per cent rise in the S&P BSE Sensex.

F&O Strategy for Bharat Forge: HDFC Securities recommends a Bull Spread

Buy Bharat Forge Rs 800 Call option and simultaneously Sell Rs 820 Call of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.

Nifty Realty index at highest level since Feb 22; surges 25% in two months

Motilal Oswal continues to see re-rating potential in companies, which would provide further growth visibility on the back of strong business development through robust cash flows.

HUL rises 2%, hits highest level so far this year on volume recovery hopes

The stock of largest fast moving consumer goods (FMCG) company traded close to its 52-week high level of Rs 2,741, which it had touched on December 9, 2022

Campus Activewear extends fall; slips 12% in two days on weak Q4 results

Reported EBITDA declined by 27.4 per cent year-on-year to Rs 57.12 crore; margin contracted by 590 bps YoY to 16.4 per cent.

Block deal impact: Sona BLW slips 6%; HDFC Life gains 1%

Around 23.7 million equity shares representing 4 per cent of total equity of Sona Comstar changed hands on the NSE this morning, the exchange data shows.

Nifty FMCG index likely to face stiff resistance at 51,000

Meanwhile, charts suggest that the Nifty Metal index too may be due for a reversal or consolidation, says Ravi Nathani, an independent technical analyst.

Bectors Food surges 17% in two days on record turnover, profit in Q4

Thus far in the calendar year 2023, the stock has zoomed 84 per cent, as compared to nearly 3 per cent rise in the S&P BSE Sensex.

ICICI Lombard soars 14% as ICICI Bank plans to buy additional 4% stake

ICICI Bank would acquire at least 2.5 per cent stake out of the above 4 per cent before September 9, 2024.

Star Health and Allied Insurance slumps 9% amid huge block deals

Till 11:41 am; a combined nearly 20 million shares or 3.5 per cent equity of Star Healthcare have changed hands on the BSE and NSE, the data shows.