 "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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Gujarat Gas rallies on PNGRB nod for gas distribution in Gujarat
The stock rallied 10% to Rs 575 on the BSE in early morning trade.
 "Gujarat Gas rallies on PNGRB nod for gas distribution in Gujarat")
Tata Communications surges after Econet agrees to buy arm Neotel
The stock surged 8% to Rs 485, trading nears to its 52-week high of RS 490 on the BSE.
 "Tata Communications surges after Econet agrees to buy arm Neotel")
Markets to see a flat opening; Brexit hangover continues
Participants gear up for the June F&O expiry due on Thursday and auto sales volume data for June and India Manufacturing PMI for June due on Friday, respectively
 "Markets to see a flat opening; Brexit hangover continues")
Sugar shares rally; Dalmia Sugar, Dwarikesh Sugar up 20%
DCM Shriram, Dhampur Sugar, Bannari Aman, Bajaj Hind, Shree Renuka and Upper Ganges were up more than 10% each.
 "Sugar shares rally; Dalmia Sugar, Dwarikesh Sugar up 20%")
Nifty PSU Bank index up 3%; Vijaya Bank, Oriental Bank up over 5%
SBI, Dena Bank, Indian Bank, Bank of Maharashtra, Bank of India, Canara Bank and Uco Bank were up over 3% on NSE.
 "Nifty PSU Bank index up 3%; Vijaya Bank, Oriental Bank up over 5%")
Markets turn volatile; weak European cues weigh
IT shares were among the top Sensex losers
 "Markets turn volatile; weak European cues weigh")
JB Chemicals surges on USFDA approval for Panoli tablet manufacturing facility
The stock rallied 11% to Rs 261 on the BSE on back of heavy volumes.
 "JB Chemicals surges on USFDA approval for Panoli tablet manufacturing facility")
Bajaj Finserv surges on talk of buyout of Allianz's stake in insurance arms
The stock rallied 8% to Rs 2,245 on the BSE in intra-day trade.
 "Bajaj Finserv surges on talk of buyout of Allianz's stake in insurance arms")
IT shares extend fall; TCS down 3%
In past two trading sessions, the S&P BSE IT index down 3.5% against 2% decline in the S&P BSE Sensex.
 "IT shares extend fall; TCS down 3%")
Nifty hovers around 8,100; broader markets outperform
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend on the bourses
Nitco zooms nearly 50% in one-week on heavy volumes
In past one-week, the stock rallied nearly 50% from Rs 40.25 to Rs 60.15, as compared to 1.8% fall in Sensex.
 "Nitco zooms nearly 50% in one-week on heavy volumes")
Man Infraconstruction gains after investor Radhakishan Damani acquires stake
Derive Investments acquired acquired 21,73,083 equity shares through a bulk deal
L&T gains on construction orders worth Rs 2,416 crore
The company's division L&T Construction has won orders worth Rs 2,416 crore across three businesses
 "L&T gains on construction orders worth Rs 2,416 crore")
State-owned oil marketing companies gain; BPCL hits new high
BPCL, HPCL and Indian Oil were up between 2%-5% on the BSE.
Zuari Agro surges on availing unsecured deposit from promoter
The stock surged 8% to Rs 189 on the BSE.
 "Zuari Agro surges on availing unsecured deposit from promoter")
Hester Biosciences gains on fund raising plan via QIP
The stock rallied 9% to Rs 777 after the company said that the board will meet on June 29 to consider to raise funds.
 "Hester Biosciences gains on fund raising plan via QIP")
Tata Sponge gains on winning bid for coal supplies
The company has won the bid for 24,000 tonnes per annum of coal from Eastern Coalfields
Aban Offshore gains as arm bags order from ONGC
The stock was up 4% to Rs 208 on the BSE in early morning trade.
 "Aban Offshore gains as arm bags order from ONGC")
Eight stocks to watch in trade today
Tata Motors which had slumped on Friday could see some trend reveral in early trades
Max Ventures up 5% for third straight day
On June 22, Reliance Mutual Fund Small Cap Fund had bought 1.24 million equity shares at Rs 47.25 per share.