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.
CLOSING BELL: Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 per cent. This was followd by losses in the Nifty Realty, Pharma, and Media indices, down over 1 per cent each
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
In the past one month, the market prices of RCF, MFL, FACT and NFL have surged in the range of 38 per cent to 60 per cent on the BSE
In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
DIPAM extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of the Bank to January 7 2023 from December 16 2022.
The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.
CLOSING BELL: The broader markets, on the other hand, outperformed the benchmark indices as the BSE MidCap and SmallCap indices advanced 0.59 per cent and 0.68 per cent, respectively
Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'
In the past one month, shares of New India Assurance Company (up 30 per cent) and GIC Re (up 18 per cent) outperformed the S&P BSE Sensex, which was up less than 2 per cent during the period
Morgan Stanley has initiated the coverage on YES Bank with 'underweight' rating and a price target of Rs 20.50 per share
In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
With strong focus in enquiry generation and aggressive coverage plans, both in domestic and international markets, the management expect to convert large opportunities in the imminent future.
CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index
Macrotech Developers' promoters have raised Rs 3,547 crore by selling shares around 7.2% of the company's equity share capital to institutional investors at the offer price of Rs 1,026 per share
With this recent gain, the stock quoted 41 per cent higher against its issue price of Rs 87 per share
At 12:52 pm; with market-cap of Rs 57,380 crore, YES Bank stood at 92nd position in overall market-cap ranking, the BSE data shows
The stock had recently made a decent debut, with its shares listed at Rs 266 - a 12 per cent premium to its issue price.
Meanwhile, Jaiprakash Associates dipped 8 per cent to Rs 10.81, falling 13 per cent from its intra-day high, and Jaiprakash Power Ventures declined 5 per cent to Rs 7.90 on the BSE.