The shares of National Standard (India) Ltd opened at Rs 4,770 and rallied to hit an upper circuit of 20 percent in the early hours of the last trading day of the week. The stock has gained more than 40 percent in the last five days after it posted strong quarterly earnings. In Q3FY23, the [...]
The shares of Deep Diamond India were trading 3.5 percent higher in the early hours of Friday. On January 3rd, 2022 the company announced a stock split. Since then the stock has gained more than 26 percent. The board of the company has approved the Subdivision of equity shares with a Face Value of Rs. [...]
Stock market investors in India are bracing themselves for the challenging weeks before the upcoming budget session as economic growth retreated from a peak and foreign investors pressed the sell button on Indian shares. India’s stock market outperformed most Asian markets, however, it is already overshadowed in 2023 as China’s reopening economy will attract funds [...]
Global brokerage and research firm Jefferies had initiated coverage on power stocks in India. It highlighted that restrictions and increased duties on module imports and module price volatility are impacting the sector’s growth. In addition, it believes that State Electricity Boards (SEBs) are taking their time to sign new power purchase agreements (PPAs). Some of [...]
Infosys on Thursday posted a 13.4 per cent year-on-year increase in consolidated net profit at ₹ 6,586 crore for the December quarter as against ₹ 5809 crores (after minority interest) in the corresponding quarter last year. The Bengaluru-based IT firm logged a 20 per cent year-on-year increase in consolidated revenue in the third quarter of [...]
One of India’s largest apparel export company Gokaldas Exports Limited (GEL) is a multibagger stock in which two brokerages see an upside of up to 60%. The company designs, manufactures and sells a wide range of garments for men, women and children. It caters to the needs of leading international fashion brands and retailers. Despite [...]
The ‘Big Whale’ of the Indian stock market, Ashish Kacholia, continues buying stocks and adding to his portfolio which is worth more than Rs. 1,909.1 Crores. The investor recently bought a stake in Agarwal Industrial Corporation. As per the latest filing for the December quarter, the ace investor bought additional 2,00,000 shares, or 1.25% stake [...]
Indian benchmark indices opened in the green on Thursday. However, it slipped into the red as bank, pharma and FMCG indices fell. The BSE Sensex was at 59730 levels, down 0.62%, while the NSE Nifty 50 was at 17790 levels, down 0.60%. Here are two stocks that brokerages have recommended for an upside of up [...]
Rail Vikas Nigam Limited (RVNL), a Mini-Ratna CPSE gained 4 percent in the early hours to trade at Rs 74.85 levels. The shares edged higher after the company bagged projects worth Rs 1,134.1 Crore. RVNL received a letter of approval (LoA) on January 10th, 2023, for constructing an elevated viaduct (approximate length of 10 kilometers), [...]
Societe Generale, a European financial services company on Wednesday bought 20 lakh shares of ICICI Bank. ICICI Bank’s shares were trading at ₹ 857.00 apiece at 12:00 PM on Thursday on the Bombay Stock Exchange (BSE). According to the block deal data available on the BSE’s website, Societe Generale bought these shares at a price [...]
