 "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 572 - Si Reporter
Sensex slips 537pts on weak global cues, Nifty holds 17K; Bajaj Fin dips 7%
CLOSING BELL: Life Insurance Corporation of India (LIC) will come out with its IPO on May 4
 "Sensex slips 537pts on weak global cues, Nifty holds 17K; Bajaj Fin dips 7%")
Ruchi Soya extends rally in a weak market; zooms 72% against FPO price
The stock was up 7% to Rs 1,115, and has zoomed 72% against FPO price of Rs 650 on the BSE
 "Ruchi Soya extends rally in a weak market; zooms 72% against FPO price")
Schaeffler India surges 6%; hits new high on strong March quarter results
In Q1CY22, the company's profit after tax jumped 48 per cent year-on-year(yoy) to Rs 207 crore from Rs 140 crore in Q1CY21.
 "Schaeffler India surges 6%; hits new high on strong March quarter results")
Veranda Learning freezes at 10% upper circuit; up 67% against issue price
In the past two days, the stock has rallied 15% after the company signed a definitive agreement to acquire T.I.M.E. (Advanced Educational Activities Pvt Ltd) for a consideration of Rs 287 crore
 "Veranda Learning freezes at 10% upper circuit; up 67% against issue price")
Bajaj Finance slips 5% despite strong Q4FY22 results
Brokerage firm Motilal Oswal Financial Services expects net interest margins (NIMs) to compress in FY23 due to yield pressure and higher borrowing cost.
 "Bajaj Finance slips 5% despite strong Q4FY22 results")
CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns
The board has accepted the resignation of Ajay Mahajan as the MD & CEO of the company due to personal reasons.
 "CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns")
Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb
At 10:40 AM, AWL up 5 per cent stood at 50th position in overall market-cap ranking with a m-cap of Rs 1.04 trillion, BSE data shows.
 "Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb")
RIL, Bajaj Finance power 777-pt rally in Sensex; Nifty holds 17,200
CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively
 "RIL, Bajaj Finance power 777-pt rally in Sensex; Nifty holds 17,200")
Adani Enterprises hits new life-time high, stock up 5% on heavy volume
According to a Bloomberg report, Gautam Adani's conglomerate is in advanced talks to acquire Holcim Ltd.'s businesses in India.
 "Adani Enterprises hits new life-time high, stock up 5% on heavy volume")
The stock of this civil construction company has zoomed 147% in a month
On April 12, the board of Simplex Infra approved fund raise of up to Rs 421.80 crore by issuing shares and warrants to Swan Construction, a non-promoter group company on a preferential basis.
 "The stock of this civil construction company has zoomed 147% in a month")
Footwear shares rally upto 18% after Campus IPO opens for subscription
Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).
 "Footwear shares rally upto 18% after Campus IPO opens for subscription")
Meghmani Finechem zooms 28% in two trading sessions post robust Q4 results
Q4 ebitda margin was up by 405 bps to 35 per cent on the back of strong operational efficiency and internal cost control measures.
 "Meghmani Finechem zooms 28% in two trading sessions post robust Q4 results")
Mahindra CIE surges 13% on stable operational performance in March quarter
In Q1, standalone EBITDA margin improved 310 basis points (bps) to 15.5 per cent from 12 per cent in Q4.
 "Mahindra CIE surges 13% on stable operational performance in March quarter")
Adani Power m-cap hits Rs 1 trn-mark; AWL becomes 50th most-valued firm
With Rs 1.05 trillion, Adani Power is the sixth Adani Group company which has touched the Rs 1-trillion m-cap milestone
Ambuja Cements hits over 3-month high; rallies 29% thus far in April
Holcim Ltd., the world's biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements.
 "Ambuja Cements hits over 3-month high; rallies 29% thus far in April")
ICICI, HDFC Bank lift Sensex off lows, ends 617pts down; Tata Steel dips 4%
CLOSING BELL: Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers, rising up to 2 per cent
 "ICICI, HDFC Bank lift Sensex off lows, ends 617pts down; Tata Steel dips 4%")
BPCL falls 6% on report that government may revisit privatisation plan
The government holds 53% stake in BPCL and is planning to sell its entire stake
 "BPCL falls 6% on report that government may revisit privatisation plan")
Hindustan Zinc dips 6% post March quarter results
Brokerage firm Motilal Oswal Financial Services believes Hindustan Zinc to reach peak mine output after management guides flat production growth in FY23.
 "Hindustan Zinc dips 6% post March quarter results")
Future Group shares tank up to 20% as Reliance calls off deal
Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.
 "Future Group shares tank up to 20% as Reliance calls off deal")
HUL, Britannia, Marico drop up to 6% as Indonesia bans palm oil exports
Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.
 "HUL, Britannia, Marico drop up to 6% as Indonesia bans palm oil exports")