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NBFC stocks crashes by up to 10% after RBI announces comprehensive norms on gold loans

NBFC stocks crashes by up to 10% after RBI announces comprehensive norms on gold loans

On the Wednesday trading session, the gold loan sector saw a significant drop in stock prices following the Reserve Bank of India's (RBI) announcement of tighter regulations for Non-Banking Financial Companies (NBFCs) offering gold loans.  What Happened  The Reserve Bank of India announced it will issue comprehensive regulations on prudential norms for gold loans. The [...]
Infra stock under ₹15 skyrockets 13% after securing order worth ₹323 Cr from NHAI

Infra stock under ₹15 skyrockets 13% after securing order worth ₹323 Cr from NHAI

During Wednesday’s trading session, the shares of a company in the business of infrastructure development and solar power generation moved up by around 13.2 percent on BSE, after securing an order worth Rs. 323.8 crores from the National Highways Authority of India (NHAI). Price Movement: With a market capitalisation of Rs. 338.3 crores, at 02:09 [...]
Why did Infosys, Tech Mahindra and 6 other IT stocks crashes by 5% today? Check the reason

Why did Infosys, Tech Mahindra and 6 other IT stocks crashes by 5% today? Check the reason

The global brokerage firm Jefferies has lowered its earnings per share (EPS) projections for Indian IT firms, with reductions ranging from 2 percent to 14 percent. Jefferies noted that unless there is a significant improvement in the US GDP growth outlook, a re-rating of IT sector stocks appears unlikely. The firm prefers companies with more [...]
Stock under ₹10 jumps after 21.85 Lakh shares change hands via bulk deal

Stock under ₹10 jumps after 21.85 Lakh shares change hands via bulk deal

The shares of penny stock specializing in providing end-to-end cash and digital payment, including ATM/CRM outsourcing, cash management, and digital payment services solutions, are in focus upon a Bulk Deal Involving approximately Rs. 1.50 Crores Price action With a market capitalization of Rs. 86.46 crores on Wednesday, the shares of AGS Transact Technologies Ltd jumped [...]
Penny stock jumps 3% after signing ₹500 Cr MoU from Govt. of Assam to set up Global Media Hub

Penny stock jumps 3% after signing ₹500 Cr MoU from Govt. of Assam to set up Global Media Hub

A low-priced penny stock trading under Rs.10 engaged in providing television content and Internet-based programs, grabbed investor attention after it signed a massive Rs.500 crore Memorandum of Understanding (MoU) with the Government of Assam. The deal value is nearly three times the company’s current market capitalization, triggering a 3 percent rally in its share price. [...]
Large cap stocks under ₹200 trading at a discount of up to 44% to add to your watchlist

Large cap stocks under ₹200 trading at a discount of up to 44% to add to your watchlist

Large-cap stocks are generally considered safe for several reasons. They offer stability and resilience due to their robust financial infrastructure, which helps them weather economic downturns more effectively than mid-cap or small-cap companies. This stability reduces the likelihood of bankruptcy during difficult economic times, as they have a strong market position and solid financial performance.  [...]
Navaratna stock jumps 6% after signing ₹1.5 Lakh Cr MoU with CM Devendra Fadnavis for infra project

Navaratna stock jumps 6% after signing ₹1.5 Lakh Cr MoU with CM Devendra Fadnavis for infra project

A Navaratna public sector company saw its stock rise by 6 percent after signing a Memorandum of Understanding (MoU) with Maharashtra Chief Minister Devendra Fadnavis. The MoU involves funding a massive infrastructure project in Mumbai worth Rs.1.5 trillion, aimed at boosting urban development and connectivity in the region. Price Action  During Tuesday’s trading session, shares [...]
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