 "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 506 - Si Reporter
Sensex snaps 3-day winning run, falls 542 pts; Nifty gives up 17,600
CLOSING BELL: M&M (down 3 per cent), RIL (down over 2 per cent), Bajaj Finserv, ICICI Bank, Maruti Suzuki, Tata Motors, Tech M, Bajaj Finance, TCS, ITC, Titan, and SBI were the top Sensex laggards
 "Sensex snaps 3-day winning run, falls 542 pts; Nifty gives up 17,600")
SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma
In November 2022, SeQuent had announced the acquisition of Tineta Pharma for Rs 218 crore but the said transaction has not materialised
 "SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma")
NTPC rallies 7% in 4 days, nears 52-week high on strong growth outlook
Power demand will continue to grow from January to June owing to summer demand
 "NTPC rallies 7% in 4 days, nears 52-week high on strong growth outlook")
Gokaldas Exports dips 4% after 13% equity changes hands via block deal
Till 09:23 AM, roughly 8.15 million equity shares, representing 13.5 per cent of the total equity of Gokaldas Exports, had changed hands on the NSE
 "Gokaldas Exports dips 4% after 13% equity changes hands via block deal")
Sensex gains 124 pts, Nifty tops 17,750; IndusInd Bank up 5%, Adani Port 3%
CLOSING BELL: Bottom fishing in select heavyweights lifted benchmark indices off lows, leading to a positive close for a third consecutive day on Wednesday
 "Sensex gains 124 pts, Nifty tops 17,750; IndusInd Bank up 5%, Adani Port 3%")
JSL, JSHL hit new highs ahead of merger; zoom over 100% in 6 months
Jindal Stainless (Hissar) has fixed Thursday, March 9, 2023, as the record date for its merger with Jindal Stainless with a swap ratio of 1: 1.95
 "JSL, JSHL hit new highs ahead of merger; zoom over 100% in 6 months")
Vardhman Special Steel soars 9% on starting production for Toyoto Group Co
The company said sales of these products for FY2023- 24 will be 10,000 MT approx and further increase with receipt of more approvals in next 2-3 years.
 "Vardhman Special Steel soars 9% on starting production for Toyoto Group Co")
Kirloskar Oil Engines surges 18%, hits over 5-yr high after huge block deal
As many as 25.62 million equity shares, representing 17.7 per cent of total equity, worth Rs 825 crore of KOEL changed hands on the NSE, the exchange data shows
Sugar shares in focus; Dwarikesh, Balrampur, Dhampur, Dalmia gain up to 5%
India has a cushion to export an additional 1 million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year
 "Sugar shares in focus; Dwarikesh, Balrampur, Dhampur, Dalmia gain up to 5%")
HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore
Hindustan Aeronautics received an order for 70 HTT-40 trainer aircraft worth over Rs 6,800 crore, while L&T bagged a contract worth Rs 3,100 crore for supply of three cadet training ships.
 "HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore")
Sensex up 415 pts, ends above 60K; Nifty tops 17,700; IT, auto stocks rally
CLOSING BELL: Tata Motors, NTPC, Power Grid, Infosys, Bajaj Finserv, Asian Paints, RIL, ITC, HDFC, Wipro, TCS, Axis Bank, HUL, and HCL Tech were the top Sensex gainers today
 "Sensex up 415 pts, ends above 60K; Nifty tops 17,700; IT, auto stocks rally")
Stock of this company hits over 3-decade high; zooms 55% in one month
Finolex Cables has rallied 10 per cent to Rs 847.60, and trades at its highest level since March 1992.
ONGC, Oil India gain 3%; hit over 8-month highs
In past one month, Oil India has rallied 23%, while, ONGC surged 11%, as compared to 0.33 per cent decline in the S&P BSE Sensex.
 "ONGC, Oil India gain 3%; hit over 8-month highs")
Power Grid Corp, NTPC gain 3% each to hit their respective 3-month highs
Power Grid has been declared a successful bidder to establish inter-state transmission system for two projects on build, own operate and transfer (BOOT) basis, in Chhattisgarh.
 "Power Grid Corp, NTPC gain 3% each to hit their respective 3-month highs")
Wonderla scales record high; Imagicaaworld at 52-wk peak, up 44% in 3 days
The companies said business continues to show an excellent rebound after two years of adverse Covid-19 impact and an overall improvement in the health of operations
 "Wonderla scales record high; Imagicaaworld at 52-wk peak, up 44% in 3 days")
Imagicaaworld zooms 27% in two days on launching Aquamagicaa in Surat
The company said business continues to show an excellent rebound after two years of adverse COVID-19 impact as well as overall improvement in the health of operations.
 "Imagicaaworld zooms 27% in two days on launching Aquamagicaa in Surat")
WPIL soars 10% on securing Rs 1,225 cr order from Madhya Pradesh Jal Nigam
Meanwhile, in the past one month, the stock of the industrial products company has zoomed 83 per cent after it reported robust December quarter (Q3FY23) results.
Techno Electric surges 9% on healthy growth outlook
The management expects growth momentum of business as well as execution to continue for the coming three years.
 "Techno Electric surges 9% on healthy growth outlook")
Nifty PSU Bank index surges 4% amid rebound in Adani group stocks
SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.
 "Nifty PSU Bank index surges 4% amid rebound in Adani group stocks")
Adani Group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake
The promoters plan to use the proceeds to retire debt and for other purposes.
 "Adani Group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake")