Page 8 - Market Trends
Stocks to Watch: Adani Group, JSW Steel, JSPL, IndiGo, SpiceJet, Textiles
Steel stocks are likely to be in limelight following reports of price hike in April.
 "Stocks to Watch: Adani Group, JSW Steel, JSPL, IndiGo, SpiceJet, Textiles")
Over half of Nifty500 stocks trade above 200-DMA; analysts see more upside
Nifty 50 is back to 18,000, still half of Nifty 500 stocks trade below 200-DMA
 "Over half of Nifty500 stocks trade above 200-DMA; analysts see more upside")
Adani Group shares at lifetime highs; Adani Power zooms 92% in one month
Adani Wilmar has surged 61% in the last one month; Adani Total Gas and Adani Enterprises rallied 35 per cent and 33 per cent, respectively.
 "Adani Group shares at lifetime highs; Adani Power zooms 92% in one month")
Zomato falls 5% on reports of CCI probe against unfair business practices
In the past three months, Zomato has underperformed the market by falling nearly 40 per cent, as compared to a 0.4 per cent rise on the S&P BSE Sensex.
 "Zomato falls 5% on reports of CCI probe against unfair business practices")
SBI Cards dips 5% as over 3% equity change hands via block deals on NSE
Around 31.9 million equity shares representing 3.37 per cent equity of SBI Cards changed hands on the NSE in the first 10 minutes of trade, NSE data shows.
 "SBI Cards dips 5% as over 3% equity change hands via block deals on NSE")
Here's why Mehul Kothari recommends buying L&T Infotech, Symphony
According to the technical analyst from Anand Rathi, Symphony may give decent gains in the coming 3 to 4 weeks.
 "Here's why Mehul Kothari recommends buying L&T Infotech, Symphony")
Indo Count soars 10% on completing acquisition of home textile biz of GHCL
The acquisition would potential see addition of around Rs 1,300 - 1,500 crore per annum to the topline of the Company at peak capacity.
 "Indo Count soars 10% on completing acquisition of home textile biz of GHCL")
Vedant Fashions hits record high; stock surges 25% in one month
The stock has recovered 34 per cent from its 52-week low of Rs 793 hit on February 24, 2022.
 "Vedant Fashions hits record high; stock surges 25% in one month")
HDFC Bank, HDFC rally up to 10% as board approves merger
The share exchange ratio for the amalgamation of HDFC with and into HDFC Bank shall be 42 equity shares of face value of Re 1 each of HDFC Bank for every 25 equity shares of face value of Rs 2 of HDFC
 "HDFC Bank, HDFC rally up to 10% as board approves merger")
Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares
IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.
India Glycols surges 16% in 3 days; to commission new unit by May 15
India Glycols informed that post successful installation of grain based distillery unit at Gorakhpur, trial runs are in progress and the same would be commissioned by May 15, 2022.
 "India Glycols surges 16% in 3 days; to commission new unit by May 15")
F&O Strategy: Nandish Shah recommends a Bull Spread on Balrampur Chini
The derivative analyst from HDFC Securities recommends buying Balrampur Chini April 520 CALL and simultaneously selling 520 CALL.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on Balrampur Chini")
This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume
Till 02:09 pm; a combined 37.98 million equity shares representing 4 per cent of the total equity of Edelweiss Financial changed hands on the NSE and BSE.
 "This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume")
Hindalco slips 8% in two days on profit booking; stock up 77% in one year
The management sees strong demand for aluminum from major segments like Beverage Can, Automotive Body Sheet, Specialties, and Aerospace.
 "Hindalco slips 8% in two days on profit booking; stock up 77% in one year")
Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA
The current momentum, which is showing stability above 200-DMA could see a gradual rally towards Rs 800 to Rs 815 levels, its next hurdle zone.
 "Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA")
Saregama hits 5% upper circuit on board nod for distribution biz demerger
The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business).
 "Saregama hits 5% upper circuit on board nod for distribution biz demerger")
Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses
The private lender has acquired Citigroups' Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans in an all cash deal worth Rs 12,325 crore.
 "Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses")
Usha Martin zooms 54% in 4 weeks; stock trades at over 14-year high
The stock traded at its highest level since January 2008; the stock had hit a record high of Rs 154 on January 4, 2008.
 "Usha Martin zooms 54% in 4 weeks; stock trades at over 14-year high")
Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks
Among the pack, Tata Motors seems to be a slow mover, as the stock may see an upside of 8 per cent on crossing the major hurdles.
 "Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks")
Tata Coffee, Tata Consumer surge up to 13% on business reorganisation plan
TCPL on Tuesday announced a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
 "Tata Coffee, Tata Consumer surge up to 13% on business reorganisation plan")
