 "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 615 - Si Reporter
Hawkish US Fed tone hits D-Street; Sensex slips 179 pts; IT stocks shine
A mild recovery post a gap-down start quickly dismantled during the last hour of the session as market participants offloaded metal and rate-sensitive counters
 "Hawkish US Fed tone hits D-Street; Sensex slips 179 pts; IT stocks shine")
Gujarat Gas hits new high; rallies 32% in four weeks on healthy Q4 results
As restrictions are being lifted gradually in many of company's operating areas, natural gas demand is likely to improve
 "Gujarat Gas hits new high; rallies 32% in four weeks on healthy Q4 results")
Somany Ceramics surges 12%, hits 52-week high on strong Q4 results
The revenues during the quarter under review grew 58.8 per cent year-on-year (YoY) to Rs 562 crore from Rs 354 crore on the back of strong volumes
 "Somany Ceramics surges 12%, hits 52-week high on strong Q4 results")
Stocks to watch: Power Grid, SBI, Tata Steel, CESC, Federal Bank, Wipro
SBI Board is slated to meet on June 21 to consider a fundraising plan for FY22
 "Stocks to watch: Power Grid, SBI, Tata Steel, CESC, Federal Bank, Wipro")
Investors book profit ahead of US Fed meet outcome; Sensex drops 271 pts
In the broader markets, the BSE MidCap index slipped 0.95 per cent while the BSE SmallCap index dipped 0.68 per cent.
 "Investors book profit ahead of US Fed meet outcome; Sensex drops 271 pts")
Jubilant FoodWorks rallies 5%, hits record high post Q4 results
The company witnessed around 90 per cent recovery in both April and May versus pre-COVID levels, despite dine-in being minimal
 "Jubilant FoodWorks rallies 5%, hits record high post Q4 results")
Globus Spirits hits new high; advances 28% in a week on strong Q4 results
In Q4FY21, the company's Ebitda margin grew by over 1,140 bps YoY to 24.9 per cent, on account of higher share of consumer business, and better realizations on ENA and ethanol
 "Globus Spirits hits new high; advances 28% in a week on strong Q4 results")
LTI to acquire Cuelogic Technologies for $8.4 million; stock gains 2%
The acquisition is subject to customary closing conditions which are expected to get completed within 2 to 4 weeks
 "LTI to acquire Cuelogic Technologies for $8.4 million; stock gains 2%")
LIC Housing Finance dips 4% on profit booking post Q4 results
Provisions jumped sharply to Rs 977 crore in the quarter under review against Rs 181 crore (QoQ)
 "LIC Housing Finance dips 4% on profit booking post Q4 results")
Newgen Software surges 13% in 2 days after promoters sell 10.57% stake
The book building saw a strong demand and interest from marquee institutional investors, both domestic and international
 "Newgen Software surges 13% in 2 days after promoters sell 10.57% stake")
Stocks to watch: ICICI Bank, Dish TV, Adani Ports, Jubilant Pharmova, Lupin
Dr Reddy's Laboratories (DRL) on Tuesday said it has been asked to pay $46.25 million to Australia-based Hatchtech Pty Ltd as part of an asset purchase agreement between the two parties in 2015
 "Stocks to watch: ICICI Bank, Dish TV, Adani Ports, Jubilant Pharmova, Lupin")
Sensex ends 221 pts higher; Consumer Discretionary index hits record peak
Asian Paints, Axis Bank, ICICI Bank, Britannia Industries, SBI Life, and Indian Oil Corporation ended the day as the top gainers
 "Sensex ends 221 pts higher; Consumer Discretionary index hits record peak")
CARE Ratings soars 22% in three days on strong Q4 results
In Q4FY21, CARE Ratings reported 69% year-on-year growth in consolidated net profit at Rs 26.49 crore as against Rs 15.68 crore in Q4FY21
 "CARE Ratings soars 22% in three days on strong Q4 results")
This Reliance Group stock has zoomed 62 per cent in four days
Reliance Industrial Infrastructure hit a new high of Rs 736.60, having rallied 19 per cent in intra-day trade on Tuesday
 "This Reliance Group stock has zoomed 62 per cent in four days")
Adani Group stocks trade mixed following clarification from NSDL
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative
 "Adani Group stocks trade mixed following clarification from NSDL")
Sagar Cements zooms 20% on stock split plan; stock nears record high
The board is scheduled to meet on July 01, 2021, to consider a proposal to sub-divide (split) the face value of the equity shares of the Company from Rs 10 each into an appropriate amount
 "Sagar Cements zooms 20% on stock split plan; stock nears record high")
Newgen Software rallies 12%, hits new high after block deals
Till 09:56 am, around 7.5 million shares, representing 10.7 per cent of the company's total equity, had changed hands on the BSE, the exchange data shows
 "Newgen Software rallies 12%, hits new high after block deals")
Deepak Fertilisers zooms 52% in a week; stock nears record high
In the past six months, the stock has soared nearly 190 per cent, against 14 per cent rally in the S&P BSE Sensex
 "Deepak Fertilisers zooms 52% in a week; stock nears record high")
Stocks to watch: Jubilant Food, Coal India, JSW Ispat, SBI Card, NHPC
SBI Cards and Payment Services (SBI Card) on Monday said it has raised Rs 500 crore by issuing bonds
 "Stocks to watch: Jubilant Food, Coal India, JSW Ispat, SBI Card, NHPC")
Greaves Cotton rallies 6% on heavy volumes; stock nears 52-week high
In the past one week, the stock of Greaves Cotton has soared 18 per cent, as compared to 0.41 per cent rise in the S&P BSE Sensex
 "Greaves Cotton rallies 6% on heavy volumes; stock nears 52-week high")