Page 200 - Market Trends
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
 "Stock of this auto ancillary company has zoomed 38% in 3 days")
OMCs trade firm in a range-bound market; IOC, HPCL, BPCL surge up to 5%
After two tight quarters of profit-margin shrinkage due to global volatility, Indian OMCs are expected to see reduction in operational losses in the October-December quarter (Q3FY23).
 "OMCs trade firm in a range-bound market; IOC, HPCL, BPCL surge up to 5%")
Bharti Airtel slips 4% after JP Morgan downgrades stock to 'Underweight'
Higher-than-expected capex, delayed price repair and a lack of 5G monetization should halt the industry wide ROIC repair that the brokerage firm now expects to decline/flat-line over FY23-25.
 "Bharti Airtel slips 4% after JP Morgan downgrades stock to 'Underweight'")
Transformers and Rectifiers India surges 10% on healthy growth outlook
In past one week, the stock has outperformed the market by surging 25 per cent, as compared to 1.8 per cent decline in the S&P BSE Sensex.
 "Transformers and Rectifiers India surges 10% on healthy growth outlook")
Jindal Steel & Power up 2%, hits over 10-month high in a choppy market
Monnet Power Assets, once operational, will provide an opportunity for the company to improve the heat rate, resulting in lower usage of coal in the power plant, said ICICI Securities in its report.
 "Jindal Steel & Power up 2%, hits over 10-month high in a choppy market")
Here's why Vinay Rajani recommends to buy SBI Life, Indian Oil
On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain bearish as long as the index stays below 18,141.
 "Here's why Vinay Rajani recommends to buy SBI Life, Indian Oil")
Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller
Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.
 "Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller")
CLSA upgrades Tata Motors to 'Buy' after JLR wholesales jump 15% YoY in Q3
Shares of Tata Motors surged 7 per cent in Tuesday's intra-day trade to hit a high of Rs 417.7 apiece
 "CLSA upgrades Tata Motors to 'Buy' after JLR wholesales jump 15% YoY in Q3")
Schneider Electric soars 14%, hits over 7-year high on positive outlook
In past 12 trading sessions, the stock has zoomed 44 per cent and now quotes at its highest level since August 2015.
 "Schneider Electric soars 14%, hits over 7-year high on positive outlook")
CG Power hits record high; stock surges 10% in two days on heavy volumes
In H1FY23, Ebitda margins improved 200 bps to 14.2% on account of improved sales realisation, favourable product mix, moderation in input costs, procurement efficiencies and better operating leverage.
TCS dips 2% as Q3 profit misses estimates; board okays Rs 75/sh dividend
Moderation of attrition is a positive and indicates easing of supply side challenges, which is likely to support margins, going ahead, ICICI Securities said in its note.
 "TCS dips 2% as Q3 profit misses estimates; board okays Rs 75/sh dividend")
Resistance for Nifty seen at 18,140, says Ravi Nathani
According to the technical analyst, the if the NSE Nifty 50 benchmark surpasses the resistance a rally to 18,265 seems likely.
 "Resistance for Nifty seen at 18,140, says Ravi Nathani")
Mehul Kothari recommends to buy Laurus Labs, RateGain Travel Technologies
According to the technical analyst from Anand Rathi, Laurus Labs can rally to Rs 400; while RateGain can jump to Rs 330.
Kalyan Jewellers surges 6%; reports up to 13% revenue growth in Q3
The company said December quarter witnessed positive momentum in footfalls and revenue across all the markets majorly driven by strong festive demand.
 "Kalyan Jewellers surges 6%; reports up to 13% revenue growth in Q3")
IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'
At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as co-promoters.
 "IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'")
Stock of this SME company has zoomed 70% in 10 days after a stellar debut
According to NITI Aayog, India's UAV market is expected to expand to $50 billion over the next 15 years as drones are projected to substitute 80 per cent of operations carried out by manned aircraft
 "Stock of this SME company has zoomed 70% in 10 days after a stellar debut")