 "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 626 - Si Reporter
Indices decline for 3rd straight week; Sensex slips 202 pts, ends below 48K
The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets
 "Indices decline for 3rd straight week; Sensex slips 202 pts, ends below 48K")
Laurus Labs hits new high in subdued market, surges 30% in a month
The company is scheduled to meet on April 29, 2021, to consider and approve the audited financial results of the company for the financial year ended March 31, 2021
 "Laurus Labs hits new high in subdued market, surges 30% in a month")
This Kacholia-owned medical equipment stock has rallied 113% in 3 months
Ace investor Ashish Kacholia held 1.70 million equity shares, or a 1.77 per cent stake, in Poly Medicure at the end of March quarter
 "This Kacholia-owned medical equipment stock has rallied 113% in 3 months")
Alkyl Amines rallies 11% in two days on fixing record date for stock split
The company fixed May 12 as the record date for the subdivision of face value of equity shares from Rs 5 to Rs 2
 "Alkyl Amines rallies 11% in two days on fixing record date for stock split")
Wipro pips HCL Tech in m-cap to become third most-valued Indian IT firm
At 09:37 am, Wipro's market-cap stood at Rs 2.65 trillion while that of HCL Technologies was Rs 2.62 trillion, BSE data shows
 "Wipro pips HCL Tech in m-cap to become third most-valued Indian IT firm")
Tata Elxsi surges 9%, hits new high on healthy March quarter results
The company announced a final dividend of Rs 24 per share for the year 2020-21 along with a one-time special dividend of Rs 24 per share, subject to tax
 "Tata Elxsi surges 9%, hits new high on healthy March quarter results")
Stocks to watch: HCL Tech, Torrent Power, Rallis India, Tata Elxsi, Infosys
Infrastructure investment trust IndiGrid on Thursday announced a public issue of non-convertible debt securities to raise up to Rs 1,000 crore
 "Stocks to watch: HCL Tech, Torrent Power, Rallis India, Tata Elxsi, Infosys")
Investors dump FMCG for financials; Sensex gains 375 pts, ends above 48K
From a low of 30,555 hit earlier in the day, the Nifty Bank index ended at 31,783, up 2.15 per cent
 "Investors dump FMCG for financials; Sensex gains 375 pts, ends above 48K")
ICICI Securities advances 8% on healthy March quarter results
The robust profit was on account of growth in revenue and improvement in margins.
Sugar shares in demand; Balrampur, Dalmia Bharat rally over 30% in a month
Balrampur Chini Mills hit a new high of Rs 273 on Thursday, rallying 9 per cent on the BSE in intra-day trade
 "Sugar shares in demand; Balrampur, Dalmia Bharat rally over 30% in a month")
Den Networks slips 11% on calling off merger with TV18 Broadcast
Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme," Den Networks said
 "Den Networks slips 11% on calling off merger with TV18 Broadcast")
Swaraj Engines surges 8% on strong March quarter results, dividend bounty
The company announced a total dividend of Rs 69 per share for the financial year 2020-21, including a special dividend of Rs 19 per share
 "Swaraj Engines surges 8% on strong March quarter results, dividend bounty")
This healthcare products stock has zoomed 102% thus far in April
Shares of Nureca were locked in the upper circuit for the fourth straight day, up 5 per cent at Rs 1,218.60 on the BSE
 "This healthcare products stock has zoomed 102% thus far in April")
Tata Steel gains 5% on strong operational performance by Tata Steel BSL
Tata Steel BSL's consolidated net profit more-than-doubled to Rs 1,913 crore in Q4FY21, against Rs 913 crore in December quarter (Q3FY21)
 "Tata Steel gains 5% on strong operational performance by Tata Steel BSL")
Panacea Biotech stock hits over 12-year high; zooms 83% thus far in April
Serum Institute of India Private Limited, the world's largest vaccine manufacturer by number of doses produced and sold globally, held 4.98 per cent stake in Panacea Biotech
 "Panacea Biotech stock hits over 12-year high; zooms 83% thus far in April")
Stocks to watch: Nestle India, Hero Moto, ICICI Securities, Cyient, Lupin
Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22
 "Stocks to watch: Nestle India, Hero Moto, ICICI Securities, Cyient, Lupin")
Macrotech Developers trades above issue price; up 22% from debut day's low
The stock rallied 11% to Rs 514 in the intra-day trade today and is up 22 per cent from its Monday's low of Rs 421 on the BSE.
 "Macrotech Developers trades above issue price; up 22% from debut day's low")
Pharma index hits record high as govt launches phase 3 of Covid vaccination
Cipla, Gland Pharma, JB Chemicals and Pharma, Max Healthcare, Neuland Lab and Apollo Hospital from BSE Healthcare index hit their respective record highs today
 "Pharma index hits record high as govt launches phase 3 of Covid vaccination")
Everest Kanto Cylinder zooms 44% in 2 days; stock hits over 10-year high
Given the acute shortage of oxygen cylinders amid rising Covid-19 cases in India, the company is expected to see volume growth in its medical equipment segment
 "Everest Kanto Cylinder zooms 44% in 2 days; stock hits over 10-year high")
Subex surges 32% in 2 days ahead of new product launch
The company will be launching the new AI automation platform on Thursday, April 22, 2021 and specific details of the same will be unveiled on the launch day
 "Subex surges 32% in 2 days ahead of new product launch")