 "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 608 - Si Reporter
Sensex adds 138 pts; Zomato ends 65% up over issue price at Rs 126 on BSE
The BSE MidCap and SmallCap indices, however, underperformed the benchmarks
 "Sensex adds 138 pts; Zomato ends 65% up over issue price at Rs 126 on BSE")
Schaeffler India rallies 20% in two days on strong June quarter results
As the Covid-19 wave-2 subsides and the consumer sentiments improve, the management is optimistic the market would come back on a faster growth trajectory
 "Schaeffler India rallies 20% in two days on strong June quarter results")
Mahindra Lifespace zooms 19% as firm to consider bonus issue plan
The board at its meeting scheduled on Wednesday, July 28, 2021, will consider the proposal for the issuance of bonus equity shares
 "Mahindra Lifespace zooms 19% as firm to consider bonus issue plan")
Mphasis surges 12%, hits new high on strong June quarter results
Mphasis won a total contract value (TCV) of $505 million in Direct business during the quarter, the highest ever in the history of the company
 "Mphasis surges 12%, hits new high on strong June quarter results")
Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today
 "Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon")
Sensex climbs 639 pts, Nifty tops 15,800; IT, metal stocks outperform
Signs of a strong corporate earnings season lifted demand for risky equities
 "Sensex climbs 639 pts, Nifty tops 15,800; IT, metal stocks outperform")
Bharti Airtel gains 4% on rolling out new postpaid plans
Airtel said it has simplified its Postpaid plans to offer industry leading data benefits backed by a 5G ready network and superior digital-first customer care
 "Bharti Airtel gains 4% on rolling out new postpaid plans")
Arvind Fashions to sell Unlimited retail biz to V-Mart Retail; stock up 16%
The company would receive cash consideration estimated at about Rs 150 crore upon the closure of transaction and thus, will fully recover the capital employed in the business
 "Arvind Fashions to sell Unlimited retail biz to V-Mart Retail; stock up 16%")
ICICI Pru soars 9%, hits new high on strong performance in June quarter
VNB growth was driven by a resilient business model, innovative product offerings and diversified distribution and product mix
 "ICICI Pru soars 9%, hits new high on strong performance in June quarter")
Jindal Stainless signs MoU with Tata Steel Mining; stock advances 10%
The MoU is signed with an aim to jointly unearth the chrome ore locked up in the boundary between our mines located in Odisha
 "Jindal Stainless signs MoU with Tata Steel Mining; stock advances 10%")
Gland Pharma rallies 8% on strong revenue growth in June quarter
Gland Pharma said the growth in revenue was contributed from a mix of launch of new products and volume growth in existing products
 "Gland Pharma rallies 8% on strong revenue growth in June quarter")
IDFC soars 19% as RBI allows company to exit as promoter of IDFC First Bank
IDFC stands to benefit as a reverse merger could help unlock shareholder value, removing the holding company discount, ICICI Securities said in a note
 "IDFC soars 19% as RBI allows company to exit as promoter of IDFC First Bank")
Jubilant FoodWorks surges 9%, hits record high on strong growth outlook
With vaccinations well under way, the management believes that the worst is behind them and is confident of delivering strong, sustained growth in the periods ahead
 "Jubilant FoodWorks surges 9%, hits record high on strong growth outlook")
Stocks to watch: HUL, Bajaj Auto, IDFC, Wipro, Bajaj Finserv, IB Housing
The Reserve Bank of India has allowed IDFC to exit the IDFC First Bank after the expiry of the lock-in period of 5 years
 "Stocks to watch: HUL, Bajaj Auto, IDFC, Wipro, Bajaj Finserv, IB Housing")
Asian Paints rallies 7%, hits record high as Q1 profit beats estimate
The domestic decorative business more than doubled its volume and delivered stellar revenue growth on a low base
 "Asian Paints rallies 7%, hits record high as Q1 profit beats estimate")
Cement shares on a roll; ACC, Ambuja, UltraTech, JK Lakshmi hit new highs
Cement shares traded higher between 3 per cent and 9 per cent on the BSE as compared to a 0.63 per cent decline in the S&P BSE Sensex.
 "Cement shares on a roll; ACC, Ambuja, UltraTech, JK Lakshmi hit new highs")
Stock of this IT company has zoomed 248% in 26 days
Shares of Brightcom Group were locked in the 5 per cent upper circuit band for the 10th straight day at Rs 44.35 on the BSE on Tuesday
 "Stock of this IT company has zoomed 248% in 26 days")
Mastek hits new high on healthy June quarter results
In the past six months, Mastek's market price has more than doubled as against a 4.6 per cent rise in the S&P BSE Sensex
HCL Technologies dips 2% as company reports lower-than-expected Q1 results
The management has reiterated its double-digit USD revenue growth guidance and EBIT margin band of 19-21 per cent for FY22
 "HCL Technologies dips 2% as company reports lower-than-expected Q1 results")
ACC surges 7%, hits new high on strong operational performance in Q2
The company's Ebitda (earnings before interest, taxes, depreciation, and amortization) margins expanded 233 basis points (bps) quarter-on-quarter to 22.4 per cent due to higher realisations
 "ACC surges 7%, hits new high on strong operational performance in Q2")