The shares of this PSU stock in the power sector gained nearly 6% after the company announced robust Q1 results, followed by a brokerage's strong projection of a 27% upside. On Wednesday, Power Finance Corporation Ltd. shares were trading at ₹488.80 per share, up 2.86 percent on the National Stock Exchange. The company has a [...]
The share of the market leader in wind turbine manufacturers gained up to 5 percent after the company announced the acquisition of a 76% stake in Renom Energy Services worth Rs 660 crore. With a market capitalization of Rs 93,559.50 crore, the shares of Suzlon Energy Ltd were trading at Rs 68.52 per share, increasing [...]
In Wednesday’s trading session, the shares of one of India’s leading Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) hit a 20% lower circuit at Rs. 346.8 on BSE, after reporting Rs. 36 crore net loss in Q1 FY24-25 as compared to Rs. 120.5 crore profit a year ago. With a market capitalisation of Rs. 3,503.5 crore, the [...]
A strong order book is crucial for an infrastructure company as it serves as a key indicator of future revenue and operational stability. It provides visibility into upcoming projects, allowing the company to plan resources and manage cash flow effectively. A healthy order backlog enhances investor confidence, demonstrating the company's ability to secure contracts and [...]
The Indian textile industry is a crucial sector of the country's economy, contributing significantly to exports, employment, and overall economic growth. Recently, the Indian government has announced a capital expenditure (capex) of Rs 10,000 crore under the production-linked incentive (PLI) scheme to boost the domestic garment manufacturing and exports sector. The scheme is expected to [...]
The electric vehicle (EV) market in India is rapidly evolving, driven by increasing environmental awareness and supportive government policies aimed at achieving a significant penetration of EVs by 2030. The Indian EV market presents a promising investment opportunity, with various stocks showing significant growth potential. Listed below is one such EV stock in which FIIs [...]
The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share. A high P/E ratio may suggest that a stock is overvalued, with investors paying more for each unit of earnings growth. Conversely, a lower P/E ratio compared to market averages or industry peers is generally considered advantageous, as it indicates [...]
The benchmark indexes Nifty and Sensex fell for the third day in a row as investors were concerned about poor global signals and recession worries. In Tuesday’s trading session, Indian benchmark indices closed with slight losses in a highly volatile session. Nifty fell below 24,000. At the close of trade, the Sensex fell 166.33 points [...]
There have been ongoing protests in Bangladesh, particularly concerning political and economic issues, with a focus on demands for better governance, economic conditions, workers' rights, and many more. Following the ongoing protests and distress in Bangladesh, Sheikh Hasina the PM of Bangladesh dissolved the Parliament by resigning from her post and fled the country following [...]
Today, Tuesday, August 6, Indian benchmark indices closed with slight losses in a highly volatile session. Nifty fell below 24,000. At the close of trade, the Sensex fell 166.33 points or 0.21 percent to 78,593.07. Nifty was seen falling 63.05 points or 0.26 percent at 23,992.55. Here are the stocks that jumped 7% after Smallcap [...]
