 "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 597 - Si Reporter
Tyre stocks in focus; Balkrishna Ind at record high, Apollo Tyres jumps 5%
Balkrishna Industries hit a new high of Rs 2,656.95, up 5 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 2,558.15 touched on August 4, 2021
 "Tyre stocks in focus; Balkrishna Ind at record high, Apollo Tyres jumps 5%")
Broader markets rally up to 3% ahead of Fed outcome; Nifty Media jumps 13%
NSE Nifty settled the day in the red ahead of the FOMC outcome later today
 "Broader markets rally up to 3% ahead of Fed outcome; Nifty Media jumps 13%")
Indiabulls Housing Finance jumps 4% on $165 mn FCCBs issue plan
On Tuesday, the company announced successful raising of Rs 807.83 crore by way of issuance of Non-Convertible Debentures
 "Indiabulls Housing Finance jumps 4% on $165 mn FCCBs issue plan")
Nucleus Software surges 16% as Board to consider share buyback plan
The company has scheduled its board meet on September 24 to consider the proposal
 "Nucleus Software surges 16% as Board to consider share buyback plan")
Stocks to watch: ZEEL, Vodafone Idea, KEC Int'l, Torrent Power, Infosys
Vodafone plc has made it clear that it will not make any fresh equity infusion in its Indian telecom business--Vodafone Idea Ltd (VIL)
 "Stocks to watch: ZEEL, Vodafone Idea, KEC Int'l, Torrent Power, Infosys")
Sensex jumps 514 pts, ends above 59k; Nifty Realty up 4%, auto worst loser
Only 10 stocks from the Nifty basket closed in the red
 "Sensex jumps 514 pts, ends above 59k; Nifty Realty up 4%, auto worst loser")
CarTrade, Aptus Value, Krsnaa Diagnostics, Rolex Rings hit new lows
CarTrade Tech shares hit a new low of Rs 1,365 on the BSE today, falling 16% from its issue price of Rs 1,618 per share.
 "CarTrade, Aptus Value, Krsnaa Diagnostics, Rolex Rings hit new lows")
ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%
The recent outperformance of oil & gas stocks brings the focus to ONGC, which has so far been unable to replicate the gains seen by the rest of its peers
 "ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%")
RPG Life Sciences hits record high, zooms 51% so far in September
The domestic formulations business of the company will continue to focus on building chronic therapies, expanding specialty portfolio and life cycle management of current legacy products
 "RPG Life Sciences hits record high, zooms 51% so far in September")
HCL Tech hits new high on 5-year deal with US-based MKS Instruments
HCL Tech announced a five-year digital transformation deal with US-based MKS Instruments, a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes
 "HCL Tech hits new high on 5-year deal with US-based MKS Instruments")
KEC International rallies 12% in 2 days on acquisition of Spur Infra
This acquisition will enable the company to accelerate growth in oil & gas sector and establish this business as one of its key growth drivers going forward
 "KEC International rallies 12% in 2 days on acquisition of Spur Infra")
NDTV freezes at 10% upper circuit for 2nd straight day; hits 52-week high
NDTV has denied rumors of Adani Group picking stake in the company
 "NDTV freezes at 10% upper circuit for 2nd straight day; hits 52-week high")
SBI Cards plunges 6% as 4% equity changes hands on Exchanges via block deal
According to a term sheet reviewed by Business Standard, CA Rover Holdings, a subsidiary of Carlyle, had put on the block 32 million shares on Tuesday in a price band of Rs 1,021-Rs 1,072.30 per share
 "SBI Cards plunges 6% as 4% equity changes hands on Exchanges via block deal")
Stocks to watch: SBI Card, Adani Ports, Cadila Healthcare, HCL Tech, AU SFB
IT company AGC Networks on Monday said its board has approved the appointment of Essar Group's Anshuman Ruia as executive director of the company
Forbes & Co jumps 5% as PE major Advent buys stake in Eureka Forbes
The private equity major Advent International on Sunday signed an agreement with Shapoorji Pallonji Group to acquire a majority stake in Eureka Forbes at an enterprise valuation of Rs 4,400 crore
 "Forbes & Co jumps 5% as PE major Advent buys stake in Eureka Forbes")
Nifty Metal index slips over 4%; Tata Steel, Hindalco, JSPL plunge over 5%
The index was quoting lower for the third straight trading day, falling 7 per cent during the period
 "Nifty Metal index slips over 4%; Tata Steel, Hindalco, JSPL plunge over 5%")
Surya Roshni soars 28% in 2-days, hits new high on FPI stake purchase
Recently, Employees Retirement System of Texas - Self Managed Portfolio bought 427,789 equity shares representing 0.79 per cent stake in the company
 "Surya Roshni soars 28% in 2-days, hits new high on FPI stake purchase")
Hotel stocks rally; Indian Hotels at new high, Chalet, EIH gain up to 14%
Analyst believe hospitality business will be back to pre-Covid level by Q4FY22, if there won't be third wave of the pandemic
 "Hotel stocks rally; Indian Hotels at new high, Chalet, EIH gain up to 14%")
ITC hits 52-week high as Jefferies raises target; stock up 12% in 3 days
Analysts believe ITC's cigarettes business will fully recover with the aggressive vaccination drive and reduction in Covid-19 cases
 "ITC hits 52-week high as Jefferies raises target; stock up 12% in 3 days")
Lupin slips 4% as Goa plant gets 7 observations from the USFDA
These observations which has been under regulatory oversight for 4 years, and can impact investor sentiment although revenue will not be impacted in the near term, ICICI Securities note stated
 "Lupin slips 4% as Goa plant gets 7 observations from the USFDA")