Sapphire Foods
Sensex crashes 928 pts, ends below 60K; Nifty near 17,550 amid global rout
CLOSING BELL: The market cap of Adani Group companies fell below Rs 8-trillion-mark in Wednesday's intra-day trade, down from Rs 25 trillion recorded before the release of the Hindenburg report
 "Sensex crashes 928 pts, ends below 60K; Nifty near 17,550 amid global rout")
Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc
Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile
 "Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc")
Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
 "Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands")
Despite biting inflation, analysts bullish on retail stocks for long haul
Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic
 "Despite biting inflation, analysts bullish on retail stocks for long haul")
Analysts take a bite of premium QSR stocks as restaurants hike prices
Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said
 "Analysts take a bite of premium QSR stocks as restaurants hike prices")
50% of November IPOs fall below their issue prices amid market crash
PB Fintech, Fino Payments Bank, SJS Ent, KIMS, Ami Organics, Zomato and Sansera Engg from the BSE IPO index were down between 6 per cent and 19 per cent in intra-day trade today
 "50% of November IPOs fall below their issue prices amid market crash")
Sapphire Foods sees muted debut, ends day with 3% gains over issue price
The firm's IPO had garnered nearly 7x subscription. Sapphire Foods is the largest YUM franchisee operator and runs KFC, Pizza Hut and Taco Bell restaurant chain
 "Sapphire Foods sees muted debut, ends day with 3% gains over issue price")
Sensex ends 372 pts lower; Paytm down 27%; Sapphire gains 4%, Escorts 10%
The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each
 "Sensex ends 372 pts lower; Paytm down 27%; Sapphire gains 4%, Escorts 10%")
Post Sapphire's debut, chart check on Burger King, Barbeque, Zomato stocks
Food and food-related players are expected to jump up to 15 per cent in coming days
 "Post Sapphire's debut, chart check on Burger King, Barbeque, Zomato stocks")
Sapphire Foods makes good debut; gains 17% against issue price post listing
The stock listed at Rs 1,350, a 14 per cent premium against issue price of Rs 1,180 per share on the National Stock Exchange
 "Sapphire Foods makes good debut; gains 17% against issue price post listing")
