The shares of Railtel Corporation of India traded 3 percent higher at Rs 130.80 levels till the afternoon after the company announced multiple work orders that it has received recently. The company received the work order from South Eastern Coalfields Limited for providing MPLS VPN services at 529 Locations under the SECL Command Area for [...]
After having a volatile year in 2022 which was led by geopolitical tension, rising inflation, and a surge in covid, the Indian market is still holding its ground. The benchmark indices Nifty and Sensex began the year in the green, indicating investor optimism. Here are two stocks recommended by analysts in 2023 for an upside [...]
The Indian Railways registered earnings of approximately ₹ 48,913 crores in the nine months ended December (April 2022 to December 2022). This is an escalation of 71% as compared to ₹ 28,569 during the corresponding period last year. The number of passengers with reserved bookings rose to 59.61 crores, up 6.35% as compared to 56.05 [...]
The Indian benchmark equity indices BSE Sensex and NSE Nifty open higher on the first trading session of the year. Nifty opened higher to trade at 18,128, up by 20 points while Sensex gained 41 points, trading at 60,881. As the markets zoomed, here are 3 Jindal group stocks that have reached a new 52-week [...]
The shares of Kalpataru Power Transmission (KPTL) and JMC Projects (JMC) hit their respective 52-week highs on the National Stock Exchange (NSE) after fixing January 11, 2023, as the record date for their merger. The shares of KPTL rose 6.01% on Monday’s early trades to reach a fresh 52-week high of ₹ 592.50 apiece, while [...]
The insurance sector in India got a boost recently after the finance ministry proposed amendments that would allow insurers to obtain a common license for all insurance businesses instead of multiple licenses that are currently required to sell insurance products. In addition to that, the government will now allow the distribution of other financial products [...]
The shares of Bikaji Foods International escalated 25% in the past five days from ₹ 365.45 apiece to ₹ 466.80 to reach a new high on Friday’s early trades. Its shares hit the 5% upper circuit for five days in a row. Bikaji Foods is one of India’s largest fast-moving consumer goods ("FMCG") brands. Its [...]
The shares of Bharti Airtel Limited remained in focus on Thursday as the company announced high investments for its 5G service rollout along with its plan to list its payments business. The Indian telecom operator announced that it is making a strategic plan to invest Rs 27,000-28,000 crore in telecom networks with a focus on [...]
PSUs staged a comeback after a decade of underwhelming performance, driven by the spectacular rally in PSU banks this year. The 13-stock Nifty PSU Bank index climbed a whopping 66.27% on a year-to-date basis, making it one of the best-performing sectoral indices this year. In fact, the surge led the Nifty PSE (Public Sector Enterprises) [...]
The shares of Rail Vikas Nigam Ltd (RVNL) jumped 4.96% on Wednesday’s early Trades. Its shares were locked in an upper circuit at ₹ 66.70 apiece. The company announced that it has been appointed as the project implementation agency for the UTF Harbor Project in Maldives by the Ministry of External Affairs. The company in [...]
