NDTV has offered billionaire Gautam Adani's group two seats on its board of directors for the pre-open offer 29.18 per cent shareholding the ports-to-energy conglomerate had acquired in the broadcaster, according to a stock exchange filing. The Adani group acquired a 29.18 per cent stake in NDTV by buying a company backed by the television [...]
Banking stocks are already on an uptrend. However, they gained momentum after the RBI hiked the repo rate by 35 basis points on Wednesday. Both private banks, as well as PSUs, were big winners. The Nifty Bank gained an impressive 19.80% on a year-to-date basis (YTD), while the nifty PSU Bank index gained a massive [...]
The shares of HCL Technologies tumbled 7.24 per cent to reach an intraday low of ₹ 1021.60 apiece on the National Stock Exchange (NSE) on Friday. This happened following the news that the company had reduced its revenue growth guidance. The company said during a US analyst meeting held on December 08, 2022, that its [...]
Small-cap firm Quint Digital Media Ltd (QDML) operates in consumer discretionary goods and services (CDGS). The company is listed on the Bombay Stock Exchange (BSE) and is the operator of ‘The Quint’. The company in an exchange filing informed that its board of directors have approved an issue of equity shares by way of a [...]
Jefferies recently gave 19 stock ideas for December. It is bullish on the shares of Tata motors. Jefferies said that it likes Tata Motors based on the cyclical recovery and improving franchise in India, early leadership in India EVs, and JLR's focus on returning to higher margin Land Rover models. It noted that Indian truck [...]
The shares of Narmada Gelatines Ltd were in focus on Thursday after the company declared a special dividend. Its shares were trading at ₹ 292 levels on Wednesday and were locked at ₹ 385.00 on Thursday, indicating an increase of 31.85%. After the announcement, they gained a whopping 20% and hit the upper circuit limit. [...]
Commercial services company Sarthak Industries Ltd has announced a bonus issue in the ratio of 1:3. Its shares closed at ₹ 176.55 apiece on Wednesday on the Bombay Stock Exchange (BSE). It has given multibagger returns of 2867.23% in the past five years. Sarthak Industries Ltd is a small-cap company that manufactures and repairs LPG [...]
Dynacons Systems & Solutions has won a contract from the Union Bank of India for creating and implementing private cloud solutions for the bank. The project is worth Rs 116 crore and will last for a period of 5 years. The bank has placed an order for the supply, installation, configuration, implementation, and maintenance of [...]
Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotives of 9000 HP (horsepower) worth over ₹20,000 crores at Dahod in Gujarat. Its share price surged 6.67% to reach an intraday high of 2948.00 apiece on the National Stock Exchange (NSE). PTI reported that the estimated cost of [...]
The shares of Larsen & Toubro Limited opened at Rs 2,097 and gained more than 2 per cent to reach a 52-week high of Rs 2,144 in the early hours of Wednesday. In the past month, the shares have gained 5 per cent. The stocks of the construction giant gained after they announced that their [...]
