Page 2 - Stock To Watch
Indus Towers hits 52-week low as stock turns ex date for interim dividend
The company has fixed Tuesday, May 17, 2022, as the 'record date' for the purpose of ascertaining the eligibility of shareholders for the payment of interim dividend of Rs 11 per share.
 "Indus Towers hits 52-week low as stock turns ex date for interim dividend")
City gas distributor stocks gain up to 9% post March quarter results
At 10:00 am; CGD stocks were up in the range of 4 per cent to 7 per cent, as compared to 0.43 per cent decline in the S&P BSE Sensex.
 "City gas distributor stocks gain up to 9% post March quarter results")
Delhivery IPO's 3-day offer opens today: All you need to know
Delhivery provides supply chain solutions to a diverse base of 23,113 active customers such as e-commerce marketplace, direct-to-consumers e-tailers, and enterprises across several verticals.
 "Delhivery IPO's 3-day offer opens today: All you need to know")
Tata Steel slips 10% in 5 days post March quarter results
With the recent fall, the stock has corrected 24 per cent from its 52-week high level of Rs 1,534.60 that it had touched on August 16, 2021.
 "Tata Steel slips 10% in 5 days post March quarter results")
This stock has zoomed 174% in 21 days after reversal of trade suspension
Shares of Kohinoor Foods were locked in upper circuit for the 21 straight trading days, up 5 per cent at Rs 21.30 on the BSE.
 "This stock has zoomed 174% in 21 days after reversal of trade suspension")
Sun Pharma slips over 2% after USFDA issues observations for Halol facility
In the past five days, the stock has fallen over 5 per cent. In comparison, the S&P BSE Sensex declined 3.75 per cent during the same period
 "Sun Pharma slips over 2% after USFDA issues observations for Halol facility")
Adani Wilmar down for 8th straight day; slips 34% from 52-wk high level
Post the sharp share price rally since listing, brokerage firm JPMorgan find the stock's risk-reward unattractive. Analysts have downgraded their stance to 'underweight' with a target price of Rs 525.
 "Adani Wilmar down for 8th straight day; slips 34% from 52-wk high level")
Angel One extends fall despite strong April update; stk drops 32% in 4 days
On April 29, 2022, the promoter, Rahul Thakkar sold 41,200 equity shares of Angel One via open market sale.
 "Angel One extends fall despite strong April update; stk drops 32% in 4 days")
LIC IPO: GMP falls 40% in a week; can investors see a listing pop?
Analysts anticipate volatility in the grey market to moderate after the US Federal Reserve (US Fed) clears uncertainty over rate hike in its May meeting
 "LIC IPO: GMP falls 40% in a week; can investors see a listing pop?")
Cosmo Films soars 10% on bonus issue plan
The company's board will meet on Monday, May 9, 2022 to consider the issuance of bonus shares.
 "Cosmo Films soars 10% on bonus issue plan")
City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%
On the cost front, CGD companies are expected to incur high gas sourcing costs as spot liquefied natural gas (LNG) prices continue to remain at elevated levels.
Maruti Q4 preview: Experts eye 35-40% YoY rise in PAT despite chip shortage
Analysts anticipate revenue growth of 10-11 per cent YoY driven by price hikes taken over the last few quarters, including two rounds of price hikes taken this year to offset input cost rise.
 "Maruti Q4 preview: Experts eye 35-40% YoY rise in PAT despite chip shortage")
Hindustan Unilever gains 4% post strong March quarter results
In Q4FY22, the country's largest FMCG major saw net profit climb by 5.4 per cent year-on-year (YoY) to Rs 2,304 crore, compared to Rs 2,186 crore from a year-ago period.
 "Hindustan Unilever gains 4% post strong March quarter results")
Veranda lists 15% higher over issue price on BSE; down 5% on NSE
At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade on the BSE, against issue price of Rs 137 per share.
 "Veranda lists 15% higher over issue price on BSE; down 5% on NSE")
Bajaj Finance slips 5% despite strong Q4FY22 results
Brokerage firm Motilal Oswal Financial Services expects net interest margins (NIMs) to compress in FY23 due to yield pressure and higher borrowing cost.
 "Bajaj Finance slips 5% despite strong Q4FY22 results")
Bajaj Auto Q4 preview: Will subdued vols, high input cost dampen results?
Analysts expect revenue to decline by 11-12 per cent year-on-year (YoY) in Q4, marked by decline in volumes and surge in average selling price due to steep price hikes taken over the last few quarters
 "Bajaj Auto Q4 preview: Will subdued vols, high input cost dampen results?")
Mahindra CIE surges 13% on stable operational performance in March quarter
In Q1, standalone EBITDA margin improved 310 basis points (bps) to 15.5 per cent from 12 per cent in Q4.
 "Mahindra CIE surges 13% on stable operational performance in March quarter")
Borosil Renewables surges 13% ahead of board meet for fund raise
The company will mull fund raise, which may include issuance of equity shares or any other securities of the company, through preferential issue on a private placement basis.
Nestle Q1: Input cost rise, Sri Lanka crisis could hit profit, say analysts
Analysts expect the maggi maker to report muted profit in the March quarter 2022 due to sluggish rural demand sentiment and input cost inflation.
 "Nestle Q1: Input cost rise, Sri Lanka crisis could hit profit, say analysts")
MRPL surges 13% on heavy volumes; stock zooms 58% in April
The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.
 "MRPL surges 13% on heavy volumes; stock zooms 58% in April")
