Page 471 - Si Reporter

Markets end at record closing highs; Sensex tops 67,500, Nifty nears 20,000

Closing Bell on July 20: The market discovered price of Jio Financial Services as Rs 261.85 per share, much higher than estimates

Dairy products' stocks rally post Hatsun Agro's Q1 results; Dodla zooms 20%

The industry is likely to benefit from the much-anticipated flush season during October-November 2023

Krsnaa Diagnostics slips 15% as Rajasthan NHM cancels agreement

The National Health Mission, Rajasthan has cancelled the letter of acceptance (LoA) for providing laboratory services in the state under the free diagnostics initiative on the hub and spoke model.

Newgen hits new high on strong Q1 results; zooms 126% so far in 2023

The company has reiterated its guidance of 20 per cent topline growth and EBITDA margin of 20-21 per cent in FY24.

ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club

FPIs increased their stake in ITC to 14.51 per cent at the end of the June quarter, up from 14.21 per cent seen at the end of March quarter

Dr Reddy's gains nearly 3% post completion of USFDA inspection at AP unit

The stock hit a fresh 52-week high at Rs 5,360, and has rallied over 19 per cent in less than two months.

RIL gains 2% as it trades ex-Jio Financial; JFS valued at Rs 262 on NSE

Jio Financial Services was valued at Rs 251 on the BSE and Rs 262 on the NSE, as the price of RIL (ex-JFS) settled at Rs 2,589 and Rs 2,580, respectively, on both the exchanges.

Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

This defence company's stock has soared 102% in 2 weeks; posts solid Q1 nos

Shares of Premier Explosives were locked in 10 per cent upper circuit after the company's Q1FY24 profit jumped over six-fold to Rs 8.26 crore

Tejas Networks hits new high, surges 9% ahead of June quarter results

Thus far in the calendar year 2023, the stock price of Tejas Networks has zoomed 53 per cent, as compared to 9.4 per cent rise in the S&P BSE Sensex

RIL near record high ahead of Jio Financial demerger; up 12% so far in July

Analysts value Jio Financial Services at Rs 161/share, which is 1x RIL's treasury stock valuation of Rs 1,087 billion or $13 billion

Rallis India trades flat day after Rekha Jhujhunwala offloads 5.5% stake

Tata Chemicals acquired 9.7 million shares of its subsidiary for Rs 208 crore through a bulk deal, with face value of Re 1 each at Rs 215.05 per equity share.

Polycab India enters top-100 most-valued firms' club; rallies 11% in 2 days

With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday morning.

IndusInd Bank surges 4% to highest level since Jan 2020 on healthy Q1 nos

The stock was trading at its highest level since January 2020 and has rallied nearly 30% in the past three months

Sensex ends choppy day 205 pts up; Nifty below 19,750; IT index sole gainer

Closing Bell on July 18: Infosys, HCL Tech, Reliance Industries, Hero MotoCorp, Bajaj Auto, ICICI Bank, Wipro, Bajaj Finserv, and Adani Enterprises were some of the notable gainers

Infosys surges 4% on signing a 5-year AI deal with $2 billion target spend

Infosys was trading at its highest level since March 2023. In the past four trading days, the stock has rallied 11 per cent after sector major TCS and HCL Tech released their Q1FY24 results

Sarda Energy hits new high, gains 4% on fixing record date for stock split

Since May 27, the day the Board approved the stock split decision, the stock price of the company has appreciated by 47 per cent

This Vijay Kedia-owned stock has zoomed over 70% in 3 days

Panasonic Energy India Company hit a near eight-year high at Rs 427, on rallying 20 per cent amid heavy volumes on the BSE.

Amara Raja Batteries tumbles 6% after almost 18% equity change hands

According to media reports, Clarios ARBL Holding was to sell its entire 14 per cent stake in the company though bulk-block deal mechanisms on stock exchanges at a floor price of Rs 651 per share.

Avenue Supermarts dips 4% on disappointing June quarter results

The company's consolidated net profit grew merely by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.