Page 30 - Market Trends

Hotel stocks on a roll; Indian Hotels, Chalet, EIH surge over 10%

Easing of travel related restrictions, coupled with pent-up vacation demand, seems to the driving force behind a sharp surge in hotel shares

KPR Mill rallies post stock split, gains 20% in 2 trading sessions

The stock quoted ex-split from Friday onwards, and in the last one month had rallied 42 per cent.

PVR, Inox hit 52-week high as theatres to reopen in Maharashtra from Oct 22

Inox Leisure soared 18 per cent to Rs 412.20, while PVR surged 10 per cent to Rs 1,662 on the BSE in intra-day trade on Monday

Structural bull-run in Indian stock market remains intact: Chris Wood

A ripple effect from the likely fallout of China's Evergrande and a possible change in stance by RBI are the two key risks for the market rally, says the global head of equity strategy at Jefferies

Bharti Airtel up 3%, hits new high ahead of ex-date for rights issue

The telecom services provider has fixed Tuesday, September 28, 2021 for the purpose of determining the shareholders who shall be eligible to receive the rights entitlement in the Issue.

IT stocks rally on Accenture's FY22 guidance; Infosys, Wipro at new highs

The Nifty IT index surged over 2 per cent in early trade on Friday as against a 0.48 per cent rise in the benchmark Nifty50 index

This Jhunjhunwala-owned hotel stock has rallied 32% so far in September

Indian Hotels shares have gained 25 per cent in the last four trading sessions

Indiabulls Housing Finance jumps 4% on $165 mn FCCBs issue plan

On Tuesday, the company announced successful raising of Rs 807.83 crore by way of issuance of Non-Convertible Debentures

Nucleus Software surges 16% as Board to consider share buyback plan

The company has scheduled its board meet on September 24 to consider the proposal

SBI Cards plunges 6% as 4% equity changes hands on Exchanges via block deal

According to a term sheet reviewed by Business Standard, CA Rover Holdings, a subsidiary of Carlyle, had put on the block 32 million shares on Tuesday in a price band of Rs 1,021-Rs 1,072.30 per share

Surya Roshni soars 28% in 2-days, hits new high on FPI stake purchase

Recently, Employees Retirement System of Texas - Self Managed Portfolio bought 427,789 equity shares representing 0.79 per cent stake in the company

Hotel stocks rally; Indian Hotels at new high, Chalet, EIH gain up to 14%

Analyst believe hospitality business will be back to pre-Covid level by Q4FY22, if there won't be third wave of the pandemic

Lupin slips 4% as Goa plant gets 7 observations from the USFDA

These observations which has been under regulatory oversight for 4 years, and can impact investor sentiment although revenue will not be impacted in the near term, ICICI Securities note stated

HLE Glascoat surges 19% on acquiring the global biz of Thaletec GmbH

The acquisition will enhance efficiencies and combine the similar business interests for both entities, resulting in operational synergies, streamlining and optimization of the businesses

ITC surges 8%, hits seven-month high; inches towards 52-week high

Despite today's sharpest rally, the stock has under-performed the market gaining 28 per cent, as against a 50 per cent surge in the S&P BSE Sensex.

APL, Apollo Tricoat trade ex-bonus; stocks record fresh life-time highs

In the past three months, APL Apollo Tubes and Apollo Tricoat have outperformed the market by surging 30% and 22%, respectively, when compared to a 12% rise in the Sensex.

Ami Organics surges 20% after strong debut; up 84% in two days

The company had very recently issued shares at Rs 610 apiece after a strong response to its IPO.

This Rakesh Jhunjhunwala-owned stock hits record high; up 30% in 3-weeks

Nazara Technologies hit a record high of Rs 2,076, surpassing its previous high of Rs 2,026.90 touched on debut day i.e. March 30, 2021.

We are not increasing allocation to cash, says Prasun Gajri, CIO, HDFC Life

Prasun Gajri says that while valuations are on the higher side, market correction is likely to be triggered only by a liquidity reversal, driven by global events or any dent in earnings expectations.

Goldiam Intl soars 17% as board approves buyback at Rs 1,200 per share

In past nine trading days, the stock has rallied 58 per cent in anticipation of a good price for share buyback, as the earlier proposal was rejected by the shareholders.