Page 10 - Market Trends
ITC inches towards 52-week high; stock surges 17% in one month
In comparison, the S&P BSE Sensex and the S&P BSE FMCG index were up 1.6 per cent and 0.6 per cent, respectively, in the past one month
 "ITC inches towards 52-week high; stock surges 17% in one month")
Vinay Rajani of HDFC Securities recommends buying GSFC, Gujarat Alkalies
The technical analyst also expects the Nifty to rally to 17,484 to 17,794; the support is now raised up to 17,100 level.
 "Vinay Rajani of HDFC Securities recommends buying GSFC, Gujarat Alkalies")
Paytm slips 32% in one month, hits new low; tanks 74% from issue price
Off late, the stock has been under pressure following RBI's ban on Paytm Payments Bank (PPBL) from onboarding new customers.
 "Paytm slips 32% in one month, hits new low; tanks 74% from issue price")
Here's why Mehul Kothari is bullish on Cummins India, Delta Corp
According to the technical analyst from Anand Rathi, Cummins India has confirmed a multiyear breakout above the Rs 1,050-level.
 "Here's why Mehul Kothari is bullish on Cummins India, Delta Corp")
Nifty Pharma may have bottomed out; Aurobindo, Glenmark can rally up to 10%
The Nifty Pharma index has crossed its near-term resistance at 13,700, and may spurt another 1.5 per cent.
 "Nifty Pharma may have bottomed out; Aurobindo, Glenmark can rally up to 10%")
Future Group shares hit record lows; Future Retail tanks 16% in two days
Future Group companies will convene meeting with their respective shareholders and creditors on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail
 "Future Group shares hit record lows; Future Retail tanks 16% in two days")
Here's why Mehul Kothari recommends buying Hindustan Unilever
According to the technical analyst from Anand Rathi, it is a good time to buy HUL as the stock recently retested its 200-WMA after a gap of 10 - 12 years.
 "Here's why Mehul Kothari recommends buying Hindustan Unilever")
Stocks to Watch: RIL, Adani Group, Ruchi Soya, Maruti, SBI, JSPL, FMCG
Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.
 "Stocks to Watch: RIL, Adani Group, Ruchi Soya, Maruti, SBI, JSPL, FMCG")
Future Group stocks hit 52-week lows as FRL clarifies on RIL takeover
Future Retail on Wednesday said that it was committed to taking all actions necessary to seek value adjustments and reversal of takeover of stores by the Reliance group.
 "Future Group stocks hit 52-week lows as FRL clarifies on RIL takeover")
Bharat Dynamics hits new high; stock surges 34% in 8 straight sessions
The counter witnessed three-fold jump in volume with a combined 2.3 million equity shares changing hands on the NSE and BSE.
 "Bharat Dynamics hits new high; stock surges 34% in 8 straight sessions")
Trent surges 8%, hits record high on hopes of strong earnings
The stock has gained 19 per cent in the last one month after the company reported a strong set of numbers for the December quarter and the management showed optimism over the future growth.
 "Trent surges 8%, hits record high on hopes of strong earnings")
Voltas gains 4%; nears record high on JV with Hong Kong firm
Highly International and Voltas will hold 60% and 40% stake in the joint venture company, respectively, and the JVC would have equity capital of Rs 250 crore to be contributed in tranches.
 "Voltas gains 4%; nears record high on JV with Hong Kong firm")
Zomato hits new life-time low on reports of merger talks with Blinkit
The board of Zomato also approved acquisition of 16.66 per cent equity in Mukunda Foods for a consideration of $5 million.
 "Zomato hits new life-time low on reports of merger talks with Blinkit")
Eureka Forbes locked at the 5% lower circuit on BSE listing
The exchange said, the stock will be in trade-for-trade (T2T) segment for the first 10 trading days.
 "Eureka Forbes locked at the 5% lower circuit on BSE listing")
Here's why Vinay Rajani of HDFC Securities is bullish on GSFC, Sun Pharma
The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.
Stocks to Watch: Zomato, Eicher Motors, IndiGo, HDFC Bank, Dhani Services
Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.
Ruchi Soya zooms 42% in two days on Rs 4,300 cr follow-on public offer plan
The company remains confident of the medium to long-term growth prospects in edible oils, processed food, palm plantations and other businesses of the company.
 "Ruchi Soya zooms 42% in two days on Rs 4,300 cr follow-on public offer plan")
JK Paper rallies 29% in 1 week, hits new high on improved biz outlook
The re-opening of offices, educational institutions, and courts will lead to normalisation of paper demand.
 "JK Paper rallies 29% in 1 week, hits new high on improved biz outlook")
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.
 "Paytm sheds 20% in 2 days; drops out of the BSE top-100 market cap league")
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.
 "Paytm tanks 14% hits new low post RBI curbs on Payments Bank")
