Page 244 - Market Trends
Charts indicate up to 15% fall in select metal stocks from current levels
The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower
 "Charts indicate up to 15% fall in select metal stocks from current levels")
Dixon Technologies hits 52-week low, stock down 19% in six trading days
The stock has been under pressure despite the company clarifying that there is no adverse impact on the business of the company due to the ED seizure of assets of Chinese mobile manufacturing company
 "Dixon Technologies hits 52-week low, stock down 19% in six trading days")
Rainbow Children's Medicare lists at 7% discount to issue price
The stock listed at Rs 506, a 7% discount when compared with its issue price of Rs 542 per share on the BSE.
 "Rainbow Children's Medicare lists at 7% discount to issue price")
Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions
Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.
 "Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions")
Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS
According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630.
 "Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS")
Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree
Stocks to Watch Today: LIC IPO closes for subscription today; Campus Activewear to make its debut on the bourses on Monday.
 "Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree")
IndoStar Capital freezes at 10% lower circuit on accounting discrepancies
The company may have to make an additional expected credit loss provisions between Rs 557 crore - Rs 677 crore due to the "certain observations and control deficiencies" made by an external auditor.
 "IndoStar Capital freezes at 10% lower circuit on accounting discrepancies")
Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows
Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.
 "Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows")
Angel One extends fall despite strong April update; stk drops 32% in 4 days
On April 29, 2022, the promoter, Rahul Thakkar sold 41,200 equity shares of Angel One via open market sale.
 "Angel One extends fall despite strong April update; stk drops 32% in 4 days")
Voltas tanks 10% on disappointing March quarter results
The EBITDA margin declined by 268 bps YoY to 9.8 per cent on account of higher raw material cost and delay in price hikes.
 "Voltas tanks 10% on disappointing March quarter results")
ITC outperforms benchmark on strong earnings hope; stock up 2%
ITC will announce its Q4 results and declare final dividend on May 18, 2022.
 "ITC outperforms benchmark on strong earnings hope; stock up 2%")
F&O Strategy: Nandish Shah recommends a Bull spread on Infosys
The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.
 "F&O Strategy: Nandish Shah recommends a Bull spread on Infosys")
Hero MotoCorp up 5% on hopes of healthy business outlook
With the economy picking up, the management expects the demand for motorcycles and scooters to see a positive turnaround in the coming months.
 "Hero MotoCorp up 5% on hopes of healthy business outlook")
ABB India soars 9% on robust March quarter earnings, strong order book
The company has a strong order backlog as of March 31, 2022, at Rs 5,229 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.
 "ABB India soars 9% on robust March quarter earnings, strong order book")
Matrimony.com gains 6% as board plans to mull share buyback proposal
The board will meet on May 12, 2022, to consider the proposal for buyback of equity shares of the company, the quantum, and mode of buyback.
 "Matrimony.com gains 6% as board plans to mull share buyback proposal")
Rate hike impact: Rate sensitive shares tumble as RBI ups rate by 40bps
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
 "Rate hike impact: Rate sensitive shares tumble as RBI ups rate by 40bps")
LIC IPO: GMP falls 40% in a week; can investors see a listing pop?
Analysts anticipate volatility in the grey market to moderate after the US Federal Reserve (US Fed) clears uncertainty over rate hike in its May meeting
 "LIC IPO: GMP falls 40% in a week; can investors see a listing pop?")
MCX Crude Oil futures seem range-bound; Bias positive for Natural Gas
The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.
 "MCX Crude Oil futures seem range-bound; Bias positive for Natural Gas")
Cosmo Films soars 10% on bonus issue plan
The company's board will meet on Monday, May 9, 2022 to consider the issuance of bonus shares.
Stocks to Watch: Tata Steel, HDFC, AEL, AWL, SpiceJet, Titan, BoB, NTPC
Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.