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Midcap stock with high FII holding zooms 10% after net profit increases 80% YoY; Board approves Buyback 

Midcap stock with high FII holding zooms 10% after net profit increases 80% YoY; Board approves Buyback 

Shares of this Mid-cap stock gained up to 10 percent after the announcement of financial results for Q1FY23-24. The company has a market capitalization of Rs 19,450 crores.  The stocks of Indiamart Intermesh Limited started their trading session today at Rs 3,050 and currently trade at Rs 3,168.20. The scrip witnessed an intra-day high price [...]
Largecap stock hits 52-week high after bagging order for a bullet train project, Announces a merger 

Largecap stock hits 52-week high after bagging order for a bullet train project, Announces a merger 

Shares of a large-cap stock gained 3.36 percent on Friday’s intraday trades to hit a fresh 52-week high of ₹ 2573.35 apiece on the National Stock Exchange (NSE) after the company bagged a mega-order and announced a merger of its two wholly owned subsidiaries.  Mega Order  Larsen and Toubro informed the bourses that the National [...]
Power stock falls 20% after receiving a ‘Stop Deal’ notice after alleged forgery 

Power stock falls 20% after receiving a ‘Stop Deal’ notice after alleged forgery 

The Gujarat Energy Transmission Corporation Ltd (GETCO) said that it would no longer do business with the company for a period of three years on the grounds that it has allegedly submitted forged Material Dispatch Clearance Certificates (MDCC) relating to transformers supplied by it.  The share price of Transformers and Rectifiers (India) suffered a deep [...]