 "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 467 - Si Reporter
Sensex snaps 3-day losing run, up 481 pts; Nifty holds 19,500; SBI down 3%
Closing Bell on August 4: Among sectors, the Nifty IT index added 1.45 per cent, while the Nifty PSU Bank index fell 0.86 per cent
 "Sensex snaps 3-day losing run, up 481 pts; Nifty holds 19,500; SBI down 3%")
Eicher Motors rallies 3% on record Q1 earnings
The company's net profit jumped 50 per cent YoY to Rs 918 crore, its highest-ever quarterly profit; backed by a 17 per cent growth in revenue at Rs 3,986 crore.
 "Eicher Motors rallies 3% on record Q1 earnings")
Dabur soars 7%, nears 52-week high as Q1 results boasts of rural recovery
According to the management, with a little negative impact from beverage portfolio, mid-single volume growth should be possible in the near term in the India business
 "Dabur soars 7%, nears 52-week high as Q1 results boasts of rural recovery")
Sensex slips 542 pts, Nifty holds 19,350; Vedanta sinks 7%, Adani Ent up 2%
Closing Bell on August 3: 39 of the 50 Nifty stocks ended in the negative zone led by Titan, Bajaj Finserv, ONGC, ICICI Bank, Nestle India, Ultratech Cement
 "Sensex slips 542 pts, Nifty holds 19,350; Vedanta sinks 7%, Adani Ent up 2%")
MRF gains 4%, hits new high in weak market on strong Q1 results
The benefits of lower raw material cost resulted in better profitability during the quarter
 "MRF gains 4%, hits new high in weak market on strong Q1 results")
KSB zooms 19% in a weak market on healthy June quarter performance
The Government's focus on irrigation projects, drinking water supply, sanitisation projects and urban housing is expected to drive the demand for pumps in the water segment
 "KSB zooms 19% in a weak market on healthy June quarter performance")
Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023
The company's revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23)
 "Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023")
FDC surges 10% as board to consider buyback on August 9
Since April, the stock price of FDC has appreciated 48 per cent as compared to 11.2 per cent rise in the S&P BSE Sensex
 "FDC surges 10% as board to consider buyback on August 9")
UPL slips 5%, hits over 2-year low on weak June quarter results
The management said the market is witnessing pricing pressure given the high base of previous year and aggressive price competition has seen from the Chinese post patent exporters.
 "UPL slips 5%, hits over 2-year low on weak June quarter results")
Titan dips nearly 3% on disappointing Q1 operational performance
Heightened competitive scenario has led to company lowering its making charges in a bid to sustain market share gains during the quarter.
 "Titan dips nearly 3% on disappointing Q1 operational performance")
Vedanta slips 9%, nears 52-week low on huge block deals
Till 09:52 am; around 371.7 million equity shares, which represented 5.6 per cent of Vedanta's total equity changed hands on the NSE and BSE
 "Vedanta slips 9%, nears 52-week low on huge block deals")
Sensex sinks 677pts, Nifty nears 19,500 amid global rout; all sectors bleed
CLOSING BELL on August 2, 2023: Equity markets roiled under global pressure on Wednesday after rating agency Fitch downgraded credit rating of the US
 "Sensex sinks 677pts, Nifty nears 19,500 amid global rout; all sectors bleed")
Sula Vineyards slips 8% on Rs 116-crore excise duty notice from Maha govt
The company said the order does not affect the existing business or the activities of the company
 "Sula Vineyards slips 8% on Rs 116-crore excise duty notice from Maha govt")
Sanghi Ind freezes at 5% upper circuit as Ambuja eyes buying majority stake
The acquisition would further strengthen the presence of Ambuja-ACC in the Western market (whose current share is 20 per cent), according to ICICI Securities
 "Sanghi Ind freezes at 5% upper circuit as Ambuja eyes buying majority stake")
Redington sinks 6% amid weak June quarter results
Redington reported a 21.2 per cent year-on-year decline in consolidated net profit at Rs 248.8 crore in Q1FY24. Ebitda margin fell 100bps YoY to 2 per cent
 "Redington sinks 6% amid weak June quarter results")
GE Power gets LoI for contact worth of Rs 444 crore; stock surges 13%
Thus far in the financial year 2023-24, the stock has outperformed the market by zooming 82 per cent as against 12 per cent rise in the S&P BSE Sensex
 "GE Power gets LoI for contact worth of Rs 444 crore; stock surges 13%")
Ambuja Cements Q1FY24 profit up 31% YoY to Rs 1,135 crore, margins expand
Ambuja Cements Q1FY24 results: Shares of Ambuja Cement slipped 2 per cent in the intra-day trade to Rs 452 apiece
 "Ambuja Cements Q1FY24 profit up 31% YoY to Rs 1,135 crore, margins expand")
Campus Activewear tumbles 7%, dips below IPO price amid huge block deals
The stock crashed below its issue price of Rs 292 per share, as it hit a record low of Rs 282.45 on Wednesday.
 "Campus Activewear tumbles 7%, dips below IPO price amid huge block deals")
Bikaji Foods hits 52-week high, jumps 5% as Q1 net soars 164%
The company posted a 164 per cent YoY surge in Q1FY24 net profit at Rs 41.40 crore, backed by a 15 per cent growth in revenue.
 "Bikaji Foods hits 52-week high, jumps 5% as Q1 net soars 164%")
Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month
The management hailed the Q1 performance and said that the demand for wealth management services has increased significantly due to availability of a wide range of investment options
 "Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month")