This Solar stock deals in the business of developing, building, owning, managing, and maintaining renewable power facilities including solar and wind-solar hybrid power projects as an Independent Power Producer and as a service provider to Captive Power Producers, surged 4 percent after the company's subsidiary received a 14.9MW order from multiple clients. Share Price Movement [...]
The shares of the Defence shipbuilding company focused on constructing warships for the Indian Navy and Coast Guard, jumped upto 6 percent upon signing MoU with PWD (R&B), Nagaland Price action With a market capitalization of Rs. 19,461.24 crores on Thursday, the shares of Garden Reach Shipbuilders & Engineers Limited jumped upto 6.3 percent making [...]
Adani Enterprises recently announced its entry into the cables and wires industry through a joint venture with Praneetha Ventures. The new company, Praneetha Ecocables Limited (PEL), was formed with Adani’s wholly owned subsidiary, Kutch Copper Limited (KCL), holding 50 percent of the equity in the venture. The company will focus on manufacturing, marketing, and distributing [...]
The IT index jumped nearly 2 percent on Thursday reacting to the US Federal Reserve’s decision to keep interest rates steady at 4.25 - 4.50 percent. Indian IT firms generate a significant portion of their revenue from US-based clients. With stable interest rates and anticipated rate cuts later this year, investor confidence in the sector [...]
This small-cap defence stock engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions, jumped 10 percent after securing an order worth Rs. 142.31 crores from the Ministry of Defence, Government of India. Stock Price Movement: With a market capitalization of Rs. 4,040.25 crores, the share [...]
The shares of one of the leading renewable energy company, specializing in the development and installation of solar power systems, jumped upto 6 percent upon receiving a Letter of Intent (LOI) under the PM KUSUM scheme for a Total capacity of 38.43MW. Price action With a market capitalization of Rs. 6,129.94 crores on Thursday, the [...]
The PEG ratio is a valuation metric used to assess whether a stock is reasonably priced by factoring in both its price-to-earnings (P/E) ratio and anticipated earnings growth. It is calculated by dividing the price-to-earnings ratio by the expected earnings growth rate. Thus, a stock is likely undervalued if it has a low PEG ratio. [...]
In the past week, several promoters have taken advantage of the market downturn by increasing their stake in their respective companies. This strategy signals confidence in the long-term growth potential of their businesses, as promoters often believe that the stock is undervalued during market corrections. These share purchases are closely watched by investors, as they [...]
The Indian restaurant industry is projected to reach $95.75 billion by 2025, growing at a CAGR of 10.3 percent. The sector, with over 5,00,000 restaurants, is expected to create 15.3 million jobs. Online food services will double to $13 billion, reflecting changing consumer preferences and increased discretionary spending. With a market capitalization of Rs. 18,642.85 [...]
Breakout stocks refer to shares of companies that experience a significant price movement after breaking through key technical resistance levels, signaling a potential shift in trend. These stocks often attract investor attention as they break out of consolidation phases, indicating strong bullish momentum. Typically, a breakout occurs when a stock surpasses a previous high or [...]
