The share price of a multibagger auto stock in ace investor Vijay Kedia’s portfolio shot up 19.31 percent on Wednesday’s early trades to reach a fresh 52-week high of ₹ 453.45 apiece on the National Stock Exchange (NSE). This happened after the company announced the appointment of its chairman and managing director. According to an [...]
Fundamentally strong companies possess strong financials, such as a low debt-to-equity ratio, considerable profit growth, and consistent cash flow. Such companies are more likely to endure and emerge stronger from market downturns. According to Grand View research, the global pharmaceutical manufacturing market size was estimated at USD 516.48 billion in 2022 and is expected to [...]
June quarter results are almost coming to an end with a lot of companies posting robust numbers by way of zooming their revenues and net profits which, in turn, paves the way for a potential bright future for the companies. Listed below are 2 stocks under the “small-cap” category which portray a revenue growth of [...]
Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL). "This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore," Reliance Industries said in a regulatory filing. RRVL, through its subsidiaries and associates, [...]
Hindustan Zinc signs Memorandum of Understanding with CSIR-CIMFR at the inaugural session of its 5-day long ‘One Week One Lab’ program, the brainchild of f Union Science and Technology Minister Dr Jitendra Singh • Along with various other mining giants, this MoU will develop and deliver sustainable cutting-edge technologies for social upliftment and industrial advancement [...]
Shares of an electrical equipment manufacturer gained as much as 6.14% on Wednesday trades to reach an intraday high of ₹ 316.35 apiece on the National Stock Exchange (NSE). This happened after the company disclosed a strategy that could lead to double-digit revenue growth. Its shares settled at ₹ 308.55 apiece. The company in its [...]
The CBI has registered two separate cases against Varun Industries for alleged bank fraud of more than Rs 388 crore, officials said Wednesday. The company, its promoters and directors Kailash Agarwal and Kiran Mehta were booked in the two fresh cases registered on separate complaints from the Central Bank of India and Canara Bank, they [...]
Benchmark Sensex rose by 213 points while Nifty settled above the 19,400 level on Wednesday following buying in banking counters and early gains in European stocks. The BSE Sensex climbed 213.27 points or 0.33 per cent to settle at 65,433.30. During the day, it jumped 284.68 points or 0.43 per cent to 65,504.71. The NSE [...]
Realty firm Shriram Properties Ltd (SPL) and ASK Property Fund on Wednesday announced a joint investment of Rs 206 crore in a residential project in Chennai. The joint investment is "towards 100 per cent of development rights in an ongoing project in Chennai, through SPL's wholly owned subsidiary Shrivision Elevations Pvt Ltd." The project acquisition [...]
Onion auctions at all APMCs in Maharashtra's Nashik district closed for three days now, will resume from Thursday as traders protesting the imposition of 40 per cent export duty on the key kitchen staple have decided to withdraw the agitation, a traders' representative here said on Wednesday. The decision was taken in a meeting of [...]
