Page 633 - Si Reporter

RIL, banks drag Sensex 871 pts lower at 49,180, Nifty below 14,550

Weightage-wise, Reliance Industries, ICICI Bank, HDFC Bank, HDFC, Infosys, Axis Bank, ITC, and SBI were responsible for 600 points cut in the Sensex

Rail Vikas Nigam shares decline 9% as govt begins stake sale via OFS

The floor price has been fixed at Rs 27.50 a share, a 9.54 per cent discount to Tuesday's closing price of Rs 30.40 apiece on the BSE

CG Power hits over 2-year high ahead of board meet for preferential issue

The board is scheduled to be held on Thursday, March 25, to consider issue of equity shares on preferential allotment basis to Standard Chartered Bank (Singapore)

Aarti Industries hits all-time high; stock rallies 13% in four days

Analysts at Geojit Financial Services expect the company's specialty chemical margins to improve going ahead, led by better improved off-take from its discretionary portfolio

This Adani Group stock has zoomed 93% so far in March

Last week, the Supreme Court had dismissed a review petition filed by power distribution companies (discoms) of Rajasthan on the compensatory tariff issue with Adani Power Rajasthan

Rossari Biotech slips 5% after board approves Rs 300 cr preferential issue

Rossari proposes to utilise the net proceeds to evaluate and invest in inorganic growth opportunities, within its core chemistries, with a view to diversify its product portfolio

Anupam Rasayan makes weak market debut, lists at 6% discount

On the BSE, the stock fell as much as 10 per cent to Rs 501.15 in intra-day trade

KPIT Technologies surges 12%, hits record high in a weak market

On March 10, Kishor Patil, the promoter of KPIT Technologies had sold 6.05 million equity shares, worth Rs 94 crore, of the company via block deals

Stocks to watch: Anupam Rasayan, Rail Vikas Nigam, Hero MotoCorp, RIL, IFCI

Tata Group's holding in Tata Communications has increased to 58.87 per cent after the government sold stake to Tata Sons' unit Panatone Finvest

Sensex ends 280 pts up; bank stocks gain post SC verdict in moratorium case

Sectorally, the Nifty PSU Bank index emerged as the winner with 3 per cent gains by close. The other two banking indices too settled 1.7 per cent higher each

Alkyl Amines surges 12%, hits fresh high ahead of stock split

The company got the shareholders' approval for the sub division of face value of equity shares from Rs 5 to Rs 2

Insecticides board to mull share buyback on March 30; stock surges 11%

The board of directors of the agrochemicals company is scheduled to meet on March 30, to consider share buyback proposal.

Bank stocks rally post Supreme Court verdict in loan moratorium case

The SC said that no direction can be issued to the government or RBI to announce any particular financial packages or reliefs

Easy Trip Planners tumbles 7%, drops below IPO price of Rs 187

Hotels and resorts in tourist places in Maharashtra have seen up to 30 per cent rise in cancellations and new bookings even as the state reports the sharpest increase in new Covid-19 cases

Deepak Nitrite gains 8% in three days on Crisil's credit rating upgrades

Going forward, growth over the medium term will be driven by trecovery in demand from Basic Chemical (BC) and Performance Product (PP) segments and continued steady outlook for FSC and Phenol segments

Adani Ports jumps 5% as it acquires controlling stake in Gangavaram Ports

The Adani Ports had announced acquisition of Warburg Pincus's 31.5 per cent stake in GPL on March 3, 2021 and together with today's acquisition, APSEZ would now have 89.6 per cent stake in GPL

Adani Green Energy becomes first Group co to join Rs 2-trillion m-cap club

In the past one year, Adani Total Gas has seen its market value appreciate by 908 per cent, while that of AGEL has soared by 873 per cent

Jubilant Ingrevia rises 5% as Rakesh Jhunjhunwala raises stake in firm

The shares of the firm were listed on the bourses on March 19 in the list of T Group of Securities

KEC International zooms 5% on winning orders worth Rs 1,429 crore

The Transmission & Distribution (T&D) business has secured orders of Rs. 701 crore for T&D projects from Power Grid Corporation of India Ltd. (PGCIL) and other customers in India, East Asia Pacific an

Stocks to watch: Maruti Suzuki, bank stocks, Jubilant Ingrevia, BPCL, BEML

Moody's Investors Service revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating