 "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 637 - Si Reporter
Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%
Sectorally, the Nifty PSU Bank index jumped another 5.6 per cent today, while the Nifty CPSE and Energy indices settled up to 4 per cent higher
 "Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%")
Tejas Networks gains 10% on government nod to PLI scheme for telecom sector
The PLI scheme for telecom gear will lead to an incremental production of around Rs 2.4 trillion, with exports of around Rs 2 trillion in the next five years
 "Tejas Networks gains 10% on government nod to PLI scheme for telecom sector")
Repco Home, PNB Housing Finance soar up to 18%, hit 52-week highs
The RBI, on Wednesday, came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for HFCs
 "Repco Home, PNB Housing Finance soar up to 18%, hit 52-week highs")
New India Assurance, GIC Re hit 20% upper circuit on privatization buzz
As on December 31, 2020, the government held 85.78 per cent stake in GIC RE, and 85.44 per cent holding in the New India Assurance Company.
 "New India Assurance, GIC Re hit 20% upper circuit on privatization buzz")
Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra
Gujarat Gas, Gujarat State Petronet and Indraprastha Gas rallied up to 18 per cent on the BSE in intra-day trade
 "Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra")
TCNS Clothing surges 26% in 2 days after Nalanda Fund buys 7% stake
On Wednesday, Nalanda India Equity Fund bought 4.32 million equity shares, representing 7.02 per cent stake, in the company though block deals
 "TCNS Clothing surges 26% in 2 days after Nalanda Fund buys 7% stake")
IndiaMART InterMESH shares surge 8% after launch of QIP issue
The board may offer a discount of 5 per cent on the floor price at its discretion, the company said
 "IndiaMART InterMESH shares surge 8% after launch of QIP issue")
PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high
In the past one week, Bank of Maharashtra and Indian Overseas Bank have surged up to 67 per cent on report that the government has shortlisted four mid-sized state-run banks for privatisation
 "PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high")
Dish TV jumps 6% as board approves raising up to Rs 1,000 crore
The company and its promoters settled with Sebi cases of alleged disclosure lapses after paying nearly Rs 45 lakh as settlement charges
 "Dish TV jumps 6% as board approves raising up to Rs 1,000 crore")
Stocks to watch: Bharti Airtel, IndiaMart, Dish TV, GAIL, Ambuja Cements
Dish TV's board, on Wednesday, approved raising funds of up to Rs 1,000 crore
 "Stocks to watch: Bharti Airtel, IndiaMart, Dish TV, GAIL, Ambuja Cements")
Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally
In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.
 "Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally")
Greaves Cotton extends rally on improved Q3 results; stock up 32% in 1 week
New electric vehicles (EV) capacity expansion plans in South India will help to provide best-in-class electric vehicles & help accelerate overall EV adoption in India, the company said
 "Greaves Cotton extends rally on improved Q3 results; stock up 32% in 1 week")
Happiest Minds Technologies surges 14%, hits new high amid heavy volumes
Brokerage Nomura initiate coverage on Happiest Minds Technologies with a 'Buy' rating and target price of Rs 480 per share
 "Happiest Minds Technologies surges 14%, hits new high amid heavy volumes")
Route Mobile, OnMobile Global & 6 other stocks rally over 50% in a week
Route Mobile hit a new high of Rs 1,979 on the BSE in intra-day trade today
 "Route Mobile, OnMobile Global & 6 other stocks rally over 50% in a week")
Nestle India shares decline 5% as December quarter results disappoint
Brokerage HDFC Securities in a results update said moderation in in-home consumption categories will impact key brands but revival in OOH will support growth
 "Nestle India shares decline 5% as December quarter results disappoint")
Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days
Finance Minister Nirmala Sitharaman proposed to divest stake in two PSBs while unveiling Budget 2021 proposals
 "Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days")
Tata Consumer Products gains 3% on report Group could buy Big Basket
The deal worth Rs 9,300-9,500 crore - biggest in the online grocery space so far-values BigBasket at Rs 13,500 crore
 "Tata Consumer Products gains 3% on report Group could buy Big Basket")
Adani Ports gains 5%, hits new high on completing Dighi Port acquisition
APSEZ plans to invest over Rs 10,000 crore to develop the port into a multi-cargo port and investing in the development of rail and road evacuation infrastructure
 "Adani Ports gains 5%, hits new high on completing Dighi Port acquisition")
Stocks to watch: Nestle India, Adani Ports, L&T Finance, Heritage Foods
L&T Finance said it has closed its rights issue and raised over Rs 2,998 crore
 "Stocks to watch: Nestle India, Adani Ports, L&T Finance, Heritage Foods")
Varun Beverages narrows loss to Rs 7 cr in December quarter; shares skid 4%
Ebitda increased by 48.8 per cent to Rs 172.23 crore from Rs 115.74 crore reported in Q4CY20. Ebitda margins, too, improved by 346 bps in Q42020
 "Varun Beverages narrows loss to Rs 7 cr in December quarter; shares skid 4%")