Page 6 - Buzzing Stocks
Dixon Technologies hits 52-week low, stock down 19% in six trading days
The stock has been under pressure despite the company clarifying that there is no adverse impact on the business of the company due to the ED seizure of assets of Chinese mobile manufacturing company
 "Dixon Technologies hits 52-week low, stock down 19% in six trading days")
Rainbow Children's Medicare lists at 7% discount to issue price
The stock listed at Rs 506, a 7% discount when compared with its issue price of Rs 542 per share on the BSE.
 "Rainbow Children's Medicare lists at 7% discount to issue price")
Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions
Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.
 "Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions")
Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS
According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630.
 "Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS")
Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree
Stocks to Watch Today: LIC IPO closes for subscription today; Campus Activewear to make its debut on the bourses on Monday.
 "Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree")
L&T Infotech, Mindtree slide up to 5% after merger announcement
Shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former.
 "L&T Infotech, Mindtree slide up to 5% after merger announcement")
What's the future of Future Group stocks? Here's what technical charts say
Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.
 "What's the future of Future Group stocks? Here's what technical charts say")
IndoStar Capital freezes at 10% lower circuit on accounting discrepancies
The company may have to make an additional expected credit loss provisions between Rs 557 crore - Rs 677 crore due to the "certain observations and control deficiencies" made by an external auditor.
 "IndoStar Capital freezes at 10% lower circuit on accounting discrepancies")
Tata Power dips 9% on heavy volumes post March quarter results
The company received approval for merger of Coastal Gujarat Power Limited (CGPL) into Tata Power and signed binding agreement for investment in India's most comprehensive renewable energy platform.
 "Tata Power dips 9% on heavy volumes post March quarter results")
Avenue Supermarts hits over 8-month low; slips 12% in two days
In the past six months, the stock has underperformed the market by falling 26 per cent as compared to a 10 per cent decline in the S&P BSE Sensex.
 "Avenue Supermarts hits over 8-month low; slips 12% in two days")
ABB extends rally in a weak market on strong Q1; stock up 17% in 3 days
Analysts believe that increased traction in exports and services coupled with strong execution drove ABB's strong performance across segments.
 "ABB extends rally in a weak market on strong Q1; stock up 17% in 3 days")
Decent debut for Campus Activewear; lists 22% higher against issue price
The stock opened at Rs 355, 22 per cent higher against issue price of Rs 292 on the BSE.
 "Decent debut for Campus Activewear; lists 22% higher against issue price")
Reliance Industries falls 3% post March quarter results; slips 9% in 6 days
RIL reported a consolidated net profit of Rs 16,203 crore for Q4FY22, up 22.5 per cent over the year-ago period's Rs 13,227 crore but slightly short of expectations.
 "Reliance Industries falls 3% post March quarter results; slips 9% in 6 days")
Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows
Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.
 "Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows")
Angel One extends fall despite strong April update; stk drops 32% in 4 days
On April 29, 2022, the promoter, Rahul Thakkar sold 41,200 equity shares of Angel One via open market sale.
 "Angel One extends fall despite strong April update; stk drops 32% in 4 days")
Voltas tanks 10% on disappointing March quarter results
The EBITDA margin declined by 268 bps YoY to 9.8 per cent on account of higher raw material cost and delay in price hikes.
 "Voltas tanks 10% on disappointing March quarter results")
ITC outperforms benchmark on strong earnings hope; stock up 2%
ITC will announce its Q4 results and declare final dividend on May 18, 2022.
 "ITC outperforms benchmark on strong earnings hope; stock up 2%")
Nifty IT dips 3%; Coforge, LTI fall up to 9%; here's what's worrying Street
According to analysts, IT companies have lost their sheen after March quarter results highlighted slowdown in deal momentum, and margin pressure
 "Nifty IT dips 3%; Coforge, LTI fall up to 9%; here's what's worrying Street")
Wipro hits 52-week low; stock down 18% in 1 month on tepid Q1FY23 guidance
The company has given a tepid guidance of 1-3% QoQ CC terms growth in Q1FY23, which translates into revenues of $2,748 million to $280 million
 "Wipro hits 52-week low; stock down 18% in 1 month on tepid Q1FY23 guidance")
Stocks to Watch: RIL, TVS Motor, CEAT, Adani Power, Wipro, Canara Bank
Shares of Reliance Industries, Canara Bank, Sundaram-Clayton, Tata Power Company, CSB Bank, Federal Bank will be in focus ahead of their Q4 results.
 "Stocks to Watch: RIL, TVS Motor, CEAT, Adani Power, Wipro, Canara Bank")
