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Stock jumps 17% after receiving order worth ₹120 Cr from Lalithaa Jewellery Mart
Micro-cap gold ornament manufacturing stock is in focus after the company received an order worth ₹120 Crore for the supply of 22-carat gold Ornaments. Share Price Movement With a market capitalization of ₹125 Crore, the stock of Moksh Ornaments Limited opened at ₹13.55 same price as yesterday’s close, and after opening, it made an intraday [...]
Realty stock jumps 3% after SEBI approves IPO for its subsidiary
The shares of Bengaluru-based Real Estate Developer increased around 3.3% in today’s morning session after its wholly-owned subsidiary secured SEBI approval for Rs. 900 Crores IPO debut. Share Price Movement The shares of Brigade Enterprises Ltd, with a market capitalization of Rs 28,280.74 Crores, reached an Intraday high of Rs 1,202 per share and gained [...]
Paint stock jumps 5% after reporting 84% QoQ increase in net profits
The shares of the paint company specializing in offering a wide range of decorative and industrial coatings jumped upto 5.5 percent upon declaring Q3 results and generating profit with an 84 percent rise Quarter on Quarter (QoQ). Price action With a market capitalization of Rs. 2,20,001 crores on Tuesday, the shares of Asian Paints Limited [...]
Textile stock jumps 12% after reporting profit against loss of ₹15.20 Cr in Q3
Small-cap textile stock Jumped up to 12 % after posting their Q3 results and reporting a turnaround, with a ₹0.75 Cr profit from a loss in the previous year. Share Price Movement With a market capitalization of ₹834 Crore, the stock of Nahar Spinning Mills opened at ₹221 same price as yesterday’s close, and after [...]
NBFC stock jumps 10% after announcing its Q3 results
The shares of a Midcap NBFC based in Chennai gained around 7.5% after logging its highest-ever 9M disbursements of Rs 21,532 Crores and 19% growth in Assets Under Management of oRs 50,199 Crores. Share Price Movement The shares of Sundaram Finance Ltd, with a market capitalization of Rs 50,977.23 Crores, reached an Intraday high of [...]
Railway stock in focus after it plans to venture into shipbuilding and kavach systems
This Railway stock that deals in the business of manufacturing and selling Freight Wagons, Passenger Coaches, Metro Trains, and others were in focus after the company plans to diversify into Shipbuilding and Safety Systems. Share Price Movement With a market capitalization of Rs. 12,134.78 Crores, the shares of Titagarh Rail Systems Limited were down by [...]
Stock jumps 4% after receiving order from ISRO for Wind Profiler Radar
The shares of the Defence company specializing in the business of designing, developing, and maintaining wireless and satellite communication products jumped upto 4 percent upon receiving a work order from Satish Dhawan Space Centre – ISRO for Rs. 5.81 crores. Price action With a market capitalization of Rs. 3,111.13 crores on Tuesday, the shares of [...]
Bluechip stock jumps 5% after receiving orders worth up to ₹10,000 Cr from Middle East & North Africa
Bluechip stock which is one of the leading players in domestic and overseas Markets, for providing EPC Solutions across various sectors jumped upto 5 percent in the day’s trade upon receiving new work orders worth upto Rs. 10,000 Crores. Price Action With a market capitalization of Rs. 4,72,394 Crores, the shares of Larsen & Toubro [...]
PSU stock jumps after winning arbitration award worth ₹1,819 Cr
PSU power stock surged 2.5% following a favorable order from the Delhi High Court, which upheld an arbitration award of Rs. 1,819 crore. The positive ruling has boosted investor sentiment, reinforcing confidence in the company’s financial position and future growth prospects. Share Price The shares of NTPC Limited are currently trading at Rs. 318 up [...]
Tata group stock falls 5% after reporting ₹21 Cr loss against profit of ₹194 Cr pervious year
This Tata Group stock deals in the business of manufacturing and exporting basic chemistry and they are into specialty products was down by 5 percent after the company reported Q3FY25 results with net profit turned loss from profit year on year. Share Price Movement With a market capitalization of Rs. 23,283.45 Crores, the shares of [...]
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Govt vows a stable and predictable tax regime: FM. PTI MJH NKD CS NKD ABM ABM
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Total expenditure in FY23 estimated at Rs 39.45 lakh cr; total resources mobilisation to be Rs 22.84 lakh cr other than borrowing: FM. PTI DP ANZ DP MR MR
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Fiscal deficit at 6.9 per cent of GDP in 2021-22, 6.4 per cent in 2022-23: FM. PTI JD JD ANZ ABM ABM
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Top Editor’s Pick
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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
Microcap stock jumps up to 9% after company receives multiple orders worth ₹ 20.52 Cr
This micro-cap stock jumps upto 9% after the company received multiple orders. The stock has delivered 16% returns to the investors in past six months. The stock closed 16% blow the 52-week high. The company shares are currently, trading above the both 50-day and 200-day moving averages. Dhruv Consultancy Services Ltd Dhruv Consultancy Services Ltd [...]
Telecom stock in green after bagging orders worth ₹ 83 Cr to supply optical fiber cables
Shares of a telecom company gained 3.15 percent on Monday to reach an intraday high of ₹ 78.55 apiece on the National Stock Exchange (NSE) after it bagged orders to supply optical fiber cables to a telecom company. According to an exchange filing, HFCL Ltd. along with its material subsidiary, HTL Ltd. has received the [...]
Smallcap stocks in which JP Morgan funds holds up to 2.80% stake; Do you own any?
JPMorgan Chase is one of the oldest, largest, and most well-known banking firms in the world. JPMorgan Chase & Co., based in New York City, is an American multinational and universal bank and financial services organization. J.P. Morgan is a leader in investment banking, commercial banking, financial transaction processing, and asset management. According to the [...]
Akasa Finance Partners with Bestway Agencies to Provide Cost Effective Financing for 3W EVs
A strategic partnership between Bestway Agencies Private Limited (BAPL), a fully owned subsidiary of Greaves Electric Mobility Private Limited, and Akasa Finance Limited, a prominent financier of e-rickshaws in India, has been announced. This partnership represents a significant turning point for the electric three-wheeler market, enabling consumers all over India to adopt more cost-effective and [...]
Stock jumps 11% after company plans to acquire a 48.5% stake in Vortex Engineer Pvt Ltd
On Monday shares of this small-cap company rose up to 11% after the company plans to acquire a 48.5% stake in Vortex Engineer Pvt Ltd company. As a result of strong and rising volume that is higher than usual when compared to the previous day and week, the stock price has remained high. This stock [...]
Mutual Fund SIPs see Record High Inflows in August; Investors Pour Rs. 16k Crore
A trade group for the mutual fund industry reported on Monday that investors poured in a record Rs 15,813 crore in August via the systematic investments plans (SIPs) route provided by mutual fund players. The income- or debt-oriented schemes saw a net outflow of Rs 25,872 crore in August, according to the Association of Mutual [...]
FCI Sells 83% of Offered Wheat in 11th E-Auction; Rice Sales only at 3.5% of Offered Amount
As part of the Open Market Sale Scheme (OMSS) to control retail prices, the government-owned Food Corporation of India (FCI) sold 1.66 lakh tonnes of wheat and just 17,000 tonnes of rice from the central pool through the 11th e-auction last week. In order to keep cereal prices in check, the government announced last month [...]
Renewable Energy stocks jump up to 10% after India and US plan to invest $ 1 Billion in the sector
Post the G20 summit that took place a few days back, most of the stocks in the ‘Renewable Energy’ sector are in the green on Monday. Reportedly, India's National Investment and Infrastructure Fund and the U.S. Development Finance Corporation have given a letter of intent (LoI) for a “Renewable Infrastructure Investment Fund” with a contribution [...]
Maharatna stock jumps 3% after it plans to invest ₹ 25,000 Cr to achieve its net zero carbon emission
The shares of India's second-largest National E&P Company rose 3 percent to Rs 289.80 apiece after the company plans to invest Rs 25,000 crore in clean energy sources to achieve net zero carbon emission goals by 2040. At 1:45 p.m., On the National Stock Exchange, Oil India Ltd shares were trading at Rs 282.60 per [...]
PSU stock jumps 18% after it partners with Intel Corporation to launch its own laptop & micro PC
Shares of a small-cap company gained 18.24 percent on Monday’s afternoon trades to reach a fresh 52-week high of ₹ 147.15 apiece on the National Stock Exchange (NSE) after it announced that it has launched its branded laptop and micro PC ‘SMAASH’ in association with Intel Corporation. ITI Ltd is a Central PSU under the [...]
Looking substantially easing FDI regulations in the space sector: DPIIT secretary
A Top official said on Monday, The government is looking at further easing foreign direct investment (FDI) norms in the space sector to attract overseas players. Huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech. Secretary in [...]
Toll revenue of IRB Infrastructure increased by 24% to Rs 417 Cr in August
On Monday IRB Infrastructure Developers Ltd (IRB) said its revenue from toll collection rose by 24 per cent to Rs 417.2 crore in August 2023. Last year same month toll collection stood at Rs 336 Cr, IRB said in a statement. Out of its 13 tolls, IRB MP Expressway in Maharashtra contributed the major share [...]
Indian pharmaceutical business to experience 8–10% sales growth this fiscal year: Crisil
According to a report, The Indian pharmaceuticals industry is expected to log in revenue growth of 8-10 per cent in the current fiscal aided by steady domestic growth and increased exports to regulated markets, even as semi-regulated markets face headwinds. Crisil said on Monday that a study of 186 drug makers, which accounted for about [...]
The MoU between REC and PFC committed to stronger revenue in FY24 and FY25
CMD Vivek Kumar Dewangan said on Saturday, that REC has signed an initial pact with PFC committing higher revenue from operations in FY24 and FY25. The memorandum of understanding (MoU) has been signed as per the DPE (Department of Public Enterprises) Performance Evaluation System for FY24 and FY25 for Central Public Sector Enterprises, Dewangan told [...]
The IPO of Zaggle Prepaid Ocean Services will start on Thursday
On Thursday the initial share sale of fintech player Zaggle Prepaid Ocean Services Ltd will open for public subscription. As per the red herring prospectus (RHP) submitted on Friday, the three-day initial public offering (IPO) will end on September 18, with the bidding for retail investors beginning on September 14 and for anchor investors on [...]
Over 4% of the Rishabh Instruments stock rises on its first trade
On Monday shares of energy efficiency solution company Rishabh Instruments Ltd. listed with a premium of more than 4 per cent against the issue price of Rs 441. On BSE the stock started the trade at Rs 460, up 4.30 per cent from the issue price. It further climbed 6.49 per cent to Rs 469.65. [...]
In its market debut, Ratnaveer Precision shares increased nearly 31 %
On Monday against the issue price of Rs. 98 shares of Ratnaveer Precision Engineering Ltd jumped nearly 31 per cent in its debut trade. The company manufacturer and supplier of steel washers. The company's shares began trading at Rs 128 per share on the BSE, up 30.61 per cent from the issue price. Later, it [...]
Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details
This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week’s average and 4x the monthly average volumes. The stock has returned 34% in the last week and is currently locked in at Rs. 42.44 (+7.07), 17% above its 20 day and 200 day moving [...]
Ethanol stocks jump up to 7% after Modi launched the Global Biofuel Alliance in the G20 Summit
Sugar stocks jumped on Monday’s trade after Prime Minister Narendra Modi launched the Global Biofuel Alliance (GBA) on Saturday on the sidelines of the G20 Summit. The Indian government announced the Global Biofuel Alliance at the G20 Summit and urged nations to join the initiative with a plea to increase ethanol blending with petrol globally [...]
Largecap stock jumps more than 6% after promoter increases stake in the company; Check the details
Shares of this large-cap Adani Group stock jumped 6 percent after Promoter Entities increased their stake in the company. In the last six months, the stocks of this company have gained close to 30 percent. With a market capitalization of Rs 1.89 lakh crores, the stocks of Adani Ports & Special Economic Zone Limited started [...]
IT stock jumps 5% after company comments about performance and expansion plans
Shares of a company in the finance sector surged 5.25 percent on Monday's early trades to reach an intraday high of ₹ 2,593.95 apiece on the National Stock Exchange (NSE). This happened after the company’s meeting with investors and analysts. At 11:18 AM, its shares were trading at ₹ 2547.80 apiece. Computer Age Management Services [...]
Newly listed stock hits 5% upper circuit after it bags an order from Hindustan Petroleum Corporation
This S&P BSE SME IPO stock rose 5% within the first 15 minutes of market open on Monday after it bagged an order. The stock is seeing volumes that are in line with last week and monthly averages for the time being. It was listed in July 2023 with a a market cap of Rs. [...]
Glenmark plans to focus on free cash flow generation and debt reduction; Company eyes double-digit revenue growth in FY24
According to Chairman and Managing Director Saldanha, Glenmark Pharmaceuticals targets to grow its revenues by 10-11 per cent with a focus on free cash generation to reduce debt in the current financial year. The Mumbai-based pharmaceutical giant is also aiming to increase EBITDA margins while extending its reach into more therapeutic areas like dermatology and [...]
Energy stock jumps 7.6% after 3 Private equity investors plan to buy a stake in its subsidiary company
On Monday’s trade, the shares of India's largest energy company rose 7.6 percent to an all-time high of Rs 424.90 a share on reports that three private equity investors are in advanced talks to buy a minority stake in JSW Neo Energy. At 11:30 a.m., JSW Energy Ltd shares were trading at Rs 418.65 per [...]
Tata Group stock hits 52-week high after company partners with NVIDIA for AI Infrastructure
Shares of this large-cap Tata Group stock hit their 52-week high post announcing a partnership with NVIDIA, a global corporation manufacturing mobile technologies, graphics processors, and desktop computers. With a market capitalization of Rs 55,030.65 crores, the stocks of Tata Communications Limited, a large-cap stock under the Tata Group universe, opened their trading hour on [...]
Over the following two years, Grasim Textiles intends to open 100-120 retail locations in smaller cities
A senior official of the company said that over the next couple of years to expand its footprint in smaller cities and towns with around 100-200 retail stores will be open by the textile division of Grasim Industries. It anticipates a spike in demand for textile goods in the upcoming festive season. "We are optimistic [...]
India’s steel output increased by 5% between Jan and June; The trend expected to continue into the second half
According to SteelMint, In January-June 2023 India has produced 66.14 MT crude steel, reporting a 5 per cent YoY growth and the uptrend is likely to continue in second half of the year as well. The research firm said that 63 million tonnes of crude steel produceed by the domestic industry in January-June Period of [...]
For the seventh day in a row, markets are rising
On Monday, investors' optimism in the local markets helped equity benchmark indices extend their rally for the seventh straight day. Buying in key indexes The winning streak in the stock market was also boosted by Reliance Industries and Tata Consultancy Services. The 30-share BSE Sensex jumped 293.7 points to 66,892.61 in early trade. The Nifty [...]
India and Brazil will cooperate to work for the expansion of PTA with the Mercosur bloc
On Sunday, Brazil and India decided to cooperate in order to expand the India-Mercosur Preferential Trade Agreement (PTA) to further promote economic ties. An official statement said. Brazil, Argentina, Uruguay, and Paraguay make up the Latin American commercial bloc known as Mercosur. During their meeting here on the sidelines of the G20 Summit, Prime Minister [...]
Steel stock falls nearly 7% after promoters of the company look to sell 6.3% stake via OFS
Shares of an iron and steel company fell nearly 7 percent on Monday’s early trades to reach an intraday low of ₹ 436.60 apiece on the National Stock Exchange (NSE) after its promoters said that they would be selling a 6.3 percent stake in the company via an offer for sale (OFS). At 10:28 AM, [...]
Multibagger Green Energy stock jumps 14% after its subsidiary signs an agreement to develop a Solar Project
Shares of this multibagger stock under the mid-cap category rose around 14 percent on Monday after securing a Project to develop Solar Power. In the last month, the stocks of this company have soared more than 25 percent. With a market capitalization of Rs 28,491.02 crores, the stocks of SJVN Limited, a Public-Sector Enterprise, started [...]
Smallcap stock falls up to 18% after IDBI Trusteeship files insolvency plea against the company
On Monday’s early trade, the shares of India's largest cafe chain operator fell 18 percent to Rs 43.35 apiece after IDBI Trusteeship Services Limited filed an Insolvency and Bankruptcy plea against the company. At 10:30 a.m., Coffee Day Enterprises Ltd shares were trading at Rs 45.25 per share, down Rs 7.90 or 14.88 percent from [...]
Green Hydrogen stocks to keep an eye on after the world comes to India for the G20 Summit
Leaders of the world’s largest economies will be gathering in New Delhi, this week for the G20 Summit. Global investors are recognizing the potential of India's economic and industrial prowess, making several sectors attractive to them. Green hydrogen is produced by separating the hydrogen element from other molecules where hydrogen occurs. For example, water has [...]
Bluechip stocks with a high net profit CAGR of up to 32% in the last 5 years to add to your watchlist
Blue-chip firms are those that are well-established, financially robust and have outstanding reputations. Such organizations have maintained impressive imprints in the industry for many years. Net Profit 5-Year Compound Annual Growth Rate, or CAGR, is the compounded growth rate of a company's net profits over the course of five years. It helps in determining a [...]
Stocks to Buy: 6 Stocks to buy now that can deliver returns of up to 50%
The Benchmark Indices closed in the green on Friday with the Sensex gaining 333 points and closing at Rs 66,598.91, and, the Nifty 50 index rising around 93 points and closing at Rs 19,819.95. Having a positive outlook, congruent to the stock market movements during the last week, six stocks are listed below that one [...]
Penny stocks with high ROCE of up to 54% to keep an eye on
Return on Capital Employed (ROCE) is a profitability ratio that shows the company’s ability to efficiently utilize its capital, including both debts and equity. ROCE is determined by dividing earnings before interest and taxes (EBIT) by capital employed. In a ROCE calculation, capital employed refers to the total assets of the Company after all liabilities [...]
3 Ashish Kacholia stocks that have a high dividend yield of up to 3%; Are you holding any?
Ace investor Ashish Kacholia lets his portfolio speak for itself and is known for his absence from media cycles. Fondly called the ‘Big Whale’ by the media, he co-founded Hungama Digital with Rakesh Jhunjhunwala in 1999 and started building his own portfolio from 2003. As per the latest shareholding patterns of various companies, he publicly [...]
PSU stocks under ₹ 200 that are debt free to add to your watchlist
Stocks pertaining to Government-owned entities create a psychological impact pertaining to the company’s performance. Having a ‘zero’ debt enhances the chances of performing and paves the way to achieve the numbers. Listed below are three stocks of Public Sector Undertakings (PSUs) below Rs 200 that are debt-free: NBCC (India) Limited With a market capitalization of [...]
Stocks to Watch: 5 Stocks that will trade ex-dividend next week
Dividends are a portion of a company’s profits that they pay to their shareholders. They form an important part of one’s investing journey and can be a source of passive income. Here are a few stocks that will trade ex-dividend next week: MSTC Ltd MSTC undertakes trading activities, e-commerce and also disposal of ferrous and [...]
Smallcap chemical stocks with high Net Profit Margins of up to 42% to keep on your radar
The profit margin is the amount of money that remains after deducting all expenses. It is a percentage that demonstrates how successful a company's pricing strategy is, how well it can control expenditures, and how efficiently it uses raw materials to manufacture products or services. The net profit margin is the amount of profit earned [...]
Stocks in LIC’s portfolio that are trading at a discount of up to 45% to keep an eye on
The Life Insurance Corporation of India (LIC) has invested in a wide range of companies over the years with its portfolio companies involved in a wide range of sectors. Listed below are three stocks in LIC’s portfolio that are at a discount of up to 45 percent from its 52-week high: Alkem Laboratories Limited With [...]
₹ 8.13 to ₹ 1904: Multibagger stock turns ₹ 1 Lakh to ₹ 2.34 Cr in just 11 years
Stylam Industries Ltd shares closed on September 8 at Rs 1,904.85 per share, up 0.95 percent from the previous close price of Rs 1,885.40, with a market capitalization of Rs 3,228 crores. According to Bombay Stock Exchange data, the stock has delivered multibagger returns of about 23,329 percent over an 11-year period, spanning from Rs [...]
Stock hits 5% upper circuit after company announces to launch RuPay Forex Card Pilot with UAE
This S&P BSE Smallcap stock rose 5% on Friday within the first hour of markets opening after it announced a a new product launch in partnership with National Payments Corporation of India (NPCI) with volumes that were 1.75x yesterday’s as well as weekly average volumes. The stock rose 6.2% above its 20 day moving average [...]
REC receives approval from shareholders to increase total borrowing limits to Rs 6 lakh cr
In the 54th annual general meeting held on Wednesday, State-owned REC Ltd has received approval from shareholders to increase the overall borrowing limit of the company from Rs. 4.5 lakh crore to Rs. 6 lakh crore. "All the resolutions as set out in the Notice of 54th AGM, including addendum thereof, have been duly approved [...]
Tata Group stocks that have planned Big Capex of up to ₹ Rs 12,000 Cr to keep on your radar
The Tata Group is India's largest conglomerate. Tata Companies' combined revenue in 2022-23 was $150 billion (INR 12 trillion). The group operates in over 100 countries across six continents. As of July 31, 2023, there are 29 publicly traded Tata firms with a total market value of $300 billion (INR 24 trillion). Here are three Tata [...]
Together, NTPC Green Energy and V O Chidambaranar Port Authority to develop a hydrogen hub in Tamilnadu
To develop a hydrogen hub at Tuticorin in Tamilnadu, NTPC Green Energy Ltd (NGEL) and V O Chidambaranar Port Authority (VOCPA) have joined hands. NTPC said in a statement that both entities signed a Memorandum of Understanding (MoU) in this regard on Friday. At the hub that will be constructed on the land supplied by [...]
NBFC stock jumps 3.5% to reach 52-week high after FII increases stake in the company
This large cap stock jumped 3.5% and reached its 52- week high after FII increased their existing stake in the company. The stock saw a strong movement in the market today. Share price of Shriram Finance Limited closed at Rs. 1955 levels. The stock gained 3.5% to reach its 52- week high of Rs. 1959.95 [...]
Multibagger Power stocks jump up to 13% to reach a record high; Check here to know why
Shares of power generation and power finance companies were in focus on Friday and they rallied up to 12 percent amid high volumes on rising demand. NTPC (up 4.06 percent), Tata Power Company (up 4.85 percent), REC (up 11.10 percent), and Power Finance Corporation (up 12.89 percent) were some of the top gainers. Experts believe [...]
Newly listed stock jumps up to 19% after company announces partnership with Mahindra
This S&P BSE Smallcap stock rose 19% halfway through the markets open on Friday after it announced a partnership with Mahindra & Mahindra Ltd with volumes that were 22x yesterday’s as well as weekly and monthly average volumes. The stock closed 0.7% above its 20 day moving average and 1.5% above its 200 day moving [...]
Railway stock jumps up to 7% after company receives catering rights from the Ministry of Railways
Shares of a railway company witnessed a 7 percent spike to reach an intraday high of ₹ 758.00 apiece on the National Stock Exchange (NSE) after the Ministry of Railways authorised it to cater on full-tariff coaches or trains. Its shares settled at ₹ 724.90 apiece. "Party will book catering facilities in such special coaches [...]
Stock markets rose for the sixth day in a row due to investments in HDFC Bank, L&T, and RIL
On Friday, the index heavyweights HDFC Bank, Larsen & Toubro, and Reliance Industries all saw their shares rise, helping the benchmark BSE Sensex increase its gains by another 333 points and extend its winning streak to six sessions in a row. The BSE Sensex increased 333.35 points or 0.50 per cent to close at 66,598.91, [...]
With Special Edition Hydra bottles Borosil is ‘proud’ to fuel Team India
Borosil is proud to provide Indian athletes and supporters with special edition Hydra Bottles at the Asian Games in 2022. Borosil is India's top glassware and kitchenware brand and one of the sponsors of the Indian Olympic Association. After the official Indian team uniform for the Asian Games was unveiled at the departure ceremony for [...]
Bluechip stock in green after company collaborates with US chipmaker giant Nvidia
Shares of India’s largest listed company surged nearly 1% today after it announced its collaboration with US Chipmaker giant to generate AI apps in India. Share price of Reliance Industries opened at Rs. 2440 levels and gained over 1% to reach its intra- day high of Rs. 2456 per share. The stock is currently trading [...]
RBI decides to discontinue the incremental CRR in a phased manner
The Incremental Cash Reserve Ratio (I-CRR), which was implemented to absorb excess liquidity following the withdrawal of Rs 2,000 currency notes, would be phased out starting on Saturday, the Reserve Bank announced on Friday. The RBI ordered banks to maintain a 10% incremental cash reserve ratio (I-CRR) on the growth in their net demand and [...]
By the end of FY24, Titan will launch nine new Tanishq stores in Gujarat
A top company official said on Friday that Tata Group's Titan Company plans to open nine new stores of its jewellery brand Tanishq in Gujarat in the coming months, taking the number of stores to 28 in the state by the end of this fiscal. Managing Director of Titan Company Ltd C K Venkataraman said [...]
Stock recognised by PM Modi hits 5% upper circuit after Gov approves financial support of ₹ 6 Cr
This IT stock hit its upper circuit at 5% in today’s trading session after it received Rs. 6 crore as a strategic support from the Technology Development Board (TDB). Share price of Eco Recycling opened at Rs. 192 levels and hit its upper circuit at 5% to Rs. 196.80 per share. The company has grown [...]
Stock falls up to 4% after 35 Lakh shares of the company changed hands through block deal
On Friday this-small cap stock fell up to 4% after 35 lakhs shares changed hands. This stock has delivered 25% returns in six months and 15% returns in one year. A block deal refers to a transaction in which more than 5 lakh shares of a particular business listed on the exchange, or shares worth [...]
Railway stocks jump up to 9% on speculations of a Gulf-Arab rail network deal announcement
PM Modi, the US President, and leaders of the Gulf states are reportedly planning to announce a joint infrastructure agreement during the “G20” summit to be held this weekend. The plan mainly aims at establishing a network of railways connecting Gulf and Arab countries. The same will also lead to an increased connectivity of India’s [...]
Multibagger stock jumps up to 20% after company proposes to raise funds; Check the details
Shares of a company in the power sector soared nearly 20 percent on Friday’s early trades to reach a new record high of ₹ 151.60 apiece on the National Stock Exchange (NSE). This happened amid its plans to raise funds. At 01:54 PM, its shares were trading at ₹ 146.40 apiece. Transformers and Rectifiers (India) [...]
Baking Industry is Expanding; General Mills India doubles Pillsbury production to meet demand
With a groundbreaking ceremony for its new facility in Nashik, Maharashtra, General Mills India, a subsidiary of Fortune 500 packaged food company General Mills Inc., marks a significant accomplishment. This celebration honors General Mills' growing presence in India. By August 2024, operations at the facility, which will serve as the hub for producing Pillsbury Baking [...]
Ashok Leyland Plans to Have Models With Alternate Fuel Options in 3-5 years
According to its Chairman Dheeraj Hinduja, commercial vehicle giant Ashok Leyland intends to introduce its entire product line with alternative fuel options over the next three to five years to cater to various customer groups. The second-largest producer of commercial vehicles in the nation, the Hinduja group flagship, also has expansion plans for the international [...]
India Very Important for Manufacturing in Future: Iphone Maker Foxconn Chairman
Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn), recently added his voice to a growing chorus of voices around the world endorsing the nation's bold moves to position itself as an electronics and high-tech production powerhouse. He stated that India will be a significant country in terms of manufacturing in the future. [...]
SEBI Disposes Adjudication on Alleged Violation of Mutual Fund Norms by LIC
SEBI on Thursday disposed of adjudication proceedings against state-owned LIC with respect to alleged violations of mutual fund norms. The case pertained to the insurer's shareholding in IDBI Mutual Fund. In a 12-page order, SEBI said the alleged violation on part of LIC is to be viewed in the context of the efforts taken by [...]
Reliance owned stock jumps up to 4% after company wins media rights for ISL for next 2 years
This small cap media stock rallied 4% in Friday’s trading session after Viacom18, run by Reliance Industries, acquired media rights for Indian Super League for the next two years. Share price of TV18 broadcast opened at Rs. 48.85 per share and gained more than 4% to reach its intra-day high of Rs. 50.60 apiece. The [...]
Small cap stock jumps up to 10% after company receives CRISIL A rating
With a market valuation of Rs 6,193 crore, the footwear brand's shares climbed 10 percent to Rs 461.90 per share on Friday after CRISIL assigned the rating. At 1:10 p.m., Redtape Ltd shares were trading at Rs 447.10 per share, up Rs 28.05 or 6.68 percent from the previous close price on the Exchange. The [...]
Defence stock jumps up to 17% after company enters into an agreement with the US Government
This mid-cap stock jumps up to 17% after entering into an agreement with US government on Friday. The stocks currently trading 10% below the 52-week high. Because of the strong and rising volume, which is higher than usual when compared to the previous day and week, the stock price has held at a high level. [...]
Tata Group stock jumps 4% after 52.5 Lakh shares of the company exchange hands
Shares of this stock under the Tata Group universe are trading in green and zoomed around 4 percent post reports covering a large Block Deal pertaining to the shares of the company. Year-to-date, the company’s stock has soared close to 32 percent. With a market capitalization of Rs 87,568.28 crores, the stocks of Tata Power [...]
EV stock jumps 3% after company reports 48% increase in sales in the month of August
The shares of the leading manufacturer of electric vehicle gained 3 percent to Rs 44.20 apiece after the company announced 48 percent increase in sales growth in August. At 12:38 p.m.,Wardwizard Innovations & Mobility Ltd shares were trading at Rs 43.82 per share, up 2.17 percent from the previous close price on the Exchange. The [...]
Pharma stock falls more than 3% after company gets involved in a US lawsuit; Check the details
This small cap pharma stock slumped 4% in the first half on Friday after the company announced its involvement in an antitrust lawsuit in the US by Louisiana Health Service & Indemnity Company regarding pomalidomide, also known as pomalyst. Share price of Natco opened at Rs. 914 levels and lost more than 4% in the [...]
Stock to Buy: Fundamentally strong large cap stock gets a buy call for an upside of 36%
The shares of one of the largest conglomerates in India were trading at ₹ 2431.65 apiece on Friday after multiple brokerages upped the scrip’s target price. Reliance Industries is a Fortune 500 company and has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. [...]
Monopoly stock in Ashish Kacholia’s portfolio that delivers multibagger returns of 131% to keep an eye on
Shares of a monopoly stock in Ashish Kacholia’s portfolio have delivered multibagger returns of 131 percent in the past six months, as its share price increased from ₹ 608.35 to ₹ 1,403.80 apiece. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares six months ago, the value of their holdings would [...]
Multibagger Chemical stocks under ₹ 300 with low debt to add to your watchlist
Retail investors are on continuous watch for stocks that could aid them in generating substantial returns and are within the buying range. Listed below are two multibagger chemical stocks under Rs 300 that have reported low debt over the past couple of financial years: Vikram Thermo (India) Limited With a market capitalization of Rs 360.46 [...]
The issue size of RR Kabel’s initial public offering was reduced to Rs 180 crore: Open on September 13
On September 13, RR Kabel Ltd. will open for public subscriptions for its inaugural share offering. The business has also chosen to reduce the size of its fresh issuance to Rs 180 crore. On September 15, the TPG Capital-backed wires and cables maker will complete its Initial Public Offering (IPO), which also includes an Offer [...]
Exide Industries invests over Rs 100 crore in the production of advanced chemistry battery cells
On Thursday Battery maker Exide Industries Ltd said that in its wholly-owned arm Exide Energy Solutions Ltd it has invested over Rs. 100 crore, which is into manufacturing of advanced chemistry battery cells. It made the investment by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL) on a rights [...]
Fundamentally strong stocks that delivered multibagger returns of up to 400% in a yr; Do you own any?
Small-cap stocks are those stocks that have a market capitalization below ₹ 16,800. While they are risky to invest in, as compared to mid-cap and large-cap stocks, some of them turn out to have good metrics and tend to deliver multibagger returns. Here are a few fundamentally strong small-cap stocks that delivered multibagger returns in [...]
Vision aims to be one of the top 10 global players in CV: Ashok Leyland
On Thursday Hinduja group flagship Ashok Leyland said that it's aiming to be among the top 10 global commercial vehicle manufacturers in the near future. The heavy commercial vehicle maker is looking at exploring newer markets. According to the company chairman Dheeraj. For the company's 75th anniversary celebrations, top Ashok Leyland representatives were present. "You [...]
Large cap stock jumps 6% after company announced record date for 1:4 bonus issue
This NBFC stock gained 6% after the company announced bonus shares in the ratio of 1:4. The state owned company was earlier a Navaratna which was raised to Maharatna on 12 October 2021. Share price of Power Finance Corporation closed at Rs. 272.90 per piece and traded 6% higher to reach its intra- day high [...]
Auto Ancillary stock jumps 8% after acquisition for establishment of renewable power plants
Shares of this small-cap auto ancillary stock jumped 8 percent after entering into a Power Purchase Agreement to acquire a stake of 26 percent each in a couple of special purpose vehicles (SPVs). In the last month, the company’s stock has moved close to 31 percent. With a market capitalization of Rs 6,773.02 crores, the [...]
IPOs that outperformed and delivered up to 71% returns since listing, In spite of low subscriptions
The year 2023 has seen 20 companies come up with their initial public offering (IPO), so far, and another three are in the pipeline. All the twenty listings so far have delivered positive returns to investors. The most successful listing this year has been of Cyient DLM, a demerged entity from Cyient. The company has [...]
Midcap Steel stock jumps 6% after CCI approves acquisition deal; Announces dividend
This S&P BSE 500 rose 6.3% on Thursday within the first hour of market open after the Competition Commission of India approved its acquisition. The stock has been on an uptrend since June 2022 with its 200 day moving average as support, currently 7% above its 20 day moving average and 9% above its 200 [...]
Jupiter Life IPO received 3.30 times as many subscriptions on day two of offer
On day two of bidding on Thursday, The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 3.30 times. According to NSE data, The IPO received bids for 2,80,31,300 shares against 84,97,169 shares on offer. 6.63 times was subscribed in the portion for non-institutional investors, the quota for Retail [...]
In India unlikely to cause sugar shortages by El Nion: NFCSF
The domestic supply of the sweetener is not anticipated to be "adverse" in the 2023–24 season, according to the sugar cooperative NFCSF, which on Thursday dispelled rumours of a potential scarcity in the nation as a result of El Nino. Sugar season runs from October to September. The crushing process for 2023–24 has not yet [...]
Anupam Rasayan appoints Goppal Agrawal as CEO
On Thursday Speciality chemicals manufacturer Anupam Rasayan India said it has appointed Gopal Agrawal as the Chief Executive Officer (CEO) effective from September 11. Agrawal, a chartered accountant, previously held the positions of managing director and head of Edelweiss' investment banking division. "With his extensive experience and a proven track record in the financial and [...]
Stock jumps 4% after company receives orders worth ₹ 625.21 Cr from Hindustan Zinc and Vedanta
The share price of a construction company appreciated to the tune of 4 percent on Wednesday’s trades to reach an intraday high of ₹ 4,187.90 apiece on the National Stock Exchange (NSE). This happened after the company bagged orders worth ₹ 625.21 crores. Its shares settled at ₹ 4,110.10 apiece. Power Mech Projects is an [...]
Mid cap stock jumps 4.5% after company bags a contract from Ayana Renewable Power
This energy stock jumped 4.5% after it won a contract from Ayana Renewable Power for their upcoming power plant in Bikaner, Rajasthan. Ayana is one of the leading independent power producers in the country. Share price of Hitachi Energy closed at Rs. 4485 levels and gained 4.5% in the market today to reach its intra- [...]
Auto stock hits 5% upper circuit after company reports strong production and sales growth
This S&P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023. The stock has been on an uptrend since April 2023 and currently locked in 6% above its 20 [...]
Penny stock hits upper circuit after company’s board approves raising ₹ 90 Crores via QIP
The shares of a global leader in LED display production locked around 2 percent upper circuit on Thursday’s early trade after the company board approved to raise funds through Qualified Institutions Placement. At 11:15 p.m., MIC Electronics Ltd shares touched around 2 percent upper circuit of Rs 31 apiece on the National Stock Exchange, and [...]
ONGC would invest Rs 15,000 crore in OPaL and edge out GAIL to take control petchem company
As part of a financial restructuring initiative, the state-owned Oil and Natural Gas Corporation (ONGC) will invest around Rs 15,000 crore in OPaL, pushing the gas utility GAIL out of the petrochemical company. ONGC currently holds a 49.36 per cent stake in ONGC Petro-additions Ltd (OPaL), which operates a mega petrochemical plant at Dahej in [...]
Stock markets increase for a fifth day: Sensex returns to 66K
On Thursday equity benchmark Sensex jumped over 385 points to reclaim the 66,000 mark, propelled by strong buying in index majors HDFC Bank, L&T and SBI amid a weak trend in global equities. Trader said a decline in crude oil prices in the international market also supported the domestic equities. The BSE Sensex gained for [...]
Industry exports will talk about increasing demand and exports at the Global Stainless-Steel Expo next week
At the Global Stainless-Steel Expo 2023, more than 500 stainless steel industry stakeholders from India and overseas are anticipated to discuss the potential in the sector. The three-day Global Stainless-Steel Expo 2023 (GSSE 2023) will take place in Mumbai the following week, according to a statement released on Wednesday by the event's organizer, Virgo Communications [...]
Defence stock jumps 10% after company sets record date for dividend; Check the details
Shares of this defence stock jumped 10 percent in Thursday’s trading session after announcing the Record Date for the purpose of payment of the Final Dividend for FY22-23. With a market capitalization of Rs 42,107.83 crores, the stocks of Mazagon Dock Shipbuilders Limited closed at Rs 2,087.75 on Thursday, gaining around 10 percent compared to [...]
FII’s invest up to ₹ 13,147 Crores in these 3 sectors in August; Are you invested in any?
Domestic benchmark indices ended the month of August in the red. The BSE Sensex fell 1,696.26 points, or 2.55 percent, and ended the month at 64,831.40. Similarly, the NSE Nifty 50 fell 500 points, or 2.5 percent, to 19,253.80. Despite the fall in the index, Global investors are looking at India as an attractive investment [...]
Domestic aviation air passenger traffic increase by 8 to 13% this fiscal year: Report
On Thursday credit rating agency ICRA said that domestic air passenger traffic is likely to grow 8-13 per cent in the current fiscal and the aviation industry is also expected to trim the losses further. Icra, in its mid-year update on Indian aviation, also maintained a "stable outlook" on the industry, amidst the continued recovery [...]
Iron ore will be provided by Vale International to Essar’s steel project in Saudi Arabia
A green steel project in Saudi Arabia will receive iron ore from the world's largest mining company, Vale International, the Indian firm said in a statement on Thursday. Essar had previously inked a pact with Bahrain Steel for the supply of DR-grade pellets for the project. The company said in a statement that with the [...]
Balrampur Chini optimistic about growth and government push on ethanol
Due to the favourable conditions for increased sugar output and the government's push for ethanol, Balrampur Chini Mills Ltd is optimistic about maintaining its strong double-digit growth, a senior company official said. The government's stress on the renewable fuel is helping the company to diversify significantly into energy, the official said. Avantika Saraogi said the [...]
Stocks in which Zerodha holds a stake of up to 1.26%; Are you holding any?
Zerodha Broking is India's largest stockbroker and is credited with pioneering the discount broking strategy in the country. Zerodha is India's most technologically advanced stock broker and It has created a variety of trading software for its clients. As per corporate shareholdings filed as of June 30, 2023, Zerodha Broking publicly holds 3 stocks with [...]
SBI Mutual Fund accepts to invest in Nazara Technologies of Rs. 410 crore
The largest mutual fund in the nation, SBI MF, has agreed to invest Rs 410 crore in Nazara Technologies by subscribing to its preferential allotment of stock through private placement, the company announced on Thursday. The gaming and sports media platform said the shares carry a face value of Rs 4. In a preferential issuance [...]
IT stock hits 5% upper circuit after announcing acquisition of Interact DX; Proposes dividend
Shares of this small-cap IT stock hit the 5 percent upper circuit after the acquisition of a leading digital entertainment platform. In the last one week, the company’s stock has gained over 20 percent. With a market capitalization of Rs 2,942.77 crores, the stocks of Aurionpro Solutions Limited opened their trading hour at Rs 1236.45 [...]
IT stock jumps 3% after signing a multi year agreement with industry giant Siemens
This IT Stock jumped 3% in Thursday's trading session and reached its 52- week high in no time after signing an agreement with German Technology and manufacturing company Siemens. The stock saw a strong movement in the market today. Share price of HCL Tech opened at Rs. 1238 levels and gained nearly 2% to reach [...]
Large cap PSU stock gets a buy call for an upside more than 45%; Do you hold it?
The share price of India’s largest domestic institutional investor (DII) gained nearly 5 percent after a brokerage shared a target with a huge upside. At 12:44 PM on Thursday, its shares were trading at ₹ 677.95 apiece. The Life Insurance Corporation of India (LIC) is India’s largest DII and insurance provider. It has a market [...]
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