 "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 617 - Si Reporter
Sensex ends 334 points lower, Nifty at 15,635; PSU banks, autos drag
All that happened in the markets today
 "Sensex ends 334 points lower, Nifty at 15,635; PSU banks, autos drag")
Stocks to watch: GAIL, Bata India, Prestige Estates, Tata Motors, Glenmark
Reserve Bank of India granted approval for the re-appointment of Chandra Shekhar Ghosh, Managing Director & Chief Executive Officer of Bandhan Bank for a period of three years
 "Stocks to watch: GAIL, Bata India, Prestige Estates, Tata Motors, Glenmark")
Sensex dips 132 pts as RBI cuts FY22 GDP growth; Nifty ends below 15,700
That said, market participants continued to buy stocks in the broader markets after the RBI announced a special, Rs 15,000 crore-liquidity window
 "Sensex dips 132 pts as RBI cuts FY22 GDP growth; Nifty ends below 15,700")
Adani Enterprises becomes second-most valuable Adani Group firm
At 01:34 pm, Adani Enterprises was up 6.5 per cent at Rs 1,683.6, with a market capitalisation (market-cap) of Rs 1.85 trillion, the BSE data shows
 "Adani Enterprises becomes second-most valuable Adani Group firm")
Bharat Forge surges 8%, hits 52-week high post March quarter results
The company's management said it expects robust demand to continue in major segment in the export business
 "Bharat Forge surges 8%, hits 52-week high post March quarter results")
United Breweries, Indian Hotels: RBI policy fires up hotel, liquor stocks
In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022
 "United Breweries, Indian Hotels: RBI policy fires up hotel, liquor stocks")
Power Mech Projects surges 16% as HDFC MF picks nearly 1% stake
On Thursday, HDFC MF purchased 130,000 shares, representing 0.88 per cent stake, in Power Mech Projects for Rs 8.22 crore
 "Power Mech Projects surges 16% as HDFC MF picks nearly 1% stake")
Larsen & Toubro rallies 15% in a month, nears record high
L&T was up 2 per cent at Rs 1,538 on the BSE, trading close to its all-time high level of Rs 1,593 touched on February 2, 2021
 "Larsen & Toubro rallies 15% in a month, nears record high")
Stocks to watch: M&M, PNB, Bharat Forge, Lupin, rate sensitive stocks
ABB Power Products on Thursday said it has resumed operations at its manufacturing facility in Bengaluru from May 28
 "Stocks to watch: M&M, PNB, Bharat Forge, Lupin, rate sensitive stocks")
Nifty ends at new closing peak of 15,690, Sensex at 52,232; Titan soars 7%
Titan clocked a massive rally of 7 per cent to end the day as top gainer, followed by ONGC, Kotak Bank, Bajaj Finance, Axis Bank, HDFC Bank, and L&T
 "Nifty ends at new closing peak of 15,690, Sensex at 52,232; Titan soars 7%")
Titan Company surges 6%, hits record high; market-cap nears Rs 1.5 trillion
The stock of Tata Group Company surpassed its previous high of Rs 1,620.95, touched on January 6, 2021
 "Titan Company surges 6%, hits record high; market-cap nears Rs 1.5 trillion")
ONGC, Oil India hit 52-week highs as Brent crude climbs above $71/bbl
Brent prices continue to hover above $71/bbl, driven by the prospects of a global demand recovery and OPEC+'s production discipline
 "ONGC, Oil India hit 52-week highs as Brent crude climbs above $71/bbl")
Realty index surges 4%; Oberoi Realty hits record high, Phoenix Mills up 8%
GIC, Singapore's sovereign wealth fund and Phoenix Mills, have entered into a strategic partnership to establish an investment platform for retail‐led mixed‐use assets in India
 "Realty index surges 4%; Oberoi Realty hits record high, Phoenix Mills up 8%")
Indo-National zooms 20%, Eveready Industries hits over 3-year high
Eveready Industries hit an over three-year high (highest level since April 2018) of Rs 338.70 after rising 7 per cent on the BSE in intra-day trade today
Muthoot Finance soars 17% in two days, hits new high on strong Q4 results
Despite a 10-12 per cent decline in gold prices, Muthooth Finance managed to grow the loan book by 4 per cent quarter-on-quarter
 "Muthoot Finance soars 17% in two days, hits new high on strong Q4 results")
Reliance Industries rallies 15% in seven days, hits over 7-month high
The stock was up 2.2 per cent at Rs 2,250 on the BSE in intra-day trade on Thursday, trading close to its record high level of Rs 2,368.80 touched on September 16, 2020
 "Reliance Industries rallies 15% in seven days, hits over 7-month high")
Sugar shares rally up to 8% as ethanol blending programme advanced to 2023
ICICI Securities believes this would encourage sugar companies to further add sugarcane juice and grain-based ethanol capacities
 "Sugar shares rally up to 8% as ethanol blending programme advanced to 2023")
Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks
Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today
 "Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks")
Motherson Sumi surges 11%, hits 52-week high on strong performance in Q4
The production shutdowns (India) and semi-conductor shortages globally likely to be headwinds for OEM production in the near term, the company said
 "Motherson Sumi surges 11%, hits 52-week high on strong performance in Q4")
Century Enka freezes at 20% upper circuit; stock zooms 58% in a month
Last month, the board had approved Rs 263 crore capex plan to have necessary assets for upcoming business opportunities
 "Century Enka freezes at 20% upper circuit; stock zooms 58% in a month")