Vishnu Chemicals Limited is a small-cap business that operates in the chemical industry. It has been making and supplying chemicals for international firms in the steel, glass, pharmaceutical, pigments and dyes, leather and related sectors for three decades. The company informed the exchanges that its board has passed the necessary resolutions and has fixed Friday, [...]
The shares of Just Dial dropped 2.32% on Tuesday’s deals to reach a 52-week low of ₹ 607.00 apiece on the National Stock Exchange (NSE). This happened amid reports that Reliance Retail Ventures (RRVL), its promoter, proposed to sell a 2% stake in the company via open market transactions. The Mukesh Ambani-led company is the [...]
The board of Hinduja Global Solutions Ltd has approved the buyback of its shares from the markets at a premium of 25 percent from the current levels. On December 19th, the board of the company approved a buyback of 60 lakh shares worth Rs 1,020 crore. On the news, the shares of the Hinduja group [...]
Arfin India Ltd is a company engaged in manufacturing aluminum products that received an order from Saudi Basic Industries Corporation ("SABIC") for the supply of 18,000 MT of Aluminium Deox. The supply is set to be completed in phases of four years. The value of the contract is Rs 350 Crores (USD 39.97 million). The [...]
Many new-age stocks like Nykaa, Paytm, Zomato, and Delhivery got listed sometime around the recent bull run. The lock-in period for most of them has come to an end, but it continues to be a big overhang. These stocks have suffered deep cuts in their share prices since their listing, however, brokerages seem to see [...]
Life Insurance Corporation in India has increased its stake in the monopoly company, Indian Railway Catering and Tourism Corporation (IRCTC). The insurance giant now holds a 7.278% stake in the company from its previous 5.005% as it bought an additional 1,81,80,323 shares taking its total holding to 5,82,22,948 Equity Shares. The shares of IRCTC were [...]
The shares of Polyplex Corporation hit a 52-week low of ₹ 1625.50 apiece on Monday. Its shares closed at ₹ 1638.00 apiece on the Bombay Stock Exchange (BSE). 90356 shares changed hands during the day. According to the latest filings, ace investor Dolly Khanna holds 3,68,170 shares of the company. Her holdings in the company [...]
A stock whose price ranges anywhere between Rs 1 to Rs 80 and has a market capitalization of less than Rs 500 crore is categorized as a Penny stock in India. These stocks are illiquid in nature as the trading volume is generally less and thus have a higher risk. These companies are microcaps and [...]
The shares of Sarveshwar Foods rallied 9.97% to reach an intraday high of ₹ 91.55 apiece on the National Stock Exchange (NSE), against the previous close of ₹ 83.25 on the National Stock Exchange (NSE). Its shares got locked at an upper circuit. Sarveshwar Foods is engaged in the manufacturing, trading and export of Basmati [...]
The shares of General Insurance Corporation of India (GIC) and New India Assurance Company Ltd (NIAC) gained 11.97% and 7.91%, respectively by 01:23 PM on Monday. In fact, the shares of GIC reached a fresh 52-week high of ₹ 188.15 apiece, on the National Stock Exchange (NSE). A slew of amendments to insurance laws is [...]
