Page 17 - Buzzing Stocks
Emami acquires Dermicool brand for Rs 432 crore; stock hits 52-week low
The stock of Emami has underperformed the market by falling 23 per cent in the past six months, as compared to a 5 per cent decline in the S&P BSE Sensex.
 "Emami acquires Dermicool brand for Rs 432 crore; stock hits 52-week low")
Escorts slips 8% in two days ahead of closure of open offer by Kubota
Till Friday, March 25, 2022, around 43.62 million equity shares had been tendered in the open offer, against 37.49 million shares proposed by Japan's Kubota Corporation
 "Escorts slips 8% in two days ahead of closure of open offer by Kubota")
Indus Tower tanks 8% on heavy volume; stock nears 52-week low
The stock traded close to its 52-week low of Rs 194.25 touched on August 5, 2021.
 "Indus Tower tanks 8% on heavy volume; stock nears 52-week low")
Tata Elxsi gains 5%, hits record high in a weak market
In the past three months, the stock has outperformed the market by surging 45 per cent as the company delivered strong and consistent growth in December quarter.
 "Tata Elxsi gains 5%, hits record high in a weak market")
Inox Leisure rallies 8%, hits 52-week high on improved business outlook
Business should continue to boost in the coming quarters, supported by uplifting of pandemic-related restrictions and strong content line up ready to be released over the next few months
 "Inox Leisure rallies 8%, hits 52-week high on improved business outlook")
Indian Hotels nears record high ahead of fixing of QIP price band
In the past three months, the stock has outperformed the market by surging nearly 30 per cent, as compared to 0.61 per cent rise in the S&P BSE Sensex
 "Indian Hotels nears record high ahead of fixing of QIP price band")
CreditAccess Grameen surges 40% in 3 months on improved asset quality
The stock hit a 52-week high of Rs 878 after it rallied 15 per cent on the BSE in Friday's intra-day trade
 "CreditAccess Grameen surges 40% in 3 months on improved asset quality")
Stocks to Watch: Axis Bank, M&M, Laurus Labs, Tata Consumer, Auto, OMCs
As per Moody's, fuel retailers IOC, BPCL and HPCL have together lost around USD 2.25 billion (Rs 19,000 crore) in revenue between Nov-March by keeping petrol and diesel prices unchanged.
 "Stocks to Watch: Axis Bank, M&M, Laurus Labs, Tata Consumer, Auto, OMCs")
F&O Strategy: Nandish Shah recommends a Bull spread on IDFC
The derivative analyst from HDFC Securities recommends buying IDFC March 65 CALL and simultaneously selling 70 CALL.
 "F&O Strategy: Nandish Shah recommends a Bull spread on IDFC")
The stock of this specialty chemicals has zoomed 51% in one month
The management believes that by the end of this year in comparison to the last year, company would be doubling its profitability.
 "The stock of this specialty chemicals has zoomed 51% in one month")
Shoppers Stop extends gain after promoters up stake; surges 45% in 1 month
On Monday, March 21, 2022, four promoter group companies had collectively purchased 74,000 equity shares worth Rs 3 crore of the company from open market
 "Shoppers Stop extends gain after promoters up stake; surges 45% in 1 month")
Suven Pharma gains 5% to hit record high; stock rallies 18% in three days
In the past three months, Suven Pharma has outperformed the market by soaring 30 per cent, as against less than a per cent rise in the Sensex.
 "Suven Pharma gains 5% to hit record high; stock rallies 18% in three days")
Zee surges 15% as Invesco withdraws EGM notice for Punit Goenka's removal
In September 2021, Invesco had put out a requisition to the Zee Board of Directors to hold an EGM on the grounds that it felt the company was not running as smoothly as desired.
 "Zee surges 15% as Invesco withdraws EGM notice for Punit Goenka's removal")
Nelco freezes at 5% upper circuit on strategic pact with Omnispace
A strategic cooperation agreement to enable and distribute 5G non-terrestrial network (NTN), direct-to-device satellite services
 "Nelco freezes at 5% upper circuit on strategic pact with Omnispace")
5-day rally halts! L&T Finance down 7% on profit-taking post L&T stake hike
On Wednesday, the stock ended 18 per cent higher after L&T bought 41.49 million equity shares of L&T Finance Holdings for Rs 348 crore.
 "5-day rally halts! L&T Finance down 7% on profit-taking post L&T stake hike")
Stocks to Watch: Zee Entertainment, Ruchi Soya, Zomato, ICICI Bank, Colgate
Shares of Zee Entertainment will be in focus as Invesco has decided not to pursue an extraordinary general meeting (EGM) to add six independent directors on Zee's board.
 "Stocks to Watch: Zee Entertainment, Ruchi Soya, Zomato, ICICI Bank, Colgate")
This Warren Buffett-owned Indian stock has been a wealth destroyer
In September 2018, Buffet's investment arm - BH International Holdings - invested $300 million, or Rs 2,179 crore, for 2.6 per cent stake in PayTM, which had valued the start-up at $10 billion then.
 "This Warren Buffett-owned Indian stock has been a wealth destroyer")
Steel stocks in focus; SAIL gains 4%, Jindal Steel hits 52-week high
India's top steelmakers have increased rebar and HRC (Hot Rolled Coil) price by around Rs 1,500-Rs 2,000 a tonne due to rising raw material cost, reports suggest
 "Steel stocks in focus; SAIL gains 4%, Jindal Steel hits 52-week high")
Paytm hits new low despite clarifying that business is 'robust'
The stock hit a new low of Rs 536.20, fallen 5% from its intra-day high of Rs 562 on the BSE.
 "Paytm hits new low despite clarifying that business is 'robust'")
Ganesh Housing zooms 53% in five trading days; hits over 13-year high
Brickwork Ratings has upgraded the ratings of bank loan facilities of the company by 3 notches from BWR B- to BWR BB-
 "Ganesh Housing zooms 53% in five trading days; hits over 13-year high")
