 "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 573 - Si Reporter
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")
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
 "Adani Power m-cap hits Rs 1 trn-mark; AWL becomes 50th most-valued firm")
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")
Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
 "Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink")
Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz
The company's board is scheduled to meet on April 28 to consider a proposal for raising funds
 "Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz")
Borosil Renewables surges 13% ahead of board meet for fund raise
The company will mull fund raise, which may include issuance of equity shares or any other securities of the company, through preferential issue on a private placement basis.
 "Borosil Renewables surges 13% ahead of board meet for fund raise")
HCL Technologies gains 3% in a weak market post stellar Q4 results
HCL Tech has guided for revenue growth of 12-14 per cent CC in FY23 on the back of continued traction in the services business, healthy deal intake and deal pipeline.
 "HCL Technologies gains 3% in a weak market post stellar Q4 results")
Rallis India slumps 9% on disappointing Q4 results
The company reported a consolidated net loss of Rs 14 crore in March quarter on higher raw material cost.
 "Rallis India slumps 9% on disappointing Q4 results")
Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs
Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
 "Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs")
Adani Enterprises rallies 5%, hits record high; stock soars 27% in a month
Earlier this month, International Holding Co had agreed to invest $2 billion in three Adani Group companies including Adani Enterprises through the preferential allotment route
RIL m-cap nears Rs 19-trillion mark; stock surges 10% in 3 days
According to the BSE data, RIL m-cap stood at Rs 18.84 trillion at 01:16 PM, just a per cent away to claim the Rs 19 trillion feat.
 "RIL m-cap nears Rs 19-trillion mark; stock surges 10% in 3 days")
Gland Pharma advances 9% on heavy volumes; stock hits 9-week high
At 09:15 AM; around 5.42 million equity shares, representing 3.3 per cent of total equity of Gland Pharma, changed hands on the BSE
 "Gland Pharma advances 9% on heavy volumes; stock hits 9-week high")