Page 477 - Si Reporter

Fag-end buying lifts Sensex 159pts, Nifty atop 18,800; TaMo, HCL Tech up 3%

Closing Bell on June 20, 2023: Afternoon buying in Tata Motors, HCL Tech, Kotak Bank, RIL, Power Grid, Infosys, L&T, Axis Bank, TCS, and Tech M lifted the indices

Zee Entertainment slips 7% to hit 52-week low amid heavy volumes

The stock quoted its lowest level since September 2021, with over three-fold jumped in average trading volumes

Tata Motors nears record high on improved outlook; zooms 50% so far in 2023

Improved gross cash accruals and strong liquidity position with the management's focus to attain zero net auto debt is expected to lead to significant improvement in leverage and debt coverage metrics

Aurionpro up 5% as board approves preferential issue to Malabar India Fund

The board approved allotment of 255,000 equity shares and 425,000 warrants to Malabar India Fund and 45,000 equity shares and 75,000 warrants to Malabar Midcap Fund.

Stock of this auto ancillary company has zoomed over 60% so far in June

Shares of Jay Bharat Maruti hit a fresh 52-week high of Rs 269.25, as they rallied 4% on the BSE in Tuesday's intra-day trade in an otherwise a weak market.

IIFL Securities plunges 18% as Sebi bars onboarding new clients for 2 years

The SEBI has prohibited the Company from onboarding new clients for a period of two years in respect of its business as a stock broker.

Timken India cracks 11% after almost 16% equity change hands on BSE, NSE

The counter had seen combined traded volume of around 12 million shares in the first hour of trading amid reports of parent company to offload stake.

HDFC AMC surges 9% after 10% equity change hands via block deals

According media reports, Abrdn Investment Management, promoter of HDFC AMC, is likely to exit the company through sale of the entire 10.2 per cent stake

Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh

CLOSING BELL on June 19, 2023: The BSE Sensex whipsawed 527 points intra-day today

NBFCs in focus; Five Star, M&M Finance, CreditAccess rally up to 10%

According to Incred Research Services, their interactions with various MFI branches and experts indicate consistency in disbursement growth, primarily led by a surge in new customer acquisition

Bank of Baroda nears 52-wk high, up 3%; regains Rs 1 trillion m-cap

Analysts at ICICI Securities believe the bank will report credit growth in line with industry growth coupled with healthy margins and steady asset quality and, thus, aid RoA of around 1 per cent.

Skipper soars 15%, hits 52-week high on winning orders worth Rs 1135 crore

As on March 31, 2023, Skipper had order book position of Rs 4,551 crore, which constitutes 20 per cent exports and 80 per cent domestics orders

Ashok Leyland hits record high in subdued market; rallies 8% in two days

The company said it has partnered with 'Aidrivers' for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry

Shriram Finance jumps 7%, nears 52-week high on heavy volumes

Till 09:48 am; around 9.98 million shares, which represented 2.66 per cent of total equity of Shriram Finance have changed hands on the BSE, data shows

Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain

CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price

Stock of this ship building company has zoomed 50% thus far in June

Shares of Mazagon Dock Shipbuilders hit a new high of Rs 1,213.40, surging 15% on the BSE in Friday's intra-day trade. Over 8 per cent of total equity of the company changed hands on the NSE and BSE

ITC scales to fresh high, m-cap inches towards Rs 6 trillion-mark

ITC outperformed the market for the eight straight months, has rallied 37% thus far in the calendar year 2023, as compared to 3.8 per cent rise in the S&P BSE Sensex.

Heavy volumes lift Ashok Leyland 6%; investors pin hopes on better margins

The management expects margins to remain in double digits in FY24E on the back of pricing discipline, softening in commodity prices, and operating leverage gains

Kalyan Jewellers surges 12% after 6% equity change hands via block deals

About 6.41 million shares representing 6.2 per cent of total equity of the company changed hands on the NSE via block deals in pre-opening trade, the exchange data shows.

RK Forgings, Titagarh Rail hit record highs; stocks zoom up to 93% in CY23

Their consortium has won contract to supply 1.54 million forged wheels under Atmanirbhar Bharat Initiative by Ministry of Railways