Moneycontrol Buzzing Stocks
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RIL market cap increases by Rs 2.4 lakh crore after six Jio stake sale deals, rights issue
The stock rallied 80 percent from its March lows against 33 percent upside in the Nifty50, while since the announcement of first deal on April 22, it gained 29 percent.
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In Pics | MoversShakers: 10 stocks which moved the most this week
For the week, the Sensex was up 5.7 percent while the Nifty closed with gains of 5.8 percent.
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Hedge fund Sylebra acquires 1.1% stake in PVR, promoter Nirayu buys 1.5% in Alembic
Total promoter and promoter group shareholding in Alembic stood at 67.62 percent, including Nirayu#39;s 59.80 percent as of March 31
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Slideshow | GainersLosers: 10 stocks that moved the most on June 5
Except FMCG, other indices ended higher. Nifty PSU Bank index rose 7 percent followed by the Metal, Auto, Infra and Energy space.
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SBI share price rises 7% on strong Q4 numbers
Asset quality has seen improvement in the quarter ended March 2020.
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Volume Buzzers: Raymond, Snowman Logistics jump 10-20%; volumes of Tata Motors jumps
Tata Motors stock was the top auto gainer jumping over 11 percent. Around 14,31,32,297 shares were traded on NSE at 14:20 hours while SBI was up over 3 percent with 8,03,46,852 shares being traded on NSE.
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Britannia shares fall on report of a stake sale by Wadias, Bombay Dyeing up 15%
Promoter and promoter group held 50.63 percent stake in Britannia Industries as of March 2020.
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Auto index gains, Tata Motors ends 13% higher in share price
It traded with volumes of 8,649,199 shares, compared to its five day average of 4,295,367 shares, an increase of 101.36 percent.
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D-Street Buzz: Nifty Metal jumps 4% led by Tata Steel, SAIL; Bharti Airtel, Tata Motors most active
The top gainers included Tata Steel, ONGC, State Bank of India, Sun Pharma and Power Grid while the top losers included TCS, Bajaj Auto, Hindustan Unilever, Infosys and Hero MotoCorp.
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Hexaware Tech shares hit 20% upper circuit as company proposes delisting
HT Global IT Solutions presently holds 186,318,590 equity shares of the company of a face value of Rs 2 each representing 62.4 percent of the paid-up equity share capital of the company as on March 31
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MC Technicals
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Inverse head and shoulder pattern suggests buying opportunity in Torrent Power
Inverse head and shoulder pattern suggests buying opportunity in Torrent Power
Recent formation of Inverse HeadShoulders classical pattern has given a breakout by trading above Rs 330 marks, suggests buying in the stock for higher targets of Rs 390.
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Optimal application of options in low Implied Volatility times
Optimal application of options in low Implied Volatility times
Different regimes of IV gives different opportunities, hence optimizing on those with different option trading approaches is always profitable than having one standard approach.
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Nifty#39;s fastfurious move expected to slow down, but these 3 stocks can be outperformers
Nifty#39;s fastfurious move expected to slow down, but these 3 stocks can be outperformers
After a rally of 35 percent from lows of March 2020, market participants should not expect a run-away move on the upside.
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Technical View: Nifty forms bullish candle on weekly scale, 10,200 crucial for next week
Technical View: Nifty forms bullish candle on weekly scale, 10,200 crucial for next week
The 10,200 level holds a lot of importance as it would outlay the trend for the next couple of months, Manish Hathiramani of Deen Dayal Investments said.
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Nifty to retrace in near term but with limited downside: Navneet Daga
Nifty to retrace in near term but with limited downside: Navneet Daga
India VIX hovered near 30 and continues to remain beneath its short and medium-term averages.
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Technical View: Nifty forms a Doji pattern; go short if index slips below 9,940
Technical View: Nifty forms a Doji pattern; go short if index slips below 9,940
If the bears fail to push the index below 10k on a closing basis in the next session then a range-bound move between 9,950 and 10,176 can be expected, says Chartviewindia.in#39;s Mazhar Mohammad.
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Technical View: Nifty above 10k but forms bearish candle, bulls may take a breather
Technical View: Nifty above 10k but forms bearish candle, bulls may take a breather
Traders should create short positions with a stop above 10,050 on a closing basis and look for targets close to 9,700 if the Nifty trades below 9,995, says Mazhar Mohammad.
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Technical View: Nifty forms bullish candle, creates intraday long positions above 10,040
Technical View: Nifty forms bullish candle, creates intraday long positions above 10,040
Experts expect the momentum to continue in coming days if the index holds on to 9,824.
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Technical View: Nifty forms Shooting Star pattern, profit booking seen if it breaks 9,700
Technical View: Nifty forms Shooting Star pattern, profit booking seen if it breaks 9,700
Manish Hathiramani feels the trend continues to remain positive and every dip can be used to accumulate the Nifty for a target of 9,950-10,000.
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#39;As pullback Nifty rally approaches near resistance zone, short-term dip seen#39;
#39;As pullback Nifty rally approaches near resistance zone, short-term dip seen#39;
Traders can play the setup by adopting unconventional "Married Call" and initiate short position in futures with longs in 9500 CE.
MC Business News
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Indian courts adopting technology in forward-thinking manner: NITI Aayog CEO Amitabh Kant
Indian courts adopting technology in forward-thinking manner: NITI Aayog CEO Amitabh Kant
COVID-19 pandemic has forced a shift towards solutions that minimise contact and can be activated through technology, including for the resolution of disputes, he said in a webinar on "Catylizing Online Dispute Resolution (ODR) for Justice Delivery".
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Paytm reaches out to state govts on contactless food ordering at restaurants
Paytm reaches out to state govts on contactless food ordering at restaurants
In April, Paytm had said it has developed a #39;contactless in-store ordering#39; solution - #39;Scan to Order#39; - to help restaurants and eateries minimise physical contacts for menu, billing and cash transactions after these businesses open after the lockdown.
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Canara Bank cuts in repo-linked lending rate by 40 bps
Canara Bank cuts in repo-linked lending rate by 40 bps
Meanwhile, the Bengaluru-based bank also slashed its marginal cost of fund-based lending rate (MCLR) by 20 basis points across various tenors.
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By the numbers: Donald Trump reads economic boom into jobs data
By the numbers: Donald Trump reads economic boom into jobs data
But economists say the notion that the coronavirus-battered economy is now on a glide path to recovery glosses over some of the hard truths that American workers will face for months, if not years.
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Kolkata city hotels taking extra precautions to mitigate COVID-19 risks
Kolkata city hotels taking extra precautions to mitigate COVID-19 risks
A spokesperson of Oberoi Grand, one of the oldest luxury properties in Kolkata, said several additional steps have been taken keeping in mind the risks regarding COVID-19 and the World Health Organisation and tourism ministry guidelines.
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Jindal Stainless posts Rs 22 crore loss in Q4
Jindal Stainless posts Rs 22 crore loss in Q4
The company had reported a net profit of Rs 32 crore in the year-ago period, JSL said in a BSE filing.
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Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve
Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve
The meeting will follow a surprise gain in the Labor Department#39;s closely watched jobs report on Friday that pushed benchmark 10-year Treasury yields to the highest since early March.
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Coronavirus pandemic | Thailand to position itself as #39;trusted#39; destination after COVID-19 eases
Coronavirus pandemic | Thailand to position itself as #39;trusted#39; destination after COVID-19 eases
Thailand, the first to report a virus case outside of China, wants to build on its reputation and remake its popular image as a destination for big tour groups.
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Tamil Nadu CM K Palaniswami urges industries to employ local workers, says more lockdown relaxations will be announced
Tamil Nadu CM K Palaniswami urges industries to employ local workers, says more lockdown relaxations will be announced
"The Tamil Nadu Skill Development Corporation is keen on joining hands with the Confederation of Indian Industry (CII) in providing the necessary skill training to native workers," Palaniswami said.
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Exclusive | Brookfield buys Emami Groupâs solar business; deal part of conglomerateâs non-core asset sale strategy
Exclusive | Brookfield buys Emami Groupâs solar business; deal part of conglomerateâs non-core asset sale strategy
When contacted, Emami Group confirmed the transaction. Emami Power is not linked directly to the listed flagship firm Emami Ltd and is a unit belonging to the promoter group.
MC Brokerage Recos
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Gladiator Stocks - Shilpa Medicare: ICICI Securities
Gladiator Stocks - Shilpa Medicare: ICICI Securities
According to ICICI Securities, Buy Shilpa Medicare in the range of Rs 440.00â458.00 for target price of Rs 535.00 with a stop loss of Rs 405.00. Time Frame: Six months.
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Quant Pick - Tata Consumer Products: ICICI Securities
Quant Pick - Tata Consumer Products: ICICI Securities
According to ICICI Securities, The Nifty has moved around the 10000 mark amid a broader market recovery led by underperforming segments like banking.
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Buy Aurobindo Pharma; target of Rs 870: ICICI Securities
Buy Aurobindo Pharma; target of Rs 870: ICICI Securities
ICICI Securities is bullish on Aurobindo Pharma has recommended buy rating on the stock with a target price of Rs 870 in its research report dated June 04, 2020.
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Buy Spandana Sphoorty; target of Rs 620: ICICI Securities
Buy Spandana Sphoorty; target of Rs 620: ICICI Securities
ICICI Securities is bullish on Spandana Sphoorty has recommended buy rating on the stock with a target price of Rs 620 in its research report dated June 03, 2020.
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Sell Info Edge India; target of Rs 2135: ICICI Securities
Sell Info Edge India; target of Rs 2135: ICICI Securities
ICICI Securities is bearish on Info Edge India has recommended sell rating on the stock with a target price of Rs 2135 in its research report dated June 04, 2020.
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Buy Britannia Industries; target of Rs 3782: Dolat Capital
Buy Britannia Industries; target of Rs 3782: Dolat Capital
Dolat Capital is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 3782 in its research report dated June 03, 2020.
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Buy Transport Corporation of India; target of Rs 200: ICICI Direct
Buy Transport Corporation of India; target of Rs 200: ICICI Direct
ICICI Direct is bullish on Transport Corporation of India has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 04, 2020.
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Buy Polycab India; target of Rs 855: ICICI Direct
Buy Polycab India; target of Rs 855: ICICI Direct
ICICI Direct is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 855 in its research report dated May 04, 2020.
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Buy Britannia Industries; target of Rs 3744: Prabhudas Lilladher
Buy Britannia Industries; target of Rs 3744: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 3744 in its research report dated June 03, 2020.
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Buy Britannia Industries target of Rs 4060: Sharekhan
Buy Britannia Industries target of Rs 4060: Sharekhan
Sharekhan is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 4060 in its research report dated June 03, 2020.
