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Market leader stock jumps 5% after receiving order worth ₹40 Cr for mobile storage cascades
Mid-cap stock which is the market leader in manufacturing of polymer-based products jumped up to 5 % after receiving an order for the supply of type IV cylinders from a PSU company. Share Price Movement With a market capitalization of ₹8,896 Crore, the stock of Time Technoplast opened at ₹387.30 up 3.45 % from yesterday’s [...]
Stock under ₹200 jumps 10% after company’s net profit increases by 31% YoY; Announces 190% dividend
The shares of the oil company specializing in the business of manufacturing and marketing of automotive and industrial lubricants jumped upto 10 percent upon declaring Q3 results and declaring a Dividend of 190 percent on its Face value. Price action With a market capitalization of Rs. 17,472 crores on Tuesday, the shares of Castrol India [...]
Waste management stock jumps 10% after BMC to introduce solid waste management user charges
This Waste Management stock deals in the business of power sweeping of roads, collection and waste transportation, projects on waste to energy undertaking construction, O&M of waste management in Mumbai was up by 10 percent after the reports on BMC to introduce Solid Waste Management Charges Share Price Movement With a market capitalization of Rs. [...]
Semiconductor stocks in focus after Govt announces ₹26,000 Cr PLI scheme
As per sources, India's semiconductor sector is poised for significant growth, projected to expand from $52 billion in 2024 to $103.4 billion by 2030, at a CAGR of 13%. This growth is driven by key industries such as mobile handsets and automotive, with the government investing over ₹76,000 crore to enhance domestic manufacturing capabilities. The [...]
Infra stock falls 12% after reporting disappointing Q3 results
The shares of Infrastructure developer engaged in the road and water sectors fell as much as 12% in today’s morning session after reporting disappointing Net profits for this quarter. Share Price Movement The shares of Welspun Enterprises Ltd, with a market capitalization of Rs 7,805 Crores, fell as much as 12% marking an Intraday Low [...]
Cable stock falls 3% despite reporting strong Q3 results
A power stock recently in focus, following its Q3 results, boasts a strong order book of Rs 37,440 crore. Despite this robust backlog, its market capitalization stands at Rs 20,600 crore, reflecting a notable gap between its order potential and current market valuation, attracting investor attention. Share Price The shares of K E C International [...]
FMCG stock jumps 4% after company’s net profit increases by 40% YoY
The shares of the FMCG company specializing in manufacturing and selling stationery and art supplies jumped upto 4 percent upon declaring Q3 results and generating profit with a 40 percent rise Year on Year (YoY). Price action With a market capitalization of Rs.15,464 crores on Tuesday, the shares of Doms Industries Limited jumped upto 4 [...]
Telecom stock in focus after announcing its Q3 results and anti dumping duty exemption
This Telecom stock dealing in the business of infrastructure related to telecom and enabler with active interest focused on telecom infrastructure development, integration of systems, and supply and manufacturing of high-end telecom equipment, Optical Fiber, and others in focus after the company reported Q3FY25 results and exempted from anti-dumping duties. Share Price Movement With a [...]
Defence stock jumps 12% after reporting 51% YoY increase in net profits
Small-cap defence stock specializing in aerospace engineering solutions is in focus after it jumped up to 12% after announcing its Q3FY25 results, with robust growth in its net profit. Share Price Movement With a market capitalization of ₹1,030Cr, the stock of Sika Interplant Systems opened at ₹2,500, up 8% from yesterday’s close, and after opening, [...]
Power stock in focus after announcing their Q3 results, Dividend, Capex and expansion plans
PSU stocks surges 3.8% from their intraday low, driven by robust capital expenditure plans and encouraging Q3 results. Strong efforts towards expanding infrastructure and enhancing grid reliability, coupled with positive financial performance, sparked investor confidence, leading to a significant rebound in share price. Share Price The shares of Power Grid Corporation Limited are currently trading [...]
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In 2022-23, states will be allowed fiscal deficit of up to 4 pc of GSDP: FM. PTI NKD MJH CS NKD MR MR
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Rs 1 lakh crore financial assistance to states to be provided in 2022-23 to catalyse investments, says FM. PTI ANZ JD ABM ABM
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Proposed to introduce Digital Rupee by RBI using blockchain technology, starting 2022-23, says FM. PTI JD ANZ MR MR
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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
India Removes Additional Duties on Certain US Soft Commodity Products
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminum products. India had imposed these duties on 28 US products in 2019 in retaliation to the US' move. The finance [...]
DCM Shriram’s Bioseed Collab with Arya.ag for Data Driven Insights
Bioseed, the hybrid seed business of DCM Shriram Ltd, on Thursday announced a collaboration with grain commerce platform Arya.ag to harness latest technology to get data-driven insights into seed performance across diverse agro climatic zones. Arya.ag's innovative satellite surveillance and Artificial Intelligence product 'Prakshep' will be deployed across Bioseed's network of subscribed farmers. Bioseed said [...]
Alcohol stock jumps 5% after company’s board appoints Mr. Vivek Gupta as MD & CEO
On Thursday, this mid-cap stock jumps more than 5% after the board appointed Mr. Vivek as MD & CEO. The stock has delivered a 13% return in six months. Strong and rising volume that is higher than usual when compared to the previous day and week has kept the stock price at a high level. [...]
Hotel stock jumps 3% as company acquires a luxury hotel in Shimla under its brand name
This hospitality stock surged nearly 3% after it signed a license agreement for a 48 room property. The new hotel is an addition to two operational hotels and four upcoming properties in Himachal Pradesh. Share price of Lemon Tree opened at Rs. 109.45 per piece and gained almost 3% and reached its intra- day high [...]
REC AGM: Company To Increase Green Projects to Rs. 3 Lakh Crore
State-owned REC Ltd Chairman and Managing Director Vivek Kumar Dewangan on Wednesday stressed on the commitment to increase its loan book of green projects by ten times to more than Rs 3 lakh crore by 2030. Dewangan chaired the annual general meeting on Wednesday, which was attended by all directors on the board of the [...]
Competition Commission of India Issues Draft for Amended Norms
Fair trade regulator CCI has issued draft rules pertaining to the value of transactions for combinations under the new competition law. Earlier this year, various provisions of the Competition Act were amended. As per the draft norms issued by the Competition Commission of India (CCI), the value of transaction shall include "every valuable consideration, whether [...]
Power Minister: Transnational Grid Will Make Round The Clock Energy Cheaper
Setting up a transnational grid interconnection system will make round-the-clock (RTC) clean energy supply cheaper and reduce the dependence on storage, Union Minister of PowerR K Singh said on Wednesday at a conference on 'Transnational Grid Interconnections for One Sun, One World, One Grid (OSOWOG)'. The initiative aims at connecting energy supply across borders. Special [...]
Smallcap stock jumps 18% after securing an order from Indian Railways; Check the details
Shares of this multibagger stock under the ‘small-cap’ category spiked 18 percent on Thursday after securing an order from Indian Railways. During the last month, the company’s stock rose more than 40 percent. With a market capitalization of Rs 8,039.41 crores, the stocks of Responsive Industries Limited started their trading session on Thursday at Rs [...]
Qatar Investments Acquire Stake in Reliance Industries for Rs. 8,278 crore
Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1% stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group. As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in [...]
Bulk deal: Power stock hits 5% upper circuit after 5 Cr shares changed hands
This small-cap stock hit ~5% upper circuit after a bulk deal. The stock has delivered 41% returns in one year. Both the 50-day and 200-day moving averages of the stock are currently trading above them. In the stock market, a bulk transaction is one in which the total number of shares purchased or sold exceeds [...]
Airtel, Nokia Maker – HMD Global & IDEMIA Partner to Bring Digital Rupee to Feature Phones
Airtel Payments Bank, identity technology company IDEMIA and Nokia brand phone maker HMD Global have joined hands to bring Central Bank Digital Currency on feature phones in India, a joint statement said on Wednesday. All three organizations would be working together to introduce an advanced offline payment system over the next few months that would [...]
Stocks to Watch: PSU stocks climb up to 85% after PM Narendra Modi’s speech in Lok Sabha
During a no-confidence motion debate in the Parliament, Prime Minister Narendra Modi took a dig at the opposition parties, who criticised his government for not handling the PSU companies in an appropriate manner. In response, PM Modi said that despite superficial criticism of his government on PSU companies, PSUs are delivering robust numbers and are [...]
Penny stock hits 5% upper circuit after company receives an order worth ₹ 14.7 Cr from NHAI
The shares of the leading Infrastructure company touched a 5 percent upper circuit after the company bagged Projects worth Rs. 14.7 crores from NHAI. In Thursday's early session, Artefact Projects Ltd shares hit a 5 percent upper circuit of Rs 52.50 a share on the Bombay Stock Exchange. The company has a market valuation of [...]
Smallcap stock jumps up to 5% after FII buys 4.54 Lakh shares in the company
This NBFC stock gained 5% in the first half of the market today as SmallCap World Fund Inc. buys 0.57% stake in the company for Rs. 75 crore. The identity of the seller is yet to be known. Share price of Aavas Financiers opened at Rs. 1654.95 per share and traded nearly 4% higher to [...]
Multibagger IT stocks that have a high ROE and ROCE to keep an eye on
Expecting a bullish run in the Indian stock market, various investor classes are on a continuous watch for stocks that have the potential to provide good returns on their money invested. Listed below are three stocks engaged in the ‘Information Technology’ (IT) industry that have high profitability ratios, viz, high return on equity (RoE) and [...]
Multibagger Metal stocks with ROE of more than 25% to add to your watchlist
Return on equity (RoE) and return on capital employed (RoCE) are the two most popular metrics that are tracked by various analysts and institutions as they lead to an amount investors get on their respective investments. Listed below are two multibagger Metal stocks that have reported a return of equity (RoE) of more than 25 [...]
Auto stocks with PE ratio less than the industry average to keep on your radar
India is a well-recognized Automobile manufacturing hub worldwide due to cheap labor, easy availability, and low cost of raw materials, which are the factors driving the manufacturing Industry. India is the world's fourth largest producer of automobiles, with an annual production of more than 4 million vehicles. The automotive market in India was valued at [...]
The majority stake in kids’ clothing company Ed-a-Mamma promoted by Alia Bhatt is acquired by Reliance Retail
In a joint venture, Reliance Retail has acquired a 51% share in the Ed-a-Mamma children's and maternity clothes line, which is promoted by Bollywood actress Alia Bhatt. Reliance Retail Ventures Ltd (RRVL), the holding company for Reliance Industries Ltd (RIL), the business empire of billionaire Mukesh Ambani, stated in a statement that it seeks to [...]
China Real Estate crisis – A Deja Vu of 2008 financial crisis or a Different Challenge?
The year 2023 was supposed to be China's economic comeback year, but lately, the world’s 2nd largest economy has been experiencing a fall after the COVID lockdown recovery. So, what's really going on? Let’s first talk about the major factor behind all of this, which is, real estate. The once biggest private property developer in China, [...]
Small cap stock surges 6% after Mutual Fund bought stake worth ₹ 86 Cr in the company
Stock of this investment company surged more than 6% in the market today after a bulk deal took place. The details about the buyer and seller were updated in the BSE exchange after the market closed. Share price of JM Financial closed at Rs. 92.40 per piece. The stock gained 6.4% to reach its intra- [...]
Smallcap stocks in which Goldman Sachs holds up to 4.7% stake to keep an eye on
The Goldman Sachs Group, Inc. is a leading financial institution that provides a wide variety of financial services to a diverse client base that includes businesses, financial institutions, governments, and individuals. According to the most recent corporate shareholdings filing, Goldman Sachs India Limited publicly holds 26 stocks with a net worth of around Rs. 2,836.8 [...]
Stock under ₹ 6: Penny stock hits 5% upper circuit after announcing 1:4 Bonus Issue
This stock hit its upper circuit of 5% from Rs. 5.24 to Rs. 5.55 on volumes that were 1.2x monthly average volume and in line with yesterday’s volumes. The stock has a market cap of Rs. 53 crore. The stock has been on an uptrend since January 2023 and closed 50% above its 200 day [...]
Tata Group stock jumps 4% on speculations of company acquiring 51% stake in Haldirams
This large cap stock surged nearly 4.3% in the afternoon of Wednesday’s trading session after the rumours about buying a 51% stake in Haldiram’s surfaced in the market. Share price of Tata Consumer closed at Rs. 878.90 per piece. The stock gained 4.3% to reach its intra- day high of Rs. 883 levels, 0.1% lower [...]
Aviation stock hits 20% upper circuit after Spice Healthcare buys 3.14 Cr shares in the company
This airline stock jumped 20% in Wednesday’s trading session as the promoter group company Spice Healthcare Private Limited buys 3.14 crore stake in the company on preferential basis. Share price of SpiceJet opened at Rs. 34 levels and gained another 20% to reach its intra- day high of Rs. 39.70 per piece. The stock is [...]
Stocks to Watch: Large cap stocks that are trading at a discount of up to 18%
Companies with a market value of Rs 48,900 crore or more are classified as large-caps. These are stocks of well-known companies with a large market share with excellent track records. Such a large-cap stock has minimal risks, and modest rewards, is expensive, and is liquid in nature. Here are three Large Cap stocks trading at [...]
Confident in reaching a cutting-edge, forward-looking free trade agreement: British Prime Minister Rishi Sunak on trade ties with India
On Wednesday British Prime Minister Rishi Sunak said there was “still some way to go” for a free trade pact with India to be finalised, but appeared confident that the final outcome will be a "forward-looking" and "modern" deal that would benefit both sides and facilitate shared ambition of doubling trade by 2030. The first [...]
The Viatris biosimilars business has been fully integrated with Biocon Biologics in North America
On Wednesday, Biocon announced that its subsidiary Biocon Biologics had finished integrating the North American biosimilars business it had purchased from Viatris with effect from September 1, 2023. Biocon said in a regulatory filing that Since the acquisition agreement closed in November 2022, Biocon Biologics has executed a robust integration plan to ensure a seamless [...]
Multibagger stock hits 20% upper circuit after board approves the sale of its API business
Shares of the second largest drug manufacturers in north India soared 20 percent after the company board approved the slump sale of the Active Pharmaceuticals Ingredients business. On Wednesday, Ind-Swift Laboratories Ltd, a small-cap stock with a market capitalization of Rs 729 crore, touched a 20 percent upper circuit on the Exchange for Rs 123.40 [...]
Tata Group stock hits upper circuit after company receives an order worth ₹ 25.2 Cr
This stock hit upper circuit within the first hour of market open on volumes that were 2x yesterday’s volumes and monthly average volume. The stock is a microcap with a market cap of rs. 510 crore. The stock has been on an uptrend since May 2023 and closed 73% above its 200 day moving average [...]
Smallcap stock hits 52-week high after company’s Board approves 2:1 Bonus issue
Shares of this construction stock under the ‘small-cap’ category hit its 52-week high after the company’s Board considered and approved the issue of Bonus shares in the ratio of 2:1. During the last one-month period, the company’s stock has jumped around 18 percent. With a market capitalization of Rs 2,475.98 crores, the stocks of Gensol [...]
Sugar stocks jump up to 8% after reports suggest sugar shortage due to lack of rain
Sugar stocks witnessed a massive rally on Wednesday after reports suggested that Avlean, a Switzerland-based company, said that it expects a sixth straight year of sugar deficit as supply would be affected due to a bad crop in India. It said that global markets will face a 5.4 million metric ton deficit of the sweetener [...]
Hero MotoCorp and GIC contribute 900 crore rupees to Ather Energy
On Wednesday Electric two-wheeler maker Ather Energy said that the company has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue. Ather Energy said in statement that the firm intends to use the cash for the introduction of new products as well as the growth of its retail network [...]
Tata Steel and ABB India together will develop technology to lower the carbon footprint of the steelmaking process
ABB India, an automation business, and Tata Steel have teamed up to develop technology that would lessen the carbon impact of steel production. In its Indian operations, the steelmaker has set a medium-term goal to cut carbon emissions to under two tonnes of CO2 per tonne of crude steel by 2025, according to a statement [...]
Markets record a 4th day of gains following purchases of HDFC Bank
On Wednesday, buying in HDFC Bank and an overall robust trend in Asian markets led equity benchmark indices to conclude in the green. Fag-end buying helped the BSE Sensex gained 100.26 points or 0.15 per cent to settle at 65,880.52. During the day, it had declined 292.23 points or 0.44 per cent to 65,488.03. The [...]
The government approved a viability gap fund of Rs 3,760 crore to support battery energy storage systems
On Wednesday Information and Brodcating Minister Anurag Thakur said that The Union Cabinet approved a Rs 3,760 crore viability gap funding for setting up battery energy storage system in the country. The entire Rs 3,760 crore viability gap funding will be borne by the central government, the minister said while briefing media about the Cabinet [...]
Apollo Hospitals signs a pact with Google Cloud for Apollo 24/7 platform
On Wednesday Apollo Hospitals said it has expanded its partnership with Google Cloud for its digital platform, Apollo 24/7. With telemedicine services, online doctor consultations, home drug delivery, and better clinician decision-making, Apollo 24/7, which was built entirely on Google Cloud, seeks to provide Indians with an omnichannel healthcare experience. "Generative AI has the transformative [...]
Midcap stock jumps 3.5% after JM Financial sets a target with 47% upside
A new-age stock’s share price zoomed 5 percent on Wednesday to reach an intraday high of ₹ 144.50 apiece on the National Stock Exchange (NSE), after a brokerage gave a target on its shares with an upside of 47 percent. JM Financial believes that Fsn E-Commerce Ventures Ltd (Nykaa) is a strong player in India’s [...]
Stock jumps up to 4% after it received permission for plant expansion from Karnataka Pollution Board
On Wednesday's early-day trade, the Share's of the largest manganese ore producer jumped 4 percent to a 52-week high price of Rs 1,675 per after the company received permission from the Karnataka State Pollution Control Board to expand plant capacity. At 12:45 p.m.,Sandur Manganese and Iron Ores Ltd shares were trading at Rs 1,632.95 a [...]
Chemical stock gets a buy call by HDFC Securities for an upside of more than 20%
This chemical stock surged nearly 2% in the market today as HDFC Securities gave it a buy rating with an upside of 23%. The stock saw a potential momentum during the trading session. Share price of Neogen Chemicals Limited opened at Rs. 1735 levels and gained nearly 2% to reach its intra- day high of [...]
Suzuki Partners With NDDB & Banas Diary for Biogas Plants; to invest Rs. 230 Crore
Suzuki Motor Corporation on Wednesday said it has inked a pact with National Dairy Development Board (NDDB), and Gujarat-based Banas Dairy to set up four biogas plants in Gujarat with an investment of around Rs 230 crore. The three-party agreement between Suzuki R&D Center India, a wholly- owned subsidiary of Suzuki, NDDB and Banas Dairy [...]
The pricing range for the Sep 12 launch of the Chavda Infra IPO is set at Rs. 60-65
For the initial public offering (IPO), Gujarat-based civil construction business Chavda Infra Ltd. has established a price range of Rs. 60-65 per share. On Tuesday the company said in a statement that the IPO will open for public subscription on September 12 and will conclude on September 14, while the bidding for the anchor investors [...]
Ashish Kacholia stock in green after SBI Life Insurance buys shares worth ₹ 77.38 Cr in the company
Shares of this multibagger Ashish Kacholia stock are trading in the green after SBI Life Insurance bought a fresh stake in the company worth 77.38 crores via open market transactions. With a market capitalization of Rs 8,962.24 crores, the stocks of Safari Industries (India) Limited started their trading session on Wednesday at Rs 3,790 and [...]
Stock to Buy: Fundamentally strong stock to buy now for an upside of more than 45%
The MD and CEO of one of the largest private sector banks in India recently resigned four months ahead of schedule. While this untimely resignation wasn’t expected, brokerages believe in the company and see an upside of up to 49 per cent. Uday Kotak stepping down from the helm of affairs at Kotak Mahindra Bank [...]
Jio Satellite is Looking for Flexible Use of Spectrum from TRAI
Jio Satellite Communications has written to telecom regulator TRAI to allow flexible use of spectrum for satellite and mobile phone services networks. The company in a letter dated September 5 to Telecom Regulatory Authority of India Chairman PD Vaghela said technology is evolving that will enable convergence of satellite and terrestrial networks and therefore the [...]
Birla to Increase Cement Production to 25 MMT by 2025
MP Birla Group flagship company Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tons by the 2025-26 fiscal from the existing 20 million tons, officials said on Tuesday. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in [...]
IDBI Bank Files Appeal Against NCLT Approval of Zee-Sony Merger
Private lender IDBI Bank has filed an appeal against the NCLT order approving the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The lender has moved the National Company Law Appellate Tribunal (NCLAT) against the order. Earlier, the Mumbai bench of the National Company Law Tribunal (NCLT) [...]
India Added Most Number of Mobile Subscribers in Q1 FY2024: Ericsson Mobility Report
India added the highest number of mobile subscribers across the world in the June 2023 quarter, Swedish telecom gear maker Ericsson said in a report on Tuesday. According to Ericsson Mobility Report, the number of mobile subscriptions totalled 8.3 billion, with a net addition of 40 million subscriptions during the quarter. The report said India [...]
Zambian Government Returns Copper Mine of 16 million tons to Vedanta
Vedanta Resources Ltd (Vedanta) on Tuesday said it will restart copper operations in Zambia after a government decision in favour of the company. In a statement, the metal and mining giant said that the ownership and management of Konkola Copper Mines (KCM) has been returned to the company by the Government of Republic of Zambia. [...]
Monopoly stock jumps 4% after 12.4 Lakh shares of the company changed hands
Following a bulk transaction on Wednesday, the stock of this monopoly company with a 90% market share increased by more than 4% during trading hours. The stock has delivered a 41% return in YTD. The stock price has remained high as a result of strong and rising volume that is greater than usual when compared [...]
Tata Group stock jumps 4% after Motilal Oswal expects high growth prospects in it; Sets target
Shares of this Tata Group stock jumped 4 percent after Brokerage, forecasting high growth prospects for the company, gave a ‘Buy’ rating to the company’s stock. With a market capitalization of Rs 29,766.39 crores, the stocks of Voltas Limited, a Tata Group entity, opened their trading hour on Wednesday at Rs 893.45 and currently trade [...]
Small cap stock in red after Lighthouse Advisors sold 1.3% stake in the company
This FMCG stock fell by 1% in the market today after Lighthouse Advisors India sold 1.3% stake in the company in a bulk deal which was bought by Plutus Wealth Management LLP for 0.5%. Share price of Bikaji Foods opened at Rs. 512.35 per piece and lost nearly 1% to reach its intra- day low [...]
Penny stock hits 20% upper circuit after receiving order worth ₹ 101.64 Cr; Check the details
Shares of this Penny stock hit the 20 percent upper circuit after the company received a work order to construct and develop residential units in Ahmedabad worth Rs 101.64 crores. In the last month, the company’s stock has gained close to 28 percent. With a market capitalization of Rs 263.51 crores, the stocks of Nila [...]
Smallcap stock jumps up to 9% after acquiring 51% stake in Johari Digital Healthcare for ₹ 229.5 Cr
On Wednesday, this small-cap stock jumps over 9% after acquiring a 51% stake in the JDHL company. A significant volume rise that was higher than it was the day before and the prior week is helping to support the stock price. Currently, the stock is trading above both the 200-day and 50-day moving averages. Syrma [...]
Welspun to Set up Rs. 600 Crore Grade-A Warehousing in Mumbai Metropolitan Region
Integrated fund and development management platform Welspun One on Wednesday said it will set an in-city warehousing facility in Thane with an outlay of around Rs 600 crore. The facility is strategically located in close proximity to the prime eastern suburbs of Thane and Mulund and the eastern express highway, as per the company. This [...]
Stocks in which Mutual Funds consistently increased their stake by up to 18.5% in the last four Qtrs
Retail investors always closely monitor mutual fund investments in the market because they invest in large amounts that might affect stock price movements. Furthermore, because it is difficult for retail investors to collect all relevant information about a firm, they tend to rely on the activities of institutional funds, particularly mutual funds, to make investment [...]
Pharma stocks with net profit margin of up to 64% to add to your watchlist
The players involved in the Pharmaceutical industry, a capital-intensive one, strive hard to maintain average margin ratios such as the net profit margin, atleast matching those of others present in the segment. Listed below are three stocks that have a Net Profit Margin of more than xx percent during FY2022-2023: Caplin Point Laboratories Limited With [...]
RBI aimed to reduce inflation to 4%; while being cautious about pricing risks: Director Das
Shaktikanta Das, the governor of the Reserve Bank, stated on Tuesday that the central bank is dedicated to getting inflation down to 4 per cent and would continue to monitor risks since more frequent global supply shocks might have a significant impact on the management of the price situation. Delivering a lecture at the Delhi [...]
Power demand has increased from 40GW to 50GW per day compared to a year ago: R K Singh
India's power consumption is approximately 40–50 GW higher than it was on the same day last year, according to Union Power Minister R K Singh, who on Tuesday assessed the rate of economic growth in the nation in terms of the rise in electrical demand. Addressing a day-long conference on 'Green Hydrogen Pilots in India' [...]
Four listed REITs form an industry body
A group representing the interests of businesses and investors has been formed by four listed real estate investment trusts. Real Estate Investment Trusts (REITs) will continue to flourish as a result of the efforts of the Indian REITs Association, a nonprofit organization established with the assistance of the Securities and Exchange Board of India (Sebi) [...]
Large cap stock gets a buy call for an upside of 35% after promoter eyes increasing stake
The share price of a payments aggregator notched 3.42 percent gains as its promoter is looking to increase his stake in the company. Its shares reached an intraday high of ₹ 889.00 apiece and settled at ₹ 886.00. One97 Communications (Paytm’s) CEO Vijay Shekhar Sharma said, “ There is never a day that I would [...]
India’s name change shocks the world ahead of G20 Summit from the President of “India” to “Bharat”
With the coming G20 summit in just 4 days, the recent dinner invite for 9th September has triggered debate among Indians, or should we say, Bharatiyas? What’s wrong with the G20 dinner invitation? For the very first time, Rashtrapati Bhavan has sent an invitation in the name of “The President of Bharat” instead of “The [...]
Smallcap IT stock hits 20% upper circuit after it partners with InsureMO; Check the details
This micro cap stock hit an upper circuit of 20% in the trading session today after the company announced its strategic partnership with InsureMO to offer PaaS to enterprises. Share price of 3I Infotech opened at Rs. 33.74 per piece and gained 20% to hit its upper circuit of Rs. 40.02 per piece. The stock [...]
Auto ancillary stock in green after it acquires 54% stake in a European Company
This S&P BSE 500 stock rose 1.7% within the first hour of markets opening on Tuesday after it announced a strategic acquisition. The stock is on an uptrend since March 2023 and continues to climb with the moving average as support. The price is currently 0.5% above the 20 day moving average and 19% above [...]
IT stock jumps up to 4.3% after partnership with Mahindra for digital lending operations
This S&P BSE Smallcap stock has a market cap of Rs. 2,800 crore and rose 4.3% within the first hour of markets open with volumes that are 2.3x previous session’s and 1.2x monthly average volumes. The stock gained after announcing that it has partnered with Mahindra Rural Housing Finance for its software. The stock trades [...]
Union Bank and Bank of Baroda are partnered with IREDA to co-finance renewable energy projects
In order to co-finance renewable energy projects, state-owned IREDA has partnered with public sector lenders Union Bank of India and Bank of Baroda. IREDA, a non-banking financial entity operating under the Ministry of New and Renewable Energy, provides funding for the establishment of projects involving new and renewable energy sources as well as energy efficiency/conservation. [...]
IBM and Indian Bank work together to deploy new front-end banking applications
In order to improve scalability and agility, the public sector Indian Bank has partnered with Nasdaq-listed IBM to develop infrastructure that is future-ready. The city-based bank's 'Project Paradise' plan called for consolidating its front branch servers at data centres and disaster recovery facilities for greater manageability and availability. Project Paradise initiative of the Indian Bank [...]
Shares of Vishnu Prakash R Punglia make a strong market entry: settle at a premium of more than 47 per cent
On Tuesday, shares of Vishnu Prakash R Punglia Ltd. made an impressive market debut and concluded the day with a premium of more than 47 per cent over the Rs. 99 issue price. The company is into Engineering, Procurement, and Construction (EPC) works. The shares opened for trading at Rs 163.30, up 64.94 per cent [...]
Markets post gains for a third day on buying in Reliance and Infosys
In spite of a bearish trend in global markets, the equity benchmark indices Sensex and Nifty closed higher on Tuesday for the third straight day thanks to increases in market giants ITC, Reliance Industries, and Infosys. Traders said that Besides, robust domestic macroeconomic data added to the positive momentum. The BSE benchmark index jumped 152.12 [...]
Stock jumps 6% after company receives an order worth ₹ 997 from NHAI
This infra stock surged up to 6% in Tuesday's trading session after it received an order worth Rs. 997 crore. The stock saw a strong momentum in the market today. Share price of HG Infra opened at Rs. 945.80 per piece and traded nearly 6% higher to reach its intra- day of Rs. 991.50 apiece. [...]
Railway stock hits record high after 50% rally in just 3 sessions; Check the details
Shares of a large-cap railway company rallied 50 percent in merely three sessions to touch a record high of ₹ 75.70 apiece on the National Stock Exchange (NSE). Its shares opened at ₹ 50.35 apiece on Friday, September 01, 2023, and settled at ₹ 72.25 apiece on Tuesday, marking a massive rally. Incorporated in 1986, [...]
High-interest rates could make it harder for borrowers to service debt: FSB to G20 leaders
The Financial Stability Board (FSB), located in Switzerland, issued a warning on Tuesday ahead of the G20 Summit here that rising interest rates and a declining growth forecast could make it more difficult for borrowers to pay down historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to [...]
President and Chief Business Officer Sreeram Venkateswaran is appointed by Daimler India
Sreeram Venkateswaran has hired as President and Chief Business Officer for domestic sales and customer service by Daimler India Commercial Vehicles (DICV), the company announced on Tuesday. DICV said in a statement that Venkateswaran will be responsible for driving domestic business growth, nurturing strategic partnerships, expanding the BharatBenz sales and service network among others, In [...]
PSU stock jumps up to 3.8% after Board approves contribution in JV for city gas distribution
Shares of this mid-cap PSU stock gained up to 3.82 percent on Tuesday after getting approval from its Board of Directors to contribute to a Joint Venture company. Year-to-date, the company’s stock has zoomed close to 31 percent. With a market capitalization of Rs 30,471.79 crores, the stocks of Oil India Limited (OIL), a Public [...]
Penny stock hits upper circuit after Vijay Kedia buys 2.5% stake in the company
This micro cap stock opened 2% higher at its upper circuit after this ace investor bought 2.5% stake in a bulk deal on Monday’s trading session. Share price of OM Infra closed at Rs. 61.70 previously. On the morning of Tuesday, the share price opened 2% higher and hit its upper circuit at Rs. 62.90 [...]
Cricket World Cup to be sponsored by Mahindra on Disney Star
Mahindra & Mahindra announced on Tuesday that it will partner with Star Sports as an associate sponsor for the ICC Cricket World Cup, which begins in a month. Mahindra & Mahindra (M&M) said in a statement the as the broadcast associate sponsor for Star Sports and co-powered sponsor for Disney+Hotstar during the ICC Men's Cricket [...]
IT stock in green as it launches iQuantum Treasury 23, a new treasury solution for central banks
This small cap stock surged nearly 2.5% and reached its 52- week high after it launched iQuantum Treasury 23 on September 4,2023, a treasury solution used in front-mid-back office and designed specifically for central banks all around the globe. Share price of Intellect Design Arena Limited opened at Rs. 730.10 levels. It gained nearly 2.5% [...]
Textile stock jumps 11% after company settles dispute with Axis Bank; Check the details
Shares of a textile company zoomed 11.48 per cent on Tuesday’s early trades to touch a fresh 52-week high of ₹ 151.45 apiece on the National Stock Exchange (NSE). This happened after it announced that it had settled a dispute with Axis Bank. At 02:55 PM, its shares were trading at ₹ 149.85 apiece. Bombay [...]
Monopoly stock jumps up to 3.5% after energy consumption rises in August
This energy stock surged 3.5% after an increase in total electricity volume. This August, the country recorded an all- time high peak demand of 236 GW with a highest single day consumption of 5126 MU on August 31. Share price of IEX Limited opened at Rs. 141.10 per share and gained 3.5% to reach its [...]
CBI arrests GAIL Executive Director in bribery case involving Rs. 50 lakh
On Tuesday officials said that the CBI has detained an executive director of GAIL in connection with an alleged Rs 50 lakh bribery case in which money was exchanged to favour a few contractors working on gas pipeline projects. Along with Executive Director (Projects) K B Singh of GAIL, four others have also been arrested, [...]
Stock hits 5% upper circuit after announcing 1:2 bonus issue; Delivers 1,900% returns in a year
The shares of the largest Electrical enclosure manufacturing company hit a 5 percent upper circuit after the company board announced a bonus issue. In Early trade on Tuesday, RMC Switchgears Ltd shares touched a 5 percent upper circuit to an all-time high price of Rs 842.30 apiece on the National Stock Exchange. According to the [...]
Microcap stock jumps up to 13% after selling its subsidiary company for ₹ 58.7 Lakhs
The shares of one of the leading financial services company rose 13 percent to Rs 61.90 apiece on Tuesday after the company executed the sale of its subsidiary. At 2:30 p.m., Arihant Capital Markets Ltd shares were trading at Rs 59.90 per share on the National Stock Exchange, up 9.31 percent from the previous close [...]
Defence stock jumps 2% after securing an order worth ₹ 123.3 Cr from the Min of Defence
Shares of this Defence stock under the ‘small-cap’ category gained around 3 percent in Tuesday’s trading session after securing an order from the Ministry of Defence. With a market capitalization of Rs 7,051.31 crores, the stocks of Zen Technologies Limited, a leading provider of military training as well as counter-drone solutions, opened their trading hour [...]
SEBI gives go ahead for Samhi Hotels & Motisons Jewelers IPO; to be listed on both BSE & NSE
Samhi Hotels and Jaipur-based retail jewelry company Motisons Jewellers have received capital markets regulator SEBI's go-ahead to raise funds through an initial public offering. The two firms had re-filed their preliminary papers with SEBI in March this year, and obtained its observation letters during August 28-31, an update with SEBI showed on Tuesday. In SEBI's [...]
Small cap stock jumps up to 6% after company bags an order worth ₹ 1275 Cr; Check the details
This small-cap stock gains over 4% after the company bagged an order worth Rs. 1275 Cr on Tuesday. This stock has delivered 63% returns in six months and 32% returns in one year. Currently, the company shares are trading above the 50-day and 200-day moving averages. Dilip Buildcon Ltd Dilip Buildcon Ltd the company belongs [...]
Tata Steel to Pay Rs. 315 Crore in Bonuses for Employees
Tata Steel announced a total payout of Rs 314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers’ Union (TWU) here. As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of the Company on [...]
Multibagger smallcap stock jumps 11% after analysts expect a 31% upside in the stock; Check the details
Shares of this multibagger stock under the ‘small-cap’ category rose around 11 percent in Tuesday’s trading session after multiple Brokers initiated coverage and gave a ‘Buy’ rating to the company’s stock. With a market capitalization of Rs 14,546.36 crores, the stocks of Raymond Limited started their trading session at Rs 2,090 and currently trade at [...]
Microcap stock jumps up to 9% after the company entered into a sale agreement worth ₹ 29 Cr
On Tuesday this micro-cap stock gains up to ~9% after the company entered into a sale agreement worth Rs. 29 Cr. The stock has delivered 22% returns in one month and 34% returns in six months. The shares of the company currently trading above the 50-day and 200-day moving averages. Rasandik Engineering Industries India Ltd [...]
Multibagger Dolly Khanna stock jumps nearly 5% after announcing 1:1 bonus issue
Shares of a company in ace investor Dolly Khanna’s portfolio gained nearly 5 percent to reach an intraday high of ₹ 834.80 apiece on the National Stock Exchange (NSE) after it announced a bonus issue in the ratio of 1:1. At 12:15 PM, its shares were trading at ₹ 827.90 apiece. Tinna Rubber & Infrastructure [...]
Pharma stock jumps 2% after its subsidiary acquires a South African Pharma Company
On Tuesday, shares of India's third-largest drug maker rose 2 percent to Rs 1,266 per share following the acquisition of South African company, Actor Pharma Ltd. At 12:35 p.m., Cipla Ltd shares were trading at Rs 1,237.10 per share on the National Stock Exchange, down 0.16 percent from the previous close price. The company has [...]
Retail Auto Sales Climb 9% in August: Federation of Automobile Dealers Associations
Automobile sector has seen growth across all segments, witnessing retail sales growth of 9% in August 2023, stated by FADA on Tuesday. The total retail sales across segments rose to 18,18,647 units last month, up 9%, from 16,74,162 units in August 2022. Combined retail sales across all segments increased to 1,818,647 units from 1,674,162 units [...]
Stocks in which FIIs hold larger stake in the company than the promoters to keep on your radar
Many investors believe that it is a good sign when companies have a high promoter holding. It indicates that the promoters are confident about the company’s future and therefore continue to hold a high stake, or increase their stake from time-to-time. However, a few companies may have low or no promoter holding if they are [...]
Ditching dollar!! India took a step forward to make its first payment in Rupee!
Back in July, India signed an agreement with UAE to settle trade in ₹ instead of $. India is the world's 3rd biggest oil importer and consumer and has now made its first trade with the UAE in ₹ and Dirham (AED). Indian Oil Corp. (IOC) made a payment to Abu Dhabi National Oil Company [...]
For the defence sector, Maritronics India manufactures specialised equipment
On Monday, the manufacturer of specialized equipment for the defence industry, Maritronics India, a supplier of marine equipment and spare parts, made the announcement. The company, in a statement, said it is in the process of setting up its own manufacturing facility in Chennai, which is expected to start production in the next one year. [...]
A conference on “Green Hydrogen Pilots in India” will be host by NTPC
An official statement said the state-owned NTPC will host a conference on "Green Hydrogen Pilots in India" on Tuesday. On Monday the Ministry of New Renewable Energy said in a statement that the conference will showcase various pilot projects on green hydrogen being implemented by both public and private sector companies of India. In the [...]
DLF expects the newly launched 92 independent floors in Gurugram to bring in roughly Rs 400 crore in income
According to Executive Director Aakash Ohri of real estate giant DLF, it anticipates making roughly Rs 400 crore from the sales of 92 opulent independent floors that it will build on corner plots in Gurugram. The company is launching 92 standalone storeys on its several corner plots in Gurugram. These floors, which range in size [...]
Miniratna stock jumps up to 17% after company receives an order worth ₹ 320 Cr
This S&P BSE 500 PSU stock shot up 11% within the first hour of market open on Monday, supported by volumes that were 3.3x previous session’s volume and 13x the monthly average volume. The company stock rose sharply owing to an order it received. The company’s market cap is Rs. 32,200 crore. The stock closed [...]
Debt free mid cap stocks that are trading at a discount of more than 20% to keep an eye on
Nifty Midcap 150 opened at 14,880.40 levels and gained 1% to reach its 52- week high of 14985.9 levels. Under the 150 companies the index holds, there are at least three companies which carry a low debt to equity ratio of 0.00. Debt to equity ratio is a measure of debt of any company compared [...]
Sugar stocks jump up to 11% after UP Govt to increase the State Advisory Price for sugarcane
Sugar stocks were trading deep in the green on Monday after reports suggested that the Uttar Pradesh Government is likely to increase the State Advisory Price (SAP) for sugarcane. This announcement is likely to be made today and a price jump of ₹ 25 per quintal is expected for the season. Moreover, analysts believe that [...]
Swaraj Tractors makes a Rs. 200 Cr investment to launch new models
In order to meet the changing needs of farmers, Mahindra Group's Swaraj Tractors announced on Monday that it has invested Rs 200 crore in the development of a new line of tractors in the 40–50 HP category. The company said the new products will eventually replace its current tractors in the category. Mahindra & Mahindra [...]
To grow its business, EFC India starts 65,000 sq ft co-working space in Noida
On Monday Co-working space operator EFC (I) Ltd said that it has entered into the Delhi-NCR market with the start of a new centre in Noida comprising a 65,000 square feet area. The new centre, which is situated in Noida's Sector 62, will house several brands, including Tata Capital and Virtuous Transactional Analyst. According to [...]
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