 "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 491 - Si Reporter
Sensex snaps 8-day winning run, ends 161 pts lower ahead of Fed outcome
CLOSING BELL: The NSE Nifty 50 settled with a loss of 58 points. IT, metal and energy stocks slipped, while FMCG shares ended on a firm note.
 "Sensex snaps 8-day winning run, ends 161 pts lower ahead of Fed outcome")
Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club
At 10:03 am; with a market cap of Rs 1.006 trillion, HAL claimed the 52nd spot in the overall market cap ranking, the BSE data shows
 "Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club")
IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy
Shares of InterGlobe Aviation, which runs the country's largest airline IndiGo, hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE.
 "IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy")
Astec LifeSciences tumbles 10% on loss in Q4; stock down 44% in six months
The company reported a net loss of Rs 5 crore for Q4FY23 as against a net profit of Rs 43.10 crore in a year ago period.
 "Astec LifeSciences tumbles 10% on loss in Q4; stock down 44% in six months")
Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine
CLOSING BELL: The NSE Nifty 50 gained 83 points. In the broader market, Midcap and Smallcap indices outperformed with gains of 0.7 per cent and 0.6 per cent, respectively.
 "Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine")
Datamatics hits 20% upper circuit on strong Q4FY23 results
In Q4FY23, the company's revenue increased 32.9 per cent year-on-year (YoY) and 11.7 per cent quarter-on-quarter (QoQ) at Rs 416.30 crore
 "Datamatics hits 20% upper circuit on strong Q4FY23 results")
Welspun India zooms 20% as investors cheer buyback plan, strong Q4 results
The board of Welspun India has approved a proposal for purchase of 16.25 million equity shares worth Rs 195 crore through a tender offer
 "Welspun India zooms 20% as investors cheer buyback plan, strong Q4 results")
M&M Financial Services soars 7%, hits 52-week high on strong Q4 results
On outlook, the management said the macro-economy tailwinds should help the sector and the company continue its growth journey
 "M&M Financial Services soars 7%, hits 52-week high on strong Q4 results")
RVNL surges 10% as JV emerges lowest bidder for project worth Rs 2,249 cr
In past one month, the stock has zoomed 73 per cent, as compared to 4 per cent rise in the S&P BSE Sensex.
 "RVNL surges 10% as JV emerges lowest bidder for project worth Rs 2,249 cr")
ONGC gains 3%, nears 52-week high as govt slashes windfall tax on crude oil
Technical analysts at ICICI Securities expect the stock to maintain positive bias and head towards Rs 171 levels in the coming sessions
 "ONGC gains 3%, nears 52-week high as govt slashes windfall tax on crude oil")
IDFC First Bank hits 52-week high; soars 6% on two-fold jump in Q4 net
The bank's Q4 net zoomed 134 per cent to Rs 802.62 crore from Rs 342.73 crore in the year ago period.
 "IDFC First Bank hits 52-week high; soars 6% on two-fold jump in Q4 net")
Adani stocks in focus amid Q4 results; Adani Green soars 5%, NDTV tanks 5%
Adani Total Gas and Ambuja Cements are scheduled to announce their Q4FY23 results today. Adani Wilmar will announce its Q4FY23 numbers on May 3; Adani Enterprises on May 4; and Adani Power on May 5
 "Adani stocks in focus amid Q4 results; Adani Green soars 5%, NDTV tanks 5%")
Blue Star jumps 5% on plans of bonus shares; board meet on May 04
The company will also announce its March quarter and FY23 earnings on Thursday.
 "Blue Star jumps 5% on plans of bonus shares; board meet on May 04")
Sensex soars 463pts, ends atop 61K; Nifty tops 18050; mid-, smallcaps shine
CLOSING BELL: Healthy buying in heavyweights like Reliance Industries, L&T, ITC, Kotak Bank, SBI, Bharti Airtel, TCS, and HDFC Bank lifted benchmarks on Friday
 "Sensex soars 463pts, ends atop 61K; Nifty tops 18050; mid-, smallcaps shine")
Tyre stocks in focus: Ceat, JK Tyre surge up to 11% on healthy margin hopes
Inherent to the tyre industry, raw material costs forms the largest cost head, accounting up to 65 per cent of the total cost, said analysts
 "Tyre stocks in focus: Ceat, JK Tyre surge up to 11% on healthy margin hopes")
L&T gains over 2%, hits record high on hopes of strong order inflows
L&T would be a key beneficiary of the government's infrastructure thrust and capex revival in private sectors.
 "L&T gains over 2%, hits record high on hopes of strong order inflows")
Glenmark Life rallies 10%, hits 52-week high on strong Q4FY23 results
In the past one month, the stock has zoomed 40 per cent as compared to a 5.4 per cent rise in the S&P BSE Sensex
 "Glenmark Life rallies 10%, hits 52-week high on strong Q4FY23 results")
Godrej Consumer, Raymond dip up to 6% day after reporting Rs 2,825 cr deal
The proceeds from the sale of FMCG business would be utilized for repayment of debt and infusing of funds in the Lifestyle business, Raymond said.
 "Godrej Consumer, Raymond dip up to 6% day after reporting Rs 2,825 cr deal")
Wipro gains 3% on announcing Rs 12,000 crore share buyback via tender route
The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route
 "Wipro gains 3% on announcing Rs 12,000 crore share buyback via tender route")
Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects
The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices
 "Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects")