 "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 603 - Si Reporter
Banks, RIL help lift Sensex 403 pts; Bajaj duo gain up to 8%, Tata Steel 4%
The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively
 "Banks, RIL help lift Sensex 403 pts; Bajaj duo gain up to 8%, Tata Steel 4%")
Bandhan Bank trading at 11-month low, down 10% in a week
The stock was quoting lower for the fifth straight day, down 1.6 per cent at Rs 262.60 on the BSE in intra-day trade on Tuesday
 "Bandhan Bank trading at 11-month low, down 10% in a week")
Adani Transmission, Adani Total Gas up 5% for fourth straight trading day
Thus far in the month of August, Adani Transmission has rallied 37 per cent, while Adani Total Gas has surged 32 per cent on the BSE, against 6 per cent rise in the S&P BSE Sensex
 "Adani Transmission, Adani Total Gas up 5% for fourth straight trading day")
Chemplast Sanmar sees tepid debut, lists at 3% discount against issue price
The stock listed at Rs 525, a 3 per cent discount against its issue price of Rs 541 on the BSE
 "Chemplast Sanmar sees tepid debut, lists at 3% discount against issue price")
Kabra Extrusiontechnik rallies 16% as Battrixx gets single largest order
Battrixx said it has received its single largest order to supply 8000 battery packs for Joy E-Bike (electric two-wheelers) produced by WardWizard
 "Kabra Extrusiontechnik rallies 16% as Battrixx gets single largest order")
Aptus Value Housing Finance makes weak debut, lists 7% below issue price
The stock got listed at Rs 329.95, a 7 per cent discount to the issue price of Rs 353 on the BSE
 "Aptus Value Housing Finance makes weak debut, lists 7% below issue price")
Affle India surges 4% as Board to consider stock split plan
The company will hold a board meeting on August 26, 2021, to consider and approve split of equity shares of the company, subject to approval of the shareholders
 "Affle India surges 4% as Board to consider stock split plan")
Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank
The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package
 "Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank")
Sensex gains after 2-day hiatus, ends 226 pts up; broader indices decline
Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent
 "Sensex gains after 2-day hiatus, ends 226 pts up; broader indices decline")
HCL Tech surges 5% on signing contract with reinsurers Munich Re
In the past one month, HCL Technologies has outperformed the market by surging 18 per cent at the bourses, as compared to 5 per cent rise in the S&P BSE Sensex.
 "HCL Tech surges 5% on signing contract with reinsurers Munich Re")
Nestle India hits new high of Rs 20,000; stock up 13% so far in August
On July 29, 2021 the board approved scheme of arrangement, which envisages the transfer of the entire balance of Rs 837.43 crore standing to the credit of the general reserve to the retained earnings
 "Nestle India hits new high of Rs 20,000; stock up 13% so far in August")
Amara Raja, Biocon, Hero MotoCorp, Ujjivan SFB hit 52-week lows
Ujjivan Small Finance Bank hit a new low of Rs 17.80, down 10% intra-day trade today, falling 27% in two days.
Capacite Infraprojects locked in 20% lower circuit on rating downgrade
India Ratings & Research has downgraded the company's long term issuer rating to 'IND D', from 'IND A'
 "Capacite Infraprojects locked in 20% lower circuit on rating downgrade")
Arvind Fashions soars 10% on raising Rs 439 crore from marquee investors
With this fundraise, the company completes the capital requirement needed for growth and navigating any uncertainties
 "Arvind Fashions soars 10% on raising Rs 439 crore from marquee investors")
Nuvoco Vistas off to a weak start, lists at 17% discount to issue price
The stock rebound from its opening level of Rs 471 and moved higher to Rs 538.60 on the BSE in intra-day trade
 "Nuvoco Vistas off to a weak start, lists at 17% discount to issue price")
Aurobindo Pharma calls off agreement to pick stake in Cronus; stock up 6%
Aurobindo Pharma, on August 12, 2021, had entered into binding agreements with Cronus Pharma Specialities India Private Limited for acquisition of 51 per cent ownership
 "Aurobindo Pharma calls off agreement to pick stake in Cronus; stock up 6%")
Stocks to watch: Nuvoco Vistas, Auro Pharma, Ujjivan SFB, Adani Group cos
Market regulator Sebi kept the proposed Rs 4,500-crore initial share-sale of edible oil major Adani Wilmar in "abeyance"
 "Stocks to watch: Nuvoco Vistas, Auro Pharma, Ujjivan SFB, Adani Group cos")
Pharma shares under pressure; Aurobindo, Wockhardt, Hikal, Natco down 6%
Natco Pharma said that a US District Court has issued a decision in favour of Pharmacyclics (a subsidiary of AbbVie), the brand owner of Imbruvica in a PIV litigation involving the product..
 "Pharma shares under pressure; Aurobindo, Wockhardt, Hikal, Natco down 6%")
Nifty Metal index slips 6%; Tata Steel, Vedanta, JSPL, NMDC fall up to 8%
Metal markets were roiled in selloff on concerns over Chinese steel production, global growth risks and the prospect of reduced US stimulus
 "Nifty Metal index slips 6%; Tata Steel, Vedanta, JSPL, NMDC fall up to 8%")
Ujjivan SFB slips 8%, hits record low on resignation of MD & CEO
Nitin Chugh, Managing Director and CEO of Ujjivan Small Finance Bank, tendered his resignation, citing personal reasons
 "Ujjivan SFB slips 8%, hits record low on resignation of MD & CEO")