Page 623 - Si Reporter

Sensex gains 257 pts, ends above 49K; Nifty holds 14,800; Nifty Metal up 5%

Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers

Vaibhav Global trades ex-split; stock zooms 19%, scales new high

The company has split the stock in the ratio of 1:5, i.e. equity share of face value Rs 10 has been split into five shares of face value Rs 2

Tata Consumer Products declines 6% on weak operational performance in Q4

Ebitda growth for the quarter was impacted by tea inflation in India and increased A&P investments, that more than offset the strong Ebitda growth in India food and International business

Praj Ind jumps 11%, hits new high on robust Q4 nos; stock up 100% in 3 mths

The management said the activity levels have remained positively elevated with continued traction in enquiries across several business verticals, including some significant order wins

Vedanta regains Rs 1-trillion m-cap; stock surges 7%, hits 3-year high

In the past six months, the stock has zoomed nearly 200 per cent on healthy and improving operating performance, supported by stable volume across business segments and increased commodity prices

SBI Life Insurance surges 7%, hits record high after large block deals

US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell 3.5 per cent stake in SBI Life Insurance amounting to Rs 3,308 crore, a report said

Stocks to watch: Hero MotoCorp, HDFC, Tata Consumer, Adani Power, UltraTech

UK-based fintech company, Infinity Circle, has selected Zensar Technologies for the end-to-end development of its next-gen wealth management platform

Indian Energy Exchange gains 5% on strong business update for April

The day-ahead market traded 5,699 MU volume in April 2021, achieving a significant 54 per cent YoY growth

Sensex ends lacklustre trade 272 pts up; Nifty tops 14,700; metal, IT rally

The benchmark S&P BSE Sensex swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively

IT shares in focus; Wipro, Coforge, Mindtree, Mphasis hit new highs

Mastek, Intellect Design Arena, Sasken Technologies, Newgen Software Technologies, Nucleus Software Services and Sonata Software were up in the range of 5 per cent to 11 per cent in intra-day deals

Angel Broking zooms 20% post March quarter results; stock up 77% in a month

Angel Broking registered the highest ever quarterly and yearly gross client addition of approximately 1 million and 2.4 million clients in Q4FY21 and FY21, respectively

Anupam Rasayan rallies 13% in 2 days after Plutus Wealth buys stake

On May 5, Plutus Wealth Management purchased 1 million shares, representing 1 per cent stake of Anupam Rasayan India, for Rs 64.75 crore

Coforge advances 10% on healthy March quarter performance

The company is planning for an organic growth of at least 17% in constant currency terms during FY22 and an expansion of EBITDA margin from 18% in FY21 to 19% in FY22

Tata Steel gains 6%, hits new high on strong March quarter results

In the past one month, Tata Steel has rallied 30 per cent, against 0.74 per cent decline in the S&P BSE Sensex

IDBI Bank shares zoom 15% as Cabinet gives in-principle nod to divestment

The government and LIC together own 94.72 per cent of equity of IDBI Bank

Stocks to watch: Hero MotoCorp, IDBI Bank, Tata Steel, Coforge, Icra

Tata Steel reported a higher-than-expected consolidated net profit at Rs 6,644 crore in the March quarter (Q4) of FY21, against a net loss of Rs 1,481 crore in the corresponding period last year

JSW Energy gains 9% as Moody's, Fitch assign credit ratings to arm notes

The rating has been assigned to JSW Hydro Energy Limited's proposed US-dollar senior secured notes due 2031.

Shipping shares in focus; GE Shipping surges 14% to hit over 3-year high

In the past two weeks, GE Shipping has rallied 36 per cent after HDFC Mutual Fund bought an additional over 2 per cent stake in the company via open market

Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief

The RBI announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to Rs 10,000 crore at repo rate for deploying for fresh loans SFBs

Lupin soars 8%, hits over three-year high on heavy volumes

The stock surpassed its previous high of Rs 1,121.85 touched on September 2020 and was trading at the highest level since July 2017