Page 9 - Stock To Watch
M&M extends rally to hit a new high; stock up 63% from 52-week low levels
While the food prices continue to remain high, the company believes that a better compensation for farmers would create a positive sentiment and lift demand for tractors and agri-implements
 "M&M extends rally to hit a new high; stock up 63% from 52-week low levels")
Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
 "Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%")
Biocon slips 4% despite arm denying bribery charges
At 10:26 AM, the stock of Biocon was down 3 per cent at Rs 316.10, as compared to 1 per cent decline in the S&P BSE Sensex
 "Biocon slips 4% despite arm denying bribery charges")
Stocks to watch: Bajaj Finance, Zydus Lifesciences, Tata Steel, Amara Raja
Stocks to watch today: Bajaj Finance has raised fixed deposit rates by up to 20 basis points; Zydus Lifesciences will open its share buyback offer on June 23 and close on July 6.
 "Stocks to watch: Bajaj Finance, Zydus Lifesciences, Tata Steel, Amara Raja")
LIC slips 5.8% as anchor investor lock-in ends; down 29% from issue price
LIC's stock traded at its lowest level since market debut on May 17, 2022
 "LIC slips 5.8% as anchor investor lock-in ends; down 29% from issue price")
Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data
CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS
 "Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data")
Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank
Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.
 "Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank")
Stocks to Watch: RIL, Bajaj Auto, HDFC, LIC, TVS Motor, IIFL Finance, HFCL
Stocks to Watch Today: Bajaj Auto to consider share buyback on June 14 after 22 years; The 30-day lock-in period for anchor investments in LIC IPO ends on June 13.
 "Stocks to Watch: RIL, Bajaj Auto, HDFC, LIC, TVS Motor, IIFL Finance, HFCL")
Sensex snaps 4-day losing run, rises 428 pts; Nifty holds 16,450; RIL up 3%
CLOSING BELL: Dr Reddy's Labs, Reliance Industries, Bharti Airtel, Sun Pharma, Tech M, and Infosys were the top large-cap gainers
 "Sensex snaps 4-day losing run, rises 428 pts; Nifty holds 16,450; RIL up 3%")
Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh
The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.
 "Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh")
Bata India dives after 2.8% promoter stake sale; stock down 8% in a week
On June 1, 2022, BATA (BN) B V, the promoter of Bata India, divested 3.6 million shares or 2.8 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions.
 "Bata India dives after 2.8% promoter stake sale; stock down 8% in a week")
Investors book profit day ahead of RBI policy outcome; Sensex falls 568 pts
CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points
 "Investors book profit day ahead of RBI policy outcome; Sensex falls 568 pts")
ICICI Lombard slips 5%; stock hits lowest level since May 2020
Muted business growth in two years coupled with higher claims led by covid-19 resulted in the recent underperformance.
 "ICICI Lombard slips 5%; stock hits lowest level since May 2020")
This industrial equipment stock hits 14-year high; zooms 85% in 3 months
As of 1:44 PM, the trading volumes on the counter more-than-doubled as 6.05 million equity shares representing 5.4 per cent of the company's total equity changed hands on the NSE and BSE.
Raymond, TD Power, HBL Power, KEI Industries, Mirza Intl hit record high
As of 11:09 am; these stocks rallied up to 14 per cent on the BSE in intra-day trade today. In comparison, the S&P BSE Sensex was down 0.04 per cent.
 "Raymond, TD Power, HBL Power, KEI Industries, Mirza Intl hit record high")
The stock of this merchant banker has zoomed 226% in five weeks
Galactico Corporate Services hit a new high of Rs 249.65 and was locked in upper circuit of 5 per cent for 14 straight trading days.
 "The stock of this merchant banker has zoomed 226% in five weeks")
Oil India surges 15% in three days on strong March quarter results
Analysts remain bullish on prospects of the company due to increase in crude price realisation and improvement in domestic gas price realisation.
 "Oil India surges 15% in three days on strong March quarter results")
Bharat Dynamics up 7% post Rs 2,971 crore deal with Defence Ministry
The company has signed a contract worth Rs 2,971 crore with Ministry of Defence for supply of Astra Mark-I BVRAAMs and associate equipments to Indian Air Force and Indian Navy.
 "Bharat Dynamics up 7% post Rs 2,971 crore deal with Defence Ministry")
M&M hits new high; rallies 12% in three days on healthy demand prospects
While the outlook for tractors has improved, analysts expect the auto business to be the key growth driver over the next couple of years.
 "M&M hits new high; rallies 12% in three days on healthy demand prospects")
New import policy to buoy paper stocks in medium-to-long term: Analysts
Analysts believe that the government's nascent step towards anti-dumping policy will act as a big booster for the domestic paper players.
 "New import policy to buoy paper stocks in medium-to-long term: Analysts")