The shares of Container Corporation of India Ltd. (CONCOR) jumped 6.88% on Wednesday to close at Rs. 771 per share. The surge in CONCOR’s stock price has been attributed to the news of DIPAM initiating roadshows for the divestment of the company. Incorporated in March 1988, CONCOR is a subsidiary of the Ministry of Railways, [...]
The shares of Rexnord Electronics and Controls Ltd. rallied 10% on the bourses during the early hours of trading on Wednesday. The stock of the company rose sharply to reach its upper circuit limit and 52-week high of Rs. 159.50 per share. Rexnord Electronics and Controls Ltd. is a small-cap electrical goods manufacturer with a [...]
The shares of ONGC inched marginally higher and closed at Rs 128.8 on Tuesday. In the past month, the stock has been volatile and shed approximately 1.5 per cent. A few days ago, Oil & Natural Gas Corporation Limited (ONGC) announced that the company through its offshore arm ONGC Videsh Ltd. is planning to buy [...]
The shares of Zee Entertainment Enterprises Limited were trading 3.5 per cent higher at Rs 273 levels on Tuesday afternoon. The stock has remained volatile in the last month and has inched marginally by 2.3 per cent. Recently, the shareholders of the media company have approved the proposed merger of their business with its peer [...]
The shares of Confidence Futuristic Energetech Ltd were locked at ₹ 419.80 apiece, in a 5% upper circuit on Monday. In fact, the shares hit the upper circuit for 53 trading sessions in a row. Confidence Futuristic Energetech Ltd is an Indian company that manufactures and sells blast-proof, translucent and lightweight composite cylinders to both [...]
With the earnings season rolling in, Indian companies have started reporting their performance in the June to September (Q2) period of FY22. Here are two bank stocks on which analysts remain bullish and see an upside of up to 40 per cent after their Q2 results: Federal Bank Limited The shares of the bank zoomed [...]
The shares of IT-major Infosys Ltd. shot up more than 5% today on the bourses to touch their day’s high of Rs. 1,494. The stock came down slightly and eventually closed at Rs. 1,477 per share, up 4.02% for the day. The surge in stock price comes after India’s second-largest IT services company clocked a [...]
Megastar Foods Ltd, a multibagger stock, hit the 5% upper circuit for the fourth day in a row and gained 28.88% in the past five days. Its shares are currently locked at ₹ 247.65 apiece, a fresh 52-week high. 34068 shares changed hands during Friday’s early trades on the Bombay Stock Exchange. Megastar Foods is [...]
The Indian cement industry started witnessing consolidation from the second quarter (June to September 2022) of the current fiscal year. The wave was created by the ports-to-power conglomerate the Adani Group acquiring Ambuja Cements and ACC from the Holcim Group for $6.5 billion. In his next big act, Gautam Adani is eying the purchase of [...]
Atam Valves Ltd. a microcap company has recorded a strong increase in its share price so far this year. The company is engaged in the manufacturing, production and sale of all types of valves, cocks, boiler mounting, pipe fittings, sanitary fitting, and the fabrication of steel and iron or non-ferrous metal and by-products. The stock [...]
