State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. The P17A Project comprises the construction of seven ships, of which six have been launched between September 2019 and August 2023. In a statement [...]
Jupiter Life Line Hospitals, a multispecialty hospital network, announced on Friday that it has set a price range of Rs. 695-735 per share for its Rs. 869-crore initial public offering (IPO). The company said the initial share sale will open for public subscription during September 6-8 and the bidding for anchor investors will open on [...]
The winning bidder, Jalan Kalrock Consortium, announced on Thursday that it has invested an additional Rs 100 crore in Jet Airways, bringing its total investment in the airline to Rs 250 crore. "JKC confirms to have deposited Rs 100 crores in Jet Airways in less than 48 hours of the NCLAT allowing implementation of the [...]
Verlinvest Asia Pte Ltd, an investment firm, sold a 12.56 per cent stake in the wine manufacturer Sula Vineyards on Thursday for Rs 513 crore in an open market deal. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk [...]
Radhakishan Damani is an ace investor and a business magnate. He is the founder of Avenue Supermarts (DMart) and was reportedly the largest shareholder of HDFC Bank after it went public in the year 1995. Recently a stock in his portfolio received a double upgrade from a brokerage. Financial Services giant UBS elevated the shares [...]
Multibagger stocks are those that return multiple times the initial investment, or 100 percent higher returns, in a relatively short period of time. Multibagger stocks are often defined as having strong fundamentals, growth potential, and great manufacturing methodologies and strategies. Here are the three stocks that turned into Multibagger in the Month of August Universal [...]
India recorded an economic growth rate of 7.8% in the April-June quarter of 2023-24 and remained the fastest growing large economy mainly due to better performance by agriculture and financial sectors, government data showed on Thursday. The Gross Domestic Product (GDP) expanded by 13.1% in the April-June quarter of 2022-23. India remained the fastest-growing major [...]
The green energy sector has become an attractive avenue for investors amid increasing environmental concerns, government support, and massive investments. Top conglomerates in this space are expanding assets and capacities to help achieve India’s 2030 target of reaching 500 GW installed capacity. Foreign Institutional Investors invest in companies after looking at the company's fundamentals and [...]
BSE said on Thursday that the recently demerged entity from Reliance Group Led by Mukesh Ambani, Jio Financial Services will be dropped from all S&P BSE indices from September 1 prior to trading open. Earlier, the stock was slated to be removed from the indices on August 24. Later, it was postponed to August 29. [...]
This small cap stock gained 10% to reach its upper circuit after the company filed its 23rd annual report for FY23. The company also declared the date for their upcoming Annual General Meeting. (AGM) Share prices of BF Utilities reached its upper circuit of 10% of Rs. 689.45 per share. By the end of the [...]
