Page 11 - Buzzing Stocks
Inox Wind falls 7% after board approves fund raise via preferential issue
The board approved fund raise of Rs 402 crore through preferential issue of equity shares and convertible warrants to promoter and non-promoters.
 "Inox Wind falls 7% after board approves fund raise via preferential issue")
L&T Infotech extends fall post Q4 results; stock slips 15% in three days
In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix
 "L&T Infotech extends fall post Q4 results; stock slips 15% in three days")
MRPL surges 13% on heavy volumes; stock zooms 58% in April
The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.
 "MRPL surges 13% on heavy volumes; stock zooms 58% in April")
Coal India gains 4%, hits over 2-year high on hopes of strong earnings
Amid the spiraling power generation, CIL raised its supplies to thermal power stations by 14.2 per cent during the first half of April'22 compared to same period last April.
 "Coal India gains 4%, hits over 2-year high on hopes of strong earnings")
Stocks to Watch: ACC, Mastek, PCBL, L&T Infotech, NBFCs, Sugar
Stocks to watch today: Shares of brokerage firms Angel One and ICICI Securities are also likely to be in focus ahead of the corporate earnings on Wednesday.
 "Stocks to Watch: ACC, Mastek, PCBL, L&T Infotech, NBFCs, Sugar")
Trend to remain bearish as long as Nifty stays below 17,275, Vinay Rajani
The technical analyst from HDFC Securities has buy call on ICICI Prudential Gold ETF and sell call on Mothersonsumi.
 "Trend to remain bearish as long as Nifty stays below 17,275, Vinay Rajani")
BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%
Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021.
 "BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%")
GAIL hits 52-week high ahead of record date for share buyback
The Company has fixed Friday, April 22, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares
 "GAIL hits 52-week high ahead of record date for share buyback")
The stock of this iron & steel company has zoomed 89% in 11 trading days
Sunflag Iron and Steel soared 18 per cent to hit a record high of Rs 118.90 on the BSE in Tuesday's intra-day trade, extending previous two-week rally on the back of heavy volumes.
 "The stock of this iron & steel company has zoomed 89% in 11 trading days")
INEOS Styrolution dips 16%, hits 52-wk low as promoter lowers stake via OFS
The promoter today launched an offer for sale to offload up to a 14.4 per cent stake in the company and fixed offer price at Rs 800 per share.
 "INEOS Styrolution dips 16%, hits 52-wk low as promoter lowers stake via OFS")
AU Small Finance Bank gains 4%, hits record high on bonus issue plan
The board of directors of the bank shall meet early next week to consider the proposal for issuance of bonus shares.
 "AU Small Finance Bank gains 4%, hits record high on bonus issue plan")
Sugar shares rally up to 9% on hopes of strong operational performance
With favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins are expected at 12.7%-13.7% in FY22-FY23 (slightly higher than FY21 levels).
 "Sugar shares rally up to 9% on hopes of strong operational performance")
Stocks to Watch: Mindtree, ACC, L&T Infotech, Maruti, AU Bank, IDFC
AU Small Finance Bank may be in focus as the company will consider bonus issue along with results on April 26.
 "Stocks to Watch: Mindtree, ACC, L&T Infotech, Maruti, AU Bank, IDFC")
Paper stocks in demand; JK Paper, Seshasayee Paper surge up to 14%
Paper stocks rallied on expectation of strong earnings supported by robust growth in the packaging board segment and continued demand in the writing and printing paper segment.
 "Paper stocks in demand; JK Paper, Seshasayee Paper surge up to 14%")
Varun Beverages hits record high on strong demand for soft drinks
Demand for soft drinks and ice-creams has reportedly touched a five-year high, with the early onset of summer and rise in mobility.
 "Varun Beverages hits record high on strong demand for soft drinks")
Tata Power's renewable arm raises Rs 4k cr from BlackRock; stk crashes 7.5%
On Thursday, the Tata group's power unit on Thursday said it was raising Rs 4,000 crore (or $525 million) from a consortium of investors, including BlackRock and Mubadala, to scale up its renewable en
 "Tata Power's renewable arm raises Rs 4k cr from BlackRock; stk crashes 7.5%")
NTPC surges 6% on heavy volumes; stock hits over 2-year high
In the past one month, NTPC has outperformed the market by surging 22 per cent on expectation of strong power demand. In comparison, the benchmark index was down 1.3 per cent.
 "NTPC surges 6% on heavy volumes; stock hits over 2-year high")
Indiabulls Real Estate dips 6% after listing of QIP shares
Nearly 86 million equity shares of Rs 2 each allotted to QIBs pursuant to qualified institutional placement (QIP) are listed on the exchange with effect from Monday, April 18, 2022.
 "Indiabulls Real Estate dips 6% after listing of QIP shares")
Infosys records sharpest intra-day fall in 2 yrs post weak Q4 nos; tanks 9%
Shares of Infosys tanked 9 per cent to Rs 1,592.05 on the BSE in Monday's intra-day trade after the company reported a weak set of numbers for the quarter ended March 2022 (Q4FY22).
 "Infosys records sharpest intra-day fall in 2 yrs post weak Q4 nos; tanks 9%")
Tata Steel up 2% in a weak market on stock split plan; zooms 13% in 3 mths
A stock split is generally undertaken to make the stock more affordable to small retail investors and increase liquidity
 "Tata Steel up 2% in a weak market on stock split plan; zooms 13% in 3 mths")
