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Chemical stock jumps 17% after reporting 78% QoQ increase in net profits
Micro-cap chemical stock is in focus after it jumped up to 17% after announcing its Q3FY25 results, with robust growth in its QoQ revenue and net profit. Share Price Movement With a market capitalization of ₹908 Cr, the stock of Bhageria Industries opened at 199 up 9% from yesterday’s close, and after opening, it made [...]
Mining stocks to benefit after Govt. to invest ₹18,000 Cr under National Critical Mineral Mission
The Union Cabinet is likely to approve the National Critical Mineral Mission (CMM) worth Rs. 18,000 crore as per sources. The aim is to boost domestic production, reduce import dependence, and encourage offshore mining auctions. Union Minister G Kishan Reddy highlighted the collaboration between public and private sectors and underlined India's first offshore mineral auction [...]
Cable stock to buy now for an upside potential of more than 25%; Are you holding it?
The consumer electrical sector in India is witnessing significant growth, driven by rising disposable incomes and an increasing demand for convenience-driven solutions. As urbanization expands, there’s a growing adoption of energy-efficient home appliances, smart devices, and automated systems. Additionally, the wires and cables segment, crucial for electrification and infrastructure development, is seeing a surge in [...]
Stocks in Focus: 6 Companies announcing Q3 results next week
Investors anxiously anticipate the second-quarter earnings figures, which are due to be revealed next week. Analysts analyze organizations' financial performance to predict market reactions based on sales, profit, and strategic outlooks. The findings will certainly impact market sentiment and investment decisions in the future. Here are the 6 companies that are set to publish quarterly [...]
Defence stocks in which FII have increased their stake in Q3 to keep in your radar
Ahead of the 2025-2026 Union Budget, India's defence sector anticipates continued emphasis on self-reliance and modernization, building on initiatives like the Defence Production Policy and import embargoes on foreign defence equipment. With a projected defence spending increase to $415.9 billion by 2029, the government is focusing on fostering domestic manufacturing, encouraging private sector participation, and [...]
Infra stock that are trading below their 3 Years average PE to add to your watchlist
As of 2024, India had over 1,46,126 km of national highways, with thousands of kilometers added annually under government initiatives like Bharatmala Pariyojana. Companies involved in this sector are key contributors to economic development. Some leading highway builders, responsible for constructing major expressways and highways, are currently trading below their three-year average P/E ratio. Listed [...]
Stock in which Mukul Agrawal bought fresh stake in Q3 to keep an eye on
Shares of India’s one of the leading Heat exchanger companies with a robust customer base consisting of Voltas, Daikin, Blue Star, and many more in focus after Ace Investor Mukul Agrawal made a fresh investment in it considering its potential. Price Action With a market capitalization of Rs. 5,380 Crores, the shares of KRN Heat [...]
5 Nifty 50 stocks for the next 10 years; Do you own any?
BlackRock views India as well-positioned for long-term growth, driven by emerging macro trends and the ability to navigate the US-China competition. Vivek Paul, Global Head of Portfolio Research and UK Chief Investment Strategist at BlackRock Investment Institute, highlights India’s strong growth prospects, which can support higher price-to-earnings (PE) ratios. Although current PE ratios for large-cap [...]
AI stocks in focus after Nirmala Sitharaman announces ₹500 Cr AI center of excellence in education
The FM Nirmala Sitaraman announced a new center of excellence in artificial intelligence for education with a total outlay of ₹ 500 crore. In 2023, FM made a similar announcement with three centers of excellence in AI for agriculture, healthcare, and sustainability. This push by the government to merge AI with several other sectors comes [...]
Is this the time to sell railway stocks following disappointing insights from the budget?
The railway sector had anticipated an 18 to 20 percent increase in budgetary allocation, but stocks fell by up to 11 percent after Finance Minister Nirmala Sitharaman did not mention any major reforms for the sector in this year's budget. Following this, there was a high expectation for this year's Railway Budget as they performed [...]
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Public investment must take lead to pump prime private investment and support demand: FM. PTI DP ANZ DP MR MR
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Effective capital expenditure will be Rs 10.68 lakh crore, or 4.1 pc of GDP, in 2022-23, says FM. PTI JD ABM ABM
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Financial support will be provided to farmers to take up agro-forestry: FM. PTI MJH NKD CS NKD ABM ABM
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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
Smallcap stocks with high net profit margin of more than 50% to keep an eye on
Net profit margin for any company is calculated by dividing net earnings by net revenue and then multiplying by 100. It is known as the amount of earnings left after subtracting all the expenses. It indicates the profitability of the company. It helps the investors analyse if a company is generating enough profit through its [...]
Block deal: Large cap stock jumps up to 4% after 2.3 Cr shares of the company changed hands
Shares of a new-age stock gained nearly 4 percent to hit a fresh 52-week high of ₹ 939.00 apiece on the Bombay Stock Exchange (BSE) amid a block deal buzz and hopes of inclusion in the MSCI index. Its shares settled at ₹ 899.30 apiece on Friday. Around 2.3 crore shares or a 3.6 percent [...]
Power Grid Corporation is fined Rs. 5.36 lakh by NSE and BSE, respectively
BSE and the National Stock Exchange have imposed a fine of Rs 5.36 lakh each on state-owned Power Grid Corporation for not having the required number of independent directors including one woman on their board in the June quarter. "Company has received notices from National Stock Exchange of India (NSE) and BSE on August 21, [...]
Shares of Shoppers Stop declined 13% as a result of changes in leadership
Shares of Shoppers Stop tumbled 13 per cent on Friday after the resignation of its Managing Director & CEO Venugopal G Nair. The stock tanked 12.64 per cent to settle at Rs 708.85 apiece on the BSE. During the day, it fell by 13.56 per cent to Rs 701.35. On the NSE, it cracked 13 [...]
PFC will lend Bengal’s DVC project Rs. 4,528 crore
State-owned Power Finance Corporation (PFC) has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide a Rs 4,527.68 crore loan to set up a 1,320 MW project at Raghunathpur in West Bengal. The Raghunathpur Phase-II project -- a collaborative effort between PFC and DVC -- will contribute significantly [...]
Stock jumps 11.6% after Brokerage gives a buy call for an upside of more than 15%
Shares of this small-cap stock jumped 11 percent on Friday after a well-known Investment Bank initiated coverage of the company. With a market capitalization of Rs 7,267.77 crores, the stocks of KFin Technologies Limited closed at Rs 427.65 on Friday gaining 11 percent compared to the previous closing levels of Rs 384.80 apiece. Moreover, the [...]
JBM Auto is preparing to take part in the PM-eBus Sewa scheme
JBM Auto is gearing up to participate in the recently announced scheme under which 10,000 electric buses will be deployed in 169 cities under the public-private partnership model, a top company official said on Friday. The company, which already has orders for 5,000 electric buses from across the country in its kitty, is looking to [...]
Suzlon received a project order for 201.6 MW of wind energy
Renewable energy solutions are offered by Suzlon Energy Ltd (Suzlon). It provides thorough solutions that address every aspect of wind energy projects. The business offers full turnkey solutions, starting with design and ending with asset life-cycle management. Along with producing power, selling solar panels, and offering fully produced castings, forgings, and foundry parts, Suzlon also [...]
Haveus Aerotech and the HAL accessories division enter an agreement
Aircraft MRO services provider Haveus Aerotech India on Friday said it has signed an initial pact with Hindustan Aeronautics Ltd for exploring business opportunities in the civil aviation sector both in the domestic and international markets. The memorandum of understanding (MoU) signed with HAL Accessories Division Lucknow (ADL), which is into manufacturing of aircraft systems [...]
Due to selling in financial and IT shares and worries about rate hikes, the Sensex dropped by 365 points
Benchmark Sensex declined by 365 points and Nifty settled below the 19,300 level in a volatile trade on Friday as financials, IT and oil shares took a hit amid concerns over potential rate hikes and weak trend in global markets. Falling for a second day in a row, the BSE Sensex closed lower by 365.83 [...]
Embraer believes that a partnership with India for aerospace development is a promising opportunity
Brazilian aircraft maker Embraer sees a good opportunity to partner with India to develop a strong aerospace industry in both countries by synergising their strengths, company President and CEO Francisco Gomes Neto said on Friday. The challenges in the global supply chain brought by the pandemic also bring about opportunities to develop new partnerships in [...]
JSW Group is developing ideas for producing its own EVs: Sajjan Jindal
JSW Group, which is in talks with MG Motor India to enter the EV space, is also working on a parallel plan to make its own electric vehicles, Chairman Sajjan Jindal said on Friday. Discussions are underway with MG Motor, Jindal said. "We are extremely serious about entering the EV space. MG would be our [...]
Helios Mutual Fund, a new player, will launch an overnight fund: submit a SID to Sebi
Helios Capital Asset Management (India) Private Ltd is making its foray into the mutual fund space with the filing of a scheme information document (SID) with markets regulator Sebi for an overnight fund. The company will launch the new scheme after getting approval from the Securities and Exchange Board of India (Sebi). Going by the [...]
To promote entrepreneurship in TN, HDFC Bank signs an MoU with StartupTN
Private sector HDFC Bank has signed a memorandum of understanding with StartupTN to promote innovation and entrepreneurship in Tamil Nadu, the bank said on Thursday. Through the partnership, the bank aims to contribute significantly towards the growth and success of startups present in the state. StartupTN is backed by the Tamil Nadu government and aims [...]
Chemical stock jumps up to 4.7% after Defence council approves proposal worth ₹ 7800 Cr
This defence stock moved up by 2.5% in the market after a day, the DAC approved a proposal worth Rs. 7800 crore to increase the efficiency of Indian Armed Forces. Share prices of Solar Industries opened at Rs. Rs. 4,499 levels. It reached its 52- week high of Rs. 4615.5 before the first half on [...]
Monsoon a concern Rs 8000 Cr incense stick sector
The NR Group, owner of the world's largest incense stick brand Cycle, on Thursday, said monsoon rains will trigger the growth of the Rs 8,000-crore sector, though there are some concerns about normal rainfall as of now. "The sector’s actual demand is driven in the second and third quarters of the year due to the [...]
Hindenburg 2.0? George Soros-backed, OCCRP said to be planning another ‘expose’
Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which [...]
Government wants to establish India as a centre for green hydrogen: Sitharaman
Finance Minister Nirmala Sitharaman on Thursday said the government is aiming to make India a global hub for the production, utilisation and export of green hydrogen. Speaking at the launch of HSBC India’s strategic partnerships towards enabling innovation in Green Hydrogen, the minister said the government is focused on driving green growth through a range [...]
RIL and Oberoi will co-manage Mumbai’s Stoke Park in the UK and Anant Vilas
Reliance Industries in collaboration with The Oberoi Hotels and Resorts will co-manage three iconic hospitality projects which include Anant Vilas in Mumbai and Stoke Park in the UK, the company said on Thursday. The arrangement between the two companies also includes the management of another planned project in Gujarat. "Reliance Industries...has entered into an understanding [...]
Green Energy stock jumps up to 8% after it bagged 4.10 MW Power Project
Shares of this small-cap green energy company were on the rise to touch its 52-week high on Friday post signing a contract for a wind-solar hybrid project. With a market capitalization of Rs 3,331.01 crores, the stocks of KPI Green Energy Limited are currently trading at Rs 921.85. The company’s scrip witnessed an intra-day high, [...]
Smallcap stock jumps more than 8% after company appoints new CEO; Check the details
This electronic manufacturing stock gained 8.4% in today’s trading session after the company approved and appointed its new CEO with immediate effect. Share prices of Syrma Limited opened at Rs. 496.05 and reached its 52- week high at Rs. 539.95. The stock has returned a total of 100.77% in six months and 72.90% consistently in [...]
Bulk Deal: Small-cap stock falls up to 4% after Quing Acquisition sold 8.3 Cr shares
A bulk transaction in the stock market occurs when the total number of shares bought or sold surpasses 0.5% of the company's share capital. Following a large transaction, this small-cap company's stocks fell ~2% on Friday. Manapuram Finance Ltd The company has a market capitalization of Rs. 11,959 Cr., making it a small-cap. At 13.25 [...]
In Chhattisgarh, NMDC Steel opened a steel plant with a 3 MTPA capacity
NMDC Steel Ltd on Thursday operationalised its 3 MTPA capacity steel plant at Nagarnar in Chhattisgarh built at a cost of about Rs 24,000 crore. "With today's development, we emerge as the newest entrant in the domestic steel market and have put Bastar on the steel map," NMDC Chairman and Managing Director (CMD) Amitava Mukherjee [...]
Promoter of Max Financial Services reduces shareholding by 3.6% for Rs. 1,091 crore
Max Ventures Investment Holdings, one of the promoters of Max Financial Services, offloaded a 3.6 per cent stake in the company for Rs 1,091 crore through open market transactions. Nippon India Mutual Fund (MF), ICICI Prudential MF, Kotak MF, Kotak Mahindra Life Insurance, HDFC Standard Life Insurance, Morgan Stanley Asia Singapore, International Monetary Fund and [...]
Semiconductor stock jumps more than 7% after signing MoU worth ₹ 3,750 Cr with Karnataka Gov
Shares of this multibagger stock under the ‘small-cap’ category gained 7 percent after entering into an MoU with the Government of Karnataka. With a market capitalization of Rs 11,563.67 crores, the stocks of Kaynes Technology India Limited opened their trading hour on Friday at Rs 1,958.95 and currently trade at Rs 1,988.85. The company’s scrip [...]
Leading Japanese energy company eager to invest in Maharashtra: Fadnavis
Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said JERA Co Inc, Japan's largest power generation company, has expressed a strong desire to explore investment and partnership opportunities with the state government in areas of green hydrogen, ammonia, Renewable Energy and liquefied natural gas (LNG). The deputy CM, who is on a visit to Japan, [...]
G20 economic body, UN should handle geopolitical issues: Kant on the conflict between Russia and Ukraine
India's G20 Sherpa Amitabh Kant on Friday said geopolitical conflicts like the Russia-Ukraine war are best addressed by the United Nations as the G20 is an economic body to promotes global growth. Speaking at B20 Summit India 2023 being organised by CII, Kant however expressed hope that India would be able to convince G20 nations [...]
The Rs 491 Cr IPO of Rishabh Instruments will commence on August 30
Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO). The maiden public issue will open for subscription on August 30 and close on September 1, the company announced. The IPO comprises a fresh issue [...]
AI will boost employment in India, says N Chandrasekaran
Artificial intelligence will create more jobs in India as it will empower more people with little skill or no skill to perform higher-level jobs, B20 India Chair N Chandrasekaran said on Friday. In a panel discussion at the B20 Summit India 2023 here, Chandrasekaran, who is also the Chairman of Tata Sons, said India has [...]
Lupin gets USFDA approval to sell generic drug
Drug maker Lupin on Friday said it has received approval from the US health regulator to market a generic product, used in the treatment of a lung disease, in the American market. The company has received approval from the US Food and Drug Administration (USFDA) to market Pirfenidone tablets in strengths of 267 mg and [...]
Drone stock jumps 3% after company develops reusable rocket launch vehicle
The share of a leading player in the drone solution gained a 3 percent of Rs 163 apiece on Friday’s early trade after the company informed the successful testing of a Reusable Rocket Launch Vehicle. At 1:17 p.m., On the Stock Exchange, Droneacharya Aerial Innovations Ltd shares were trading at Rs 160.95 a share, up [...]
Large cap stock jumps 2% after company acquires PVC business for ₹ 235 Cr
This multibagger stock gained 2% after the company acquired PVC business for Rs. 235 crore including adjoining land acquisition for Rs. 171 crore. Share prices of Supreme Industries opened at Rs. 4,522 and reached its 52 week high at Rs. 4566.4 in Friday’s trading session. The stock returned 62.3% in six months and a multibagger [...]
NBFC stock jumps 7.5% after company repaid ₹ 2,232 Crores of borrowings; Check the details
On Friday, the shares of India's third-largest housing finance company rose 7.5 percent to Rs 170 per share after the company repaid USD 275 million of external borrowings. At 12:40 p.m., On the National Stock Exchange, Indiabulls Housing Finance Ltd shares were trading at Rs 167.65 a share, up Rs 9 or 5.70 percent, with [...]
Multibagger stock hits 20% upper circuit after Ashish Kacholia picks 8.54% stake in the company
Shares of this multibagger stock under the ‘micro-cap’ category hit the 20 percent upper circuit after Ashish Kacholia bought a fresh stake in the company. In the last five trading sessions, the company’s scrip has drastically jumped by 55 percent from Rs 150 to the current price level. With a market capitalization of Rs 281.07 [...]
Auto stock jumps more than 10% after entering into an agreement with a US based company
This small-cap stock soars ~10% on Friday as a result of the agreement with a US-based company. A significant volume rise that was higher than the previous day and the previous week is helping to support the stock price. This stock is currently trading higher than both the 50-day and 200-day moving averages. This stock [...]
Defence stock jumps up to 8% after company receives orders worth ₹ 158 Cr from ISRO, DRDO & DPSUs
Shares of a defence company soared 8 percent higher on Friday’s early trades to reach a fresh 52-week high of ₹ 398.40 apiece on the National Stock Exchange (NSE). This happened after the company bagged orders worth ₹ 158 crores. At 11:46 AM, its shares were trading at ₹ 383.15 apiece. Astra Microwave Products informed [...]
Future plans of these multibagger green energy stocks that delivered more than 100% returns
The Indian renewable energy industry is estimated to grow at a CAGR of more than 10 percent between 2023 and 2028.In the long run, the business is expected to be pushed by factors such as supportive government regulations, growing environmental consciousness, subsidies, and tax breaks for installing solar panels. The Ministry of New and Renewable [...]
Steel stocks with low PE ratio than industry average to add to your watchlist
The P/E (Price to Earnings) ratio defines the ratio of a company's current share price to its earnings per share (EPS), which is frequently employed to define the value of a stock. According to World Steel Association forecasts, the steel sector will grow at a pace of roughly 6.7 percent in 2023. According to the [...]
Mid cap stocks in which FIIs hold up to 65% stake; Do you hold any?
Foreign Institutional Investors are a kind of investors who invest their money in an asset outside their official country. These types of investors are an active part of the market and their choices of investment hold a significant value. FIIs in India can invest in both primary and secondary markets which contain listed, unlisted, and [...]
Why are the shares of Jio Financial Services falling?
Reliance Industries (RIL) subsidiary JIO Financial Services (JFS) got listed on the bourses four days ago. The company has eroded market capitalization of more than ₹ 31,000 crore since then, leaving investors worried. JFS shares hit the 5 percent lower circuit for the fourth day in a row. Its shares settled at ₹ 213.45 apiece, [...]
Sectors in which FII’s have invested up to ₹ 2,453 Crore in August
In 2023, Foreign institutional investors have been drawn to the Indian stock market with the NIFTY 50 and the BSE Sensex reaching all-time highs. The remarkable rally in the Indian stock market continued in August, driven by strong earnings of the companies. FII buying in the Indian stock market has substantially increased in the past [...]
Ashish Kacholia makes ₹ 30.8 Cr profit as his stock delivers 30% returns in just two months
Venus Pipes & Tubes Ltd shares were trading at Rs 1,490.15 a share on Thursday, up Rs 3.20 or 0.22 percent, with a market capitalization of Rs 3,031 crores. According to reports, Ace investor Ashish Kacholia bought 4 lakh shares, or 1.97 percent, in the June quarter for a weighted average price of Rs 720 [...]
Power stocks with low PE ratio than industry average to keep on your radar
“Price-to-earnings” ratio, popularly known as P/E, is one of the most tracked metrics in the capital market industry. It shows how much money the company asks for a rupee of profit made by them. A stock is said to be an ‘undervalued’ one when the P/E is lesser than the industry averages. Listed below are [...]
Auto Ancillary stocks with high Dividend Yield of more than 3% to keep on your radar
“Dividend Yield” is usually defined as the annual dividend payment that is expressed as a percentage of the current stock price prevailing in the market. The same tells the shareholder what the return on investment has been for the price paid at the time of purchasing the security. Listed below are three stocks under the [...]
SIMR is fined Rs 20 lakh by Sebi for violating regulatory requirements
Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, [...]
Wide-ranging agreement among G20 ministers on all trade-related issues: Goyal
Commerce and Industry Minister Piyush Goyal on Thursday exuded confidence that the G20 ministers of trade and investment would be able to reach a broad consensus on all trade-related issues at the two-day meeting here. Representatives of the G20 countries have gathered here for the two-day trade and investment ministerial meeting. They are deliberating on [...]
India will have the top growth rate among the top 5 economies in the near future: Finance Secretary
Finance Secretary T V Somanathan on Thursday said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and asked the Indian diaspora to act as a catalyst and supplement government efforts in making India the biggest opportunity. India is currently the fifth-largest economy [...]
Will shortly seek approval from the Cabinet for a mandate to consume green hydrogen: R K Singh, power minister
The Ministry of New and Renewable Energy will soon seek the Union Cabinet's approval for a mandate on the use of green hydrogen in different industries. As per the consumption mandate, various industries especially petroleum, steel and fertilizers, would be mandated to consume a certain proportion of green hydrogen. At present various industries use hydrogen [...]
The World’s Best Blockchain Hub is Expected to Be in India: The Top 10 India’s Most Promising Crypto Startups
In the heart of India's bustling tech scene lies a treasure trove of innovative crypto startups. These startups are leveraging blockchain technology to create groundbreaking solutions that address various challenges across industries. In this article, we highlight the best and brightest Indian crypto startups that are on the brink of transforming the way we transact, [...]
Tennis icon joins Infosys Rafael Nadal serving as brand ambassador
IT services company Infosys on Thursday announced a three-year partnership with Rafael Nadal, onboarding the global tennis star as an ambassador for the brand and Infosys' Digital Innovation. To mark Nadal's first-ever collaboration with a digital services company, Infosys and Nadal's coaching team are developing an AI-powered match analysis tool, the Bengaluru-headquartered company said in [...]
As RIL and HDFC Bank fall, the Sensex closes 180 points lower, ending its three-day gaining streak
Benchmark stock indices Sensex and Nifty closed lower on Thursday after three days of gains dragged mainly by selling in index majors Reliance Industries and HDFC Bank. The BSE Sensex pared early gains to settle 180.96 points or 0.28 per cent lower at 65,252.34. During the day, it hit a high of 65,913.77 and a [...]
India and the US want to resolve their WTO poultry dispute.
After mutually resolving six trade disputes with the US at the World Trade Organization (WTO), New Delhi and Washington are now trying to engage in ending their last pending dispute over poultry products, a senior government official said on Thursday. In July, India and the US mutually resolved six trade disputes pending at the WTO, [...]
Multibagger auto stock jumps up to 5% after FII buys stake in the company
Shares of a multibagger auto stock in Vijay Kedia’s portfolio gained nearly 5 percent on Thursday’s early trades to reach a 52-week high of ₹ 459.00 apiece, after foreign institutional investors bought a stake in the company. At 01:37 PM, its shares were trading at ₹ 444.70 apiece. Atul Auto manufactures three-wheelers and sells the [...]
Midcap stock jumps up to 6% after 17 million shares of the company changed hands via large deal
Shares of a financial services company gained 6.52 percent to reach a 52-week high of ₹ 937.50 apiece on the Bombay Stock Exchange (BSE) after large deals took place on the counter. Approximately 10 million shares changed hands as per reports. A combined 17 million shares of Max Financial Services changed hands on the exchanges [...]
Raising the transaction cap for offline small-value payments to Rs 500
The Reserve Bank on Thursday enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available. However, the total limit for offline transactions on a payment instrument remains Rs 2,000 at any [...]
Stock to Buy: Fundamentally strong stock to Buy now for an upside of more than 30%
Companies included under the category of ‘fundamentally strong’ stocks usually portray a certain set of attributes including lower leverage ratios, strong financial numbers, and many more. Listed below is one such fundamentally strong stock that gets a ‘Buy’ call with a potential upside of 31 percent: Galaxy Surfactants Limited With a market capitalization of Rs [...]
On August 29, Nitin Gadkari will launch 100% ethanol-fueled car
Union Road Transport and Highways Minister Nitin Gadkari on Wednesday said he will unveil a 100 per cent ethanol-fueled variant of Toyota's Innova car on August 29. The Union minister, who has been exhorting automakers to come out with alternative fuel-powered and green vehicles, had last year launched a hydrogen-powered car, Toyota Mirai EV. "On [...]
In India, Honeywell set up an airfield ground lighting manufacturing facility
Honeywell on Wednesday said it has set up an Airfield Ground Lighting (AGL) manufacturing facility in Gurugram, Haryana. "AGL is a Make in India product engineered and manufactured completely in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies," [...]
EMS, a player in the sewerage infrastructure, plans to launch an IPO in September to collect up to Rs 320 cr
Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size [...]
In Gujarat, Shell Energy India would invest Rs 3,500 crore to build a facility for renewable energy
Shell Energy India on Wednesday said it will invest Rs 3,500 crore in Gujarat to set up a renewable energy facility, charging stations for electric vehicles, and an LNG regasification terminal, which would create nearly 4,300 jobs. A memorandum of understanding (MoU) in this regard was signed between the Gujarat government and Shell Energy India [...]
Logistics stock jumps up to 5.5% after it acquires additional stake in Snowman Logistics
Shares of a logistics company as well as its promoter company jumped more than 5 percent on Thursday’s early trades to reach their new 52-week highs respectively. This happened after the promoter company bought a stake in it. Snowman Logistics gained 5.81 percent on Thursday to reach a fresh 52-week high of ₹ 56.30 apiece [...]
IndiGo is taking a variety of actions to deal with aircraft on ground situation: CEO
The country's largest airline IndiGo on Thursday told shareholders that a whole range of mitigating measures are being taken to deal with the situation arising out of grounded aircraft and it is working hard to have a positive net worth for the company. Speaking to shareholders at the 20th annual general meeting of InterGlobe Aviation, [...]
FMCG stock falls 5% after company reports 49% decrease in net profits; Announces 500% dividend
This FMCG stock declined by 5% in the first half of Thursday’s trading session after its Q4 results came into sight. Procter & Gamble Health Limited shares opened at Rs. Rs. 5,143.35 and fell to Rs. 5,036.10. This happened after the company published its financial results for the June quarter on 23rd August. However, the [...]
The risk of anchoring inflation expectations is increased by recurring shocks in food prices: RBI Director
Reserve Bank Governor Shaktikanta Das on Wednesday said the frequent food price spikes pose a risk to anchoring inflation expectations and called for timely supply-side measures to limit such shocks. Delivering the Lalit Doshi Memorial Lecture here, Das said vegetable price shocks are short-term in nature and the monetary policy can wait for the "dissipation" [...]
Pharma stock jumps up to 14.5% after receiving approval for expansion; Check the details
Shares of this stock under the ‘micro-cap’ category rose up to 14.5 percent on Thursday after doubling its capacity in its existing business unit. With a market capitalization of Rs 56.84 crores, the stocks of Auro Laboratories Limited started their trading session at Rs 84.79 and currently trade at Rs 91.20. Inching near its 52-week [...]
Chandrayaan-3’s remarkable achievement will advance Indian space technology, says Das
Reserve Bank Governor Shaktikanta Das on Wednesday termed the success of the Chandrayaan-3 mission as a historic moment that will give a huge boost to the country's space technology manufacturing sector. "A little while ago, we all witnessed history being made when the chief of ISRO proudly announced that India is now on the moon," [...]
Individual settles alleged insider trading case with Sebi
An individual on Wednesday settled a case with markets regulator Sebi in relation to the alleged violation of insider trading norms in the matter of Himadri Speciality Chemical Ltd after paying Rs 26 lakh as settlement charges. The settlement order came after the applicant, Debashis Ghosh, proposed to settle the instant proceedings initiated against him [...]
ADIA and TPG Group are fined Rs 55 lakh by CCI
The Competition Commission of India has levied fines totalling Rs 55 lakh on Abu Dhabi Investment Authority (ADIA) and TPG Group for making false declarations before the regulator while availing the green channel facility in a deal related to the acquisition of a stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The acquirers, ADIA [...]
The deadline for using Aadhaar-based payments for MGNREGS cannot be extended past August 31
The deadline for implementing an Aadhaar-based payment system as the only mode of payment to workers under National Rural Job Guarantee Scheme MGNREGS will not be extended beyond August 31, government sources said. The Union government in January this year made the use of an Aadhaar-based payment system (ABPS) mandatory for paying wages to those [...]
Microsoft Prez predicts that many countries will look to India for guidance on AI policy: moots recommendations
India, as current holder of the G20 Presidency, is "well positioned" to help advance a global discussion on AI issues, Microsoft Vice Chair & President Brad Smith has said advocating broader legal and regulatory frameworks for AI, and safety brakes in AI systems controlling critical infrastructure. Smith, who is on a visit to India and [...]
With a new campaign, a UK minister eyes doubling trade with India by 2030
UK Business and Trade Secretary Kemi Badenoch launched a new “Alive with Opportunity” campaign on Thursday to help double trade with India by 2030, with a series of targeted trade missions for UK firms in high-growth sectors. The Cabinet minister, who arrived in India on a three-day visit to attend the G20 Trade and Investment [...]
Important booster segments used in the Chandrayaan-3 launch vehicle were manufactured by a Pune company
Pune-based heavy engineering firm Walchandnagar Industries Ltd (WIL) has a double reason to cheer after Chandrayaan-3 successfully landed on the lunar surface as some of the critical booster segments used in its launch vehicle have been manufactured and tested at the facility, the firm said. The firm in a release issued on Wednesday said it [...]
Housing demand has the ability to boost the economy: HDFC Bank Director
HDFC Bank Director Keki Mistry on Wednesday asserted that the demand for housing will continue in India and it has the power to unlock the potential of the economy. Speaking at the foundation day celebration of Bandhan Bank, Mistry said the housing sector also generates huge employment and has a better credit risk profile than [...]
Bandhan Bank announced its entry into the co-lending market, to collaborate with NBFCs
Bandhan Bank on Wednesday announced it will enter the co-lending business, for which it will tie up with a couple of NBFCs. Announcing this at the bank's foundation day programme, its MD and CEO Chandra Shekhar Ghosh said the co-lending business will cover all verticals in which loans are given. "We have selected a couple [...]
The ActivMoney campaign from Kotak811 has begun to educate people about the high-interest rates
Kotak is known for introducing smart and innovative financial solutions to maximize customers' savings. This time, they have introduced a sweep-in sweep-out facility in the form of Kotak811 ActivMoney. It involves the automatic sweeping out of funds above a certain threshold from one's savings account to an FD account for 180 days. If the savings [...]
Swetha Totapally was appointed by Dalberg Advisors as the new Asia-Pacific Regional Director to carry out the firm’s impact strategy
Dalberg Advisors, a leading social and environmental impact advisory group, has appointed Swetha Totapally as Regional Director for Asia-Pacific (APAC) as it deepens its presence in India and expands to other markets. She will be responsible for leading the region's efforts to deliver on the firm's commitment to build a more inclusive and sustainable world. [...]
Targeting Gen Z and millennials: TVS unveiled the premium electric crossover TVS X for Rs 2.5 lakh
TVS Motor Company has unveiled its premium electric crossover two-wheeler TVS X targeting the millennials and Gen Z population in India and abroad. Launched at an introductory price of Rs 2.50 lakh, the electric two-wheeler comes with a high-performance battery pack that delivers 4.44kWh of installed capacity of energy, acceleration of 0-40 kilometre per hour [...]
Small cap stock jumps up to 7.5% after company receives approval from Gujarat Pollution Control Board
Share prices of this Agro-processed business gained 7.5% after the company decided to increase production of one of its major products. Gujarat Ambuja Export Limited shares prices opened at Rs. 246.35 on Thursday’s session. It rallied in the early hours to reach an intra- day high of Rs. 264.30. The stock has given a return [...]
3 Stocks with high FII holdings that are trading at a discount of up to 32%; Do you own any?
Having Foreign Institutions involved in the shareholding patterns builds the confidence of the retail segment in the markets. Listed below are three stocks with huge stakes owned by Foreign Institutional Investors (FIIs) and currently trading at a discount of up to 32 percent from their 52-week high levels: IRB Infrastructure Developers Limited With a market [...]
In the Indian economy, the world sees optimism and confidence: PM
Prime Minister Narendra Modi on Thursday said India is seen as a combination of openness, opportunities and options as the world sees optimism and confidence in the Indian economy. In a video message at the G20 Trade and Investment Minister's meeting here, the prime minister said that during the last nine years, India has become [...]
Early trade shows markets rise due to strong global trends and foreign money inflows
Equity benchmark indices rallied in early trade on Thursday, extending their winning run for the fourth day running, amid positive global market trends and fresh foreign fund inflows. The BSE Sensex climbed 333.95 points to 65,767.25 in early trade. The NSE Nifty gained 101.65 points to 19,545.65. From the Sensex pack, Tech Mahindra, Larsen & [...]
RecycleKaro, a battery recycling company, plans to invest Rs 100 crore to build a nickel plant in Maharashtra
Lithium-ion battery recycling firm RecycleKaro on Thursday said it plans to invest Rs 100 crore for setting up a nickel plant in Maharashtra with a capacity to produce 1,200 tonnes of the metal annually. Spread across 17 acres of land, the upcoming facility at Palghar district of the state will incorporate a plant capable of [...]
The Gen AI platform announced by Coforge is intended to develop enterprise AI capabilities
IT company Coforge has launched a Gen AI platform designed to build enterprise AI capabilities, a release said on Thursday. Coforge Quasar comes pre-loaded with a set of 100 plus APIs, readily available for integration. "Featuring a modular and scalable architecture, Quasar boasts an array of 100 plus pre-built cognitive and generative use cases, facilitating [...]
Smallcap stock jumps 4% after it receives an order worth ₹ 605.65 Cr to build medical college & hospital
On Thursday this small-cap stock soars ~4% after securing an order of Rs. 605.65 Cr and this stock reached a new 52-week high of Rs. 65.70.The stock price is being supported by a big volume increase that was greater than the previous day and last week. Currently, shares of this company are trading above the [...]
Defence stocks jump up to 18% after Chandrayaan-3 soft lands on the moon; Do you own any?
Shares of aerospace and defence companies continued to remain in the limelight on Thursday, as they witnessed a sharp rally amid euphoria surrounding India’s historic landing on the moon’s south pole. Chandrayaan-3 made a successful landing and the stocks of the companies involved appreciated to the tune of 20 percent on Thursday’s early trades. Centum [...]
Small-cap stock gains 8.8% after company receives an order worth ₹ 13.30 Cr from BEL
This small-cap stock soars 8.8% after receiving an order worth Rs. 13.30 Cr. The robust and rising volume, which is higher than averages from the previous day, is helping to support the stock price and this stock is currently trading above both the 50-day and 200-day moving averages. Avantel Ltd On Thursday the company shares [...]
Auto Ancillary stock jumps 4% after company received an international order worth ₹ 156 Cr
The shares of a leading supplier of rolled and forged products gained 4 percent of Rs 680 in early trade on Thursday after the company received an order from an International customer. At 12:10 p.m., Ramkrishna Forgings Ltd shares were trading at Rs 676.75 apiece on the National Stock Exchange, up Rs 24 or 3.80 [...]
Large cap stocks in which LIC holds more than 10% stake; Are you holding any?
The Life Insurance Corporation of India (LIC) is the largest domestic institutional investor in India. It has a stake in many companies across various sectors in India. Many investors keep track of its portfolio and add those stocks to their watchlist. Here are a few large-cap stocks in which LIC has more than a 10 [...]
Tata Group stocks with high Mutual Fund holdings of up to 19% to add to your watchlist
TATA Group is one of India's largest conglomerates. Their marks can be seen in a variety of industries. As of March 31, 2022, there are 29 publicly listed Tata firms with a total market capitalization of $311 billion (INR 23.6 trillion). Mutual fund stock market investments may influence the market in every way since they [...]
Multibagger Vijay Kedia stock jumps up to 19% after company appoints new Chairman and MD
The share price of a multibagger auto stock in ace investor Vijay Kedia’s portfolio shot up 19.31 percent on Wednesday’s early trades to reach a fresh 52-week high of ₹ 453.45 apiece on the National Stock Exchange (NSE). This happened after the company announced the appointment of its chairman and managing director. According to an [...]
2 Fundamentally strong Pharma stocks trading under ₹ 100 to keep an eye on
Fundamentally strong companies possess strong financials, such as a low debt-to-equity ratio, considerable profit growth, and consistent cash flow. Such companies are more likely to endure and emerge stronger from market downturns. According to Grand View research, the global pharmaceutical manufacturing market size was estimated at USD 516.48 billion in 2022 and is expected to [...]
2 Small cap stocks with Revenue growth of up to 5,066% YoY to keep on your radar
June quarter results are almost coming to an end with a lot of companies posting robust numbers by way of zooming their revenues and net profits which, in turn, paves the way for a potential bright future for the companies. Listed below are 2 stocks under the “small-cap” category which portray a revenue growth of [...]
8,278 Cr will be invested by Qatar Investment Authority in Reliance Retail
Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL). "This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore," Reliance Industries said in a regulatory filing. RRVL, through its subsidiaries and associates, [...]
Speed up Scientific Participation in Mining: Hindustan Zinc Links Up With CISR-CIMFR for R&D
Hindustan Zinc signs Memorandum of Understanding with CSIR-CIMFR at the inaugural session of its 5-day long ‘One Week One Lab’ program, the brainchild of f Union Science and Technology Minister Dr Jitendra Singh • Along with various other mining giants, this MoU will develop and deliver sustainable cutting-edge technologies for social upliftment and industrial advancement [...]
Consumer durable stock gains up to 6% as company identifies strategy for revenue growth
Shares of an electrical equipment manufacturer gained as much as 6.14% on Wednesday trades to reach an intraday high of ₹ 316.35 apiece on the National Stock Exchange (NSE). This happened after the company disclosed a strategy that could lead to double-digit revenue growth. Its shares settled at ₹ 308.55 apiece. The company in its [...]
CBI Books Varun Industries involving in two bank frauds of Rs 388 Cr
The CBI has registered two separate cases against Varun Industries for alleged bank fraud of more than Rs 388 crore, officials said Wednesday. The company, its promoters and directors Kailash Agarwal and Kiran Mehta were booked in the two fresh cases registered on separate complaints from the Central Bank of India and Canara Bank, they [...]
Stock markets conclude higher purchasing in banks and strong trends in European indices
Benchmark Sensex rose by 213 points while Nifty settled above the 19,400 level on Wednesday following buying in banking counters and early gains in European stocks. The BSE Sensex climbed 213.27 points or 0.33 per cent to settle at 65,433.30. During the day, it jumped 284.68 points or 0.43 per cent to 65,504.71. The NSE [...]
Together, Shriram Properties and ASK Property Fund would spend Rs. 206 crore on a project in Chennai
Realty firm Shriram Properties Ltd (SPL) and ASK Property Fund on Wednesday announced a joint investment of Rs 206 crore in a residential project in Chennai. The joint investment is "towards 100 per cent of development rights in an ongoing project in Chennai, through SPL's wholly owned subsidiary Shrivision Elevations Pvt Ltd." The project acquisition [...]
The Nashik APMCs will have onion auctions once more starting on August 24
Onion auctions at all APMCs in Maharashtra's Nashik district closed for three days now, will resume from Thursday as traders protesting the imposition of 40 per cent export duty on the key kitchen staple have decided to withdraw the agitation, a traders' representative here said on Wednesday. The decision was taken in a meeting of [...]
Smallcap stock gets a buy call for an upside of more than 40% after acquiring OLX India
This e- commerce business was trading marginally low at Rs. 507.4 on Wednesday. JM Financial called out the stock for its bullish potential and gave a buy call for the stock at an upside of almost 40% after it required Sobek Auto for Rs. 535 crore. Share prices of Cartrade Tech Limited opened in green [...]
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