Invest With Tribe

Share this post

SBI (+4%), Cipla (-2%) & more

blog.investwithtribe.com

SBI (+4%), Cipla (-2%) & more

Tribe Daily

Tribe Wealth
Dec 26, 2022
Share this post

SBI (+4%), Cipla (-2%) & more

blog.investwithtribe.com

Market Summary

Nifty snapped a four-day losing streak as it was fuelled by bottom fishing & optimistic sentiment from global counterparts. 


Companies

SBI (+4%) rose as the bank's card is expected to go live on the Rupay credit card on UPI feature by March. IndusInd Bank (+4%) rose due to robust business growth, an uptick in NIM ( net interest margin), & moderation in provision. Dr Reddy (-1%) declined as the company's subsidiary DRRDBV entered into a pact to sell assets & liabilities of its Netherlands-based site. 


Sectors

Nifty PSU Bank (+7%) rose due to stupendous performance of JK Bank, IOB, Union Bank, Bank of India & Bank of Maharashtra. Nifty Media (+3%) rose due to strong performance of Dish TV, TV18 Broadcast, TV Today Network & Network 18. Nifty Bank (+2%) rose due to strong performance of Yes Bank, Federal Bank, RBL Bank, IDFC First Bank & IndusInd Bank.


News of The Day

1.​​GPT Infraprojects (+20%) rose as the company's arm won a Rs 123 cr order in Ghana. (Investing)

2.Inox Green Energy (+10%) rose after the company announced that they will acquire a majority stake in O&M service provider. (CNBC TV 18)

3.Aurionpro (+9%) rose after the company bagged Rs 150 cr multi-year order for its payment platform. (Money Control)

4.Power Mech Projects (+7%) rose after the company bagged orders worth Rs 1,034 cr. (Business Standard)

5.L&T (+1%) rose after the company secured a significant order for its water & effluent treatment business. (Mint)


Market Sentiment


Expert of The Day

Follow Him on Invest With Tribe


Latest Blog:

$300 Bn Electronic Manufacturing Sector by 2026!


Articles You Like to Read

Never changing money habits. (Source:Economic Times)

Learning from Infosys legends. (Source:Economic Times)

5 ways to make sure your personal budget works. (Source: Economic Times)


Latest on our Social:

Click to see the full post


Follow our Socials

Looking for fantastic content on the stock market, trading and investing?

Follow us on Twitter, Instagram, Reddit, LinkedIn & YouTube

Share this post

SBI (+4%), Cipla (-2%) & more

blog.investwithtribe.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Tribe Wealth
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing