 "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 606 - Si Reporter
Sensex up 125 pts; broader indices underperform; Metal, PSB stocks crack
Stock market LIVE: In the broader markets, the BSE MidCap and SmallCap indices declined over 1 per cent each
 "Sensex up 125 pts; broader indices underperform; Metal, PSB stocks crack")
Stocks to watch: Rolex Rings, Vodafone Idea, Shree Cement, BoB, IDBI Bank
Power Finance Corporation (PFC) has increased its global medium-term note programme from USD 5 billion to USD 8 billion
 "Stocks to watch: Rolex Rings, Vodafone Idea, Shree Cement, BoB, IDBI Bank")
Sensex falls 215 pts post RBI policy; Nifty at 16,238; RIL sheds 2%
Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.
Tata Chemicals rallies 10%, hits record high on strong Q1 results
With the business environment steadily improving, the company is well-positioned to grow across customer segments, the management said.
 "Tata Chemicals rallies 10%, hits record high on strong Q1 results")
Barbeque Nation Hospitality zooms 37% in 4 days after strong Q1 results
The company said it reported a strong recovery in sales at 86 per cent in July 2021 as compared to the same month of the previous year
 "Barbeque Nation Hospitality zooms 37% in 4 days after strong Q1 results")
Adani Enterprises jumps 7%, claims title of most valuable Adani Group firm
On August 2, Adani Wilmar, a 50:50 joint venture company between the Adani group and the Wilmar group filed draft papers for Rs 4,500 crore-IPO with Sebi.
 "Adani Enterprises jumps 7%, claims title of most valuable Adani Group firm")
Glenmark Life Sciences makes a quiet debut, lists 4% above issue price
Post listing, the stock moved higher to Rs 799.50, 11 per cent higher against issue price
 "Glenmark Life Sciences makes a quiet debut, lists 4% above issue price")
Rate sensitive shares trade mixed after RBI keeps repo rate unchanged
At 11:38 am, the Nifty Bank, PSU Bank and Realty indices were trading in the red, while the Nifty Private Bank and Auto indices were trading marginally higher by up to 0.35 per cent on the NSE
 "Rate sensitive shares trade mixed after RBI keeps repo rate unchanged")
Vodafone Idea rebounds 55% from over 2-year low touched on Thursday
In a major development, the government on Thursday introduced an amendment to do away with the contentious retrospective tax demand provisions.
 "Vodafone Idea rebounds 55% from over 2-year low touched on Thursday")
Stocks to watch: M&M, Glenmark Life Sciences, Cipla, Adani Power, Tata Chem
Stocks from the banking, real estate and auto sectors will be in focus amid the RBI policy outcome later today
 "Stocks to watch: M&M, Glenmark Life Sciences, Cipla, Adani Power, Tata Chem")
Sensex gyrates 376 pts, ends 66 pts down; Sun Pharma zooms 10%, Tech M 7%
Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today
 "Sensex gyrates 376 pts, ends 66 pts down; Sun Pharma zooms 10%, Tech M 7%")
Sun Pharma rallies 9%, hits over 4-year high on strong June quarter results
The management said Sun Pharma witnessed a strong Q1, driven by a combination of robust core business growth, low base and some sale of Covid products
 "Sun Pharma rallies 9%, hits over 4-year high on strong June quarter results")
Laurus Labs rebounds 9% from day's low after 3 straight sessions of decline
The management maintains positive outlook across all four businesses -- FDF, APIs, Synthesis and Bio-- on the back of improving demand, and supported by capacity expansion plans planned
 "Laurus Labs rebounds 9% from day's low after 3 straight sessions of decline")
Garware Hi-Tech hits record high as Ashish Kacholia ups stake by nearly 1%
On July 29, 2021, Ashish Kacholia purchased additional 141,871 equity shares representing 0.61 per cent equity of Garware Hi-Tech Films at price of Rs 1,005 per share through bulk deal on the BSE,
 "Garware Hi-Tech hits record high as Ashish Kacholia ups stake by nearly 1%")
Ashok Leyland advances 10%, nears 52-week high on drawing up EV road map
Ashok Leyland's subsidiary Switch Mobility announced a strategic agreement with Dana Incorporated, the global leader in drivetrain and e-propulsion systems, to make a minority investment in Switch
 "Ashok Leyland advances 10%, nears 52-week high on drawing up EV road map")
SRF rallies 8% on strong Q1 performance; market-cap zooms past Rs 50,000 cr
The stock hit a new high of Rs 8,535.95 as shares rallied 8 per cent on the BSE in intra-day trade on Friday
 "SRF rallies 8% on strong Q1 performance; market-cap zooms past Rs 50,000 cr")
R Systems soars 15% as board to consider share buyback proposal
Buyback is a corporate action in which a company buybacks its shares from the existing shareholders usually at a price higher than the market price
Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates
The company's order book increased from $290 million in Q1FY21 to $815 million in Q1FY22
 "Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates")
Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor
State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30
 "Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor")
SBI inches towards record high ahead of Q1 results; stock up 3%
Analysts expected SBI to report a healthy performance, supported by recoveries and modest opex
 "SBI inches towards record high ahead of Q1 results; stock up 3%")