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.
Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.
SBI Card reported a modest quarter with net earnings impacted due to higher provisions.
The management expects that the demand for the company's products from the domestic markets to continue unabated over the rest of FY23
Analysts believe that Narayana Hrudayalaya's revenues will increase by around 8 per cent QoQ to Rs 1,117 crore amid continued traction for elective surgeries.
RMC Switchgears hit a record high of Rs 264.25 on Friday, and has rallied a whopping 500 per cent in the past two months from a level of Rs 44, the BSE data shows.
CLOSING BELL: Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners
The stock of state-owned electric utilities company traded at its highest level since February 2018.
The company's board will discuss future strategic plans, inter-alia, potential raising of funds, in their forthcoming meeting on Monday, October 31, 2022
The management said that the transaction is expected to be Cash EPS neutral in the first year and accretive thereafter.
The stock traded higher for the third straight day and has gained nearly 4 per cent during the period. It quoted at its highest level since May 2015.
NMDC shareholders will be eligible to get one share of NMDC Steel for every equity share held.
In Q2FY23, Amber reported a net loss of Rs 2.3 crore as against profit of Rs 8 crore in the year ago period, dragged by fall in EBITDA margin and higher interest costs.
CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent
Despite mixed Q2FY23 performance, brokerages retain their 'buy' rating on Laurus Labs with a target price in the range of Rs 610 and Rs 630 per share.
On Tuesday, shares of Tips Films were locked in 10 per cent upper circuit at Rs 630 and has zoomed 108 per cent from level of Rs 303.2, which it had touched on October 13.
With the recent fall, the market price of Nykaa has tanked 56 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021
SBI's core fundamentals continue to be on a strong footing and improvement in systemic growth should drive incremental re-rating for the stock, according to analysts
The company's cost savings programme and tweaking of marketing spends would help it maintain higher operating margins, analysts said
Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan Unilever sheds 3 per cent.
The company said the volumes were impacted due to supply side constraints, led by high prices of e- auction coal, imported coal and gas