Page 264 - Market Trends
Policybazaar slips 4% to a new low, stock down 26% from all-time high
Meanwhile, the mandatory one-month lock-in period for anchor investors expired today
 "Policybazaar slips 4% to a new low, stock down 26% from all-time high")
Bannari Amman Sugars hits new life-time high, surges 17%
On November 30, 2021, BASL announced that the CARE Ratings reaffirmed the credit ratings for the credit facilities availed by the company from bankers
 "Bannari Amman Sugars hits new life-time high, surges 17%")
Indian Energy Exchange soars 13% on heavy volume, stock up 21% in four days
IEX on Wednesday, December 8, 2021, announced that its board allotted 599 million equity shares of Re 1 each as fully-paid up bonus equity shares, in the proportion of 2:1 to the eligible members
 "Indian Energy Exchange soars 13% on heavy volume, stock up 21% in four days")
Siemens hits record high, rallies 8% on record order book, growth outlook
As government investment in infrastructure continues and capacity utilization levels increase, the management believes tendering for private sector Capex will pick up in the months ahead
 "Siemens hits record high, rallies 8% on record order book, growth outlook")
Bajaj Electricals surges 11% on board nod for business restructuring plan
Bajaj Electricals is currently engaged in consumer product (CP) segment and engineering procurement and construction segment (EPC) segment
 "Bajaj Electricals surges 11% on board nod for business restructuring plan")
ITC bounces back, gains 8% in 3-days after a 18% decline from 52-week high
ITC said the company will hold its 'Institutional Investors and Financial Analysts Day' on Tuesday, 14th December, 2021 from 10.30 a.m.
 "ITC bounces back, gains 8% in 3-days after a 18% decline from 52-week high")
This textiles company stock has zoomed 291% in 6 weeks since split
In past six months, the stock of Raghuvir Synthetics has zoomed 2623 per cent as against a 12.6 per cent gain in the S&P BSE Sensex
 "This textiles company stock has zoomed 291% in 6 weeks since split")
Devyani surges 29% in 3-days, stock up 111% from issue price in 4 months
On Wednesday, December 8, 2021, the brokerage firm Motilal Oswal Financial Services initiated coverage on Devyani with a Buy rating and target price of Rs 190.
 "Devyani surges 29% in 3-days, stock up 111% from issue price in 4 months")
Stocks to Watch: RIL, M&M, Neogen, JBM Auto, Kopran, UBL, Voda Idea
The markets may consolidate after two days of strong gains for the benchmark indices
 "Stocks to Watch: RIL, M&M, Neogen, JBM Auto, Kopran, UBL, Voda Idea")
This Reliance Group stock has surged 62% in 2 weeks, hit over a 11-yr high
Reliance Industrial Infrastructure rallied 19% to Rs 993.50 on the BSE,trading at its highest level since July 2010.
Devyani International surges 13% on heavy volumes, stock at all-time high
Motilal Oswal Institutional Equities has initiated coverage on Devyani with a Buy rating and target price of Rs 190, driven by KFC's strong brand equity and operating metrics
 "Devyani International surges 13% on heavy volumes, stock at all-time high")
Nykaa mcap falls below Rs 1-trn mark; stock down 5%, sheds 18% in a week
The lock-in period for anchor investors gets over on Wednesday, December 8
 "Nykaa mcap falls below Rs 1-trn mark; stock down 5%, sheds 18% in a week")
Outlook for Nifty to remain bearish below 17,490, says Subash Gangadharan
The technical & derivative analyst from HDFC Securities recommends buying SAIL and and Hindalco
 "Outlook for Nifty to remain bearish below 17,490, says Subash Gangadharan")
CarTrade Tech hits new all-time low, stock down 46% from its issue price
Since October 29, 2021, the market price of CarTrade Tech slipped 24 per cent after the company reported a net loss for the second straight quarter of current fiscal.
 "CarTrade Tech hits new all-time low, stock down 46% from its issue price")
Sensex has support at 57,000, Nifty at 16,600. Stay on sidelines for now
Markets are likely to remain volatile over the next few sessions. Traders and investors should stay on the sidelines till there is clarity on the impact of Omicron variant and US Fed policy
 "Sensex has support at 57,000, Nifty at 16,600. Stay on sidelines for now")
IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week
IFCI's ratings outlook will change to stable if the company's strategic importance to the GoI increases significantly along with the infusion of sizeable capital, ICRA said in its report
 "IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week")
Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days
With the current rally, the market value of VIL has zoomed 235 per cent from its 52-week low of Rs 4.55 touched on August 5, 2021
 "Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days")
JBM Auto at new high ahead of board meet for stock split, up 87% in 1 month
The board of directors of the company is scheduled to meet on Wednesday, December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each
Eris Lifesciences soars 10% on JV with MJ Biopharm to enter insulin segment
The purpose of entering into the agreement is expansion of product portfolio to offer biotherapeutic options to the patients in cardio-metabolic segment, Eris said in statement
 "Eris Lifesciences soars 10% on JV with MJ Biopharm to enter insulin segment")
Stocks to Watch: Hero MotoCorp, Aurobindo, Neogen, SPARC, telecom shares
Telecom shares may be in demand on credit of bank guarantee to the telcos
 "Stocks to Watch: Hero MotoCorp, Aurobindo, Neogen, SPARC, telecom shares")