Page 16 - Buzzing Stocks
Saregama hits 5% upper circuit on board nod for distribution biz demerger
The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business).
 "Saregama hits 5% upper circuit on board nod for distribution biz demerger")
Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses
The private lender has acquired Citigroups' Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans in an all cash deal worth Rs 12,325 crore.
 "Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses")
Stocks to Watch: Axis Bank, Tata Steel, Bharti Airtel, Vodafone, Max Health
Shares of Max Healthcare will be in focus as reports said private equity fund KKR will sell $500 million worth of shares in the company via a block deal on March 31.
 "Stocks to Watch: Axis Bank, Tata Steel, Bharti Airtel, Vodafone, Max Health")
Usha Martin zooms 54% in 4 weeks; stock trades at over 14-year high
The stock traded at its highest level since January 2008; the stock had hit a record high of Rs 154 on January 4, 2008.
 "Usha Martin zooms 54% in 4 weeks; stock trades at over 14-year high")
Raymond soars 12%, hits 52-week high on heavy volumes
In the past three months, the stock has outperformed the market by surging 39 per cent after the company reported robust earnings for December quarter (Q3FY22).
 "Raymond soars 12%, hits 52-week high on heavy volumes")
Tata Coffee, Tata Consumer surge up to 13% on business reorganisation plan
TCPL on Tuesday announced a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
 "Tata Coffee, Tata Consumer surge up to 13% on business reorganisation plan")
Adani Enterprises hits new high on financial closure of Navi Mumbai airport
State Bank of India (SBI) has underwritten the entire debt requirement of Rs 12,770 crore for the NMIA Project
 "Adani Enterprises hits new high on financial closure of Navi Mumbai airport")
Stocks to Watch: ONGC, Hero MotoCorp, PNB, LTTS, IndiGo, Adani Group
Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.
 "Stocks to Watch: ONGC, Hero MotoCorp, PNB, LTTS, IndiGo, Adani Group")
Brigade Enterprise, RCF are the top trading picks of Vinay Rajani
The technical analyst from HDFC Securities expects the Nifty to rally towards 17,794 on a breakout above 17,500-level.
 "Brigade Enterprise, RCF are the top trading picks of Vinay Rajani")
Fertilizer shares in demand, zoom up to 20% amid supply worries
Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.
 "Fertilizer shares in demand, zoom up to 20% amid supply worries")
Ruchi Soya, Brightcom, Adani Power: How to trade buzzing stocks of the day?
Going ahead, technical charts indicate up to 15 per cent gains for the buzzing stocks of Tuesday.
 "Ruchi Soya, Brightcom, Adani Power: How to trade buzzing stocks of the day?")
Adani Power up 12%, hits 52-week high on heavy volume; zooms 37% in 6 days
Last week, the company approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself
 "Adani Power up 12%, hits 52-week high on heavy volume; zooms 37% in 6 days")
Ruchi Soya zooms 20% as co says SMSes pertaining to FPO not issued by it
Market regulator Sebi had directed Ruchi Soya to give the option to the FPO investors to withdraw their bids due to 'circulation of unsolicited SMSs advertising the issue'
 "Ruchi Soya zooms 20% as co says SMSes pertaining to FPO not issued by it")
SBI Life Insurance jumps up to 4% amid heavy volume on bulk deal buzz
According to reports, Canada Pension Fund was to sell its 0.56 per cent stake in the company in a price band of Rs 1,039 - Rs 1,077
 "SBI Life Insurance jumps up to 4% amid heavy volume on bulk deal buzz")
Bharti Airtel spurts 2%, extends rally on positive news flow
The stock has gained 6 per cent in the last four trading sessions when compared with a 0.4 per cent gain on the benchmark.
 "Bharti Airtel spurts 2%, extends rally on positive news flow")
Stocks to Watch: Aurobindo Pharma, RIL, Ruchi Soya, Tata Power, PowerGrid
Shares of drugmaker Aurobindo will be in focus as the company has acquired the domestic formulation business of Veritaz Healthcare on a slump sale basis at Rs 171 crore.
 "Stocks to Watch: Aurobindo Pharma, RIL, Ruchi Soya, Tata Power, PowerGrid")
Gail India gains 4% as board to consider share buyback on Thursday
The attractiveness of the buyback will be determined when the quantum and price of buyback is announced, said ICICI Securities in a note.
 "Gail India gains 4% as board to consider share buyback on Thursday")
Motherson Sumi Wiring lists after demerger; freezes at 5% lower circuit
The wiring harness business benefits from the mega trends (of premiumization, increasing use of electronics, and electrification) playing out in the Auto industry, resulting in an increase in content.
 "Motherson Sumi Wiring lists after demerger; freezes at 5% lower circuit")
Ruchi Soya slips 10%; stock falls 14% in four sessions
Ruchi Soya said a meeting of the board of directors of the company is scheduled to be held on March 29, 2022, for the purposes of determining the issue price and the anchor investor issue price
 "Ruchi Soya slips 10%; stock falls 14% in four sessions")
Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%
The combined entity will become the largest film exhibition company in India with 1,546 screens, at around 50 per cent multiplex screen market share and around 42% box office collection market share
 "Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%")
