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Agricultural stocks in focus after announcement of measures to enhance pulses and seed production
The agricultural stocks surged by up to 11 percent after Finance Minister Nirmala Sitharaman announced measures to enhance pulses and seed production in the country in today's budget. Among the measures, Union Finance Minister Nirmala Sitharaman announced a 6-year Atmanirbhar Bharat programme focusing on pulses—tur, urad, and masoor. The Central agencies such as NAFED and [...]
Nuclear energy stocks in focus after allocating ₹20000 Cr in the Union Budget
Finance Minister Nirmala Sitharaman presented her eighth consecutive Union Budget for the financial year 2025-26 today and presented some major outlooks for the future of India’s Nuclear Energy Mission and Requirements, as follows. It involves the Development of at least 100 GW of nuclear energy by 2047 for our energy transition efforts and for an [...]
Stocks to benefit after Union Budget to boost skill and training development
In the recent Union Budget 2025-26, Finance Minister Nirmala Sitharaman highlighted on the July 2024 Budget initiative in which the government will set up five National Centres of Excellence for skilling, with global expertise and partnerships. These centers equip youth with skills for "Make for India, Make for the World" manufacturing, covering curriculum design, trainer training, [...]
Stocks to benefit after Nirmala Sitharaman extends Jal Jeevan Mission till 2028
The Jal Jeevan Mission (JJM), launched in 2019, is a transformative initiative by the Government of India aimed at providing safe and clean drinking water to rural households. The program has already successfully connected 15 crore households, representing 80% of India's rural population, to potable tap water. This initiative addresses a critical gap in water [...]
IT stock jumps 12% after reporting 50% YoY increase in net profits
Small-cap Indian IT stock is in focus after it jumped up to 12% after announcing its Q3FY25 results, with robust growth in their YoY revenue, net profit, and new order win. Share Price Movement With a market capitalization of ₹1,421 Cr, the stock of Allied Digital Services opened at 250 up 8% from yesterday’s close, [...]
Stocks likely to benefit after FDI increased from 74% to 100% in Indian insurance sector
The FM Nirmala Sitaraman announced an increase from 74% to 100 % FDI limit in the Insurance sector, but only for companies that invest their entire premium received in India. Earlier in 2015, the government announced an increase in the FDI limit from 26% to 49% and again in 2021 to 74%, and with this [...]
Power stocks that might benefit from Govt’s plan to boost intrastate transmission capacity
In the recent Union Budget 2025-26, Finance Minister Nirmala Sitharaman highlighted strengthening electricity distribution and transmission. The government will incentivize states to improve intrastate transmission capacity and distribution networks. These reforms will support the financial health and operational efficiency of power companies. To support states in implementing these changes, the government will allow an additional [...]
Chemical stock jumps after company to set up coal tar distillation facility in Andhra Pradesh
This small-cap stock specializing in industrial products is in focus today after it announced its plan to set up a coal tar distillation facility in the Andhra Pradesh Special Economic Zone. Share Price Movement The shares of Rain Industries Ltd with a market capitalization of Rs 4,931.84 Crores, as of 10:30 AM, were trading around [...]
IT stock jumps 8% after promoters increased their stake in the company
This IT stock which deals in the business of services provider by leveraging its domain knowledge and dealing in future-ready digital platforms soared 8 percent after the promoters increased their stake by 0.50 percent. Price Action With a market capitalization of Rs. 9,495.92 Crores, the shares of Quess Corp Limited were up by 8.05 percent [...]
Pharma stock jumps after announcing its Q3 results
The Indian pharmaceutical industry is a global leader, ranking third in volume and 14th in value, with a market size of over $50 billion. Known as the “pharmacy of the world,” it supplies 20% of global generic medicines and is a key player in vaccines, exporting to over 200 countries. The industry is driven by [...]
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400 new generation Vande Bharat trains to be manufactured in next 3 years: FM . PTI PRS SR RSN MR MR
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5 pc of USO Fund to be provided for R&D and technology upgradation: FM PTI DP ANZ DP 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
Acquisition: Lupin Acquires 2 Brands for Anti Diabetic Portfolio From Boehringer Ingelheim
Lupin is a pharmaceutical company, develops and sells a range of branded and generic formulations, biotechnology products, and active pharmaceutical ingredients (APIs) in India and abroad. The Mumbai-based drug maker said it has acquired Ondero and Ondero Met, including the trademark rights associated with these brands. The company said it has acquired two diabetes brands [...]
Global Fintech Festival to Invest Rs 83-166 Crore into Startups
Global Fintech Festival (GFF) organisers on Friday said they are aiming to facilitate funding of over USD 10 million or Rs. 83.1 crore at the upcoming event in the financial capital. This funding target is for startups alone and excludes growth-stage companies which will initiate conversations with investors at the three-day GFF starting from September [...]
IPO Update: Concord Biotech Shares Surge 27% on Issue
Concord is among leading manufacturers of fermentation-based biopharmaceutical active pharmaceutical ingredients (API), focused on niche segments such as immunosuppressant, oncology, antifungal and antibacterial. The company, which has 23 API products, has three manufacturing facilities at Valthera, Dholka, and Limbasi, in Gujarat. Shares of Concord Biotech ended with a premium of over 27% against the issue [...]
Benchmark Indices Fall on Weak Global Cues; Sensex Drops 202 Points to End Below 65k
Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal energy stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said. In a volatile trade, the 30-share BSE Sensex declined [...]
Smallcap stock falls 5% after promoter sells entire stake in the company
Shares of this small-cap stock dipped 5 percent in Friday’s trading session. In the last six months, contrasting to the intra-day movement, the company’s stock has witnessed a rally of around 90 percent from Rs 246.30 to the current price level. With a market capitalization of Rs 1,700 crores, the stocks of IFGL Refractories Limited [...]
An AI and data science faculty development program is being jointly developed by AICTE and Jio Institute.
The All India Council for Technical Education (AICTE) has partnered with Jio Institute for a faculty development programme on Artificial Intelligence (AI) and Data Science, according to a release. Jio Institute, known for its AI and DS programme, will serve as the host institution for the five-day residential faculty development programme. AICTE has collaborated with [...]
Demerged Jio Financial Services to List on Bourses on August 21
Jio Financial Services, the demerged financial services unit of Reliance Industries, will be listed on bourses on August 21, according to an exchange notification. Jio Financial Services Ltd (JFSL) demerged from Reliance last month and is currently listed under a dummy ticker after its price discovery at Rs 261.85 but there is no trading happening [...]
Newly listed stock jumps more than 9% after posting a 74% increase in net profits YoY
This stock was listed on August 7, 2023, at Rs. 304 and it delivered 13% returns on the same day. Following the disclosure of its most recent results, the company's shares increased 9% on Friday. The strong and rising volume that has crossed the averages from the previous day and the preceding week is supporting [...]
Multibagger midcap stocks with a high Promoter holding of up to 60%; Are you holding any?
Promoter holding refers to the stake held by promoters, i.e., persons who founded the company or are currently controlling its daily affairs. They are typically the largest shareholders in a company and play an instrumental role in its growth and success. Promoters may hold shares in a company in their individual capacity or through trusts. [...]
Multibagger Cable stock jumps up to 9% after Brokerage maintains Buy call
Shares of a cable manufacturer zoomed 9 percent on Friday’s trades to reach an intraday high of ₹ 1122.60 apiece on the National Stock Exchange. This happened after Jefferies raised its target price post the recent earnings call. At 03:12 PM, its shares were trading at ₹ 1058.00 apiece. Finolex Cables reported a 34 percent [...]
Venus Remedies launches flagship R&D drug Elores in Oman
Venus Remedies is a business that manufactures medications. The business offers formulations for oncological treatments and antibiotics. Pharma major Venus Remedies Ltd on Friday said it has launched its flagship R&D drug, Elores, in the USD 1.4-billion pharmaceutical market in Oman. "Clinically proven to be one of the best drugs against ICU infections caused by [...]
Small cap stock jumps up to 8% after company commissions 13 LPG stations
Shares of this small-cap stock jumped up to 8 percent after commissioning new LPG Stations. In the last six months, the stock has jumped around 22 percent from Rs 65.40 to the current price level. With a market capitalization of Rs 2,261 crores, the stocks of Confidence Petroleum India Limited started their trading session on [...]
Midcap stock jumps up to 7.5% in just 2 days after it ties up with Adidas
The talks between the two companies are at its final course. They are very close to signing the deal and its stock price has already spoken. Opened at Rs. 1,745.95 on Friday, Bata India Limited share prices have seen a strong momentum today. The stock price went up to 7.5% as Rs. 1,763 the last [...]
Sugar stock jumps up to 20% after company reports a 34% increase in net profits QoQ
The share price of a sugar manufacturing company shot up 20 percent on Friday’s early trades to reach an intraday high of ₹ 119.88 apiece. This happened after the company announced robust results for the first quarter (April to June) of the financial year 2023-24. At 01:10 PM, its shares were trading 10.11 percent higher [...]
Oil Palm Plantation Drive held by Godrej Agrovet in Chintampalli
Godrej Agrovet Limited (GAVL) is a diversified, research and development-focused food and agri-business conglomerate, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. GAVL holds leading market positions in the different businesses it operates - animal feed, crop protection, oil palm, dairy, poultry and [...]
Block Deal: Bank stock jumps up to 11% after nearly 12 Cr shares of the company exchanged hands
Shares of this multibagger Bank stock jumped up to 11 percent on a Block Deal buzz. Moreover, the Bank made a change in the top management appointing a new Managing Director (MD) and Chief Executive Officer (CEO). With a market capitalization of Rs 4,700 crores, the stocks of South Indian Bank Limited, a Private-sector Bank, [...]
Green Energy stock jumps up to 10% after company gets approval on Solar Cell Plant
This stock shot up 10% within two hours of market open on Friday, showing signs of golden crossover backed by volumes ~4x the weekly average after a filing revealed information on new commissioning of a solar plant. The company boasts a Piotroski score of 7 and EPS growth of ~124% YoY with an ROE of [...]
SJVN signs two deals to provide Punjab with 1,200 MW of solar energy
State-owned SJVN Ltd has inked two pacts with Punjab State Power Corporation Ltd (PSPCL) to supply 1,200 MW of solar power from its projects, Punjab Chief Minister Bhagwant Mann said here on Thursday. Satluj Jal Vidyut Nigam signed two power purchase agreements (PPAs) for 1,200 MW of solar power recently. PSPCL had floated tenders for [...]
Due to the old arm’s improper input tax credit application, M&M received a Rs. 14.3 lakh penalty notice
Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime by erstwhile Mahindra Vehicle Manufacturers Ltd, which has since been merged into it. In a regulatory filing, the company said, [...]
Tata Group stock jumps to hit record high after inclusion in Nifty Next 50 Indices
Shares of a Tata Group company gained 2.68% on Friday’s early trades to reach a new record high of ₹ 2027.70 apiece. This happened after the National Stock Exchange (NSE) announced its inclusion in the Nifty Next 50 index with effect from September 29. At 12:20 PM, Trent’s shares were trading at ₹ 2,000.00 apiece, [...]
Jain Irrigation will raise Rs. 200 Cr by issuing equity share warrants with a preference.
Jalgaon is home to the global conglomerate known as Jain Irrigation Systems, or Jains. It creates, produces, provides support for, and markets a variety of goods, including drip and sprinkler irrigation systems. Jain Irrigation Systems (JIS) on Thursday said it is planning to raise around Rs 200 crore through preferential allotment of equity share warrants. [...]
Microcap stock hits upper circuit after receiving an order worth ₹ 32 Cr from the Indian Railways
The shares of one of India's leading EPC company in concrete sleepers for railways touched the upper circuit percent on Friday’s early trade after the company received an order of Rs 32 crore from the Indian Railways. At 11:15 p.m., GPT Infraprojects Ltd shares touched a 2 percent upper circuit of Rs 76.80 on the [...]
Tata Group stock jumps up to 19% after company plans to merge with Tata Steel
Shares of this micro-cap stock are trading in the green gaining up to 19 percent after a scheme of amalgamation proposed between the company and other Tata Group company. With a market capitalization of Rs 240 crores, the stocks of TRF Limited started their trading session on Friday at Rs 191.55 and currently trade at [...]
NLC India and Rajasthan sign a contract for the delivery of 300 MW of solar energy
A mining and power generation firm, NLC India Ltd. (NLC) is a government of India enterprise. It runs open-pit lignite mines and generates electricity from coal, lignite, and renewable energy sources like the sun and wind. The NLC India on Thursday inked a pact with Rajasthan Urja Vikas Nigam for the supply of 300 MW [...]
Corporate hospitals’ FY24 revenue is expected to increase by 8–10%: ICRA report
ICRA Ltd is a credit rating and investment information company that is independent and qualified. Three business segments make up the company's operations: knowledge and market services, consulting services, and rating, research, and other services. Corporate hospitals are set to clock an 8-10 per cent revenue growth and strong margins in the current fiscal, ICRA [...]
Penny stock in green after it received an order worth ₹ 9.3 Cr from National Highways Authority of India
On Friday, the shares of the infrastructure development company rose around 2 percent to Rs 52.20 a share after the company received an order from the National Highways Authority of India. At 12:30 p.m., Dhruv Consultancy Services Ltd shares were trading at Rs 52 a share on the National Stock Exchange, up 1.86 percent, with [...]
Markets fall due to unfavourable global trends and a withdrawal of foreign funds
Equity benchmark indices fell in early trade on Friday amid bearish global cues and fresh foreign fund outflows. Markets also declined as IT stocks slipped. The 30-share BSE Sensex was down 297.62 points to 64,853.40. The NSE Nifty dipped 88.75 points to 19,276.50. From the Sensex pack, Tata Consultancy Services, Wipro, HCL Technologies, Infosys, Tech [...]
Fundamentally strong stocks get a buy call by Analysts for an upside of more than 15%
Fundamentally strong companies are those with a good financial base, such as those with a high return on equity, strong earnings growth, low debt-to-equity ratios, and significant net profit growth. Listed below are two fundamentally strong stocks with a buy rating of more than 15%. Affle Industries Ltd Affle (India) Limited offers a consumer intelligence [...]
Alcohol stocks in which Mutual Funds hold up to 18% stake; Do you own any?
Retail investors regularly monitor mutual fund investments in the market because they make sizable sums of investments that have the potential to impact changes in stock prices. Additionally, since it can be challenging for regular investors to discover all important information about a company, they frequently follow the activities of institutional funds, particularly mutual funds, [...]
PM e-Bus SEWA to Drive EV Penetration In Urban Areas; Contribute to Govt’s Green Goals
The PM-eBus Sewa will act as a catalyst for promotion of electric vehicles across urban centers to drive the penetration of electric mobility, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday.he PM-eBus Sewa will support bus operations for 10 years. "Buses being a pivotal source of urban pollution, the decision will help substantially [...]
Tata Play FY23 Results: Company Division Reports a Net Loss of Rs. 105 Crore
Leading DTH system operator Tata Play has reported a net loss of Rs 105.25 crore for the fiscal ended March 2023, according to financial data accessed by the business intelligence platform Tofler. The company reported a net profit of Rs 68.6 crore in FY22, as per the data. Its revenue from operations slipped 5.1% to [...]
Pyramid Technoplast Raises Rs. 28 Crore from Anchor Investors Prior to IPO Subscription
Pyramid Technoplast Ltd allotted 16,59,600 shares to four anchor investors at Rs. 166 per share Mr. Bijaykumar Agarwal, Chairman and Managing Director of Pyramid Technoplast Ltd Mumbai (Maharashtra) [India], August 17: Pyramid Technoplast Limited has raised Rs. 27.54 crore from four anchor investors a day before its public issue opens for subscription. Company allotted 16,59,600 [...]
Large cap NBFC stock gets a buy call with an upside of more than 20%
The NBFC stock has logged a return of more than 50% in a period of six months. Analysts remain bullish on the stock and have maintained a buy rating with a huge upside potential. The stock in focus here is Shriram Finance Limited. The shares opened at Rs. 1811.95 and gained up to 3% to [...]
Corporate Fraud: SEBI Gives 2 week Extension on Property Auction For 7 Companies
SEBI on Thursday extended the auction of 15 properties belonging to seven companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors, to August 31 to recover money illegally collected from investors. The other firms whose properties will be auctioned are: Infocare Infra, Bharat Krishi Samridhi Industries Ltd, GSHP [...]
Mercedes-Benz Expects 25% of Top-line to come from EV segment; Indicates Further Investments in Capex
Betting big on the growing electric vehicle market in India, luxury car maker Mercedes-Benz is expecting its EV portfolio (present and future) to make up 25 % of its total car sales in the next three years, growing from the current levels of 3-4%. Mercedes-Benz on Thursday launched the GLC, its new petrol/diesel SUV, in [...]
Mid cap stock declares 1:1 bonus issue and dividend of ₹ 6 per share; Check the record date here
This stock is offering bonus shares to its shareholders and its ex date is closer than ever! The company has also announced a 60% dividend for each share and its ex date has been decided as well. The shares of GNA Axles opened at Rs. 968 on Thursday where it rose by another percent reaching [...]
Most of Adani Companies End in Green Amidst SEBI Investigation Uncertainty
Adani Group of Companies’ shares have been having a rough time of slumps and volatility and negative press and investor sentiment as uncertainty builds over SEBI registration. Amidst the chaos, on Thursday the shares of Adani Power climbed over 2% after US-based boutique investment firm GQG Partners along with other investors bought an 8.1% stake [...]
2 Tata Group stocks that have a consistent increase in Operating Cash Flows; Do you hold any?
Cash flow from operations, one of the most important and tracked upon metric in the finance industry, exhibits the amount of money generated by the company from ongoing, regular business activities. Listed below are two mid-cap stocks under the Tata Group universe that have shown a consistent increase in cash flow from operations during the [...]
Benchmark Indices Close in Red as Markets End Two Day Winning Streak
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The BSE benchmark had climbed 137.50 points or 0.21% to settle at 65,539.42 on Wednesday. The Nifty gained 30.45 points [...]
Stocks to Watch: Blue Chip stocks in which Mutual Funds hold up to 29% stake
Blue Chip stocks are the shares of very large and well-known companies with a long history of sound financial performance. These companies tend to endure tough market conditions and give high returns. Here are a few blue chip stocks with high mutual fund holdings: ICICI Bank ICICI Bank is among India’s largest private-sector banks. It [...]
PSU Announces Rs 1 Lakh Crore Capex Into Green Energy Portfolio & Reducing Carbon Footprint
PSU Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen as it looks to transform into a low-carbon energy player. The company stated it is aligned with the nation's goal to cut carbon emissions by 1 billion [...]
Penny stock hits 10% upper circuit after company receives an order worth ₹ 37 Cr; Check the details
At Rs. 40.35, this penny stock reaches an upper circuit of 10%. The strong and rising volume that has above the averages from the preceding day and week are supporting the stock price and this stock has climbed 33% in one year. The stock is currently trading above the 50-day and 200-day moving averages. HEC [...]
Godrej Properties Rises 45% QoQ; Company States a Robust Pipeline of Launches are Underway
Godrej Properties' net debt rose 45% QoQ in Q1 ‘24 to Rs 5,298 crore and debt-equity ratio stands at 0.56. owing to aggressive land purchase across major cities, stated an investor presentation. Since April last year, Godrej Properties has been aggressive in new business development under which the company is purchasing land outright and also [...]
Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands
Shares of an alcohol manufacturer pared 8 percent on Thursday’s trades to reach an intraday low of ₹ 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at ₹ 920.00. a According to reports, about 25 lakh shares or 8.5 percent equity of Globus Spirits changed [...]
Pitti Engineering Q1 ‘24 Results: Company Reports 19% Increase in Net Profits
Pitti Engineering Ltd., which is into the manufacturing of traction and special purpose motors and generators, has reported a net profit of ₹ 13.97 crore, 19.30% YoY growth from ₹ 11.71 crore in Q1 ‘23. It also recorded the highest ever EBITDA for a quarter at ₹ 42.43 crore as compared with ₹ 35.45 crore, [...]
Logistics stock with 3247% returns announces 2:1 Bonus Issue; Check the record date here
A small-cap multibagger stock that delivered multibagger returns in the past three years has announced a 2:1 bonus issue. At 12:05 Pm, its shares were trading at ₹ 222.95 apiece on the National Stock Exchange (NSE). Lancer Container Lines informed the exchanges that its board has approved a bonus issue in the ratio of 2:1. [...]
HDFC Announces Launch of Life Insurance and AMC from Gujarat’s GIFT City
HDFC Group on Thursday announced the launch of its life insurance and asset management services at International Financial Services Centre (IFSC) in Gujarat's GIFT City. Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India and is India's first operational greenfield smart city and international financial services centre. [...]
Stocks to Buy: 5 Stocks to buy now that can deliver returns of up to 33%
Brokerages and research firms have recently upgraded targets and or ratings for several stocks under coverage. Listed below are 5 stocks that saw action today, gaining up to 10% and have received target upgrades this week with upside up to 33% to add to your wishlist. Kalpataru Projects International Ltd (“KPIL”): The stock has been [...]
Auto Ancillary stock hits record high after bagging an order worth ₹ 145 Crore from Europe
Shares of an auto ancillary company appreciated to the tune of 4 percent to hit a record high of ₹ 617.95 apiece after it bagged an order worth ₹ 145 crores from Europe. At 02:21 PM, its shares were trading at ₹ 612.55, up 2.87 percent on the National Stock Exchange (NSE). Ramkrishna Forgings manufactures [...]
Mahindra Group stocks that have a High ROE of up to 39% to keep on your radar
The Mahindra Group is a multinational company with operations in over 100 countries. The company is engaged in six business units, such as Automotive, Farm Equipment, Infrastructure, Trade and Financial Services, and IT. Return on equity(ROE) signifies a company's ability to generate returns on the investments it has received from its shareholders. Return on Equity [...]
Multibagger EV stock below ₹ 300 with a low debt to add to your watchlist
The ‘Electronic Vehicles’ (EV) industry has gained traction in India in the past couple of years. By 2030, India aims to have a 30 percent share of EVs with the main purpose of reduction of carbon emissions and having a greener future. Listed below is one multibagger stock associated with the EV industry that one [...]
Shipping stock hits 5% upper circuit after the company’s board approved for Disinvestment
The shares of the Supply chain management company locked around 5 percent upper circuit in early trade on Thursday after the company board approved the disinvestment and sale of shares in three units. Essar Shipping Ltd shares on the National Stock Exchange touched a 5 percent upper circuit at Rs. 12.20 a share, and the [...]
Airtel Payments Bank Q1 Results: Profit grew by 143% YoY
Airtel Payments Bank offers online banking and payment services. The company seeks to provide every Indian with access to a fair, efficient, and reliable banking experience as India's first payments bank. Airtel Payments Bank on Thursday said its revenue witnessed a year-on-year growth of 41 per cent to Rs 400 crore in the first quarter [...]
1.27% of JSW Investments holdings in JSW Energy are sold for Rs. 717 Cr.
Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions. GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy. [...]
Nepal asks India to supply grains and sugar to help prevent food shortages during the festive season.
The Nepal government has requested India to facilitate the supply of paddy, rice and sugar, a senior official said here on Wednesday, as a precautionary measure to mitigate any possible food scarcity in the upcoming festive season. The request was made through the Ministry of Foreign Affairs to the Indian authorities last week, Commerce and [...]
Bulk deal: Shobha Gangwal promoter of IndiGo Aviation, sells shares worth Rs. 2,801 Cr.
InterGlobe Aviation's promoter Shobha Gangwal on Wednesday sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions. Shobha Gangwal is the wife of Rakesh Gangwal, the co-founder of the company, which is the parent of the country's largest airline IndiGo. The shares were sold [...]
Microcap stock jumps up to 18% after announcing a 455% increase in net profits
Shares of a micro-cap company jumped 18% to reach an intraday high of ₹ 139.90 apiece on the National Stock Exchange (NSE) after the company announced its results for the first quarter of the current financial year. At 12:39 PM, its shares were trading at ₹ 134.50 apiece, up 16.91%. According to an exchange filing, [...]
Bulk Deal: Sunil Singhania stock jumps up to 5.6% after shares worth ₹ 78.54 Cr exchanged hands
Shares of this stock involved in ‘Broking’ services are trading in the green post a Bulk Deal that took place pertaining to the company’s stock. In the last five trading sessions, the stock has gained around 10 percent from Rs 66.75 to the current price level. With a market capitalization of Rs 2,200 crores, the [...]
Healthcare stock jumps up to 10% after company announced a ₹ 665 Crore Expansion
This Healthcare Services Stock rose 10% in the first hour of market open on Thursday after the promoter entity released information on huge capex plans shortly after markets opened on Thursday. The stock has been on an uptrend since Q4 FY23 and is currently 6% away from the 52 week high. The stock has seen [...]
The chief minister of Rajasthan approves packages for 7 projects to increase investment by Rs. 24,681 Cr.
Rajasthan Chief Minister Ashok Gehlot has approved the customized packages for seven projects to encourage investment of Rs 24,681 crore in the state. The proposals approved in the fifth meeting of the Board of Investment will create employment opportunities for more than 10,000 people, a release said. Gehlot addressed the meeting at his residence on [...]
Burman Family acquired a 7.5% stake in Religare Enterprises which is worth Rs. 534 crores
Financial services provider Religare Enterprises Limited (REL) offers a variety of products. The company's main areas of concentration include loans, health insurance, and retail broking. The Burman Family on Wednesday acquired a 7.5 per cent stake in diversified financial services group Religare Enterprises for Rs 534 crore through open market transactions. Following the stake purchase, [...]
The DGCA has granted IndiGo’s flight operations to Tashkent.
IndiGo is one of the world's fastest-growing airlines and the largest and most popular passenger airline in India. The Directorate General of Civil Aviation (DGCA) has approved flights of IndiGo to Tashkent, Uzbekistan. On Wednesday, the airline announced that it would start services to Tashkent on September 22. A senior official on Thursday said the [...]
Repco Home Finance’s CEO and MD expect a Rs 14,000 crore AUM this fiscal year.
Housing loan finance company Repco Home Finance expects to manage assets under management (AUM) of around Rs 14,000 crore by the current financial year, a top official said. The Tamil Nadu-based company was managing an AUM of around Rs 12,400 crore at the beginning of the year, Managing Director and CEO K Swaminathan said. "As [...]
Penny stock hits 20% upper circuit after posting a 2700% increase in net profits QoQ
In Thursday's early trade, The shares of the real estate property developer locked around a 20 percent upper circuit after the company revealed strong June quarter financial results. Crane Infrastructure Ltd shares touched the upper circuit at Rs 20.01 a share, up Rs 3.33 on the Exchange, and the company has a market capitalization of [...]
Glenmark Pharmaceuticals has received ANDA approval for Tacrolimus Ointment, 0.03%
Glenmark Pharmaceuticals Ltd. is an integrated, research–led, global pharmaceutical company, with a presence across Branded, Generics, and OTC segments; with a focus on therapeutic areas of respiratory, dermatology and oncology. The company has 10 world-class manufacturing facilities spread across 4 continents, and operations in over 80 countries. In Vivo/Scrip 100 positions Glenmark amongst the Top [...]
Promoters of Inox Wind spend Rs 500 crore to pay off debt
India's top provider of wind energy solutions is Inox Wind, which caters to IPPs, utilities, PSUs, corporations, and retail investors. With three cutting-edge production facilities in Gujarat, Himachal Pradesh, and Madhya Pradesh with a combined manufacturing capacity of 1,600 MW, Inox Wind is a fully integrated player in the wind energy market. Wind energy solutions [...]
Mukesh Ambani stocks that are trading under ₹ 50 to keep an eye on
Mukesh Ambani is the chairman and managing director of Reliance Industries and an Indian billionaire businessman. Reliance Industries' stock market position is undoubtedly dominating. In addition, the organizations have continually delivered strong outcomes and stable performance for investors throughout the years. Here are three such Mukesh Ambani stocks under Rs 50 TV18 Broadcast Ltd On [...]
Undervalued Bank stock to buy now for a potential upside of 30%
A stock is said to be an “undervalued” one when the basic valuation ratios, viz, the price-to-earnings ratio (P/E) and price-to-book value ratio (P/BV) are lesser than the industry average. Listed below is one such undervalued fundamentally strong stock that gets a buy call with a potential upside of more than 25 percent: City Union [...]
Defence stocks jump up to 18% after announcing net profit increase of up to 133% in Q1
The share prices of defense-related companies have been rising sharply for three days now. Compared to Monday, share prices of major defense companies are on the rise as they continue releasing their quarterly results. A majority of these stocks saw a spike in their prices today. Here are two stocks that gained up to 18% [...]
Stock jumps 13% after receiving an order worth ₹ 49 Cr from Nuclear Power Corporation of India
The shares of this small-cap manufacturing company closed 14% higher at its new 52-week high of Rs 1,450 on Wednesday. The stock rallied after it bagged an order worth Rs 49 Crores. Known in forty- five countries worldwide, Jash engineering limited is a global company that manufactures a wide range of equipment for the engineering [...]
Quint Digital Media Rebrands to Quint Digital: Company Reports 15% Increase in Revenue
Quint Digital Media Limited, India's leading multi-brand digital media and media-tech group — being the only new-age digital media and technology player listed on an Indian stock exchange — published its standalone and consolidated results for Q1 FY24 on 14 August 2023. Quint Digital Media Limited (QDML) rebranded itself as a pure-play digital company — [...]
One Point One Solutions Q1 ‘24 Results: Company Reports 141% Increase in Net Profits
One Point One Solutions, a BPM services provider has reported total income of Rs. 40.24 crore, as compared to ₹ 35.05 crore last year, registered a growth of 14.81%. EBITDA was at ₹ 12.81 crore, as compared to ₹ 8.63 crore in the same period of last year, registering a growth of 48.44%. EBITDA Margin [...]
Small-cap stock jumps 6.5% after company’s net profits increase by 141% YoY
The small-cap stock climbed strongly on Wednesday on the announcement of the recent earnings. The company is currently trading above its 50-day and 200-day moving averages, and its price is being supported by high and rising volume that exceeds its averages for the previous day and week. This stock has generated 295% gains in three [...]
Auto Ancillary IPO: Company Files for Fresh Issue & Offer For Sale
As part of the OFS, 53.7 lakh equity shares will be offloaded by Paritosh Kumar Garg (HUF) and up to 26.85 lakh equity shares by India Business Excellence Fund - III. Also, the company may consider a pre-IPO placement of shares aggregating up to Rs 100 crore. If such placement is completed, the fresh issue [...]
Tata Group stock jumps up to 7% company after receives purchase order worth ₹ 7,492 Cr
Shares of this small-cap Tata Group stock soared up to 7 percent on Wednesday post a purchase order worth Rs 7,492 crores. In the last six months, the stock has gained close to 38 percent from Rs 611.65 to the current price level. With a market capitalization of Rs 14,300 crores, the stocks of Tejas [...]
Stock jumps up to 7.6% after reporting a net profit of ₹ 24 Cr against net loss of ₹ 21 Cr in the previous year
The shares of India's largest cafe operator rose 7.6 percent to Rs 39 each on Wednesday over the company's strong June Quarter financial performance. Coffee Day Enterprises Ltd shares closed at Rs 39, up Rs 2.15 or 5.83 percent on Wednesday on the National Stock Exchange, The company has a market capitalization of Rs 823 [...]
NBFCs’ Lending Assets Reportedly Grew 35% in June
Banks' lending to non-banking finance companies (NBFCs) rose by 35.1% to Rs 14.2 lakh crore in June, a report said. Credit exposure of banks to NBFCs rose by a robust 35.1% on-year to Rs 14.2 lakh crore in June, indicating non-banking finance firms' decreased reliance on international borrowings. Meanwhile, mutual funds' debt exposure to NBFCs, [...]
EV stock jumps up to 12% after cabinet approves ₹ 57,613 Cr outlay for PM e-Bus Sewa
EV bus companies were in focus on Wednesday, as the Cabinet chaired by Prime Minister Narendra Modi approved the PM-e Bus Seva Scheme, Anurag Thakur, Minister of Information and Broadcasting said at a briefing. A total outlay of ₹ 57,613 crore has been allotted to the e-Bus scheme. Of this, the Central Government will provide [...]
Markets End Higher: UltraTech, NTPC, Tata Motors among Major Gainers
Benchmark equity indices Sensex and Nifty pared early losses to close higher on Wednesday, helped by fag-end buying in index majors Infosys, L&T and M&M amid a mixed trend in global markets. The 30-share BSE Sensex climbed 137.50 points or 0.21% to settle at 65,539.42. During the day, it fell by 369.03 points or 0.56% [...]
Microfinance stock jumps up to 5% after Fund houses purchase 18.3 Lakh shares of the company
In early trade on Wednesday, shares of one of the largest microfinance institutions rose 5.2 percent to Rs 525 per share after BNP Paribas Arbitrage and Abakkus Emerging Opportunities Fund acquired a 1.5 percent stake. Ujjivan Financial Services Ltd shares closed at Rs 517.05 apiece, up Rs 21.50 or 4.34 percent from the previous close, [...]
Government to Offload 11.4% stake in this Miniratna company via Offer For Sale
The telecom services industry is expected to post moderate revenue growth of 7-9% in FY 24, due to muted average revenue per user (ARPU) expansion in the absence of tariff hikes in the near-term, ICRA said. The industry has been "upfronting" 5G capex (capital expenditure) and ICRA foresees sectoral capex at around Rs 70,000 crore [...]
Fitch Upgrades OE Score For Indian Banks: Says Banks Have Favorable Environment & Opportunities
Fitch Ratings on Wednesday said the operating environment for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed. A number of prudential indicators for the sector have also improved compared to pre-pandemic levels, and the operating environment score continues to benefit from the economy’s well-diversified structure, which helps to reduce [...]
Bulk Deal: Energy stock jumps 6% after FII’s bought 1.6 Cr shares in the company
In the stock market, a bulk transaction is one in which the total number of shares purchased or sold exceeds 0.5% of the company's share capital. On Wednesday shares of this company opened at Rs. 361.50 apiece and closed at Rs. 368.60 apiece. Currently, the shares trading above then the 50-days and 200-days moving averages. [...]
Auto stock jumps up to 7% after commissioning of two EV plants; Check the details
Shares of this auto-ancillary stock under the mid-cap category gained up to 7 percent in Wednesday’s trading session after the company commissioned two new EV plants. With a market capitalization of Rs 35,176 crores, the stocks of UNO Minda Limited had a flat movement during the initial trading hours on Wednesday, but, thereafter, witnessed a [...]
TVS & BMW Motorrad Eye Long Term Strategic Partnership to Expand Manufacturing Beyond India
Chennai-based TVS Motor Company and Germany's BMW Motorrad are in discussions to expand the manufacturing network beyond India under their long-term strategic partnership, the companies said on Wednesday. In April 2013, the two firms had entered into a partnership to manufacture sub-500cc motorcycles for global markets. It resulted in the development of four products on [...]
Penny stock jumps 18% after posting a 340% increase in net profits; Acquires 98% stake in MSR Apparels
A penny stock gained nearly 19 percent on Wednesday’s intraday trades after it reported robust results for the April to June quarter of the current financial year (Q1FY24). Vikas Lifecare trades and manufactures polymer, rubber compounds and additives for plastics, synthetic & natural rubber, infra, agro products, FMCG products, and so on. The company reported [...]
Cello World IPO: Company Files with SEBI for Rs. 1,750 Crore for a Complete Offer for Sale
Household products and stationery manufacturer Cello World Ltd has filed preliminary papers with capital market regulator SEBI to raise Rs 1,750 crore through an initial public offering (IPO). The maiden public issue is a complete offer for sale (OFS) by promoters and other selling shareholders with no fresh issue of equity share component, according to [...]
Small cap stock jumps to make a new 52 week high after receiving an order worth ₹ 114 Cr
This S&P BSE Smallcap stock made 52 week high after receiving an order in North America. The stock has a market cap of Rs. ~9,545 crore and has been on an uptrend since ~July 2022 - increasing 3.8x since. Buoyant momentum and investors’ sentiment is emphasized by its price currently being ~41% above its 20 [...]
Multibagger stock hits upper circuit after Ashish Kacholia bought 5% stake in the company
The shares of the leading manufacturer of PVC profiles locked around a 2 percent upper circuit on Wednesday’s early trade after ace investor Ashish Kacholia bought a stake in the company. At 11:15 p.m., Dhabriya Ltd shares touched around 2 percent upper circuit of Rs 286.50 apiece on the Exchange, and the company has a [...]
Fundamentally strong large cap stock to buy now for an upside of more than 20%
Shares of a large-cap company were in the green after it reported better-than-expected results for the June quarter. At 12:38 AM, its shares were trading at ₹ 450.50 apiece on the National Stock Exchange (NSE). ITC’s key segments performed well, however, the results for agri and paperboard segments were subdued. The stock took a breather [...]
Miniratna stock falls up to 9% after company’s Net Profit dips 64% QoQ
Shares of this Miniratna stock fell up to 9 percent on Wednesday post the release of financial results for the quarter ended June 2023. The company has a market capitalization of Rs 13,900 crores. The stocks of Hindustan Copper Limited opened their trading hour on Wednesday at Rs 145 and currently trade at Rs 143.90. [...]
Coal India’s capex spending increases 8.5% to Rs. 4,700 Cr in Apr-Jul
Coal India Ltd's capital expenditure rose 8.5 per cent during April-July this fiscal to Rs 4,700 crore as it continued to invest heavily in evacuation infrastructure, land, and mining machinery, officials said. The capex spend during the first four months of the current fiscal year which started in April, was almost 100 per cent of [...]
By 2029, M&M aims to produce 2 lakh electric vehicles at its future Chakan factory: Veejay Nakra
Mahindra & Mahindra expects electric vehicle production at its upcoming plant in Chakan in Maharashtra to hit the peak production mark of 2 lakh units per annum between 2027 and 2029, according to company President -Automotive Sector Veejay Nakra. The company estimates that EVs would account for 30 per cent of the overall volumes by [...]
Basmati Rice exporter shares jump 4.5 % after reporting 61% increase in net profits YoY
The shares of basmati rice exporter gained 4.5 percent to Rs 121.20 apiece on Wednesday following the company’s impressive June Quarter financial results. At 1:35 p.m.,Sarveshwar Foods Ltd shares were trading at Rs 120.95 a share on the National Stock Exchange, up Rs 5.35 or 4.63 percent. The company has a market capitalization of Rs [...]
₹ 2.10 to ₹ 20.10: Multibagger stock delivers 900% returns and turns ₹ 1 Lakh to ₹ 9 Lakh in a year
A New Year wish in Jan 2022 would be to make good profits on your portfolio. This would have fructified by 900% if one would have invested in a multibagger called Spacenet Enterprises India Ltd, a global fintech enterprise (NSE: SPCENET). Disruptive tech stocks have been the darling of stock markets but Spacenet has now [...]
Penny stock jumps 5.7% after company reports 1160% increase in net profits
On Wednesday, the shares leading manufacturer of Drip Irrigation Systems rose 5.7 percent to Rs 25.60 per share after the company announced impressive June quarter financial results. At 12:56 p.m. on the Exchange, Captain Polyplast Ltd shares were trading at Rs 25.35 per share, up Rs 1.16 or 4.80 percent from the previous close price. [...]
Revenue growth of Telecom Service industry seen at moderate 7-9% in FY24: ICRA
Leading financial/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency. The telecom services industry is expected to post moderate revenue growth of 7-9 per cent in [...]
Vodafone Idea’s Q1 Result: Consolidated net loss climbed to Rs 7,840 crore.
Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss widened to Rs 7,840 crore in the first quarter ended June 30. The company had posted a net loss of Rs 7,295.7 crore in the same period a year ago. The consolidated revenue from operations during the reported quarter increased marginally by 2.3 [...]
The pricing range for Aeroflex Industries’ IPO is Rs. 102-108/share.
Stainless steel flexible hose manufacturer Aeroflex Industries Ltd on Wednesday said it has a fixed price band of Rs 102-108 a share for its Rs 351-crore initial public offering (IPO). The maiden public issue will open for subscription on August 22 and conclude on August 24. The bidding for anchor investors will open on August [...]
Metal stock jumps up to 11% after company bags orders worth ₹ 702 Cr; Check the details
Shares of this multibagger metal stock rose 11 percent after it bagged orders worth more than 700 crores across various business verticals. In the last one month, the stocks of the company rose around 10.60 percent from Rs 84.95 to the current price level. With a market capitalization of Rs 1,300 crores, the stocks of [...]
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