The Defence Ministry has approved a proposal to purchase approximately 6,400 rockets for Pinaka multi-barrel rocket launcher systems worth Rs 2,800 crore to strengthen the Indian army's firepower. The Pinaka Multi-Barrel Rocket Launcher (MBRL) is a multiple rocket launcher produced in India and developed for the Indian Army by the Defence Research and Development Organisation [...]
The Benchmark Indices closed in the green on Friday, hitting its all-time high levels, with the Sensex gaining 969.55 points or 1.37 percent, ending the week at 71,483.75, and the Nifty 50 index gaining 273.95 points or 1.29 percent, ending the week at 21,456.65. In the last five trading sessions, the Sensex gained around 2.18 [...]
Public Sector Undertakings (PSU) or Central Public Sector Enterprises (CPSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state/central governments. Here are the 3 multi-bagger Public Sector Enterprises with a return on equity(ROE) of up to 63.33 percent REC REC Limited is [...]
The benchmark Nifty 50 index crossed beyond the 21,000 mark in 61 trading sessions from when it first scaled the 20,000 mark on September 11, 2023. The achievement of this milestone is a testament to the strong performance of the Indian economy, with key economic indicators such as GDP and corporate earnings showing positive growth. [...]
The shares of India's leading player in the defense electronics sector gained 3.75 percent to a 52-week high price of Rs 170.15 per share on Friday after UBS revised a target price on the stock with a 21 percent upside. At 3:05 p.m., On Friday, Bharat Electronics Ltd shares were trading at Rs 168.85, up [...]
The largest rail network in Asia and the second largest in the world run by a single government is Indian Railways. Every day, the railway transports 3 million tons of freight through more than 7,421 cargo trains. The Indian Railways has lined up a plan to purchase new trains worth Rs 1 lakh crore over [...]
Small-cap stocks are defined as companies having a market capitalization of less than Rs 16800 crores. These companies may not be as well-known as large-cap companies, but they still offer investors the chance to earn larger returns. Chennai Petroleum Corporation Ltd Chennai Petroleum Corporation Limited refines crude oil to produce and supply various petroleum products, [...]
The National Highways Authority of India is in charge of the creation, upkeep, and administration of the National Highways under its jurisdiction as well as any issues related or incidental thereto. In 1988, an Act of Parliament established the National Highways Authority of India (NHAI), which is governed administratively by the Ministry of Road Transport [...]
ICICI Securities has upgraded its buy target on this NBFC company from Rs. 1,100 to Rs. 1,400 per share, a 33 percent increase from the current price. The ICICI Securities report highlights the company's new Vision 2028, which aims for a CAGR of 25 percent or more in AUM and 22 percent or more in [...]
Since the Covid-19 pandemic, a wide range of stocks listed in India have given tremendous returns to its stakeholders paving the way for them to increase their wealth base. Listed below is one such stock under the ‘small-cap’ category that has delivered a whopping return of 3,500 percent to its shareholders within three years: Servotech [...]
