Page 23 - Market Trends
Devyani surges 29% in 3-days, stock up 111% from issue price in 4 months
On Wednesday, December 8, 2021, the brokerage firm Motilal Oswal Financial Services initiated coverage on Devyani with a Buy rating and target price of Rs 190.
 "Devyani surges 29% in 3-days, stock up 111% from issue price in 4 months")
Stocks to Watch: RIL, M&M, Neogen, JBM Auto, Kopran, UBL, Voda Idea
The markets may consolidate after two days of strong gains for the benchmark indices
 "Stocks to Watch: RIL, M&M, Neogen, JBM Auto, Kopran, UBL, Voda Idea")
This Reliance Group stock has surged 62% in 2 weeks, hit over a 11-yr high
Reliance Industrial Infrastructure rallied 19% to Rs 993.50 on the BSE,trading at its highest level since July 2010.
 "This Reliance Group stock has surged 62% in 2 weeks, hit over a 11-yr high")
Devyani International surges 13% on heavy volumes, stock at all-time high
Motilal Oswal Institutional Equities has initiated coverage on Devyani with a Buy rating and target price of Rs 190, driven by KFC's strong brand equity and operating metrics
 "Devyani International surges 13% on heavy volumes, stock at all-time high")
Nykaa mcap falls below Rs 1-trn mark; stock down 5%, sheds 18% in a week
The lock-in period for anchor investors gets over on Wednesday, December 8
 "Nykaa mcap falls below Rs 1-trn mark; stock down 5%, sheds 18% in a week")
Outlook for Nifty to remain bearish below 17,490, says Subash Gangadharan
The technical & derivative analyst from HDFC Securities recommends buying SAIL and and Hindalco
 "Outlook for Nifty to remain bearish below 17,490, says Subash Gangadharan")
CarTrade Tech hits new all-time low, stock down 46% from its issue price
Since October 29, 2021, the market price of CarTrade Tech slipped 24 per cent after the company reported a net loss for the second straight quarter of current fiscal.
 "CarTrade Tech hits new all-time low, stock down 46% from its issue price")
Sensex has support at 57,000, Nifty at 16,600. Stay on sidelines for now
Markets are likely to remain volatile over the next few sessions. Traders and investors should stay on the sidelines till there is clarity on the impact of Omicron variant and US Fed policy
 "Sensex has support at 57,000, Nifty at 16,600. Stay on sidelines for now")
IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week
IFCI's ratings outlook will change to stable if the company's strategic importance to the GoI increases significantly along with the infusion of sizeable capital, ICRA said in its report
 "IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week")
Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days
With the current rally, the market value of VIL has zoomed 235 per cent from its 52-week low of Rs 4.55 touched on August 5, 2021
 "Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days")
JBM Auto at new high ahead of board meet for stock split, up 87% in 1 month
The board of directors of the company is scheduled to meet on Wednesday, December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each
Eris Lifesciences soars 10% on JV with MJ Biopharm to enter insulin segment
The purpose of entering into the agreement is expansion of product portfolio to offer biotherapeutic options to the patients in cardio-metabolic segment, Eris said in statement
 "Eris Lifesciences soars 10% on JV with MJ Biopharm to enter insulin segment")
Stocks to Watch: Hero MotoCorp, Aurobindo, Neogen, SPARC, telecom shares
Telecom shares may be in demand on credit of bank guarantee to the telcos
 "Stocks to Watch: Hero MotoCorp, Aurobindo, Neogen, SPARC, telecom shares")
Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week
According to report, the Department of Telecommunications (DoT) has started releasing bank guarantees (BGs) issued by Bharti Airtel and Vodafone Idea.
 "Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week")
This telecom stock has hit the upper circuit for 14th straight trading day
The Tata Group telecom services stock hit a new high of Rs 129.45, has been nearly doubled or up 97 per cent from level of Rs 65.70 on November 12, 2021
 "This telecom stock has hit the upper circuit for 14th straight trading day")
This specialty chemicals maker has gained 150% in 6 months, up 10% today
GFL has forayed into new age business - chemicals & fluoropolymers for electric vehicles (EVs) - batteries, solar panels & hydrogen fuel cells
 "This specialty chemicals maker has gained 150% in 6 months, up 10% today")
Indian Energy Exchange turns ex-bonus in 2:1 ratio, stock surges 10%
The company has fixed Monday, December 06, 2021 as the "record date", for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the Company.
 "Indian Energy Exchange turns ex-bonus in 2:1 ratio, stock surges 10%")
Turning ex-bonus: Apollo Pipes zooms 17%
The stock of Apollo Pipes hit a record high of Rs 680.05 (adjusted to bonus share) and rallied 17 per cent in intra-day trades today.
 "Turning ex-bonus: Apollo Pipes zooms 17%")
This PSU stock has zoomed 111% thus far in 2021, up 31% in the last 6 days
Brickwork Ratings said it will continue to monitor the strategic disinvestment process of BEML and take appropriate rating action as and when necessary
 "This PSU stock has zoomed 111% thus far in 2021, up 31% in the last 6 days")
Vodafone Idea surges 21% in two days, stock nears 52-week high
In the past two weeks, the stock has surged 34 per cent after the telecom service provider increased its prepaid tariff by 20-25 per cent from November 25, 2021
 "Vodafone Idea surges 21% in two days, stock nears 52-week high")
