The National Company Law Tribunal (NCLT) on Thursday approved the amalgamation of the country's top two multiplex chains -- PVR Limited and INOX Leisure. The Mumbai bench of NCLT has cleared the scheme of amalgamation between INOX Leisure (transferor) and PVR (transferee company), PVR said in a regulatory filing. "NCLT, Mumbai Bench, has allowed the [...]
Global brokerage and research firm Jefferies had initiated coverage on power stocks in India. It highlighted that restrictions and increased duties on module imports and module price volatility are impacting the sector’s growth. In addition, it believes that State Electricity Boards (SEBs) are taking their time to sign new power purchase agreements (PPAs). Some of [...]
One of India’s largest apparel export company Gokaldas Exports Limited (GEL) is a multibagger stock in which two brokerages see an upside of up to 60%. The company designs, manufactures and sells a wide range of garments for men, women and children. It caters to the needs of leading international fashion brands and retailers. Despite [...]
The ‘Big Whale’ of the Indian stock market, Ashish Kacholia, continues buying stocks and adding to his portfolio which is worth more than Rs. 1,909.1 Crores. The investor recently bought a stake in Agarwal Industrial Corporation. As per the latest filing for the December quarter, the ace investor bought additional 2,00,000 shares, or 1.25% stake [...]
Rail Vikas Nigam Limited (RVNL), a Mini-Ratna CPSE gained 4 percent in the early hours to trade at Rs 74.85 levels. The shares edged higher after the company bagged projects worth Rs 1,134.1 Crore. RVNL received a letter of approval (LoA) on January 10th, 2023, for constructing an elevated viaduct (approximate length of 10 kilometers), [...]
5Paisa Capital Limited saw its share price jump by more than 7 percent in the early hours of Thursday. The shares rallied after the company reported a multifold jump in its net profits in the December quarter. The total revenue of 5Paisa Capital Limited stood at Rs 83.76 crore in Q3FY23 which increased by 5 [...]
Telecom Operator Vodafone Idea recently sought emergency funds of at least ₹ 7,000 crores from local banks, according to reports. It approached the State Bank of India, Punjab National Bank, HDFC Bank and IDFC First Bank amongst others. However, lenders could wait for capital infusion by its promoters— India’s Aditya Birla Group and UK’s Vodafone [...]
Dolly Khanna is a Chennai-based investor who is known for picking lesser-known stocks that went on to outperform the market. She has been investing since 1996 and her husband Rajiv Khanna manages her portfolio, which typically leans towards stocks in the textile, manufacturing, chemicals and sugar industries. She publicly holds 18 stocks with a net [...]
The shares of Sky Gold Limited gained as much as 14 percent on NSE to reach a new 52-week high of Rs 311.65. The stock has been rallying after it got listing approval to get listed on the mainboard exchanges. On January 5th, 2023, the company got listing approval in regard to Migration from the [...]
The shares of Goldiam International shot up 10.45% in the past two days after ace investor Ashish Kacholia increased a stake in the company. Its shares reached an intraday high of ₹ 146.25 and were trading at ₹ 139.95 apiece at 01:32 PM on Wednesday. Goldiam International manufactures and exports gold and diamond jewellery to [...]
