Page 262 - Market Trends
MTNL zooms 117% in December, trades at its highest level since June 2014
Till 10:21 am; a combined 4.9 million equity shares had changed hands and there were pending buy orders for 4.74 million shares on the NSE and BSE
 "MTNL zooms 117% in December, trades at its highest level since June 2014")
RBL Bank tanks 20% as Vishwavir Ahuja goes on leave; analysts sound caution
RBL Bank on Saturday said its Managing Director and Chief Executive Officer Vishwavir Ahuja has proceeded on leave with immediate effect
 "RBL Bank tanks 20% as Vishwavir Ahuja goes on leave; analysts sound caution")
Tech Mahindra gains 4% to hit new all-time high; zooms 84% thus far in 2021
In the past one week, the stock rallied 12 per cent when compared with a 2.8 per cent rise in the S&P BSE Sensex
 "Tech Mahindra gains 4% to hit new all-time high; zooms 84% thus far in 2021")
GMR Infra surges 12% on signing pact for Medan Airport in Indonesia
The stock was trading at its highest level since December 2010.
 "GMR Infra surges 12% on signing pact for Medan Airport in Indonesia")
Kabra Extrusion surges 16% on Rs 100 crore capex plan for its battery unit
The company's board has also approved a proposal to raise up to Rs 301 crore for the expansion of its future technologies brand Battrixx
 "Kabra Extrusion surges 16% on Rs 100 crore capex plan for its battery unit")
HP Adhesives makes decent debut, shares list at 16% premium to issue price
At 10:01 am, the stock was locked at the 5 per cent upper circuit at Rs 334.95 on the BSE
 "HP Adhesives makes decent debut, shares list at 16% premium to issue price")
Data Patterns makes a strong debut, lists at 48% premium to issue price
Data Patterns shares were listed at Rs 864, a 48 per cent premium over its issue price of Rs 585 per share on the BSE.
 "Data Patterns makes a strong debut, lists at 48% premium to issue price")
HCL Technologies surges 5% amid block deal buzz, stock hits a 10-week high
Till 09:26 am; around 8.15 million equity shares or 0.30 per cent stake of the company had changed hands on the NSE, the exchange data showed
 "HCL Technologies surges 5% amid block deal buzz, stock hits a 10-week high")
Stocks to Watch: Data Patterns, Tega, LTFH, GMR Infr, Allcargo, Ajanta Phar
Data Patterns is likely to witness a bumper listing, with Grey Market Premium (GMP) indicating a likely 45-50 per cent premium to its issue price.
 "Stocks to Watch: Data Patterns, Tega, LTFH, GMR Infr, Allcargo, Ajanta Phar")
Share price of this specialty chemicals company has zoomed 38% in 3 days
In the past two weeks, the stock price of Jyoti Resins & Adhesives had zoomed 56 per cent, as compared to 2.5 per cent decline in the S&P BSE Sensex
 "Share price of this specialty chemicals company has zoomed 38% in 3 days")
Infosys hits new all-time high, stock up for third straight trading session
In the past six trading days, Infosys has gained 7 per cent after Accenture reported strong results for the quarter ended November (Q1FY22) and also gave a strong FY22 outlook
 "Infosys hits new all-time high, stock up for third straight trading session")
Medplus Health makes a strong debut; lists at 31% premium to issue price
The stock listed at Rs 1,040, a 31 per cent premium to its issue price of Rs 796 per share on the National Stock Exchange.
 "Medplus Health makes a strong debut; lists at 31% premium to issue price")
G E Shipping surges 9% on share buyback plan, board meet on December 27
The board of directors are scheduled to meet on Monday December 27, 2021 to consider and approve a proposal for buy-back of equity shares of the company.
 "G E Shipping surges 9% on share buyback plan, board meet on December 27")
RateGain Travel surges 28% in two trading sessions, trades at new high
The stock was up 10% in intraday trades today, but still traded below its issue price of Rs 425 per share
 "RateGain Travel surges 28% in two trading sessions, trades at new high")
Metro Brands debuts on a weak footing, lists 13% below its issue price
The stock listed at Rs 436 on the BSE and Rs 437 on the NSE, a 13 per cent below its issue price of Rs 500 per share.
 "Metro Brands debuts on a weak footing, lists 13% below its issue price")
Share price of this auto components maker has jumped 18% in the last 5 days
Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.
 "Share price of this auto components maker has jumped 18% in the last 5 days")
Hind Rectifiers surges 13%, hits 52-week high; stock up 35% in 3 days
In the past one month, the stock has rallied 47 per cent, as compared to 3 per cent fall recorded by the S&P BSE Sensex
 "Hind Rectifiers surges 13%, hits 52-week high; stock up 35% in 3 days")
India Cements surges 9% as RK Damani & family increases stake to 22.76%
As on September 30, 2021, RK Damani, Gopikishan Shivkishan Damani and family collectively held 21.14 per cent stake in India Cements.
 "India Cements surges 9% as RK Damani & family increases stake to 22.76%")
ZEE falls 5% on profit booking, post inking merger pact with Sony Pictures
In the past three months, ZEEL has outperformed the market by surging 35 per cent when compared with a 4 per cent decline in the S&P BSE Sensex
 "ZEE falls 5% on profit booking, post inking merger pact with Sony Pictures")
RIL, HCL Tech: These 7 oversold stocks are set to lead market recovery
The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks
 "RIL, HCL Tech: These 7 oversold stocks are set to lead market recovery")