 "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 624 - Si Reporter
RBI's liquidity shot lifts pharma, bank stocks; Sensex leaps 424 pts
The RBI's well guarded measures which, analysts believe, are tuned to the evolving situation may support the economy going forward
 "RBI's liquidity shot lifts pharma, bank stocks; Sensex leaps 424 pts")
Hikal hits new high on signing 10-year deal with global pharma Co
This contract entails the development and supply of a portfolio of niche APIs (Active Pharmaceutical Ingredient) over a period of 10 years
 "Hikal hits new high on signing 10-year deal with global pharma Co")
Stocks to watch: Tata Steel, Adani Ports, RBL Bank, HAL, SBI Card, Affle
Fitch Ratings has assigned JSW Hydro Energy's proposed US-dollar senior secured notes an expected rating of 'BB+(EXP)' with a stable outlook
 "Stocks to watch: Tata Steel, Adani Ports, RBL Bank, HAL, SBI Card, Affle")
Consolidation continues on D St; Sensex falls 465 pts; Nifty PSU Bank up 3%
Nearly 35 of the 50 constituents on the index ended the day in the red including Tata Consumer Products (down 4.3 per cent), Cipla, Reliance Industries, Dr Reddy's Labs, and Hindalco Industries
 "Consolidation continues on D St; Sensex falls 465 pts; Nifty PSU Bank up 3%")
IndiaMART hits over 3-month low; slips 18% in 3 days post Q4 results
The stock has corrected 27 per cent from its all-time high level of Rs 9,952 touched on February 5
 "IndiaMART hits over 3-month low; slips 18% in 3 days post Q4 results")
Gateway Distriparks extends rally on robust Q4 nos; surges 51% in 6 days
The board approved the payment of first interim dividend of Rs 5 per equity share for the current financial year 2021-22
 "Gateway Distriparks extends rally on robust Q4 nos; surges 51% in 6 days")
Tata Elxsi hits new high, rallies 36% in 9 days post stellar Q4 results
In the past one year, the stock has zoomed 432 per cent, against 54 per cent jump in the benchmark S&P BSE Sensex
Tata Chemicals slips 8% on weak operational performance in March quarter
The management said during the quarter, the company's profits was muted due to one off in US operations caused by Polar Vortex leading to sharp rise in gas prices.
 "Tata Chemicals slips 8% on weak operational performance in March quarter")
With Rs 55,500 crore m-cap, SAIL enters 100 most-valued Indian firms' club
In the intra-day today, the stock hit an over nine-year high of Rs 135.60, up 6 per cent, on the BSE. In the past six weeks, it has zoomed 85 per cent
 "With Rs 55,500 crore m-cap, SAIL enters 100 most-valued Indian firms' club")
Supreme Industries hits record high on strong March quarter results
The long-term outlook for the company remains positive given its market leading position in the piping segment where government reforms will keep the demand strong, ICICI Securities said
 "Supreme Industries hits record high on strong March quarter results")
SBI Life slips on profit booking after hitting fresh 52-week high
Analysts remain watchful of the impact of the lockdowns announced in various key states due to the resurgence in Covid-19 cases
 "SBI Life slips on profit booking after hitting fresh 52-week high")
Stocks to watch: Adani Ports, JSW Energy, Tata Chemicals, LTTS, ICICI Bank
Larsen & Toubro Technology Services (LTTS) posted a 5 per cent decline in consolidated net profit at Rs 194.5 crore in the March 2021 quarter
 "Stocks to watch: Adani Ports, JSW Energy, Tata Chemicals, LTTS, ICICI Bank")
Sugar stocks on a roll; Dwarikesh, Dhampur, Uttam, Dalmia soar over 15%
India's sugar industry is well poised to benefit from global and domestic factors.
 "Sugar stocks on a roll; Dwarikesh, Dhampur, Uttam, Dalmia soar over 15%")
Titan dips 4%, trades lower for third straight day post Q4 results
Margins were muted primarily due to lower gross margins in both Jewellery and Watch segments basically arising out of higher sale of lower margin products
 "Titan dips 4%, trades lower for third straight day post Q4 results")
This smallcap pharma stock has zoomed 101% in a month
On April 28, Morepen Group sealed $100 million (Rs 750 crore approx.) investment from Corinth Group of Switzerland
 "This smallcap pharma stock has zoomed 101% in a month")
Laurus Labs shares advance 5% on strong growth outlook
Laurus is well poised to follow the success story of some leading CDMO players backed by strong chemistry and integrated model
 "Laurus Labs shares advance 5% on strong growth outlook")
Natco Pharma gains 4% on emergency use approval for Covid-19 medicine
The company has received Emergency Use approval for Baricitinib tablets, 1mg, 2mg and 4mg strengths from Central Drugs Standard Control Organization (CDSCO) in India
 "Natco Pharma gains 4% on emergency use approval for Covid-19 medicine")
KPR Mill extends rally on strong Q4 results; stock zooms 37% in 7 days
The company said that the new expansion project of 42 million garments factory and sugar cum ethanol plant was progressing as per schedule
Marico surges 8%, hits new high on strong March quarter results
The company posted a 25 per cent volume growth with healthy growth in Parachute & value added hair oils (VAHO) on the back of a low base quarter
 "Marico surges 8%, hits new high on strong March quarter results")
YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore
The private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago
 "YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore")