 "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 775 - Si Reporter/undefined
MARKET WRAP: TCS up 5% in a flat market, HUL hits record, metal stocks slip
After a muted session, investors will now look out for inflation data on Thursday and Infosys results on Friday to fine-tune their trading strategy. Global developments, too, will impact sentiment
 "MARKET WRAP: TCS up 5% in a flat market, HUL hits record, metal stocks slip")
Adani Group shares in focus; Adani Power, Adani Enterprises up over 8%
Adani Green Energy, Adani Transmission and Adani Ports and Special Economic Zone were up in the range of 2% to 7% on the BSE.
 "Adani Group shares in focus; Adani Power, Adani Enterprises up over 8%")
FMCG index hits new high; HUL, Godrej Consumer at record levels
At 11:43 am; Nifty FMCG index was up 0.75% at 29,938, as compared to 0.10% decline in the Nifty 50 index.
 "FMCG index hits new high; HUL, Godrej Consumer at record levels")
PNB Housing rises 6% as PNB, Carlyle Group plan to offload 51% stake
The stock was up by 6% at Rs 1,269 on Wednesday in intra-day trade, extending its 2% gain in the previous day on the BSE.
 "PNB Housing rises 6% as PNB, Carlyle Group plan to offload 51% stake")
Shilpa Medicare surges 13% after receiving EIR from USFDA
The stock surged 13% to Rs 434 on the BSE in morning trade after the company said it has received EIR from the US health regulator for it's both facilities located at Raichur, Karnataka.
 "Shilpa Medicare surges 13% after receiving EIR from USFDA")
MARKET WRAP: Indices end at over 5-month high, Nifty at 10,947; RIL up 3%
Benchmark indices rose on Tuesday led by index heavyweights such as Reliance Industries (RIL).
 "MARKET WRAP: Indices end at over 5-month high, Nifty at 10,947; RIL up 3%")
Shriram Transport Finance extends gain on reports of merger
The stock was up 7% at Rs 1,218, extending its 3% gain on the BSE on Monday, after the company said it continuously evaluates various opportunities for enhancing shareholders' value.
 "Shriram Transport Finance extends gain on reports of merger")
Bandhan Bank hits highest level since listing; up 56% against issue price
Bandhan Bank hit a new high of Rs 585, up 5% on Tuesday, trading at its highest level since listing on March 27, 2018
 "Bandhan Bank hits highest level since listing; up 56% against issue price")
HEG, Graphite India hit new high on expectations of robust Q1 results
Thus far in the calendar year 2018, HEG (up 67%) and Graphite India (45%) has outperformed the market by surging more than 40% as compared to 6% rise in the S&P BSE Sensex.
 "HEG, Graphite India hit new high on expectations of robust Q1 results")
HCL Technologies gains 4% as board mulls share buyback proposal
HCL Technologies was up 4% to Rs 1,000 on the BSE in early morning trade as the company said on Monday after market hours that it will consider share buy-back on July 12.
 "HCL Technologies gains 4% as board mulls share buyback proposal")
MARKET WRAP: Nifty ends firmly above 10800, Sensex up 257 pts; pharma gains
Markets edged up on Friday, even as broader global markets remained weak
 "MARKET WRAP: Nifty ends firmly above 10800, Sensex up 257 pts; pharma gains")
Bajaj Finance surpasses Axis Bank in market-cap ranking
At 02:37 pm; with market-cap of Rs 1,345.85 billion, Bajaj Finance, the non-banking finance company, overtook the Axis Bank, which has market-cap of Rs 1,340.18 billion, the BSE data shows
 "Bajaj Finance surpasses Axis Bank in market-cap ranking")
PNB Housing Finance hits 52-week low of Rs 1,051
The stock hit 52-week low of Rs 1,051, falling 26% since May 2, as compared to 1% rise in the S&P BSE Sensex.
 "PNB Housing Finance hits 52-week low of Rs 1,051")
SRF hits four-month low; stock falls 25% post Q4 results
The stock dipped 5% to Rs 1,690 on the BSE, trading at its lowest level since February 6, 2018.
 "SRF hits four-month low; stock falls 25% post Q4 results")
AstraZeneca gains 5% on marketing nod to launch cancer drug in India
The stock was up 5% to Rs 1,416 after the company said it has received approval from the Drug Controller General of India to market Durvalumab, a cancer treatment medicine.
 "AstraZeneca gains 5% on marketing nod to launch cancer drug in India")
Jubilant FoodWorks, Emami turn ex-bonus in ratio of 1:1
At 02:36 pm; Emami was trading 1% lower at Rs 529, while Jubilant FoodWorks down 0.4% lower at Rs 1,357, falling 2% from its early morning trade on BSE.
 "Jubilant FoodWorks, Emami turn ex-bonus in ratio of 1:1")
Manpasand Beverages rebounds from record low; stock tanks 70% in one month
The stock locked in upper circuit of 5% at Rs 142, bouncing back 9.5% from its intra-day low, after the company said its board will meet on June 27 to consider Q4 results and to recommend dividend.
 "Manpasand Beverages rebounds from record low; stock tanks 70% in one month")
Cement companies under pressure; UltraTech Cement, Ambuja hit 52-week low
India Cements, Sanghi Industries, Birla Corporation, Andhra Cements, Orient Cement, NCL Industries and Mangalam Cement were down 30% to 40% thus far in 2018.
 "Cement companies under pressure; UltraTech Cement, Ambuja hit 52-week low")
Bank of Baroda hits over two-year low; falls 10% in one week
The stock is down 2% at Rs 123 on the BSE was trading at its lowest level since February 15, 2016.
 "Bank of Baroda hits over two-year low; falls 10% in one week")
Reliance Industries hits new high; stock surges 50% from 52-week low
The stock hit a new high of Rs 1,031, up 1% on the BSE in intra-day trade on Thursday, rallied 50% from its 52-week low of Rs 686 recorded on July 3, 2017 in intra-day deal
 "Reliance Industries hits new high; stock surges 50% from 52-week low")