Page 440 - Markets
Varun Beverages soars 12% in 3 days, nears record high on strong Q3 results
Going ahead, VBL expects double-digit volume growth to continue, led by 5-10 per cent annual outlet expansion and growth in revenue per outlet
 "Varun Beverages soars 12% in 3 days, nears record high on strong Q3 results")
Fed hikes rate again by 75 basis points, hints at entering end phase
On Wednesday, US Fedral Bank increased repo rate by 75 basis points, taking the key repo rate to 4 per cent
 "Fed hikes rate again by 75 basis points, hints at entering end phase")
ITC hits new high in a subdued market; zooms 63% thus far in 2022
Post Q2 results, most brokerages have either recommended a 'buy' and an 'accumulate' rating on ITC with target prices in the range of Rs 365 to Rs 405
 "ITC hits new high in a subdued market; zooms 63% thus far in 2022")
Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results
The bank said the significant jump in net profit is mainly because of improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement, among others
 "Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results")
'It is unacceptable': Investors react to 40-minute Toronto Exchange Outage
A 40-minute outage across three stock exchanges stalled equity trading in Canada, leaving some investors frustrated and others refusing to place orders even after it reopened.
 "'It is unacceptable': Investors react to 40-minute Toronto Exchange Outage")
Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14
Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year
 "Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14")
NTPC surges over 4% on heavy volumes; stock nears 5-year high
With strong focus on alternate energy spectrum, analysts at ICICI Securities believe NTPC may be able to break the underperformance of the last decade
 "NTPC surges over 4% on heavy volumes; stock nears 5-year high")
Sun Pharma extends gains post September quarter earnings; up 6% in two days
The management said the strong revenue and margins were driven by market share gain in India, sustained ramp-up of the company's global specialty business and growth in Emerging Markets
 "Sun Pharma extends gains post September quarter earnings; up 6% in two days")
4 IPOs likely to open this week. Which one's worth your money?
Four companies are looking to raise over Rs 4,000 cr this week via IPO. DCX Systems and Bikaji Foods are already seeing investors' interest in the grey market. Do these IPOs deserve your money?
 "4 IPOs likely to open this week. Which one's worth your money?")
Angle One, MOFSL: Here's what tech charts suggest for brokerage stocks
Motilal Oswal Financial Services is the only stock among major broking firms that slipped to a fresh 52-week low last week
 "Angle One, MOFSL: Here's what tech charts suggest for brokerage stocks")
TMS Ep292: Twitter under musk, metaverse, markets, deities on legal tenders
How will Twitter transform under Elon Musk? How'll metaverse change the shopping experience? How will US Fed & BoE rate action affect markets? What pictures can be used on currency notes? Answers here
 "TMS Ep292: Twitter under musk, metaverse, markets, deities on legal tenders")
Sensex rises 203 pts, Nifty ends near 17,800; Maruti zooms 5%, RIL 3%
Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.
 "Sensex rises 203 pts, Nifty ends near 17,800; Maruti zooms 5%, RIL 3%")
Maruti Suzuki soars 5%, hits 52-wk high on better-than-expected Q2 results
The company said it has been making simultaneous efforts in securing electronic components availability, cost reduction, and improving realization from the market to better its margins
 "Maruti Suzuki soars 5%, hits 52-wk high on better-than-expected Q2 results")
Maruti Suzuki Q2 profit up 4x to Rs 2,062 cr; logs record quarterly sales
Sales in the domestic market stood at 454,200 units, while exports were at 63,195 units.
 "Maruti Suzuki Q2 profit up 4x to Rs 2,062 cr; logs record quarterly sales")
Analysts cut earnings estimate, target price on SBI Card post weak Q2 show
SBI Card has underperformed its peers amid company-specific/sector issues pertaining to market share, revolver share, and merchant discount rate (MDR)-related challenges
 "Analysts cut earnings estimate, target price on SBI Card post weak Q2 show")
HPL Electric zooms 50% in 1 month on robust order book, revenue visibility
The management expects that the demand for the company's products from the domestic markets to continue unabated over the rest of FY23
 "HPL Electric zooms 50% in 1 month on robust order book, revenue visibility")
Mehul Kothari is bullish on Voltas, Aegis Logistics; check why
Right from the month of April 2022; VOLTAS has been trading in a strong corrective mode and has come down from 1300 mark towards 850 mark
 "Mehul Kothari is bullish on Voltas, Aegis Logistics; check why")
Market value up, but volumes declining in India: Unilever CEO Alan Jope
The consumption weakness is due to the impact of inflation, particularly in rural areas, he said
 "Market value up, but volumes declining in India: Unilever CEO Alan Jope")
LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days
The company's board will discuss future strategic plans, inter-alia, potential raising of funds, in their forthcoming meeting on Monday, October 31, 2022
 "LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days")
Maruti Suzuki Q2 profit may surge up to 355% YoY on higher sales volume
Maruti Suzuki Q2 preview: The company, which is due to announce its result on Friday, October 28, could also see margin expansion due to price hikes, forex benefits, and operating leverage
 "Maruti Suzuki Q2 profit may surge up to 355% YoY on higher sales volume")