 "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 489 - Si Reporter
Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead
CLOSING BELL: The fag-end rally was powered by IndusInd Bank, Bajaj Finance, Tata Motors, Reliance Industries, HDFC Bank, Maruti Suzuki, and Bajaj Finserv
 "Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead")
SCI soars 8% on near 3-fold jump in Q4 net
The shipping major reported a 183.9 per cent jump in Q4FY23 net profit to Rs 359.83 crore when compared with Rs 126.74 crore in Q4FY22
 "SCI soars 8% on near 3-fold jump in Q4 net")
Sensex, Nifty end flat after choppy day; Indiabulls RE sinks 20%, Zomato 6%
CLOSING BELL: Among sectors, the Nifty PSU Bank index fell nearly 3 per cent, followed by the Nifty Realty index (close to 1 per cent)
 "Sensex, Nifty end flat after choppy day; Indiabulls RE sinks 20%, Zomato 6%")
Stock of this iron & steel products company has zoomed 102% in six weeks
Till 02:48 PM; a combined 9.8 million equity shares or 6.5 per cent of total equity of the company changed hands on the NSE and BSE.
 "Stock of this iron & steel products company has zoomed 102% in six weeks")
Birlasoft soars 9% on heavy volumes post better-than-expected Q4 results
Deal signings during the quarter at $286 million TCV have been the best during the year under review, Birlasoft said
 "Birlasoft soars 9% on heavy volumes post better-than-expected Q4 results")
BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex
ABB, Alkem Lab, AU SFB, Cholamandalam Investment, Glenmark Pharma, IDFC First Bank, IGL, Indian Hotels, M&M Financial and Varun Beverages (VBL) hit their respective 52-week highs on the BSE.
 "BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex")
Apar Industries slips 18% on profit booking posts Q4 results
In past one year, the stock zoomed 341 per cent, as against 14 per cent rise in the S&P BSE Sensex.
 "Apar Industries slips 18% on profit booking posts Q4 results")
Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4
The board recommended a final dividend of Rs 16 per equity share having face value of Rs 10 each (i.e. 160 per cent) for FY23.
 "Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4")
Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus
The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.
 "Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus")
Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip
CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each
 "Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip")
This smallcap glass container firm has made investors richer by 5x in 5 yrs
Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock's 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent)
 "This smallcap glass container firm has made investors richer by 5x in 5 yrs")
Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23
The company's March quarter net profit more-than-halved, dropping 54.6 per cent, to Rs 69.56 crore on a year-on-year (YoY) basis
 "Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23")
MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%
The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month
 "MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%")
Marico zooms 9% on steady Q4 performance; brokerages upgrade stock
Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'.
 "Marico zooms 9% on steady Q4 performance; brokerages upgrade stock")
Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4
The company is primarily engaged in the manufacturing of electric buses and composite polymer insulators
 "Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4")
Equitas Small Finance Bank zooms 8% on solid March quarter results
Equitas SFB reported a 58 per cent jump in its net profit for the March quarter at Rs 190 crore, which was the lender's highest-ever profit
 "Equitas Small Finance Bank zooms 8% on solid March quarter results")
Coal India down 3% as Q4 net drops on higher wages; analysts remain divided
Coal India set aside a provision of Rs 5,870.16 crore towards wages
 "Coal India down 3% as Q4 net drops on higher wages; analysts remain divided")
Federal Bank slumps 8% despite record profit of Rs 903 cr in Q4; here's why
Net interest margin (NIM) contracted to 3.31 per cent vs 3.49 per cent QoQ
 "Federal Bank slumps 8% despite record profit of Rs 903 cr in Q4; here's why")
CEAT rallies over 5% in weak market on 5-fold jump in Q4 net
The tyre-maker reported 420.7 per cent surge in Q4 net profit to Rs 132.42 crore for the quarter ended March 2023 as against Rs 25.43 crore in the year ago period.
 "CEAT rallies over 5% in weak market on 5-fold jump in Q4 net")
Investors book profit in BHEL; stock slides 7% after soaring 26% in a month
BHEL has bagged numerous orders over the past few months, keeping analysts bullish on the stock
 "Investors book profit in BHEL; stock slides 7% after soaring 26% in a month")