 "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 524 - Si Reporter
Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100
CLOSING BELL: The BSE Metal index surged over 4.5 per cent amid reports of China further relaxing its zero Covid policy.
 "Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100")
Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000
CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.
 "Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000")
eClerx Services slips 7% on turning ex-date for buyback via tender offer
The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route
 "eClerx Services slips 7% on turning ex-date for buyback via tender offer")
Poonawala Fincorp surges 13% after a 15% decline in past four trading days
Motilal Oswal Financial Services recently initiated coverage on Poonawalla Fincorp with a 'buy' rating and a target price of Rs 350 per share
 "Poonawala Fincorp surges 13% after a 15% decline in past four trading days")
L&T gains 2% on 'significant' order wins for its water treatment business
The company did not disclose the exact value of the orders. The value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T
 "L&T gains 2% on 'significant' order wins for its water treatment business")
Dreamfolks hits new low, falls 35% from listing price on Covid-19 fears
With Monday's decline, the stock corrected 35 per cent from its listing day high value of Rs 550
 "Dreamfolks hits new low, falls 35% from listing price on Covid-19 fears")
Abans Holdings makes disappointing debut; tanks 19% below its issue price
The stock fell to a low of Rs 218.65 on the BSE, down 19% when compared with its issue price of Rs 270 per share.
 "Abans Holdings makes disappointing debut; tanks 19% below its issue price")
Landmarks Cars makes weak debut; stock lists 7% below issue price
Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45
 "Landmarks Cars makes weak debut; stock lists 7% below issue price")
Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%
Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively
 "Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%")
Nifty PSU Bank index tumbles over 5%; IOB, UCO, Central Bank tank 10%
With today's fall, the Nifty PSU Bank index has corrected 15 per cent from its 52-week high level of 4,617.40 touched on December 15
 "Nifty PSU Bank index tumbles over 5%; IOB, UCO, Central Bank tank 10%")
Ingersoll-Rand surges 5% in weak market on Rs 170-crore capex plan
New plant will not only help secure space for immediate expansion plans but will also fuel future growth prospects, the company said
 "Ingersoll-Rand surges 5% in weak market on Rs 170-crore capex plan")
Stock of this PSU pharma company has zoomed 61% in 3 days on heavy volumes
The stock was locked in the 20% upper circuit; around 1.4 million shares, representing 3.2 per cent of total equity of the pharmaceutical company, changed hands on bourses
 "Stock of this PSU pharma company has zoomed 61% in 3 days on heavy volumes")
Droneacharya Aerial sees stellar debut, lists at 89% premium to issue price
Post listing, the stock froze 5 per cent upper circuit at Rs 107.10 and almost doubled or zoomed 98 per cent from its issue price
 "Droneacharya Aerial sees stellar debut, lists at 89% premium to issue price")
Shankar Sharma at BFSI Summit: Budget 2023 shouldn't tinker with LTCG tax
Market closing: The S&P BSE Sensex dropped 241 points to end at 60,826 levels in a broad-based sell-off. The Nifty50 gave up the 18,150-mark to close at 18,127, down 72 points
 "Shankar Sharma at BFSI Summit: Budget 2023 shouldn't tinker with LTCG tax")
DCX Systems tanks 32% from listing day high; stock nears issue price
The stock slipped 9% to Rs 210.50 in Thursday's intra-day trade, was trading close to its issue price of Rs 207 per share on the BSE.
 "DCX Systems tanks 32% from listing day high; stock nears issue price")
Jyothy Labs rallies 9%, hits 4-year high in weak market
Notwithstanding the lockdowns due to the second wave of Covid-19 pandemic, the FMCG sector grew by 36.9 per cent in the April-June quarter of 2021.
 "Jyothy Labs rallies 9%, hits 4-year high in weak market")
This SME company stock has zoomed 519% in 3 months; declares bonus, split
Rhetan TMT's board has approved stock split from Rs 10 to Re 1 and also approved issue of 11 bonus shares for every 4 equity shares held by the equtiy shareholders as on 'Record Date'.
 "This SME company stock has zoomed 519% in 3 months; declares bonus, split")
Thyrocare surges 26% in two days amid fresh Covid-19 scare
Thyrocare is diagnostic chains that conduct an array of medical diagnostic tests and profiles of tests that centre on early detection and management of health disorders and diseases.
 "Thyrocare surges 26% in two days amid fresh Covid-19 scare")
Sula Vineyards makes tepid debut; lists at 1% premium to issue price
Post listing; the stock price of Sula Vineyards slipped to Rs 345.85, a 3 per cent discount to its issue price of Rs 357 per share on the BSE.
 "Sula Vineyards makes tepid debut; lists at 1% premium to issue price")
Triveni Turbine, Triveni Engg trade ex-date for buyback; shares dip 6%
These companies had fixed December 23, as the Record Date for the purpose of determining the entitlement and eligibility of share holders to in the share buyback.