 "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 719 - Si Reporter
Rupee gains 24 paise against US dollar in early trade
The domestic currency on Friday closed almost flat at 71.14 per US dollar amid hardening crude oil prices and lacklustre global cues.
 "Rupee gains 24 paise against US dollar in early trade")
MARKET WRAP: Sensex up 95 pts; PSBs rally; Bajaj Auto up 1% post Q2 results
Sectorally, Nifty Auto and PSU Bank indices ended the day as top gainers, up between 1.3 to 1.8 per cent.
 "MARKET WRAP: Sensex up 95 pts; PSBs rally; Bajaj Auto up 1% post Q2 results")
Affle India soars 17% on filing 14 tech patents in Singapore, US
The stock, which was trading at its highest level since its listing on August 8, 2019, has appreciated by 91 per cent as against the issue price of Rs 745 per share.
 "Affle India soars 17% on filing 14 tech patents in Singapore, US")
SBI Life Insurance joins Rs 1-trillion m- cap club, stock hits record high
In a note on Tuesday, Morgan Stanley said SBI Life could be among the three stocks that could be included in the MSCI India index.
 "SBI Life Insurance joins Rs 1-trillion m- cap club, stock hits record high")
ICICI Securities surges 10% to hit 52-week high post Q2 results
In the past two months, ICICI Securities has outperformed the market by surging 57 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.
 "ICICI Securities surges 10% to hit 52-week high post Q2 results")
Jubilant FoodWorks rallies 12% in two days on better-than-expected Q2 nos
The master franchisee of Domino's Pizza and Dunkin' Donuts in India reported a better-than-expected 12 per cent year on year (YoY) growth in net sales at Rs 988 crore in Q2FY20.
 "Jubilant FoodWorks rallies 12% in two days on better-than-expected Q2 nos")
Infosys bounces back 6% from day's low on heavy volumes
According to news reports, markets regulator Securities and Exchange Board of India (Sebi) could seek clarification from the IT major on charges level levelled by the whistle-blower.
 "Infosys bounces back 6% from day's low on heavy volumes")
RBL Bank tanks 20%, hits life-time low as net profit dips 74% in Q2
he bank's standalone PAT plummeted 74 per cent year on year (YoY) at Rs 54 crore due to higher provisioning for bad loans
 "RBL Bank tanks 20%, hits life-time low as net profit dips 74% in Q2")
Stocks to watch: Infosys, Axis Bank, DHFL, Siemens, SBI Life, HCL Tech
Here is a list of stocks that could see major movements today
 "Stocks to watch: Infosys, Axis Bank, DHFL, Siemens, SBI Life, HCL Tech")
MARKET WRAP: Sensex slips 335 pts; Infosys sees biggest 1-day fall in 6 yrs
All that happened in markets today.
 "MARKET WRAP: Sensex slips 335 pts; Infosys sees biggest 1-day fall in 6 yrs")
Infosys tumbles 16% as whistleblowers accuse of unethical practices
The anonymous letter alleges the current management is taking 'unethical' steps to raise short-term revenue and profit.
 "Infosys tumbles 16% as whistleblowers accuse of unethical practices")
Granules India trades near 52-wk high, surges 18% after PAT jumps 59% in Q2
While operational income grew 20 per cent at Rs 700 crore as against Rs 581 crore in the year ago quarter, Ebitda (earnings before interest, tax, depreciation and amortization) margin expanded 322 bps
 "Granules India trades near 52-wk high, surges 18% after PAT jumps 59% in Q2")
DLF gains for seventh straight day, rallies 37% from 52-week low in October
Realty major DLF on October 2 said it had settled the entire Rs 8,700 crore amounts payable to DLF Cyber City Developers Ltd (DCCDL).
 "DLF gains for seventh straight day, rallies 37% from 52-week low in October")
Insurance companies gain, HDFC Life, ICICI Lombard, SBI Life hit new high
Hindustan Unilever (HUL), Nestle India, Bata India, Berger Paints, Info Edge (India), Manappuram Finance, Siemens, Voltas and Whirlpool of India, too, hit new highs today.
 "Insurance companies gain, HDFC Life, ICICI Lombard, SBI Life hit new high")
Tata Motors slumps 5% over delayed Brexit deal vote; investors book profit
Jaguar Land Rover Automotive Plc (JLR) is Britain's largest automobile manufacturer, housing two iconic British brands under the Tata group.
 "Tata Motors slumps 5% over delayed Brexit deal vote; investors book profit")
Ambuja Cements slips 7% post September quarter results
According to the management, the demand and realisation were under pressure in western markets owing to heavy floods while Northern markets show strength.
 "Ambuja Cements slips 7% post September quarter results")
HDFC Bank adds 2% after PAT jumps 27% in September quarter
Provisions in the quarter, however, rose 3.33 per cent QoQ basis to Rs 2,700.81 crore. These included specific loan-loss provisions of Rs 2,038 crore and general and other provisions of Rs 662.7 crore
 "HDFC Bank adds 2% after PAT jumps 27% in September quarter")
Stocks to watch: Infosys, RIL Axis, HDFC Bank, Bajaj Finance, Asian Paints
Here's a list of top stocks that may remain in focus today.
NIIT falls 15% as stock turns ex-date for share buyback
On August 10, 2019, NIIT's Board had approved to buyback up to 26.8 million equity shares at Rs 125 per share for Rs 335 crore.
 "NIIT falls 15% as stock turns ex-date for share buyback")
SBI Life hits new high on strong Q2 results, rallies 10% in two days
SBI Life reported strong growth of 33.3 per cent year-on -year (YoY) and 17.5 per cent YoY in gross written premium (GWP) and new business annualized premium equivalent (APE), respectively in Q2FY20