Page 57 - Buzzing Stocks
Stocks to Watch: Asian Paints, Biocon, IDBI, JSW Steel, Lodha, TVS Motors
State-run PSU banks and telecom stocks are likely to be in focus along with a slew of mid- and small-cap companies that shall announce their September earnings today
 "Stocks to Watch: Asian Paints, Biocon, IDBI, JSW Steel, Lodha, TVS Motors")
IRCTC plummets 32% from record high after rallying nearly 300% in 6 months
After touching Rs 1 trillion intraday on Tuesday, the firm's m-cap ended around Rs 71,000 crore on Wednesday
 "IRCTC plummets 32% from record high after rallying nearly 300% in 6 months")
FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9% in 2 days
The S&P BSE FMCG index, which fell 1.62 per cent in intra-day trade today, has slipped 4.5 per cent in the past two trading days
 "FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9% in 2 days")
Stock of this recently listed defence company has zoomed 101% in 12 days
In the past three trading days, the stock of Paras Defence has surged 58 per cent after the scrip was shifted under B Group from T2T segment with effect from October 18, 2021.
 "Stock of this recently listed defence company has zoomed 101% in 12 days")
PSU banks trade firm in a volatile market; SBI scales fresh record high
In Q2, Motilal Oswal Financial Services estimates PSBs to report improved operating performance, supported by modest business growth and a gradual reduction in provisions.
 "PSU banks trade firm in a volatile market; SBI scales fresh record high")
Bata India at record high, up 4% on institutional buying, revival hopes
Domestic investors have hiked stake in the company by 243 basis points (bps) to 17.88 per cent, while foreign shareholding increased marginally to 5.35 per cent at the end of June 2021 quarter
 "Bata India at record high, up 4% on institutional buying, revival hopes")
Mastek tanks 15% on muted September quarter results
In Q2, the company's net profit remained flat at Rs 81.5 crore as against Rs 80.2 crore in June quarter of FY22
 "Mastek tanks 15% on muted September quarter results")
Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm
Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today
 "Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm")
TTK Prestige zooms 20%, hits record high as board to consider stock split
A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity
 "TTK Prestige zooms 20%, hits record high as board to consider stock split")
IRCTC m-cap surpasses Rs 1-trillion; stock zooms 293% in 6 months
At 09:32 am, IRCTC was trading 6.9 per cent higher at Rs 6,283.50, with a market-cap of Rs 100,612 crore
 "IRCTC m-cap surpasses Rs 1-trillion; stock zooms 293% in 6 months")
L&T Group shares in demand; L&T hits record high, LTI soars 16%
L&T, on Monday, emerged as the lowest bidder for the construction and maintenance of the first three buildings of the Common Central Secretariat under the Central Vista redevelopment project
 "L&T Group shares in demand; L&T hits record high, LTI soars 16%")
L&T Infotech surges 10%, nears record high on robust Q2 results
The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter
 "L&T Infotech surges 10%, nears record high on robust Q2 results")
Indian Energy Exchange soars 20%, hits new high on bonus issue buzz
The board of directors of the company at their meeting scheduled on October 21, 2021, would consider the proposal for declaration of bonus issue of equity shares
Stocks to Watch: HUL, ACC, Airtel, L&T Infotech, SBI, RIL, Adani Ports, IEX
L&T Infotech and UltraTech Cement are likely to react to Q2 numbers this morning, while focus shall also be on Hindustan Unilever, ACC and other stocks ahead of September quarter results
 "Stocks to Watch: HUL, ACC, Airtel, L&T Infotech, SBI, RIL, Adani Ports, IEX")
Balrampur Chini, Triveni, EID Parry at record high; stocks soar up to 20%
According to ICRA, sugar companies are expected to strengthen in FY2022 with expansion in operating profits in addition to sugar inventory reduction and hence curtailment of working capital debt.
 "Balrampur Chini, Triveni, EID Parry at record high; stocks soar up to 20%")
Paras Defence shares zoom 20% on transfer from T group to rolling segment
The board has also approved incorporation of an Associate Company in association with Krasny Defence, who is prominent player in the field of defence equipment maintenance and wholesome refits of ICGS
 "Paras Defence shares zoom 20% on transfer from T group to rolling segment")
HCL Tech slips 2% on profit booking post September quarter results
With today's decline, the stock has now corrected 11 per cent from its record high level of Rs 1,377 touched on September 24, 2021
 "HCL Tech slips 2% on profit booking post September quarter results")
Shares of this defunct Tata Steel arm have gained 100% in 7 trading days
Tayo Rolls hit an over 10-year high of Rs 118.30, up 10 per cent on the BSE on Monday, on the back of heavy volumes
PNB Housing hits 5% lower circuit on calling-off Rs 4,000 cr Carlyle deal
The board of PNB Housing Finance has decided not to proceed with a preferential issue of shares to investors led by Carlyle after the plan was delayed due to pending legal proceedings.
 "PNB Housing hits 5% lower circuit on calling-off Rs 4,000 cr Carlyle deal")
Metal index hits record high; Hindustan Zinc, Vedanta, Nalco gain up to 18%
The Nifty Metal index surpassed its previous high of 6,079.55 on October 14, 2021.
 "Metal index hits record high; Hindustan Zinc, Vedanta, Nalco gain up to 18%")
