Page 260 - Market Trends

Wipro slips 5% as Q3 earnings fail to meet market expecatations

IT services EBIT margin declined 60 bps QoQ to 17.1 per cent vs. 17.7 per cent last quarter.

Adani Green rallies to a new high, up 16% in 2 days on robust Q3 sales

The stock of the renewable energy arm of the diversified Adani Group quoted higher for the ninth straight trading session, and has gained 27 per cent during the same period.

Steel Exchange India up 5% on FPI buying, stock price doubles in one month

On Tuesday, January 11, 2022, Societe Generale acquired 500,000 equity shares representing 0.57 per cent stake in SEIL at Rs 226.02 per share via bulk deal on the NSE.

DLF gains 4% on reporting sales worth Rs 1,500 cr from its new project

DLF said it has clocked sales worth approximately Rs 1500 crore for towers in the first phase of the newly launched luxury residential project, ONE Midtown in West Delhi

TTML hits 5% lower circuit as telco opts for equity conversion on govt dues

The average price of the company's shares as per the calculation method provided in the DoT Communication works out to be around Rs 41.50 per share, subject to final confirmation by the DoT.

TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts

The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.

Hinduja Global Solutions to consider share buyback, stock gains 5%

After having announced a 1:1 bonus issue, the company's board will now meet on January 14 to consider and explore potential mergers & acquisition opportunities, and quantum/ timings for share buyback.

JBM Auto freezes at upper limit, hits new high; stock up 123% in two months

The company has aquired 51% stake in JBM Green Energy Systems and JBM EV Industries through its subsidiary JBM Electric Vehicles.

Shares of this agricultural products company has zoomed 213% in two months

GRM Overseas was locked at the 5 per cent upper circuit at Rs 815.55, also its new high in trades on Monday.

Greaves Cotton soars 11%, hits all-time high; stock up 40% so far in Jan

The stock has been in demand after the company's arm Greaves Electric Mobility reported strong sales for December 2021

Vaishali Parekh of Prabhudas recommends buying Concor, Jubilant Food

Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher

TTML breaks into top-100 most valued firms list, m-cap crosses Rs 50k-mark

The stock hit a new high of Rs 264, and was locked at the 5 per cent upper limit. It has zoomed whopping 14,567 per cent from levels of Rs 1.80 in March 2020.

Nitin Spinners gains 4%, hits record high on hopes of strong earnings

Currently, the stock is traded under the T Group, which represents securities that are settled on a trade-to-trade basis as a surveillance measure.

Hinduja Global tanks 20% as 1:1 bonus issue fails to cheer investors

The company's board also declared its third interim dividend of Rs 150 per share (1500 per cent) for FY22, and fixed January 18, 2022 as the "Record Date" for the payment of the same

Three reasons why Sensex plunged over 600 points on Thursday

Indian markets mirrored global sell-off after the US Federal Reserve's minutes indicate sooner and faster-than-expected rate hikes

IT index slips 4% in 2 days on profit booking following a strong 10% rally

The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.

Rama Steel hits 5% upper limit, stock up 89% in 13 days on improved outlook

On December 20, Brickwork Ratings [BWR) had upgraded the long-term rating to BWR BBB with a Stable outlook and short-term rating to BWR A3+ for the bank loan facilities of RSTL

Talbros Automotive soars 27% in 2 days as Vijay Kedia increases stake

Vijay Kedia acquired 2.27 per cent stake, while Sanjay Dugar bought 1.09 per cent stake in Talbros Automotive in the December quarter

AU Small Finance Bank rallies 8% on post Q3 business update

The private sector lender reported a sequential growth of 10.6 per cent and 26.5 per cent YoY in total assets under management to Rs 42,027 crore in December quarter

Thermax surges 7% on winning Rs 546 crore order to set-up two FGD systems

The company has sealed an order of Rs 545.6 crore from an Indian power public sector company to set up FGD systems for their two units of 500 MW capacity each in the state of Uttar Pradesh.