Page 199 - Market Trends
HDFC Bank, HDFC extend gains; advance over 3% in two trading days
In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE Sensex
 "HDFC Bank, HDFC extend gains; advance over 3% in two trading days")
Bank Nifty likely to consolidate in the near-term, says Ravi Nathani
According to the technical analyst, Bank Nifty's break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts
 "Bank Nifty likely to consolidate in the near-term, says Ravi Nathani")
Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Berger Paints.
 "Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani")
Federal Bank declines 5% on profit booking post strong Q3FY23
In the past six months, the stock of Federal Bank rallied 40 per cent, as compared to 12 per cent rise in the S&P BSE Sensex
 "Federal Bank declines 5% on profit booking post strong Q3FY23")
L&T hits record high on hopes of strong order inflows, stock rises 4%
The stock of engineering & construction company surpassed its previous high of Rs 2,210.50, which it had touched on December 16, 2022
 "L&T hits record high on hopes of strong order inflows, stock rises 4%")
IDFC, L&T Finance, 3 others hit 52-week highs; charts show up to 23% upside
Stock reaching fresh 52-week highs may further see up to 23 per cent upside
 "IDFC, L&T Finance, 3 others hit 52-week highs; charts show up to 23% upside")
UBL, CDSL: 5 oversold mid-, small-caps to bet on amid hopes of mkt reversal
Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance
PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%
Motilal Oswal Financial Services believes that sustained and consistent performance on delivering healthy return ratios can result in further re-rating of the stocks.
 "PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%")
Sula Vineyards soars 10% on heavy volumes post Q3 sales update
The company said it recorded highest-ever quarterly gross billings overall, both for its own brands as well as wine tourism revenues in Q3FY23.
 "Sula Vineyards soars 10% on heavy volumes post Q3 sales update")
HCL Tech Q3: Weak macros, narrow FY23 guidance limit upside, warn analysts
In Friday's trade, the stock gained marginally to close at Rs 1,077 per share, as against 0.5 per cent rise in the S&P BSE Sensex
 "HCL Tech Q3: Weak macros, narrow FY23 guidance limit upside, warn analysts")
Stock of this AMC has zoomed over 100% in one week
The BSE said that the exchange sought clarification from Shriram Asset Management Company on January 12, 2023, with reference to Movement in price, however, the reply is awaited.
 "Stock of this AMC has zoomed over 100% in one week")
Rail Vikas gains 13% in 3 days on securing orders worth of Rs 1,173 crore
On Wednesday, January 11, RVNL announced that the company bagged a Chennai Metro Rail project worth of Rs 1,134 crore and the project has to be completed in 1,065 days.
 "Rail Vikas gains 13% in 3 days on securing orders worth of Rs 1,173 crore")
HCL Tech down 3% as investors turn cautious on lowered revenue guidance
Despite strong performance in Q3, management lowered guidance in services and total revenue growth indicating weak Q4FY23.
 "HCL Tech down 3% as investors turn cautious on lowered revenue guidance")
L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T
LTTS said that it has agreed to acquire the Smart World & Communications business (SWC) of its parent company Larsen & Toubro (L&T) by way of slump sale for Rs 800 crore.
 "L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T")
Stock of this SME plastic products maker has zoomed 100% in 15 trading days
In past two days, the stock price of Captain Pipes has rallied 20% after the company said its board will meet on January 27 to consider stock split and bonus issue proposal.
 "Stock of this SME plastic products maker has zoomed 100% in 15 trading days")
Sah Polymers debuts on strong note; lists at 31% premium to issue price
Post listing, the stock hit a high of Rs 89.25, up 37 per cent when compared with its issue price of Rs 65 per share.
 "Sah Polymers debuts on strong note; lists at 31% premium to issue price")
CARE Ratings surges 7%, hits 52-week high in subdued market
In past one month, the stock has outperformed the market by surging 20 per cent, as compared to 3 per cent decline in the Sensex.
 "CARE Ratings surges 7%, hits 52-week high in subdued market")
Mehul Kothari is bullish on Hind Petroleum, SAIL; check why
According to the technical analyst from Anand Rathi, Hind Petro can surge to Rs 278; while SAIL can advance to Rs 97.
 "Mehul Kothari is bullish on Hind Petroleum, SAIL; check why")
HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3FY23: Analysts
HCL Tech Q3 preview: As per five brokerage estimates, analysts peg EBIT margins to see an uptick in the range of 53-60 basis points (bps) QoQ to 18.5 per cent in Q3FY23
 "HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3FY23: Analysts")
Stock of this auto ancillary company has zoomed 38% in 3 days
In the past eight months, it has more-than-doubled or zoomed 203 per cent from Rs 116.05, which it had touched on May 12, 2022