Page 6 - Market Trends
Ambuja Cements hits over 3-month high; rallies 29% thus far in April
Holcim Ltd., the world's biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements.
 "Ambuja Cements hits over 3-month high; rallies 29% thus far in April")
Future Group shares tank up to 20% as Reliance calls off deal
Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.
 "Future Group shares tank up to 20% as Reliance calls off deal")
Stocks to Watch: ICICI Bank, RIL, Tejas Network, Tata Metaliks, Religare
Stocks to Watch Today: Shares of pharma company - Aurobindo, Sun Pharma and Jubilant are likely to be in focus as the trio have recalled different products in the US market as per the latest USFDA
 "Stocks to Watch: ICICI Bank, RIL, Tejas Network, Tata Metaliks, Religare")
Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz
The company's board is scheduled to meet on April 28 to consider a proposal for raising funds
 "Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz")
Adani Power enters top-50 most-valued firms club; zooms 109% in a month
Adani Power's market cap was at Rs 99,972 crore as of 10:19 am on Friday, the BSE data shows
 "Adani Power enters top-50 most-valued firms club; zooms 109% in a month")
Rallis India slumps 9% on disappointing Q4 results
The company reported a consolidated net loss of Rs 14 crore in March quarter on higher raw material cost.
 "Rallis India slumps 9% on disappointing Q4 results")
Here's why Mehul Kothari recommends buying Tata Power, Sunteck Realty
According to the technical analyst from Anand Rathi, Suntech Realty is on the verge of breakout; whereas, Tata Power is testing its key support.
 "Here's why Mehul Kothari recommends buying Tata Power, Sunteck Realty")
VRL Logistics surges 6%, hits new high on strong business outlook
In the past one month, the stock has outperformed the market by surging nearly 30 per cent as compared to 1 per cent decline in the S&P BSE Sensex.
 "VRL Logistics surges 6%, hits new high on strong business outlook")
M&M soars 33% from 52-week low on hopes of steady performance
Analysts expect strong volume outlook on the back of a robust order book in autos and new product launches across segments.
 "M&M soars 33% from 52-week low on hopes of steady performance")
Reliance Industries rallies 7% in two days, stock nears record high
RIL traded 3.5 per cent higher at Rs 2,730 fairly close to its record high of Rs 2,750 touched on October 19, 2021.
 "Reliance Industries rallies 7% in two days, stock nears record high")
Coal India gains 4%, hits over 2-year high on hopes of strong earnings
Amid the spiraling power generation, CIL raised its supplies to thermal power stations by 14.2 per cent during the first half of April'22 compared to same period last April.
 "Coal India gains 4%, hits over 2-year high on hopes of strong earnings")
Stocks to Watch: ACC, Mastek, PCBL, L&T Infotech, NBFCs, Sugar
Stocks to watch today: Shares of brokerage firms Angel One and ICICI Securities are also likely to be in focus ahead of the corporate earnings on Wednesday.
Trend to remain bearish as long as Nifty stays below 17,275, Vinay Rajani
The technical analyst from HDFC Securities has buy call on ICICI Prudential Gold ETF and sell call on Mothersonsumi.
 "Trend to remain bearish as long as Nifty stays below 17,275, Vinay Rajani")
Is Paytm ready for a short-term reversal? Here's what technical charts say
Shares of Paytm are expected to jump up to 20 per cent after overcoming the resistance at the 50-DMA.
 "Is Paytm ready for a short-term reversal? Here's what technical charts say")
INEOS Styrolution dips 16%, hits 52-wk low as promoter lowers stake via OFS
The promoter today launched an offer for sale to offload up to a 14.4 per cent stake in the company and fixed offer price at Rs 800 per share.
 "INEOS Styrolution dips 16%, hits 52-wk low as promoter lowers stake via OFS")
AU Small Finance Bank gains 4%, hits record high on bonus issue plan
The board of directors of the bank shall meet early next week to consider the proposal for issuance of bonus shares.
 "AU Small Finance Bank gains 4%, hits record high on bonus issue plan")
Stocks to Watch: Infosys, HDFC Bank, Tata Steel, ICICI Life, HUL, RIL, M&M
The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.
Stock of this agri products company has zoomed 85% in two months
Gujarat Ambuja Exports hit a new high of Rs 329.55, on rallying 10% on the BSE in Wednesday's intra-day trade, and has surged 29% in the past four trading days.
 "Stock of this agri products company has zoomed 85% in two months")
ONGC, Oil India gain 3% in tandem with crude oil prices
Crude oil prices increased around 6 per cent on Tuesday amid news reports of lower supply by oil producers and easing of lockdown restrictions in parts of China
 "ONGC, Oil India gain 3% in tandem with crude oil prices")
Here's why Vinay Rajani recommends buying HG Infra, Kaveri Seeds
The technical analyst from HDFC Securities expects the Nifty to find support around 17,450-odd levels.
 "Here's why Vinay Rajani recommends buying HG Infra, Kaveri Seeds")
