Page 435 - Markets
Bank of India hits 17-month high on positive outlook; zooms 80% in 6 weeks
Rating agency Acuite Ratings & Research reaffirmed its rating of AA, revising the outlook to positive from stable for the bank's additional tier-1 bonds
 "Bank of India hits 17-month high on positive outlook; zooms 80% in 6 weeks")
Inox Green Energy makes dismal debut; lists at 8% discount over issue price
Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am; it was trading at Rs 61.60, down 5 per cent against its issue price
 "Inox Green Energy makes dismal debut; lists at 8% discount over issue price")
NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul
Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources
 "NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul")
RHI Magnesita extends rally, zooms 36% in one week; stock hits record high
On Saturday, November 19, the company announced acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL) for Rs 1,708 crore
 "RHI Magnesita extends rally, zooms 36% in one week; stock hits record high")
Adani Enterprises falls 3% as board to mull fund-raise on November 25
According to a Bloomberg report, the share sale for the fund raise could raise as much as $2.4 billion for the company
 "Adani Enterprises falls 3% as board to mull fund-raise on November 25")
It will be a 'bottoms-up' market in 2023: Sachin Shah of Emkay
Geopolitical tensions, and high energy and commodity prices are expected to continue in 2023. Therefore, the outlook for Indian equity markets will depend on the actual growth in the domestic economy
 "It will be a 'bottoms-up' market in 2023: Sachin Shah of Emkay")
Stocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens
Stocks to Watch: Inox Green Energy Services will make its debut on the bourses today. The issue price has been fixed at Rs 65 per share
 "Stocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens")
Withdrawal of start-up IPOs take wind out of sails of unlisted market
Share prices, trading activity slump amid rising uncertainty for startup listings
 "Withdrawal of start-up IPOs take wind out of sails of unlisted market")
Indian markets are likely to underperform peers in the short-run: Analysts
Among the lot, US equities still have a lot of room to catch up as the US Federal Reserve (US Fed) slows its pace of rate hikes, analysts say
 "Indian markets are likely to underperform peers in the short-run: Analysts")
Hi-Tech Pipes surges 18% as board to mull fund raising on November 24
The board will meet to consider fund raising through preferential issue of security(ies) to the person belonging to promoter/promoter group/non promoter group category
 "Hi-Tech Pipes surges 18% as board to mull fund raising on November 24")
PSU Bank index soars 73% from June lows; UCO, BOI, Canara zoom up to 102%
In the past one month, the Nifty PSU Bank index has rallied 31 per cent as compared to a 2.8 per cent rise in the Nifty 50 index
 "PSU Bank index soars 73% from June lows; UCO, BOI, Canara zoom up to 102%")
Nykaa shares decline 5% for second straight day on heavy volumes
Since Nov 10, when the stock price of Nykaa turned ex-bonus and the lock-in period ended, investors as well as private equity firms have offloaded around 181 million equity shares
 "Nykaa shares decline 5% for second straight day on heavy volumes")
Easy Trip Planners zooms 40% in two days; stock hits all-time high
The stock had turned ex-date for 3:1 bonus issue, and 1:1 stock split on Monday
 "Easy Trip Planners zooms 40% in two days; stock hits all-time high")
Stocks to Watch: Reliance, Nykaa, NDTV, Kaynes Technology, PFC, JK Paper
Stocks to Watch: Kaynes Technology will make its debut today. The issue price is fixed at Rs 587 per share
 "Stocks to Watch: Reliance, Nykaa, NDTV, Kaynes Technology, PFC, JK Paper")
Escorts Kubota rallies 6%; nears record high on strong growth outlook
The management has laid out a target revenue of Rs 22,700 crore by FY28 driven by amalgamation with Kubota JVs, ramp-up of vehicle/component exports, and continuing growth in domestic businesses
 "Escorts Kubota rallies 6%; nears record high on strong growth outlook")
Lack of broader market participation casts shadow on month-long rally
Nifty Midcap 100, Nifty Smallcap 100 struggle even as markets make new highs
 "Lack of broader market participation casts shadow on month-long rally")
Roll-back of export duty on steel has no near-term earnings upside: Experts
Analysts perceive the roll-back of export duties on steel as a valuation re-rating event, rather than an earnings upgrade trigger
 "Roll-back of export duty on steel has no near-term earnings upside: Experts")
India saw third-highest crypto app downloads between 2015 and 2022: BIS
Experts attributed it to the bull run in the market, curiosity around the crypto technology and access to smartphones and better internet facilities in India
 "India saw third-highest crypto app downloads between 2015 and 2022: BIS")
Easy Trip Planners surges 20% as stock turns ex-date for split, bonus issue
The stock turned ex-date for 3:1 bonus issue, and 1:1 stock split
 "Easy Trip Planners surges 20% as stock turns ex-date for split, bonus issue")
Stocks to Watch: Tata Motors, PB Fintech, Zomato, Archean Chemical, Metals
Stocks to Watch: Archean Chemical Industries and Five Star Business Finance will make their market debut today; Tata Motors will replace Dr Reddy's in the BSE Sensex from December 19
 "Stocks to Watch: Tata Motors, PB Fintech, Zomato, Archean Chemical, Metals")