 "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 541 - Si Reporter
F&O expiry: Nifty holds 16,800, Sensex dips 188 pts day ahead of RBI policy
CLOSING BELL: ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank sank
 "F&O expiry: Nifty holds 16,800, Sensex dips 188 pts day ahead of RBI policy")
Go Fashion hits record high on healthy outlook; up 100% against issue price
The stock hit a new high of Rs 1,373.90, and has nearly doubled against its issue price of Rs 690 per share
 "Go Fashion hits record high on healthy outlook; up 100% against issue price")
Sensex falls 509 pts, Nifty near 16,850; RIL, ITC shed 3%, pharma stocks up
CLOSING BELL: Among sectors, the Nifty Metal, and PSU Bank indices dipped 2 per cent each, while the Nifty Pharma index gained 0.6 per cent
 "Sensex falls 509 pts, Nifty near 16,850; RIL, ITC shed 3%, pharma stocks up")
Asian Paints gains 3%, hits 8-month high on hopes of margin improvement
A fall in raw material prices from their recent peak and improved product mix will help drive EBITDA margin for Asian Paints in the coming quarters, analysts said
 "Asian Paints gains 3%, hits 8-month high on hopes of margin improvement")
Cement stocks snap six-day losing streak; India Cements soars 10%
The higher demand will mitigate the impact of lower profitability on absolute operating profits and cash accruals of cement makers, cushioning their credit profiles, Crisil Research said
 "Cement stocks snap six-day losing streak; India Cements soars 10%")
ITI soars 10% as board plans to mull equity share issue to the government
The company has undertaken many initiatives or projects, in order to boost their turnover and implement the revival plan.
 "ITI soars 10% as board plans to mull equity share issue to the government")
Stock of this footwear company has zoomed 60% thus far in September
Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.
 "Stock of this footwear company has zoomed 60% thus far in September")
Torrent Pharma to acquire Curatio Healthcare for Rs 2,000 cr; stock down 6%
ICICI Securities is positive on Torrent's ability of faster integration and turnaround of acquired assets in the domestic space
 "Torrent Pharma to acquire Curatio Healthcare for Rs 2,000 cr; stock down 6%")
Indices fall for 5th day; Sensex dips 38pts, Nifty at 17K after choppy day
CLOSING BELL: Among sectors, defensives rose in trades today with the Nifty IT, FMCG, and Pharma indices advancing between 0.6 per cent and 0.9 per cent
 "Indices fall for 5th day; Sensex dips 38pts, Nifty at 17K after choppy day")
Bharat Gears trades ex-date for 1:2 bonus; stock zooms 20%
The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment
Tata Steel erases post merger gains; slips 7% in two days to hit 2-mth low
Tata Steel is now trading at its lowest level since the stock turned ex-date for a 1:10 stock split on July 28, 2022
 "Tata Steel erases post merger gains; slips 7% in two days to hit 2-mth low")
Tamil Nadu govt approves ordinance to ban online games; Nazara Tech dips 4%
On getting the Tamil Nadu governor's approval, the ordinance would be promulgated in the state, news agency ANI reported
 "Tamil Nadu govt approves ordinance to ban online games; Nazara Tech dips 4%")
City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%
Analysts expects overall gas demand from the CNG and DPNG sectors to grow at 15.7 per cent CAGR over FY22-27 supported by aggressive expansion in infrastructure.
 "City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%")
Aurobindo slips 6% in a week after arm receives EIR from USFDA
In the past six months, Aurobindo has underperformed the market by falling 31 per cent, as compared to a marginal 0.07 per cent decline in the S&P BSE Sensex.
 "Aurobindo slips 6% in a week after arm receives EIR from USFDA")
Metro Brands extends rally on strong outlook; zooms 69% in 2 months
Going forward, the growth momentum is expected to pick up and the footwear sector is estimated to reach Rs 1.4 trillion by FY 2024-25
 "Metro Brands extends rally on strong outlook; zooms 69% in 2 months")
Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up
CLOSING BELL: In the broader markets, the BSE MidCap index fell 2.85 per cent, and the BSE Smallcap index declined 3.33 per cent
 "Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up")
Shanthi Gears up 9%, hits record high in a weak market on healthy outlook
With no major debt-funded capex plans in the medium term, rating agency ICRA expects the company's debt coverage metrics and liquidity to remain strong
Piramal Enterprises slips 9% to hit 52-week low; stock slumps 11% in 2 days
In the past two days, the stock slipped 11 per cent after the RBI directed M&M Financial Services to immediately cease any recovery or repossession activities via an outsource till further orders.
IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns
In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.
 "IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns")
Hindustan Unilever gains 2%, hits over 11-month high in a weak market
In the past six months, the stock has rallied nearly 40 per cent, as against 0.34 per cent decline in the S&P BSE Sensex.
 "Hindustan Unilever gains 2%, hits over 11-month high in a weak market")