 "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 611 - Si Reporter
Sensex see-saws 325 pts, ends 19 pts down; banks gain; Tata Motors drops 9%
In the broader markets, the BSE MidCap index settled 0.12 per cent higher while the BSE SmallCap index closed 0.26 per cent lower
 "Sensex see-saws 325 pts, ends 19 pts down; banks gain; Tata Motors drops 9%")
AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown
The bank's absolute GNPA in April-June quarter (Q1FY22) was broadly stable QoQ as net additions (slippages, net of recoveries and upgrades) to GNPA declined by Rs 8 crore
 "AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown")
Sumitomo Chemical soars 11%, hits new high on steady revenue growth outlook
With new product launches planned for the year and for the future years, regular revenue growth is expected to continue in the coming years
 "Sumitomo Chemical soars 11%, hits new high on steady revenue growth outlook")
Force Motors surges 13% as June sales more than double
The company's total auto sales more-than-doubled or rose 124 per cent YoY to 1,925 units in June 2021
 "Force Motors surges 13% as June sales more than double")
Cement shares in focus; Ambuja Cements, JK Lakshmi Cement hit record highs
Analysts expect a sustainable demand recovery in volumes in coming quarters on the back of gradual relaxations in lockdowns, expectations of construction activities gaining momentum post-monsoon
 "Cement shares in focus; Ambuja Cements, JK Lakshmi Cement hit record highs")
Stocks to watch: NMDC, Maruti Suzuki, Tata Motors, Religare Entp, NTPC
NTPC's subsidiary NTPC Vidyut Vyapar Nigam Ltd has floated a tender for deployment of hydrogen fuel cell buses in Delhi and Leh
 "Stocks to watch: NMDC, Maruti Suzuki, Tata Motors, Religare Entp, NTPC")
BSE Smallcap index hits new high; six stocks rally over 100% in one month
HFCL, OnMobile Global, Zuari Agro, Grauer & Weil, Jindal Worldwide, Apex Frozen, Accelya Solutions, Newgen Software and KRBL rallied between 11% and 20% in the intra-day trade today
 "BSE Smallcap index hits new high; six stocks rally over 100% in one month")
Sensex zooms 395 pts amid buying in realty, bank stocks; Nifty above 15,800
Sectorally, all, except the IT and Pharma indices, ended in the green. Of these, the Nifty Realty index was the top gainer, up nearly 3 per cent.
 "Sensex zooms 395 pts amid buying in realty, bank stocks; Nifty above 15,800")
Apex Frozen Foods hits 20% upper circuit, rises 46% in a week post Q4 nos
Apex Frozen Foods' Q4FY21 sales volume grew by around 30 per cent YoY on the back of easing of the transport situation
 "Apex Frozen Foods hits 20% upper circuit, rises 46% in a week post Q4 nos")
India Pesticides makes strong debut, lists at 22% premium over issue price
The stock listed at Rs 360, a 22 per cent premium over its issue price of Rs 296 on the BSE
 "India Pesticides makes strong debut, lists at 22% premium over issue price")
CSB Bank gains 7%, hits record high post June quarter business update
CSB Bank reported a 3.5 per cent QoQ decline in gross advances to Rs 14,146 crore
 "CSB Bank gains 7%, hits record high post June quarter business update")
Panacea Biotec surges 9% on DCGI's nod to produce Sputnik V vaccine
Sputnik V was registered in India under the emergency use authorization procedure on April 12, 2021 and vaccination against Covid-19 with the Russian vaccine started on May 14, 2021
 "Panacea Biotec surges 9% on DCGI's nod to produce Sputnik V vaccine")
Info Edge gains 5% as Zomato gets Sebi approval for IPO
Info Edge to sell shares worth Rs 375 crore in Zomato IPO
 "Info Edge gains 5% as Zomato gets Sebi approval for IPO")
Stocks to watch: India Pesticides, HDFC, Avenue Supermarts, HCL Tech, ONGC
Commercial vehicle major Ashok Leyland on Friday said it has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility
 "Stocks to watch: India Pesticides, HDFC, Avenue Supermarts, HCL Tech, ONGC")
Indices snap 4-day losing run; Sensex up 166 pts; small-caps outperform
Sectorally, the Nifty Pharma index was the top gainer, up 0.6 per cent, followed by the Nifty Bank index, up 0.4 per cent
 "Indices snap 4-day losing run; Sensex up 166 pts; small-caps outperform")
Nucleus Software rallies 30% in 4 days; stock hits all-time high
The company said that FinnOne Neo will power the consumer finance business of Tien Phong Commercial Joint Stock Bank (TPBank), one of the leading banks in Vietnam
 "Nucleus Software rallies 30% in 4 days; stock hits all-time high")
IOB surpasses PNB, BoB to become the second most-valued listed PSB
In the past one month, the stock price of IOB has zoomed 57 per cent as compared a 4 per cent decline recorded by PNB and a 5 per cent gain in BOB share price
 "IOB surpasses PNB, BoB to become the second most-valued listed PSB")
Alicon Castalloy zooms 30% in 2 days as MFs pick stake via QIP issue
As per the shareholding pattern for the period ended June 30, 2021, filed by the company, mutual funds acquired 1.48 million shares, or 9.51 per cent stake, in Alicon Castalloy
 "Alicon Castalloy zooms 30% in 2 days as MFs pick stake via QIP issue")
Route Mobile surges 10% on acquisition of email technology biz from Sarv
Route Mobile signed definitive agreements to acquire the artificial intelligence-driven email communication platform, Sendclean, from Sarv Webs Private Limited ("Sarv")
Aurobindo Pharma to transfer biz in Unit-4 to arm Eugia Pharma; stock up 4%
The company said the transfer of the business undertaking will be done for a lumpsum consideration of Rs 876 crore
 "Aurobindo Pharma to transfer biz in Unit-4 to arm Eugia Pharma; stock up 4%")