 "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 520 - Si Reporter
Sensex slips 168 pts led by HDFC Bk, RIL, Nifty below 17900; IT pack shines
CLOSING BELL: IT majors Tech M, HCL Tech, Infosys, Wipro and TCS were the top Sensex winners, which gained up to 3 per cent
 "Sensex slips 168 pts led by HDFC Bk, RIL, Nifty below 17900; IT pack shines")
PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%
Motilal Oswal Financial Services believes that sustained and consistent performance on delivering healthy return ratios can result in further re-rating of the stocks.
 "PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%")
Sula Vineyards soars 10% on heavy volumes post Q3 sales update
The company said it recorded highest-ever quarterly gross billings overall, both for its own brands as well as wine tourism revenues in Q3FY23.
 "Sula Vineyards soars 10% on heavy volumes post Q3 sales update")
L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results
After the divestment of the mutual fund business, LTFH has proposed merger of its subsidiary lending entities - L&T Finance and L&T Infra Credit with itself
 "L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results")
Sensex ends 303 pts higher fueled by Infosys, ICICI Bank; Nifty near 17950
CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets
 "Sensex ends 303 pts higher fueled by Infosys, ICICI Bank; Nifty near 17950")
Stock of this AMC has zoomed over 100% in one week
The BSE said that the exchange sought clarification from Shriram Asset Management Company on January 12, 2023, with reference to Movement in price, however, the reply is awaited.
 "Stock of this AMC has zoomed over 100% in one week")
Titan Company slips 2% to hit over four-month low; down 14% from 52-wk high
The stock was trading at its lowest level since August 23, 2022 and has slipped 8% in the last eight trading days
 "Titan Company slips 2% to hit over four-month low; down 14% from 52-wk high")
Kolte-Patil Developers rallies 12% on highest-ever quarterly sales in Q3
The management said that this growth was achieved on the back of firm realisations and highest-ever quarterly sales volumes, which improved 102 per cent QoQ and 31 per cent YoY
 "Kolte-Patil Developers rallies 12% on highest-ever quarterly sales in Q3")
Archean Chemical hits highest level since debut; up 51% against issue price
The stock rallied 7% to hit a new high of Rs 612.70 in the intra-day trade today
 "Archean Chemical hits highest level since debut; up 51% against issue price")
Rail Vikas gains 13% in 3 days on securing orders worth of Rs 1,173 crore
On Wednesday, January 11, RVNL announced that the company bagged a Chennai Metro Rail project worth of Rs 1,134 crore and the project has to be completed in 1,065 days.
 "Rail Vikas gains 13% in 3 days on securing orders worth of Rs 1,173 crore")
L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T
LTTS said that it has agreed to acquire the Smart World & Communications business (SWC) of its parent company Larsen & Toubro (L&T) by way of slump sale for Rs 800 crore.
 "L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T")
Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%
CLOSING BELL: Broader markets, too, were subdued in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 per cent
 "Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%")
Paytm, Nykaa slide up to 9% after huge block deals at both counters
Till 01:53 PM, about 30.5 million shares, representing 4.7 per cent of the total equity of Paytm, had changed hands on the NSE
 "Paytm, Nykaa slide up to 9% after huge block deals at both counters")
Stock of this SME plastic products maker has zoomed 100% in 15 trading days
In past two days, the stock price of Captain Pipes has rallied 20% after the company said its board will meet on January 27 to consider stock split and bonus issue proposal.
Goldiam Int'l soars 16% after Ashish Kacholia buys stake in Dec quarter
As on December 31, 2022, Ashish Kacholia's stake in Goldiam International stood at 1.01%, against nil or below 1% at the end of September quarter, data shows.
 "Goldiam Int'l soars 16% after Ashish Kacholia buys stake in Dec quarter")
Sah Polymers debuts on strong note; lists at 31% premium to issue price
Post listing, the stock hit a high of Rs 89.25, up 37 per cent when compared with its issue price of Rs 65 per share.
 "Sah Polymers debuts on strong note; lists at 31% premium to issue price")
Varun Beverages extends fall on profit booking; stock slips 10% in 3 days
Any increase in GST/cess could adversely impact the consumption of carbonated drinks and other beverages, said ICICI Securities
 "Varun Beverages extends fall on profit booking; stock slips 10% in 3 days")
CARE Ratings surges 7%, hits 52-week high in subdued market
In past one month, the stock has outperformed the market by surging 20 per cent, as compared to 3 per cent decline in the Sensex.
 "CARE Ratings surges 7%, hits 52-week high in subdued market")
Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO
The company said Jain's appointment as MD and CEO will re-orient the brand's customer strategy and enhance operational efficiency
 "Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO")
Stock of this auto ancillary company has zoomed 38% in 3 days
In the past eight months, it has more-than-doubled or zoomed 203 per cent from Rs 116.05, which it had touched on May 12, 2022