 "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 771 - Si Reporter/undefined
MARKET WRAP: Sensex surges 580 pts on strong Asian cues; auto, banks rally
Nifty Auto index rose 4.2 per cent led by a rise in Maruti Suzuki, Tata Motors and Hero MotoCorp. The Nifty Bank index, too, ended 1.5 per cent led by IndusInd Bank and Axis Bank
 "MARKET WRAP: Sensex surges 580 pts on strong Asian cues; auto, banks rally")
Paint, tyre, aviation stocks gain due to fall in crude oil prices
Asian Paints, Berger Paints, Shalimar Paints, Kansai Nerolac Paints, JK Tyre, SpiceJet, Jet Airways, Apollo Tyre, Balkrishna Industries and Ceat were trading more than 4% higher on the BSE
 "Paint, tyre, aviation stocks gain due to fall in crude oil prices")
IGL extends gain on plan to take over the natural gas supply in Gurugram
The stock rallied 6% to Rs 297, extending its 11% rally in past two days after the company agreed to take over the supply of natural gas in Gurugram district from Haryana City Gas Distribution.
 "IGL extends gain on plan to take over the natural gas supply in Gurugram")
MARKET WRAP: Indices end flat, Nifty at 10,380; YES Bank rallies 9%
Nifty IT index was the top loser of the day, falling 2.1 per cent weighed by HCL Technologies and Infosys. On the other hand, among gainers, the Nifty Metal index rose 1.3 per cent led by NMDC.
 "MARKET WRAP: Indices end flat, Nifty at 10,380; YES Bank rallies 9%")
Escorts gains 10% on strong October sales
The stock moved higher by 10% to Rs 688 on the BSE after the company reported a healthy 28.8% Y-o-Y growth in total tractor sales at 13,140 units in October.
 "Escorts gains 10% on strong October sales")
Adani Power hits 52-week high post Q2 results; stock soars 45% in one week
The stock hit a 52-week high of Rs 47.85, more than doubled from Rs 23.85 as on September 28, 2018, against 5% decline in the Sensex.
 "Adani Power hits 52-week high post Q2 results; stock soars 45% in one week")
United Spirits surges 8% on strong September quarter results
The stock surged 8% to Rs 620, extending its past three days 11% gain on the BSE.
 "United Spirits surges 8% on strong September quarter results")
Kalpataru Power rallies 11% on post Q2 results
The stock rallied 11% to Rs 360 on the BSE in early morning trade after the company reported 28% Y-o-Y jumped in its standalone net profit at Rs 914 million in September quarter.
 "Kalpataru Power rallies 11% on post Q2 results")
Larsen & Toubro gains 6% as Q2 profit beats estimate
The stock was up 6% to Rs 1,379 on the BSE in early morning trade after the company reported 23% Y-o-Y jumped in its consolidated net profit at Rs 22.30 billion in September quarter.
 "Larsen & Toubro gains 6% as Q2 profit beats estimate")
Financial stocks in focus; PNB Housing, DHFL, HDFC up over 5%
Indiabulls Housing, UCO Bank, JM Financial Services, Repco Home Finance, HDFC, IndusInd Bank, Edelweiss Financial Services and Bharat Financial Service were up more than 4%.
 "Financial stocks in focus; PNB Housing, DHFL, HDFC up over 5%")
Emami, Tata Global Beverages hit 52-week low post September quarter results
Tata Global Beverages slipped 9% to Rs 206, while Emami down 4.5% to Rs 386 on the BSE in intra-day trade.
 "Emami, Tata Global Beverages hit 52-week low post September quarter results")
Tech Mahindra gains 8% as margins impress in Q2
The stock moved higher by 8% to Rs 741 on the BSE after the company's Ebitda margins in September quarter expanded 240bps at 18.8%
 "Tech Mahindra gains 8% as margins impress in Q2")
Cummins India surges 14% as Q2 earnings beat estimates
The stock surged 14% to Rs 769 on the BSE after the company reported a better-than-expected 39% Y-o-Y jumped in net profit at Rs 2.12 billion in September quarter, on back of higher revenue.
 "Cummins India surges 14% as Q2 earnings beat estimates")
Dr Reddy's slips 7% following 8 USFDA observations for Duvvada plant
The stock slipped 7% to Rs 2,425 on the BSE after the pharmaceutical company said US health regulator issued eight observations after inspecting its formulations plant at Duvvada, Visakhapatnam.
 "Dr Reddy's slips 7% following 8 USFDA observations for Duvvada plant")
Coal India extends fall as share sale begins
The stock was down 4% to Rs 265, extending its previous day's 4% decline on the BSE after the company's OFS of its equity shares began at price of Rs 266 per share today.
 "Coal India extends fall as share sale begins")
MARKETS WRAP: Sensex rises 132 pts, Nifty reclaims 10,500; IT, pharma gain
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Midcap IT shares surge; LTTS, Aptech, Mphasis, RS Software rally up to 20%
L&T Technology Services soared 11% to Rs 1,635 on Monday, extending its Friday's 7% gain on the BSE.
 "Midcap IT shares surge; LTTS, Aptech, Mphasis, RS Software rally up to 20%")
Avenue Supermarts falls 7% after margin disappointment
Avenue Supermarts, which runs the D-Mart supermarkets chain, has dipped 7% to Rs 1,318 after the company's EBITDA margin declined 110 basis points at 8.0% in Q2FY19 as compared to 9.1% in Q2FY18.
 "Avenue Supermarts falls 7% after margin disappointment")
Sugar stocks extend rally; Uttam Sugar, Dwarikesh jump over 40% in one week
Thiru Arooran Sugars, Dwarikesh Sugar Industries, Uttam Sugar Mills, Dalmia Bharat Sugar and Industries and Ponni Sugars (Erode) were up in the range of 14% to 20% on Monday.
 "Sugar stocks extend rally; Uttam Sugar, Dwarikesh jump over 40% in one week")
Rupee makes sharp U-turn, opens 23 paise lower against dollar
The Indian rupee has been on a downhill slide for most of the year, falling for six straight months, the longest stretch since 2002.
 "Rupee makes sharp U-turn, opens 23 paise lower against dollar")