Page 205 - Market Trends
Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
 "Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands")
IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission
DIPAM extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of the Bank to January 7 2023 from December 16 2022.
 "IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission")
IRCTC dips 5% after government sets OFS floor price at steep discount
The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.
 "IRCTC dips 5% after government sets OFS floor price at steep discount")
Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC
Stocks to watch today: M&M will invest Rs 10,000 crore to set up an electric vehicle (EV) manufacturing facility in Pune; Bharti Airtel launched 5G Plus services at no-extra cost in Lucknow
 "Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC")
Stock of this specialty chemicals company has zoomed over 100% in 10 days
Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
 "Stock of this specialty chemicals company has zoomed over 100% in 10 days")
Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%
So far in 2022, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each.
 "Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%")
SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs
In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
 "SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs")
Triveni Turbine surges 5%, hits new high on fixing record date for buyback
With strong focus in enquiry generation and aggressive coverage plans, both in domestic and international markets, the management expect to convert large opportunities in the imminent future.
 "Triveni Turbine surges 5%, hits new high on fixing record date for buyback")
Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589
On the downside, Rs 5,850 seems to be a good support for Crude Oil; Whereas Natural Gas futures have multiple supports as per the daily chart.
 "Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589")
Stocks to watch: YES Bank, Paytm, Vedanta, SBI, Axis Bank, Tata Motors
Stocks to watch today: Private equity majors Carlyle Group and Advent picked 9.99 per cent stake in YES Bank; Paytm approved buyback of shares worth Rs 850 crore
 "Stocks to watch: YES Bank, Paytm, Vedanta, SBI, Axis Bank, Tata Motors")
Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days
With this recent gain, the stock quoted 41 per cent higher against its issue price of Rs 87 per share
 "Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days")
YES Bank re-enters top-100 most valued firms list; stock up 30% in 3 days
At 12:52 pm; with market-cap of Rs 57,380 crore, YES Bank stood at 92nd position in overall market-cap ranking, the BSE data shows
 "YES Bank re-enters top-100 most valued firms list; stock up 30% in 3 days")
Dharmaj Crop slips 11% in three days; falls below issue price of Rs 237
The stock had recently made a decent debut, with its shares listed at Rs 266 - a 12 per cent premium to its issue price.
 "Dharmaj Crop slips 11% in three days; falls below issue price of Rs 237")
Stock of this PSU bank has nearly doubled in just nine trading sessions
Punjab & Sind Bank trading higher for the fourth straight day, surging 42 per cent during the period, and quoted at its highest level since February 2018.
KEC International soars 7% on securing new orders worth of Rs 1,349 crore
Analyst at Reliance Securities said, considering strong revenue visibility backed by healthy order book, earnings momentum with higher margin from Q4FY23 onwards and likely improvement in return ratio
 "KEC International soars 7% on securing new orders worth of Rs 1,349 crore")
Here's why Mehul Kothari is bullish on BPCL, Thomas Cook
According to the technical analyst from Anand Rathi, BPCL can rally to Rs 365; while Thomas Cook can jump to Rs 88.
Stocks to watch: Dalmia Bharat, ICICI Bank, Paytm, ONGC, KEC International
Stocks to watch today: ICICI Bank raised Rs 5,000 crore through bonds to fund business growth; Dalmia Bharat acquired cement assets of Jaypee Group's company for Rs 5,666 crore
 "Stocks to watch: Dalmia Bharat, ICICI Bank, Paytm, ONGC, KEC International")
Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support
CLOSING BELL: The benchmark indices sought support from financial and metal stocks with their respective indices climbing 0.2 per cent & 0.4 per cent. On the downside, the IT index fell 0.4 per cent.
 "Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support")
Bharat Forge gains 2% on healthy medium term growth prospects
The spike comes after the management re-iterated healthy medium term revenue prospects, supported by growth in defense, aerospace, e-mobility, and aluminum segments
 "Bharat Forge gains 2% on healthy medium term growth prospects")
Uniparts India makes weak debut; sheds 7% against issue price post listing
Post listing, the stock of industrial products company slipped to Rs 538, a 7 per cent discount to its issue price on the NSE.
 "Uniparts India makes weak debut; sheds 7% against issue price post listing")