The shares of Shriram Transport Finance Company gained more than 2 percent on Tuesday at Rs 1,321 levels. In the past six months, the shares have gained approximately 12 percent. Recently the company, which is India’s largest financier of commercial vehicles merged with its other group company Shriram City Union Finance which is the largest [...]
Sugar stocks surged in the early hours of Tuesday after reports surfaced that the companies are likely to see a fall in production in the coming months. The marketing year for sugar companies is from October to September of the year. The reports suggest that sugar production is likely to see a drop of as [...]
The shares of Adani Enterprises Limited, tumbled by more than 2 percent in the early hours of Monday. This came after several media reports surfaced that said the company has added more debt to its balance sheet. As per the reports, Adani Airport Holdings, part of Adani Enterprises has increased its borrowing limit by Rs [...]
One 97 Communications (Paytm) zoomed 10.70% in the past five days, following a 60.77% plunge since January. Its shares were trading at ₹ 525.10 apiece at 11:40 AM on the National Stock Exchange (NSE). The company's management told analysts that it would become cash flow positive within the next 12 to 18 months. It reiterated [...]
The shares of NMDC Limited were trading in green till Friday afternoon at Rs 120 levels. The stock is under the radar of investors after the government made announcements regarding a stake sale of the company. The government has invited preliminary bids for the strategic sale of NMDC's Nagarnar Steel Plant. The last date for [...]
Oil and gas stocks inched higher on Friday's early trades as the Government of India (GoI) was mulling over a further reduction of the windfall tax on exports of locally produced oil and diesel. Some of the gainers include Oil & Natural Gas Corporation Ltd (up 0.86%), Gujarat Gas Ltd (up 2.67%), Indian Oil Corporation [...]
The Indian benchmark indices rallied in the month of November after the bulls took charge. On the last day of the month, Nifty topped the 18,800 level, hitting a new record high of 18,816.05. While the BSE Sensex surged over 500 points to surpass the 63,300 level. The indices continue to rise on the first [...]
The shares of Tamilnad Mercantile Bank (TMB) appreciated to the tune of 7.57% to reach a 52-week high of ₹ 548.50 apiece after the Reserve Bank of India (RBI) authorized it to undertake government business on its behalf. Its shares were trading at ₹ 528.15 (up 3.58%) at 11:51 AM on Thursday. The private sector [...]
Gland Pharma has entered into a put option agreement to acquire a 100% of Cenexi Group for an equity value not exceeding Euro 120 million (Enterprise Value of Euro 230 million). Its shares were trading 4.17% lower at ₹ 1799.70 apiece at 12:19 PM on Wednesday. The Cenexi Group is primarily a Contract Development & [...]
The shares of Britannia Industries Limited opened in green on Wednesday morning and moved marginally to reach its new 52-week high of Rs 4,337.30 in the early hours. In the past five days, the stock has gained approximately 3.6 percent. Recently, the company announced that it has entered into a joint venture agreement with French [...]
