Page 191 - Market Trends
Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump
CLOSING BELL: Shaktikanta Das said the move was only "a pause and not a pivot"
 "Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump")
This casting & forging company stock has zoomed 107% in less than 10 months
RK Forgings and Titagarh consortium had recently won Rs 12,226 cr contract for manufacturing and supply of 1.54 mn forged wheels of different rolling stocks to the Railways over a period of 20 years.
 "This casting & forging company stock has zoomed 107% in less than 10 months")
Singer India hits 10% upper circuit as Rakesh Khanna takes over as VC & MD
Khanna was the MD & CEO of Orient Electric, a leader in consumer appliances, with revenues of over Rs 2,500 crore
 "Singer India hits 10% upper circuit as Rakesh Khanna takes over as VC & MD")
Sugar stocks in focus: Balrampur hits 11-month high; Triveni, Dalmia up 3%
India's sugar production fell 3 per cent to 29.9 million tonnes (MT) in the first six months of the 2022 23-marketing year ending September, according to industry body ISMA.
 "Sugar stocks in focus: Balrampur hits 11-month high; Triveni, Dalmia up 3%")
Avenue Supermarts dips 3% on profit booking post Q4 business update
The stock had gained up to 11 per cent in the last five straight trading sessions.
 "Avenue Supermarts dips 3% on profit booking post Q4 business update")
TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days
The board of directors are scheduled to meet on April 20, 2023 to consider the proposal for voluntary delisting of the equity shares of the company.
 "TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days")
Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract
The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.
 "Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract")
CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4
Loans booked by consumer financier Bajaj Finance jumped 20 per cent YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year
 "CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4")
HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy
CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support
 "HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy")
Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high
In past four trading days, BSE smallcap index has rallied 5.3 per cent, as against 3.6 per cent rise in the S&P BSE Sensex.
 "Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high")
CreditAccess Grameen rallies 6% on hopes of strong earnings growth
Analysts believe the company is well positioned to capture huge untapped opportunity in MFI space via deeper penetration in new, existing geographies and increase in customer base.
 "CreditAccess Grameen rallies 6% on hopes of strong earnings growth")
Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend
On Monday, shares of Avalon Technologies enjoyed Rs 30 premium in the grey market, which translated to a likely listing price of Rs 465 apiece on the upper price band
 "Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend")
Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways
The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE
 "Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways")
Manappurm Finance hits 52-week high; up 11% in a week on improved outlook
CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.
 "Manappurm Finance hits 52-week high; up 11% in a week on improved outlook")
Overall breadth needs to improve for a reversal in Indian market
Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set
 "Overall breadth needs to improve for a reversal in Indian market")
RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger
The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.
 "RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger")
Sensex soars over 1,000 points: Top factors behind Friday's bull run
Analysts, however, remain cautious over sustenance of this recent rebound as markets will face a slew of data driven activity in the coming days
 "Sensex soars over 1,000 points: Top factors behind Friday's bull run")
VA Tech Wabag rallies 9% after it bags new order worth Rs 4,400 crore
As of December 31, 2022, VA Tech Wabag has an order book of over Rs 10,000 crore, that includes framework contracts, with 3 times revenue visibility
 "VA Tech Wabag rallies 9% after it bags new order worth Rs 4,400 crore")
Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook
The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.
 "Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook")
Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%
CLOSING BELL: Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners
 "Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%")