Page 196 - Market Trends

Tata Steel slips 5% on profit-booking after disappointing Q3 performance

The disappointing performance during the quarter was on the back of a sharp drop in realisations in Europe coupled with a non-cash deferred tax expense on account of British Steel Pension Scheme.

Patanjali Foods gains 10% from day's low after over 20% fall in 8 sessions

In past one month, the stock was down 20 per cent after the government decided to discontinue import of crude soybean oil under tariff rate quota (TRQ).

Airtel's Q3 revenue may rise 20% YoY; Vi could face 6 mn subscriber exits

Telecom major Bharti Airtel is likely to report up to 19.7 per cent year-on-year (YoY) growth in revenue to Rs 35,750 crore in the December quarter (Q3FY23), pegged analysts

Chaman Lal Setia Exports zooms 17% on strong Q3 operational performance

EBITDA margin increased by 430 bps to 14.5 per cent compared to 10.2 per cent last year on account of superior realisation and moderation in the freight cost.

P&G Health soars 15% after PAT jumps 71% YoY in December quarter results

The management said that the higher PAT growth was supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses,

M&M Financial hits highest level since Mar 2020, soars 10% post Q3 results

Mahindra Finance is benefitting from the healthy sectoral tailwinds and its parent Mahindra & Mahindra's strong recovery in auto volumes.

Rs 20-trn agri credit outlay to boost tractor manufacturers, PSBs: Analysts

However, fertiliser stocks may not see another upsurge as they have have more-than-doubled in the last six months, they said

Titan rallies 5% on hopes of healthy Q4 business outlook

Given strong execution, analysts at Emkay Global Financial Services, too, remain confident of the high-teens earnings trajectory for Titan in the medium term

Look to accumulate pharma, media shares near support levels: Ravi Nathani

According to the technical analyst, the Nifty Pharma index is likely to get support around 11,981 level.

Mehul Kothari recommends to buy Astral above this level

According to the technical analyst from Anand Rathi, Astral may witness a strong upside momentum on breakout above Rs 2,085.

Sterling Tools hits 4-year high on strong Q3 results; surges 40% in 1 month

The revenue growth was primarily driven by increase in content per vehicle, overall robust industry demand & parts SOB increase in select OEM's.

Aquaculture stocks soar after govt slashes customs duty on shrimp feed

Shares of Avanti Feeds, Coastal Corporation, and Waterbase soared up to 20 per cent in trade, as against a 2.05 per cent climb in the S&P BSE Sensex

Budget 2023 proposals will put India firmly back on the FII's radar

The measures, overall, will push private capex higher at a time when the global economy is facing recessionary headwinds, says Andrew Holland

ITC hits life-time high, bounces back 11% from day's low on heavy volumes

Shares of ITC were up nearly 4 per cent at Rs 365.65, surpassing its previous high of Rs 362, touched on November 11, 2022, on the BSE in intra-day trade on Wednesday.

Adani group shares extend fall; Adani Total Gas tanks 51% in five days

Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.

Apar Industries zooms 42% in two days, hits record high on robust earnings

The management said the company witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis.

Ashish Kacholia to buy over 5% stake in this SME firm; stock soars 14%

The board approved to issue up to 1.23 million equity shares (5.38 per cent post allotment of total equity) each to Ashish Kacholia and Bengal Finance & Investment Private Limited.

Britannia's Q3 revenues may rise up to 20% YoY on higher volumes: Analysts

Britannia outperformed peers as shares surged 12 per cent in Q3FY23, whereas peers like Hindustan Unilever (HUL), Dabur India, ITC, and Tata Consumer declined up to 5 per cent, during the same period

Larsen & Toubro falls 2% on profit booking post Q3 results

L&T reported a strong order book of Rs 3.72 trillion, suggesting good revenue visibility in coming years.

Heranba Industries tanks 20%, hits record low on weak Q3 results

The management said revenue impacted by challenging global macros including prolonged geopolitical concerns, rising inflation in major economies and slowdown in demand.