Trent Limited, a Tata Group enterprise, on Friday executed a joint venture with MAS Amity Pte. Ltd to set up an entity in India for sourcing, designing and manufacturing activewear and related products. “MAS brings impeccable capabilities and a track record in the manufacture of high-quality products in this space. This collaboration between Trent and [...]
Motilal Oswal Funds on 20 January bought a 2.5 per cent stake in Hi-Tech Pipes, a small-cap multibagger stock. On Monday, the stock gained 2.53% to reach a fresh 52-week high of ₹ 989.65 apiece on the National Stock Exchange (NSE). Its shares closed at ₹ 972.25 apiece. Motilal Oswal AMC picked up 3 lakh [...]
Reliance Industries (RIL) on Friday announced its results for the October to December quarter of 2022. Its consolidated net profit after tax came in at ₹ 15,792 crores, down 15% year on year (YoY) and its revenue increased 15.3% YoY to ₹ 2.20 lakh crores. In addition, its board approved raising ₹ 20,000 crores through [...]
Penny stocks are known to deliver high returns in a shorter time period as these stocks tend to hit circuits more often. Penny stocks have a market capitalization of less than Rs 200 Crore and have a share price lesser than Rs 100. These companies tend to have zero or negative sales and profits and [...]
The Indian equity indices after staying in the positive territory throughout the day ended Monday’s session in the green at the same level. The NSE Nifty 50 rose 90.90 pts or 0.50% to 18,118.55 and the 30-share BSE Sensex advanced 319.90 pts or 0.53% at 60,941.67. For investors looking for a passive source of income, [...]
Dividends are attractive for investors who are looking to generate income. They see dividends as a sign that a company’s management has positive expectations for its future earnings. Here are two companies that have recently declared dividends: Wendt (India) Limited The Murugappa group company in its board meeting dated January 18, 2023, declared an interim [...]
Many investors closely follow the changes in the portfolio of ace investors. Mukul Agrawal, a well-known Indian ace investor publicly owns 56 stocks with a net worth of over ₹ 2,896.4 Cr. A few companies are yet to report their shareholding pattern, therefore, information about the shareholding holding pattern of these companies is not yet [...]
The shares of Yes Bank Limited fell by more than 8 percent on Monday and were trading at Rs 18.25 levels till the afternoon. The scrip fell after it announced two major setbacks. The first is the sharp decline in its quarterly profits. Yes bank saw a 79 percent dip in its consolidated December quarter [...]
The shares of Servotech Power Systems Limited hit an upper circuit of 5 percent at Rs 191.45 in the early hours of Monday. The scrip gained after the company reported robust Q3 results. In Q3FY23, Servotech reported a total revenue of Rs 83.27 crore which is a jump of more than 101 percent from R [...]
The Indian equity indices opened in green on Monday with BSE Sensex rising 250 points or 0.41% to 60,871.44 and the NSE Nifty 50 climbing 78.30 points or 0.43% to 18,105.95. As the markets trade in the green, here are 6 stocks recommended by analysts for an upside of up to 43%: PVR Ltd ICICI [...]
