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Indices with modest losses; Pharma shares surge

Indices with modest losses; Pharma shares surge

The Indian equity benchmark continues to trade in the region of losses, although losses are limited. The Nifty is trading above the level of 20,850 mark after hitting the day’s low of 20769.50 in the early afternoon trade. European markets edged higher while their Asian counterparts traded in a mixed manner today. Pharma shares advanced [...]
28.89 Cr loans worth ₹ 17.77 Lakh Cr extended under Pradhan Mantri Mudra Yojana in the last 5 FY’s

28.89 Cr loans worth ₹ 17.77 Lakh Cr extended under Pradhan Mantri Mudra Yojana in the last 5 FY’s

As per data uploaded by Member Lending Institutions (MLIs) on the Mudra portal, over 28.89 crore loans involving a total sanctioned amount worth Rs. 17.77 lakh crore have been extended under Pradhan Mantri Mudra Yojana (PMMY) in the last five financial years, i.e., 01.04.2018 to 31.03.2023. This was a written answer given by the Union [...]
Defence stock jumps 4% after it incorporates new subsidiary company; Check the details

Defence stock jumps 4% after it incorporates new subsidiary company; Check the details

Defence and Space engineering stock with clients such as HAL, BEL, DRDO and many more domestic and international clients jumped 4 percent, following the incorporation of a new subsidiary for manufacturing a material used in the Aviation, Defence & Space industries.  At 1:40 p.m. the shares of Paras Defence and Space Technologies Limited were trading [...]
Small cap stock hits 10% upper circuit after it receives order worth ₹ 545 Cr for smart meters

Small cap stock hits 10% upper circuit after it receives order worth ₹ 545 Cr for smart meters

Shares of this electrical equipment manufacturing company clocked 10 percent upper circuit after receiving an order worth Rs. 545 crores from various customers. The shares have delivered a multi-bagger return of 118 percent to its shareholders in just 6 months.  With a market capitalization of Rs. 1,419 crores, the shares of HPL Electric and Power [...]
Why is KPIT Technologies stock up by 5%? Here’s everything you need to know

Why is KPIT Technologies stock up by 5%? Here’s everything you need to know

The shares of this IT company gained up to 5 percent after the company introduced sodium-ion battery technology for Electric Vehicles.  KPIT is a multinational technology company that offers software solutions that will accelerate the transition of mobility into a clean, smart, autonomous, and connected future.  With a market capitalization of Rs 40,279.95 Crores. KPIT [...]
Market hits day’s low, Nifty below 20,800

Market hits day’s low, Nifty below 20,800

The frontline indices dropped  further in early afternoon trade and moreover hit a fresh intraday low. The NIFTY dropped to the 20,800 level after hitting the day’s high of 20,396 in early trade. Oil and gas shares are still in losses for the fourth straight session. At 12:30 IST, the barometer index, the S&P BSE [...]
Bank stock in green after SBI Mutual Funds bought 1.2 Cr equity shares in the company 

Bank stock in green after SBI Mutual Funds bought 1.2 Cr equity shares in the company 

Shares of this banking company jumped around 1 percent after the well-known mutual fund house purchased 1.2 crore equity shares in the company. The shares have delivered more than 50 percent returns to its shareholders on a YTD basis.  With a market capitalisation of Rs.13,356 crores, the shares of Karur Vysya Bank Ltd started Wednesday’s [...]