Page 15 - Market Trends

ITC gains 2% on better than expected December quarter results

ICICI Securities believes stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term.

Godrej Properties slumps 10% as board approves investment in DB Realty

In the last two trading sessions, the stock has tanked 16 per cent. The company reported a subdued December quarter as its pre-sales volumes declined 7 per cent YoY and 39 per cent on a QoQ basis.

Stocks to Watch: RIL, ITC, TCS, Titan, Cadila, Emami, Lupin, EIH, Tyre

BoI, Devyani Intl, Eveready, FSL, Mahindra Life, Paytm, REC, Siemens, Sintex, SPARC, Tata Steel, Thermax and Vijaya Diagnostics are some of the prominent companies to announce results today.

Manyavar owner Vedant Fashion IPO: Brokerages have mixed ratings

Vedant Fashion's IPO will be open for subscription from February 04 to February 08, in the price band of Rs 824 to Rs 866 per share.

Share price of this sugar company has jumped four-fold in one year

Shares of Triveni Engineering hit a new high of Rs 285.30, on rallying 9 per cent in intra-day trade. The stock zoomed 313 per cent from its 52-week low of Rs 69 touched on February 16, 2021.

Auto shares on fast-track; TVS Motor, Hero MotoCorp rally up to 5%

At 10:42 am; Nifty Auto index, the top gainer among sectoral indices, was up 1.6 per cent, as compared to 0.39 per cent decline in the Nifty50 index.

Bharat Dynamics zooms 10% on inking Rs 3,132 cr contract with Indian Army

With this contract, the company's order book position stands at Rs 11,400 crore (net), BDL said in an exchange filing.

Too conservative or well balanced? How brokerages interpret Budget 2022

These brokerages houses are bullish on banks and capital goods.

ITC extends rally, up 9% in a week; company to announce results on Thursday

The stable taxation on cigarettes can aid volume growth for cigarette companies, which have been one of most unsettled industry from Covid related disruptions.

Tech Mahindra dips 4% on margin disappointment in December earnings

In the past one month, the stock has underperformed the market by falling 19 per cent as against a 1.7 per cent rise in the S&P BSE Sensex.

Anupam Rasayan at all-time high, up 10% on acquiring 24.96% stake in Tanfac

The stock price has almost doubled from its issue price of Rs 555 per share, in less than a year.

Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE

Improvement in the industry dynamics post telecom reforms announced by the government, which addressed the liquidity woes of the sector, led to the upgrade said Care Ratings.

TTML hits 5% upper limit on withdrawing equity conversion plan on AGR dues

The stock of Tata Group telecom services provider tanked 51% after the company on January 10, 2022 announced its decision to convert interest related to AGR dues of Rs 850 crore into equity.

Stocks to Watch: Tech Mahindra, Adani Ports, Hero Moto, Voda Idea, TTML

Adani Green, Apollo Tyres, Adani Total Gas, Balrampur Chini, Dabur, eClerx, HDFC, IOB, Jubilant Foodworks, M&M Financial, Tata Consumer and Zee to announce results today.

Buy ICICI Bank, PNB, recommends Vinay Rajani of HDFC Securities

The technical analyst expects the NSE Nifty to face resistance around 17,773, while suggests to hold longs on the Nifty with a stop at 17,200.

The budget focuses on the next few years and not the elections

The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.

Post Budget cheer: ITC jumps to 7-week high, gains 3.5% on heavy volumes

The stock had corrected 20 per cent from its 52-week high of Rs 265.30 touched on October 10, 2021, amid fears of higher taxes.

The budget focuses on the next few years and not the elections

The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.

Capex proposals can be inflationary; equity, bond markets may not like it

The best part of the budget proposals has been the continuity in managing the fiscal situation and focus on capex spending without any negative surprises, says Andrew Holland.

Budget impact: Nifty Metal index soars 4%; Tata Steel, SAIL rally up to 8%

This government has allocated Rs 7.5 trillion towards capital expenditure, up 35.4 per cent higher compared to the previous year's figure of Rs 5.5 trillion.