 "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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Sensex dips 627 pts as investors book profit on last trading day of FY21
The S&P BSE Sensex and Nifty50 have rallied 68 per cent and 70.8 per cent, respectively in FY21
 "Sensex dips 627 pts as investors book profit on last trading day of FY21")
Up 1,262% in a year, this IT stock has now scaled fresh record high
Intellect Design Arena today announced that it has bagged a large deal from Concentra Bank to power its exciting new digital banking strategy.
 "Up 1,262% in a year, this IT stock has now scaled fresh record high")
AGC Networks hits new high; stock zooms 269% in six months
The company, on March 22, said it has raised Rs 225 crore through issuance of convertible warrants to promoters and promoter group of the company
 "AGC Networks hits new high; stock zooms 269% in six months")
IRB Infrastructure Developers rallies 9% on winning two new PPP projects
The total order book of the company stands at Rs 14,509 crore, including construction order book of Rs 7,583 crore
 "IRB Infrastructure Developers rallies 9% on winning two new PPP projects")
Stocks to watch: IDFC First Bank, Ultratech, KNR Constructions, SpiceJet
Public sector lender Punjab & Sind Bank said it has declared the account of IL&FS Transportation Network with total dues of Rs 149.98 crore as fraud
 "Stocks to watch: IDFC First Bank, Ultratech, KNR Constructions, SpiceJet")
Bulls ride on IT, metal stocks to drive Sensex 1,128 pts higher at 50,136
The Sensex index settled above the 50,000-mark for the first time since March 23
 "Bulls ride on IT, metal stocks to drive Sensex 1,128 pts higher at 50,136")
IRCON International zooms 8% as firm to consider bonus issue
Choice Broking has 'BUY' rating on the stock with a target price of Rs 174.5
 "IRCON International zooms 8% as firm to consider bonus issue")
Titan Co hits over 6-week high on improved outlook; stock nears record high
In the past one month, Titan has outperformed the market by gaining 11 per cent, as against a 1.2 per cent rise in the S&P BSE Sensex
 "Titan Co hits over 6-week high on improved outlook; stock nears record high")
Adani Transmission jumps 6% on acquisition of Warora-Kurnool Transmission
In the past three months, the stock of Adani Transmission zoomed 113 per cent as against a 5 per cent rise in the S&P BSE Sensex
 "Adani Transmission jumps 6% on acquisition of Warora-Kurnool Transmission")
Stocks to watch: Nazara Tech, DRL, Adani Transmission, JSW Steel, Biocon
Pharma major Dr Reddy's Laboratories (DRL) expects the Russian coronavirus vaccine Sputnik V to get approval from the Indian regulator in the next few weeks, a company official has said
 "Stocks to watch: Nazara Tech, DRL, Adani Transmission, JSW Steel, Biocon")
Bulls beat bears after 2 days; Sensex gains 568 pts, Nifty tops 14,500
Bajaj Finserv, Asian Paints, HUL, Titan Company, Bajaj Auto, and HDFC were leading the list of gainers on the Sensex, up between 2.7 per cent and 4.4 per cent
 "Bulls beat bears after 2 days; Sensex gains 568 pts, Nifty tops 14,500")
Tata Group shares rally as Supreme Court rules in favour of Tata Sons
The SC ruled in favour of Tata Sons, allowing its appeals and dismissing the Pallonji Group's plea
 "Tata Group shares rally as Supreme Court rules in favour of Tata Sons")
Steel stocks in focus; JSW Steel hits record high, SAIL nears 52-week high
Margins of steel companies are expected to show further expansion in Q4FY21 driven by healthy export order and higher realizations, CARE Ratings said
 "Steel stocks in focus; JSW Steel hits record high, SAIL nears 52-week high")
Welspun India spurts 10% on rating upgrades by India Ratings
The upgrade reflects WIL's better-than-Ind-Ra-expected balance sheet deleveraging through a strong operational performance
 "Welspun India spurts 10% on rating upgrades by India Ratings")
Suryoday Small Finance Bank lists at 4% discount over issue price
The initial public offer (IPO) of Suryoday SFB had managed to get good response from the retail investors and qualified institutional buyers (QIBs)
 "Suryoday Small Finance Bank lists at 4% discount over issue price")
Kalyan Jewellers makes weak debut; lists 15% below the issue price
The stock listed at Rs 73.90, a 15 per cent discount against the issue price of Rs 87 per share on the BSE
 "Kalyan Jewellers makes weak debut; lists 15% below the issue price")
Laxmi Organic surges 13% as FPIs buy stake via open market
On Thursday, March 26, Goldman Sachs India Fund Limited (1.67 million) and Plutus Wealth Management LLP (1.5 million) purchased a combined 3.17 million equity shares of Laxmi Organic Industries.
 "Laxmi Organic surges 13% as FPIs buy stake via open market")
Wabco India hits 20% upper circuit on strong response to OFS
The promoter group intends to reduce its stake in WIL from 93.1 per cent to 75 per cent post the OFS
 "Wabco India hits 20% upper circuit on strong response to OFS")
Stocks to watch: Kalyan Jewellers, Suryoday SFB, Hathway Cable, CG Power
French company Groupe Atlantic would invest Rs 68.3 crore in Somany Home Innovation Limited (SHIL) for 50 per cent stake in its water heater business, as per a regulatory filing
Godawari Power hits new high in a weak market; stock zooms 39% in 11 days
Last month, Godawari Power had said that the company has started booking export orders of high grade iron ore pellets (65.5 per cent Fe) to China and Other Countries
 "Godawari Power hits new high in a weak market; stock zooms 39% in 11 days")