Shares of a company in Ashish Kacholia’s portfolio appreciated to the tune of 4% to reach an intraday high of ₹ 1090.00 apiece on Friday after it announced the record date for a 1:5 stock split. On Friday, its shares closed at ₹ 1,055 apiece. ADF Foods is engaged in the business of manufacturing and selling [...]
Net profit margin for any company is calculated by dividing net earnings by net revenue and then multiplying by 100. It is known as the amount of earnings left after subtracting all the expenses. It indicates the profitability of the company. It helps the investors analyse if a company is generating enough profit through its [...]
Shares of a new-age stock gained nearly 4 percent to hit a fresh 52-week high of ₹ 939.00 apiece on the Bombay Stock Exchange (BSE) amid a block deal buzz and hopes of inclusion in the MSCI index. Its shares settled at ₹ 899.30 apiece on Friday. Around 2.3 crore shares or a 3.6 percent [...]
BSE and the National Stock Exchange have imposed a fine of Rs 5.36 lakh each on state-owned Power Grid Corporation for not having the required number of independent directors including one woman on their board in the June quarter. "Company has received notices from National Stock Exchange of India (NSE) and BSE on August 21, [...]
Shares of Shoppers Stop tumbled 13 per cent on Friday after the resignation of its Managing Director & CEO Venugopal G Nair. The stock tanked 12.64 per cent to settle at Rs 708.85 apiece on the BSE. During the day, it fell by 13.56 per cent to Rs 701.35. On the NSE, it cracked 13 [...]
State-owned Power Finance Corporation (PFC) has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide a Rs 4,527.68 crore loan to set up a 1,320 MW project at Raghunathpur in West Bengal. The Raghunathpur Phase-II project -- a collaborative effort between PFC and DVC -- will contribute significantly [...]
Shares of this small-cap stock jumped 11 percent on Friday after a well-known Investment Bank initiated coverage of the company. With a market capitalization of Rs 7,267.77 crores, the stocks of KFin Technologies Limited closed at Rs 427.65 on Friday gaining 11 percent compared to the previous closing levels of Rs 384.80 apiece. Moreover, the [...]
JBM Auto is gearing up to participate in the recently announced scheme under which 10,000 electric buses will be deployed in 169 cities under the public-private partnership model, a top company official said on Friday. The company, which already has orders for 5,000 electric buses from across the country in its kitty, is looking to [...]
Renewable energy solutions are offered by Suzlon Energy Ltd (Suzlon). It provides thorough solutions that address every aspect of wind energy projects. The business offers full turnkey solutions, starting with design and ending with asset life-cycle management. Along with producing power, selling solar panels, and offering fully produced castings, forgings, and foundry parts, Suzlon also [...]
Aircraft MRO services provider Haveus Aerotech India on Friday said it has signed an initial pact with Hindustan Aeronautics Ltd for exploring business opportunities in the civil aviation sector both in the domestic and international markets. The memorandum of understanding (MoU) signed with HAL Accessories Division Lucknow (ADL), which is into manufacturing of aircraft systems [...]
