Shares of this Engineering stock under the ‘mid-cap’ category rose up to 11 percent after receiving various orders across a wide range of business segments. In the last six months, the company’s stock has gained more than 50 percent. With a market capitalization of Rs 17,973.05 crores, the stocks of KEC International Limited started their [...]
To fund business growth state-owned Bank of Maharashtra (BoM) on Tuesday said it plans to raise Rs 1,500 crore through bonds. BoM said in a regulatory filing, the lender intends to raise the funds through private placement of Basel-III compliant tier II bonds. The issue size is Rs 250 crore with a green shoe option [...]
In the illiquid stock option segment on the BSE for indulging in non-genuine trades, SEBI has imposed fines totaling Rs 35 lakh on seven entities. In seven different orders on Monday, the regulator slapped a fine of Rs 5 lakh each on Subhash Kumar Poddar HUF, Manoj Kumar Goenka HUF, Ayan Akhter Husain, Ankita Didwania, [...]
Shares of a railway company touched its all-time high of ₹ 835.00 apiece on the Bombay Stock Exchange (BSE) on Wednesday’s early trades. However, it slipped into the red soon after. Its share price dropped by 5 percent to 791.45 (intraday low), as compared to its previous closing price of ₹ 801.50, and by 8.81 [...]
Shares of one of India's leading non-banking financial companies fell over 2 percent to Rs 124.60 per share on Tuesday after US-based private investment firm Bain Capital sold a 2.8 percent interest in the company. At 11:01 a.m., L&T Finance Holdings Ltd shares were trading at Rs 126.45 per share, down 0.24 percent from the [...]
On Tuesday TPG-backed wires and cables manufacturer RR Kabel Ltd said that it has mobilised Rs 585.62 crore from anchor investors ahead of its initial share sale. According to a circular uploaded on the NSE, an average price of Rs 1,035 apiece, the company has allocated 56,58,201 equity shares to 54 entities. HDFC Mutual Fund, [...]
The BSE Sensex ended its eight-day winning streak in early trade on Wednesday as equity benchmark indices fell due to negative global market trends and new outflows of foreign funds. Also, the high valuation concerns of the domestic market made investors cautious. The Nifty declined 49.1 points to 19,944.10. The 30-share BSE Sensex decreased 167.77 [...]
Net Profit, one of the most tracked metrics in the capital market industry, measures a company’s profitability, i.e., how efficiently a company is earning a margin of money as compared to the revenues generated. Listed below are three stocks associated with the ‘Steel’ industry that portray a Net Profit CAGR of up to 190 percent [...]
According to Union Minister Mahindra Nath Pandey, production of the first batch of advanced chemistry cell batteries in India is anticipated to start by January 2024. The PLI (Production Linked Incentives) scheme for the production of ACC (Advanced Chemistry Cell) batteries, with an estimated outlay of Rs 18,100 crore, was approved by the government in [...]
After the trading session on Tuesday, Nifty50 closed at Rs. 19,993.20 levels. It gained 0.5% to reach its all time high of Rs. 20110.35 levels. In the last five days, Nifty has recorded an increase in its growth by more than 2%. Nifty50 contains a total of 50 equity stocks from 50 respective companies. Some [...]
