The share price of one of India’s leading warship builders gained 4.5 percent to an intraday high of Rs 2,176.85 per share after the company received an overseas order worth USD 42 million. At 11:51 a.m., Mazagon Dock Shipbuilders Ltd(MDSL) shares were trading at Rs 2,145.95 per share, up 3.10 percent from the previous close [...]
The shares of a Leading white oil supplier which has a 26.5 percent market share with well-known clients such as HUL, Patanjali, Marico, and many more, slumped 6 percent after it declared its Q2FY24 results. At 10:50 a.m the shares of Gandhar Oil Refinery (India) Limited were trading at Rs. 292.75, down 5.47 percent from [...]
Shares of this defence stock under the ‘large-cap’ category fell up to 10 percent in Monday’s trading session after the company informed about an explosion that took place in its factory that is based in Nagpur, Maharashtra. With a market capitalization of Rs 61,316.06 crores, the stocks of Solar Industries India Limited started their trading [...]
On Monday, the micro-cap stock hit its upper circuit of 5 percent of Rs 184.40 from its previous close of Rs 175.65, after the company received an order from Modern Coach Factory (MCF), Indian Railways. According to the filling of Oriental Rail Infrastructure Ltd, the company has received an order worth 12.14 crore from Modern [...]
PSUs, or public sector undertakings, are inextricably linked to the country's core sectors and have successfully built the country's industrial base. The majority of these businesses are owned by the Indian government. Ircon International Ltd: Ircon International Limited (IRCON) began as a railway construction company in 1976 and has gradually diversified as an integrated engineering [...]
The Defence Ministry has approved a proposal to purchase approximately 6,400 rockets for Pinaka multi-barrel rocket launcher systems worth Rs 2,800 crore to strengthen the Indian army's firepower. The Pinaka Multi-Barrel Rocket Launcher (MBRL) is a multiple rocket launcher produced in India and developed for the Indian Army by the Defence Research and Development Organisation [...]
Public Sector Undertakings (PSU) or Central Public Sector Enterprises (CPSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state/central governments. Here are the 3 multi-bagger Public Sector Enterprises with a return on equity(ROE) of up to 63.33 percent REC REC Limited is [...]
The benchmark Nifty 50 index crossed beyond the 21,000 mark in 61 trading sessions from when it first scaled the 20,000 mark on September 11, 2023. The achievement of this milestone is a testament to the strong performance of the Indian economy, with key economic indicators such as GDP and corporate earnings showing positive growth. [...]
The shares of India's leading player in the defense electronics sector gained 3.75 percent to a 52-week high price of Rs 170.15 per share on Friday after UBS revised a target price on the stock with a 21 percent upside. At 3:05 p.m., On Friday, Bharat Electronics Ltd shares were trading at Rs 168.85, up [...]
The largest rail network in Asia and the second largest in the world run by a single government is Indian Railways. Every day, the railway transports 3 million tons of freight through more than 7,421 cargo trains. The Indian Railways has lined up a plan to purchase new trains worth Rs 1 lakh crore over [...]
