 "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 668 - Si Reporter/undefined
Sensex ends 308 pts up at 48,177, Nifty at 14,133; Nifty metal surges 5%
S&P BSE MidCap index touched record high in the intra-day trade of 18,435. On the sectoral front, Nifty IT index closed at record high
 "Sensex ends 308 pts up at 48,177, Nifty at 14,133; Nifty metal surges 5%")
BEML rallies 8% as govt invites initial bids for strategic divestment
The government will sell 26 per cent out of the total 54.03 per cent stake it holds in the company along with transfer of management control.
 "BEML rallies 8% as govt invites initial bids for strategic divestment")
Tata Motors gains 4%, nears 52-week high on strong December sales data
Tata Motors' total vehicle sales grew 21 per cent in domestic markets in December
 "Tata Motors gains 4%, nears 52-week high on strong December sales data")
Stocks to watch: RCFL, Tata Motors, RIL, BEML, Cadila Health, Adani Green
Tata Motors reported a 21 per cent increase in total vehicle sales in the domestic market to 53,430 units in December
 "Stocks to watch: RCFL, Tata Motors, RIL, BEML, Cadila Health, Adani Green")
Antony Waste Handling Cell lists at 36% premium over issue price
The issue received bids for 10,02,71,821 shares against its offer size of 66,66,342 shares
 "Antony Waste Handling Cell lists at 36% premium over issue price")
Bulls reign on 1st day of 2021; Sensex ends 118 pts up at 47,869; PSBs gain
In the broader market, the S&P BSE MidCap and SmallCap zoomed 1 per cent and 0.9 per cent, respectively
 "Bulls reign on 1st day of 2021; Sensex ends 118 pts up at 47,869; PSBs gain")
Chemcon Speciality gains 29% in 3 days after Plutus Wealth hikes stake
On December 30, 2020, Plutus Wealth Management LLP purchased 1 million equity shares, representing 2.7 per cent stake of Chemcon Speciality Chemicals, for Rs 43 crore on the NSE via bulk deal
 "Chemcon Speciality gains 29% in 3 days after Plutus Wealth hikes stake")
Rain Inds surges 15% as arm completes sale of non-strategic subsidiaries
The Company has decided to divest the stake in these two non-strategic subsidiary companies, as a part of its strategy to achieve sustainable growth, create value for all stakeholders and reduce debt
 "Rain Inds surges 15% as arm completes sale of non-strategic subsidiaries")
NCC jumps 5%, hovers near 52-week high on winning Rs 8,980 cr orders in Dec
The firm has won 15 new orders from central and state government agencies in the month of December
 "NCC jumps 5%, hovers near 52-week high on winning Rs 8,980 cr orders in Dec")
Tips Industries surges 16%, nears record high on film biz demerger plan
The company's board is scheduled to meet on January 5, 2021 to explore demerger of the film business and consider any other matters incidental thereto
 "Tips Industries surges 16%, nears record high on film biz demerger plan")
Escorts gains 4% on posting highest-ever tractor sales for December month
Post lockdown, December was the first month where the company could supply as per the demand of customers, some of whom waited long to get their preferred tractor brand
 "Escorts gains 4% on posting highest-ever tractor sales for December month")
Stocks to watch: Antony Waste, M&M, JSPL, Infibeam Avenues, IDBI Bank
The shares of auto companies will remain in focus today after a host of companies are scheduled to release auto sales figures for December 2020
 "Stocks to watch: Antony Waste, M&M, JSPL, Infibeam Avenues, IDBI Bank")
Surya Roshni gains 4% on winning order worth Rs 73 cr from Indian Oil Corp
The company has obtained orders aggregating to Rs 72.62 crore for supply of API 5L Grade 3LPE Coated and bare Pipes to Indian Oil Corporation for gas pipeline projects in Bihar & Tamil Nadu
 "Surya Roshni gains 4% on winning order worth Rs 73 cr from Indian Oil Corp")
Garware Polyester rallies 8%, hits 26-year high on strong revenue outlook
The firm sees Rs 300 crore incremental revenue by financial year (FY) 2023 on the back of its entry into the PPF segment
 "Garware Polyester rallies 8%, hits 26-year high on strong revenue outlook")
KNR Constructions rallies 9% as board approves 1:1 bonus share
In the past one week, stock of the construction & engineering company has rallied 17 per cent after the company on Monday, December 14, announced bonus issue plan
 "KNR Constructions rallies 9% as board approves 1:1 bonus share")
L&T trades firm as arm lowest bidder for HPCL Rajasthan Refinery contract
According to report, L&T Hydrocarbon is the lowest bidder for HPCL Rajasthan Refinery.
 "L&T trades firm as arm lowest bidder for HPCL Rajasthan Refinery contract")
KNR Constructions hits 52-week high ahead of Board meet; up 12% in one week
The board of directors of the company is schedule to meet today to consider declaration of bonus shares and other related issues
 "KNR Constructions hits 52-week high ahead of Board meet; up 12% in one week")
Pidilite Industries nears record high on heavy volumes, stock advances 4%
In the past three months, Pidilite has underperformed the market by gaining 16 per cent, as compared to a 20-per cent gain in the S&P BSE Sensex
 "Pidilite Industries nears record high on heavy volumes, stock advances 4%")
BEML gains 5% as Porinju's firm picks stake; stock surges 51% in five weeks
Porinju Veliath's Equity Intelligence India bought 265,000 shares of the company at Rs 847.63 per share
IT shares gain on Accenture's strong performance; Infosys, TCS hit new high
Nifty IT index hit a record high of 23,408, up 2% on the NSE
 "IT shares gain on Accenture's strong performance; Infosys, TCS hit new high")