Page 558 - Markets

Nitin Chugh's exit, provisioning concern to weigh on Ujjivan SFB: Analysts

Including Monday's intra-day fall of 9.6 per cent, the stock of Ujjivan Small Finance Bank has tumbled 31 per cent in six days

Sensex gains after 2-day hiatus, ends 226 pts up; broader indices decline

Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent

Nestle India hits new high of Rs 20,000; stock up 13% so far in August

On July 29, 2021 the board approved scheme of arrangement, which envisages the transfer of the entire balance of Rs 837.43 crore standing to the credit of the general reserve to the retained earnings

Capacite Infraprojects locked in 20% lower circuit on rating downgrade

India Ratings & Research has downgraded the company's long term issuer rating to 'IND D', from 'IND A'

Arvind Fashions soars 10% on raising Rs 439 crore from marquee investors

With this fundraise, the company completes the capital requirement needed for growth and navigating any uncertainties

Nuvoco Vistas off to a weak start, lists at 17% discount to issue price

The stock rebound from its opening level of Rs 471 and moved higher to Rs 538.60 on the BSE in intra-day trade

Aurobindo Pharma calls off agreement to pick stake in Cronus; stock up 6%

Aurobindo Pharma, on August 12, 2021, had entered into binding agreements with Cronus Pharma Specialities India Private Limited for acquisition of 51 per cent ownership

Stocks to watch: Nuvoco Vistas, Auro Pharma, Ujjivan SFB, Adani Group cos

Market regulator Sebi kept the proposed Rs 4,500-crore initial share-sale of edible oil major Adani Wilmar in "abeyance"

Gas distribution sector stocks could fire up amid likely volume recovery

Some analysts are targeting price gains of 20-25 per cent across the sector in the next 12 months

AIFs take digital turn as across-table deals go out of fashion due to Covid

Multiple firms look to skip physical meetings, documentation while acquiring clients

55% retail investors stay put in equity funds for over two years: Amfi

Holding period of HNIs, however, was lower at about 47% as on June 2021

$560 bn wiped from China mkts in a week as clampdowns shatter confidence

$560 bn wiped from China mkts in a week as clampdowns shatter confidence

Broader indices fall 2%; Nifty Metal skids 6% on global growth concerns

The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent

Pharma shares under pressure; Aurobindo, Wockhardt, Hikal, Natco down 6%

Natco Pharma said that a US District Court has issued a decision in favour of Pharmacyclics (a subsidiary of AbbVie), the brand owner of Imbruvica in a PIV litigation involving the product..

Ujjivan SFB slips 8%, hits record low on resignation of MD & CEO

Nitin Chugh, Managing Director and CEO of Ujjivan Small Finance Bank, tendered his resignation, citing personal reasons

Hindustan Aeronautics gains 10% in 2 days on deal with GE Aviation

The company said it has signed a $716 million deal with GE Aviation for procurement of 99 engines for manufacturing 83 LCA Tejas for Indian Air Force (IAF)

Hindustan Unilever hits 52-week high; trades higher for 7th straight day

In the past seven trading days, the stock of HUL has rallied 7 per cent as compared to a 1.5 per cent rise in the S&P BSE Sensex and a 2.8 per cent gain in the S&P BSE FMCG index

CarTrade Tech lists 1% below issue price at Rs 1,600 per share

At 10:01 am, CarTrade Tech was trading at Rs 1,579.70, down 2.4 per cent to its issue pricee of Rs 1,1618 per share

Mindtree rallies 6%, hits new high in a weak market; zooms 101% in 6 months

In Q1FY22, the company saw healthy order book led by closure of certain deals (especially BFSI), increase in multi-year deals , renewals, higher demand from retail & CPG clients

Stocks to watch: CarTrade Tech, HDFC Bank, Vodafone Idea, Airtel, Indostar

MD and CEO Nitin Chugh of Ujjivan Small Finance Bank has resigned from the bank and his tenure will come to an end on September 30