Page 243 - Market Trends
Metal shares shine on demand revival hopes; Hindalco, Vedanta soar 7%
At 10:36 am; Nifty Metal index was the top gainer among sectoral indices, up 4.4 per cent, as compared to 1.3 per cent rise in the Nifty50 index.
 "Metal shares shine on demand revival hopes; Hindalco, Vedanta soar 7%")
LIC lists at 8.6% discount, stock recovers partially post weak debut
LIC has now become the fifth most valuable listed Indian company with a market capitalisation of Rs 5.72 trillion on the BSE as of 10:08 am, the exchange data shows.
 "LIC lists at 8.6% discount, stock recovers partially post weak debut")
Amber Enterprises tanks 18% on weak Q4 operational performance
In Q4, EBITDA margins declined by 240 bps to 6.5 per cent, due to delay in passing of higher raw material prices along with sharp increase in employee cost.
 "Amber Enterprises tanks 18% on weak Q4 operational performance")
Bias remains negative for MCX Gold, Silver futures; Key levels to watch out
The MCX Gold futures may slide towards the 200-DMA at Rs 48,840 in the near term; while the broader trend indicates a downside target of Rs 53,000 for MCX Silver futures.
 "Bias remains negative for MCX Gold, Silver futures; Key levels to watch out")
Stocks to Watch: Adani Group, RIL, SBI, Dmart, Railtel, Bandhan Bank, PSBs
Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.
 "Stocks to Watch: Adani Group, RIL, SBI, Dmart, Railtel, Bandhan Bank, PSBs")
Poonawalla Fincorp surges 20% post March quarter results
In Q4, AUM grew 16.5 per cent year-on-year and 8.9 per cent quarter-on-quarter at Rs 16,579 crore.
 "Poonawalla Fincorp surges 20% post March quarter results")
Greaves Cotton zooms 11% as company's E-Mobility biz turns profitable in Q4
However, despite of today's rally the stock has underperformed the market by declining 28 per cent in the past one month as against a 8 per cent fall in the Sensex.
 "Greaves Cotton zooms 11% as company's E-Mobility biz turns profitable in Q4")
HDFC AMC hits new 52-week low on MSCI exclusion; stock down 18% in a month
From India, MSCI has added 4 stocks - Adani Power, AU Small Finance Bank, Jindal Steel & Power and Tata Elxsi, whereas, deleted HDFC AMC.
 "HDFC AMC hits new 52-week low on MSCI exclusion; stock down 18% in a month")
Matrimony.com surges 14% as board approves share buyback via tender offer
The board has recommended a buyback of equity shares not exceeding Rs 75 crore at an indicative maximum buyback price not exceeding Rs 1,150 per equity share.
 "Matrimony.com surges 14% as board approves share buyback via tender offer")
Stocks to Watch: L&T, Tata Motors, Siemens, Apollo Tyres, HCC, HP Adhesives
Stocks to Watch Today: Bandhan Bank, BoB, Eicher Motors, Escorts, REC, SBI, Tech Mahindra and UCO Bank are likely to be in focus ahead of Q4 results; Delhivery and Venus Pipes IPOs close on Friday.
Sensex crashes 1,100 points: Top 4 factors rattling investors' sentiment
US inflation data, possibility of aggressive rate hikes, record low rupee, and intense selloff by foreign portfolio investors are among the key factors that thumped stocks lower
 "Sensex crashes 1,100 points: Top 4 factors rattling investors' sentiment")
Here is why Hindalco shares tumbled 6 per cent on Thursday
In Q4, Novelis reported 15 per cent YoY decline in adjusted EBITDA at $431 million primarily due to short-term operational cost challenges.
 "Here is why Hindalco shares tumbled 6 per cent on Thursday")
Relaxo Footwears slips 10% on weak March quarter results
In Q4FY22, EBITDA margin was down 596 bps to 15.9% due to steep increase in raw material prices and extra support to trade towards GST rate differential on inventory.
 "Relaxo Footwears slips 10% on weak March quarter results")
Punjab National Bank tanks 10%, hits 52-week low on weak Q4 results
In Q4FY22, the bank's standalone net profit dropped 66 per cent YoY to Rs 201 crore as the bank set aside Rs Rs 325 crore on account of a fraud.
 "Punjab National Bank tanks 10%, hits 52-week low on weak Q4 results")
Stocks to Watch: CoForge, MRPL, Petronet, JSW Ispat, PNB, Birla Corp, PSBs
Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent Corporate Advisory Services IPO to close on Thursday.
Infosys hits over 10-month low; stock down 14% in a month
In the past one month, the stock of information technology (IT) major has declined 14 per cent after operating performance missed estimates in March quarter (Q4FY22).
 "Infosys hits over 10-month low; stock down 14% in a month")
Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total
The outlook for Natural gas stocks looks good. However, these stocks need to cross and sustain above the key levels for renewed buying interest.
 "Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total")
Stocks to Watch: SBI, Cipla, Voda Idea, Gujarat Gas, Zensar, MGL, Welspun
Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.
Vinay Rajani recommends selling Vedanta, DLF; expects further fall in Nifty
The technical analyst from HDFC Securities sees the next major support for the Nifty at 15,700-level.
 "Vinay Rajani recommends selling Vedanta, DLF; expects further fall in Nifty")
This stock has zoomed 174% in 21 days after reversal of trade suspension
Shares of Kohinoor Foods were locked in upper circuit for the 21 straight trading days, up 5 per cent at Rs 21.30 on the BSE.
 "This stock has zoomed 174% in 21 days after reversal of trade suspension")