Jefferies recently gave 19 stock ideas for December. It is bullish on the shares of Tata motors. Jefferies said that it likes Tata Motors based on the cyclical recovery and improving franchise in India, early leadership in India EVs, and JLR's focus on returning to higher margin Land Rover models. It noted that Indian truck [...]
The shares of Narmada Gelatines Ltd were in focus on Thursday after the company declared a special dividend. Its shares were trading at ₹ 292 levels on Wednesday and were locked at ₹ 385.00 on Thursday, indicating an increase of 31.85%. After the announcement, they gained a whopping 20% and hit the upper circuit limit. [...]
The shares of Triveni Engineering and Industries declined 6.36% on Thursday to reach an intraday low of ₹ 275.25. They were trading at ₹ 276.70 apiece at 02:31 PM on Thursday. Around 20.73 million shares representing 8.58% of Triveni Engineering changed hands on the BSE. The names of the buyers and sellers were not known [...]
The shares of Fertilisers and Chemicals Travancore Limited gained as much as 5 per cent till the afternoon on Thursday and reached a new 52-week high of Rs 173.95. The shares of the company were trading at Rs 55 a piece on NSE in 2020 around the same time. From there it has spiked up [...]
The shares of Cummins India Limited started the session on Thursday at a strong note as it reached a new 52-week high of Rs 1,471.25. The Global power solutions provider came to the limelight after the company in collaboration with Tecnimont Pvt ltd will help GAIL (India) set up a proton exchange membrane electrolyzer for [...]
Commercial services company Sarthak Industries Ltd has announced a bonus issue in the ratio of 1:3. Its shares closed at ₹ 176.55 apiece on Wednesday on the Bombay Stock Exchange (BSE). It has given multibagger returns of 2867.23% in the past five years. Sarthak Industries Ltd is a small-cap company that manufactures and repairs LPG [...]
The shares of Power Mech Projects Ltd surged to a record high of ₹ 2398.00 apiece on the BSE during early trades on Wednesday. The stock has outperformed the benchmark index this year (YTD) and has given multibagger returns. Power Mech Projects is an engineering and construction company providing integrated services in the erection, testing [...]
The Reserve Bank of India, on Wednesday, hiked the repo rate by 35 basis points, in line with expectations. As a result, investors cheered and banking stocks gained momentum. While notable gains were seen in private banks, PSU banks were big winners. In the meanwhile, Morgan Stanley has raised earnings estimates and valuation multiples for [...]
Dynacons Systems & Solutions has won a contract from the Union Bank of India for creating and implementing private cloud solutions for the bank. The project is worth Rs 116 crore and will last for a period of 5 years. The bank has placed an order for the supply, installation, configuration, implementation, and maintenance of [...]
Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotives of 9000 HP (horsepower) worth over ₹20,000 crores at Dahod in Gujarat. Its share price surged 6.67% to reach an intraday high of 2948.00 apiece on the National Stock Exchange (NSE). PTI reported that the estimated cost of [...]
