The Indian stock market experienced significant volatility in the days leading up to and following the 2024 Lok Sabha election results. As the vote counting proceeded on June 4th, the market initially took a sharp downturn, with the Sensex and Nifty indices falling sharply and witnessing intense selling pressure. However, as the final results emerged [...]
Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DII) increasing their holding stake in certain companies indicate a positive outlook on the company's performance, management, and prospects, thereby leading to speculation of expected future growth and upcoming changes in the company. Listed below are some of the stocks in which FII and DII have increased [...]
Private banks in India are financial institutions owned by private shareholders rather than the government. These banks are essential to the Indian banking sector, offering a wide range of financial services to individuals and businesses. In contrast, public sector undertaking (PSU) banks are primarily owned and operated by the central or state government. The government [...]
A bonus issue is a corporate action where a company issues additional shares to its existing shareholders for free, in proportion to their current holdings. Companies do this to enhance share liquidity and affordability by increasing the number of shares available and lowering the market price per share. This allows small investors to participate more [...]
The share price of this micro-cap medical trading firm surged by 7 percent to an intraday high of Rs 152.20 per share after it acquired a domestic company. With a market capitalization of Rs 262 crores, the shares of QMS Medical Allied Services Ltd surged 7 percent and closed at Rs 147 per share as [...]
The share price of this recently listed IT firm engaged in providing vulnerability management hit a 5 percent upper circuit to an intraday high of Rs 551.5 per share on Friday after the firm added over 500 clients to its customer base. With a market capitalization of Rs 577.95 crores, the shares of TAC Infosec [...]
India is anticipated to experience a significant increase in power demand, driven mainly by the expanding real estate and transport sectors alongside economic and population growth. The Central Electricity Authority (CEA) projects that India's power needs will rise to 817 GW by 2030. In response to this growing demand, the Indian government has set a [...]
Penny stock engaged in the business of manufacturing, marketing, and trading in Edible and non-edible Oils, Seeds, and their derivatives jumped 11 percent in the day’s trade following the decision to produce Cold Press Pharma Grade Castor Oil. Price Action With a market capitalization of Rs. 440 Crores, the shares of Mangalam Global Enterprise Limited [...]
The shares of the leading battery manufacturer gained 19.5% to ₹1,970 per share after ace investor Dolly Khanna bought a fresh stake in the company in the June quarter. At 2:40 p.m., NILE Ltd shares were trading at ₹1,918.90 per share, up 16.45 percent from the previous close price on the exchange. The company has [...]
Penny which is one of the leading IT Solutions providers specializing in facilitating digital transformation through Digitalization, Modernization, Cloudification, Automation, and Intelligence jumped 16 percent in the day’s trade upon receiving a work order worth Rs. 25.65 Crores. Price Action With a market capitalization of Rs. 356 Crores, the shares of Canary’s Automations Limited were [...]
