 "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 613 - Si Reporter
Sensex ends 226 pts up; Tata Steel jumps 4.6%, Voda Idea 12%, RIL slips 2%
In the broader market, the BSE MidCap and SmallCap indices advanced 1 per cent and 0.4 per cent, respectively
 "Sensex ends 226 pts up; Tata Steel jumps 4.6%, Voda Idea 12%, RIL slips 2%")
Shyam Metalics makes strong debut, lists at 24% premium over issue price
The stock rallied to Rs 399, up 30 per cent from its issue price, in intra-day deals on the BSE
 "Shyam Metalics makes strong debut, lists at 24% premium over issue price")
F&O expiry: IT, banks lift Sensex 393 pts up; RIL slips 2.4% post 44th AGM
The Nifty sectoral indices were mixed, with the Nifty IT index, up 2.79 per cent, leading the gainers, while the Nifty PSU Bank index, down 1.4 per cent, bled the most
 "F&O expiry: IT, banks lift Sensex 393 pts up; RIL slips 2.4% post 44th AGM")
Sugar stks in focus; Balrampur, Dhampur, Dalmia, Uttam Sugar rally up to 5%
Sugar industry, analysts say, is well poised to benefit from, both, global and domestic factors
 "Sugar stks in focus; Balrampur, Dhampur, Dalmia, Uttam Sugar rally up to 5%")
Infosys hits new high as buyback via open route commences on Friday
Infosys has proposed to buy back shares at a maximum price of Rs 1,750 per share
 "Infosys hits new high as buyback via open route commences on Friday")
Sona BLW makes a tepid debut; lists at 4% premium over issue price
The stock listed at Rs 302.40, a 4 per cent against the issue price of Rs 291 per share on the BSE
 "Sona BLW makes a tepid debut; lists at 4% premium over issue price")
Orchid Pharma freezes at 10% down circuit as promoter begins stake sale
Dhanuka Laboratories, one of the promoter of Orchid Pharma proposed to sell in aggregate up to 3.28 million equity shares, representing 8.04 per cent of the total equity share capital of the Company.
 "Orchid Pharma freezes at 10% down circuit as promoter begins stake sale")
Stocks to watch: RIL, Shyam Metalics, Sona Comstar, ONGC, Ashok Leyland
The shares of Shyam Metalics and Sona Comstar are slated to list on the bourses on Thursday. A strong debut is on the cards for Shyam Metalics while Sona Comstar is likely to witness a muted listing
Indices snap 3-day winning run; Sensex down 283 pts; metal, energy stks dip
In the mid-, and small-cap segment, PNB Housing Finance, Central Bank of India, United Breweries, Adani Enterprises, PNB Gilts, Dhanlaxmi Bank, and Indian Overseas Bank dragged the broader markets
 "Indices snap 3-day winning run; Sensex down 283 pts; metal, energy stks dip")
Greaves Cotton hits over four-year high; stock rallies 39% thus far in June
The Gujarat government has announced its new electric vehicle (EV) policy, which provides a purchase incentive of Rs 10,000/kWh for EVs with the segment-wise limits
Bharat Electronics surges 10% on strong Q4 results, hits over 3-year high
The company said it has a healthy order book position of Rs 53,434 crore as on April 1, 2021
Khadim India hits fresh 52-week high, zooms 51% in a week
In Q4FY21, EBITDA & PAT turned positive at Rs 14.09 crore and Rs 11.52 crore respectively, compared with losses in the corresponding quarter last year
 "Khadim India hits fresh 52-week high, zooms 51% in a week")
Godrej Agrovet rallies 8%, hits 52-week high as Godrej Industries ups stake
On June 22, 2021, Godrej Industries purchased 976,047 shares, representing 0.51 per cent of total equity, of Godrej Agrovet worth of Rs 55.63 crore
 "Godrej Agrovet rallies 8%, hits 52-week high as Godrej Industries ups stake")
Hero MotoCorp to raise prices by up to Rs 3,000 from July 1; stock up 3%
The price hike has been necessitated to partially offset the impact of continuous increase in commodity prices, the company said
 "Hero MotoCorp to raise prices by up to Rs 3,000 from July 1; stock up 3%")
Kalrock-Jalan consortium receives NCLT nod to fly Jet Airways; stock up 5%
Shares of the defunct airline are up 15.6 per cent in 3 trading sessions as against a 1 per cent gain in the frontline S&P BSE Sensex.
 "Kalrock-Jalan consortium receives NCLT nod to fly Jet Airways; stock up 5%")
United Breweries reverses gains, slips 6% post huge block deals
Around 39.76 million shares, representing 15 per cent of the total equity of United Breweries changed hands on the BSE, the exchange data shows
 "United Breweries reverses gains, slips 6% post huge block deals")
Stocks to watch: Hero Moto, NMDC, HDFC Bank, Centrum Capital, VIL, CDSL
Two-wheeler maker Hero MotoCorp will hike its vehicle prices by up to Rs 3,000 from July to partially offset the impact of the higher commodity prices
 "Stocks to watch: Hero Moto, NMDC, HDFC Bank, Centrum Capital, VIL, CDSL")
Paper stocks in demand; JK Paper surges 19%, Orient Paper up 10%
Paper industry will witness an uptick during FY22 on year on year basis backed by better paper demand and increase in its prices
 "Paper stocks in demand; JK Paper surges 19%, Orient Paper up 10%")
MM Forgings zooms 19%, nears record high on strong Q4 results
In Q4FY21, the company's standalone PAT nearly doubled at Rs 30.14 crore, against Rs 15.34 crore in Q3FY21, on the back of healthy income
 "MM Forgings zooms 19%, nears record high on strong Q4 results")
NBCC scales 52-week high, surges 10% in 2 days on awarding Rs 860 cr order
The company has awarded a work order for the construction of residential towers and civic amenities in New Delhi on TOD norms, EPC mode to NCC at their quoted price of Rs 859.84 crore
 "NBCC scales 52-week high, surges 10% in 2 days on awarding Rs 860 cr order")