The shares of Sula Vineyards Limited, India’s largest wine producer and seller, made a flat debut on the Indian stock exchanges on Thursday after it listed at Rs 361 per share against its issue price of Rs 357 which represents a premium of 1 percent. Soon after its listing, the share dipped by more than [...]
The second half of this financial year has been all about PSU stocks hitting their all-time highs. Government banks, NBFCs, and other government companies have become the new favourite of retail and institutional investors alike. The news has been flooded with headlines covering improving asset quality, companies securing new contracts and more. Rail Vikas Nigam [...]
National Pension System (NPS) is one of the few retirement-focused products in India. It is an attempt to provide adequate retirement income to every citizen of India. Under this system, individual savings are pooled into a pension fund which are invested by PFRDA-regulated professional fund managers. Investments are made in diversified portfolios comprising Government Bonds, [...]
The National Company Law Tribunal has approved the merger of Kalpataru Power Transmission Ltd with JMC Projects (India) Ltd, which is set to make it the largest listed engineering and construction company in India. Kalpataru Power Transmission Limited is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas [...]
The shares of Voltas Limited, a tata group stock opened at Rs 800 on Friday and shed as much as 2.5 percent to reach its new 52-week low of Rs 785. The shares hit their previous 52-week low of Rs 798.30 yesterday. The stock reached its 52-week high of Rs 1,347.65 in April this year. [...]
The shares of Ajanta Pharma surged 6.83% on Thursday to reach an intraday high of ₹ 1,251.00 apiece on the National Stock Exchange (NSE). Its shares closed at ₹ 1233.00 apiece, up 5.22%. Volumes jumped at the counter and 10,93,311 shares changed hands on Thursday. There were reports that promoter group entities Ayush Agarwal Trust [...]
The shares of D Link India Limited dropped by more than 6 percent till the afternoon on Thursday and were trading at Rs 214 levels. One of the reasons for the decline could be the block deal by ace investor Ashish Kacholia on Wednesday. As per the NSE bulk deal details, the ace investor sold [...]
After rallying for months, the Indian stock market has taken a turn. On Thursday, the Nifty 50 shed 113.90 points or 0.63% to be at 18,085 levels in the first half, while the BSE Sensex shed 396.67 points or 0.65% to trade at 60,670 levels in the first half. With the decline in the markets, [...]
The shares of Samvardhana Motherson International shed approximately 2 percent and were trading at Rs 68.75 levels till the afternoon on Thursday. In the past six months, the stock has shed approximately 11 percent. Motherson Sumi Systems is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. In fact, it [...]
Indian markets opened higher on Thursday, tracking global equities. However, most shares slipped into the red, barring pharma and information technology stocks. The Sensex was at ₹ 60880 levels and the Nifty was at 18140 levels after shedding about 0.5% each. Here are a few stocks that reached their 52-week low on Thursday: BSE Ltd [...]
