Stocks of Intellect Design Arena Limited zoomed 13 percent today and currently trade at Rs 526. In the last 5 trading sessions, the stock has gained around 16 percent ranging from Rs 454 to the current levels. The company’s stock prices hiked after it announced its Q4 as well as annual results for FY22-23. Moreover, [...]
The automobile sector is a fast-paced, ever-changing industry. Any economic cycle will have a direct impact on the sector, and companies will strive to maximize earnings and remain competitive in both good and bad times. The auto industry has changed significantly over the last decade with automobile prices leveling out as the sector transforms into [...]
Shares of Alkyl Amines Chemicals Limited are currently trading at a price of Rs 2,554 and has a market capitalization of Rs 13,041 crores. The scrip has given multibagger returns of approximately 8,600 percent during a long-term period of ten years ranging from Rs 30 in May 2013 to the current levels. It means that [...]
Shares of South Indian Bank Limited spiked 10 percent today and currently trade at a price of Rs 17.95. In the last one-month period, the stock has been able to generate around 18 percent returns for its stakeholders. One of the prime causes leading the stock prices to jump today is after the Bank, through [...]
Hyperlocal startup magicpin on Friday said has recorded 200-fold growth in daily orders to 20,000 per day within the first five weeks of joining the government-supported Open Network for Digital Commerce (ONDC). Magicpin said it has reached 20,000 per orders day on the ONDC platform in the week ending May 7. "Within the first four [...]
Domestic passenger vehicle dispatches witnessed a 13 per cent year-on-year rise in April as demand remained robust across segments, industry body SIAM said on Friday. The total passenger vehicle dispatches from companies to dealers rose to 3,31,278 units last month compared to 2,93,303 units in April 2022. Market leader Maruti Suzuki India dispatched 1,37,320 units [...]
The shares of Dr. Reddy's Laboratories Ltd opened at the price of ₹4,543.30 on Friday, logging over a 7.60 percent downfall from two trading sessions from a price of ₹ 4,869 on Wednesday. One of the probable reasons for the low stock price movement is the company's recent announcement of Q4 FY 22-23 earnings. The [...]
Shares of Adani Total Gas and Adani Transmission fell in morning trade on Friday after MSCI announced that the two companies will move out of the MSCI India Index with effect from May 31. The stock of Adani Total Gas tumbled 5 per cent to Rs 812.60 -- its lower circuit limit -- on the [...]
State-owned Oil and Natural Gas Corporation (ONGC) has discovered crude oil and natural gas in two blocks in Mumbai offshore, the company said on Thursday without giving details of reserves found. The discoveries, which have been named 'Amrit' and 'Moonga', were made in the blocks that the company won in recent open acreage licensing rounds. [...]
The initial public offering (IPO) of Nexus Select Trust, the first REIT backed by rent-yielding retail real estate assets, was subscribed 5.45 times on the last day of subscription on Thursday. The Rs 3,200-crore share sale received bids for 101.03 crore units against 18.52 crore units on offer, according to an update available with the NSE. [...]
