Page 220 - Market Trends
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")
Trading Strategies in Mc-Dowell, Mahindra & Mahindra by Mehul Kothari
According to the technical analyst from Anand Rathi, McDowell could rise to Rs 920, whereas Mahindra & Mahindra can slip to Rs 1,220.
 "Trading Strategies in Mc-Dowell, Mahindra & Mahindra by Mehul Kothari")
Logistics stks price in most positives; no near-term upside seen: Analysts
The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030
 "Logistics stks price in most positives; no near-term upside seen: Analysts")
Ambuja Cements hits new high, up 10% on Adani's Rs 20,000-cr funding plan
The company's new board approved an infusion of Rs 20,000 crore by way of preferential allotment of 477 million convertible warrants at a price of Rs 419 to Harmonia Trade and Investment
 "Ambuja Cements hits new high, up 10% on Adani's Rs 20,000-cr funding plan")
Stocks to Watch: ACC, Ambuja, Adani Power, ONGC, Zomato, Hero MotoCorp
Stocks to Watch Today: In the F&O space, Indiabulls Housing Finance, India Cements, PVR and RBL Bank are in the ban period on Monday
 "Stocks to Watch: ACC, Ambuja, Adani Power, ONGC, Zomato, Hero MotoCorp")
M&M Finance, SBI Card: Financiers eye over 10% upside amid festive cheer
Among consumer financiers, Mahindra & Mahindra and Cholamandalam Investment look strong on charts, while Bajaj Finance and Muthoot Finance need to overcome key hurdles for an upside, indicate charts.
 "M&M Finance, SBI Card: Financiers eye over 10% upside amid festive cheer")
IndusInd Bank gains 2% on strong outlook; stock up 53% in 3 months
Analysts expect that the bank's credit growth and profitability is expected to be strong on account of revived demand in MFI and vehicle finance.
 "IndusInd Bank gains 2% on strong outlook; stock up 53% in 3 months")
Derivatives analyst Nandish Shah recommends Bull Spread on Granules India
The analyst from HDFC Securities recommends buying Granules India 320 Call and simultaneously selling 340 Call of the September series.
 "Derivatives analyst Nandish Shah recommends Bull Spread on Granules India")
'Risks to global markets could arise from central bank rate actions'
Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.
 "'Risks to global markets could arise from central bank rate actions'")
Ceat hits over 4-year high on healthy outlook; stock jumps 60% in 3 months
The company expects the overall tyre industry to perform well due to easing of pandemic-led curbs, pent-up demand from OEMs, and replacement segment.
 "Ceat hits over 4-year high on healthy outlook; stock jumps 60% in 3 months")
PVR slips 5% after mega block deals; stock down 17% from 52-week high
According to media report, four investors in movie theatre chain PVR offloaded 7.7% stake in the company via block deals.
 "PVR slips 5% after mega block deals; stock down 17% from 52-week high")
Shares of these two Tata Group firms zoomed up to 60% in last one week
The share price of Tata Investment Corporation has zoomed 60%, while TRF has appreciated by 58 per cent in past one week on the BSE.
 "Shares of these two Tata Group firms zoomed up to 60% in last one week")
SBI joins Rs 5-trillion market cap club; stock surges 26% in three months
At 09:42 AM, with a market cap of Rs 5.03 trillion, SBI stood at seventh place in the overall market cap ranking of companies, BSE data shows
 "SBI joins Rs 5-trillion market cap club; stock surges 26% in three months")
Kalyan Jewellers up 12% on heavy vol; tops issue price for the first time
With the industry's formalisation and mandatory hallmarking by the Government, the company said that they are well-poised to capitalise on emerging opportunities and demands in the coming years.
 "Kalyan Jewellers up 12% on heavy vol; tops issue price for the first time")
Stock of this specialty chemicals company zoomed over 100% in five weeks
Shares of Jyoti Resins & Adhesives locked in 5 per cent upper circuit for the fifth straight day as they hit a new high of Rs 1,769.70 on the BSE.
 "Stock of this specialty chemicals company zoomed over 100% in five weeks")