Page 24 - Buzzing Stocks
Policybazaar falls 8%, hits new low; stock tanks 52% in three months
In the past two weeks, PB Fintech has slipped 28% after Yashish Dahiya, executive director and CEO, and Alok Bansal, whole time director and CFO, sold 6.09 million shares of the company
 "Policybazaar falls 8%, hits new low; stock tanks 52% in three months")
Indus Tower slips 14% after 3% equity changes hands on NSE and BSE
A combined 74.4 million equity shares had changed hands on the bourses till 9:52 AM. According to reports, British telecom giant Vodafone was in discussions to sell around 5% stake in Indus Towers
 "Indus Tower slips 14% after 3% equity changes hands on NSE and BSE")
Dr Reddy's falls 3%, hits 52-week low; stock slips 10% in one month
The stock of the pharmaceutical company, which has a significant presence in the Russian market, has fallen below its previous low of Rs 4,135.90 touched on March 19, 2021
 "Dr Reddy's falls 3%, hits 52-week low; stock slips 10% in one month")
Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance
Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.
 "Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance")
Kansai Nerolac hits 52-week low, falls 17% in February on weak Q3 results
The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.
 "Kansai Nerolac hits 52-week low, falls 17% in February on weak Q3 results")
Dhani Services hits 10% lower circuit on FPI selling; down 42% in 3 days
On Tuesday, Baillie Gifford Pacific Fund A Sub Fund Of Baillie Gifford Overseas Growth Funds ICVC has sold 9.43 million shares or 1.55% stake in Dhani Services at price of Rs 85.07 on the NSE
 "Dhani Services hits 10% lower circuit on FPI selling; down 42% in 3 days")
Mrs Bectors Food hits all-time low; falls 16% in 1 month on weak Q3 results
Going forward, with introduction of new products, expansion of distribution network and capacity enhancement, the management foresees strong growth in overall revenues
 "Mrs Bectors Food hits all-time low; falls 16% in 1 month on weak Q3 results")
Mahindra CIE falls 3% on muted December quarter results
The company said the general cost inflation affecting the business - especially raw materials, energy and logistic costs.
 "Mahindra CIE falls 3% on muted December quarter results")
Butterfly Gandhimathi hits record high on open offer by Crompton Greaves
Shares of Crompton Greaves Consumer Electricals also rallied 5 per cent to Rs 396.35 on the BSE in intra-day trade
 "Butterfly Gandhimathi hits record high on open offer by Crompton Greaves")
Adani Wilmar freezes at 10% upper circuit after 25% fall from record high
The stock of the Adani Group edible oil major had closed at Rs 314.40 on Tuesday, correcting 25 per cent from its record high level of Rs 419.90 on February 11, 2022.
 "Adani Wilmar freezes at 10% upper circuit after 25% fall from record high")
Stocks to Watch: Mahindra CIE, Dilip Buildcon, SIS, Butterfly Gandhimathi
Stocks like Sun Pharma, Dr.Reddy's and others having exposure to Europe are likel to be in focus as the Russia-Ukraine crisis deepens.
 "Stocks to Watch: Mahindra CIE, Dilip Buildcon, SIS, Butterfly Gandhimathi")
DCB Bank slips 5%; stock hits 21-month low on asset quality concerns
The weakening in the asset quality was partly due to the bank's customer profile, mainly comprising small-ticket borrowers in the self-employed segment, that was more severely impacted by the pandemic
 "DCB Bank slips 5%; stock hits 21-month low on asset quality concerns")
Dhani Services freezes at 20% lower circuit for second day on heavy volumes
With the past two days decline, the stock has plunged 78 per cent from its 52-week high level of Rs 380 on March 2, 2021.
 "Dhani Services freezes at 20% lower circuit for second day on heavy volumes")
Jagsonpal Pharma rallies 19% on open offer by Infinity Holdings Group
Infinity Holdings Group made an open offer to buy 26 per cent stake in the company at a price of Rs 235 per share
 "Jagsonpal Pharma rallies 19% on open offer by Infinity Holdings Group")
Indiabulls Real Estate zooms 12% after clarification on ED investigation
The company clarified that Enforcement Directorate (ED) investigation did not pertain to the company and has no bearing on the business and operations of the company.
 "Indiabulls Real Estate zooms 12% after clarification on ED investigation")
BPCL hits 52-week low on likely delay in divestment, soaring oil prices
Even if OMCs are not made to share any under-recovery, the continued pricing intervention would make it utterly difficult to divest government's stake in BPCL, Motilal Oswal said in its report
 "BPCL hits 52-week low on likely delay in divestment, soaring oil prices")
Nykaa plunges 36% in 11 days post Q3 results; stock nears issue price
The stock hit a new low of Rs 1,218.80, down 8 per cent in the intra-day trade
 "Nykaa plunges 36% in 11 days post Q3 results; stock nears issue price")
Stocks to Watch: Airtel, Indiabulls Housing, Panacea Biotec, Tata Power
Panacea Biotec may see some action on plans to launch a comprehensive coronavirus vaccine in association with THSTI.
Hotel stocks gain on hopes of demand rebound; Chalet Hotels surges 20%
Analysts anticipate a faster recovery in the demand environment and are hopeful that consumption will reach normalised pre-Covid levels in H1FY23
 "Hotel stocks gain on hopes of demand rebound; Chalet Hotels surges 20%")
Vedant Fashions falls 12% in three days post listing; nears issue price
The stock has fallen 12 per cent from its listing day high of Rs 993 on February 16, 2022. Currently, it is trading just 1 per cent higher over its issue price of Rs 866 per share.
 "Vedant Fashions falls 12% in three days post listing; nears issue price")
