Page 27 - Market Trends
Allcargo Logistics freezes at 20% upper limit, at new high on robust Q2 nos
The company said the industry went through pain with low rates over several years and has now turned around post consolidation and do not see freight rates going back to earlier levels in near future.
 "Allcargo Logistics freezes at 20% upper limit, at new high on robust Q2 nos")
Bayer CropScience drops to 52-week low, down 7% on weak Q2 results
To commemorate Bayer's presence in India for 125 years, the board has declared a special dividend of Rs 125 per equity share of Rs 10 each for the financial year 2021-22
 "Bayer CropScience drops to 52-week low, down 7% on weak Q2 results")
Gokaldas Exports hits third straight 5% upper circuit on strong Q2 results
The company reported 3-fold jump in Q2FY22 consolidated net at Rs 28.61 crore as against a profit of Rs 8.66 crore in a year ago quarter
 "Gokaldas Exports hits third straight 5% upper circuit on strong Q2 results")
PI Industries plunges 8% on termination of Ind-Swift slump sale agreement
The agreement had to be cancelled due to non-completion of several pre-agreed conditions precedents by Ind-Swift Labs
 "PI Industries plunges 8% on termination of Ind-Swift slump sale agreement")
Tata Motors shrugs Q2 loss, stock up 5% on good JLR operational performance
JLR expects the EBIT margin and free cash flow (before restructuring costs) to turn positive in the second half of Fiscal 2022
 "Tata Motors shrugs Q2 loss, stock up 5% on good JLR operational performance")
Here's why Osho Krishan recommends buying Hindustan Unilever, LIC Housing
According to the technical analyst from Anand Rathi, after Monday's movement ICICI Bank also looks good on chart for an upside target of Rs 840
 "Here's why Osho Krishan recommends buying Hindustan Unilever, LIC Housing")
Bandhan Bank dips 7% on disappointing September quarter results
The bank reported a loss net of Rs 3,009 crore in Q2FY22 on huge provisions of over Rs 4,600 crore for the bad loans and restructured advances
 "Bandhan Bank dips 7% on disappointing September quarter results")
IRCTC: Govt withdraws decision to share convenience fee; shares recover 34%
ICICI Securities in a note said that, this would straight away reduce revenues and earnings before interest and tax (EBIT) by 14 per cent and 36 per cent respectively
 "IRCTC: Govt withdraws decision to share convenience fee; shares recover 34%")
RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high
The management said the bank is confident of reverting to normalised levels of business, growth and profitability from the current (Q3) quarter itself
 "RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high")
Here's why Osho Krishan recommends HDFC, L&T Technology Services
According to the technical analyst from Anand Rathi, both the stocks are placed well on a risk-reward ratio from a short to medium-term perspective
 "Here's why Osho Krishan recommends HDFC, L&T Technology Services")
Larsen & Toubro gains 4% post Q2 results, strong order book position
The growth is mainly driven by higher profits in the IT&TS portfolio and improved margins from the projects & manufacturing portfolio.
 "Larsen & Toubro gains 4% post Q2 results, strong order book position")
IndusInd Bank surges 6% on steady operational performance in Q2
In Q2FY22, IndusInd Bank's net profit rose by 73 per cent at Rs 1,147 crore on back of steady increase in net interest incomes and fees.
 "IndusInd Bank surges 6% on steady operational performance in Q2")
Stocks to Watch: Bajaj Finserv, NTPC, L&T, Titan, ITC, PNB, IRCTC, SBI Card
Apart from earnings candidates, auto and telecom stocks could be in focus on reports of chip shortage likely to linger for a longer period
 "Stocks to Watch: Bajaj Finserv, NTPC, L&T, Titan, ITC, PNB, IRCTC, SBI Card")
TTK Prestige soars 15% on strong Q2 results; board okays 10:1 stock split
TTK Prestige said the rationale behind the stock split is to facilitate larger shareholder base, to increase the liquidity and to make the shares more affordable to investors
 "TTK Prestige soars 15% on strong Q2 results; board okays 10:1 stock split")
Stocks to Watch: Bajaj Auto, Axis Bank, ITC, Maruti, L&T, SBI Life, Cipla
The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today
 "Stocks to Watch: Bajaj Auto, Axis Bank, ITC, Maruti, L&T, SBI Life, Cipla")
IRB Infra locked at 10% lower circuit on equity dilution concerns
IRB Infra has announced two separate equity fundraise of up to Rs 5,347 crore via preferential issue of equity shares, at Rs 211.79 per share, a 28 per cent discount to Tuesday close
 "IRB Infra locked at 10% lower circuit on equity dilution concerns")
Paint stocks up on price hike reports; Asian, Berger Paints gain up to 6%
Paint companies Asian Paints and Berger Paints have taken high-single-digit price increases across their portfolio in a move to offset the rising inputs costs, indicate reports
 "Paint stocks up on price hike reports; Asian, Berger Paints gain up to 6%")
Axis Bank dips 4% on profit booking post September quarter results
The bank reported a weak operating performance in the quarter ended September 2021, owing to decline in margin, higher opex and sluggish business growth
 "Axis Bank dips 4% on profit booking post September quarter results")
Ashok Leyland, Biocon look good on charts for a rebound: Ajit Mishra
The technical analyst from Religare Broking also recommends to accumulate United Spirits. Check out the range below
 "Ashok Leyland, Biocon look good on charts for a rebound: Ajit Mishra")
HG Infra soars 15% on Rs 2,297 cr NHAI order win, stock up 205% in 6 months
The company received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the projects worth of Rs 2,297 crore
 "HG Infra soars 15% on Rs 2,297 cr NHAI order win, stock up 205% in 6 months")
