The shares of Hindustan Motors Limited opened at Rs 17.95 on Wednesday which was a gap of 7.5 per cent from the previous close of Rs 16.70. Further, it inches by 2.5 per cent to hit an upper circuit at Rs 18.35. The shares of the company soared after it announced that it has entered [...]
The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital. The Gurugram-based hospital in a statement on Wednesday claimed that the investment is the largest in the domestic mental health space so far and will help it create a [...]
The shares of FSN E-Commerce Ventures Ltd (Nykaa) tanked by nearly 12% in the last three days, to trade at ₹ 170.75 apiece on Wednesday. The company has been in the news, especially after the issue of bonus shares and after the lock-in period for its pre-IPO investors came to an end. According to the [...]
US-based agency, S&P Global Ratings on November 21 upgraded Axis Bank's long-term issue rating on their senior unsecured notes to 'BBB-' from 'BB+' on improving asset quality. In addition, it raised the private lender’s long-term and short-term issuer credit rating on the lender to 'BBB-/A-3' from 'BB+/B’ and kept the outlook 'Stable' for the bank. [...]
The total leasing of office space, which comprises demand for all grades of buildings, fell 21 per cent year-on-year in October across seven major cities to 6.7 million square feet on lower demand, according to property consultant JLL India. The aggregate office market leasing activities refer to transactions for all grades or types of buildings [...]
Benchmark indices made a gap-up start on Wednesday tracking strength across global markets. The thirty share index (BSE Sensex) opened at 61779.70 points, up 0.59%, while the fifty share index (Nifty 50) opened at 18325.20 points, up 0.44%. Here are a few shares that gained more than 10% as the markets edged higher: Edelweiss Financial [...]
The largest state insurer Life Insurance Corporation of India (LIC) has increased its holding in the Mahindra group company, Tech Mahindra Ltd. As per the latest shareholding pattern, LIC has increased its total holding by 2.011% in the quarter. LIC has increased its total shareholding from 4,73,44,343 to 6,69,25,392 Equity Shares effectively increasing the stake [...]
The rupee depreciated 14 paise to 81.81 against the US dollar in early trade on Wednesday, tracking a strong American currency and sustained foreign fund outflows. At the interbank foreign exchange, the domestic unit opened at 81.81 against the dollar, registering a loss of 14 paise over its previous close. On Tuesday, the rupee appreciated [...]
The shares of Advait Infratech Ltd were trading at Rs 629 levels till the afternoon on Tuesday afternoon. The stock has been volatile and has gained approximately 13 per cent in a month. Advait Infratech is engaged in business verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning -marketing, [...]
Investors wish to receive maximum returns on their investments. Many of them do this by investing in value stocks. This works in a similar way to buying something at a price lower than its actual value and selling it later at a higher price. Many factors are considered to find value stocks. These include a [...]
