 "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.
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HUL, Britannia, Marico drop up to 6% as Indonesia bans palm oil exports
Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.
 "HUL, Britannia, Marico drop up to 6% as Indonesia bans palm oil exports")
Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
 "Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink")
Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz
The company's board is scheduled to meet on April 28 to consider a proposal for raising funds
 "Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz")
Borosil Renewables surges 13% ahead of board meet for fund raise
The company will mull fund raise, which may include issuance of equity shares or any other securities of the company, through preferential issue on a private placement basis.
 "Borosil Renewables surges 13% ahead of board meet for fund raise")
HCL Technologies gains 3% in a weak market post stellar Q4 results
HCL Tech has guided for revenue growth of 12-14 per cent CC in FY23 on the back of continued traction in the services business, healthy deal intake and deal pipeline.
 "HCL Technologies gains 3% in a weak market post stellar Q4 results")
Rallis India slumps 9% on disappointing Q4 results
The company reported a consolidated net loss of Rs 14 crore in March quarter on higher raw material cost.
 "Rallis India slumps 9% on disappointing Q4 results")
Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs
Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
 "Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs")
Sensex zooms 874pts in broad-based rally; Nifty tops 17350; RIL, HDFC up 2%
CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion
 "Sensex zooms 874pts in broad-based rally; Nifty tops 17350; RIL, HDFC up 2%")
Adani Enterprises rallies 5%, hits record high; stock soars 27% in a month
Earlier this month, International Holding Co had agreed to invest $2 billion in three Adani Group companies including Adani Enterprises through the preferential allotment route
 "Adani Enterprises rallies 5%, hits record high; stock soars 27% in a month")
RIL m-cap nears Rs 19-trillion mark; stock surges 10% in 3 days
According to the BSE data, RIL m-cap stood at Rs 18.84 trillion at 01:16 PM, just a per cent away to claim the Rs 19 trillion feat.
 "RIL m-cap nears Rs 19-trillion mark; stock surges 10% in 3 days")
Gland Pharma advances 9% on heavy volumes; stock hits 9-week high
At 09:15 AM; around 5.42 million equity shares, representing 3.3 per cent of total equity of Gland Pharma, changed hands on the BSE
 "Gland Pharma advances 9% on heavy volumes; stock hits 9-week high")
M&M soars 33% from 52-week low on hopes of steady performance
Analysts expect strong volume outlook on the back of a robust order book in autos and new product launches across segments.
 "M&M soars 33% from 52-week low on hopes of steady performance")
Angel One rallies 10%, hits all-time high on healthy Q4 results
Operating revenue grew a strong 16 per cent QoQ and 77 per cent YoY to Rs 410 crore, driven by a healthy performance across Broking and interest income
 "Angel One rallies 10%, hits all-time high on healthy Q4 results")
Stocks to Watch: HCL Tech, Nestle, Escorts, IndiGo, MRPL, Tata Steel, Nykaa
Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
 "Stocks to Watch: HCL Tech, Nestle, Escorts, IndiGo, MRPL, Tata Steel, Nykaa")
Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%
CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers
 "Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%")
Inox Wind falls 7% after board approves fund raise via preferential issue
The board approved fund raise of Rs 402 crore through preferential issue of equity shares and convertible warrants to promoter and non-promoters.
 "Inox Wind falls 7% after board approves fund raise via preferential issue")
L&T Infotech extends fall post Q4 results; stock slips 15% in three days
In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix
 "L&T Infotech extends fall post Q4 results; stock slips 15% in three days")
MRPL surges 13% on heavy volumes; stock zooms 58% in April
The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.
 "MRPL surges 13% on heavy volumes; stock zooms 58% in April")
Coal India gains 4%, hits over 2-year high on hopes of strong earnings
Amid the spiraling power generation, CIL raised its supplies to thermal power stations by 14.2 per cent during the first half of April'22 compared to same period last April.
 "Coal India gains 4%, hits over 2-year high on hopes of strong earnings")
BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%
Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021.
 "BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%")