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Auto ancillary stock hits 5% upper circuit after it’s board approves proposal of share buy-back worth ₹ 3.60 Cr

Auto ancillary stock hits 5% upper circuit after it’s board approves proposal of share buy-back worth ₹ 3.60 Cr

The shares of this leading manufacturer of precision sheet metal gained up to 5 percent after the company’s board approved the proposal of buy-back of up to 6,00,000 fully paid-up equity shares of face value of Rs 10 each.  With a market capitalization of Rs 70.44 Crores. SM Auto Stamping Ltd, On Tuesday, The shares [...]
Relaxo Footwears stock trades flat after it acquires 30-acre land for future manufacturing facilities

Relaxo Footwears stock trades flat after it acquires 30-acre land for future manufacturing facilities

The midcap stock rose 0.5 percent to its intraday high of Rs 921.30 from its previous close of Rs 916.55 on Tuesday after the company announced the acquisition of 30-acre land for future manufacturing facilities  According to Relaxo Footwear's filing, the company was declared the successful bidder in an e-auction for a 30-acre land parcel [...]
Stock jumps 7.4% after it receives a contract from the High Commission of India in Canada 

Stock jumps 7.4% after it receives a contract from the High Commission of India in Canada 

Small-cap stock that has a dominant position in providing visa-related services and consular services to governments, clients, and others all over the world jumped 7 percent in the day’s trade after it won a contract from the High Commission of India in Canada for outsourcing its services.  At 12:14 p.m. the shares of BLS International [...]
US Market gains on third consecutive day

US Market gains on third consecutive day

The US stock market finished higher on Monday, 11 December 2023, maintaining a third-day streak of gain. There was a general optimism in the US market regarding the interest rate. The most prominent gainers in that day were consumer staples, industrial, materials, and financial sectors. Nonetheless, the market gain was kept within bounds as the [...]