Triveni Glass Limited remained in focus on Tuesday after the company announced its plans to invest Rs 1,000 crore to set up an 840-tonne-a-day solar glass manufacturing plant. The company will set up the plant in Andhra Pradesh which is set to create around 2,000 jobs in the state. On the news, the shares of [...]
Foseco India Ltd, a world leader in the supply of foundry consumables and solutions, saw its shares zoom as much as 11 percent in the early hours of Wednesday to reach a 5-year high of Rs 2,217.90. The scrip jumped after announcing its quarterly results and dividends. The company follows the January-December cycle for the [...]
With a market capitalization of ₹ 2,622 crores, Best Agrolife is a small-cap company in the agrochemical industry of India. It offers high-quality, innovative, effective crop protection and food safety solutions to farmers. Its products are well-researched, economically priced, and easily accessible in 30+ countries across the globe and Pan-India. The company got listed on [...]
Macrotech Developers Ltd, the largest real estate developer in India, showcased a hike of around 12% in its stock price on Monday as its shares ended at Rs 800 levels on Monday. Over a month period, the stock showed a downside of approximately 22.2%. During the last year, the stock has moved down from Rs [...]
Yes Bank’s shares have been under selling pressure, after they reached their 52-week high of ₹ 24.75 apiece on the National Stock Exchange (NSE) in December 2022. After ascending to their high, the shares of Yes Bank declined by 33.94% to their current level of ₹ 16.35 apiece. Meanwhile, Foreign Institutional Investors (FIIs) have increased [...]
Penny stock can be categorized as the class of stocks whose price ranges anywhere between Rs 1 to Rs 50 and has a market capitalization of less than Rs 200 crore in India. These stocks are illiquid in nature as the trading volume is generally less and thus have a higher risk. Despite this, most [...]
Edelweiss Financial Services Limited has received the shareholders’ approval for the proposed demerger of its Wealth Management business. As per the scheme, a new company will be formed and listed as Nuvama Wealth Management Limited (NWML). The newly formed NWML will allot 1,05 Crore equity shares of the face value of Rs 10 each to [...]
The Indian equity indices opened lower on Monday. The NSE Nifty 50 fell 75.00 points or 0.43% to start the week at 17,390.80 levels while the BSE Sensex tanked 312.52 points or 0.53% to trade at 59,151.41. As the markets keep declining, here are 2 Chemical stocks trading at 52 week-low on Monday: Alkyl Amines [...]
Friday marked one month of the Hindenburg report that led to a massive wipe-out of more than ₹ 12 lakh crores in the market capitalization of the Adani Group. Following the report, the Adani Group lost its alpha seat on the Indian stock exchanges as many of its shares hit back-to-back lower circuits. Hindenburg Research [...]
Electric Bus manufacturer Olectra Greentech’s shares appreciated to the tune of 35% from ₹ 406.30 to 551.70 apiece in the past two days, as the company unveiled a hydrogen bus in partnership with Reliance Industries. This bus is a carbon-free alternative to traditional public transportation. The company’s shares were trading at ₹ 528.45 apiece, up [...]
