 "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 620 - Si Reporter
Sensex ends choppy day 111 pts up; Mid-, small-cap indices hit record peaks
The BSE MidCap index touched a new record high level of 21,717 while the BSE SmallCap index hit 23,338
 "Sensex ends choppy day 111 pts up; Mid-, small-cap indices hit record peaks")
SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock
Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore
 "SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock")
Stocks to watch: Tata Steel, Hero MotoCorp, Concor, United Spirits, Grasim
Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today
 "Stocks to watch: Tata Steel, Hero MotoCorp, Concor, United Spirits, Grasim")
This entertainment stock has zoomed 100% in 18 trading sessions
On April 6, the firm announced that credit rating agency, CARE Ratings has revised its ratings on the bank facilities of the company from CARE BBB to CARE BBB+ with stable outlook
 "This entertainment stock has zoomed 100% in 18 trading sessions")
Banks lift indices to 10-wk high; Sensex ends 976 pts up, Nifty at 15,175
Financial indices -- Nifty Bank, Private Bank, PSU Bank, and Financial Services -- outperformed on the NSE today, and gained between 3-3.5%
 "Banks lift indices to 10-wk high; Sensex ends 976 pts up, Nifty at 15,175")
SBI shares rebound 6% from day's low on in-line March quarter results
The board has declared a dividend of Rs 4 per equity share (400 per cent) for the financial year ended March 31, 2021
 "SBI shares rebound 6% from day's low on in-line March quarter results")
SBI Cards trades higher for fifth straight day; stock up 11% in a week
SBI Card's top management said that the Q4FY21 spending recovered to pre-Covid levels with a higher share of online spending (more than 50 per cent), which management expects to continue
 "SBI Cards trades higher for fifth straight day; stock up 11% in a week")
Sugar stocks trade weak in a firm market on reduction in export subsidy
The government reduced the export subsidy from Rs 5.85 / kg to Rs 4.0 / kg on any sugar contracted for export on or after May 20, 2021
 "Sugar stocks trade weak in a firm market on reduction in export subsidy")
Adani Transmission becomes the second most valuable Adani Group firm
With Rs 1.60 trillion market capitalisation, Adani Transmission replaced Adani Port & SEZ, which had market-cap of Rs 1.57 trillion at 11:13 am.
 "Adani Transmission becomes the second most valuable Adani Group firm")
This telecom cable manufacturer stock has zoomed over 100% in a month
The stock was trading at its highest level since January 2008
JK Lakshmi Cement surges 7%, nears record high on healthy Q4 results
The company said it has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc
 "JK Lakshmi Cement surges 7%, nears record high on healthy Q4 results")
HPCL rallies 8%, hits 52-week high on strong March quarter results
The company announced final dividend of Rs 22.75 per share, and it also completed its share buyback program on April 20, 2021
 "HPCL rallies 8%, hits 52-week high on strong March quarter results")
Stocks to watch: SBI, JSW Steel, HPCL, Havells, Torrent Power, sugar stocks
Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains
 "Stocks to watch: SBI, JSW Steel, HPCL, Havells, Torrent Power, sugar stocks")
Metals, financials drag indices; Sensex falls 338 pts, Nifty holds 14,900
Heavyweights HDFC Bank, ICICI Bank, Reliance Industries, Axis Bank, Kotak Mahindra Bank, TCS, and HDFC contributed the most towards the indices' losses
 "Metals, financials drag indices; Sensex falls 338 pts, Nifty holds 14,900")
Metals under pressure; Tata Steel, Hindalco, SAIL, JSPL slip 5%
With today's decline, the S&P BSE Metal index has now corrected 10 per cent from its record high level of 20,429, touched on May 11, 2021
 "Metals under pressure; Tata Steel, Hindalco, SAIL, JSPL slip 5%")
BSE Smallcap index at new high; Angel Broking, Apcotex zoom 100% in a month
Bajaj Hindustan, Praj Ind, Zee Media, Tata Steel BSL, Dhampur Sugar, Gateway Distriparks, Jay Bharat Maruti and Gokaldas Exports have rallied between 60% and 90% in the past month
 "BSE Smallcap index at new high; Angel Broking, Apcotex zoom 100% in a month")
Shakti Pumps surges 33% in three days on strong March quarter results
For the entire financial year 2020-21 (FY21), Shakti Pumps posted a consolidated net profit of Rs 75.59 crore as against a net loss of Rs 14.08 crore in FY20
TCI Express rallies 16%, hits new high on robust March quarter results
The company's Q4FY21 Ebitda margin expanded by 870 bps YoY to 20.3%, driven by improvement in both volumes and realisations
 "TCI Express rallies 16%, hits new high on robust March quarter results")
Fertiliser stocks gain as government hikes subsidy; Chambal, RCF rally 9%
ICICI Securities does not expect the reduction in prices to have a major impact on the balance sheet of fertiliser companies
 "Fertiliser stocks gain as government hikes subsidy; Chambal, RCF rally 9%")
Tata Coffee logs new all-time high; stock zooms 60% in a month
Tata Coffee, on April 29, had reported a strong set of results for the quarter ended March 2021, with its consolidated net profit more-than-doubling at Rs 57.37 crore, on the back of healthy sales
 "Tata Coffee logs new all-time high; stock zooms 60% in a month")