 "SI Reporter")
SI Reporter
SI Reporter
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Page 357 - Si Reporter
Market Close Highlights, Sept 23: Sensex adds 384 pts; Nifty ends near 25,950; PSB index soars 3%
Stock Market Highlights: 34 out of 50 constituent stocks on Nifty50 ended higher with gains led by Bajaj Auto, Mahindra & Mahindra, ONGC, Hero MotoCorp, and SBI Life Insurance
 "Market Close Highlights, Sept 23: Sensex adds 384 pts; Nifty ends near 25,950; PSB index soars 3%")
Maharatna stock in focus: ONGC shares jump 3%; what's behind the rally?
The share price surged following ONGC Videsh's signing of an addendum with SOCAR, BP, and six other partners for Azerbaijan's ACG Field in the Caspian Sea
 "Maharatna stock in focus: ONGC shares jump 3%; what's behind the rally?")
Aadhar Housing rallies 6%, hits record high; JM Financial sees more upside
JM Financial Institutional Securities has initiated coverage on Aadhar Housing Finance with a 'Buy' rating and a target price of Rs 600
 "Aadhar Housing rallies 6%, hits record high; JM Financial sees more upside")
PSP Projects shares climb up 5% on receiving orders worth Rs 555 cr
Shares of PSP Projects, a civil construction firm jumped 5.10 per cent at Rs 708.90 per share on the BSE in Monday's intraday trade
 "PSP Projects shares climb up 5% on receiving orders worth Rs 555 cr")
Northern Arc IPO listing buzz: GMP resurges 55%; check likely listing price
Northern Arc Capital shares are poised for their market debut tomorrow. Here's what GMP trends indicate about the listing prospects
 "Northern Arc IPO listing buzz: GMP resurges 55%; check likely listing price")
SpiceJet soars 10% as company successfully raises Rs 3,000 crore via QIP
SpiceJet's board approved the issue and allotment of 48,70,12,986 equity shares to eligible qualified institutional buyers
 "SpiceJet soars 10% as company successfully raises Rs 3,000 crore via QIP")
Bikaji Foods Int'l share hits record high on incorporating unit; details
The shares of the snack manufacturer surged after the company announced that it has secured Ministry of Corporate Affairs (MCA) approval to incorporate a wholly-owned subsidiary, Bikaji Foods Retail.
 "Bikaji Foods Int'l share hits record high on incorporating unit; details")
JSW Infra rises 5% on receiving delivery of 2nd dredger from Netherlands
JSW Infrastructure got the delivery of the second dredger which aligns with the company's FY2030 growth plan to boost capacity
 "JSW Infra rises 5% on receiving delivery of 2nd dredger from Netherlands")
Unichem Labs shares jump 4% after announcing consolidation of US generics
Unichem Laboratories share price surged up to 4.1 5 per cent at Rs 671.55 per share on the BSE in Monday's intraday trade
 "Unichem Labs shares jump 4% after announcing consolidation of US generics")
HFCL up 6%, at 52-wk high on deal to supply drone parts to General Atomics
HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems.
 "HFCL up 6%, at 52-wk high on deal to supply drone parts to General Atomics")
SBFC Finance hits life high as CARE upgrades co's bank facilities' ratings
SBFC Finance's long-term fund-based term loan of Rs 2,100 crore was upgraded to 'AA-' with a stable outlook by CARE, while the rating on its Rs 1,400-crore bank facility was upgraded and withdrawn
 "SBFC Finance hits life high as CARE upgrades co's bank facilities' ratings")
Arkade Developers IPO: 50% listing gain on cards? Check GMP, expected price
Arkade Developers shares are expected to make their market debut with listing on the BSE, and NSE tomorrow; here's what GMP hints about listing
 "Arkade Developers IPO: 50% listing gain on cards? Check GMP, expected price")
Fusion Finance tanks 10%, hits record low on higher ECL provisioning in Q2
Fusion Finance said it may be required to make an estimated credit loss (ECL) provisioning between Rs 500 crore to Rs 550 crore in Q2FY25 as compared to Rs 348 crore provision in Q1FY25.
 "Fusion Finance tanks 10%, hits record low on higher ECL provisioning in Q2")
Hind Rectifiers hits 5% upper circuit on order from Indian Railways
Hind Rectifiers share price locked in 5 per cent upper circuit at Rs 856.65 per share on the BSE in Monday's intraday deals
 "Hind Rectifiers hits 5% upper circuit on order from Indian Railways")
Vodafone Idea soars 8% on Rs 30k-cr deal with Nokia, Ericsson, Samsung
Vodafone Idea concluded Rs 30,000 crore contracts with Nokia, Ericsson, and Samsung
 "Vodafone Idea soars 8% on Rs 30k-cr deal with Nokia, Ericsson, Samsung")
KEC International surges 3% after bagging orders worth Rs 1,003 cr; details
Shares of KEC International soared as much as 3.12 per cent on BSE at Rs 972.15 per share on Monday's intraday trade
 "KEC International surges 3% after bagging orders worth Rs 1,003 cr; details")
BHEL share gains 3% on bagging Rs 6,100-crore thermal power order from NTPC
The uptick in BHEL share price came after the company announced that it has secured an order worth Rs 6.100 crore from NTPC.
 "BHEL share gains 3% on bagging Rs 6,100-crore thermal power order from NTPC")
Adani Total Gas share up 7% on securing $375 mn funding to expand CGD biz
Adani Total Gas share price surged after the company announced that global lenders have provided funding worth $275 million to the company.
 "Adani Total Gas share up 7% on securing $375 mn funding to expand CGD biz")
Manba Finance IPO opens today: GMP up 50%; should you subscribe?
Manba Finance unlisted shares were trading at a premium of Rs 60 in the grey market, reflecting a 50 per cent gain over the IPO's upper end price of Rs 120, underscoring positive investor sentiment
 "Manba Finance IPO opens today: GMP up 50%; should you subscribe?")
Cochin Shipyard shares hits 10% upper circuit ahead of ex-dividend date
The uptick in the stock price is attributed to investors rushing to counter as the company's shares will trade ex-dividend date on Monday, September 23, 2024
 "Cochin Shipyard shares hits 10% upper circuit ahead of ex-dividend date")