Shares of K&R Rail Engineering, a small-cap railway stock, have been on an uptrend. Its shares were locked in a 5% upper circuit on Thursday at ₹ 382.65 apiece on the Bombay Stock Exchange (BSE). The company is engaged in the business of laying private railway sidings on a turnkey basis. K&R Rail Engineering recently [...]
Thermal power plants monitored by the Central Electricity Authority (CEA) had 33.5 million tonne of coal stock as on Sunday, which was sufficient to run them for 12 days at 85 per cent capacity utilisation, Parliament was informed on Thursday. This assumes significance in view of projection of an unprecedented high demand of electricity during [...]
With a market capitalization of ₹ 63,874 crores, Tata Consumer Products Ltd. (TCPL) is a large-cap Tata group stock with a presence in the food and beverages business in India and internationally. It is one of the largest tea companies globally and has a significant market presence and leadership in many markets. Tata Consumer’s shares [...]
Cooling crude oil prices sent the shares of major oil marketing companies (OMC) higher. Shares of state-run OMCs like Indian Oil, Bharat Petroleum and Hindustan Petroleum appreciated to the tune of 5%, a day after international crude oil prices used to their lowest levels recorded in more than a year. Brent crude and US WTI [...]
The domestic equity market on Thursday snapped the five-day losing streak as the benchmark Sensex recouped its lost ground and closed 78 points higher on fag-end value buying in banking, energy and financial stocks. A positive opening in the European market helped the investor sentiments even as clouds hovered over the health of the global [...]
India's fuel demand fell in the first half of March after posting a record growth in the previous month, preliminary industry data showed on Thursday. Fuel sales soared to the highest levels in February on the back of robust demand from the agriculture sector as well as transport picking up after the winter lull. March [...]
Caller ID verification platform Truecaller on Thursday announced the opening of its first exclusive office space outside of Sweden, in Bengaluru. The office was inaugurated virtually by Union Minister of State for Skill Development and Entrepreneurship & Electronics and Information Technology, Rajeev Chandrasekhar. A press release issued by the company said the Bengaluru facility occupies [...]
Domestic Benchmark Indices were trading in a volatile session on Thursday. The thirty-share BSE Sensex was trading 0.46% higher at 57823.30 points and the fifty-share NSE Nifty 50 was trading at 17,044.80 points, up 0.43% at 02:40 PM on Thursday. In an otherwise volatile market, here are two fundamentally strong stocks with an upside of [...]
Domestic pharmaceutical industry is expected to witness a revenue growth of 6-8 per cent in the next fiscal, rating agency Icra said on Thursday. Despite several disruptive events, the Indian pharmaceutical market (IPM) witnessed a healthy CAGR of 10.9 per cent between FY2012 and FY2022. "Going forward, ICRA expects revenues for its sample set to [...]
With stock exchanges freezing shares of its promoters, Patanjali Foods on Thursday said the move will not impact the company's operation and it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25 per cent. Stock exchanges NSE and BSE have frozen the shares of [...]
