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Midcap stock in green after company to infuse ₹ 49 Cr in it’s subsidiary to repay debt
This S&P BSE 500 company announced that it is infusing Rs. 49 crore into a subsidiary to repay debt and for expansions. The stock is trading flat on Wednesday at Rs. 896.50 versus Rs. 896.95 at closing on Tuesday. The stock has been on an uptrend since mid July 2022, rising around 85% since. The [...]
Healthcare stock jumps up to 4.5% after Private equity firm to offload 60% stake in the company
The shares of one of the leading healthcare stocks rose 4 percent after a private equity and investment firm made an announcement related to the company. At 11 a.m the shares of Healthcare Global Enterprises was trading green at a share price of Rs 358 up by 4 percent from its previous close price and [...]
Large cap stock with high dividend yield falls 6% after Moody’s downgrades the company’s rating
On Wednesday, the largest mining ore company's shares fell 6 percent to a 52-week low of Rs 210 per share after Moody's Investor Service downgraded the company's rating from Caa1 to Caa2. At 12:48 p.m., Vedanta Ltd shares were trading at Rs 210.80 a share, a decline of Rs 13.25 or 5.92 percent on the [...]
Smallcap stock jumps 11% after DSP Mutual Fund buys 24 Lakh shares from Promoters; Check the details
Shares of this engineering stock under the ‘small-cap’ category rose around 11 percent in Wednesday's trading session after DSP Mutual Fund bought 24 lakh shares from the Promoters of the company. With a market capitalization of Rs 3,666 crores, the stocks of HLE Glascoat Limited started their trading session on Wednesday at Rs 553 and [...]
Defence stock to turn 1:2 ex-split this week on Friday; Check the details here
The shares of this PSU defence stock opened marginally lower today by 0.5 percent, the board has approved stock split in proportion of 1:2. Shares of Hindustan Aeronautics Ltd have delivered returns of 46.61 percent in the last 6 months and 68.88 percent in a year. At 11:00 shares of Hindustan aeronautics Ltd were trading [...]
Real Estate stock in green after company makes ₹ 300 Cr sales in just 3 days; Check the details
This S&P BSE Smallcap Stock jumped 2% in the last hour after the company announced Rs. 300 crore in Sales made in just 3 days. This stock has a market cap of Rs. 1,618 crore and is trading at Rs. 357.00 versus Rs. 354.45 at closing on Tuesday. The stock trades 14.9% away from its [...]
Stock to Buy: Fundamentally strong Auto stock to BUY now for an upside of more than 20%
The shares of the leading manufacturer of commercial vehicles gained traction this week after Jefferies raised its 'buy' recommendation to an upside of 20 percent based on Wednesday’s trading price of Rs 3,450. At 10:52 a.m., on the National Stock Exchange, Eicher Motors Ltd shares were trading at Rs 3,450, down Rs 21.45 or 0.62 [...]
Recently Listed stock jumps 3% after company commissions new manufacturing facility
This S&P BSE Smallcap stock has risen over 2.7% today after it announced the inauguration of a new facility at Nashik. The stock has a market cap of Rs. 3,966 crore and was listed in late April 2023. The stock saw volumes that are over 1.25x the weekly average and is trading 0.3% above its [...]
2 Fundamentally strong stocks at a discount of up to 25% to add to your watchlist
A company of a ‘fundamentally strong’ nature exhibits a specific set of characteristics including strong as well as consistent financial numbers, lower leverage ratios, etc. Listed below are two such fundamentally strong stocks in different sectors that are at a discount of up to 25 percent from their respective 52-week high level: Sumitomo Chemical India [...]
Newly Listed stock jumps 5% after company receives an order worth ₹ 634 Cr from Madhya Pradesh Govt
This stock was listed on September 5th 2023 and rose 47% in its debut. The stock is also included in the S&P BSE IPOindex. On Monday, the company announced receipts of a huge order that is 27% of its market cap of Rs. 2307 crore. The stock trades currently at Rs. 184.15 versus Rs. 176.44 [...]
News Alert
Importance of Using an EMI Calculator in Getting a Personal Loan
When looking for quick financing options, personal loans often come into our minds due to its unsecured nature, no end use restriction and quicker disbursals. While these loans are easy to avail, their applicants need to factor in their EMI affordability and the optimum loan tenure before making the loan application. The best way to [...]
The Rise Of Online Casinos In India: A Look At The Latest Trends
In recent years, there has been a dramatic surge in the number of Indian players partaking in online casino games thanks to the simplicity with which they may reach these venues thanks to the proliferation of the internet and mobile devices. Indian players may choose from a wide variety of games that are specifically designed [...]
Analysts remain bullish on this multibagger beverage stock with an upside potential of 24%
Varun Beverages Ltd. (VBL) is one of the largest franchisees of PepsiCo globally. It is valued at Rs 85,000 crore and is involved in the production and distribution of a broad range of carbonated soft drinks, non-carbonated soft drinks, and packaged drinking water. Pepsi, Mirinda, Mountain Dew, and Tropicana Juices are some of the top [...]
IPO Alert
Senco Gold IPO subscribed 2.68 times on Day 2 of subscription
The Initial Public Offer (IPO) of jewellery retail player Senco Gold was subscribed 2.68 times on the second day of subscription on Wednesday. The Rs 405 crore-IPO received bids for 2,52,28,190 shares against 94,18,603 shares on offer, as per an update on the NSE. The portion for Retail Individual Investors (RIIs) received 3.67 times subscription, [...]
Senco IPO price band at Rs 301-317 per share
Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors [...]
Avalon Technologies shares make muted market debut; open 1% lower
Shares of Avalon Technologies made a muted market debut on Tuesday, listing with a discount of over 1 per cent on the BSE, against the issue price of Rs 436. The stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 [...]
Avalon Technologies’ IPO gets subscribed 9% on second day of offer
Avalon Technologies' initial share sale received a lukewarm response from investors, with the offer getting subscribed 9 per cent on the second day of subscription on Wednesday. The Initial Public Offering (IPO) received bids for 10.77 lakh equity shares against 1.14 crore shares on offer, according to the data available with the National Stock Exchange [...]
Global Surfaces shares debut on exchanges with over 17% premium
Shares of Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, made a smart debut on the exchanges on Thursday, listing with a premium of over 17 per cent against the issue price of Rs 140. The stock made its debut at Rs 163, higher by 16.42 per cent from the [...]
Udayshivakumar Infra IPO subscribed 5.15 times on Day 3
The initial share sale of Udayshivakumar Infra was subscribed 5.15 times on the third day of subscription on Wednesday. The offer received bids for 10,29,54,972 shares against 2 crore shares on offer, according to data available with the NSE. The quota for non-institutional investors was subscribed 8.47 times, while the category for Retail Individual Investors [...]
Top Editor’s Pick
Fundamentally strong EV stock under ₹ 300 with low debt to add to your watchlist
A company is said to be ‘fundamentally strong’ when it portrays a certain set of characteristics such as strong and consistent financial performance, lower leverage ratios, etc. Listed below is one such fundamentally strong stock under Rs 300 that one should add to their watchlist: HBL Power Systems Limited With a market capitalization of Rs [...]
Nikhil Kamath of Zerodha warns retail investors of this risk in the Indian Stock Market in 2023
Zerodha Broking is India's largest stockbroker and is credited with pioneering the discount broking strategy in the country since it was established in 2010 by Nithin and Nikhil Kamath. Zerodha is India's most technologically sophisticated stock broker, which offers a diverse variety of financial solutions to equities market participants. Nikhil Kamath of Zerodha highlighted concerns [...]
Smallcap stock jumps after it announces entry into Lithium Ion Storage Cell Industry; Check the target
This S&P BSE 500 stock jumped 3% on Monday after it said in a press release that it is entering the Lithium Ion Storage Cell Industry. The stock has a market capitalization of Rs. 11,267 crore and saw volumes that were 2x the previous session and last week's average. The stock closed at Rs. 441.70, [...]
₹ 36.75 To ₹ 1,434: Multibagger stock turns ₹ 1 Lakh to ₹ 39.02 Lakhs in just 3 years
Many investors believe that staying invested in a company for a long period of time helps one receive massive returns. While this statement is quite true for many stocks, there are a few stocks that have delivered massive returns after the Covid-19 crash. Shilchar Technologies was trading at ₹ 36.75 apiece during the beginning of [...]
Fundamentally strong Chemical stock that is trading at a discount of 30% to keep an eye on
A stock is said to be ‘fundamentally strong’ when it portrays a specific set of characteristics such as consistent and improving financials, favourable leverage ratios, etc. Listed below is one such fundamentally strong stock that is trading at a discount of up to 30 percent from its 52-week high level: Anupam Rasayan India Limited With [...]
Power stock gets a buy call by Jefferies for an upside of more than 20%; Are you holding it?
Stocks of this power stock under the ‘large-cap’ category are trading in the green after a well-known brokerage gave a Buy recommendation on the company’s stock with an upside of more than 20 percent. JSW Energy Limited With a market capitalization of Rs 66,946.52 crores, the stocks of JSW Energy Limited are currently trading at [...]
Latest Market News
Stock with high FII holding jumps in early trade after it acquires Dutch firm for EUR 12 Million
This company announced an acquisition of a Netherlands Based Firm in a filing dated 26th September 2023. The stock is trading at Rs. 441.10 versus Rs. 447.75 at closing on Tuesday. The company has a market cap of Rs. 7,292 crore and is included in the S&P BSE 500 index. The stock trades 6% away [...]
NBFC stock jumps 5.6% after Kerala High Court quashed the FIR against the company CEO
The shares of one of India's leading gold loan NBFC firm gained 5.6 percent to Rs 148.20 on Monday after the Kerala High Court quashed the FIR against the company’s Managing Director and CEO VP Nandakumar in a money laundering case. At 3:25 p.m., Manappuram Finance Ltd shares were trading at a price of Rs [...]
Multibagger Green Energy stock falls up to 3.5% after Investor Group terminates agreement with the company
Shares of this multibagger green energy stock fell up to 3.50 percent on Wednesday after the investor group terminated the shareholder agreement with the company formerly signed eight years back. With a market capitalization of Rs 34,775.63 crores, the stocks of Suzlon Energy Limited closed at Rs 25.62 in Wednesday’s trading session. The company’s scrip [...]
Small cap stock jumps up to 6% after it received approval for its residential project in Mumbai
The shares of the leading construction company gained around 6 percent to Rs 163.80 on Monday after the company received approval for its Luxurious Residential Project in Mumbai. At 3:08 p.m., Man Infraconstruction Ltd shares were trading at a price of Rs 158.40 a share, up Rs 4.20 or 2.72 percent on the National Stock [...]
Penny stock jumps up to 4.6% after it received a contract from Ujjivan Small Finance Bank for 5 yrs
The shares of this information technologies company rose 3 percent after it received a contract for end user support service from a small finance bank. At 9:30 a.m the shares of 3I Infotech were trading green at a share price of Rs 42.30 up by 3 percent from its previous day close and the market [...]
Small cap stock in green after company onboards 17 new customers including a fortune 500 client
The shares of this midcap stock gained almost 2.5 percent to Rs. 183.10 per share on Wednesday after the company's press release that their cybersecurity business onboarded 17 prominent clients. At 01:00 shares of Black box Ltd were trading at Rs. 183.15 per share, up by 2.52 percent from previous close price. The company has [...]
Midcap stock jumps 3% after company invests in its subsidiary on a rights basis; Analyst gives a buy call
Shares of this mid-cap stock jumped 3 percent on Wednesday after the company invested in its wholly-owned subsidiary on a rights basis. In the last six months, the company’s stock has gained nearly 25 percent. With a market capitalization of Rs 46,723.64 crores, the stocks of Aditya Birla Capital Limited (ABCL) started their trading session [...]
Consumer Food stock falls 4% after GST officials visit manufacturing plant in Bengaluru; Check the details
Shares of this small-cap stock fell around 4 percent in Wednesday’s trading session after GST officials visited the manufacturing plant of the company based in Bengaluru. Keeping the short-term negative stock movements aside, the company’s stock has gained nearly 25 percent in the last six months. With a market capitalization of Rs 2,100 crores, the [...]
Midcap stock in green after company to infuse ₹ 49 Cr in it’s subsidiary to repay debt
This S&P BSE 500 company announced that it is infusing Rs. 49 crore into a subsidiary to repay debt and for expansions. The stock is trading flat on Wednesday at Rs. 896.50 versus Rs. 896.95 at closing on Tuesday. The stock has been on an uptrend since mid July 2022, rising around 85% since. The [...]
Healthcare stock jumps up to 4.5% after Private equity firm to offload 60% stake in the company
The shares of one of the leading healthcare stocks rose 4 percent after a private equity and investment firm made an announcement related to the company. At 11 a.m the shares of Healthcare Global Enterprises was trading green at a share price of Rs 358 up by 4 percent from its previous close price and [...]
Large cap stock with high dividend yield falls 6% after Moody’s downgrades the company’s rating
On Wednesday, the largest mining ore company's shares fell 6 percent to a 52-week low of Rs 210 per share after Moody's Investor Service downgraded the company's rating from Caa1 to Caa2. At 12:48 p.m., Vedanta Ltd shares were trading at Rs 210.80 a share, a decline of Rs 13.25 or 5.92 percent on the [...]
Smallcap stock jumps 11% after DSP Mutual Fund buys 24 Lakh shares from Promoters; Check the details
Shares of this engineering stock under the ‘small-cap’ category rose around 11 percent in Wednesday's trading session after DSP Mutual Fund bought 24 lakh shares from the Promoters of the company. With a market capitalization of Rs 3,666 crores, the stocks of HLE Glascoat Limited started their trading session on Wednesday at Rs 553 and [...]
Defence stock to turn 1:2 ex-split this week on Friday; Check the details here
The shares of this PSU defence stock opened marginally lower today by 0.5 percent, the board has approved stock split in proportion of 1:2. Shares of Hindustan Aeronautics Ltd have delivered returns of 46.61 percent in the last 6 months and 68.88 percent in a year. At 11:00 shares of Hindustan aeronautics Ltd were trading [...]
Stock jumps 9% after the Bombay High Court quashed the petition in favour of the company
The shares of India's sole maker of solar glass rose 9 percent to Rs 447.60 per share on Wednesday after the Bombay High Court quashed the tax order worth Rs 19.53 crore. At 11:37 a.m., Borosil Renewables shares were trading at Rs 430.40 a share, up Rs 19.35 or 4.71 percent on the National Stock [...]
Real Estate stock in green after company makes ₹ 300 Cr sales in just 3 days; Check the details
This S&P BSE Smallcap Stock jumped 2% in the last hour after the company announced Rs. 300 crore in Sales made in just 3 days. This stock has a market cap of Rs. 1,618 crore and is trading at Rs. 357.00 versus Rs. 354.45 at closing on Tuesday. The stock trades 14.9% away from its [...]
Stock to Buy: Fundamentally strong Auto stock to BUY now for an upside of more than 20%
The shares of the leading manufacturer of commercial vehicles gained traction this week after Jefferies raised its 'buy' recommendation to an upside of 20 percent based on Wednesday’s trading price of Rs 3,450. At 10:52 a.m., on the National Stock Exchange, Eicher Motors Ltd shares were trading at Rs 3,450, down Rs 21.45 or 0.62 [...]
Fundamentally strong EV stock under ₹ 300 with low debt to add to your watchlist
A company is said to be ‘fundamentally strong’ when it portrays a certain set of characteristics such as strong and consistent financial performance, lower leverage ratios, etc. Listed below is one such fundamentally strong stock under Rs 300 that one should add to their watchlist: HBL Power Systems Limited With a market capitalization of Rs [...]
Recently Listed stock jumps 3% after company commissions new manufacturing facility
This S&P BSE Smallcap stock has risen over 2.7% today after it announced the inauguration of a new facility at Nashik. The stock has a market cap of Rs. 3,966 crore and was listed in late April 2023. The stock saw volumes that are over 1.25x the weekly average and is trading 0.3% above its [...]
Nikhil Kamath of Zerodha warns retail investors of this risk in the Indian Stock Market in 2023
Zerodha Broking is India's largest stockbroker and is credited with pioneering the discount broking strategy in the country since it was established in 2010 by Nithin and Nikhil Kamath. Zerodha is India's most technologically sophisticated stock broker, which offers a diverse variety of financial solutions to equities market participants. Nikhil Kamath of Zerodha highlighted concerns [...]
2 Fundamentally strong stocks at a discount of up to 25% to add to your watchlist
A company of a ‘fundamentally strong’ nature exhibits a specific set of characteristics including strong as well as consistent financial numbers, lower leverage ratios, etc. Listed below are two such fundamentally strong stocks in different sectors that are at a discount of up to 25 percent from their respective 52-week high level: Sumitomo Chemical India [...]
Newly Listed stock jumps 5% after company receives an order worth ₹ 634 Cr from Madhya Pradesh Govt
This stock was listed on September 5th 2023 and rose 47% in its debut. The stock is also included in the S&P BSE IPOindex. On Monday, the company announced receipts of a huge order that is 27% of its market cap of Rs. 2307 crore. The stock trades currently at Rs. 184.15 versus Rs. 176.44 [...]
Pharma stock jumps 4% after company’s Board approves Merger in EGM; Check the details
This microcap stock has a market cap of Rs. 529 crore and is trading at Rs. 89.60 on Tuesday, up 4.2% from Monday’s closing price of Rs. 86.00. The company announced approval of the merger earlier today and the stock trades 27% away from its 52 week high. The company’s stock is 11% away and [...]
Multibagger stock jumps 6.3% after company to consider raising funds
The shares of this Multibagger electric equipment company were trading in green and rose more than 5 percent after the company made an announcement. On Tuesday at 1 p.m. the shares of Apar Industries were trading at a share price of Rs 5,718 up 5 percent from its previous day close price and the company [...]
Hospital stock in green after company acquires a Kolkata based realty firm
On Tuesday, 26 September shares of a healthcare company rose almost 2 percent after the company announced that they are going to acquire artistry properties. The stock has gained 30% in the last 1 year. At 11.50 am shares of Fortis healthcare Ltd were trading at Rs. 338.10 per share, up by almost 1.5 percent [...]
Rice stocks jump up to 12% after Government loosens rice export norms
On September 25, the Indian government announced that it had approved the export of 75,000 tonnes of non-basmati white rice to the UAE through NCEL. Although non-basmati white rice exports were prohibited on July 20 to increase domestic supply, exports are still permitted based on government permission given to other nations in order to meet [...]
Tata Group stock jumps 3% after Moody’s gives a rating upgrade; Check the details
Shares of this Tata Group entity under the ‘large-cap’ category jumped around 3 percent in Tuesday’s trading session after receiving a rating upgrade from ‘Moody’s Investors Service’. The company’s shares have gained more than 25 percent in the past six months. With a market capitalization of Rs 1.58 lakh crores, the stocks of Tata Steel [...]
Real Estate stock to enter into hospitality sector with investment of more than ₹ 2,300 Cr
The shares of this real-estate stock gained 2 percent on the opening of the day on Tuesday as the company entered into a share purchase agreement to acquire stake in 3 hotels. At the day’s opening, the shares of DB Realty were trading at a share price of Rs 168 up 2 percent from its [...]
Block Deal: Stock falls by 6% after 13 Lakh shares of the company changed hands
The shares of a leading transformer manufacturing company opened around 6 percent lower on Tuesday after a block deal worth Rs 603 crore took place on the bourse. At 11:55 a.m., Voltamp Transformers Ltd shares were trading at Rs 4,744.30 apiece, down 3.71 percent from the previous close price and the company has a market [...]
Stock in green after company signs MoU with the Telangana State Govt worth up to ₹ 350 Cr
Shares of this steel stock under the ‘small-cap’ category soared 2 percent in Tuesday’s trading session after entering into an MoU with the Telangana State Government for setting up a manufacturing plant in the state. The company’s scrip is inching toward its 52-week high level. With a market capitalization of Rs 10,358.08 crores, the stocks [...]
Small cap stock touches 52 week high after company’s Board to consider 3rd interim dividend
This S&P BSE Smallcap stock rose 2% within the first half hour of markets opening and made a new 52 week high after announcing that the company board is going to consider a third interim dividend for FY24. The company stock has a market cap of Rs. 5,700 crore and is trading at Rs. 153.55, [...]
Oil stock jumps up to 12.5% after board approves the merger with Promoter group company
This small-cap oil exploration and production stock rose 12.5 percent to a 52-week high price of Rs 440.90 on Tuesday’s early trade after the company’s board approved the merger of Antelopus Energy Private Limited and Selan Exploration Technology Limited. At 11:33 a.m., Selan Exploration Technology Ltd shares were trading at Rs 416.70 a share, up [...]
Penny stock hits 5% upper circuit after bagging multiple orders worth ₹ 482.37 Cr; Check the details
Shares of this penny stock hit the 5 percent upper circuit after the company received several orders worth Rs 482.37 crores. In the past six months, the company’s stock has gained more than 80 percent. With a market capitalization of Rs 268.30 crores, the stocks of RPP Infra Projects Limited started their trading session on [...]
Real Estate stock gets a buy call by brokerage for an upside of more than 20%; Do you own it?
Stock of this small cap real estate company got a buy recommendation from a well known brokerage based in India. In the past month the company’s stock has gained more than 15%. PNC Infratech At 11:00 a.m, the shares of PNC Infratech Limited were trading at Rs 376, gaining around 2 percent as compared to [...]
Smallcap stock jumps 5% after company commissions a new zinc galvanization plant in UP
This small-cap steel fabrication and infrastructure stock rose 5 percent to Rs 53.90 on Tuesday’s early trade after the company commissioned a new Zinc Galvanization Plant with an Annual Capacity of 96000 Metric Tons. At 10:40 a.m., Salasar Techno Engineering Ltd shares were trading at Rs 52.50 apiece, up 2.93 percent from the previous close [...]
Penny stock hits 5% upper circuit after Promoter buys 3.85 Lakh shares; Check the details
On Monday 25 September, shares of a real estate development company rose by almost 5% after the company’s Promoter acquired 3.85 lakh shares. Year to date, the company’s stock has gained more than 30 percent. The shares of Swadeshi polytex were trading at Rs. 41.26 per share, up 4.99 percent from previous close price of [...]
Smallcap stock jumps after it announces entry into Lithium Ion Storage Cell Industry; Check the target
This S&P BSE 500 stock jumped 3% on Monday after it said in a press release that it is entering the Lithium Ion Storage Cell Industry. The stock has a market capitalization of Rs. 11,267 crore and saw volumes that were 2x the previous session and last week's average. The stock closed at Rs. 441.70, [...]
Smallcap stock jumps 4% after it receives approval to make printed circuit board assemblies
The shares of one of the leading defense component manufacturers gained 3 percent on Monday after its subsidiary got approval to make printed circuit board assemblies. At 3:20 p.m., The shares of DCX Systems were trading at a share price of Rs 305, up 3 percent from its previous close price and the company has [...]
Mukul Agarwal stock jumps up to 13% after coal ministry to pay ₹ 417 Crore in damages
The shares of the Largest ferroalloy producer zoomed over 13 percent to a 52-week high price of Rs 443.65 on Monday after the company announced that it will receive Rs 417 crore in compensation from the coal ministry for its subsidiary Utkal Coal Ltd. At 3:25 p.m. Indian Metals & Ferro Alloys Ltd shares were [...]
Monopoly stock jumps nearly 4% after company announces special offers for World Tourism Day
The shares of Mini Ratna company soared almost 4% on Monday after the company announced special offers to mark the occasion of 24th Foundation Day and World Tourism Day. The shares of Indian Railway Catering and Tourism Corporation Ltd (IRCTC) closed at Rs 689, gaining around 4% as compared to the previous closing levels of [...]
Bank stock jumps 5% after company’s board approves to raise ₹ 1,500 Cr in equity
This S&P BSE Smallcap bank stock has a market cap of Rs. 7,940 crore and is classified under the private sector. The stock has risen 5% currently to Rs. 253.90 versus Rs. 241.70 at previous close. The stock trades 3% away from its 52 week high of Rs. 257.70 and 10%, 53% above its 20 [...]
Sugar stock jumps up to 5% after a strategic acquisition worth ₹ 235.5 Cr; Check the details
Shares of this sugar stock gained up to 5 percent after the company acquired a 100 percent stake in another company in the same industry. In the past month, the company’s stock has soared more than 20 percent. With a market capitalization of Rs 11,832.27 crores, the stocks of Shree Renuka Sugars Limited started their [...]
Stock falls 7% after Dabur’s Burmans to acquire additional 26% stake in the company at 14% discount
Shares of Religare Enterprises Ltd (“Religare’) fell 7.4% within the first 15 minutes of markets opening after the company announced Burman Group’s raise in stake by 26% at a significant discount of 14% from the previous session – Friday’s closing price on BSE. The stock currently trades at Rs. 255.75, down 6.13% as of now [...]
Real Estate stock jumps 3.5% after it sold around 670 homes worth ₹ 2,000 Cr in Noida
On Monday, the shares of one of India's largest real estate developers rose 2.5 percent to Rs 1,578.55 per share after the company sold about 670 homes worth Rs 2000 crore in its new housing project in Noida. At 1:35 p.m., Godrej Properties Ltd shares were trading at Rs 1,573.90 per share, up Rs 34.80 [...]
Multibagger stock jumps up to 9% after bagging an order worth ₹ 108 Cr from ONGC
Shares of this multibagger stock under the ‘small-cap’ category rose up to 9 percent on Monday after securing a domestic order from ONGC worth Rs 108 crores. With a market capitalization of Rs 1,712.64 crores, the stocks of Deep Industries Limited started their trading session on Monday at Rs 261.90 and currently trade at Rs [...]
Green Energy stock announces strategic acquisition; Shares jump in early trade
This S&P BSE Smallcap stock jumped 2% within the first half hour of markets opening on Monday after it announced an acquisition. The stock currently trades at Rs. 65.02 versus 65.26 at previous close. The company has a market cap of Rs. 1,910 crore and is currently trading 14% away from its 52 week high, [...]
Textile stock jumps up to 15 % after company’s board approves to raise ₹ 1,435 Cr from FII
The shares of the leading real estate developer soared 15 percent to Rs 342.80 on Monday after the company board approved a preferential share offer to a Singapore-based entity worth up to Rs 1,435 crore. At 10.25 a.m., Swan Energy Ltd shares were trading at Rs 316.35 per share, up 6 percent on NSE from [...]
Blue Chip stock jumps 5% after Board to consider a fundraise; Analyst sets target with 22% upside
Shares of this large-cap NBFC stock rose 5 percent on Monday after the company’s Board is set to meet in October first week to consider a mega fundraise. In the past six months, the company’s stock has gained nearly 40 percent. With a market capitalization of Rs 4.73 lakh crores, the stocks of Bajaj Finance [...]
Small cap stock jumps up to 4% after it acquires assets of UK-based teleshopping company
On Monday, the shares of a jewelry and gemstone manufacturer rose 4 percent to Rs 458.70 a share after the company acquired assets of UK-based teleshopping brand “Ideal World”. At 11:57 a.m., On the National Stock Exchange, Vaibhav Global Ltd. shares were trading at Rs 447.65 per share, up Rs 7.05 or 1.60 percent from [...]
Multibagger Defence stock jumps 9% after entering into an agreement with DRDO; Check the details
Shares of this multibagger small-cap stock associated with the ‘Defence’ sector jumped around 9 percent on Monday after entering into several agreements with DRDO. With a market capitalization of Rs 1,354.02 crores, the stocks of Apollo Micro Systems Limited started their trading session on Monday at Rs 56.68 and currently trade at Rs 58.37, gaining [...]
Penny stock jumps 10% after bagging an order from National Highway Authority of India
This penny stock jumped 10% within the first half hour of markets opening on Monday after it bagged an order from National Highway Authority of India. The stock currently trades at Rs. 53.65 versus 49.24 at previous close. The company has a market cap of Rs. 39 crore and is currently trading 17% away from [...]
Smallcap stock falls 18% after receiving a notice for payment of shortfall tax worth ₹ 111 Billion
Shares of this small-cap stock fell 18 percent in Monday’s trading session post a notice from the Directorate General pertaining to the payment of shortfall tax. Year-to-date, the company’s stock has fallen more than 30 percent. With a market capitalization of Rs 3,878.66 crores, the stocks of Delta Corp Limited started their trading session on [...]
Defence stock hits 5% upper circuit after it received an order worth ₹ 228 Cr from the Ministry of Defence
The shares of the largest supplier of defense training solutions touched the upper circuit percent on Monday’s early trade after the company received an order from the Ministry of Defence. At 9:45 a.m., Zen Technologies Limited shares touched a 5 percent upper circuit of Rs 756.20 on the National Stock Exchange from the previous close [...]
22 PSU stocks in which the Government holds more than 75% stake; Do you own any?
The Union government can unlock nearly Rs 1.75 lakh crore if it plans on monetizing its excess stake in these companies ranging from India’s Largest Insurance company LIC to Scooters India Ltd. The Indian government's surplus holding in LIC is worth more than Rs 86,000 crore as per the September 20 closing price. The Indian [...]
Stocks to Buy: 6 Stocks to buy now for an upside of up to 42%
On Friday, domestic benchmark indexes closed in the red. The BSE Sensex fell 221.09 points, or 0.33%, ending the week at 66,009.15. Similarly, the NSE Nifty 50 fell 68.10 points, or 0.34%, to 19,674.25. Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 42%: Raymond Ltd Raymond Ltd is [...]
Tata Group stocks with increasing Earnings Per Share to add to your watchlist
Earnings per share (EPS) refers to a company’s profit divided by the outstanding number of equity shares of its common stock. EPS is one of the most important indicators of profitability. The higher a company’s EPS is, the more profitable it is considered to be. Here are a few Tata group companies that saw a [...]
Smallcap Telecom stocks that are debt-free to keep on your radar
The telecom sector in India has grown rapidly in the last few years. With the recent launch of 5G, digital technologies have made a big impact on the country’s economy and directional growth of the said sector at the same time. As much as these companies under the telecom sector are growing, it is important [...]
Stocks to Watch: Fundamentally strong stocks that are trading at a discount of up to 26%
Fundamentally strong companies are those that have strong financials over the years, such as high-profit growth, a low debt-to-equity ratio, and consistent cash flow. Here are three Fundamentally strong stocks that are trading at up to a 20% discount from their September month high. KPIT Technologies Ltd KPIT is a global technology business that provides [...]
FMCG stocks with PE ratio less than the industry average to add to your watchlist
The P/E (Price to Earnings) ratio signifies the company's current share price to its earnings per share (EPS), which is frequently employed to define the value of a stock. Here are two FMCG stocks with P/E ratios lower than the industry average. SKM Egg Products Export (India) Ltd. SKM Egg Products Export is a small-cap [...]
Stocks with a high Piotroski Score of 9 to add to your watchlist
Piotroski Score, ranked from ‘zero’ to ‘nine’, is a discrete score based on nine different parameters such as net income, long-term debt, current ratio, gross margin, return on assets, asset turnover ratio, dilution of shares, operating cash flows in the current year, and also checks if the cash flow from operations is greater than the [...]
₹ 36.75 To ₹ 1,434: Multibagger stock turns ₹ 1 Lakh to ₹ 39.02 Lakhs in just 3 years
Many investors believe that staying invested in a company for a long period of time helps one receive massive returns. While this statement is quite true for many stocks, there are a few stocks that have delivered massive returns after the Covid-19 crash. Shilchar Technologies was trading at ₹ 36.75 apiece during the beginning of [...]
Sensex and Nifty maintain losses into the fourth session; HDFC shares weigh
On Friday equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session, as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Traders said that foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments. The 30-share BSE Sensex fell [...]
Infra expected to boost cement demand by 10-12% this fiscal year: Report
According to a report, The massive infra spending by the government towards building roads, railway lines and power, among others, will boost cement demand by 10-12 per cent this fiscal. The Centre has increased its infrastructure budget allocation for fiscal 2024 by Rs 1.6 lakh crore to Rs 5.9 lakh crore from a revised estimate [...]
Bank stock jumps 10% after entering into a co-lending partnership with NBFC for MSME Loans
Shares of this public sector bank under the ‘mid-cap’ category zoomed 10 percent on Friday after entering into a co-lending partnership with an NBFC company for MSME Loans. With a market capitalization of Rs 44,151.26 crores, the stocks of Central Bank of India closed at Rs 50.86 on Friday. The scrip witnessed an intra-day high [...]
Small cap oil stock in red after HDFC Bank sold more than 2% stake in the company
This oil stock lost nearly 2% during today’s trading session after HDFC bank divested more than 2% in the company on a spam of more than a year. Share price of HOEL closed at Rs. 1530.65 per share. It traded nearly 2% lower in the Friday market to reach its intra- day low of Rs. [...]
Stocks in Focus: 4 Stocks to keep an eye on as the festive season is approaching
The festive season is approaching and it not only brings families and communities together but also sets the stage for a surge in economic activities. Experts believe that Indian as well as global markets rally during this time of the year: Here are a few stocks that you could add to your watchlist: Vedant Fashions [...]
Defense stock jumps up to 5% after company bags an order for surveillance equipment
This S&P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore. The stock has seen 2x the average weekly and monthly average volumes on Friday and is 30%, 5% away from its 52 week [...]
Newly listed stock jumps 3% after company’s joint venture received an order worth ₹ 73 Cr
This small cap stock rose almost 3% after the company’s joint venture VPRPL-B&G JV received an order worth Rs. 73 crore from Office of Municipal Board in Rajasthan. The company is the leading partner in the said joint venture. Share price of Vishnu Prakash opened at Rs. 171.55 per share and gained up to 3% [...]
Smallcap stock jumps up to 4% after the company in JV with NCC received an order worth ₹ 3,087 Cr
On Friday this small-cap stock jumps up to 4% after the company bagged an order worth Rs. 3,087 Cr. This stock has delivered 65% returns in six months and 41% returns in one year. The stock is currently trading above the 50-day and 200-day moving averages. J Kumar Infraprojects Ltd J Kumar Infraprojects Ltd has [...]
Noida Power Company Ltd & Statiq Partner to provide EV Stations
In order to install EV charging stations at residential complexes in Greater Noida, close to the national capital, Statiq, a provider of electric vehicle (EV) charging services, and Noida Power Company Ltd. According to a statement from the company, the memorandum of understanding (MoU) represents a further consolidation of Statiq's recent efforts to take the [...]
Govt to Reduce Imports and Produce 70% of IT Hardware Locally: Minister
According to Minister of State for Electronics and IT Rajeev Chandrasekhar, the government wants to reduce reliance on imports from dubious sources by producing up to 70% of the nation's IT hardware needs domestically over the next three years. Speaking to reporters, Chandrasekhar stated that in an effort to reduce reliance on supplies from dubious [...]
Bank stock in green after an agreement to acquire 9.99% stake in a healthcare services company
Shares of this private sector Bank under the ‘large-cap’ category showed some bullish movements after entering into an agreement to acquire a stake in a healthcare services company. With a market capitalization of around Rs 6.70 lakh crores, the stocks of ICICI Bank Limited started their trading session on Friday at Rs 956.55 and currently [...]
Multibagger Renewable energy stock receives an order for installing 14 wind turbine generators
Shares of a renewable energy company recovered from its intraday low of ₹ 24.50 apiece after gaining 4 percent. Its shares were trading at ₹ 25.50 apiece at 12:04 PM on Friday. India’s largest renewable energy provider, Suzlon Energy informed the exchanges that it has secured an order from BrightNight, a global renewable power producer, [...]
PSU stock is in green after company acquires stake in Gujarat Gas; Check the details
This insurance stock was in green during Friday’s trading session after the company increased its existing stake in Gujarat Gas Limited. It now holds more than 5% stake in total. Share price of LIC opened at Rs. 655.95 per share and traded higher to reach its intra- day high of Rs. 659.80 per piece. The [...]
Stock to Buy: Fundamentally strong auto stock gets a buy call for an upside more than 30%
The shares of India's largest passenger vehicle maker surged roughly 1.7 percent to Rs 10,463.90 per share on Friday’s trade after Citi raised its 'buy' recommendation to an upside of 33 percent. Maruti Suzuki India Ltd shares were trading at Rs 10,434.55 on the NSE at 11:40 a.m., up Rs 150.25 or 1.46 percent from [...]
Mahindra group stock with low debt reaches 52-week high after company announces plans for restructuring
This IT stock under Mahindra Group reached its 52- week high after the company announced its recent restructuring plans to merge with its subsidiary company. The stock witnessed an uptrend growth in its price in the market today. Share price of Tech Mahindra opened at Rs. 1290.05 per share and gained 2% in Friday market [...]
Multibagger Railway stock jumps up to 4% after receiving a project in Jharkhand worth ₹ 1271 Cr
Shares of this multibagger rail stock gained around 4 percent on Friday after bagging a project pertaining to the infrastructure development in Jharkhand. In the last month, the company’s stock has zoomed around 30 percent. With a market capitalization of Rs 33,808.60 crores, the stocks of Rail Vikas Nigam Limited opened their trading hour on [...]
J.P. Morgan to Include Indian Government Securities into Emerging Market Index
Government borrowing costs will decrease as a result of J.P. Morgan's announcement that it intends to incorporate Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index starting in 2019. From June 28, 2024, to March 31, 2025, the inclusion of the IGBs will happen in stages, representing a 1% increase [...]
Multibagger NBFC stock hits the 20% upper circuit as board to propose raising funds; Check the details
Shares of an NBFC rallied 20 percent to reach a record high of ₹ 68.80 apiece on the Bombay Stock Exchange (BSE). Its shares were locked in an upper circuit after it announced that its board is looking to raise funds. Mufin Green Finance said in an exchange filing that a meeting of the Board [...]
Zaggle Prepaid Falls 100 BPS on Issue; Bounces Back 4% to Rs. 170.7
On Friday, shares of fintech company Zaggle Prepaid Ocean Services Ltd. made a subdued market debut, falling over 1% on the BSE in comparison to the Rs 164 issue price. On the BSE, the stock began trading at Rs 162, down 1.21% from the issue price. Later, it made up the ground lost, rising 4% [...]
Sunteck Realty and IFC Partner in Rs. 750 Crore Housing Projects
In order to develop 4-6 affordable housing projects in the Mumbai Metropolitan Region (MMR), Sunteck Realty and IFC have established a joint platform to receive investments of up to Rs 750 crore. The largest international development organization with a focus on the private sector in emerging markets is IFC, a subsidiary of the World Bank. [...]
Samhi Hotels IPO: Stock Debuts 7% Higher Above Issue Price
Shares of Samhi Hotels Ltd on Friday listed with a gain of nearly 7% against the issue price of Rs 126. The stock made its debut at Rs 130.55, up 3.61% from the issue price on the BSE. Later, it climbed 5.55% to Rs 133. At the NSE, it began the trade at Rs 134.50, [...]
Jio Financial Services shares jump up to 2% after 1.65 Cr shares of the company changed hands
On August 21 this stock was listed on stock exchanges. In comparison to its discovery price of 261.85, the stock was listed at BSE share prices of 265 and NSE share prices of 262, respectively. On Friday stock rose up to 2% after 1.65 Cr shares changed hands. Jio Financial Services Ltd Jio Financial Services [...]
Pharma stock falls 6% after company proposes divestment of majority stake in subsidiary
Shares of this pharma stock under the mid-cap category fell up to 6 percent after the company agreed to the proposed divestment of a majority stake in its subsidiary company. With a market capitalization of Rs 22,267.30 crores, the stocks of Glenmark Pharmaceuticals Limited started their trading session on Friday at Rs 815.95 and currently [...]
Microcap stock jumps to reach 52-week high after company received order worth ₹ 72 Cr
This logistics stock reached its 52- week high in the market on Friday after the company received a long- term business order worth approximately Rs. 72 crore. Share price of AVG Logistics opened at Rs. 302.30 per share and gained almost 3% to reach its 52- week high of Rs. 305 levels. The stock gave [...]
Large cap IT stock declines 2.7% after company’s veteran CFO resigns; Check the details
The share of India's fourth largest software service company declined around 2.7 percent to Rs 417.50 a share after the company’s veteran CFO Jatin Dalal resigned. At 10:40 a.m., On the National stock exchange, Wipro Ltd shares were trading at Rs 420.90 per share, down 1.83 percent from the previous close price. The company has [...]
Inter Ministerial Discussion for Easing FDIs Underway: Official
According to a top government official, there is currently inter-ministerial discussion about further easing restrictions on foreign direct investment in the space industry in order to draw foreign players and private businesses. According to the official, there is a ton of room for foreign businesses to invest in India's rapidly expanding sector. The proposal to [...]
Fundamentally strong Chemical stock that is trading at a discount of 30% to keep an eye on
A stock is said to be ‘fundamentally strong’ when it portrays a specific set of characteristics such as consistent and improving financials, favourable leverage ratios, etc. Listed below is one such fundamentally strong stock that is trading at a discount of up to 30 percent from its 52-week high level: Anupam Rasayan India Limited With [...]
Everything you need to know about the Crompton-Butterfly Merger
To acquire a 55% stake in certain Butterfly trademarks from promoter group entities for a sum of Rs. 30.38 crore, at a price of Rs. 1,403 per equity share, Crompton Greaves signed definitive agreements with some members of the promoter group of Butterfly Gandhimathi Appliances Ltd. ("Butterfly") in February 2022. In order to purchase up [...]
Midcap Pharma stocks that are debt-free from the last 4 years to add to your watchlist
Debt to Equity measures how much total debt and financial obligations weigh against the total amount of shareholders' equity. Debt to equity shows how heavily a company's capital structure leans toward debt or equity for its financing, which shows how leveraged the business is financially which is an important metric to look at along with [...]
Smallcap stock falls 3.5% after India suspends visas for Canadians; Check the details
The shares visa consultancy service provider declined 3.5 percent to Rs 260.80 a share on Thursday after India suspended visas for Canadians. At 3:25 p.m., On the National stock exchange, BLS International Services Ltd shares were trading at Rs 263.10 per share, down 2.5 percent from the previous close price. The company has a market [...]
Bank stock jumps 48% in less than 10 days; What’s driving the rally?
Shares of a large-cap banking company zoomed 48 percent in less than ten days, increasing from ₹ 32.35 to ₹ 47.95 apiece. Its shares were trading at ₹ 45.85 apiece at 01:15 PM on Thursday. Shares of PSU Banks were on a roll this week, amid expectations of improved earnings and asset quality of state-owned [...]
Sebi issues guidelines for handling complaints received through the SCORES platform
A framework for resolving complaints received through the SCORES platform for registered entities and for monitoring such concerns by designated bodies was released by capital markets regulator Sebi on Thursday. The Securities and Exchange Board of India said in a circular that the new guidelines will come into force from December 4. SCORES was introduced [...]
Penny stock hits upper circuit after signing MoU with Amplify Cleantech Solution for EV charging Infra Development
This penny stock operates in the IT services industry with a market cap of Rs. 308 crore. On Thursday, the company’s shares hit 2% upper circuit within the first half hour of markets opening and is 39% away from 52 week high and has been experiencing strong momentum since mid April 2023, rising 109% since. [...]
HDFC AMC gets a nod from RBI to acquire up to 9.5% stake in these 4 Private Sector Banks; Check the details
HDFC Asset Management Company, providing various mutual fund and portfolio management services, has received approvals from the Reserve Bank of India (RBI) to acquire a stake in the below listed private-sector Banks. DCB Bank Limited With a market capitalization of Rs 3,928.62 crores, the stocks of DCB Bank Limited started their trading session on Thursday [...]
Tyre stock falls 3% after Labour Union halts production at manufacturing plant in Gujarat
Shares of this mid-cap stock involved in the Tyre industry fell around 3 percent on Thursday after operations at one of the company’s manufacturing plants were stopped by the labour union representatives due to concerns related to the long-term settlement agreement. With a market capitalization of Rs 23,393.94 crores, the stocks of Apollo Tyres Limited [...]
Kotak arm invests An additional Rs 600 Cr in Sify to expand data center capacity
On Thursday Kotak Alternate Asset Managers (Kotakalt) announced an additional Rs 600 crore investment in Sify Technologies. The investment by Kotak Data Center Fund into Sify Infinit Spaces (SISL), which takes the overall bet by Kotakalt to Rs 1,600 crore, has been deployed for expanding data centre capacity across India and investing in renewable energy, [...]
Markets down for a third day on weak global cues; ICICI slumps 2.81%
For the third straight session, selling pressure caused the equity benchmark indexes Sensex and Nifty to falter, and they ended the day over 1 per cent lower on Thursday as investors reduced their exposure to shares of financial, banking, and automotive companies. Following the US Federal Reserve's announcement that they anticipate raising rates again this [...]
ITC Hotels signs contract with Welcomhotel Kalimpong resorts
ITC Hotels on Thursday announced that it has signed a management agreement with a construction company for Welcomhotel Kalimpong resort in West Bengal. The 70-key greenfield project will spread over four acres of land and will offer plush rooms with views of the Himalayas and the valley, a company statement said. The business disclosed the [...]
Auto stock announces incorporation of NBFC with ₹ 200 Cr infusion for Vehicle Financing
This S&P BSE 500 stock is midcap with a market cap of Rs. 34,409 crore. On Thursday, the company’s shares opened flat and is 7% away from 52 week high and has been experiencing strong momentum since late March 2023, rising 52% since. The shares of this stock are trading at Rs. 3114.00 which is [...]
NBFC stock with high promoter holding reports strong business growth in the Investor Presentation
This S&P BSE 500 stock is classified as Smallcap with a market cap of Rs. 4,827 crore. On Thursday, the company’s shares opened flat and is 6% away from 52 week high and has been experiencing strong momentum since mid April 2023, rising 29% since. The shares of this stock are trading at Rs. 883.00 [...]
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