The shares of India Pesticides Limited opened at Rs 248.95 on Wednesday and gained as much as 10 percent till the afternoon to trade at Rs 264 levels. The shares surged after the government granted environmental clearance to the proposed project activity. As per the BSE Filing, Shalvis Specialities Limited (“SSL”), a wholly-owned subsidiary of [...]
Share India Securities Ltd, an NSE-listed company saw its shares gain as much as 10 percent in the early hours of Tuesday to trade at Rs 1,276 levels. The scrip rallied after the board of the company approved the Rights Issue of shares. At the meeting held on December 26th, 2022 the board approved the [...]
The shares of Gujarat Fluorochemicals Limited (GFL) were trading at ₹ 3001.00 apiece at 12:35 PM on Tuesday. The company’s share price has corrected by 15.58% in the past month, however, it has increased by 21.17% on a year-to-date (YTD) basis. Brokerage and research firm ICICI Securities in its research report dated December 26, 2022, [...]
Shriram Transport Finance Company, the largest financier of commercial vehicles, and Shriram City Union Finance, the largest two-wheeler financer and leader in micro, small and medium enterprise (MSME) lending, have recently been merged to form Shriram Finance Limited. Its shares were trading at ₹ 1350.00 at 01:40 PM on Monday. The newly merged company informed [...]
After turmoil due to Covid fears, the Indian benchmark indices opened on a positive note amid mixed global cues on the last trading week of the year. In the late morning session, BSE Sensex was trading higher at the 60,500 level, while NSE Nifty 50 was trading above 18,000. As the markets gained momentum, here [...]
The second half of this financial year has been all about PSU stocks hitting their all-time highs. Government banks, NBFCs, and other government companies have become the new favourite of retail and institutional investors alike. The news has been flooded with headlines covering improving asset quality, companies securing new contracts and more. Rail Vikas Nigam [...]
The National Company Law Tribunal has approved the merger of Kalpataru Power Transmission Ltd with JMC Projects (India) Ltd, which is set to make it the largest listed engineering and construction company in India. Kalpataru Power Transmission Limited is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas [...]
The shares of Samvardhana Motherson International shed approximately 2 percent and were trading at Rs 68.75 levels till the afternoon on Thursday. In the past six months, the stock has shed approximately 11 percent. Motherson Sumi Systems is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. In fact, it [...]
Indian markets opened higher on Thursday, tracking global equities. However, most shares slipped into the red, barring pharma and information technology stocks. The Sensex was at ₹ 60880 levels and the Nifty was at 18140 levels after shedding about 0.5% each. Here are a few stocks that reached their 52-week low on Thursday: BSE Ltd [...]
Global brokerage Jefferies said that its model portfolio has outperformed the Nifty by 209 bps from January to October 2022. However, since then it has underperformed as it raised cash, and the performance of the metals and the auto sector reversed. In its recent portfolio rejig, Jefferies chose two metal stocks — Tata Steel and [...]
