Page 591 - Si Reporter

Sensex slips 109pts; Broader markets outperform, Allcargo zooms 20%

Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday

Bayer CropScience drops to 52-week low, down 7% on weak Q2 results

To commemorate Bayer's presence in India for 125 years, the board has declared a special dividend of Rs 125 per equity share of Rs 10 each for the financial year 2021-22

Gokaldas Exports hits third straight 5% upper circuit on strong Q2 results

The company reported 3-fold jump in Q2FY22 consolidated net at Rs 28.61 crore as against a profit of Rs 8.66 crore in a year ago quarter

PI Industries plunges 8% on termination of Ind-Swift slump sale agreement

The agreement had to be cancelled due to non-completion of several pre-agreed conditions precedents by Ind-Swift Labs

Tata Motors shrugs Q2 loss, stock up 5% on good JLR operational performance

JLR expects the EBIT margin and free cash flow (before restructuring costs) to turn positive in the second half of Fiscal 2022

Fag-end buying in IT, banks lifts Sensex 831 pts at 60,138, Nifty at 17,930

The broader markets also logged strong gains, with the Midcap index up 1.8 per cent and the Smallcap index adding up 1.1 per cent

Realty shares rise on positive outlook; Oberoi, Godrej, Sobha gain up to 9%

At 01:05 pm, the S&P BSE Realty index, the top gainer among sectoral indices, was up 4.7 per cent

SAIL surges 13% on best-ever quarterly profit of Rs 4,304 crore in Q2

The company has announced interim dividend of Rs 4 per equity share or 40 per cent of the paid up equity share capital of the Company

Bandhan Bank dips 7% on disappointing September quarter results

The bank reported a loss net of Rs 3,009 crore in Q2FY22 on huge provisions of over Rs 4,600 crore for the bad loans and restructured advances

Telecom stocks in focus; Bharti Airtel, Vodafone Idea gain upto 7%

The pricing per se of JioPhone Next is not disruptive given the slew of smart phones already available in Rs 5,000-7,000 range, said ICICI Sec in a note

Banks, IT drag Sensex 678 pts down, Nifty gives up 17,700; IRCTC falls 8%

The BSE Sensex has now shed 5 per cent (2,938 points) from its recent peak of 62,245. The Nifty has declined 3.8 per cent (677 points) in the last two weeks.

Dr Reddys Labs gains 7% as profit grows 30% YoY in Q2, margins expand

Dr Reddy's global generic business grew 19 per cent YoY to Rs 4,743 crore driven by covid portfolio, new product launches and base business volume traction across key markets.

Alcohol stocks in limelight, jump up to 10%; United Spirits at record high

Pioneer Distilleries, Tilaknagar Industries, IFB Agro Industries, Khoday India, GM Breweries, Som Distilleries and United Breweries were rallied by upto 10% on the BSE in intra-day today.

Canara Bank stock surges 10%, hits 21-month high in a subdued market

Ace investor Rakesh Radheshyam Jhunjhunwala held 29.10 million equity shares or 1.6 per cent stake in Canara Bank as on September 30, 2021.

IRCTC: Govt withdraws decision to share convenience fee; shares recover 34%

ICICI Securities in a note said that, this would straight away reduce revenues and earnings before interest and tax (EBIT) by 14 per cent and 36 per cent respectively

CarTrade slips 7%, stock at new low on second straight quarterly loss

For H1FY22, CarTrade Tech posted net loss of Rs 81.47 crore against a net profit of Rs 63.57 crore during the same period of FY21

RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high

The management said the bank is confident of reverting to normalised levels of business, growth and profitability from the current (Q3) quarter itself

ITC dips 5% post Q2 results; stock corrects 15% from 52-week high

A stable taxation policy remains key to sustaining steady growth for cigarette recovery ahead, analysts said

Cement shares trade firm; UltraTech, ACC, Ambuja Cements gain up to 2%

The significant pick up in the infra activity backed by the NIP is likely to see healthy traction in terms of new project awards and execution medium term, which is expected to boost cement demand.

Torrent Power surges 7%, nears record high on robust performance in Q2

The company enjoys a strong balance sheet position with some of the best financial ratios amongst private players in the power sector with debt: equity ratio of 0.69 as at Q2FY22