Page 19 - Market Trends

TTML hits 5% lower circuit as telco opts for equity conversion on govt dues

The average price of the company's shares as per the calculation method provided in the DoT Communication works out to be around Rs 41.50 per share, subject to final confirmation by the DoT.

TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts

The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.

Hinduja Global Solutions to consider share buyback, stock gains 5%

After having announced a 1:1 bonus issue, the company's board will now meet on January 14 to consider and explore potential mergers & acquisition opportunities, and quantum/ timings for share buyback.

JBM Auto freezes at upper limit, hits new high; stock up 123% in two months

The company has aquired 51% stake in JBM Green Energy Systems and JBM EV Industries through its subsidiary JBM Electric Vehicles.

Shares of this agricultural products company has zoomed 213% in two months

GRM Overseas was locked at the 5 per cent upper circuit at Rs 815.55, also its new high in trades on Monday.

Greaves Cotton soars 11%, hits all-time high; stock up 40% so far in Jan

The stock has been in demand after the company's arm Greaves Electric Mobility reported strong sales for December 2021

Vaishali Parekh of Prabhudas recommends buying Concor, Jubilant Food

Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher

TTML breaks into top-100 most valued firms list, m-cap crosses Rs 50k-mark

The stock hit a new high of Rs 264, and was locked at the 5 per cent upper limit. It has zoomed whopping 14,567 per cent from levels of Rs 1.80 in March 2020.

Nitin Spinners gains 4%, hits record high on hopes of strong earnings

Currently, the stock is traded under the T Group, which represents securities that are settled on a trade-to-trade basis as a surveillance measure.

Hinduja Global tanks 20% as 1:1 bonus issue fails to cheer investors

The company's board also declared its third interim dividend of Rs 150 per share (1500 per cent) for FY22, and fixed January 18, 2022 as the "Record Date" for the payment of the same

Three reasons why Sensex plunged over 600 points on Thursday

Indian markets mirrored global sell-off after the US Federal Reserve's minutes indicate sooner and faster-than-expected rate hikes

IT index slips 4% in 2 days on profit booking following a strong 10% rally

The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.

Rama Steel hits 5% upper limit, stock up 89% in 13 days on improved outlook

On December 20, Brickwork Ratings [BWR) had upgraded the long-term rating to BWR BBB with a Stable outlook and short-term rating to BWR A3+ for the bank loan facilities of RSTL

Talbros Automotive soars 27% in 2 days as Vijay Kedia increases stake

Vijay Kedia acquired 2.27 per cent stake, while Sanjay Dugar bought 1.09 per cent stake in Talbros Automotive in the December quarter

AU Small Finance Bank rallies 8% on post Q3 business update

The private sector lender reported a sequential growth of 10.6 per cent and 26.5 per cent YoY in total assets under management to Rs 42,027 crore in December quarter

Thermax surges 7% on winning Rs 546 crore order to set-up two FGD systems

The company has sealed an order of Rs 545.6 crore from an Indian power public sector company to set up FGD systems for their two units of 500 MW capacity each in the state of Uttar Pradesh.

Share pice of this footwear company has more-than-doubled in just 2 months

Mirza Internataional hit a 4-year high on soaring 20 per cent in intra-day trades on the BSE after the company said one of its promoters bought 100,000 equity shares via open market recently.

Hinduja Global Solutions surges 19%, hits record high on bonus issue plan

The company announced that its board will meet on Thursday, January 06, 2022 to consider proposals for bonus issue of equity shares and interim dividend

Share price of this defence company has zoomed 65% in 8 trading sessions

Shares of Apollo Micro Systems rallied 15 per cent on the BSE in Monday's intra-day trade amid back of heavy volumes to hit a fresh 52-week high of Rs 189.40

Eicher Motors rallies 5% on strong Royal Enfield sales numbers for December

Royal Enfield brand reported 43 per cent rise in month-on-month sales of 73,739 units in the month of December 2021.