Page 20 - Buzzing Stocks

Paytm sheds 20% in 2 days; drops out of the BSE top-100 market cap league

With Tuesday's intra-day fall of 9 per cent, Paytm's market capitalisation dropped to Rs 40,863 crore, down at the 112th position on the BSE.

Cipla hits fresh all-time high in a volatile market; rallies 12% in 1 week

Going forward, significant momentum in Cipla will likely continue due to US gains on the back of peptide portfolio unlocking and possible approvals and launches of gRevlimid, gAdvair and gAbraxane

Stocks to Watch: Wipro, Paytm, Indian Oil, Rites, RIL, Persistent Systems

Shares of Indian Oil Corp will be on radar as the company has bought 3 million barrels of Russian Urals from trader Vitol for May delivery.

Sugar stocks extend rally; Triveni, Dhampur, Uttam Sugar zoom up to 18%

Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months.

GHCL hits new high amid heavy volumes; stock surges 28% in one week

GHCL had received 'No adverse observation/ No objection' letters from the BSE and the National Stock Exchange of India for a proposed scheme of arrangement on March 3

HDFC Bank gains 3% as RBI lifts restrictions on new digital initiatives

This moves comes as a positive for HDFC Bank as this will paddle growth opportunities, said brokerage ICICI Securities.

Ruchi Soya freezes at 20% upper circuit as board okays Rs 4,300-crore FPO

The edible oil firm announced that it will launch its follow-on public offer on March 24

Paytm tanks 14% hits new low post RBI curbs on Payments Bank

Paytm has clarified stating the RBI ban does not impact on the services provided in partnership with other financial institutions.

Jubilant FoodWorks slumps 15%, hits 52-week low as CEO Pratik Pota resigns

In the past three months, the stock has underperformed the market falling 35 per cent as against a 4.4 per cent decline on the S&P BSE Sensex.

Sugar stock on a roll; Balrampur, Triveni, Dhampur, Dwarikesh hit new highs

Sugar stocks rallied up to 11 per cent on the BSE in Friday's intra-day trade on strong outlook and foreign institutional investors (FIIs) interest.

Paper stocks rally; JK Paper, TN Newsprint, West Coast surge up to 14%

Paper stocks rallied on expectation that reopening of offices, educational institutions and courts will lead to regularization of demand

Laurus Labs surges 6% to hit over 4-month high

Analysts remain optimistic on the company's outlook for FY23 & FY24 with new capacity addition for commercial usage for FDF and API segments, ARV business and robust growth expected in CS business.

Cipla gains 3%, hits record high; trades higher for 5th straight day

Analysts at ICICI Securities have maintained a 'buy' rating on the stock with target price of Rs 1,100 on the stock

Sarda Energy surges 6%, hits all-time high on healthy earnings outlook

For the October-December quarter (Q3FY22), Sarda Energy reported 46 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 169 crore

BSE extends rally, zooms 52% in 10 days; stock hits record high

BSE has fixed March 22, 2022, as the record date for the purpose of determining the names of shareholders who shall be entitled for allotment of bonus equity shares in the ratio of 2:1.

Stocks to Watch: Lupin, Jindal Steel, Wipro, Future Group, Tata Steel Long

Lupin may be in focus as it has launched its first Reference Laboratory in East India in Kolkata.

Entertainment Network soars 14%, nears 52-week high on improved earnings

Thus far in March, the stock has outperformed the market by surging 21% after CRISIL Ratings reaffirmed its ratings on the bank facilities

Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%

At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.

Analysts see up to 96% upside in HAL stock despite Russia overhang

The dependence on Russian spares can potentially impact Rs 4,000-4,200 crore worth of RoH revenues for Hindustan Aeronautics (HAL)

Balrampur Chini gains 4%; hits record high on strong business outlook

Wiith a favourable mix of ethanol towards B-heavy/ juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve.