 "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 607 - Si Reporter
Sensex rebounds 640 pts from day's low to end 135 pts down; Airtel jumps 5%
Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday
 "Sensex rebounds 640 pts from day's low to end 135 pts down; Airtel jumps 5%")
APL Apollo, Apollo Tricoat Tubes hit new highs on bonus issue plan
The boards of directors of the respective companies are scheduled to meet on August 6, 2021, to consider and approve the proposal for issue of bonus shares on the equity shares.
 "APL Apollo, Apollo Tricoat Tubes hit new highs on bonus issue plan")
Stocks to watch: Maruti Suzuki, Nestle, IndiGo, IIFL Finance, IndusInd Bank
IndiGo posted its highest ever quarterly loss of Rs 3,174.17 crore during the April-June period
 "Stocks to watch: Maruti Suzuki, Nestle, IndiGo, IIFL Finance, IndusInd Bank")
Sensex drops 274 pts, Nifty ends below 15,750; DRL sinks 10%, Axis Bank 3%
In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.
 "Sensex drops 274 pts, Nifty ends below 15,750; DRL sinks 10%, Axis Bank 3%")
Dr Reddy's slips over 10% post June quarter results, anonymous complaint
Gross profit margin decreased by 380 bps over the previous year and 150 bps sequentially, majorly on account of price erosion and increase in inventory provisions related to few products
 "Dr Reddy's slips over 10% post June quarter results, anonymous complaint")
Up 1,258% in 4 months! This electric utility stock sheds its 'penny' status
RattanIndia Enterprises announced that Domino's has joined hands with the company's Revolt Motors, to transform its current petrol bike fleet to electric bikes
 "Up 1,258% in 4 months! This electric utility stock sheds its 'penny' status")
Nifty Pharma index slips 5%, records sharpest intra-day fall in 7 months
Alembic Pharma and Dr Reddy's Labs plunged 12% and 11%, respectively in intra-day trade post their June quarter results
 "Nifty Pharma index slips 5%, records sharpest intra-day fall in 7 months")
Persistent Systems hits record high; soars 16% in 2 days on strong Q1 show
The company expects to sustain the healthy growth momentum in the Services business, based on the robust deal intake and a healthy deal pipeline
 "Persistent Systems hits record high; soars 16% in 2 days on strong Q1 show")
Inox Leisure zooms 15% on Amazon India's stake buy buzz
Inox, however, said the report was "factually incorrect" and there were no discussions between the company and Amazon India
 "Inox Leisure zooms 15% on Amazon India's stake buy buzz")
GNA Axles surges 25% in two days on strong Q1 results
The company posted consolidated net profit of Rs 29.46 crore as against a loss of Rs 6.58 crore in the year-ago quarter on the back of a healthy operational performance
 "GNA Axles surges 25% in two days on strong Q1 results")
Equitas Holdings, Equitas SFB rally on amalgamation scheme approval
Equitas SFB will issue 226 shares to holding company's shareholders for every 100 they held
 "Equitas Holdings, Equitas SFB rally on amalgamation scheme approval")
Alembic Pharma dips 8% on disappointing June quarter results
Ebitda (earnings before interest, taxes, depreciation, and amortization) margins declined 1258 basis points (bps) YoY to 17.8 per cent, due to higher other expenditure
 "Alembic Pharma dips 8% on disappointing June quarter results")
Stocks to watch: Tata Motors, L&T, IndiGo, Just Dial, HUDCO, Axis Bank, DRL
Larsen & Toubro (L&T) reported a consolidated net profit at Rs 1,174 crore in the June quarter, up nearly four times from the same period last year on the back of increased revenues
 "Stocks to watch: Tata Motors, L&T, IndiGo, Just Dial, HUDCO, Axis Bank, DRL")
Sensex falls 123 pts as investors book profit in RIL, banks, auto stocks
The broader markets, however, outperformed the frontline indices with the BSE MidCap and SmallCap indices adding 0.06 per cent and 0.34 per cent, respectively.
Chemical stocks in focus; Alkyl Amines, Gujarat Fluorochem at new highs
Shares of Gujarat Fluorochemicals soared 9 per cent to Rs 1,730, hitting a new high today
Caplin Point jumps 19%, hits record high; stock soars 37% in seven days
A combined 5.8 million equity shares, representing 7.6 per cent of the total equity of Caplin Point Laboratories, had changed hands on NSE and BSE till 12:56 pm
Aurionpro Solutions surges 16%, hits 52-wk high on robust June quarter nos
With solid performance and strong cash flows, the company plans to become net debt free by October this year
 "Aurionpro Solutions surges 16%, hits 52-wk high on robust June quarter nos")
Symphony dips 5% on disappointing Q1 results
The management expects gross margin on domestic sales for FY22 to be back to normal margin of around 50 per cent
 "Symphony dips 5% on disappointing Q1 results")
SBI Card gains 4% on strong June quarter results
Asset quality improved with GNPA at 3.91 per cent versus 4.99 per cent QoQ while RBI RE book was down from 8 per cent to 6 per cent, sequentially
 "SBI Card gains 4% on strong June quarter results")
ICICI Bank hits record high post stellar Q1; slips later on profit booking
ICICI Bank reported a strong earnings performance, led by robust core PPOP (pre-provisioning operating profit) performance and controlled provisions
 "ICICI Bank hits record high post stellar Q1; slips later on profit booking")