 "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 578 - Si Reporter
Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations
 "Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%")
Ruchi Soya gains 8% after listing of FPO shares; stock rises 17% in 2 days
Around 66.15 million equity shares, allotted in follow-on-public offering, started trading on the exchanges from today
 "Ruchi Soya gains 8% after listing of FPO shares; stock rises 17% in 2 days")
Sensex skids 575 pts, Nifty below 17,650; Tata Power sinks 4%, RIL 2%
CLOSING BELL: Adani Ports, Titan, HDFC, PowerGrid, Wipro, HDFC Bank, ONGC, PowerGrid, RIL, Bharti Airtel, TCS, Coal India, Tata Steel, and L&T fell between 1.5 per cent and 3.5 per cent
 "Sensex skids 575 pts, Nifty below 17,650; Tata Power sinks 4%, RIL 2%")
Hindustan Aeronautics scales new high on tie-up with Israel Aerospace
Under the pact, the company has partnered with IAI to convert civil (passenger) aircraft to multi mission tanker transport (MMTT) aircraft in India.
 "Hindustan Aeronautics scales new high on tie-up with Israel Aerospace")
YES Bank up 11%, hits 52-week as CARE Ratings upgrade outlook to 'positive'
The ratings agency upgraded the outlook to 'positive' on account of stable growth in deposits and advances
 "YES Bank up 11%, hits 52-week as CARE Ratings upgrade outlook to 'positive'")
Titan Company down 3% as Jewellery biz crawls in Q4 amid rising gold prices
The plain jewellery category bore the brunt of gold volatility in March 2022 leading to a slight decline for the quarter
 "Titan Company down 3% as Jewellery biz crawls in Q4 amid rising gold prices")
MTNL zooms 9% as govt defers merger with BSNL; stock up 26% so far in April
The merger of BSNL and MTNL, approved by the Union cabinet in October 2019, was a part of the revival package for both the telecom companies
 "MTNL zooms 9% as govt defers merger with BSNL; stock up 26% so far in April")
NTPC, PowerGrid hit life-time highs; soar up to 17% in the last five days
Significant rise in electricity consumption has pepped up the investors' interest at these counters.
 "NTPC, PowerGrid hit life-time highs; soar up to 17% in the last five days")
Uma Exports clocks robust debut, lists at 18% premium against issue price
Shares of Uma Exports listed at Rs 80 apiece on the BSE -- a 17.6 per cent premium against its issue price of Rs 68
 "Uma Exports clocks robust debut, lists at 18% premium against issue price")
IDFC to sell MF business to Bandhan-led consortium; stock tanks 7%
IDFC and IDFC Financial Holdings will sell their entire shareholding in IDFC AMC and IDFC AMC Trustee to a consortium led by Bandhan Financial Holding Limited for Rs 4,500 crore
 "IDFC to sell MF business to Bandhan-led consortium; stock tanks 7%")
Zee Ent slips over 3% on Invesco block deal buzz; stock recoups soon
The counter saw trades of around 124 million shares in the first couple of minutes of trade
 "Zee Ent slips over 3% on Invesco block deal buzz; stock recoups soon")
HDFC twins, IT stocks drag Sensex 566pts down; Nifty holds 17800; PSBs zoom
CLOSING BELL: HDFC Bank, HDFC, and HDFC Life were the biggest laggards on the 50-pack index as they fell between 2.5 per cent and 3.5 per cent
 "HDFC twins, IT stocks drag Sensex 566pts down; Nifty holds 17800; PSBs zoom")
HDFC Bank, HDFC down for 2nd day in a row; dip up to 11% from Monday's high
Shares of HDFC Bank and HDFC have fallen 6 per cent in the past two trading days
 "HDFC Bank, HDFC down for 2nd day in a row; dip up to 11% from Monday's high")
Sugar stocks sweeten; Dwarikesh, Dalmia Bharat, Triveni surge up to 10%
Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, KM Sugar, Andhra Sugar, Mawana Sugar and Shree Renuka Sugar surged 10 per cent to 15 per cent on the BSE.
 "Sugar stocks sweeten; Dwarikesh, Dalmia Bharat, Triveni surge up to 10%")
Ruchi Soya tanks 19% as board okays FPO allotment; down 28% in one week
Ruchi Soya on Tuesday said that board has approved the allotment of 66.15 equity shares of face value of Rs 2 each, for an amount aggregating to Rs 4,300 crore, pursuant to the FPO issue.
 "Ruchi Soya tanks 19% as board okays FPO allotment; down 28% in one week")
Vodafone Idea rises 7% on heavy volumes; gains 14% in last four days
The board of directors of the company on March 31, 2022 had approved the allotment of 3,383 million equity shares at Rs 13.30 per scrip to three promoters group entities for about Rs 4,500 crore.
 "Vodafone Idea rises 7% on heavy volumes; gains 14% in last four days")
Adani Group stocks hit fresh record highs on fund raising plan
The boards of directors of Adani Enterprises, Adani Transmission and Adani Green are scheduled to meet on Friday, April 8, 2022 to consider the proposal for raising of funds.
 "Adani Group stocks hit fresh record highs on fund raising plan")
Adani Group shares at lifetime highs; Adani Power zooms 92% in one month
Adani Wilmar has surged 61% in the last one month; Adani Total Gas and Adani Enterprises rallied 35 per cent and 33 per cent, respectively.
TCS gains 2% to hit 10-week high; stock nears all-time high
The company is scheduled to meet on Monday, April 11, 2022 to consider financial results for the quarter and full year ending March 31, 2022.
 "TCS gains 2% to hit 10-week high; stock nears all-time high")
Easy Trip Planners hits record high on heavy vols; stock up 20% in 2 days
The management asserts that strong demand uptick will bolster the travel industry.
 "Easy Trip Planners hits record high on heavy vols; stock up 20% in 2 days")