This is an Indian company that carries 30% of the world's internet routes and is the global leader in wholesale voice provider underwater cable. In addition, it offers end-to-end reliable Internet delivery in over 150 countries. On Tuesday, Tata Communications' share price rose 6.5 percent after the company decided to buy its remaining stake in [...]
A company is said to be ‘fundamentally strong’ in nature when it portrays some characteristics which include a low debt-to-equity ratio, strong and consistently improving financials, Promoters having ‘skin in the game’, etc. Herein this article, we will analyse one such fundamentally strong stock which has a high Promoter holding: Permanent Magnets Limited Having a [...]
Defence Research & Development Organisation (DRDO) is India's largest research organisation under the Ministry of Defence. It is actively working to develop defence technology in a variety of fields, including weaponry, electronics, combat vehicles, and aeronautics. In light of geopolitical tensions, the Indian government is emphasising the necessity of self-reliance and indigenous growth in the [...]
The Minimum Public Shareholding Rule is applicable to all listed companies in India. As per the rule, 25 percent of the outstanding equity shares of a company must compulsorily be held by the public. Here, ‘public’ is defined as non-promoters. This rule was brought in to reduce promoter domination and stock markets are widely held [...]
The benchmark indices closed in the green today with the Sensex gaining 64 points and closing at Rs 65,344.17 and Nifty 50 gaining 24 points and closing at Rs 19,355.90. Listed below are four stocks present in the ‘Nifty 50’ Index that are trading at a discount of up to 20 percent to its 52-week [...]
In June, this year, the government had kicked-off its plan to fund energy transition projects of three big state refiners — the Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation (HPCL) in exchange for equity. IOCL, one of India’s largest oil refiners and a Maharatna company recently announced that [...]
Small-cap IT service provider shares rose 20% to a 52-week high after the company board approved an interim dividend of Rs 15 per share for fiscal year 2023-24. Xchanging Solutions Ltd shares closed today at Rs 107.75, up around 16.87 percent from the previous close of Rs 92. It has a market capitalization of Rs [...]
Index heavyweight Reliance Industries’ shares gained 4.65% on Monday’s intraday trades to hit a fresh 52-week high of ₹ 2,756.00. This happened after it decided to reduce the equity share capital held by its shareholders in Reliance Retail and announced the record date for the demerger of its financial services arm which will be renamed [...]
A Small-cap ice cream company with 300 Stock Keeping Units (SKUs) with a market capitalization of Rs 2,266 crores surged 18% in Monday's session, reaching a 52-week high price of Rs 3,294.65 per piece. At 3:25 p.m., Vadilal Industries Ltd shares were trading at Rs 3,175.50, up 14.49 percent. The stock price increased following the [...]
Shares of this Tata Group stock gained up to 2.70 percent today and hits 52-week high after strong sales growth of its wholly-owned subsidiary company. In the past six months, the stock has surged over 50 percent from Rs 412.90 at the start of 2023 to the current price level. With a market capitalization of [...]
