Page 219 - Market Trends
Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%
Apart from a forensic audit in the Fortis-IHH deal, the Supreme Court on Thursday also announced a jail term of six months for Malvinder Singh and Shivinder Singh in the Daiichi-Fortis case.
 "Analysts cautious on Fortis Healthcare post SC verdict; stock tanks 18%")
Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick
Tata Chemical sees 25 per cent upside on Golden Cross breakout, while Tata Investment and Indian Hotels can surge up to 20 per cent each.
 "Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick")
Schneider Electric hits over 6-year high, surges 12% in a weak market
With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.
 "Schneider Electric hits over 6-year high, surges 12% in a weak market")
M&M Financial tanks 14% as RBI bars third-party services for loan recovery
In a circular, the RBI said that the non-banking finance company may continue to carry out recovery or repossession activities, through its own employees.
 "M&M Financial tanks 14% as RBI bars third-party services for loan recovery")
Derivatives analyst Nandish Shah recommends Bull Spread on Bharat Forge
The analyst from HDFC Securities recommends buying Bharat Forge 790 Call and simultaneously selling 810 Call of the September series.
 "Derivatives analyst Nandish Shah recommends Bull Spread on Bharat Forge")
Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod
Stocks to Watch Today: UCO Bank became the first bank to get RBI nod for Rupee trade settlement a/c with Russia; The Central Bank warns M&M Finance against outsourcing recovery agents.
 "Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod")
Saksoft hits all-time high ahead of 1:10 stock split; stock soars 19%
Saksoft has fixed Monday, September 26, 2022 as the 'record date' to ascertain the eligibility of shareholders entitled for sub-division of equity shares.
 "Saksoft hits all-time high ahead of 1:10 stock split; stock soars 19%")
Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock
The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.
 "Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock")
Infosys hits 52-week low, slips 14% in one month amid growth worries
The stock was tracking losses in global markets, as the US Fed raised interest rates an another 75 bps on Wednesday.
 "Infosys hits 52-week low, slips 14% in one month amid growth worries")
Stocks to Watch: Wipro, SBI, Reliance, SpiceJet, PNB, Sugar, Asian Hotels
Stocks to Watch Today: In the F&O space, Ambuja Cements, Can Fin Homes, Delta Corp, Escorts, PVR and RBL Bank are in F&O ban period on Thursday.
 "Stocks to Watch: Wipro, SBI, Reliance, SpiceJet, PNB, Sugar, Asian Hotels")
'Investors are building all data points into their market assessment'
Ajay Argal of Franklin Templeton believes that any change in stance to lower the pace or the quantum of rate hikes could provide an interim positive trigger for the markets.
 "'Investors are building all data points into their market assessment'")
Adani Group stocks drop in a dull market; Adani Ent, ATG slip up to 5%
Despite an overall weak market, shares of Adani Wilmar was up 2 per cent at Rs 785.90, as they bounced back 7 per cent from its intra-day low of Rs 735 per share on the BSE.
 "Adani Group stocks drop in a dull market; Adani Ent, ATG slip up to 5%")
Cement stocks drop in a weak market; Ambuja, ACC, Nuvoco slide up to 9%
Despite of Wednesday's fall, most of the cement stocks have outperformed markets in the past one month, on consolidation hopes in the cement industry.
 "Cement stocks drop in a weak market; Ambuja, ACC, Nuvoco slide up to 9%")
M&M, Central Bank, Solara: Trading strategies for buzzing stocks of the day
These five stocks were are trading with strong gains on Wednesday despite the nervouss undertone in the broader market ahead of US Fed rate decision later tonight.
 "M&M, Central Bank, Solara: Trading strategies for buzzing stocks of the day")
SpiceJet tanks 4% as airline sends 80 pilots on Leave Without Pay
The low-cost airline has been reporting losses for the past four years and is operating less than 50 per cent flights, following the July 27 DGCA order in the wake of mishaps.
 "SpiceJet tanks 4% as airline sends 80 pilots on Leave Without Pay")
Central Bank of India soars 15% as RBI removes lender from PCA framework
The RBI removed public sector lender from the Prompt Corrective Action Framework on complying with parameters like net non-performing assets and capital ratios
 "Central Bank of India soars 15% as RBI removes lender from PCA framework")
Breakout from 17,500-18,100 zone to give direction to Nifty: Vinay Rajani
Among individual stocks, the technical analyst from HDFC Securities recommends to buy Cochin Shipyard and PSP Projects.
 "Breakout from 17,500-18,100 zone to give direction to Nifty: Vinay Rajani")
Footwear stocks in focus: Metro Brands, Campus can gain 10%, charts show
Among individual stocks, Liberty Shoes has witnessed a 'Golden Cross' on the daily chart, and can potentially rally up to 15 per cent.
 "Footwear stocks in focus: Metro Brands, Campus can gain 10%, charts show")
This Tata group stock has zoomed 101% in six days, trades at 6-year high
TRF was locked at the 5 per cent upper circuit for the sixth straight trading session after its removal from the Graded Surveillance Measure (GSM) surveillance.
 "This Tata group stock has zoomed 101% in six days, trades at 6-year high")
Venus Pipes hits new high, up 47% in two weeks on getting BIS certification
When compared with its issue price of Rs 326 per cent, the stock has gained a massive 80 per cent in less than four months post listing.
 "Venus Pipes hits new high, up 47% in two weeks on getting BIS certification")