 "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 442 - Si Reporter
Sensex rises 612 pts ahead of interim Budget, US Fed; all sectors gain
Stock market highlights on Wednesday, January 31: In the broader markets, the BSE MidCap and SmallCap indices advanced 1.57 per cent and 1.83 per cent, respectively
 "Sensex rises 612 pts ahead of interim Budget, US Fed; all sectors gain")
Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy's, Policybazaar, Coromandel
Stocks to watch on January 31, 2024: Nova Agri Tech will make its debut today. The issue price is Rs 41
 "Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy's, Policybazaar, Coromandel")
Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3%
Stock market highlights on Tuesday, January 30: In the broader markets, the BSE SmallCap index clutched on to its gains as it ended 0.11 per cent higher
 "Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3%")
EPACK Durable lists at 4% discount to issue price on NSE
Post listing, the stock price of household appliances company fell to Rs 211.20, down 8 per cent when compared to its issue price of Rs 230 per share.
 "EPACK Durable lists at 4% discount to issue price on NSE")
Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%
Stock market highlights on Monday, January 29: Tata Motors (up 3.7 per cent), Power Grid, L&T, NTPC, Kotak Bank, Ultratech Cement, Titan, Sun Pharma, Axis Bank, and HDFC Bank were other top gainers
 "Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%")
AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results
The bank's Gross Non-Performing Assets (GNPAs) rose to 1.98 per cent in Q3FY24 from 1.81 per cent in Q3FY23 and 1.91 in Q2FY24
 "AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results")
HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%
LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025
 "HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%")
Tech Mahindra slips 6% as investors book profit post Q3FY24 results
Ahead of the result, the stock rallied 13 per cent in two weeks. It had hit a 52-week high of Rs 1,416 on January 23
 "Tech Mahindra slips 6% as investors book profit post Q3FY24 results")
F&O expiry: Nifty ends Jan series near 21,350; Sensex drops 360 pts
Stock market highlights on January 25, 2024: The frontlines were dragged by Tech M, Axis Bank, Bharti Airtel, HCL Tech, Kotak Bank, HDFC Bank, Wipro, Asian Paints
Sensex zooms 690 pts, Nifty tops 21,450; broader indices gain nearly 2%
Stock market highlights on January 24, 2024: The pockets that helped the markets end higher were metals, PSU banks, pharma, and FMCG stocks
 "Sensex zooms 690 pts, Nifty tops 21,450; broader indices gain nearly 2%")
TRIL freezes at 20% upper limit; hits new high on healthy business outlook
The company had a strong order book position of Rs 2,572 crore as on December 31, 2023 (Q3FY24).
 "TRIL freezes at 20% upper limit; hits new high on healthy business outlook")
Axis Bank sinks 6% in sharpest fall in 5 months; Motilal downgrades stock
MOFSL said an elevated CD ratio will constrain credit growth, while continued re-pricing of deposits will likely exert pressure on margins in the coming quarters.
 "Axis Bank sinks 6% in sharpest fall in 5 months; Motilal downgrades stock")
Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%
Stock market highlights on Tuesday, January 23: The BSE MidCap and SmallCap indices fell nearly 3 per cent each. Sectorally, the Nifty Media index crashed 13 per cent
 "Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%")
Medi Assist Health sees decent debut, lists at 11% premium over issue price
Post listing, the stock moved 24 per cent higher to Rs 518 on NSE. It hit a high of Rs 509.60 on the BSE in intra-day trade
 "Medi Assist Health sees decent debut, lists at 11% premium over issue price")
Persistent Systems zooms 10% on strong Q3 results; okays 1:2 stock split
In past 6 months, the stock price of Persistent Systems has zoomed nearly 80 per cent. In comparison, the S&P BSE Sensex was up 8 per cent during the same period.
 "Persistent Systems zooms 10% on strong Q3 results; okays 1:2 stock split")
Sensex falls 260 pts in fag-end, Nifty holds 21,550; FMCGs crack, PSBs soar
Stock market highlights on January 20, 2024: Among sectors, the Nifty IT, and FMCG indices fell 1 per cent each, while the Nifty PSU bank index added 1.9 per cent
 "Sensex falls 260 pts in fag-end, Nifty holds 21,550; FMCGs crack, PSBs soar")
Ganesh Housing zooms over 50% in 4 days as Q3 net profit jumps three-fold
In Q3FY24, Ganesh Housing's profit after tax grew 232 per cent year-on-year to Rs 100.60 crore
 "Ganesh Housing zooms over 50% in 4 days as Q3 net profit jumps three-fold")
Hindustan Unilever slips 3%; hits 2-month low post December quarter results
The company said weak rural consumer sentiment and delayed winter were behind its underwhelming performance.
 "Hindustan Unilever slips 3%; hits 2-month low post December quarter results")
Bharti Airtel hits fresh peak, soars 5% on hopes of tariff hikes in 2024
Telecom operators raised tariffs in 2019 and 2021 and analysts at BNP Paribas expect tariff hike in mid-2024 after the general elections
 "Bharti Airtel hits fresh peak, soars 5% on hopes of tariff hikes in 2024")
Railway-related stocks rally up to 18%; IRFC m-cap crosses Rs 2 trillion
RVNL, IRFC, IRCON International, NBCC, RailTel Corporation of India and Texmaco Rail & Engineering were up in the range of 5% to 18%.
 "Railway-related stocks rally up to 18%; IRFC m-cap crosses Rs 2 trillion")