To reduce dependency on foreign funds, the Indian government is on the path of mixing 20 percent ethanol into automobile fuel. As a result, the Indian ethanol sector has seen tremendous success in recent months, surpassing the 10% ethanol blending rate five months ahead of schedule. However, in order to meet the government's blending target, [...]
Defence stocks have been on the radar amid a remarkable rally in their share prices. Experts opine that defence stocks had minimal representation in the Indian equity market about two years ago, however, they have been unstoppable lately and are leaving investors ecstatic. There is a push towards indigenisation and a possible surge in exports. [...]
With the recent downfall witnessed by the Indian securities market, retail investors are in continuous search of stocks to enter at a reasonable price. Listed below is one stock from the Tata Group universe that is currently trading at a discount of more than 30 percent compared to its 52-week high: Tata Elxsi Limited With [...]
Shares of Adani group firms fell on Monday after Deloitte resigned as auditor of the group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other companies in the conglomerate following the report of a [...]
Benchmark equity indices bounced back sharply and ended in the positive territory on Monday, helped by fag-end buying in index heavyweights Reliance Industries and Infosys along with a firm beginning in European markets. The 30-share BSE Sensex climbed 79.27 points or 0.12% to settle at 65,401.92. During the day, it fell 500.77 points or 0.76% [...]
This small-cap company stock rose strongly after the announcement of its recent earnings. The stock began trading on Monday at Rs. 650.05 and closed at Rs. 686.90. The stock is currently trading above both the 50-day and 200-day moving averages, and it is 4.2% below its 52-week high. Cochin Shipyard Ltd Government-owned Cochin Shipyard Ltd. [...]
This S&P BSE smallcap stock jumped 14% after reporting Q1 FY24 results on Monday. The stock is 1.5% away from its 52 week high, currently trading at Rs. 218, breaking out of stagnant volumes & sideways movement over the week and month of 65k with 6x volumes of 4 lakh. It is trading 3.3% above [...]
Hi-Tech Pipes has reported around an 80% rise in its net profit to Rs 8.02 crore during the quarter ended June 30, mainly due to higher revenues. It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's revenue [...]
Realty firm Shriram Properties on Monday reported a 59% increase in its consolidated net profit to Rs 16.62 crore for the first quarter of this fiscal. Its net profit stood at Rs 10.47 crore in the year-ago period. The total income rose to Rs 157.17 crore during the April-June period of 2023-24 from Rs 145.11 [...]
The Plastic Plumbing products company hit 20% upper circuit within the first hour on Monday after it reported outstanding Q1 FY24 results on Saturday. The stock is locked in at Rs. 68.55 and is 1.4% away from its 52 week high. The stock demonstrates strong momentum, indicated by positive community sentiment driving increasing volumes and [...]
