Page 640 - Si Reporter

Sensex skids 531 pts; RIL, IndusInd Bank dip 5%, pharma stocks outperform

India VIX ticked up 4 per cent

Stocks to watch: RIL, Tata Motors, YES Bank, L&T, IndusInd Bank, Grasim

Larsen and Toubro is expected to report a strong sequential rebound in performance in Q3FY21 on the back of a healthy order inflow across verticals

Sensex ends at day's low, down 746 pts ; Bajaj Auto jumps 11%; RIL down 2%

Shares of Reliance Industries ended 2.4 per cent lower on Friday ahead of the announcement of its December quarter results. The shares have surged around 6 per cent during the week

Nifty Metal index slips 4%; SAIL, Jindal Steel tumble up to 14%

Welspun Corp, Hindalco Industries, Hindustan Copper and JSW Steel were down 5 per cent in intra-day trade on the NSE

SBI Cards gains 5%, hits new high on assets quality improvement in Q3

With adequate provisions already accounted in earnings, growth steadily making a comeback led by spends and fresh card issuances, analysts see SBI Cards to be an early player exiting out of Covid-19

Bandhan Bank sinks 11% in 2 days on disappointing December quarter results

Bandhan Bank reported a sharp deterioration in asset quality trends with pro-forma gross non-performing assets (GNPA) ratio increasing to 7.1 per cent

Cyient soars 15% on expectation of margin improvement in March quarter

The management said it expects sequential improvement in margins in Q4FY21 driven by the increase in volume and improvement in operational efficiencies

Auto stocks in top gear; Bajaj Auto surges 9% on strong performance in Q3

Bajaj Auto said the operating performance was driven by favorable mix, lower marketing spends, and operating leverage

Biocon tanks 10% on lower-than-expected December quarter results

Due to professional differences with the chairperson on strategic priorities and the vision for the company, Dr Christiane Hamacher has stepped down as the MD of Biocon Biologics

JK Tyre zooms 51% in 4 days, hits fresh 52-week high on robust Q3 results

The strong performance during the quarter was largely driven by the increased demand for passenger, commercial vehicle as well as farm tyres

Stocks to watch: RIL, YES Bank, Vedanta, HDFC Bank, SBI Card, Biocon

SBI Cards and Payment Services reported nearly 52 per cent dip in its net profit to Rs 210 crore in the third quarter ended December 2020

Sensex gives up 50K, ends 167 pts down; Nifty at 14,590; PSBs, metals hit

All the key sectoral indices ended the day in a sea of red

Kajaria Ceramics gains 7%, hits record high on strong Q3 operating margin

The company said its operating margins have touched a new high of 21.68 per cent in the October-December quarter

Saregama India advances 13% on strong December quarter results

The company said the fast growing digitisation-of-India, buoyed by the present Covid-19 situation, is the key driver of change in content consumption habits

Hindustan Zinc dips 3% on profit booking post December quarter results

Analysts at Emkay Global Financial Services believe the stock already captures any upside in the near term, however, a dividend yield of 7.4 per cent supports valuations

Tata Motors, IDFC First Bank, JK Tyre rally over 50% in one month

Shares of JK Tyre & Industries soared 13 per cent hit hit its fresh 52-week high of Rs 120 today.

RIL hits over 2-month high on Sebi nod to Future Group-Reliance Retail deal

Sebi gave a go-ahead to Future Group's scheme of arrangement and sale of assets to Reliance

Consumer Durables index at new high; Voltas, Crompton, Polycab up over 5%

Havells India reported healthy Q3 performance on the back of strong festive demand, market share gains and increased penetration in smaller towns

Havells India surges 6%, hits new high on strong December quarter results

The company said the supply chain disruption faced by suppliers with high import dependence has further supported market share gains

Stocks to watch: RIL, Axis Bank, Bajaj Auto, Bajaj Finance, Lauras Labs

Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities