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Chemical stock jumps 4% after reporting 173% YoY increase in net profits
This Smallcap Chemical stock which deals in the business of specialty-based aroma chemicals, and camphor, with products including Synthetic Camphor, Pine Oils, Terpineols, and others was up by 4 percent after reporting a net profit growth of 173 percent year on year. Price Movement Oriental Aromatics Limited's stock in Tuesday’s session touched a day’s high [...]
Defence stock jumps 4% after company’s revenue increases by 38% YoY
The shares of the Defence shipbuilding company focused on constructing warships for the Indian Navy and Coast Guard, jumped upto 4 percent upon declaring Q3 results and generating revenue with a 38 percent rise Year on Year (YoY). Price action With a market capitalization of Rs. 17,279 crores on Tuesday, the shares of Garden Reach [...]
2 Stocks in which FIIs bought stake in the companies
Foreign Institutional Investors (FIIs) are entities like mutual funds, pension funds, insurance companies, and investment trusts from outside India that invest in Indian financial markets. They play a crucial role in the Indian market by bringing in capital, liquidity, and global investment perspectives. Their investments help in boosting market sentiment, promote economic growth, and improve [...]
Transformer stock to buy now for an upside of 50%; Do you own it?
The transformer sector in India is a vital part of the country’s power infrastructure, catering to the growing demand for electricity across industrial, commercial, and residential sectors. With the government's push for renewable energy, smart grids, and infrastructure development, the sector has strong growth potential. Increasing urbanization, electrification of rural areas, and the expansion of [...]
Leather stocks jump 15% after Nirmala Sitharaman announces scheme to boost leather industry
The shares of Leather stock, specialized manufacturers & exporters of finished leather, jumped up to 15 percent following the announcement of a new scheme in the Union Budget 2025-26. Price action With a market capitalization of Rs. 584.87 crores on Monday, the shares of Mirza International Ltd jumped up to 14.5 percent making a high [...]
Defence stock in focus after announcing 10x capacity expansion to fulfill ₹4,500 Cr Orderbook
This Defence stock which is into manufacturing aerospace components and turbines and other original equipment manufacturers for the defence, aerospace, and other industries plans to increase its capacity by 10 times to support its order book growth. Share Price Movement In Monday’s trading session, the share price of Azad Engineering touched a day’s low of [...]
Power stock jumps 10% after company’s net profit increases by 963% YoY
The future of engineering, procurement, and turnkey (EPC) project companies in India's infrastructure sector looks highly promising. With significant government investments in infrastructure development, such as the National Infrastructure Pipeline (NIP), and ambitious projects like smart cities, highways, and renewable energy, the demand for EPC companies is set to grow. These firms will play a [...]
Stocks to Benefit as the Indian Rupee Falls to 87 Against the Dollar
Currency devaluation against the US dollar refers to a decline in the value of a country's currency relative to the USD. This often leads to an increase in the cost of imports and a decrease in the domestic purchasing power. Many factors contribute to the devaluation of a currency, including global economic conditions, inflation, trade [...]
Ashish Kacholia stock hits 5% upper circuit after company’s net profit increases by 309% YoY
This Ace Investor Ashish Kacholia stock which deals in the business of manufacturing, designing, and gold jewellery marketing hit a 5 percent upper circuit after reporting a net profit growth of 309 percent year on year. Price Movement Sky Gold Limited's stock in Monday’s session touched a day’s high of Rs. 347.35 per share up [...]
Navratna stock in focus after receiving ₹1,200 Cr order to develop Academic Institute of National Importance
Navratna stock engaged in providing consultancy and engineering services and undertaking turnkey contracts, in focus upon receiving a new work order worth Rs. 1,200 Crores. Price Action With a market capitalization of Rs. 9,076 Crores, the shares of Engineers India Limited were trading at Rs. 161.50 per equity share, down 4.5 percent from its previous [...]
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Measures will be taken to step up private capital in infra sector, says FM. PTI DP ANZ DP ABM ABM
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PE/VC invested Rs 5.5 lakh crore in startup, expert committee will be set up to suggest measures to help attract investment, says FM. PTI JD MR MR
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International arbitration centre will be set up in GIFT city to provide faster dispute resolution, 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
Gati and Tech Mahindra collaborate to create an app to increase efficiency and open up new business options
Gati, an Allcargo Group company, announced on Monday that it has teamed up with Tech Mahindra to create an application that will increase efficiency and open up new business options for the firm. The company said Tech Mahindra will enable Gati, over the next 18-24 months, to custom develop the software application -- Gati Enterprise [...]
Smallcap stock hits 20% upper circuit after bagging two huge orders worth ₹ 5,500 Cr
This S&P BSE Smallcap stock hit its 20% upper circuit within the first hour of market open on Monday, supported by volumes that were 1.5x previous session’s volume and 5x the monthly average volume. The company rose sharply owing to two orders it received that are on aggregate basis ~2.7x its market cap which is [...]
Railway stocks jump up to 20% as railway ministry to invest ₹ 5.25 Lakh Cr during FY 2024-31
The railway network is crucial to the country's ecosystem, as it carries 90 percent of the raw materials. India is undertaking a large-scale project to build efficient transport corridors across the nation. Derivative & Technical Analyst Motilal Oswal reported that the railways ministry to propose a substantial investment program of Rs 5.25 lakh crore during [...]
Sensex and Nifty increased for a second day on positive macroeconomic data and global trend
On Monday following encouraging domestic macroeconomics data amid a firm trend in the global market, benchmark equity indices Sensex and Nifty rallied for the second straight session. Traders said that fresh foreign fund inflows and intense buying in IT and commodity stocks also bolstered sentiment. The BSE benchmark Sensex jumped 240.98 points or 0.37 per [...]
PSU stock jumps 9% after Government plans to sell 60% stake in the company
Shares of a large-cap PSU Bank soared 9 percent higher on Monday’s early trades to reach an intraday high of ₹ 65.50 apiece on the National Stock Exchange (NSE) after the Central Government invited bids to appoint an asset valuer for the strategic divestment of the bank. Its shares settled at ₹ 65.10 apiece. According [...]
Muthoot FinCorp will use NCDs to raise up to Rs 400 cr
On Monday, Muthoot FinCorp announced plans to issue non-convertible debentures (NCDs) to raise up to Rs 400 crore. According to a statement from the company, the issue is a part of the Rs 1,100 Cr debt-raising plan approved by the board. The base size of the issue is Rs 100 crore with a green shoe [...]
India’s power consumption increased by more than 16% in August to 151.66 billion units
In August of this year, the nation's power consumption increased by over 16% to 151.66 billion units compared to that of the same month last year, primarily as a result of increased use of cooling equipment during the hot weather. According to the government data, In the year-ago period, power consumption stood at 130.39 billion [...]
For the Dibang multipurpose project, BHEL bags order from NHPC
For its 2,880 MW Dibang multipurpose project in Arunachal Pradesh, state-owned BHEL said on Monday that it has received an order from NHPC. BHEL said in a statement, that the order for the electro-mechanical (E&M) work for the project has been bagged against stiff competition under international competitive bidding, It however did not share the [...]
Large cap stock jumps up to 10% following the resolution of a two-year debt dispute worth ₹ 6,500 Cr
The share price of a large-cap banking stock rallied 9.5 percent on Monday’s early trades to reach an intraday high of ₹ 19.00 apiece after a two-year-long tussle ended. The stock has gained more than 13 percent in the past two days. At 02:46 PM, its shares were trading at ₹ 18.55 apiece. Analysts attribute [...]
PVR INOX debuted the first Ice theater in south India in partnership with CGR cinemas
The 12-screen Superplex in Forum South Bengaluru, Kanakapura Road, Bengaluru, owned by PVR INOX, the biggest and most upscale movie theater exhibitor in India, has opened an ICE THEATERS® premium auditorium. After opening the first two in Delhi and Gurugram, this is the third ICE THEATERS® theater in the nation. By placing LED panels on [...]
Defence stock in green after company sets record date for 1:2 stock split
This defence stock jumped nearly 2% in Monday’s trading session after the company announced a stock split in the ratio of 1:2. The stock saw a strong momentum today. Share prices of HAL opened at Rs. 3964.35 per piece and gained up to 2% to reach its intra- day high of Rs. 4019 levels. The [...]
Effective policy will shortly be implemented to develop EV charging stations in HP, says CM
Chief Minister Thakur Sukhvinder Singh Sukhu has said, the Himachal Pradesh government would introduce an effective policy to expand electric car charging stations in the state and engage private operators to put up e-charging stations with a 50% subsidy. Presiding over a high-level meeting on Sunday evening in Shimla, he said the policy would focus [...]
Power stock hits 5% upper circuit after it incorporates a subsidiary company
The shares of the leading player in the energy metering solutions business touched a 5 percent upper circuit to the 52-week high price of Rs 285.05 apiece after the company incorporated its subsidiary for the execution of Advanced Metering Solutions. The shares of Genus Power Infrastructure Ltd, with a market valuation of Rs 7,343 crores, [...]
EMS IPO will launch on September 8 at a price range of Rs 200–211/share
EMS Ltd, a major participant in the water and sewage infrastructure, announced on Monday that it had set a price range of Rs 200-211 per share for its Rs 321 crore initial public offering (IPO). The issue will open for public subscription during September 8-12 and the bidding for anchor investors will open on September [...]
Small cap stock jumps 12% after Kamath brothers pick stake in the company
This gaming stock gained 12% in Monday’s trading session after the company approved a preferential issue of equity shares proportionately to Kamath Associates & NKSquared. Share prices of Nazara Technologies opened at Rs. 770.50 and surged 12% to reach its 52- week high of Rs. 854 levels. In the last one month, the stock returned [...]
Commercial Vehicles’ New regulation Can Spike Prices by upto 12%: ICRA
Implementation of multiple proposed regulatory specifications can push up commercial vehicle prices by 10-12%, ratings agency ICRA said on Monday. In its report on the Indian commercial vehicle industry, ICRA said the domestic automotive industry is undergoing rapid transformations, with increased focus by the government on implementing emission norms, safety systems and other standards that [...]
Smallcap stock jumps up to 7% after company receives a Patent from the Government of India
This small-cap stock jumps up to 7% after it received a Patent from the government of India on Monday. This stock delivered 64% returns in one year to the investors. Currently, stocks are trading 3.7% below the 52-week high and above the 50-day and 200-day moving averages. Shakti Pumps (India) Ltd Shakti Pumps (India) Ltd [...]
Honda Cars India to Enter SUV Segment; Set to Release 5 SUVs by 2030: CEO
Honda Cars India plans to introduce five sports utility vehicles in the country by 2030 as it looks to have a strong presence in the robustly growing segment, according to a top company executive. The company, a wholly-owned subsidiary of Japanese auto major Honda Motor Company, on Monday made a foray into the midsize SUV [...]
Metal stock jumps up to 4% after company to acquire 26% stake in renewable energy company
The shares of Asia's largest producer of primary aluminum rose 4 percent to Rs 492.30 a share after the company signed an agreement to acquire a 26 percent stake in a renewable energy company. At 1:55 p.m., On the National Stock Exchange, Hindalco Industries Ltd shares were trading at Rs 489.10 per share, up Rs [...]
Ayana Renewable Signs Purchase Agreement with Hindalco to Supply Round the Clock Carbon Free Power
Ayana Renewable Power, one of the largest Independent Power Producers (IPP) in India and backed by National Infrastructure and Investment Fund (NIIF), British International Investment (BII) and Green Growth Equity Fund, has signed a Power Purchase Agreement with Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, for the supply of 100 [...]
India Should Learn from USA & China to Boost Consumption & Manufacturing: Toy Association of India Chairman on G20
Experts have stated that the Indian Toy Industry can receive a boost to its economy by enhancing manufacturing capabilities and exports through the help/ expertise of G20 member nations like the USA and China. Toy Association of India (TAI) Chairman Manu Gupta said the G20 presidency with India provides an opportunity to showcase India as [...]
Tata Group stock hits 52- week high after company signs an agreement with Chalet Hotels
This large cap stock gained nearly 1% and still managed to reach its 52- week high in the first half of Monday’s trading session. Recently, the company signed an agreement with Chalet Hotels Limited. Share prices of Tata Power opened at Rs. 257.95 per share and traded nearly 1% higher to reach its 52- week [...]
Microcap stock hits 5% upper circuit after company bagged an order worth ₹ 41 Crores
Shares of one of the leading manufacturers of Large Motors and Generators soared 5 percent upper circuit to Rs 41.91 apiece on early trade on Monday after the company received an order worth Rs 41 crores. Jyoti Ltd., a micro-cap stock with a market valuation of Rs 96 crore, touched a 5 percent upper circuit [...]
Penny stock hits 5% upper circuit after bagging an order worth ₹ 36.65 Cr from Gujarat Energy Transmission
This penny stock surged 5% on Monday’s morning after it received an order worth Rs. 36.35 from Gujarat Energy Transmission Corporation Limited. Share prices of HEC Infra opened at Rs. 46.75 and traded 5% higher to reach its intra- day high of Rs. 46.90 per share. The stock returned 25.21% in the last month and [...]
Multibagger Defence stock jumps up to 6% after it supplied materials to India’s first Solar Mission
On Monday, the shares of one of the largest producers of superalloys for the defence industry soared 6 percent to an all-time high of Rs 435.85 per share after the company supplied critical components for the successful launch of India's first solar mission, Aditya-L1. At 12:30 p.m., Mishra Dhatu Nigam Ltd (MIDHANI) shares were trading [...]
Bank stock jumps more than 4% after Goldman Sachs bought 10.7 Cr shares in the company
A transaction containing at least 0.5% of the total number of a company's listed shares is referred to as a bulk deal. On Monday this large-cap banking stock jumps upto 4% after a bulk deal. This stock has delivered 90% returns in one year to the investors and it's currently trading above the 50-day and [...]
Multibagger Vijay Kedia stock crosses ₹ 10,000 Cr market cap; Hits record high
Shares of a company in ace investor Vijay Kedia’s portfolio have reached a record high of ₹ 935.00 apiece on the bourses and the company has crossed a market capitalisation of ₹ 10,000 crores. At 12:12 PM, its shares were trading at ₹ 929.95 apiece. Elecon Engineering Company’s share price crossed the ₹ 10,000 crore [...]
Midcap stocks with price to book value of less than 2 to add to your watchlist
Price to book value is known as one of the valuation metrics to understand and analyse a stock on the basis of its increasing or decreasing value. In simple terms, it is a comparison of a share’s market price to the company’s book value of equity. Investing in a company with a price to book [...]
Debt free auto ancillary stocks that are trading under ₹ 200 to add to your watchlist
India's automobile sector is the largest, accounting for around 2.3 percent of the Indian GDP. As India is the world's third-largest steel producer, car component makers benefit from lower costs. According to ACMA, the automobile industry's entire turnover would increase by 10-15 percent in FY24. The automotive components industry grew by 23 percent in FY22 [...]
Stocks to Buy: 8 Stocks to buy now that can deliver returns of up to 44%
Domestic benchmark indices Sensex and Nifty 50 ended sharply off the day's low on Friday, posting the biggest single-day gain in the last two months. The BSE Sensex closed for the week at 65,387.16, up 0.77%, and the NSE Nifty 50 settled at 19,435.30 points, up 0.86%. Meanwhile, here are eight stocks in which the [...]
Auto stock that has 89% market share in commercial vehicle suspension systems to keep an eye on
The company is the largest producer and supplier of high-quality Ride Control Products such as shock absorbers, Struts, and Front forks for the Indian Automotive Industry catering to Passenger and Commercial vehicles. Gabriel India Ltd shares were trading at Rs 319.20 on the National Stock Exchange on Friday, up 0.87 percent, and the company has [...]
Vijay Kedia stocks that reported up to 5086% increase in net profits in the June Qtr
Vijay Kishanlal Kedia is an Indian ace investor who started investing in the stock market at an early age. While speaking about his investment strategy, he said: "One should scout for companies which have good management... Find a very good management, a very honest management and see the product in which the management is going [...]
₹ 1.71 to ₹ 1772: Multibagger stock turns ₹ 1 lakh to ₹ 10.36 Cr in 20 years
Many investors prefer to find the stocks of companies that they believe will do well, based on their fundamentals and stay invested in them for a very long period of time. In fact, this is one of the most common beliefs among some of the most famous investors around the world. Staying invested in stocks [...]
Penny stocks with high FII holdings of up to 16% to keep on your radar
Foreign Institutional Investors (FIIs) are institutional investors from outside the nation who invest in a certain country's stock market. These FIIs purchase shares in large quantities, which promotes market efficiency, depth, and liquidity, as well as investor trust in the firm. FIIs are also regarded as market drivers. Furthermore, FII investments influence market sentiment. As [...]
Stocks to Watch: 7 Stocks that will trade Ex-Dividend next week
The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield indicates how much a company pays in dividends each year based on its stock price. Here are a few stocks that will be trading ex-dividend next week: Gujarat State Fertilisers & Chemicals Ltd [...]
Large cap PSU stocks with net profit margin of more than 25% to add to your watchlist
The net profit margin measures the profits that a company generates as a percentage of its revenue. It helps investors and other stakeholders to assess if a company’s management is generating enough profit from its sales and whether costs are in control. This metric is one of the most important indicators of a company’s financial [...]
Bulk Deal: Stock jumps 4.5% after Abu Dhabi Investment Authority buys stake in the company
Shares of this financial company surged 4% today after details about its recent bulk deals appeared in the exchange. The stock lost nearly 9% yesterday. Shares of Prudent Limited on Thursday opened in a gap down of 5% at Rs. 1135.50 per share. Further, the stock went down another 5% to reach its intra- day [...]
Moody’s Revises Forecasts for India’s Growth
Moody's Investors Service on Friday raised India's growth projection for 2023 calendar year to 6.7% citing upside to growth performance helped up robust underlying economic momentum. In the Global Macro Outlook 2023-24 (August update), Moody's said strong services expansion and capital expenditures have propelled India's 7.8% real GDP growth in the second (April-June) quarter from [...]
ICRA: India Inc to Show Further Improvements in Credit Metrics in Q2 2024
India Inc's credit metrics are likely to show further improvement in the September quarter, a domestic rating agency said on Friday. The recent trends in softening of commodity prices, price hikes by companies, and anticipation of a favourable demand are the factors helping the industry, Icra Ratings said. The interest coverage is likely to improve [...]
Telecom stock jumps up to 7.5% after company partners with a US based company
Share prices of this small cap stock gained 7.5% as the company proceeds to enter a joint venture agreement with a USA based company. The stock saw a heavy volume in the market today. Share prices of Optiemus Infracom Limited closed at Rs. 361 levels after it traded 7.5% higher to reach its intra- day [...]
Auto stocks jump after companies report up to 33% increase in sales for the month of August
A significant factor in India's economic development is the automobile sector. It adds 49 per cent to the manufacturing GDP and 7.5 per cent to the overall GDP. In July 2023, total car production stood at 1,67,138 units, total vehicle sales stood at 3,02,521 units and Auto exports stood at 38,636 units. Below listed companies [...]
Sensex & Nifty End in Green on Macro Cues; Indices up by 1% as Steel Stocks See Gains Here!
Equity benchmark Sensex on Friday rallied around 556 points, logging its best single day in two months, while Nifty closed above the 19,400 level on value-buying in power, metal and oil stocks following strong domestic macro data and global cues. The BSE barometer closed higher by 555.75 points or 0.86% at 65,387.16 with 26 of [...]
Stock jumps up to 6% after board of directors approve company’s restructuring plans
This education stock jumped nearly 6% after the company took steps towards restructuring the company. This new change will help the company provide better services and mark potential growth in the upcoming future. Shares of Navneet Education Limited closed at Rs. 160.05 and gained nearly 6% to reach its 52- week high of Rs. 163.50. [...]
Small cap stock jumps up to 7% after company increases its share buyback offer price
Shares of India's largest stock exchange soared 7 percent to an all-time high of Rs 1,138.80 per share after the company revised the share buyback offer to Rs 1,080 per share against the previous price of Rs 816. At 3:28 p.m., On the National stock exchange, BSE Ltd shares were trading at Rs 1,115.00 per [...]
Air India Has Onboarded 650 Pilots; Company will add Two B777s
Air India CEO Campwell Wilson stated that the group airlines has recruited and onboarded 650 pilots since April 2023. To enhance airline services to the US and increase capacity, Air India Widebody Boeing 777 fleet will have two more by the first week of September in addition to the 2/3 long grounded 787s that have [...]
Multibagger Power stock hits 5% upper circuit after its subsidiary received an order of ₹ 2,247 Cr
On Friday this small-cap company hit a 5% upper circuit after its step-down subsidiary received an LOA of Rs. 2,247 Cr. Due to strong and rising volume that is higher than usual when compared to the previous day and week, the stock price has remained high. Both the 50-day and 200-day moving averages of the [...]
Navratna stock Gains 6% after company posts a massive increase in its production and sale
The share price of Navratna company gained 6 percent to reach an intraday high of ₹ 130.50 apiece on the National Stock Exchange (NSE), following its business updates. At 03:12 PM, its shares were trading at ₹ 130.40 apiece. NMDC Ltd. is engaged in the exploration and production of Iron ore along with diamonds, the [...]
The board of the recycling company Vikas Lifecare accepts a plan to raise up to Rs 40 crore
Recycling industry participant Vikas Lifecare announced on Friday that its board had approved funding up to Rs 40 crore through the preferential sale of convertible warrants. The proposal is subject to the approval of the shareholders at the next annual general meeting which has been scheduled for later this month, the company said in a [...]
Sales and production of iron ore at NMDC increased by 25% and 37%, respectively, in August
State-owned NMDC said on Friday that iron ore production increased by 37.5% to 3.41 million tonnes (MT) in August 2023. The miner had produced 2.48 MT of iron ore in the same month last year. During August, the company's sales also rose by 25 per cent to 3.54 MT from 2.83 MT in August 2022. [...]
2 Tata Group stocks reach fresh 52-week high after providing an update about their merger
Shares of two Tata Group companies appreciated to the tune of 5% each after they provided an update about their merger. Tata Steel gained 4.72% to reach a fresh 52-week high of ₹ 128.70 apiece, while Tata Steel Long Products gained 4.81% to reach a fresh 52-week high of ₹ 818.75 apiece, on the National [...]
Multibagger stock gains up to 15% after securing a marine contract worth ₹ 3290 Crore
Shares of this construction company rallied nearly 15% in the first half after winning a marine contract. The stock saw a strong momentum in the market today. Shares of ITD Cementation India opened at Rs. 228 levels and traded 14.8% higher to reach its 52- week high of Rs. 249.60. The stock has given a [...]
In August, GST revenue rose 11 per cent to over Rs 1.6 lakh crore: Revenue secretary
On Friday Revenue Secretary Sanjay Malhotra said that the GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. "Roughly numbers are in the range of 11 [...]
SAIL supplies 4,000 tonnes of steel plates for the Indian Navy’s 7th frigate ship
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. Six of the seven ships that will be built as part of the P17A Project have already been launched between September 2019 and August [...]
Smallcap stock jumps up to 4% after bagging orders worth ₹ 8398 Cr from electricity division
This small cap stock gained 4% in the morning of Friday's trading session after receiving orders worth Rs. 8,398 crore from the various state electricity distributors. Share prices of NCC opened at Rs. 174.90 per piece and surged 4% to reach its 52- week high of Rs. 176.60 per share. The stock has given a [...]
Reliance owned stock jumps up to 8% after subsidiary wins media rights for international & domestic matches
Shares of a media company notched 8 percent gains on Friday’s early trades to reach an intraday high of ₹ 73.80 apiece on the National Stock Exchange (NSE), after BCCI (The Board of Control for Cricket in India) announced the successful bidder for its media rights. At 11:20 AM, its shares were trading at ₹ [...]
Penny stock hits 20% upper circuit after company receives approval for Merger
This penny stock rose 9% in the first hour of market open and recently hits 20% upper circuit. The company has announced a merger in its most recent filing. The company has a market cap of Rs. 33 crore. The stock currently stands 7% away from 52 week high and 26%, 41% above its 20 [...]
Aditya Birla Fashion plans to raise Rs. 750 Cr
The company announced on Thursday, that Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds. According to a regulatory filing by Aditya Birla Fashion and Retail (ABFRL), the business would raise money through a private placement. "The Company proposes to raise funds by issuing 75,000 [...]
Micro cap stock jumps up to 3% after company ties up with Kuwait Firm for an order
This microcap stock has 110% 3 year CAGR and apt financials indicated by Piotroski F score of 7. Today its shares rose 3% following an announcement of order receipt. The stock was listed in November 2021 and has positive returns since and YTD. The company has a market cap of Rs. 210 crore and currently [...]
Microcap stock hits 5% upper circuit after company receives an order worth ₹ 40 Cr from Nayara Energy
On Friday, shares of a company that is involved in engineering and construction projects touched a 5 percent upper high after the company received a Rs 40 crore order. In early trade on Friday, RBM Infracon Ltd shares reached an all-time high of Rs 117.35 per share, up 5 percent from the previous close price. [...]
Steel Authority Of India Ltd To Supply 4000 Tons of Steel Plates to Indian Navy Project
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. The P17A Project comprises the construction of seven ships, of which six have been launched between September 2019 and August 2023. In a statement [...]
Jupiter Hospital to mop up Rs. 869 Cr through IPO: The price range is fixed at Rs. 695-735
Jupiter Life Line Hospitals, a multispecialty hospital network, announced on Friday that it has set a price range of Rs. 695-735 per share for its Rs. 869-crore initial public offering (IPO). The company said the initial share sale will open for public subscription during September 6-8 and the bidding for anchor investors will open on [...]
Jalan Kalrock Consortium contributes an additional Rs 100 Cr to Jet Airways under revival plan
The winning bidder, Jalan Kalrock Consortium, announced on Thursday that it has invested an additional Rs 100 crore in Jet Airways, bringing its total investment in the airline to Rs 250 crore. "JKC confirms to have deposited Rs 100 crores in Jet Airways in less than 48 hours of the NCLAT allowing implementation of the [...]
Verlinvest Asia sold a 12.56% stake in Sula Vineyards for Rs 513 Cr
Verlinvest Asia Pte Ltd, an investment firm, sold a 12.56 per cent stake in the wine manufacturer Sula Vineyards on Thursday for Rs 513 crore in an open market deal. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk [...]
Stock to Buy: Fundamentally strong stock to buy now for an upside of more than 25%
Radhakishan Damani is an ace investor and a business magnate. He is the founder of Avenue Supermarts (DMart) and was reportedly the largest shareholder of HDFC Bank after it went public in the year 1995. Recently a stock in his portfolio received a double upgrade from a brokerage. Financial Services giant UBS elevated the shares [...]
Stocks that delivered multibagger returns of up to 125% in the month of August to keep an eye on
Multibagger stocks are those that return multiple times the initial investment, or 100 percent higher returns, in a relatively short period of time. Multibagger stocks are often defined as having strong fundamentals, growth potential, and great manufacturing methodologies and strategies. Here are the three stocks that turned into Multibagger in the Month of August Universal [...]
India Remains Fastest Growing Economy; NSO Reports Q1 FY2024 GDP growth at 7.8%
India recorded an economic growth rate of 7.8% in the April-June quarter of 2023-24 and remained the fastest growing large economy mainly due to better performance by agriculture and financial sectors, government data showed on Thursday. The Gross Domestic Product (GDP) expanded by 13.1% in the April-June quarter of 2022-23. India remained the fastest-growing major [...]
4 Green Energy stocks with high FII holdings to track; Are you holding any?
The green energy sector has become an attractive avenue for investors amid increasing environmental concerns, government support, and massive investments. Top conglomerates in this space are expanding assets and capacities to help achieve India’s 2030 target of reaching 500 GW installed capacity. Foreign Institutional Investors invest in companies after looking at the company's fundamentals and [...]
Demerged Jio Financial Services to Be Dropped From All S&P BSE Indices
BSE said on Thursday that the recently demerged entity from Reliance Group Led by Mukesh Ambani, Jio Financial Services will be dropped from all S&P BSE indices from September 1 prior to trading open. Earlier, the stock was slated to be removed from the indices on August 24. Later, it was postponed to August 29. [...]
RK Damani stock hits 10% upper circuit after AGM; Check the details
This small cap stock gained 10% to reach its upper circuit after the company filed its 23rd annual report for FY23. The company also declared the date for their upcoming Annual General Meeting. (AGM) Share prices of BF Utilities reached its upper circuit of 10% of Rs. 689.45 per share. By the end of the [...]
Smallcap Tata Group stock that is growing faster than DMart to keep on your radar
Avenue Supermarts Ltd. has been popular among investors since the time it filed for its IPO. It is the parent company of DMart, which is among the most profitable food and grocery retail chains in India. The stock was issued at a price of ₹ 299 in the year 2017 and rose to ₹ 615 [...]
Multibagger Defence stock jumps 4% after receiving an order worth ₹ 72.29 Cr from the Min. of Defence
This small-cap stock rose 4% after receiving an order worth Rs. 72.29 Cr on Thursday. The stock closed 7.7% below the 52-week high. Currently, the stock is trading above the both 50-day and 200-day moving averages. Zen Technologies Ltd The company has a market capitalization of Rs. 7,076 Cr., making it a small-cap. On Thursday [...]
EV stock jumps 5% after company ties up with EV maker Enigma automobiles
Shares of India’s leading player in the Electric Vehicle technology industry gained 5 percent to Rs 151 apiece after the company announced a tie-up with EV maker Enigma Automobiles Private Limited. At 3:25 p.m., On the exchange, Greaves Cotton Ltd shares were trading at Rs 150.70 per share, up 4.61 percent from the previous close [...]
Selling on F&O Expiry in Banking & FMCG Sector Drive Down Sensex by 256 Points; Nifty Closed 94 Points in Red
Benchmark Sensex closed lower by around 256 points in a volatile trade on Thursday, snapping its three-day gaining streak due to selling in banking, FMCG and oil and gas shares amid weak Asian cues. The BSE barometer fell by 255.84 points or 0.39% to close at 64,831.41 points with 22 of its constituents ending in [...]
Hero Electric to Enter New Segments under New Brands; Set to Enter Premium Segment under A2B Brand
Following the industry wide and to an extent the sector wide trend of premiumization to drive margin expansions, Hero Electric has stated on Thursday that it is diversifying into the premium segment through the A2B brand to create differentiated brands to cater to multiple segments in the electric mobility space. Under this brand the company [...]
Zydus Lifesciences gets US FDA Approval for Cystic Acne Drug for Non-Responders
Zydus Lifesciences on Thursday said it has received approval from the US health regulator to market a generic product to treat acne in the American market. The drug firm has received final approval from the US Food and Drug Administration (USFDA) for Isotretinoin Capsules USP (10 mg, 20 mg 30 mg and 40 mg), it [...]
Hospital Chain Jupiter Life IPO Subscription Opens on September 6
According to the Draft Red Herring Prospectus of Jupiter Life Line Hospitals subscription will open on September 6 and the three day initial public offering (IPO) will conclude on September 8 and the bidding for anchor investors will open on September 5. The hospital chain operates in Thane, pune, Indore under the “Jupiter” brand with [...]
Monopoly stock in green after company enters into partnership with leading Visa service provider
On Thursday the stock of this monopoly company with a 90% market share gained upto ~2% in the trading hours after entering into the partnership. The stock price remains high because of strong and rising volume that is greater than usual compared to the previous day and week. Dreamfolks Services Ltd Small-cap firm Dreamfolks Services [...]
Undervalued small cap stocks with high dividend yield of up to 5.8% to add to your watchlist
The P/E (Price to Earnings) ratio compares a company's current share price to its earnings per share (EPS), which is a generally used measure to determine a stock's value. The dividend yield is a financial measure that compares cash dividends paid to shareholders to the market price per share. It is calculated by dividing the [...]
Amazon Partners with India Post to Adopt Digital Assistant for MSME Exporters
Amazon on Thursday said it has signed an agreement with India Post to simplify cross-border logistics for MSME exporters. Minister of State for Science and Technology Jitendra Singh unveiled a postal stamp to commemorate a decade of partnership between India Post and Amazon at the e-commerce company's Sambhav Summit 2023. At Amazon’s E-commerce SMBHAV Summit [...]
Steel stock jumps up to 8.7% after company buys 2 rail rakes from East Coast Railway
The shares of TMT Bar Manufacturer gained 8.7 percent to Rs 94.50 after the company bought one of the two railway rakes from East Coast Railway following a previous arrangement. At 3:01 p.m. on the National Stock Exchange, Gallantt Ispat Ltd shares were trading at Rs 93.20 per share, up 7.08 percent from the previous [...]
Navratna stock jumps up to 3.5% after winning multiple projects worth ₹ 256 Cr from the Government
This railway stock rose 3.4% after winning multiple projects from the Maharashtra Metro Rail Corporation Limited as the company emerged to be the lowest bidder possible. It won several metro rail infrastructure projects. Shares of RVNL opened at Rs. 130.5 per piece and gained 3.4% to reach its intra- day high of Rs. 132.80 per [...]
CSB Bank Ltd. and Ashok Leyland collaborate for vehicle financing
On Thursday, Ashok Leyland, a manufacturer of commercial vehicles, announced a partnership with CSB Bank Ltd to provide vehicle financing solutions to its clients. A Memorandum of Understanding between the two businesses will allow them to work together to provide consumers of the automaker with specialized financial solutions, Ashok Leyland said in a statement. "The [...]
Railway stock jumps 5% after company receives order worth ₹ 350 Cr from Gujarat Metro Rail Corporation
This S&P BSE Smallcap stock has been on an uptrend since July 2021, rising 875% since. It rose 5% within the first hour of markets opening on Thursday after it said in its filing that it has received an order from Gujarat Metro Rail Corporation Ltd (“GMRCL”). The stock’s volumes have been more or less [...]
Pharma stock falls up to 8.5% after 12.85% shares changes hands in a large deal
Shares of a pharmaceutical company tumbled 8.5percent on Thursday’s early trades to reach an intraday low of ₹ 815.60 apiece on the National Stock Exchange (NSE) after 12.85percent of the company’s equity changed hands in a large deal. At 01:03 PM, its shares were trading at ₹ 839.00 apiece. MedPlus Health Services is the second-largest [...]
On Day 1 of the offering, Rishabh Instruments IPO subscribed 73%
On the first day of subscriptions on Wednesday, 73% of the shares of Rishabh Instruments' Initial Public Offering (IPO), a provider of worldwide energy efficiency solutions, were subscribed The IPO received bids for 56,75,008 shares against 77,90,202 shares on offer, as per the NSE data. The category for Non-Institutional Investors (NIIs) was subscribed 1.24 times, [...]
PhonePe anticipates operating profitability by 2025: CEO Sameer Nigam
The most valued fintech business in India, operating profit is anticipated by 2025, a top official of the company said on Wednesday. PhonePe founder and CEO Sameer Nigam told PTI that the company's payment, advertising, banking and insurance businesses will reach breakeven by the time the company becomes operationally profitable at the group level. While [...]
For Rs 947 crore, Softbank sells a 1.16% stake in Zomato
In an open market transaction Japanese conglomerate Softbank on Wednesday sold a 1.16 per cent stake in online food ordering company Zomato for Rs 947 crore. Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange. Aditya Birla Sun Life Mutual Fund (MF), Axis MF, Franklin Tempelton [...]
1.43 lakh tonnes of non-basmati white rice are permitted for export from India to Bhutan, Mauritius, and Singapore
On Wednesday, the government said that it has approved the export of 1.43 lakh tonnes of non-basmati white rice to Singapore, Mauritius, and Bhutan. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said in a notification. Although non-basmati white rice exports were prohibited on July 20 [...]
Shares of Spandana Sphoorty Financial have been sold by four entities for Rs 268 crore
In open market transactions on Wednesday, four entities sold shares of the NBFC company Spandana Sphoorty Financial for Rs 268 crore. Valiant Mauritius Partners FDI, Valiant India Opportunities, Valiant Mauritius Partners and Valiant Mauritius Partners Offshore were the entities that sold the shares of Spandana Sphoorty Financial on the BSE. According to BSE Bulk Deal [...]
Stock under ₹ 20: Hotel stock jumps up to 19.5% as it accommodates delegates for G20 Summit
Share price of this 5 star luxury hotel company surged nearly 19.5%. The hotel will be hosting Saudi Arabian delegates coming for the G20 summit 2023. The share prices of HLV Limited opened at Rs. 13.65 per share and gained a total of 18.45% to reach its 52- week high of Rs. 16.25 per piece. [...]
Honasa Consumer intends to raise Rs 400 crore from the IPO and use the funds to offline expansion, new categories and acquisitions
The IPO-bound Honasa Consumer Ltd., which owns new-age FMCG brands like Mamaearth and The Derma Co., anticipates raising Rs 400 crore from listing and plans to use the money primarily for offline expansion, bringing more brands to market, and acquisitions, its Co-founder and CEO Varun Alagh said. In addition to scaling its other brands like [...]
Shares of Aeroflex Industries have a strong launch and list with an 83% premium
On Thursday, shares of Aeroflex Industries were listed on the exchanges at a significant premium of 83% over their issue price of Rs 108. The stock listed at Rs 197.40, reflecting a steep jump of 82.8 per cent on the BSE. On the NSE, the scrip made its debut at Rs 190, witnessing a sharp [...]
Tata Power Renewable Energy and Sanyo Special Steel Manufacturing have signed an agreement to set up a 28-MW solar plant
A 28.12-megawatt green energy facility will be built in Maharashtra through a partnership between Tata Power Renewable Energy Limited (TPREL) and Sanyo Special Steel Manufacturing India Private Limited (SSMI). In a statement on Thursday, TPREL, an arm of Tata Power, said it has signed the Power Delivery Agreement (PDA) with SSMI through its Special Purpose [...]
Textile stock owned by Reliance Industries jumps up to 13% after AGM; Check the details
Shares of this small cap company traded 13% higher on Thursday's first half after their annual figures came to sight the previous day. The share prices of Alok Industries opened at Rs. 18 levels and gained nearly 13% to reach its intra- day high of Rs. 20.10. The stock has returned 22.26% and 42.8% in [...]
Midcap stock in green after company sets record date for 1:2 stock split
A mid-cap pharma company recently fixed the record date for a 1:2 stock split. At 12:00 PM on Thursday, its shares were trading at ₹ 2762.25 apiece on the National Stock Exchange (NSE), as compared to its previous day’s closing price of ₹ 2746.20. J.B. Chemicals and Pharmaceuticals is among India's leading pharmaceutical companies. It [...]
Defence stock jumps 5.5% after company receives industrial license for collaboration with foreign MNCs
In early trade on Thursday, Shares of a leading manufacturer of engineering equipment jumped 5.5 percent to Rs 2,425 after the company received a Defence Industrial Licence. At 12:15 p.m. on the National Stock Exchange, MTAR Technologies Ltd shares were trading at Rs 2,403.90 per share, up Rs 110.15 or 4.80 percent from the previous [...]
Small cap stock jumps up to 6% after company enters a joint venture with Israel Aerospace Industries
This stock was listed in November 2022 and is included in the S&P BSE Smallcap Index. It rose 6% on Thursday within the first hour of markets opening. It currently has a market cap of Rs. 3220 crore and saw higher than monthly average volumes this week, on average by 100%. The stock is trading [...]
Chemical stocks that have planned Big Capex of up to ₹ 450 Cr to keep an eye on
The Indian chemical industry contributes about 7 percent to India’s GDP, according to a report by IBEF. It covers more than 80,000 commercial products and is broadly classified into bulk chemicals, speciality chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. India's chemical sector was estimated to be worth US$ 220 billion in 2022 and is anticipated to [...]
Adani Group shares are down: Adani Green Energy is down more than 4%
Shares of the Adani Group fell on Thursday after a report from the investigative reporting platform OCCRP claimed that partners of the promoter family of billionaire Gautam Adani invested hundreds of millions of dollars through Mauritius-based "opaque" investment funds in publicly traded group stocks. However, the conglomerate denied the charges vehemently. On the BSE, the [...]
Smallcap stocks in which Societe Generale holds up to 4.73% stake; Do you own any?
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, it provides International Retail Banking, Insurance and Financial Services, Global Banking, and Investor Solutions. As per corporate shareholdings filed for June 30, 2023, Societe Generale publicly holds 14 stocks with a net worth of over Rs. [...]
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