Stock Edge

The company recently appointed a new CEO and MD and analysts advise caution till the transition phase is over

MCX shares zoom 6% on super show in second quarter

ICICI Securities, while maintaining its ‘buy’ stance, said growth in options, stable futures volumes and reduction in software cost post migration to new platform set up good prospects for FY24.

Despite muted debut, can Tracxn Technologies be a long-term play?

The company faces significant players from private players such as Crunchbase, CBInsights, PrivCo & Pitchbook, and free online and offline sources of information on companies & businesses.

Titan shares jump on strong Q2 growth, analysts maintain their bullish stance

Titan Q2 growth: Titan said its store addition pace was strong as well. Retail network continued the pace of expansion adding 105 stores for the quarter. Maximum addition - at 35 stores - was for its eyecare business while jewellery and watch business followed with 25 and 23 stores, respectively.

IndusInd Bank stock climbs 5% on strong loan, deposit growth in Q2

Deposits with the bank rose 15 percent YoY from Rs 2,75,473 crore to Rs 3,15,824 crore as of September 2022. The same rose 4 percent QoQ, the company said.

Sona Comstar slumps to 52-week low: Falling knife or solid buy on dip opportunity?

The sell-off has not stopped analysts from voicing their optimism for the stock. Some have also upgraded their rating on the counter arguing the sell-off in the stock is perhaps the best time to accumulate the stock.

Goldman Sachs sees over 60% upside in Paytm, reiterates ‘buy’

In the current year, the company has regularly posted strong growth in its loans business, claiming multifold growth. However, the stock has not performed as per expectations.

Tata metal companies merger a big positive; TRF shareholders will be only losers from this: Analysts

Most of the swap ratio is aligned with prevailing market prices. TRF shareholders will be the only losers as the stock had rallied massively in the last few weeks.

KEC International gains on Rs 1,100 crore order: Should you buy the stock?

With these orders, KEC International’s year to date order intake has now surpassed Rs 7,000 crores, a growth of 25 percent vis-à-vis last year, the company management said.

Defence sector stocks boom after army releases arms tender

Proposals are being fielded for guns, missiles, drones and specialist vehicles, among others, the army said in its latest tender

This private bank fails to draw attention of MF managers despite 60% surge in a year

Money managers’ apathy towards Yes Bank has come at a time when it has proven itself to be one of the best-performing ones. The stock is up nearly 60 percent from its 52-week low in September last year.

Balaji Amines completes first phase of expansion, stock adds over 4%

The company said Phase 1 of 90-acre Greenfield Project has been completed and the Di-methyl Carbonate (DMC)/Propylene Carbonate (PC) and Propylene Glycol (PG) Plant will be ready to commence commercial production by the end of September 2022.

KEC International jumps after bagging orders worth Rs 1,100 crore

Analysts are divided on the stock and do not see much upside in the counter.

After a month of bullishness, mutual fund managers divided on Zomato stock again

Analysts have also shown their willingness to recommend the stock to their clients. Some – including Kotak Securities and Jefferies – have even upgraded the stock target price in recent months.

Sunteck Realty stock gains as company buys land parcel in Beverly Park

The company said it has further strengthened Sunteck’s presence in the Mumbai Metropolitan Region (MMR) market. With continuous acquisitions Sunteck has gained a strong foothold in the western suburbs of Mumbai.

Cipla closes in on 52-week high on getting USFDA nod for cancer drug

According to external data that Cipla provided, Revlimid (Lenalidomide) capsules had US sales of approximately $2.58 billion for the 12-month period ending June 2022

Hindustan Aeronautics hits 52-week high as firm says it assembled gas turbines for INS Vikrant

According to the company these gas turbines were assembled and tested at HAL's dedicated facility at Bangalore.

Paytm shares gain on strong growth in monthly business

The company said loan disbursals were happening at an annualised run rate of Rs 29,000 crore ($3.6 billion) in August.

LED TV maker Dixon Tech rises after sub-licensing deal for Android and Google TV

The stock has fallen 24 percent so far this year amid market sell-off and concerns over valuations. Most analysts are cautious on the stock and see single-digit upside from here.

Ashok Leyland shares rise as automaker bags big order from UAE

The Hinduja Group flagship said that the 55-seater Falcon bus and 32-seater Oyster bus will be supplied from its manufacturing facility in Ras Al Khaimah, UAE

Parting Note | Best is yet to come in PSU stocks, says Prashant Jain

Some of the PSU stocks, especially from the defence space – Bharat Electronics, Bharat Dynamics, and Hindustan Aeronautics – have gained 80-120 percent in the last one year. The rally has also spilled over into PSU banks and energy names.

Eicher Motors revs down as finance chief heads for the door, but analysts remain upbeat

The company did not elaborate on reasons for Kaleeswaran Arunachalam’s resignation.

Auto sector earnings upgraded as headwinds recede; what should you buy?

Semiconductor supplies have returned to normal and prices of key raw materials like metals are off 30-40 percent from their recent highs, relieving margin pressure on auto companies.

RBL Bank zooms after a US fund CREF buys additional stake

According to information available with Bloomberg College Retirement Equities Fund (CREF) operates as a non-profit organization. The Organization offers investment options such as investment, insurance, and annuity products.

PolicyBazaar parent surges on raft of investments in India and UAE

Paisabazaar, another subsidiary of PB Fintech, will receive Rs 250 crore for which it will issue shares to the parent. The parent will also infuse Rs 650 crore in PolicyBazaar during the current financial year.