Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'
In the past one month, shares of New India Assurance Company (up 30 per cent) and GIC Re (up 18 per cent) outperformed the S&P BSE Sensex, which was up less than 2 per cent during the period
Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022
Morgan Stanley has initiated the coverage on YES Bank with 'underweight' rating and a price target of Rs 20.50 per share
In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
With strong focus in enquiry generation and aggressive coverage plans, both in domestic and international markets, the management expect to convert large opportunities in the imminent future.
Stocks to watch today: Private equity majors Carlyle Group and Advent picked 9.99 per cent stake in YES Bank; Paytm approved buyback of shares worth Rs 850 crore
CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index
Macrotech Developers' promoters have raised Rs 3,547 crore by selling shares around 7.2% of the company's equity share capital to institutional investors at the offer price of Rs 1,026 per share
With this recent gain, the stock quoted 41 per cent higher against its issue price of Rs 87 per share
At 12:52 pm; with market-cap of Rs 57,380 crore, YES Bank stood at 92nd position in overall market-cap ranking, the BSE data shows
The stock had recently made a decent debut, with its shares listed at Rs 266 - a 12 per cent premium to its issue price.
Meanwhile, Jaiprakash Associates dipped 8 per cent to Rs 10.81, falling 13 per cent from its intra-day high, and Jaiprakash Power Ventures declined 5 per cent to Rs 7.90 on the BSE.
Punjab & Sind Bank trading higher for the fourth straight day, surging 42 per cent during the period, and quoted at its highest level since February 2018.
Analyst at Reliance Securities said, considering strong revenue visibility backed by healthy order book, earnings momentum with higher margin from Q4FY23 onwards and likely improvement in return ratio
Stocks to watch today: ICICI Bank raised Rs 5,000 crore through bonds to fund business growth; Dalmia Bharat acquired cement assets of Jaypee Group's company for Rs 5,666 crore
CLOSING BELL: The benchmark indices sought support from financial and metal stocks with their respective indices climbing 0.2 per cent & 0.4 per cent. On the downside, the IT index fell 0.4 per cent.
The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut
The company said it is expecting additional revenue of nearly Rs 60 crore per annum with gross margins of about 26 per cent from the new capacity