Page 11 - Market Trends
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.
 "Jubilant FoodWorks slumps 15%, hits 52-week low as CEO Pratik Pota resigns")
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.
 "Sugar stock on a roll; Balrampur, Triveni, Dhampur, Dwarikesh hit new highs")
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.
 "BSE extends rally, zooms 52% in 10 days; stock hits record high")
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.
 "Balrampur Chini gains 4%; hits record high on strong business outlook")
Coforge dips 6% after 10% equity changes hands on BSE
At 09:15 am; around 6.18 million equity shares representing 10.14 per cent of total equity of Coforge changed hands on the BSE, the exchange data shows.
 "Coforge dips 6% after 10% equity changes hands on BSE")
This UP-based sugar stock has zoomed 41% in 8 days; trades at record high
Dwarikesh Sugar hit a new high of Rs 113.70, on rallying 9% on Wednesday. The stock has surged 25% in the last one week, as compared to a 3% decline on the S&P BSE Sensex.
 "This UP-based sugar stock has zoomed 41% in 8 days; trades at record high")
Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine
The IT services companies, who make most of their revenues servicing clients in US tend to benefit from a weaker rupee.
 "Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine")
PowerGrid Corporation surges 5%, hits record high in a volatile market
Overall, transmission bidding is likely to gather pace from FY23, which bodes well for PowerGrid Corporation, said Edelweiss in its analyst note.
 "PowerGrid Corporation surges 5%, hits record high in a volatile market")
Natco Pharma gains 9% as firm launches generic version of Revlimid in US
In the past three months, Natco Pharma has outperformed the market by gaining 8 per cent, as compared to 8 per cent decline in the S&P BSE Sensex.
 "Natco Pharma gains 9% as firm launches generic version of Revlimid in US")
Balkrishna Industries recovers 8% from day's low, up 3% in a weak market
The company announced commencement of commercial production from its brownfield expansion & debottlenecking project at the Bhuj plant.
 "Balkrishna Industries recovers 8% from day's low, up 3% in a weak market")
JK Cement slips 9% on board nod for Rs 600 cr investments in paint venture
In the past one month, the stock price of JK Cement has tanked 28 per cent on concerns of earnings downgrade due to rising energy cost.
 "JK Cement slips 9% on board nod for Rs 600 cr investments in paint venture")
Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows
Nifty Auto, Nifty Realty, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices were down in the range of 4 per cent to 5 per cent on the NSE.
Indigo Paints tanks 11%, hits new low; trades near IPO price of Rs 1,490
In the past one month, the stock underperformed the market by falling 24 per cent, after Indigo Paints reported a disappointing set of numbers for Q3FY22 mainly in margin front.
 "Indigo Paints tanks 11%, hits new low; trades near IPO price of Rs 1,490")
ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high
Sustained higher crude oil prices and gas realisations can result in better profitability for ONGC.
 "ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high")
Shakti Pumps hits 52-week low; plunges 20% in 1-month on growth concerns
The stock price of the company hit a 52-week low of Rs 473.50 and has almost halved or tanked 48 per cent from its 52-week high of Rs 910 touched on June 8, 2021.
Sell-off toll! HDFC twins, HUL, Dr.Reddy's among Nifty50 stks at 52-wk lows
Apart from the 8 stocks among the Nifty50 index, a total of 26 stocks too dropped to their respective 52-week lows among the Nifty500 index.
GNFC bucks trend, hits life-time high on gaining 3%; up 33% in one month
The stock hit a new high of Rs 604.40, and has rallied 80 per cent in the past six months, as compared to a 6.6 per cent decline on the Sensex.
 "GNFC bucks trend, hits life-time high on gaining 3%; up 33% in one month")
Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries
The steep and unprecedented inflationary trend in raw material prices continued to impact the gross margins.
 "Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries")
Mehul Kothari suggests buying Wipro, Hindustan Petroleum; Here's why
Mehul Kothari of Anand Rathi recommends accumulating Wipro as it nears 560-570-mark
 "Mehul Kothari suggests buying Wipro, Hindustan Petroleum; Here's why")
Nandish Shah recommends a Bull spread strategy on Chambal Fertilisers
The derivative analyst from HDFC Securities recommends buying CHAMBAL FERT March 400 CALL at Rs 13.50 & simultaneously selling 420 CALL at Rs 7.50.
 "Nandish Shah recommends a Bull spread strategy on Chambal Fertilisers")
