Page 251 - Market Trends

Nifty Pharma may have bottomed out; Aurobindo, Glenmark can rally up to 10%

The Nifty Pharma index has crossed its near-term resistance at 13,700, and may spurt another 1.5 per cent.

Future Group shares hit record lows; Future Retail tanks 16% in two days

Future Group companies will convene meeting with their respective shareholders and creditors on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail

Here's why Mehul Kothari recommends buying Hindustan Unilever

According to the technical analyst from Anand Rathi, it is a good time to buy HUL as the stock recently retested its 200-WMA after a gap of 10 - 12 years.

Stocks to Watch: RIL, Adani Group, Ruchi Soya, Maruti, SBI, JSPL, FMCG

Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.

Future Group stocks hit 52-week lows as FRL clarifies on RIL takeover

Future Retail on Wednesday said that it was committed to taking all actions necessary to seek value adjustments and reversal of takeover of stores by the Reliance group.

Bharat Dynamics hits new high; stock surges 34% in 8 straight sessions

The counter witnessed three-fold jump in volume with a combined 2.3 million equity shares changing hands on the NSE and BSE.

Trent surges 8%, hits record high on hopes of strong earnings

The stock has gained 19 per cent in the last one month after the company reported a strong set of numbers for the December quarter and the management showed optimism over the future growth.

Voltas gains 4%; nears record high on JV with Hong Kong firm

Highly International and Voltas will hold 60% and 40% stake in the joint venture company, respectively, and the JVC would have equity capital of Rs 250 crore to be contributed in tranches.

Zomato hits new life-time low on reports of merger talks with Blinkit

The board of Zomato also approved acquisition of 16.66 per cent equity in Mukunda Foods for a consideration of $5 million.

Eureka Forbes locked at the 5% lower circuit on BSE listing

The exchange said, the stock will be in trade-for-trade (T2T) segment for the first 10 trading days.

Here's why Vinay Rajani of HDFC Securities is bullish on GSFC, Sun Pharma

The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.

Stocks to Watch: Zomato, Eicher Motors, IndiGo, HDFC Bank, Dhani Services

Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.

Ruchi Soya zooms 42% in two days on Rs 4,300 cr follow-on public offer plan

The company remains confident of the medium to long-term growth prospects in edible oils, processed food, palm plantations and other businesses of the company.

JK Paper rallies 29% in 1 week, hits new high on improved biz outlook

The re-opening of offices, educational institutions, and courts will lead to normalisation of paper demand.

Paytm sheds 20% in 2 days; drops out of the BSE top-100 market cap league

With Tuesday's intra-day fall of 9 per cent, Paytm's market capitalisation dropped to Rs 40,863 crore, down at the 112th position on the BSE.

Paytm tanks 14% hits new low post RBI curbs on Payments Bank

Paytm has clarified stating the RBI ban does not impact on the services provided in partnership with other financial institutions.

Jubilant FoodWorks slumps 15%, hits 52-week low as CEO Pratik Pota resigns

In the past three months, the stock has underperformed the market falling 35 per cent as against a 4.4 per cent decline on the S&P BSE Sensex.

Sugar stock on a roll; Balrampur, Triveni, Dhampur, Dwarikesh hit new highs

Sugar stocks rallied up to 11 per cent on the BSE in Friday's intra-day trade on strong outlook and foreign institutional investors (FIIs) interest.

BSE extends rally, zooms 52% in 10 days; stock hits record high

BSE has fixed March 22, 2022, as the record date for the purpose of determining the names of shareholders who shall be entitled for allotment of bonus equity shares in the ratio of 2:1.

Balrampur Chini gains 4%; hits record high on strong business outlook

Wiith a favourable mix of ethanol towards B-heavy/ juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve.