Shares of this midcap company jumped around 2 percent in Thursday’s trading session after receiving final approval from USFDA. The shares have delivered around 70 percent to its shareholders in one year. With a market capitalization of Rs. 18,616 crores, the shares of Alembic Pharmaceuticals Ltd started Thursday’s trading session on a higher note at [...]
The shares of the information technology (IT) solutions provider gained up to 9 percent after the company’s net profit and revenue increased by 599 percent YoY and 9 percent QoQ, respectively in the fourth quarter. With a market capitalization of Rs 363.58 crore, the shares of Trigyn Technologies Ltd were trading at Rs 118.10 per [...]
Share price of India’s largest domestic steel producer moved down by 5 percent on BSE to hit an intraday low at Rs. 165.5 in the trading session of Thursday, after reporting FY24 financial results with a fall in net profit of 64.6 percent YoY. With a market capitalisation of Rs. 2.07 lakh crore, at 01:05 [...]
The shares of a leading power and generation and supply company hit a low of Rs 131.50 per share, and the stock fell by 5.8 percent compared to a previous closing price of Rs 139.65 per share after the company reported a net profit decline of 32.9 percent in FY23-24. At 12:30 p.m., On Thursday’s [...]
Defence stock engaged in providing technology-based solutions to the aerospace, defence, automotive, telecommunications, semiconductor, and power distribution industries hit a 5 percent upper circuit upon receiving a work order from DRDO worth Rs. 40.52 Crores. With a market capitalization of Rs. 778 Crores, the shares of Trident Techlabs Limited hit a 5 percent upper circuit [...]
Railway stock engaged in manufacturing metal fabrication, railway wagons, wagon components, castings, and many more jumped 4 percent in the day’s trade upon receiving ARAI approval to manufacture Battery Operated Light Commercial Vehicles. With a market capitalization of Rs. 24,020 Crores, the shares of Jupiter Wagons Limited were trading at Rs. 583.15 per equity share, [...]
The company that is engaged in the business of designing, developing, and maintaining wireless and satellite communication products gained nearly 10.4 percent on thursday after it received an order worth ₹109 crore from Ministry of Defence. Avantel Limited is a Small cap company with a market capitalization of ₹3,001 crore. At 11:00 a.m., the company [...]
India has been emerging as a superpower, particularly in terms of its economy, with the defence sector playing a crucial role in fostering its advancement. India's defence sector has attracted attention for its record-breaking exports, totaling Rs 21,083 crores in the 2023-2024 fiscal year. This marks a notable 32.5% increase from the previous year, showcasing [...]
PSU stocks have surged significantly in the past year, exemplified by the Nifty PSU index almost doubling and the Nifty PSU Bank index climbing over 80%. Various factors such as attractive valuations, improving fundamentals, government support, and investor sentiment have propelled these stocks to new highs. Over time, the government has prioritized unlocking the value [...]
A company is said to be ‘financially strong’ when it portrays a specific set of characteristics such as strong and consistent financial performance, low leverage ratios, and good management. Listed below are some of the fundamentally strong stocks that are currently trading at a discount of up to 30.2 percent compared to their 52-week high [...]
