The shares of ITI Limited opened at Rs 98 levels and gained as much as 7 percent to trade at Rs 103 levels till the afternoon on Wednesday. The scrip gained after the company announced the appointment of its new Chairperson and Managing Director. The Government of India has appointed Shri Rajesh Rai to the [...]
The Consumer electronic companies in India remain optimistic about the uptrend in demand and have ramped up their production to have higher inventory. To avoid any supply chain disruptions, the company has geared up the production of both components and finished product. On the news, here are 3 stocks that have gained on Wednesday’s trading [...]
Leading stock exchange NSE has decided to extend the trading hours for interest rate derivatives contracts till 5 pm from Thursday onwards. At present, the contracts are traded between 9 am and 3:30 pm. The change in timing is aimed at converging it with underlying market timings, the National Stock Exchange (NSE) said in a [...]
The Uttar Pradesh government on Wednesday presented a Rs 6,90,242.43 crore Budget, including new schemes worth Rs 32,721.96 crore, for the financial year 2023-24. The total receipt is estimated at Rs 6,83,292.74 crore, which includes revenue receipts of Rs 5,70,865.66 crore and capital receipts of Rs 11,247.08 crore, Uttar Pradesh Finance Minister Suresh Kumar Khanna [...]
EKI Energy Services’ shares gained a sharp recovery after the company’s share price reached a 52-week low of ₹ 511.95 apiece on 17 February 2023. Its shares are currently locked in a 10% upper circuit at ₹ 832.70 apiece on the bourses. This indicates that they have gained 62.65% in the past five days. Investors [...]
Investing in stocks is considered to be risky by many investors. As a result, they tend to park a majority of their money in a fixed deposit (FD), Employee Provident Fund (PF) and Public Provident Fund (PPF). FD provides an interest of approximately 6.50 percent, EPF interest rate has remained steady at 8.10 percent and [...]
The shares of Wockhardt Ltd appreciated to the tune of 6.82% after the company during its investor meeting made an announcement about restructuring. Its shares reached an intraday high of ₹ 205.95 apiece on the National Stock Exchange (NSE). Wockhardt is a global pharmaceutical and biotechnology organisation engaged in manufacturing finished dosage formulations, injectables, biopharmaceuticals, [...]
Companies with high promoter holdings are typically considered to be safer to invest in, as compared to those companies with lower stakes. When the promoters think that their stock is worth buying, they increase their stake in it or maintain a high shareholding. It could also mean that they believe that the company’s share price [...]
Digital financial services firm One97 Communications, which operates under the Paytm brand, has sought shareholders' approval for a transaction totalling Rs 3,250 crore with Paytm Payments Bank Limited. The transaction includes availing of services of up to Rs 1,550 crore from the Paytm Payments Bank and rendering of services of up to Rs 1,700 crore [...]
Stock market benchmark indices fell in initial trade on Wednesday tracking weak global trends ahead of the release of minutes of the Federal Open Market Committee (FOMC) meeting. The BSE Sensex fell 329.12 points to 60,343.60 after a weak beginning. The NSE Nifty declined 97.3 points to 17,729.40. From the Sensex pack, IndusInd Bank, Wipro, [...]
