 "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 529 - Si Reporter
Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall
CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent
 "Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall")
GE Shipping hits new high on healthy outlook; zooms 126% thus far in 2022
In the past one month, the stock price of GE Shipping has soared 26% after the company reported an over three-fold jump in its consolidated net profit at Rs 731 crore in Q2FY23.
 "GE Shipping hits new high on healthy outlook; zooms 126% thus far in 2022")
The Ashok hotel valued at Rs 7,409 crore; ITDC freezes in 20% upper circuit
The government has fixed an indicative value for Delhi's iconic 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme.
 "The Ashok hotel valued at Rs 7,409 crore; ITDC freezes in 20% upper circuit")
Stock of this medical equipment company has tanked 74% so far in 2022
Shares of Nureca hit a 20-month low of Rs 562.50,down 3%, trading close to its record low of Rs 559.25 touched on March 19, 2021
 "Stock of this medical equipment company has tanked 74% so far in 2022")
Hariom Pipe hits all-time high as production kicks off for melting furnace
Shares of Hariom Pipe Industries (HPIL) rallied 12 per cent to hit an all-time high of Rs 313 amid heavy volumes after the company completed the set up of 15 ton electric melting furnace
 "Hariom Pipe hits all-time high as production kicks off for melting furnace")
Bikaji Foods m-cap crosses Rs 10,000 crore; stock 36% above issue price
At 10:33 am; the stock traded 6.8 per cent higher at Rs 405.35, with a market capitalisation of Rs 10,114 crore, the BSE data shows
 "Bikaji Foods m-cap crosses Rs 10,000 crore; stock 36% above issue price")
PNB surges 8% to hit 21-month high on govt's nod to divest stake in UTI AMC
PNB received the government's approval to divest its entire stake in UTI Asset Management Company (AMC) as part of its non-core asset sale plan and shore up its capital base.
 "PNB surges 8% to hit 21-month high on govt's nod to divest stake in UTI AMC")
F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500
CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls
 "F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500")
Indoco Remedies hits 8-month high on hopes of margin boost; stock surges 7%
In the past one week, it rallied 17 per cent, as against 0.35 per cent rise in the S&P BSE Sensex
 "Indoco Remedies hits 8-month high on hopes of margin boost; stock surges 7%")
Stock of this aerospace & defence company has zoomed 210% in 9 months
Shares of Rossell India rallied 16 per cent to hit an all-time high of Rs 371.80 on the BSE amid heavy volumes
 "Stock of this aerospace & defence company has zoomed 210% in 9 months")
Bank of India hits 17-month high on positive outlook; zooms 80% in 6 weeks
Rating agency Acuite Ratings & Research reaffirmed its rating of AA, revising the outlook to positive from stable for the bank's additional tier-1 bonds
 "Bank of India hits 17-month high on positive outlook; zooms 80% in 6 weeks")
Bikaji Foods hits new high, surges 10% for the second straight day
On November 16, Goldman Sachs India Equity Portfolio purchased 1.74 million equity shares of Bikaji Foods at Rs 324.50 per share via open market deals.
 "Bikaji Foods hits new high, surges 10% for the second straight day")
Fino Payments zooms 36% in 2 days as Capri Global buys 1.3 mn shares
On Wednesday November 23, Capri Global Holdings Private Limited bought 1.32 million shares representing 1.59 per cent of total equity of Fino Payments Bank via open market deals.
 "Fino Payments zooms 36% in 2 days as Capri Global buys 1.3 mn shares")
Keystone Realtors makes quiet debut, but analysts see long-term value
The stock listed at Rs 555, a 3 per cent premium to its issue price of Rs 541 per share on the NSE and BSE.
 "Keystone Realtors makes quiet debut, but analysts see long-term value")
Inox Green Energy makes dismal debut; lists at 8% discount over issue price
Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am; it was trading at Rs 61.60, down 5 per cent against its issue price
 "Inox Green Energy makes dismal debut; lists at 8% discount over issue price")
RHI Magnesita extends rally, zooms 36% in one week; stock hits record high
On Saturday, November 19, the company announced acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL) for Rs 1,708 crore
Stock of this beaten down fintech company zoomed 20% today on heavy volumes
Shares of Fino Payments Bank were locked in 20 per cent upper circuit at Rs 230.70 in Wednesday's intra-day trade
Adani Enterprises falls 3% as board to mull fund-raise on November 25
According to a Bloomberg report, the share sale for the fund raise could raise as much as $2.4 billion for the company
 "Adani Enterprises falls 3% as board to mull fund-raise on November 25")
HUDCO hits 52-week high on stable outlook; stock up 40% so far in November
Moody's Investor Service expects the HUDCO's liquidity and funding to remain stable over the next 12-18 months because of its status as a government-owned company
 "HUDCO hits 52-week high on stable outlook; stock up 40% so far in November")
Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12%
Shares of RCF, NFL, GSFC, GNFC, Chambal Fertilisers, and Zuari Agro Chemicals were up between 5 per cent and 12 per cent
 "Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12%")