Page 8 - Market Trends

Adani Group shares surge up to 7%; extend recovery post Maha poll verdict

Last week, shares of Adani Group tanked up to 28% after Gautam Adani, along with other executives, were charged by US prosecutors with bribery, fraud charges.

Zomato rallies 7% on inclusion in BSE Sensex from Dec 23; JSW Steel down 2%

Thus far in the calendar year 2024, Zomato stock price has zoomed 125 per cent, as compared to the 11 per cent rise in the BSE Sensex

Bullish cues: Notable Put-writing seen for first time in 2 mths; F&O data

Derivatives market update for Nov 25: FIIs net purchased 46,700 contracts of index futures on Friday - the most in a single day since September 22; thus reducing some of their short bets.

It is a sell on a rise market now with Nifty upside capped, suggest charts

As persistent selling at higher levels continues, Chandan Taparia of Motilal Oswal believes a 'sell-on-bounce' trend is firmly in place at least for now.

Vijaya Diagnostic hits new high, stock up 65% in 4 months on strong Q2 nos

In Q2 the company delivered impressive 31.8% YoY revenue growth, of which 23.0% was organic, driven primarily by volume, with contributions coming from both its existing and newly launched centres.

Ratnaveer Precision soars 19% on strong demand; zooms 47% in 5 days

During the year, revenue growth to trend upwards on the back of an improving trajectory in domestic volume growth and higher realisations due to the favourable pricing cycle in key portfolios.

Paytm rallies 6%, trades higher for fifth straight day; nears 52-week high

The stock has rallied 19% in five trading days and is quoting at its highest level since November 2023

This microcap stock has zoomed over 100% in 5 days; trades at 6-year high

Shares of specialty chemicals company Multibase India were locked in the 10% upper circuit and quoted at the highest level since September 2018.

Honasa Consumer stock hits 10% lower limit; down 36% in 3 days post Q2 show

The stock hit a new low even as the company denied allegations claimed by AICPDF around the company's practices with its distributors and distribution transition.

DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows

Adani Energy and Adani Wilmar from the BSE200 index have hit their respective 52-week lows after Gautam Adani and others were charged by US prosecutors for allegedly bribing Indian officials

This PSU metal stock has zoomed 170% in one year; trades at new high

NALCO shares continued their upward movement hitting a new high at Rs 252.65, up 5% in intra-day trades and have surged 15% in the past 3 days after China said it would cancel export tax rebates.

Indian Hotels stock hits new high in weak market; up over 100% in 13 months

Indian Hotels Company on Tuesday had set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

Adani Group shares plunge up to 20% post US SEC bribery, fraud charges

Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.

Nifty PSU Bank index slips 5%; PNB, BOB, Canara, SBI dip up to 7%

At 10:00 AM, the Nifty PSU Bank index, the top loser among sectoral indices, was down 4.7 per cent, as compared to the 0.92 per cent decline in the Nifty 50

Waaree Energies slips 6% on muted September quarter results

The company's profit after tax rose 17 per cent YoY at Rs 376 crore on account of other income.

This SME stock zooms 16% on heavy volume; up 300% vs issue price in 11 mths

Siyaram Recycling Industries share price hit a new high of Rs 183.85, surging 16% on the BSE in Tuesday's intraday trade, amid heavy volumes.

Indian Hotels, Federal Bank, Coforge from BSE Midcap index hit record highs

Shares of Coforge hit a new high of Rs 8,236.95, gaining 3%, and zooming 71% in six months, on a strong growth outlook.

ZEE gains 7% after Punit Goenka resigns as MD to take over reins as CEO

Thus far in calendar year 2024, the market price of ZEE has more-than-halved, or tanked 56 per cent, as compared to the 8 per cent rise in the BSE Sensex

This smallcap consumer electronics stock has zoomed over 300% in 8 months

PG Electroplast hit a new high of Rs 718.35, surged 15 per cent after the company said its subsidiary PG Technoplast has entered into electric vehicle assembly and lithium-ion battery assembly

MGL, IGL plunge up to 20% as govt reduces APM gas allocation to CGDs again

Motilal Oswal Financial Services believe that IGL shall be affected the most by this significant reduction in the domestic gas allocation, followed by MGL and then Gujarat Gas.