Page 24 - Market Trends
PowerGrid hits record high, gains 4%; stock has rallied 18% in last 3 weeks
PowerGrid has a robust project pipeline worth Rs 27,500 crore and has capitalised around Rs 22,932 crore in the last four quarters, which provides earnings visibility for 2-3 years
 "PowerGrid hits record high, gains 4%; stock has rallied 18% in last 3 weeks")
Go Fashion gains another 4% after stellar debut as FPIs purchase stake
On November 30, 2021, Nomura India Investment Fund Mother Fund and Nomura Funds Ireland have collectively purchased 1 million shares of Go Fashion at price of Rs 1,277.97 per share
 "Go Fashion gains another 4% after stellar debut as FPIs purchase stake")
IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE
According to a report, Hindujas are considering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks
 "IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE")
KEI Industries at record high, up 6%, stock has surged 25% in one month
House wires and stainless steel wires saw strong demand, which should continue in October-March period (H2FY22) as well, analysts
 "KEI Industries at record high, up 6%, stock has surged 25% in one month")
IOL Chemicals hits fresh 52-week low, stock down 50% from life-time high
For H1FY22, the company's profit after tax declined 62 per cent year on year to Rs 97.80, due to higher operational cost.
 "IOL Chemicals hits fresh 52-week low, stock down 50% from life-time high")
This stock has tumbled 14% on being transferred to rolling settlement
The stock of pharmaceutical company was quoting lower for fourth straight day, falling 26 per cent during the period on profit booking.
 "This stock has tumbled 14% on being transferred to rolling settlement")
Go Fashion makes stellar debut, stock lists at 91% premium to issue price
Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE
 "Go Fashion makes stellar debut, stock lists at 91% premium to issue price")
Tarsons Products makes a decent debut, lists at 6% premium to issue price
Post listing, the stock rallied by up to Rs 808, a 22 per cent premium to issue price of Rs 662 on the BSE
 "Tarsons Products makes a decent debut, lists at 6% premium to issue price")
Nandish Shah recommends a Bull spread on Chambal Fert for December
The derivative analyst from HDFC Securities recommends buying December 400 Call and selling 430 Call based on the following four rationales.
 "Nandish Shah recommends a Bull spread on Chambal Fert for December")
Latent View dream run continues, zooms 43% in two days after bumper debut
With past two day's over 40% rally, the stock zoomed 257 per cent from its issue price of Rs 197 per share.
 "Latent View dream run continues, zooms 43% in two days after bumper debut")
GSK Pharma surges 11%, hits 52-week high on improved outlook
The management expects this positive momentum to continue through the second half of the year driving the company towards the better end of a meaningful performance improvement.
 "GSK Pharma surges 11%, hits 52-week high on improved outlook")
RIL gains 3% on plans to hive-off gasification assets into separate unit
RIL said the Scheme will also enable the company to evaluate unlocking the value of syngas, with a collaborative and asset-light approach involving induction of investor(s) in the gasifier subsidiary
 "RIL gains 3% on plans to hive-off gasification assets into separate unit")
IndusInd Bank falls to a 6-month low, down 20% in 3 weeks
The stock was trading lower for the fifth straight day, down nearly 2% at Rs 956.10, quoting at its lowest level since May 17, 2021.
Siemens dips 8% on profit booking after Q4 margin disappointment
Q4FY21 Ebitda margin declined 250 bps to 10.4 per cent as against 12.9 per cent in Q4FY20 impacted by higher other expenses, gross margins
 "Siemens dips 8% on profit booking after Q4 margin disappointment")
Adani Enterprises gains 5%, hits new high; market-cap nears Rs 2-trn mark
Thus far in the month of November, the stock has outperformed the market, by surging 25.5 per cent, as compared 0.75 per cent decline in the S&P BSE Sensex
 "Adani Enterprises gains 5%, hits new high; market-cap nears Rs 2-trn mark")
IOB, Central Bank of India surge up to 20% on privatisation buzz
IOB has surged 20 per cent to Rs 23.80, while CBI gained 15 per cent on the BSE in intra-day trade today.
 "IOB, Central Bank of India surge up to 20% on privatisation buzz")
Sugar shares in demand; Triveni, Dhampur, Balrampur surge up to 11%
Tight global demand-supply situation, favourable government policies and continuous push for higher blending will keep the inventory levels under control and sugar prices firm
 "Sugar shares in demand; Triveni, Dhampur, Balrampur surge up to 11%")
Stocks to Watch: Airtel, RIL, Siemens, Escorts, Radhe Dev, Indian Metals
Upside in Vedanta may be capped unless commodity prices rebound, say analyst
 "Stocks to Watch: Airtel, RIL, Siemens, Escorts, Radhe Dev, Indian Metals")
Raymond rallies 14%, hits 21-month high on heavy volumes
According to media reports, the Raymond Group is working toward re-organising its businesses into five core revenue streams, deploying professional boards to raise growth capital in the future
 "Raymond rallies 14%, hits 21-month high on heavy volumes")
Lyka Labs hits 5% upper circuit after Ipca buys 1 mn shares via bulk deals
On Monday, Ipca Laboratories purchased 1.05 million equity shares representing 3.65 per cent stake in Lyka Labs at price of Rs 123 per share on the BSE via bulk deals
 "Lyka Labs hits 5% upper circuit after Ipca buys 1 mn shares via bulk deals")
