On Wednesday Realty firm Godrej Properties said that it has raised Rs 1,160 crore through the issue of non-convertible debentures on a private placement basis. The company said the allotment committee of the Board of Directors approved the allotment of the Non-Convertible Debentures (NCDs). In a regulatory filing. Godrej Properties said the company has allotted [...]
Infosys a global leader in next-generation digital services and consulting, and NVIDIA today announced that they have expanded their strategic collaboration with the aim to help enterprises worldwide, drive productivity gains with generative AI applications and solutions. The expanded alliance will provide Infosys Topaz, an AI-first suite of services, solutions, and platforms that accelerate business [...]
A stock is said to be ‘undervalued’ when the price-to-earnings (P/E) ratio of the company is comparatively less than the industry average. Listed below are three NBFC stocks under Rs 400 that have a price-to-earnings (P/E) ratio lesser than that of the industry: L&T Finance Holdings Limited With a market capitalization of Rs 31,150.11 crores, [...]
This microcap stock rose 3% today and currently trades at Rs. 84.23 with a market cap of Rs. 567 crore. The stock is trading 11% away from its 52 week high. The stock has been on an uptrend since early April 2023 and now stands 13% higher than its 200 day moving average. International Conveyors [...]
This green energy stock rallied 5% on Wednesday to reach its 52- week high after the company announced its new operating capacity of 750 MW. Share price of Insolation Energy closed at Rs. 421.80 per share on Wednesday. It opened 5% higher to reach its 52- week high of Rs. 440.15 per share. The stock [...]
The price of a stock is determined by various factors like regulation, competition, liquidity, business prospects and so on. While a company’s leadership is critical to its success, its share price is not solely determined by the appointment of a CEO. However, the impact of leadership cannot be understated either. Reports suggest that 73 out [...]
Due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. Benchmark indices Sensex and Nifty declined more than 1 per cent on Wednesday. The 30-share BSE Sensex declined for a second day in a row, down 796 points or 1.18 per [...]
On Wednesday Aurobindo Pharma said that the US health regulator has issued a Form 483 with one observation after inspecting a formulation production facility of its unit in Andhra Pradesh. The US Food and Drug Administration (US FDA) inspected Unit IV of APL Healthcare Ltd, a wholly-owned subsidiary of the company, in Tirupati district of [...]
On Wednesday India Ratings and Research upwardly revised its FY24 real GDP growth estimate to 6.2 per cent from the 5.9 per cent expected earlier. The local rating agency ascribed its revision to a number of elements, including the government's capital expenditure, deleveraged bank and India Inc. balance sheets, low global commodity prices, and the [...]
This infra stock rose more than 2% in Wednesday’s trading session after the company’s subsidiary received an order worth Rs. 737 crore from the Ministry of Road Transport and Highways. Share price of G R Infra opened at Rs. 1250.05 per share and gained more than 2% in the market today to reach its intra- [...]
