 "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 588 - Si Reporter
New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5
 "New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600")
Surya Roshni slips 18% on heavy volumes; APL Apollo down 7% as Q3 sales dip
APL Apollo said Q3FY22 sales volume of 402,729 tons declined QoQ due to channel de-stocking in anticipation of steel price correction and extended monsoons, which impacted the construction activity.
 "Surya Roshni slips 18% on heavy volumes; APL Apollo down 7% as Q3 sales dip")
Textile shares rally on improved outlook; Sangam, Vardhman hit new highs
According to rating agency CRISIL, the domestic textile industry is firmly on course to recover in fiscal 2022 on the back of reopening of businesses, educational institutions and retail outlets.
 "Textile shares rally on improved outlook; Sangam, Vardhman hit new highs")
Share price of this defence company has zoomed 65% in 8 trading sessions
Shares of Apollo Micro Systems rallied 15 per cent on the BSE in Monday's intra-day trade amid back of heavy volumes to hit a fresh 52-week high of Rs 189.40
 "Share price of this defence company has zoomed 65% in 8 trading sessions")
Eicher Motors rallies 5% on strong Royal Enfield sales numbers for December
Royal Enfield brand reported 43 per cent rise in month-on-month sales of 73,739 units in the month of December 2021.
 "Eicher Motors rallies 5% on strong Royal Enfield sales numbers for December")
Sensex gains 620 pts, Nifty ends above 17,150; RIL, IT, banks shine
Stock market LIVE: A slew of positive macro economic data coupled with supportive overseas cues helped the markets rally today
 "Sensex gains 620 pts, Nifty ends above 17,150; RIL, IT, banks shine")
Supreme Inds, Balrampur, NBCC gain up to 6% on F&O inclusion from Dec 31
The move is expected to boost participation as investors and institutions can hedge underlying positions in the stock.
 "Supreme Inds, Balrampur, NBCC gain up to 6% on F&O inclusion from Dec 31")
Aurionpro Solutions hits 5% upper circuit for 5th straight day; here's why
The project valued close to Rs 190 cr received from High Court of Madhya Pradesh for the complete digitisation and implementation of video surveillance systems and live audio-visual streaming system
Go Fashion gains another 4% after stellar debut as FPIs purchase stake
On November 30, 2021, Nomura India Investment Fund Mother Fund and Nomura Funds Ireland have collectively purchased 1 million shares of Go Fashion at price of Rs 1,277.97 per share
 "Go Fashion gains another 4% after stellar debut as FPIs purchase stake")
IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE
According to a report, Hindujas are considering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks
 "IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE")
KEI Industries at record high, up 6%, stock has surged 25% in one month
House wires and stainless steel wires saw strong demand, which should continue in October-March period (H2FY22) as well, analysts
 "KEI Industries at record high, up 6%, stock has surged 25% in one month")
Vijay Kedia buys nearly 2% stake in Talbros Auto; stock zooms 32% in 2 days
On Tuesday, November 30, 2021, Vijay Kishanlal Kedia purchased 205,524 shares, representing 1.66 per cent stake in Talbros Automotive, via bulk deals on the NSE
 "Vijay Kedia buys nearly 2% stake in Talbros Auto; stock zooms 32% in 2 days")
Sensex, Nifty end with marginal losses; M&M rallies 5% post Q2 results
Among sectors, the BSE Auto index jumped 1.3 per cent. The Capital Goods, Energy and Oil & Gas indices were also up around a per cent each. The Metal index, however, was down 0.8 per cent
 "Sensex, Nifty end with marginal losses; M&M rallies 5% post Q2 results")
L&T hits new high on winning significant orders; stock up 11% in 6 days
The company's construction arm has secured significant orders (ranging between Rs 1,000 to Rs 2,500 crore) for its businesses in India.
 "L&T hits new high on winning significant orders; stock up 11% in 6 days")
Tata Motors DVR hits over 4-year high; stock surges 53% in one month
Tata Motors DVR surged 9% to Rs 292.70, its highest level since June 2017
 "Tata Motors DVR hits over 4-year high; stock surges 53% in one month")
This Jhunjhunwala-owned stock hits over 13-year high; rises 102% in 6 mths
Aptech rallied 9% to Rs 407, its highest level since January 2008.
 "This Jhunjhunwala-owned stock hits over 13-year high; rises 102% in 6 mths")
S H Kelkar and Co zooms 19% after 10% equity changes hands via block deals
At 09:15 am; around 14.12 million equity shares, representing 9.99 per cent of total equity of S H Kelkar and Company changed hands on the BSE, the exchange data shows.
 "S H Kelkar and Co zooms 19% after 10% equity changes hands via block deals")
TVS Motor soars 11%, nears record high on fund raise buzz for EV subsidiary
TVS Motor is in talks with a clutch of global private equity investors to raise $300-500 million for its electric vehicle subsidiary, reports suggest
 "TVS Motor soars 11%, nears record high on fund raise buzz for EV subsidiary")
Britannia Industries dips 5% on margin disappointment in Q2
The company said its operating margin contracted by 425 basis points (bps) to 14.09 per cent in Q2FY22 from 18.34 per cent in Q2FY21
 "Britannia Industries dips 5% on margin disappointment in Q2")
Canara Bank hits over 2-year high; stock zooms 62% from QIP price
The stock was up 6% to Rs 242.60 and has rallied 62% against qualified institutional placement (QIP) price of Rs 149.35 per share
 "Canara Bank hits over 2-year high; stock zooms 62% from QIP price")