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Vijay Kedia stock hits upper circuit after it acquires Europe based web3 security firm
The shares of India's first publicly listed cybersecurity firm hit 2% upper circuit after it announced its acquisition of a Europe-Based Web3 Security Firm called CyberScope. Share Price Movement The shares of TAC Infosec Ltd (TAC Security), with a market capitalization of Rs 1,550 Crores, hit 2% upper circuit on Wednesday’s trade at Rs 1,479 [...]
IT stock jumps 10% after receiving order to deploy an automatic fare collection system in Maharashtra
The shares of the Smallcap IT company specializing in providing intelligent solutions for data-driven businesses jumped upto 10 percent upon receiving a work order to deploy an Automatic Fare Collection system for 23 stations of Pune Metro Line 3 in Maharashtra. Price action With a market capitalization of Rs. 3,689.71 crores on Wednesday, the shares [...]
Transformer stock jumps 4% after receiving order worth ₹43 Cr for power transformer
Transformer stock engaged in manufacturing, supplying, erecting, testing, and commissioning power and distribution transformers jumped upto 4 percent in the day’s trade upon receiving a new work order worth Rs. 42.71 Crores for MSEDCL projects. Price Action With a market capitalization of Rs. 2,856 Crores, the shares of Marsons Limited were trading at Rs. 166 [...]
3 Stocks that can benefit from ₹2,250 Cr outlay schemes under export promotion mission
The government is finalizing schemes under the ₹2,250 crore Export Promotion Mission announced in the Union Budget 2025. Targeting MSME exporters, these initiatives are set to launch within four to five months, aiming to boost export growth and support small businesses in global markets. Moreover, the Mission, led by the Ministries of Commerce, MSME, and [...]
Stocks that are likely to be included in the upcoming rejig of Nifty 50 and Nifty Next 50 Index
As per Nuvama Alternative and Quantitative Research, they believe that some companies may be included or excluded in the upcoming rearrangement of the Nifty Indices. The rejig happens once every six months. The rejig announcement is expected to be in the second half of February 2025 and the adjustment of the stocks or companies announced [...]
Pharma stock jumps 4% after receiving USFDA approval for HIV Drug
The shares of Transnational Pharmaceutical Company surged as much as 4.3% on Wednesday’s trade after receiving tentative approval from USFDA for its generic version of a HIV Drug. Share Price Movement The shares of Lupin Ltd, with a market capitalization of ₹99,894 Crores, as of Wednesday afternoon were trading around ₹2,192 per share, 3.8% higher [...]
5 Stocks to buy post budget for an upside of 15%; Are you holding any?”
India's Union Budget for 2025-26 reinforces the government's commitment to driving growth, promoting inclusive development, stimulating private sector investments, boosting household confidence, and strengthening the purchasing power of the rising middle class. The tax relief, exempting income up to Rs. 12 lakh for the lower middle class, would lead to higher demand for consumption sectors [...]
Oil stock jumps 4% following after its net profit increases by 300% QoQ
The shares of the Oil and Gas company specializing in the exploration, development, and production of crude oil and natural gas in India jumped upto 4 percent upon declaring Q3 results and generating profit with a 300 percent rise Quarter on Quarter (QoQ). Price action With a market capitalization of Rs. 2,582.05 crores on Wednesday, [...]
Defence stock jumps 7% after announcing 83% YoY increase in net profits
Mid-cap private defence stock specializing in electronics solutions is in focus after it jumped up to 7% after announcing its Q3FY25 results, with robust growth in its net profit. Share Price Movement With a market capitalization of ₹4,000 Crore, the stock of Apollo Micro Systems Limited opened at ₹138 up 7.42 % from yesterday's closing [...]
Dolly Khanna stock jumps 4% after company’s net profit increases by 117% QoQ
Dolly Khanna stock specializing in the manufacture, purchase, and sale of fertilizers jumped upto 4 percent upon declaring Q3 results and generating profit with a 117 percent rise Quarter on Quarter (QoQ). Price action With a market capitalization of Rs. 1,970.99 crores on Wednesday, the shares of Mangalore Chemicals & Fertilizers Limited jumped upto 4.2 [...]
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NEWSALERT
Govt proposes to increase tax deduction from 10% to 14% on contribution in NPS by state govts to employees: FM. PTI MJH NKD CS NKD MR MR
NEWSALERT
Concessional corporate tax rate of 15 pc would be available for 1 more year till March 2024 for newly incorporated manufacturing companies: FM. PTI DP ANZ DP ABM ABM
NEWSALERT
To extend period of incorporation by 1 year up to March 31, 2023 for startups to avail tax incentives, says FM. PTI JD ANZ ABM ABM
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
Defence stock jumps after company bags an order worth ₹ 291 Cr from Indian Air Force
This S&P BSE 500 company which is also a category-I miniratna is currently trading at Rs. 1054.95 and rose up to 3% on Wednesday within the first half hour of markets opening after it bagged an order worth Rs. 291 crore. The stock trades 17.4% away from its 52 week high. The stock is 3.4% [...]
Investors adopt a cautious stance; in August, debt mutual funds saw outflows of Rs 25,872 crore
Debt-oriented mutual fund schemes experienced a stunning influx in July, but last month saw a withdrawal of Rs 25,872 crore as investors remained cautious given the US interest rate environment. Data with the Association of Mutual Funds in India (Amfi) showed that out of 16 debt categories, nine of them witnessed net outflows during the [...]
Multibagger Textile stock jumps 10% after NCLT sanctioned a demerger; Check the details
Shares of a company in the textile industry surged 10.23 per cent to reach a fresh 52-week high of ₹ 268.90 apiece on the Bombay Stock Exchange (BSE). This happened after the company announced that the NCLT had sanctioned its demerger. Jasch Industries is engaged in manufacturing coated textile/synthetic leather and electronic thickness gauges. The [...]
Total will invest USD 300 million in joint venture with the Adani Group
On Wednesday the Indian conglomerate said in the stock exchange filing that France's TotalEnergies SE will invest USD 300 million in a new joint venture with Adani Group for the renewable energy project. Adani Green Energy Ltd, the renewable energy arm of the Adani group, said: "Total will make a further investment (either directly or [...]
The flexible office space will increase by 52% to 81 million square feet by 2025: Report
According to real estate consultant Vestian, Flexible office space operators currently have a portfolio of 53.4 million square feet and the number is projected to grow 52 per cent by 2025 to 81 million square feet on rising demand from corporates. In its report 'Flexing the Workspace-Back to Office' released on Wednesday, Vestian highlighted that [...]
Tata Group stock hits 52-week high after company partners with Norway’s national payment systems
This Tata group stock reached its 52- week high in the market today after the company announced its partnership with BankID BankAxept AS. The stock saw a potential movement during the trading session. Share price of TCS opened at Rs. 3,580 levels and traded higher to reach its 52- week high of Rs. 3625 levels. [...]
Pharma stock jumps 3% after receiving marketing authorization for Cancer drugs in Serbian market
Shares of this pharma stock under the ‘micro-cap’ category jumped around 3 percent in Wednesday’s trading session after the company received marketing approvals for cancer drugs in Serbian markets. During the last six months, the company’s stock has gained more than 50 percent. With a market capitalization of Rs 320.41 crores, the stocks of Venus [...]
Kerala Chief Minister Unveils New Seaport; To Boost Trade
At a ceremony held here on Wednesday, Kerala Chief Minister Pinarayi Vijayan unveiled the logo and identity of the ambitious international seaport that is currently nearing completion at Vizhinjam. Vizhinjam International Seaport, Thiruvananthapuram will be the port's name. According to official sources, the logo would improve the port's visibility on maps of international maritime trade. [...]
Small cap stock jumps up to 6% after company bags an order worth ₹ 167 Cr from Delhi International Airport
This small-cap stock on Wednesday rose more than 6% after the company received an order worth Rs. 167 Cr. On the same day, the stock reached a new 52-week high of Rs. 57.75. Currently, the stocks are trading above both the 50-day and 200-day moving averages. B L Kashyap and Sons Ltd It is a [...]
Asia Healthcare will Invest Rs. 600 Crore in Asian Institute of Nephrology and Urology; Company to Acquire Majority Stake
On Wednesday, Asia Healthcare Holdings announced that it had purchased the majority of the shares in the Asian Institute of Nephrology and Urology and that it would contribute Rs 600 crore to the latter. The investment will be made using a combination of primary and secondary infusion, according to a statement from Asia Healthcare Holdings [...]
Organizations to be Given a Year to Confirm to Data Protection Act 2023: Minister of Electronics & IT
According to Wednesday's statement by Minister of State for Electronics and IT Rajeev Chandrasekhar, organizations may be given about a year to adjust their systems to conform to the requirements of the Digital Personal Data Protection Act, 2023. On the sidelines of an industry consultation, Chandrasekhar addressed the media and promised that the Data Protection [...]
Drone stock jumps 8% after company signs a franchise deal with WollStone Capital to boost sales
This drone stock rallied 8% in the first half of Wednesday after the company partnered with Wollstone Capital SA which is a private investment holding company in Switzerland. Share price of Droneacharya opened at Rs. 174.30 per share and gained 8% to reach its intra- day high of Rs. 190.25 per share. The stock has [...]
Steel stock jumps 6% after Indian Govt grants environmental clearance for coal mine in Chhattisgarh
Shares of this multibagger small-cap stock under the ‘Iron & Steel’ sector jumped around 6 percent in Wednesday’s trading session after receiving environmental clearance for a commercial coal mine. In the last month itself, the company’s stock gained more than 40 percent. With a market capitalization of Rs 2,472.22 crores, the stocks of Prakash Industries [...]
Fundamentally strong stock falls more than 4% after Analyst downgrades it from ‘Buy’ to ‘Neutral’
Shares of a fundamentally strong large-cap stock shed 4.05 per cent to reach an intraday low of ₹ 1,563.10 apiece on the National Stock Exchange (NSE). This happened after the company received a downgrade from Nomura. Its shares were trading at ₹ 1,567.85 apiece at 11:07 AM on Wednesday. Brokerage firm Nomura has downgraded HDFC [...]
Renewable energy stock jumps 7% after signing MoU for projects worth ₹ 1,18,826 Cr with PFC
Shares of a renewable energy company notched 7.31% gains to reach an intraday high of ₹ 82.25 apiece on the National Stock Exchange (NSE). This happened after the company announced that it had signed a MoU for projects worth ₹ 1,18,826 Crore. Its shares were trading at ₹ 82.00 apiece at 12:18 PM. SJVN Ltd [...]
Modi Govt Implemented Reforms Drive Macro Growth in Unfavorable Environment: RBI Member
According to RBI Monetary Policy Committee (MPC) Member Ashima Goyal, the Indian economy has begun to perform well despite the unfavorable global environment because the Modi-led government carried out numerous reforms over the past nine years, improving important macroeconomic indicators. Goyal was questioned about how she would contrast the nine years of the Modi-led NDA [...]
Defence stock jumps up to 3% after company signed MoUs with Lloyd’s Register and Caterpillar Inc
This defence stock held by ace investor Ramesh Damani surged more than 3% in the market after the company entered into two non- binding MoUs with Lloyd’s Register and Caterpillar Inc on Wednesday morning. Share price of Garden Reach opened at Rs. 814.15 per share and rose more than 3% to reach its intra- day [...]
Midcap stock jumps 15% after company’s Board approves QIP worth up to ₹ 1,000 Cr
Shares of this consumer durable stock jumped 15 percent on Wednesday after the company announced a “Qualified Institutional Placement” (QIP) for debt reduction as well as increasing the growth potential. With a market capitalization of Rs 17,056.23 crores, the stocks of Blue Star Limited started their trading session on Wednesday at Rs 818.35 and currently [...]
RR Kabel Debut: Shares List at a 14% Premium
On Wednesday, shares of R R Kabel Ltd, a manufacturer of wires and cables, were listed at a premium of 14% over their Rs 1,035 issue price. The stock began trading on the BSE at Rs 1,179, up 13.91% from the issue price. Later, it increased 15.75 percent to Rs 1,198.05. It started trading at [...]
PSU stock jumps up to 4% after company bags an order worth ₹ 150 Cr for redevelopment
On Wednesday this small-cap stock jumps up to 4% after the company received an order worth Rs. 150 Cr. The stock has delivered 76% returns in one year and 47% returns in YTD to the investors. NBCC (India) Ltd NBCC(India) Ltd the company belongs to a small-cap category with a market capitalisation of Rs. 10,733 [...]
Mukul Agrawal stock with 392% returns announces record date for stock split; Check the details
Shares of a company in ace investor Mukul Agrawal’s portfolio climbed 3.59 per cent to reach an intraday high of ₹ 976.00 apiece on the National Stock Exchange (NSE) after the company announced a 1:2 stock split. Its shares were trading at ₹ 990.75 apiece at 10:32 AM. Surya Roshni Ltd. is a lighting and [...]
Multibagger Engineering stocks with high ROE of up to 40% to keep on your radar
Return on Equity (ROE) is a metric that expresses a company's annual return (net income) as a percentage of the value of its total shareholders' equity. The figure displays the firm's capacity to convert equity investments into profits and is the total return on equity capital. In other words, it calculates the profits for every [...]
2 Tata Group stocks get a buy call by Analysts for an upside of up to 17%; Do you hold any?
Tata Group is one of India's leading multinational business conglomerates expertising in multiple segments which includes manufacturing of automobiles, steel, power, mining, retail products, engineering, information technology, and others. It was founded in 1868 and currently caters to more than 100 countries. Here are two stocks under Tata Group with an upside of up to [...]
Small cap stock jumped up to 4% after the company entered into a MoU with AI Jomaih Energy
On Monday this small-cap company's shares jumped over 3% after it entered into a MoU with AI Jomaih Energy and Water (AEW). This stock has delivered 46% returns in six months and 61% returns in one year to the investors. The stock closed 14.7% below the 52-week high. Va Tech Wabag Ltd Va Tech Wabag [...]
Top SME IPOs of 2023: Stocks that delivered multibagger returns of up to 182% since listing
As markets rebounded in 2023, a remarkable phenomenon emerged in the realm of Small and Medium-sized Enterprises (SMEs): a string of Initial Public Offerings (IPOs) that defied expectations and became multibagger success stories year-to-date (YTD). In the 2023 IPO, more than a hundred SMEs in total have issued shares. These SME IPOs have sparked the [...]
Nifty PSU Bank hit all time high; What’s driving the rally in PSU banking stocks?
Shares of public sector banks witnessed a massive rally on Monday, pushing the NSE Nifty PSU Bank to over a 12-year high of 5,292.10 points, the highest level since November 09, 2010. Its market capitalization rose to an all-time high of ₹ 12.3 lakh crore, after adding ₹ 42,000 crore on Monday. The Nifty PSU [...]
Stocks to Buy: 6 Fundamentally strong stocks to buy now for an upside of up to 21%
Benchmark Indices NIFTY and Sensex ended in red on Monday. NIFTY dipped 59.05 points to close at 20,133.30 while sensex closed at 67,596.84, dropping 241.79 points. The following are a few stocks for which brokerages have recently published target upgrades with an upside of up to 21%. Som Distilleries and Breweries Ltd: Som Distilleries & [...]
Small-cap stock jumped up to 4% after the company received an order worth ₹ 75 Cr
On Monday this small-cap stock climbed more than 4% after the company received an order worth Rs. 75 Cr. The stock has delivered 24% returns in six months and 60% returns in one year. The stock closed 10% below the 52-week high. The company shares are currently, trading above both the 50-day and 200-day moving [...]
Multibagger Logistics stock gained 7% after company revises delisting price; Check the details
Shares of a logistics company rose 7 per cent to reach an intraday high of ₹ 391.20 apiece on the National Stock Exchange (NSE). Its shares settled at ₹ 375.25 apiece. This happened after the upward revision of its indicative price for the delisting of its shares. Shreyas Shipping & Logistics Ltd owns and operates [...]
Multibagger bank stock jumped up to 20% after 3.53 Cr shares of the company changed hands
This bank stock hit a 20% upper circuit after 3.53 Cr shares changed hands, on Monday. The stock hit a new 52-week high of Rs. 47.40 on the same day and trading above both 50-day and 200-day moving averages. Indian Overseas Bank Indian Overseas Bank belongs to a large-cap category with a market capitalisation of [...]
Real Estate stock jumped up to 7% after company raised funds worth ₹ 1544 Cr; Check the details
This small cap stock owned by late investor Rakesh Jhunjhunwala rose up to 7% after the company raised Rs. 1544 crore by way of preferential issue. It also partnered with Adani, Godrej and Prestige in the last one year. Share price of DB Realty closed at Rs. 171.25 per share in the Monday market. It [...]
Penny stock jumped up to 5% after the company bagged an order worth ₹ 15 Cr; Check the details
On Monday this penny stock gained up to 5% after the company bagged an order worth Rs. 15 Cr. The stock has delivered 31% returns in six months and 13% returns in YTD. Currently, the stock is trading above the 50-day and 200-day moving averages. Atishay Ltd Atishya Ltd. is a penny stock with a [...]
Stock jumped up to 14% as the company announced Golden Bharat Travel Sale; Check the details
This small cap stock surged up to 14% in Monday's market as the company announced the Golden Bharat Travel Sale from 19 September 2023 to 26 September 2023 which offers heavy discounts on flights, hotels, buses, and many more. Share price of Easy Trip closed at Rs. 44.60 per share on Monday. During the trading [...]
Defence stock jumped up to 7% after bagging orders worth ₹ 2118.57 Cr from Cochin Shipyard
Shares of a defence company appreciated to the tune of 7 per cent on Monday’s early trades to reach an intraday high of ₹ 145.00 apiece on the National Stock Exchange (NSE). This happened after the company bagged orders worth approximately ₹ 3,005 crores. Its shares settled at ₹ 140.05 apiece, up 3.21 per cent [...]
Penny stock hit 5% upper circuit after it received approval from Govt to provide skill training worth ₹ 15 Million
This penny stock hit its upper circuit at 5% in Monday’s trading session after the company received approval from the government to provide skill training in the telecom sector. Share price of NMS closed at its upper circuit of 5% at Rs. 48.97 per share. The stock has returned a multibagger return of 104.04% in [...]
Smallcap stock jumped 4.4% after the company received an order worth ₹ 67 Cr from Saudi Arabia
This small-cap stock gained more than 5% after the company received an order worth Rs. 67 Cr. The stock has delivered 27% returns in one month. The company shares are currently, trading above both the 50-day and 200-day moving averages. Genesys International Corporation Ltd Genesys International Corporation Ltd belongs to a small-cap category with a [...]
Small cap stocks in which GQG Partners holds a stake of up to 2.36%; Do you own any?
The GQG Partners Emerging Markets Equity Fund manages money for investors around the world including private individuals, financial professionals, and institutional investors. The business invests in high-quality companies with reasonably priced future growth potential in emerging countries by combining market equity. According to the most recent corporate shareholdings filing, GQG Partners publicly holds 5 stocks [...]
3 Smallcap FMCG stocks with a high ROE of up to 33%; Are you holding any?
Return on equity (ROE) depicts a company's capacity to generate returns on investments made by its shareholders. Return on Equity is the metric of a company’s net income divided by the value of its total shareholders’ equity. Here are three Small-cap FMCG stocks with High ROEs of up to 33% Vadilal Industries Ltd The shares of [...]
Multibagger Bank stocks with increasing Net Interest Margins over 3 years to add to your watchlist
Net Interest Margin (NIM) is a profitability indicator that approximates the likelihood of a bank or investment firm thriving over the long haul. In simple terms, it is the difference between the net interest income generated by a bank (from loans and mortgages) and the outgoing interest that it pays to account holders (savings bank [...]
Large cap auto stocks with high CAGR of up to 40% to keep an eye on
Increase in compound annual growth rate (CAGR) of revenue in any business makes it valuable. Higher the revenue, the more valuable your business will be. Revenue growth of a company may increase profits and offer new opportunities to expand. In recent times, auto stocks have seen a growth in demand regarding commercial vehicles, two- wheelers [...]
Debt-free stocks that are trading under ₹ 500 to add to your watchlist
A debt-free company has no debt or external borrowing. A company that is debt-free is one that is completely self-sufficient and has no outstanding loans. Here are three stocks that have zero debt and are priced under Rs 500. Avanti Feeds Ltd Avanti Feeds belongs to the small-cap stock, with a market capitalization of Rs [...]
Stocks to Buy: 6 Stocks to buy now for an upside of up to 50%
Indian equity gauges— BSE Sensex and NSE Nifty 50 rallied to a record high on Friday, led by auto and financial stocks. The Nifty 50 hit an intraday record high of 20,222.45 points and Sensex touched 67,927.23 points. The indices gained for the third straight week, while the Midcap indices snapped a three-week gaining streak. [...]
Fundamentally strong penny stocks that are trading under ₹ 15 to keep on your radar
Fundamentally strong companies are those that have strong financials over the years, such as significant profit growth, a low debt-to-equity ratio, and continuous cash flow. Penny stocks belong to the inexpensive category, with low market capitalizations and limited liquidity in their stocks. Those stocks are more volatile in nature. Listed below are three fundamentally strong [...]
Auto ancillary stocks with low PE ratio than industry average to add to keep on your radar
A stock is said to be an “undervalued” one when the price-to-earnings (P/E) ratio of the company is lesser than the P/E ratio of the industry the company is engaged in. Listed below are two stocks in the ‘Auto Ancillary’ segment having a P/E ratio lesser than that of the industry: Samvardhana Motherson International Limited [...]
Stocks to Watch: 7 Stocks that will trade Ex-Dividend next week
The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield indicates how much a company pays in dividends each year based on its stock price. Here are a few stocks that will be trading ex-dividend next week: Balmer Lawrie & Co Ltd. Balmer [...]
Fundamentally strong stocks trading under ₹ 200 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 financials, low leverage ratios, and many more. Listed below are three Fundamentally Strong stocks under Rs 200 that one should keep on their radar: Indian Energy Exchange Limited With a market capitalization of Rs [...]
Stocks under ₹ 50 in which LIC owns up to 2.83% stake; Are you holding any?
The Life Insurance Organisation of India (LIC) is India's largest government-owned life insurance and investment company. Its primary responsibility is to invest in global financial markets and other government assets after collecting funds from individuals via various life insurance contracts. Here are two stocks under Rs 50 in which LIC owns up to 2.83% stake. [...]
₹ 7 to ₹ 146: Multibagger stock turns ₹ 10,000 to ₹ 2.10 Lakhs in just 6 months
Shares of this undervalued stock under the ‘micro-cap’ category have proven to deliver multibagger returns of around 2,000 percent within a period of just six months. Prime Industries Limited (PIL) is engaged in the business of manufacturing as well as the marketing of ‘Vanaspati’. The company also started manufacturing bakery-quality Vanaspati that is well-accepted in [...]
Smallcap stock jumps up to 7% after the company’s board approved to sell APL unit in Thane
On Friday this small-cap stock jumps more than 7% after the company’s board approved to sell APL unit. The stock has delivered 25% returns in six months. The company's stock is currently trading above both its 200-day and 50-day moving averages. The stock price has been maintained at a high level by a strong and [...]
Defence stock jumps 3% after its management targets 37% increase in revenue
Shares of a defence company zoomed 3.31 per cent on Friday to reach an intraday high of ₹ 424.40 apiece on the National Stock Exchange (NSE) after Its management’s positive commentary on revenue. Its shares settled at ₹ 420.95 apiece. Mishra Dhatu Nigam Ltd. has been assisting ISRO since the start of the Chandrayaan-3 mission. [...]
Mercedes’ Charging Stations will Now serve Other Brands’ EVs
In an effort to hasten the adoption of electric vehicles in the nation, German luxury automaker Mercedes-Benz India announced on Friday that its network of charging stations will now serve users of other brands. The automaker also unveiled a brand-new "Customer Experience Center" at Chakan, in Pune, and the top-of-the-line EQE 500 4MATIC electric SUV, [...]
Auto stock in green after company signs MoU with the UP Govt to set up EV plant; Check the details
This EV stock traded higher in the second half of Friday’s trading session after the company signed an MoU with the Government of Uttar Pradesh to set up its first integrated commercial vehicle Bus plant focused on green mobility in the state. Share price of Ashok Leyland opened at Rs. 180.80 per share and gained [...]
Tea Industry to See 8% Decline; Profits dip on Higher Wage Cost: Report
According to a report released on Friday, the tea industry is likely to experience an 8% year-over-year decline this fiscal due to declining export volume as a result of an increase in supply from Sri Lanka. According to a report by Crisil Ratings, the operating profitability of the sector will decline for the second year [...]
Penny stock jumps up to 5% after company received an order worth ₹ 197 Cr from Siddesh Global Ltd
On Friday this penny stock jumps more than 5% after the company received an order worth Rs. 197 Cr. The stock has delivered 74% returns in one year. The stock of the company is currently trading higher than both its 200-day and 50-day moving averages. The strong and rising volume that is above average when [...]
CRISIL to Acquire Bridge To India Energy; Improve standing in Renewables
The acquisition will improve CRISIL's standing in the new energy and renewables market. Bridge To India Energy Private Limited (also known as "Bridge To India") is a leading provider of renewable energy consulting and knowledge services to financial and corporate clients worldwide. Bridge To India is a subsidiary of S&P Global. CRISIL has entered into [...]
Sandalwood Auction Brings in Record Money
Kerala's renowned Marayoor sandalwood trees are prized for their unmatched fragrance, and this month's auction brought in a record amount of money for the state's forest department. According to officials, the department won the auction, in which major corporations and organizations including Karnataka Soaps, Oushadhi, Jaipur CMT and India Limited, KFDC, and Devaswom Boards participated, [...]
Semiconductor stock jumps up to 10.7% after company applies for DLI scheme
On Friday, shares of this semiconductor design company rose up to 10.7 percent to Rs 98.95 a share after the company applied for a DLI scheme to develop a chip for smart meter applications. At 2:50 p.m., On the Bombay stock exchange, Moschip Technologies Ltd shares were trading at Rs 96 per share, up Rs [...]
Defence stock jumps after securing an order from a UAE company to produce Armoured Vehicles
Shares of this defence stock under the ‘large-cap’ category hit its fresh 52-week high mark on Friday after receiving an order from a UAE-based company to produce armoured vehicles. In the last six months, the company’s stock has jumped more than 40 percent. With a market capitalization of Rs 52,178.01 crores, the stocks of Bharat [...]
Auto stock jumps 5.3% after Brokerage increases buy target to ₹ 5,500; Check the details
Shares of a large-cap automobile company gained 5.15 per cent on Friday’s early trades to hit a record high of ₹ 5,093.95 apiece on the National Stock Exchange (NSE), after BofA Securities upgraded the stock to buy. According to reports, BofA Securities has upgraded Bajaj Auto to ‘Buy’ from ‘Neutral’ and has revised the target [...]
Along with ISG and CNBC TV-18, L&T Technology Services introduces the second annual Digital Engineering Awards
Indian Business Wire Nominations open through October 5, 2023, L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a major international digital engineering and R&D organization. Awards acknowledge excellent engineers and creative techniques in the area. In collaboration with Information Services Group (ISG), a preeminent worldwide technology research and consultancy firm, and the Indian business news [...]
Multibagger Bank stock reached 52-week high after it accepts bids for debentures
This mid cap banking stock reached its 52- week high in the market today after the bank accepted bids for its Tier- II bonds worth Rs. 515 crore at a coupon rate of 7.98%. Share price of Bank of Maharashtra opened at Rs. 44 levels and gained 5% to reach its 52- week high of [...]
NBFC surges 11% after company reports strong future business growth; Check the details
This S&P BSE Smallcap stock is part of Massachusetts Institute of Technology (MIT, USA), Birla Group and SBI Group’s portfolio and rose over 9% within the first half hour of markets opening after it reported growth on multiple fronts in its analysts’ day presentation filed on 14th September 2023. The company has a market cap [...]
Small cap stock jumps 5% after it’s US subsidiary acquires a controlling stake in a Canada company
Shares of this construction company under the ‘small-cap’ category jumped around 5 percent in Friday’s trading session after it signed an agreement to acquire a 100 percent stake in a company based out in Brampton, Canada. With a market capitalization of Rs 8,287.64 crores, the stocks of GMM Pfaudler Limited opened their trading hour at [...]
Small cap stock in green after company announced 100% acquisition of Scorpius Trackers for ₹ 135 Cr
This small cap stock rallied in the market today after the company announced cash and share consideration of up to Rs. 135 crore to the existing shareholders for acquiring 100% stake in Scorpius Trackers Private Limited. Share price of Gensol Engineering opened at Rs. 1860.90 per share and gained up to 2% to reach its [...]
Penny stock jumps 9.5% after management sets optimistic growth plans for FY’24
This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday’s volumes. The stock currently trades at Rs. 23.51 versus Rs. 23.06 at yesterday’s closing with a market cap [...]
Multibagger Vijay Kedia stock hits 5% upper circuit after securing an order worth ₹ 249.96 Cr for irrigation project
Shares of this Vijay Kedia stock hit the 5 percent upper circuit on Friday after the company was declared as the lowest bidder for an irrigation project. With a market capitalization of Rs 4,288.93 crores, the stocks of Patel Engineering Limited started their trading session at Rs 55.44 and currently are locked in the 5 [...]
Offering Dealer Financing Solutions through a Partnership with UGRO Capital Limited: Greaves Retail
Encourages sustainable business practices and aims to meet the country's 9000 dealers and 180 distributors' needs for operating finance. India's Bengaluru, Karnataka Greaves Retail, the retail division of Greaves Cotton Limited, a supplier of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital Limited, a top DataTech NBFC [...]
Sai Silks sets a price range of Rs 210–222 for their IPO of Rs 1,201 crore
For initial share sales, On Thursday Ethnic apparel retailer Sai Silks (Kalamandir) fixed a price band of Rs 210-222 per share for its Rs 1,201 crore, which opens on September 20. The Initial Public Offering (IPO) will bring in around Rs 1,201 crore at the top of the price range. The Hyderabad-based company was founded [...]
Small cap stock jumps up to 15% after company received an order worth ₹ 293 Cr from the UP Govt
This small cap stock rose up to 15% in the first half of Friday’s trading session after the company received an order from the Department of Agriculture, Uttar Pradesh worth Rs. 293 crore. Share price of Shakti Pumps opened at Rs. 815 levels and gained up to 15% to reach its intra- day high of [...]
Yatra Online raised Rs 348 Cr through Anchor investors
On Thursday, Online travel company Yatra Online said that it has mobilised Rs 348.75 crore from anchor investors ahead of its Rs 775-crore initial public offering (IPO). According to the circular uploaded on the BSE, The company has allocated 2.45 crore equity shares to 33 entities at Rs 142 apiece. ICICI Prudential Mutual Fund (MF), [...]
Pharma stock jumps nearly 5% after company secured a patent for 20 years; Check the details
Shares of a pharmaceutical company gained nearly 5 percent to reach an intraday high of ₹ 310.00 apiece on the National Stock Exchange (NSE) after it was granted a patent for its invention for a period of 20 years. According to an exchange filing, Gufic Biosciences has been granted a patent for an invention entitled [...]
Smallcap stock with high FII holding jumps up to 14% after 12.54 Cr shares exchange hands
Shares of this fast-food chain jumped 14 percent to hit their 52-week high on Friday after a huge Block Deal that likely took place pertaining to the company’s shares. In the past month, the company’s scrip has gained more than 13 percent. With a market capitalization of Rs 6,427.35 crores, the stocks of Restaurant Brands [...]
Early trade Sensex, Nifty hit new record highs
On Friday, equity benchmark indices Sensex and Nifty hit new record peaks in early trade, due to a rally in global markets and fresh foreign inflows. Rallying for the 11th day running, the 30-share BSE Sensex jumped 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by [...]
Vijay Kedia stock jumps up to 8% after company revises share buyback price to ₹ 720
Vijay Kedia’s textile stock climbed by almost 8 percent to a 52-week high of Rs 635 per share on Friday’s trade after the company revised the share buyback offer to Rs 720 per share against the previous price of Rs 650. At 10:30 a.m., On the National stock exchange, Siyaram Silk Mills Ltd shares were [...]
Insurance companies with high Persistency Ratio of up to 88% to keep an eye on
While evaluating insurance companies, we look at various ratios like persistency ratio, solvency ratio, claim settlement ratio and so on. Persistency ratio indicates how many policyholders are paying the due premiums regularly on the policies with the insurer. In other words, it shows how loyal customers are to an insurance company. Persistency ratio is measured [...]
Green Energy stocks under ₹ 100 with high dividend yield of up to 3.8% to add to your watchlist
The Indian renewable energy sector is expected to grow at a CAGR of 10 percent between 2023 and 2028. In the long run, the sector is likely to be pushed by factors such as supportive government regulations, increased environmental consciousness, subsidies, and tax benefits for installing solar panels. The Ministry of New and Renewable Energy [...]
PSU Mining stocks with high ROE of up to 60% and dividend yield of up to 28% to add to your watchlist
The government recently announced an incentive of 25% of the approved project cost to companies to boost exploration of critical minerals. "This incentive will be provided through the National Mineral Exploration Trust and will help in the discovery of critical minerals in the country," said Union Minister of Parliamentary Affairs, Coal, and Mines, Pralhad Venkatesh [...]
DGCA takes up IndiGo incidents with P&W; engine maker’s service bulletin on second phase recall in 60 days
The second phase of Pratt & Whitney's engine recall will be covered by a service bulletin in two months, according to the aviation regulator DGCA, and the majority of engine removals are anticipated to take place in the first quarter of 2024. According to a note, the Directorate General of Civil Aviation (DGCA) also brought [...]
Mahindra Group stock jumps 5.5% after company signs MoU with Uttarakhand Govt
On Thursday this small-cap stock jumps more than 5% after the company signed a MoU with the government of Uttarakhand. The stock has delivered 47% returns in six months and 50% returns in YTD. The stock price has held at a high level because of strong and rising volume that is more than usual when [...]
Multibagger penny stock jumps 3.5% after company acquired 50% stake in a Tanzanian company
This penny cap stock rose 3.5% after the company entered into an MoU agreement and acquired 50% stake in Vivanta Drone Research Centre Tanzania Limited. Share price of Vivanta closed at Rs. 5.05 per share. It gained 3.5% in the market today to reach its intra- day high of Rs. 5.15 per piece. The stock [...]
NIFTY Makes New High at 20,103; Sensex Ends Higher for the 10th Day In a Row
The Sensex ticked higher for the tenth straight session on Thursday, supported by fag-end buying in oil & gas, metal, and commodity stocks amid a generally firm trend in global equities. The NSE benchmark Nifty increased by over 33 points to close at a new lifetime high of 20,103. The 30-share BSE Sensex increased 52.01 [...]
Indian Oil Companies Look to Use USD 600 Million of Stranded Income in Russia to Buy Oil
According to officials, Indian oil companies are looking into the possibility of using the nearly USD 600 million in dividend income that is currently stuck in Russia to purchase oil there. The top four oil companies in India, including Oil India Ltd., ONGC Videsh Ltd., and Indian Oil Corporation (IOC), a division of Bharat Petroleum [...]
Hotel stock announces buyback of shares at a 20% premium; Check the record date here
Shares of a hotel company were in the green after it announced a buyback of its shares. Its shares settled at ₹ 166.65 apiece on Thursday. According to an exchange filing by Sinclairs Hotels, the company’s shareholders have approved the proposal to buy back up to 15,20,000 equity shares of a face value of ₹ [...]
Ashish Kacholia stock jumps up to 15% after company acquires 26% stake in Tata Power Renewable Energy
This small cap stock owned by ace investor Ashish Kacholia zoomed 15% after the company acquired 26% in a SPV with Tata Power Renewable Energy Limited. Share price of XPRO opened at Rs. 950 levels and gained 15% to reach its 52- week high of Rs. 1080 levels. The stock returned 47.13% in the last [...]
Tata Motors To Set up Separate Sales Network for EVs
In order to provide a unique experience to customers choosing the environmentally friendly models, Tata Motors plans to establish a separate sales network for its electric passenger vehicles in the current fiscal year, according to a top company official. The Mumbai-based auto giant said it will begin experimenting with new outlets in some of the [...]
Steel stocks jump up to 17.5% following the ICRA report of steel demand surge by 13.1%
The Investment Information and Credit Rating Agency (ICRA) has revised its domestic steel demand projection for FY24 to 9-10 percent, Powered by the government's infrastructure-oriented growth model. The ratings agency had predicted 7-8 percent growth at the start of the fiscal year. Between FY2022 and FY2024, the domestic steel sector is predicted to grow at [...]
IT stock surges 5% after company signed a contract with AFC Commercial Bank
This small cap stock gained 5% after AFC commercial Bank signed a deal with the company’s commercial banking arm. The stock saw a good momentum in the market today. Share price of Intellect Design Arena opened at Rs. 675 levels and jumped 5% to reach its intra- day high of Rs. 705 levels. In the [...]
Aditya Birla Firm Grasim Industries to Enter Paint Industry Under “Birla Opus” Brand Name
On Thursday, Grasim Industries unveiled the brand name "Birla Opus" for its paints division. The flagship company of the Aditya Birla Group intends to invest Rs 10,000 crore in this division. According to a statement from the Aditya Birla group company Grasim Industries, Birla Opus will be introduced in Q4FY24 and will compete with other [...]
Penny stock hits 5% upper circuit after company bags an export order worth ₹ 5.1 Cr
This penny stock hit 5% upper circuit after it received an order worth Rs 5.1 Cr on Thursday. The stock price has held at a high level because of strong and rising volume that is more than usual when compared to the prior day and week. AA Plus Tradelink Ltd AA Plus Tradelink Ltd. is [...]
Nepal Imports 20 KMT of Sugar From India Ahead of Festive Season
Prior to the holiday season, Nepal is planning to import 20,000 metric tonnes (MT) of sugar from India, which will supply roughly 3,00,000 MT of the Himalayan nation's annual domestic demand. The Ministry of Industry, Commerce, and Supplies has requested the Finance Ministry to grant a customs waiver for the import of 60,000 MT of [...]
Stock jumps 4% after announcing partnership with Metra SpA to make coaches for Vande Bharat Trains
The share price of a metal company climbed 5.32 percent on Thursday’s early trades to touch a fresh 52-week high of ₹ 508.90 apiece on the National Stock Exchange (NSE) after it signed a technology partnership with Italy-based Metra SpA. According to an exchange filing by Hindalco Industries, the partnership aims to enable the production [...]
Debt-free PSU stock in green after LIC increases its stake in the company; Do you hold it?
Shares of this small-cap PSU stock are trading in the green after the Life Insurance Corporation of India (LIC) increased its stake in the company. Year-to-date, the company’s stock has soared more than 20 percent. With a market capitalization of Rs 10,255.11 crores, the stocks of Mahanagar Gas Limited opened their trading hour on Thursday [...]
FADA Seeks GST Cuts for Entry Level Two Wheelers by 1000 bps
The Federation of Automobile Dealers Associations requested on Thursday a drop in the GST rate for entry-level two-wheelers to 18%, claiming that the market has yet to fully recover from the COVID-19 pandemic's effects. Manish Raj Singhania, president of the Federation of Automobile Dealers Associations (FADA), said in a speech at the Auto Retail Conclave [...]
Auto sellers should also open vehicle scrapping facilities as well: Nitin Gadkari
On Thursday Union Road Transport and Highways Minister Nitin Gadkari said that dealers of automobiles should also open vehicle scrapping facilities. Addressing the fifth Auto Retail Conclave, Gadkari said the government is encouraging a circular economy, and accordingly the government will give permission to dealers to start vehicle scrapping facilities. He also noted that India [...]
Bank stock jumps 4% after company raises ₹ 2,000 Crores; Check the details
The share price of a banking company appreciated to the tune of 4.10 percent on Thursday’s early trades to reach an intraday high of ₹ 107.80 apiece on the National Stock Exchange (NSE). This happened after it announced that it had raised ₹ 2,000 crores. Bank of India is an Indian public sector bank with [...]
Green Energy stock jumps 3% after company commissions a hybrid power project; Check the details
Shares of this Green Energy stock under the ‘small-cap’ category jumped up to 3 percent on Thursday after the commissioning of a 7.80 Megawatt (MW) Wind-Solar Hybrid Power Project. With a market capitalization of Rs 3,033.27 crores, the stocks of KPI Green Energy Limited (KPIG) started their trading session at Rs 839.95 and currently trade [...]
IT stock jumps up to 2% after company launches a Cyber Defense Center overseas
The share of India's fourth-largest IT service company rose around 2 percent to Rs 443.25 apiece after the company announced the launch of its Cyber Defense Center (CDC) in Dusseldorf, Germany. At 12:50 p.m., On the National stock exchange, Wipro Ltd shares were trading at Rs 437.55 per share, up 0.41 percent from the previous [...]
Serentica partners with PFC for debt financing of Rs 2,600 Cr
On Thursday Serentica Renewables said it has tied up with PFC for a Rs 2,600 crore debt funding for its upcoming projects in Karnataka. The business is installing 400 MW of wind and solar capacity in Karnataka, where it has already obtained connectivity to the interstate transmission system (ISTS). "The debt funding...will accelerate our journey [...]
Naresh Goyal, the founder of Jet Airways, was sent to 14-day judicial custody in a bank fraud case
Naresh Goyal, the founder of Jet Airways, was ordered to judicial custody for 14 days by a court in this city on Thursday in connection with a money laundering case involving an alleged fraud of Rs 538 crore at the Canara Bank. The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of [...]
Adani established a joint venture to market green hydrogen in Japan
Adani Group on Thursday said it has formed a 50:50 joint venture with Japanese conglomerate Kowa Group for the sale of green hydrogen in Japan, Taiwan and Hawaii markets. A corporation led by billionaire Gautam Adani is investing up to USD 50 billion over the following ten years in the creation of an entirely integrated [...]
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