 "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 448 - Si Reporter
Sensex, Nifty end flat; broader indices up; IT shares weak, Adani rallies
Closing Bell on Friday, November 24: 8 of 10 Adani Group stocks surged as Sebi presented its findings in the Adani-Hindenburg case
 "Sensex, Nifty end flat; broader indices up; IT shares weak, Adani rallies")
State-owned insurers rally up to 11%; GIC Re, New India hit 52-week highs
In an exchange filing on Thursday, GIC Re said that the global rating agency AM Best has revised the credit rating outlooks of GIC Re to positive from stable
 "State-owned insurers rally up to 11%; GIC Re, New India hit 52-week highs")
Stock of this B K Birla group company has zoomed 75% in four weeks
Kesoram Industries hit a 52-week high of Rs 129.43, gaining 5 per cent, on report that UltraTech Cement has expressed interest in acquiring cement assets of the company
 "Stock of this B K Birla group company has zoomed 75% in four weeks")
Sensex ends flat amid lacklustre trade; Hero Moto zooms 5%, Cipla tanks 8%
Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.
 "Sensex ends flat amid lacklustre trade; Hero Moto zooms 5%, Cipla tanks 8%")
SpiceJet hits 52-week high on heavy volumes; stocks surges 27% in 3 days
The average trading volumes at the counter jumped four-fold today, with 21.24 million equity shares changing hands on the BSE till 12:23 PM.
 "SpiceJet hits 52-week high on heavy volumes; stocks surges 27% in 3 days")
Honasa Consumer hits new peak, zooms 20% post strong Q2 earnings
The stock price of Honasa has zoomed 65 per cent from Rs 256.10 touched on November 10, in intra-day trade on the BSE.
 "Honasa Consumer hits new peak, zooms 20% post strong Q2 earnings")
Man Infraconstruction zooms 12% on plans to raise funds; up 162% since Apr
The company said its board will meet on November 29 to consider the proposal for raising of funds by way of issue of one or more of instruments comprising of equity shares, etc.
 "Man Infraconstruction zooms 12% on plans to raise funds; up 162% since Apr")
CG Power zooms 20% on plan to set-up subsidy-backed new semiconductor unit
The company today filed an application seeking government nod to set up an Outsourced Semiconductor Assembly and Test (OSAT) facility and the grant of subsidy for the said project.
 "CG Power zooms 20% on plan to set-up subsidy-backed new semiconductor unit")
Sensex ends 92 pts up amid volatility, Nifty tops 19,800; Infy, ITC gain 1%
Closing Bell on Wednesday, November 22, 2023: The BSE MidCap index gained 0.3 per cent, while the SmallCap slipped 0.6 per cent. Tata Tech and Gandhar Oil IPOs received strong response on Day 1.
 "Sensex ends 92 pts up amid volatility, Nifty tops 19,800; Infy, ITC gain 1%")
Tata Technologies, Gandhar Oil IPO subscribed 2x on Day 1 so far
Flair Writing Industries was also off to a decent start, while FedBank Financial Services witnessed sedate demand so far.
 "Tata Technologies, Gandhar Oil IPO subscribed 2x on Day 1 so far")
IFGL Refractories hits new high; zooms 87% in 1 month on solid Q2 results
The stock was trading higher for the fourth straight day, surging 26 per cent during the period.
 "IFGL Refractories hits new high; zooms 87% in 1 month on solid Q2 results")
Markets snap 2-day losing run; Sensex rises 276 pts, Nifty nears 19,800
Closing Bell on Tuesday, November 21: Among sectors, the Nifty Metal index rallied 1.22 per cent, followed by the Nifty Realty (1.13 per cent), and the Nifty Media (1.12 per cent)
 "Markets snap 2-day losing run; Sensex rises 276 pts, Nifty nears 19,800")
DCX Systems hits new high; stock zooms 27% in 1 week on fund raising plan
DCX Systems has bounced 162 per cent from its 52-week low level of Rs 138.90 touched on March 28
 "DCX Systems hits new high; stock zooms 27% in 1 week on fund raising plan")
Vascon Engineers zooms 8% on Rs 357 cr order win; up 240% so far in FY24
The company received a Letter of Intent worth Rs 356.78 crore from Municipal Secretary's Department of Pimpri-Chinchwad for construction of General Hospital Building in Pune.
 "Vascon Engineers zooms 8% on Rs 357 cr order win; up 240% so far in FY24")
Titagarh Rail up 12%, hits record high on pact with ABB for metro projects
Titagarh Rail said the partnership, aligned with the Indian government's "Make in India" and "Atmanirbhar Bharat" (self-reliant India) initiatives, has already had an early success
 "Titagarh Rail up 12%, hits record high on pact with ABB for metro projects")
Prataap Snacks zooms 30% in two days as GDN Investments buys 1% stake
On Monday, as many as 1.61 million shares representing 6.8 per cent of total equity of Prataap Snacks changed hands on the NSE, the exchange data shows.
 "Prataap Snacks zooms 30% in two days as GDN Investments buys 1% stake")
Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks
Closing Bell on Monday, November 20, 2023: In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent
 "Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks")
Tata Investment extends rally on huge volumes; stock up 41% in two days
A combined 4.35 million equity shares representing 8.6 per cent of total equity of TICL had changed hands on the NSE and BSE till 02:14 PM.
 "Tata Investment extends rally on huge volumes; stock up 41% in two days")
Newgen Software locks at 5% upper limit, hits new high on bonus issue plan
Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows
 "Newgen Software locks at 5% upper limit, hits new high on bonus issue plan")
HCL Tech hits 52-week high, rallies 6% in 4 days; stock nears record high
Looking ahead, based on the bookings and all the deals that the company has signed, the management expects very healthy growth in Q3 and Q4
 "HCL Tech hits 52-week high, rallies 6% in 4 days; stock nears record high")