Page 185 - Market Trends

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.

Midcap index nears record high; Varun Beverages, Cummins climb new peaks

The midcap index hit an intra-day high of 26,705.56, was less than 2% away from its record high level of 27,246.34, touched on October 19, 2021.

Elecon Engg hits new high on positive outlook; zooms over 2900% in 3 years

The company said growth outlook for gears and MHE segments remains positive on the back of strong demand from end user industries.

Zomato surges 36% in two months on improved operational performance

Management expects sequential GOV growth to be in a high single digit in Q1FY24, on the back of green shoots of recovery since February, 2023.

Nifty May F&O expiry: Index may break 18,200, faces resistance at 18,350

Meanwhile, the Bank Nifty may witness a sharp fall if the index fails to sustain above 43,500 level.

Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%

Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points

eMudhra hits new high, zooms 57% in one month post Q4 results

The company said strong growth led by Enterprise Solutions; change in model for Trust Services resulting in diversification and better quality of revenue for trust services.

Narayana Hrudayalaya rallies 11% to hit a record high on strong Q4 results

The company reported the highest-ever revenue and profitability in Q4FY23, as well as for FY23, which is attributed to increased patient footfalls along with improvements in speciality and payor mix

Stock of this pharma company has plunged 80% from its record high level

Shares of Gland Pharma tumbled 19 per cent to hit a new low of Rs 872.10 in Monday's intra-day trade, in an otherwise firm market

Shreyas Shipping zooms 20% as board to mull delisting plan on May 24

The company said delisting proposal will provide the public shareholders an opportunity to realise immediate and certain value for their equity shares.