Page 621 - Si Reporter

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

Sensex slips 291 pts amid weak global cues; pharma, PSB stocks rally

Coal India, Cipla, Sun Pharma, UPL, Nestle India, Indian Oil Corporation, Tech M, Axis Bank, and SBI Life were the top gainers of the day

Retail investors miss rally in Gland Pharma; stock up 118% over IPO price

At the time of its IPO, retail investors bid for only 24 per cent or 0.24 times of the shares set aside for them

Birla Corp rallies 31% in 2 weeks post Q4 results; stock nears record high

The company said it made up for its loss in production and sales at the beginning of the financial year by aggressively rationalising costs

Minda Corp jumps 7% on stellar March quarter results, dividend bounty

The automobile component maker reported a consolidated net profit of Rs 12.92 crore for the March quarter of FY21 as against a loss of Rs 299.78 crore in the year-ago period

Torrent Pharma shares rise 6% post March quarter results

HDFC Securities said that Torrent's Q4 results were largely in line with their estimates as strong trends in India and Germany offset weak US

Jindal Stainless (Hisar) scales 52-week high on robust Q4 show

In the post-pandemic period, JSHL looks forward to increased government procurement as one of the key growth drivers

Tata Motors dips 6% on profit booking post March quarter results

The stock has outperformed the market by gaining 15 per cent in the past two weeks, as compared to a 4 per cent rise in the benchmark index S&P BSE Sensex

Stocks to watch: Tata Motors, Axis Bank, IOC, Minda Corp, Shakti Pumps

Jindal Stainless Hisar (JSHL) reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income

Sensex adds 613 pts; Nifty ends above 15,100; MidCap index hits record peak

In the broader market space, the S&P BSE MidCap index zoomed 1.9 per cent to settle at 21,232 after hitting record peak of 21,255 levels earlier today

BSE Midcap index hits new high led by auto, consumer discretionary stocks

At 02:07 pm, the S&P BSE Midcap index was the top gainer among broader indices, up 1.7 per cent at 21,196.55 points

Easy Trip Planners hits 20% upper circuit on heavy volumes

The company is anticipating the pent up demand to boost the travel and tourism segment post ease in travel restrictions, and vaccination drive carried out by the government

Praj Industries surges 8% on developing eco-friendly bitumen

The Netherlands-based Circular Biobased Delta has approved Praj's Bio-bitumen samples processed from purified lignin, as a part of their flagship CHAPLIN program

Tata Motors up 3%, Tata Motors DVR hits 52-week high ahead of Q4 results

Last week, rating agency Moody's had upgraded the outlook on TML from "negative" to "stable" due to continued recovery in the firm's consolidated revenue and profitability

Shilpa Medicare jumps 26% in 2 days on tie-up with DRL for Covid vaccine

The company has entered into a three-year Definitive Agreement with Dr. Reddy's for production-supply of the Sputnik V vaccine

Adani Green surges 10% in 2 days on report it may acquire SB Energy

According to a Bloomberg report, the deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million

Orient Cement surges 10%, hits 52-week high on strong Q4 results

The company's stellar performance is backed by a 17.1 per cent YoY jump in sales volumes (1.85 MT) along with strong realisations (up 8.5 per cent YoY) in the company's key operating regions

Stocks to watch: Tata Motors, Airtel, Gland Pharma, HCL Tech, Orient Cement

Reliance Jio said it is constructing the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand

Sterling and Wilson Solar extends fall amid margin concerns; stock dips 11%

The management believes that recent one-off events would materially impact the costs of the affected projects under execution, impacting margins for the year end March 31, 2021

Cheviot Co zooms 20% as firm announces special dividend of Rs 175 per share

The company has fixed July 16, 2021, as the record date fixed for the purpose of dividend