 "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 453 - Si Reporter/undefined
Sensex ends 304 pts up, Nifty tests 21,000 as RBI leaves rates untouched
Closing Bell on December 8, 2023: The BSE Sensex touched a high of 69,894, whil the Nifty hit a peak at 21,006. Infosys, HDFC Bank and ICICI Bank were the major movers on Friday.
 "Sensex ends 304 pts up, Nifty tests 21,000 as RBI leaves rates untouched")
Rate sensitive shares mostly higher as RBI holds repo rate; Auto pack lags
The RBI held the repo rate steady at 6.5 per cent and raised the FY24 GDP forecast to 7 per cent from 6.5 per cent
 "Rate sensitive shares mostly higher as RBI holds repo rate; Auto pack lags")
IREDA soars 14% on heavy volumes; stock zooms 129% against issue price
The stock made its debut on November 29. During the past three decades, IREDA has been supporting all forms of RE -- solar, wind, hydro -- and even newer technologies.
 "IREDA soars 14% on heavy volumes; stock zooms 129% against issue price")
IRB Infra surges 7%; hits new high on healthy toll collection in November
The company and the IRB Infrastructure Trust (Private InvIT), has collectively recorded 20 per cent year-on-year rise in toll collection at Rs 437 crore in the month of November 2023.
 "IRB Infra surges 7%; hits new high on healthy toll collection in November")
Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%
Closing Bell on December 7, 2023: Broader indices, however, outperformed on Thursday - the BSE MidCap index advanced 0.7 per cent, while the SmallCap added 0.3 per cent.
 "Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%")
Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%
In the past one month, the S&P BSE Power index has surged 27 per cent, against 7 per cent rise in the S&P BSE Sensex.
 "Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%")
Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr
With this BEL has in all received orders worth of around Rs 18,300 crore till now in the financial year 2023-24.
 "Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr")
Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950
Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today
Angel One zooms 10%, hits record high on solid biz performance in November
Angel One's client base grew 51.3 per cent year-on-year (Y-o-Y) to 18.45 million
 "Angel One zooms 10%, hits record high on solid biz performance in November")
Tata Power soars 6%; hits new high after 20 months on positive outlook
CRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24
 "Tata Power soars 6%; hits new high after 20 months on positive outlook")
These two SME stocks zoom 100% over issue price on debut
Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share.
 "These two SME stocks zoom 100% over issue price on debut")
Patanjali Foods hits record high on healthy biz outlook; soars 24% in 2 mth
The company said it is aiming to increase market share in foods segment through continued focus on biscuits and masala category
 "Patanjali Foods hits record high on healthy biz outlook; soars 24% in 2 mth")
Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850
Closing Bell on December 5, 2023: The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day
 "Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850")
BSE Power index surges nearly 5%; NTPC, Adani Power, ABB hit new peaks
In the past two months, the power index has surged 19 per cent, while in nine months, it zoomed 59 per cent.
 "BSE Power index surges nearly 5%; NTPC, Adani Power, ABB hit new peaks")
DCB Bank gains 5% as Aga Khan Fund mulls fund infusion of $10 million
The purpose is to further strengthen the bank's capital position and support its growth plans
 "DCB Bank gains 5% as Aga Khan Fund mulls fund infusion of $10 million")
Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap
In the past two trading days Adani Group stocks have surged close to 31 per cent in anticipation that India shall witness a stable government post the 2024 general elections.
 "Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap")
Sensex, Nifty end at record highs as BJP clinches 3 state polls; banks soar
Closing Bell on December 4, 2023: The S&P BSE Sensex zoomed over 1,400 points intraday to hit a new record high of 68,918. The Nifty50, on the other hand, hit a fresh lifetime high of 20,703
 "Sensex, Nifty end at record highs as BJP clinches 3 state polls; banks soar")
L&T surges 5% to hit fresh high; surpasses its buyback price of Rs 3,200
In the past month, the stock price of L&T has outperformed the market by surging 15 per cent as compared to a nearly 6 per cent rise in the S&P BSE Sensex
 "L&T surges 5% to hit fresh high; surpasses its buyback price of Rs 3,200")
Inox Wind soars 14% as promoter completes Rs 800 crore fund infusion
Inox Wind announced the completion of infusion of around Rs 800 crore (before taxes and fees) into the company by its promoter Inox Wind Energy Limited (IWEL).
 "Inox Wind soars 14% as promoter completes Rs 800 crore fund infusion")
Adani group shares rally; Adani Green, Enterprises, Power surge up to 15%
Last week, the Supreme Court reserved its judgement on the charges made by the Hindenburg report