Page 6 - Stock To Watch
Bajaj Auto gains 2% in a weak mkt after net profit climbs 20% YoY in Q2FY23
The management expects Q3 to be better than Q2 with supply chain visibility being much better
 "Bajaj Auto gains 2% in a weak mkt after net profit climbs 20% YoY in Q2FY23")
Nykaa hits lowest level since listing; stock slips 53% from record high
With this recent fall, the market price of Nykaa has tanked 53 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021
 "Nykaa hits lowest level since listing; stock slips 53% from record high")
This auto stock zoomed 54% in 2 weeks on 5 mn warrants issue to Vijay Kedia
Shares of Atul Auto continued its northward movement and surged 12 per cent to hit 52-week high of Rs 289.55 apiece in Friday's intra-day trade
 "This auto stock zoomed 54% in 2 weeks on 5 mn warrants issue to Vijay Kedia")
Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days
The stock of pesticides & agrochemicals company surpassed its previous high of Rs 2,178.85, which it had touched on July 20, 2022
 "Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days")
Apollo Micro Systems hits over 4-yr high on stable outlook; stock soars 15%
In the past one month, the stock has outperformed market as shares surged 25 per cent, as against 4.4 per cent decline in the S&P BSE Sensex
 "Apollo Micro Systems hits over 4-yr high on stable outlook; stock soars 15%")
Stock of this SS pipes producer has zoomed 100% against its issue price
With Wednesday's gain, the stock of Venus Pipes has zoomed nearly 100 per cent against its issue price of Rs 326 per share
 "Stock of this SS pipes producer has zoomed 100% against its issue price")
Power Mech up 4% in a weak mkt; soars 54% in 1-mnth on strong order book
In the past three months, the stock soared 133 per cent, as against 7 per cent rise in the Sensex.
 "Power Mech up 4% in a weak mkt; soars 54% in 1-mnth on strong order book")
This SME consumer electronics stock zoomed 1078% against its issue price
Shares of CWD hit a new high of Rs 2,121, up 5 per cent on the BSE and zoomed over 1,000 per cent against its issue price of Rs 180 per share.
This PSU stock outperformed market, surged 40% in five trading days
In the past three months, the market price of MDL more-than-doubled or zoomed 136 per cent, as against 9 per cent rise in the S&P BSE Sensex.
 "This PSU stock outperformed market, surged 40% in five trading days")
Praj Industries hits record high on strong order inflow hopes; stock up 9%
Analysts believe that the company sounded positive about the strong order inflows in the coming quarters, given government's target to achieve 20 per cent ethanol blending by 2025 (EBP-20)
 "Praj Industries hits record high on strong order inflow hopes; stock up 9%")
Godrej Consumer slips 7% post September quarter business update
The company expects their EBITDA to decline in mid-teens in the September quarter of FY23, due to consumption of high-cost inventory, high marketing spends and weak Indonesia performance
 "Godrej Consumer slips 7% post September quarter business update")
Zee Entertainment gains 6% after CCI's conditional nod for merger with Sony
Analysts believe that the approval paves way for the consummation of the merger by Q4 of this fiscal year.
 "Zee Entertainment gains 6% after CCI's conditional nod for merger with Sony")
Liberty Shoes hits multi-yr high on strong outlook; stock up 104% in 1-mnth
Going ahead, the company aims to grow by 30 per cent in the year 2022-23 and is confident enough to achieve the highest ever top line and Profit before tax (PBT) in the year 2022-23
 "Liberty Shoes hits multi-yr high on strong outlook; stock up 104% in 1-mnth")
RITES hits all-time high on healthy outlook; stock climbs 15% in 3 days
The stock of state-owned engineering, designing & construction company traded higher for the third straight day, surging 15 per cent, during the period
 "RITES hits all-time high on healthy outlook; stock climbs 15% in 3 days")
Bharti Airtel hits record high ahead of 5G services launch; stock soars 6%
Analysts at JPMorgan believe that Bharti Airtel is one of the key beneficiaries of Indian wireless market consolidation.
 "Bharti Airtel hits record high ahead of 5G services launch; stock soars 6%")
ITI soars 10% as board plans to mull equity share issue to the government
The company has undertaken many initiatives or projects, in order to boost their turnover and implement the revival plan.
 "ITI soars 10% as board plans to mull equity share issue to the government")
Bharat Gears trades ex-date for 1:2 bonus; stock zooms 20%
The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment
City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%
Analysts expects overall gas demand from the CNG and DPNG sectors to grow at 15.7 per cent CAGR over FY22-27 supported by aggressive expansion in infrastructure.
 "City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%")
Aurobindo slips 6% in a week after arm receives EIR from USFDA
In the past six months, Aurobindo has underperformed the market by falling 31 per cent, as compared to a marginal 0.07 per cent decline in the S&P BSE Sensex.
 "Aurobindo slips 6% in a week after arm receives EIR from USFDA")
Piramal Enterprises slips 9% to hit 52-week low; stock slumps 11% in 2 days
In the past two days, the stock slipped 11 per cent after the RBI directed M&M Financial Services to immediately cease any recovery or repossession activities via an outsource till further orders.