 "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 634 - Si Reporter
Decline in banks outweighs gains in IT, pharma stocks; Sensex slips 87 pts
IndusInd Bank, Power Grid, ICICI Bank, Tata Motors, HDFC Bank, Reliance Industries, and Axis Bank, down up to 4 per cent, were the top laggards on both the benchmarks
 "Decline in banks outweighs gains in IT, pharma stocks; Sensex slips 87 pts")
This pharma stock has zoomed over 10,000% in 96 trading days
Orchid Pharma shares were locked in the upper circuit for the 96th straight trading day
 "This pharma stock has zoomed over 10,000% in 96 trading days")
ACC, Ambuja Cements gain up to 7% in a weak market; trade near record highs
Over the medium-term, the companies expect all India cement demand to grow at around 5-6 per cent on an average, mainly on the back of rural housing, followed by infrastructure segment
 "ACC, Ambuja Cements gain up to 7% in a weak market; trade near record highs")
NMDC gains 2% on hike in iron ore prices; stock goes ex-dividend today
The prices of lumps & fines have been increased by Rs 250 & Rs 100 per tonne, respectively.
 "NMDC gains 2% on hike in iron ore prices; stock goes ex-dividend today")
Vidhi Specialty Food hits new record high; stock zooms 52% in one week
The management believes that there is a robust demand for the company's product in the market and demand-supply gap will exist with very few players in the industry.
 "Vidhi Specialty Food hits new record high; stock zooms 52% in one week")
Nilkamal hits over 2-year high as promoters increase stake via open market
The stock of plastic products company surpassed its previous high of Rs 1,985 touched on February 12, 2021
 "Nilkamal hits over 2-year high as promoters increase stake via open market")
Intellect Design Arena zooms 69% so far in March on healthy revenue outlook
Healthy traction in IGCB and iSEEC is expected to drive revenues going forward
 "Intellect Design Arena zooms 69% so far in March on healthy revenue outlook")
Adani Green hits 5% upper circuit on wining 300 MW wind power project
With this project, AGEL's total renewable capacity now stands at 15,165 MW, of which 3,395 MW renewable plants are operational and 11,770 MW projects are under implementation.
 "Adani Green hits 5% upper circuit on wining 300 MW wind power project")
Stocks to watch: Adani Green, Tata Motors, Power Grid, Majesco, JSW Energy
Competition Commission of India said it has cleared Tata Power's proposed acquisition of 51 per cent stake in North Eastern Electricity Supply Company of Odisha Ltd
 "Stocks to watch: Adani Green, Tata Motors, Power Grid, Majesco, JSW Energy")
Bulls return to D-St after 6 days; Sensex up 642 pts, Nifty tad below 14750
Mood on D Street changed after Moody's Analytics said India's economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year
 "Bulls return to D-St after 6 days; Sensex up 642 pts, Nifty tad below 14750")
Aarti Drugs advances 15% as board approves buyback at Rs 1,000 per share
The board of directors has fixed April 1 as record date for ascertaining the shareholder who will participate in the proposed buyback.
 "Aarti Drugs advances 15% as board approves buyback at Rs 1,000 per share")
Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450
The stock of Mumbai-based real estate developer was quoting lower for the sixth straight trading day
 "Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450")
Stove Kraft tumbles for 10th straight day, down 26% from March high
Shares of Stove Kraft had staged a strong debut on the bourses on February 5 as the stock got listed at Rs 498, a 29 per cent premium over its issue price of Rs 385 on the NSE
 "Stove Kraft tumbles for 10th straight day, down 26% from March high")
Indo Count Industries shares soar 12% on Rs 200-crore capex plan
The company said that it decided to undertake expansion and modernization considering the increasing demand and growing business volume
 "Indo Count Industries shares soar 12% on Rs 200-crore capex plan")
Future group stocks slip as Delhi High Court puts RIL deal on hold
Future Retail (Rs 55.85), Future Lifestyle Fashions (Rs 64.85), Future Enterprises (Rs 8.60), and Future Consumer (Rs 6.42) were locked in 10 per cent lower circuit
 "Future group stocks slip as Delhi High Court puts RIL deal on hold")
Easy Trip Planners makes tepid debut, lists at 13% premium over issue price
The stock, which got listed at Rs 212 on the National Stock Exchange, hit the level of issue price (Rs 187) on the NSE in the intra-day trade
 "Easy Trip Planners makes tepid debut, lists at 13% premium over issue price")
ICRA surges 9% after Parag Parikh Flexi Cap Fund buys stake
On March 18, PPFAS Mutual Fund A/C Parag Parikh Flexi Cap Fund purchased 201,655 shares, representing 2.09 per cent stake, in ICRA for Rs 56.06 crore
 "ICRA surges 9% after Parag Parikh Flexi Cap Fund buys stake")
IEX scales new high in a weak market, rallies 22% in seven days
In the past three months, the stock of IEX has outperformed the market by surging 65 per cent as against a 4.3 per cent rise in the S&P BSE Sensex
 "IEX scales new high in a weak market, rallies 22% in seven days")
Stocks to watch: Easy Trip, RIL, Deepak Nitrite, Bharti Airtel, IT stocks
Shares of Reliance Industries and Future Group companies could react after the Delhi High Court upheld the Emergency Award that Amazon had won against Future Retail-RIL deal
 "Stocks to watch: Easy Trip, RIL, Deepak Nitrite, Bharti Airtel, IT stocks")
Nifty IT index slips over 4% on profit booking; Infosys, HCL Tech tank 5%
In the month of March, the IT index has outperformed the market by surging 7.7 per cent as against a 1.3 per cent gain in the benchmark index till Wednesday
 "Nifty IT index slips over 4% on profit booking; Infosys, HCL Tech tank 5%")