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Green energy stock jumps 12% after reporting 6,345% YoY increase in net profits
The shares of Green Energy stock, specialized in the business of manufacturing Wind Turbine Generators (WTGs), jumped 12 percent upon declaring Q3 results and generating Profit with a 6,345 percent rise. Price action With a market capitalization of Rs. 21,949 crores on Saturday, the shares of Inox Wind Limited jumped up to 12 percent making [...]
Ethanol stock jumps 4% after announcing capacity expansion of 200MT per month
This Ethanol stock which deals in the business of integrated sugar company operating in sugar, bio-based chemicals, ethanol, and power was up 4 percent after the company announced a capacity expansion of 200MT. Share Price Movement In Saturday’s trading session, Godavari Biorefineries share price was up by 4.35 percent to the day’s high of Rs. [...]
Power stock jumps 5% after company’s net profit increases by 37% YoY
Renewable energy, particularly wind energy, is rapidly emerging as a key sector in India’s energy transition. With vast wind potential, especially along the coastal regions, India is well-positioned to tap into this clean energy source. Companies like Inox Wind, Suzlon Energy, and Triveni Turbines are major players driving the industry forward, offering innovative turbine solutions [...]
Railway stock jumps 5% after receiving an order worth ₹104 Cr from Maharashtra State Power
This Railway PSU stock which deals in the business of creating broadband and VPN services nationwide, multimedia, and telecom networks was up 5% after the company received an order worth approx Rs. 104 crore from Maharashtra State Power. Share Price Movement In Saturday’s trading session, Railtel Corporation of India's share price was up by 4.86 [...]
Solar stock in focus after company to setup Green Hydrogen Facility in India
BlackRock held India’s largest solar PV module manufacturer in India with an orderbook of upto Rs. 50,000 Crores in focus upon receiving notification for setting up a 90,000MTPA Green Hydrogen Facility in India. Price Action With a market capitalization of Rs. 69,436 Crores, the shares of Waaree Energies Limited were trading at Rs. 2,417 per [...]
Large cap stock to buy now for an upside of more than 30%; Do you own it?
With a market capitalization of Rs 2,15,849.83 crore, the shares of this Capital Goods stock touched a day’s high of Rs. 6,061.15 which is a 0.30 percent decline from the previous closing price of Rs. 6,079.30 apiece. This stock has delivered around 47 percent return in the past year and thus outperformed the nifty index [...]
Stocks to Watch: 4 Stocks that will turn Ex-bonus and split next week
A bonus share is a free additional share given to existing shareholders, usually in proportion to the number of shares they already own. Companies issue bonus shares as a way to distribute accumulated profits to shareholders without paying out cash. For example, a 1:1 bonus issue means for every share a shareholder owns, they receive [...]
Defence stock hits 5% upper circuit after receiving order worth ₹38 Cr from DC Development Noida
The shares of Electrical stock, specializing in the manufacturing and supply of electrical equipment, hit a 5 percent upper circuit upon receiving a work order worth Rs. 37.92 crores from DC Development Noida Ltd Price action With a market capitalization of Rs. 2,763.72 crores on Friday, the shares of Marine Electricals Limited hit 5 percent [...]
EV stock jumps 15% after it launches new EV scooter
The shares of a leading EV manufacturer climbed around 15% on Friday’s trade after the company announced a new product launch across mass and premium segments. Share Price Movement The shares of Ola Electric Mobility Ltd, with a market capitalization of Rs 33,019.47 Crores, closed at Rs 75 per share, around 12% higher than its [...]
Will the Indian rupee fall to ₹90 per USD this year? Here is everything you need to know
Currency devaluation against the US dollar refers to a decline in the value of a country's currency relative to the USD. This often leads to an increase in the cost of imports and a decrease in the domestic purchasing power. Many factors contribute to the devaluation of a currency, including global economic conditions, inflation, trade [...]
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2,000 km of rail network to be brought under indigenous technology KAWACH for safety and capacity augmentation: FM. PTI PRS SR RSN ABM ABM
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A completely paperless, e-bill system will be launched by ministries for procurement, says FM. PTI JD ANZ ABM ABM
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Battery swapping policy to allow EV charging stations for automobiles will be framed, says FM. PTI JD ANZ 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
Real Estate stock hits 20% upper circuit after reporting a 8760% increase in net profits
This Microcap stock has moved up ~66% since March 2023, and hit 20% upper circuit on Wednesday close to an hour after markets opened after the holiday. Reported results for Q1 FY24 late on Monday were more than outstanding. The stock is supported by strong community sentiment and volumes driving momentum toward its 52 week [...]
Green Energy stock hits 5% upper circuit after entering into a partnership with Maharashtra Govt.
Shares of a green energy company hit the 5 percent upper circuit on Wednesday’s early trades after it entered into a strategic partnership with the Maharashtra Government. At 12:11 Pm, its shares were locked at ₹ 356.70 apiece on the Bombay Stock Exchange (BSE). KP Energy informed the exchanges that it has entered into a [...]
Foxconn sees a chance to invest in India for several billion dollars.
Taiwanese electronics manufacturing giant Foxconn sees the potential of investing several billions of dollars in India if it gets to completely implement its plan, a top official of the company said. Hon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the company's second-quarter earnings call on Friday said that the company's Indian arm [...]
In the next two years, Punjab & Sind Bank plans to double its ATM network to 1600.
State-owned Punjab & Sind Bank plans to double its ATM network to about 1,600 in the next two years to increase its touch points and brand visibility. Besides, the bank also intends to open 50 more branches during the current financial year taking the total network beyond 1,600, Punjab & Sind Bank managing director Swarup [...]
Aster DM Healthcare Q1 Results: Revenue rose by 21% YoY and EBITDA grew by 33% YoY
Aster DM Healthcare Aster DM Healthcare Limited is one of the largest private healthcare service providers operating in GCC and in India. With an inherent emphasis on clinical excellence, we are one of the few entities in the world with a strong presence across primary, secondary, tertiary, and quaternary healthcare through our 33 hospitals, 127 [...]
Smallcap Auto Ancillary stocks with a Net Profit Margin of up to 90% to keep on your radar
Net Profits, a popular metric followed in the finance sector, has the eyes of each and every brokerage house, investment advisor, and many other organizations since the net profit figure represents a lot about the company’s future outlook and the capabilities to perform. Listed below are three Auto Ancillary stocks under the ‘small-cap’ category having [...]
Multibagger Mid cap stocks that have a high ROE of up to 63% to keep an eye on
A metric of financial performance referred to as return on equity (ROE) is measured by dividing net income by shareholders' equity. A company's profitability and the effectiveness of its revenue generation are measured by its ROE. The mid-cap stocks with an ROE of over 20% are listed below. Fertilizers and Chemical Travancore Ltd The first [...]
Smallcap FMCG stocks with low PE ratio than industry average to add to your watchlist
The price-to-earnings ratio (P/E) is one of the most commonly used metrics to find undervalued stocks. It is a relative measure of valuation that is compared with the industry P/E and with the historic P/E of a company. When the P/E is lower than the Industry P/E or its historic P/E, it is usually considered [...]
Top 5 stocks in terms of holding value in Rakesh Jhunjhunwala’s portfolio; Are you holding any?
Big Bull Rakesh Jhunjhunwala’s investment journey from ₹ 5,000 to a staggering ₹ 35,000 crore by 2022 has been a remarkable one. He was among India’s most successful investors. He passed away on August 14, 2022, but his legacy lives and shall endure for generations to come. Rakesh Jhunjhunwala had invested in various companies across [...]
3 Ethanol stocks that are trading under ₹ 50 to keep on your radar
To reduce dependency on foreign funds, the Indian government is on the path of mixing 20 percent ethanol into automobile fuel. As a result, the Indian ethanol sector has seen tremendous success in recent months, surpassing the 10% ethanol blending rate five months ahead of schedule. However, in order to meet the government's blending target, [...]
5 Defence stocks in which FIIs increased their stake in the June Qtr; Are you holding any?
Defence stocks have been on the radar amid a remarkable rally in their share prices. Experts opine that defence stocks had minimal representation in the Indian equity market about two years ago, however, they have been unstoppable lately and are leaving investors ecstatic. There is a push towards indigenisation and a possible surge in exports. [...]
Tata Group stock that is trading at a discount of more than 30% to keep an eye on
With the recent downfall witnessed by the Indian securities market, retail investors are in continuous search of stocks to enter at a reasonable price. Listed below is one stock from the Tata Group universe that is currently trading at a discount of more than 30 percent compared to its 52-week high: Tata Elxsi Limited With [...]
Adani Group Stocks Fall as Deloitte Resigns as Auditor and Tension Builds Over SEBI Investigation Into Allegations By Hindenburg Report
Shares of Adani group firms fell on Monday after Deloitte resigned as auditor of the group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other companies in the conglomerate following the report of a [...]
Markets End In Positive Territory After Two Day Fall
Benchmark equity indices bounced back sharply and ended in the positive territory on Monday, helped by fag-end buying in index heavyweights Reliance Industries and Infosys along with a firm beginning in European markets. The 30-share BSE Sensex climbed 79.27 points or 0.12% to settle at 65,401.92. During the day, it fell 500.77 points or 0.76% [...]
Ship Building stock jumps up to 7% after reporting a 133% increase in net profit
This small-cap company stock rose strongly after the announcement of its recent earnings. The stock began trading on Monday at Rs. 650.05 and closed at Rs. 686.90. The stock is currently trading above both the 50-day and 200-day moving averages, and it is 4.2% below its 52-week high. Cochin Shipyard Ltd Government-owned Cochin Shipyard Ltd. [...]
BSE Smallcap stock jumps up to 15% after company’s net profit increases by 164%
This S&P BSE smallcap stock jumped 14% after reporting Q1 FY24 results on Monday. The stock is 1.5% away from its 52 week high, currently trading at Rs. 218, breaking out of stagnant volumes & sideways movement over the week and month of 65k with 6x volumes of 4 lakh. It is trading 3.3% above [...]
Hi-Tech Pipes Q1 ‘24 Result: Company Reports 80% Increase in Net Profits
Hi-Tech Pipes has reported around an 80% rise in its net profit to Rs 8.02 crore during the quarter ended June 30, mainly due to higher revenues. It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's revenue [...]
Shriram Properties Q1 ‘24 Results: Company Reports 59% Increase In Net Profits
Realty firm Shriram Properties on Monday reported a 59% increase in its consolidated net profit to Rs 16.62 crore for the first quarter of this fiscal. Its net profit stood at Rs 10.47 crore in the year-ago period. The total income rose to Rs 157.17 crore during the April-June period of 2023-24 from Rs 145.11 [...]
Stock hits 20% Upper Circuit after company reports 1570% increase in net profits
The Plastic Plumbing products company hit 20% upper circuit within the first hour on Monday after it reported outstanding Q1 FY24 results on Saturday. The stock is locked in at Rs. 68.55 and is 1.4% away from its 52 week high. The stock demonstrates strong momentum, indicated by positive community sentiment driving increasing volumes and [...]
Navratna stock with High FII Holding plunges 4% after company’s Net Profits fall 40%
Shares of this Navratna CPSE company fell 4 percent on Monday after missing the market estimates and exhibiting a dip in the basic operational indicators. The stocks of National Aluminium Company Limited, popularly known as NALCO, are trading in the red today opening at Rs 92.25 and currently trading at a price of Rs 90.60, [...]
Stock hits 20% upper circuit after reporting net profit of ₹ 23 Cr against net loss of ₹ 5.3 Cr in previous year
Shares of a small-cap engineering company hit the 20 percent upper circuit on Monday’s trades to reach an intraday high of ₹ 203.10 apiece on the National Stock Exchange (NSE) after the company reported robust results for the latest quarter. According to an exchange filing, Skipper India reported a net profit of ₹ 23.0 crores [...]
Penny stock hits upper circuit after it received an order worth ₹ 4 Cr from the Indian Railways
The shares of a global leader in LED display production locked around 2 percent upper circuit on Monday’s early trade after the business received a project from Indian Railways. At 11:15 p.m., MIC Electronics Ltd shares touched around 2 percent upper circuit of Rs 27.40 apiece on the National Stock Exchange, and the company has [...]
Small cap stock falls more than 13% after company’s net loss widens by 130%
Shares of this small-cap stock slipped more than 13 percent on Monday after publishing underperforming results with regard to the quarter ending June 2023. With a market capitalization of Rs 1,100 crores, the stocks of GE Power India Limited started their trading session today at Rs 170 and currently trade at Rs 161.45 exhibiting a [...]
Metal stock hits 5% upper circuit after it received an order worth ₹ 28 Cr for supply of Magnesium Powder
In early trading on Monday, the metal stock surged to the upper circuit after the company received an order to supply Magnesium Powder. Southern Magnesium and Chemicals Ltd shares hit the upper circuit of Rs 94.02 apiece, up 5 percent from the previous close price, with a market capitalization of Rs 28 crores. According to [...]
The IPO of Aeroflex Industries will begin on August 22
The initial share sale of stainless steel flexible hose manufacturer Aeroflex Industries Ltd will open for public subscription on August 22. The initial public offering will conclude on August 24 and the bidding for anchor investors will open on August 21, according to the red herring prospectus (RHP). The IPO consists of a fresh issue [...]
Ramkrishna Forgings bags USD 13.65 million order in North America
On the 12th of November 1981, Ramkrishna Forgings Limited was established on a foundation of honesty and blazing ambition. The company provides goods and services to a variety of industries, including those in India and other countries as well as the automotive, railroad, farm equipment, bearings, oil & gas, power, and construction industries. Home-grown Ramkrishna [...]
Capital Small Finance Bank Q1 Results: Total business grew by 15.58% YoY
On April 24, 2016, Capital Small Finance Bank Limited, formerly known as Capital Local Area Bank, began doing business as India's First Small Finance Bank. Since January 14, 2000, Capital Local Area Bank has served as India's largest local area bank before converting to a small finance bank. The Bank was a pioneer in providing [...]
Dolly Khanna stock jumps 5% to hit 52-week high after ex-date for share buyback approaches
Shares of a small-cap company in ace investor Dolly Khanna’s portfolio gained 5.7 percent on Monday’s intraday trades to clock a fresh 52-week high of ₹ 749.00 apiece on the National stock exchange (NSE). At 12:34 PM, its shares were trading at 737.00, up 4.10 percent. According to Control Print’s shareholding pattern for the quarter [...]
Penny stock hits 10% upper circuit after a Bulk Deal worth ₹ 3.67 Crores; Check the details
Shares of this penny stock engaged in the construction business hit the 10 percent upper circuit post a couple of trading hours on Monday. The company is expected to announce its financial results for the quarter ended June 2023 today. With a market capitalization of Rs 315 crores, the stocks of Simplex Infrastructures Limited opened [...]
Vikas Lifecare Q1 Results: Standalone net profit grew by 471% YoY
Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications. Recycling player Vikas Lifecare has posted a manifold jump in its standalone net profit at Rs 13.31 crore during the June quarter, on account of higher income. It had clocked a net profit of Rs 2.33 crore in the April-June period [...]
SpiceJet Q1 Results: Rs. 250 Cr profit in June quater
Indian low-cost carrier SpiceJet has its main office in Gurgaon, Haryana. By number of domestic passengers carried, it is India's second-largest airline, with a market share of 5.8% as of April 2023. No-frills carrier SpiceJet on Monday reported a net profit of Rs 205 crore in the three months ended June, helped by strong air [...]
Defence stock hits 5% upper circuit after it received orders worth ₹ 65 Cr from the Ministry of Defence
The shares of the world's leading provider of defence training solutions touched the upper circuit percent after the company received an order of Rs 64 crore from the Ministry of Defence. At 10:30 p.m., Zen Technologies Limited shares touched a 5 percent upper circuit of Rs 826.70 on the stock exchange. As per the company's [...]
Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits
Shares of this multibagger stock under the ‘small-cap’ category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today. With a market capitalization of Rs 4,300 crores, the stocks of Technocraft Industries (India) Limited are currently trading at Rs 1,888, a gain of around [...]
Amara Raja Batteries Q1 Result: PAT rose by 45.55% YoY
Indian multinational corporation Amara Raja Group has its headquarters in Tirupati. The company is included in the manufacturing of electrical items, packaged foods and beverages, automotive batteries, infrastructure, power systems, sheet metal products and fasteners. Amara Raja Batteries Ltd on Saturday reported a 45.55 per cent increase in consolidated profit after tax at Rs 192.14 [...]
Mukesh Ambani’s Green energy stock jumps after it bags an order worth ₹ 1,130 Cr for a solar project
On Monday, the shares of the leading solar EPC solution provider rose 2.5 percent to Rs 379.80 a share after the company received an order for the solar project. At 12:26 p.m., Sterling and Wilson Renewable Energy Ltd shares were trading at Rs 375.95 a share on the National Stock Exchange, up Rs 5.85 or [...]
SPIC Q1 Result: PAT declined by 35% YoY
The Indian corporation Southern Petrochemical Industries Corporation Ltd., sometimes known as SPIC, produces fertilizer-related goods. The business, which has its headquarters in Chennai, Tamil Nadu, India, was established on December 18, 1969. Southern Petrochemicals Industries Corporation Ltd (SPIC) has reported a decline in its profit after tax for the April-June 2023 quarter at Rs 43.97 [...]
Bank of Maharashtra: Top from the list of PSU lenders for loan and deposit growth of 25% in Q1
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in loan and deposit growth in percentage terms during the first quarter of the current financial year. The deposit and advances of the Pune-based lender recorded a nearly 25 per cent rise, the highest by any public sector bank during [...]
By 2030, India’s ACC battery market demand is expected to reach 220 GWh: Report
The advanced chemistry cell battery market demand in India is expected to grow at a CAGR of 50 per cent from 20 GWh in 2022 to around 220 GWh by 2030, according to a CII report released on Sunday. The growth is expected to be supported by the thriving local battery manufacturing industry and a [...]
Large cap Maharatna PSU stock hits 52-week high after net profits increase by 102%
Shares of a large-cap Maharatna PSU stock gained 1.8 percent on Monday’s early trades to reach a fresh 52-week high of ₹ 180.45 apiece on the National Stock Exchange (NSE). This happened after the company reported robust results for the April to June quarter of the financial year 2023-24. According to an exchange filing, Oil [...]
Early trading markets decline due to weak global trends and foreign fund outflows
Benchmark equity indices declined in early trade on Monday, falling for the third day running, amid weak global market trends and fresh foreign fund outflows. Caution also prevailed in the market ahead of the announcement of wholesale and retail inflation numbers for July later in the day. The 30-share BSE Sensex fell 461.48 points to [...]
2 Undervalued Auto ancillary stocks that delivered multibagger returns of up to 188% in a year
Auto ancillary companies are those that supply various components, parts, and services to the automotive industry. The price-to-earnings ratio, referred to as the P/E ratio, can be used to quickly assess if a stock is overvalued or undervalued. Listed below are Multibagger Auto ancillary undervalued stocks. Shriram Pistons & Rings The Shriram Group, one of [...]
Chemical stocks in which Mutual Funds increased their stake by up to 4.8% in the June Qtr
Mutual fund investments in the stock market are closely watched by retail investors because they invest in substantial quantities that can affect stock price changes. Furthermore, because ordinary investors find it difficult to get all important information about a company, they tend to follow the actions of institutional funds, notably mutual funds, to make investment [...]
Top Stock Picks: 6 Stocks to buy now for an upside of up to 36%
The Benchmark Indices were trading in the red on Friday with the Sensex slipping 366 points and closing at Rs 65,322.65 and the Nifty 50 index slipping 115 points and closing at Rs 19,428.30. Listed below are six stocks one should add to their watchlist for a potential upside of 36 percent: Brigade Enterprises Limited [...]
Fundamentally strong Smallcap stocks that are trading under ₹ 150 to keep on your radar
Companies are said to be fundamentally strong based on excellent financials, such as significant profit growth, a low debt-to-equity ratio, and continuous cash flow. Companies with strong financials will continue to expand and operate regardless of market conditions. Listed below are three small-cap stocks under Rs 150 Manappuram Finance Ltd Manappuram Finance is a Non-Banking [...]
Tata Group stocks that have a high ROCE of up to 82% to add to your watchlist
A company’s return on capital employed (ROCE) assesses its efficiency in generating profits as a percentage of the total capital used by the company. The higher the ROCE is, the better are the chances of generating higher profits. Unlike return on equity (ROE), ROCE considers the total capital employed, i.e., equity shares, preference shares and [...]
4 Large cap stocks that have delivered more than 40% CAGR returns over a period of 5 yrs
Compounded Annual Growth Rate (CAGR), in simple terms, is the annual growth of one’s investments over a specific period of time. It helps investors compare different investments on a consistent basis and make informed decisions. Usually, smaller companies have a high growth potential as compared to larger mature companies. However, here are a few large-cap [...]
Stocks to Watch: 7 Stocks that will trade Ex-Dividend next week
The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield demonstrates how much a particular company is paying in dividends, each year about its stock price. Here are a few stocks that will be trading ex-dividend next week: LIC Housing Finance Ltd LIC [...]
Penny stocks with net profit CAGR of more than 100% in the last 3 years to keep on your radar
The Company’s strong financials depend on long-term goals, strategies, and future plans, all of which have a direct impact on sales and profit. Net Profit 3 Year Compound Annual Growth Rate, or CAGR, is the compounded growth rate of a company's net profits over a five-year period. It is useful in determining if a company's [...]
Alcohol stocks that have a high ROE of up to 31% to keep a watch on
Return on equity(ROE) signifies a company's ability to generate returns on the investments it has received from its shareholders. Return on Equity = Net Income or Profits/Shareholder’s Equity Here are three alcohol stocks with High ROE Tilaknagar Industries Ltd Tilaknagar Industries shares closed at Rs 195.70 a share on Friday, up 1.01 percent from the [...]
₹ 13.50 to ₹ 4070: Multibagger stock turns ₹ 1 Lakh to ₹ 3.01 Cr in 20 Years
Recently, the shares of Billionaire investor Warren Buffett-led Berkshire Hathaway scaled to a record high of $ 5,55,800.00 per share, after its operating profit rose above 10 billion for the first time. Berkshire Hathaway is the most expensive stock in the world and its share price has increased by more than 56 thousand percent since [...]
Puravankara Q1 ‘24 Results: Company Reports 119% Increase in Revenue
Puravankara Limited, one of India’s most trusted real estate players, announced its financial results today for the first quarter (Q1FY24) ending June 30, 2023. The company recorded sales of Rs. 1,126 crores, an increase of 119% Y-o-Y. Sales volume for the quarter stood at 1.36 msft, up by 97% Y-o-Y with a strong collection of [...]
JSPL Q1 ‘24 Results: Company Reports 13% Decrease in Net Profit
Private steel player Jindal Steel and Power Ltd (JSPL) on Friday posted a 13 per cent decline in consolidated net profit to Rs 1,692 crore for the June quarter due to higher expenses. It had clocked a net profit of Rs 1,990 crore in the April-June period a year ago, the company said in a [...]
3 Penny stocks that have delivered net profit growth of more than 120% YoY
The companies with less market capitalization have reported impressive results in the June quarter of FY24, with robust margin expansion, healthy loan growth, and asset quality improvements. Here are three penny stocks with net profit growth of up to 170% YoY Arihant Capital Markets Ltd Arihant Capital Markets Limited is a financial services company offering [...]
ABB India Q2 Results: Company Reports 101% Increase in Net Profit
ABB India's net profit more than doubled to Rs 296 crore in the June quarter mainly due to higher revenues, the company said on Friday. The company reported a net profit of Rs 147 crore in the quarter, a statement showed. Total revenues of the company rose to Rs 2,509 crore in the quarter under [...]
Nykaa Q1 ‘24 Results: Company Reports 8% Increase in Net Profit
Beauty and fashion firm FSN E-Commerce Ventures, which operates under Nykaa brand, on Friday posted 8 per cent increase in consolidated net profit at Rs 5.4 crore for June quarter 2023-24. The company had clocked a net profit of Rs 5 crore in the same period a year ago. Profit attributable to equity shareholders, however, [...]
Multibagger stock hits 10% upper circuit after posting a 92% increase in net profits
On Friday this Multi-bagger stock opened at Rs. 203.70 and went by the upper circuit's 10% upper limit. The company's disclosure of a 92% increase in net profit. The Relative Strength Index (RSI) of this company stands at 71.52 and the stock is trading above the 50-day and 200-day moving average. Genus Power Infrastructure Ltd [...]
Fundamentally Strong stock that is trading at a discount of more than 35%
A company with a “fundamentally strong” nature portrays a specific set of characteristics including lower leverage ratios, strong financial numbers, consistent margins & ratios, etc. Listed below is one such fundamentally strong stock which is trading at a discount of more than 35 percent from its 52-week high: Fine Organic Industries Limited With a market [...]
NIIT Ltd Q1 ‘24 Results: Company Reports 196% Increase in Net profits
NIIT Limited on Friday reported a net profit of Rs 2.2 crore for the first quarter ended June 30, 2023. The company had posted a loss of Rs 4.5 crore in the same period a year ago, the company said in a regulatory filing. The revenue from operations reduced by 33 per cent to Rs [...]
Raymond Q1 ‘24 Results: Company Reports 13x Increase in Net Profit
Diversified group Raymond Ltd on Friday reported a multi-fold growth in consolidated net profit at Rs 1,066.74 crore in the June quarter, helped by gains from sales of its consumer business to Godrej Consumer Product Ltd (GCPL). The leading textile and apparel maker had posted a net profit of Rs 81.93 crore during the April-June [...]
RHI Magnesita Q1 ‘24 Results: Company Reports 27% Decrease in Net profits
Refractory player RHI Magnesita India has posted a 27% fall in standalone net profit at Rs 59.71 crore for June quarter 2023-24 on account of increased expenses. It had logged Rs 81.88 crore net profit during April-June period a year ago, the company said in a regulatory filing. Total income however rose to Rs 678.79 [...]
Semiconductor stocks that might benefit from the recovery of chip shortage in the Indian Market
The Covid-19 pandemic demonstrated how vulnerable global supply chains can be, one of if not the worst affected was the semiconductor industry due to the supply being extremely concentrated due to high barriers of entry i.e., it is an oligopolistic market. For over 3 years, this crisis has affected many sectors and industries, the worst [...]
Multibagger stocks that delivered returns of more than 240% in a year to keep an eye on
The S&P BSE 500 index broadly represents the Indian market. It consists of the top 500 companies listed on the Bombay Stock Exchange (BSE) and covers all major industries in the Indian economy. Here are a few stocks from the BSE 500 that delivered multibagger returns of more than 200 percent in the past year: [...]
Small-cap stock jumps 8% after announcing a 412% increase in net profits
After the release of the latest results on Friday, the stock experienced a strong rise. Currently, the stock is trading at 27% above the 50-day moving average and 34% below the 200-day moving average. The strong and rising volume that has crossed the averages from the previous day and the preceding week is supporting the [...]
Paper stock jumps more than 10% after company’s net profits increase by 180%
Shares of this small-cap stock involved in the ‘Paper’ industry gained more than 10 percent in Friday’s trading session after announcing Q1FY24 results. With a market capitalization of Rs 1,240 crores, the stocks of Satia Industries Limited closed at Rs 124.05 on Friday, a gain of approximately 10.27 percent as compared to the previous close [...]
Dredging Corporation of India Q1 ‘24 Results: Company Reports 196% Increase in Net profits
Dredging Corporation of India Ltd (DCI) on Friday announced returning to black as it posted a net profit of Rs 15.15 crore for the April-June quarter on account of reduced expenses. The company had reported a net loss of Rs 15.71 crore in the April-June period of 2022-23. The total income declined to Rs 205.18 [...]
Kalpataru Projects International Q1 ‘24 Results: Company Reports 28% Increase in Net profits
Kalpataru Projects International on Friday said it posted over 28 per cent rise in consolidated net profit at Rs 113 crore in the June quarter mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 88 crore in the year-ago quarter, a BSE filing showed. Total income of [...]
Apollo Hospitals Q1 ‘24 Results: Company Reports 47% Decline in Net profits
Apollo Hospitals on Friday said its consolidated profit after tax declined by 47% to Rs 167 crore in the first quarter ended June 30, 2023. The healthcare major had reported a PAT (profit after tax) of Rs 317 crore in the April-June quarter of previous fiscal. Revenue grew by 16% to Rs 4,418 crore in [...]
Amara Raja Batteries is going to set up a centre for innovation in Hyderabad
The largest automobile battery producer in India, Amara Raja Batteries Limited, exports to more than 50 countries and provides vehicle batteries to the aftermarket, the best original equipment manufacturers (OEM), and private labelling. Amara Raja Batteries Limited (ARBL) on Friday held the foundation stone laying ceremony of Amara Raja's advanced energy research and innovation centre [...]
Zydus Lifesciences Q1 Results: Net profit increased by 110% YoY
An Indian multinational pharmaceutical firm with its headquarters in Ahmedabad, Zydus Lifesciences Limited, formerly Cadila Healthcare Limited, specializes in the production of generic medications. In 2020, the company was listed as number 100 on the Fortune India 500 list. Zydus Lifesciences Ltd on Friday reported over two-fold rise in consolidated net profit at Rs 1,086.9 [...]
Navratna stock hits 52-week high on Robust results; Announces final dividend
Shares of this Navratna CPSE stock under the ‘small-cap’ category jumped up to 7.50 percent on Friday after announcing Q1FY24 results. In the past one month, the company’s stock has gained nearly 20 percent from Rs 41.45 in mid-July to the current price level. With a market capitalization of Rs 8,800 crores, the stocks of [...]
Stock with high FII Holding jumps 11% after company’s Net Profits increase by 50%
With a market capitalization of Rs 7,200 crores, shares of this small-cap stock gained 11.3 percent post release of Q1FY24 results. The stocks of GMM Pfaudler Limited opened their trading hour on Friday at Rs 1,480 and currently trade at Rs 1,613, a gain of approximately 11.3 percent as compared to the previous close of [...]
Vikas Ecotech gets new orders of Rs. 50 Cr
In the global market for high-end speciality chemicals, Vikas Ecotech is a rising participant. The business is committed to meeting consumer needs and providing the globe with items that are technologically advanced and eco-friendly. Recycling player Vikas Ecotech Ltd (VEL) on Friday announced bagging a Rs 50-crore order for the supply of multiple materials including [...]
Allcargo Logistics Q1 Results: PAT declined by 54% YoY
Allcargo Logistics Ltd on Friday reported a 54 per cent fall in consolidated Profit After Tax (PAT) at Rs 119 crore for the June quarter 2023-24. In the year-ago period, the PAT was at Rs 260 crore, the company said in a statement. Revenue during the quarter under review fell a steep 40 per cent [...]
GIC Re Q1 Results: Net profit increased by 6.1% YoY
The General Insurance Business (Nationalisation) Act, 1972 (GIBNA) effectively nationalized the entire general insurance industry in India. Through nationalization, the Government of India (GOI) acquired the stock in 55 Indian insurance companies as well as the obligations of 52 insurers engaged in the general insurance business. GIC Re on Thursday reported a 6.1 per cent [...]
Stock jumps up to 19% after company reports a 190% increase in net profits
Shares of a mining company notched nearly a 19 percent increase in its share price to reach a fresh 52-week high of ₹ 219.65 apiece on the National Stock Exchange (NSE). This happened after the company reported stellar results for the April to June quarter of the financial year 2023-24. According to an exchange filing, [...]
Small cap stock hits 10% upper circuit after it gets included in MSCI India Small Cap Index
The stock hit 10% upper circuit within the first hour of market open on Friday. The announcement of inclusion in the MSCI India Small Cap Index drove volumes during the hour to more than 6.5x compared to yesterday’s volumes from 5k to 33k. The stock enjoys a bullish sentiment among the community, and from technical [...]
Suryoday Small Finance Bank Q1 results: Profit jumped nearly six-fold
Suryoday Small Finance Bank on Thursday reported a six-fold jump in net profit to Rs 47.6 crore for the first quarter of the current financial year, helped by a decline in bad loans. The lender had reported a net profit of Rs 7.8 crore in the April-June quarter of 2022-23. Its total income increased to [...]
Defence stock falls up to 6% after announcing Q1 results; Misses estimates
Shares of leading equipment suppliers for Defence and aerospace projects fell 6 percent to Rs 2,161.25 in early trade on Friday, despite the company reporting strong Q1 results. At 12:30 p.m. on the National Stock Exchange, MTAR Technologies Ltd shares were trading at Rs 2,210 per share, down Rs 82.20 or 3.59 percent from the [...]
Large cap Bank stock jumps up to 15% after CARE Ratings assigns A1+ credit rating; Check the details
Shares of a large-cap banking stock escalated 15.4 percent to reach an intraday high of ₹ 31.10 apiece on the bourses after CARE Ratings assigned a credit rating to its Certificates of Deposits. At 11:56 AM, its shares were trading 12.06 percent higher at ₹ 30.20 apiece. Indian Overseas Bank informed the exchanges that CARE [...]
ITC places high value on the FMCG industry to expand
ITC Limited is a multinational with its main office in Kolkata. ITC is present in a variety of sectors, including FMCG, hotels, software, packaging, paperboards, speciality papers, and agro. 13 enterprises across 5 market areas make up the organization. It exports its goods to 90 different nations. Diversified conglomerate ITC Limited on Friday said the [...]
Greaves Cotton Limited Q1 Results: Standalone Revenue of Rs. 396 Cr & EBITDA of Rs. 45 Cr
About Greaves Cotton Limited: Greaves Cotton Limited (GCL) is a diversified multi-product and multi-location engineering Company with a rich legacy and brand trust of over 163 years. The Company is a leading name in Fuel Agnostic Powertrain Solutions, E-Mobility, Aftermarket & Retail. The ' Company's diversification strategy is driven by customer-centricity and sustainability. GCL is [...]
Stock to Buy: Fundamentally strong stock gets a buy call with an upside of up to 30%
A company is said to be “Fundamentally Strong” when the company portrays a certain set of attributes including strong and consistent numbers, high profitability metrics, low leverage ratios, and many more. Listed below is one such fundamentally strong stock under the ‘Large-cap’ category with a potential upside of more than 25 percent to add to [...]
Smallcap stocks in which FIIs increased their stake up to 15% in the June Qtr; Do you own any?
Foreign Institutional Investors (FIIs) are considered as market movers. They are institutional investors from outside the country who invest in the stock market of a specific nation. Market players, analysts, and investors closely monitor FII purchase activity because it can give insight into wider market sentiments and investor interest in individual nation stocks. When FIIs [...]
LIC Q1 ‘24 results: Company Reports a Staggering 14x Increase in Net Profits
Life Insurance Corporation of India (LIC) on Thursday reported a multifold jump in its April-June quarter net profit to Rs 9,544 crore. The state-run life insurance behemoth had a net profit of Rs 683 crore in the year-ago period. The total income increased to Rs 1,88,749 crore for the June quarter as against Rs 1,68,881 [...]
Hindalco and Texmaco Enter Into Strategic Alliance in a Rs. 200 Crore Project
Aditya Birla Group flagship Hindalco Industries, and Texmaco Rail & Engineering on Thursday entered into a strategic alliance and announced a Rs 200 crore investment to develop and manufacture aluminum rail wagons and coaches that will help the Railways achieve emission goals and boost operating efficiency. The companies are identifying land in the Eastern region [...]
Torrent Power Q1 ‘24 Result: Company Reports 6% Increase in Net Profit
Torrent Power on Thursday posted over six% year-on-year rise in consolidated net profit at Rs 532.28 crore in the June quarter, mainly on the back of higher revenues. The company had reported consolidated net profit of Rs 502.01 crore a year ago, a regulatory filing said. Total income of the company rose to Rs 7,413.32 [...]
Grasim Industries Q1 ‘24 Result: Company Reports 7% Decline in Net Profit
Aditya Birla Group firm Grasim Industries on Thursday reported a decline of 6.61 per cent in consolidated net profit at Rs 2,576.35 crore for the June quarter, impacted by softening of realisations in domestic business and its subsidiary UltraTech Cement. The company had posted a net profit of Rs 2,758.75 crore during the April-June quarter [...]
Hinduja Global Services Q1 ‘24 results: Company Reports 6% decrease in Net Profits
Hinduja Global Solutions' net profit more than halved to Rs 16.63 crore in just ended June quarter, compared to the year-ago period, hurt by reduction in other income. The total income stood at Rs 1,247.6 crore during the first quarter ended June 2023, compared to Rs 1,321.33 crore in the same period of the previous [...]
Stocks to Watch: Multibagger stocks with net profit margin of up to 45%
Analysts of various Brokerage houses are continuously tracking the basic financial metrics of companies every quarter, and one of the most important parameters under coverage is the “Net Profit Margin” as it showcases the company’s potential in operations. Listed below are four Multibagger stocks that have reported net profit margins of up to 45 percent [...]
Godrej Plans Rs ~515 Crore Greenfield Capex in Tamil Nadu
Fast moving consumer goods major Godrej Consumer Products Ltd will invest Rs 515 crore in Tamil Nadu to set up a manufacturing facility and signed a memorandum of understanding with the state government on Thursday. "We aspire to develop this factory as a lighthouse unit and strive to be among the first few factories in [...]
Midcap stock jumps 8% after revenue increases by 180%; Axis Bank acquires additional 6% stake in it
Shares of a Non-Banking Financial Company (NBFC) witnessed a substantial surge of 9% following a good performance in the first quarter of the fiscal year. This surge was further amplified by news of a significant stake hike by Axis Bank, a prominent player in the banking sector. The company shares trading above the 50-day and [...]
Sensex Falls 307 Points, NIFTY by 90 Points After RBI Monetary Policy
Benchmark equity indices declined on Thursday post the RBI monetary policy, dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. Investors also remained on the sidelines ahead of the US inflation data announcement. The Reserve Bank of India (RBI) on Thursday left its key interest rates unchanged for [...]
Ola Cabs Q1 ‘24 Results: Company Reports 132% Increase in Net Loss
Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening to Rs 3,082 crore in 2021-22, according to financial data accessed by business intelligence platform Tofler. The company's losses have more than doubled on a year-over-year basis, the data showed. "Ani Technologies Pvt Ltd, an online transportation network company (popularly [...]
Paint stock reports 40% increase in net profits; Announces 1:5 stock split
India’s second-largest paint manufacturer recently announced a stock split and its result for the April to June quarter (Q1FY24) of the financial year 2023-24. Its shares settled at ₹ 693.00 apiece on Thursday’s closing bell. According to an exchange filing, Berger Industries’ consolidated profit after tax came in at ₹ 354.91 in Q1FY24, up 39.89 [...]
Vijay Kedia stock hits 5% upper circuit on robust Q1 results; Net Profits increased 1688%
Shares of this Multibagger stock in two Ace Investor’s portfolio hit the 5 percent upper circuit after the company released financial results for the quarter ended June 2023. The stocks of Repro India Limited, with a market capitalization of Rs 1,036 crores, traded in the green on Thursday and closed at Rs 782 apiece. The [...]
NIIT Learning Systems Q1 ‘24 Results: Company Reports Net Profit Flat YoY at 55 crore
NIIT Learning Systems on Thursday reported a consolidated net profit of Rs 55.17 crore for the first quarter ended June 30, 2023. NLSL had posted profit after tax (PAT) of Rs 55.2 crore in the same period a year ago, the company said in a regulatory filing. The revenue from operations grew 22 per cent [...]
Top 5 stocks in terms of holding value in Ashish Kacholia’s portfolio; Do you own any?
Mr. Ashish Kacholia, a well-known ace investor based in India and fondly called the “Big Whale” by the media houses, holds a total of 41 stocks in his portfolio and has a net worth of more than Rs 2,300 crores. Listed below are the top five stocks, in terms of holding value, that are included [...]
Smallcap stock jumps up to 10% after bagging an order worth ₹ 1700 Cr; Check the details
The S&P BSE Smallcap stock hit 52W high, rising 9.7% earlier on Thursday, and its momentum is sustained, indicated by its volumes that are still rising which stand at 4.2 million today, way up from yesterday's 2.5 million and the weekly and monthly averages of 3.2 million and 1.6 million respectively. The stock is trading [...]
CarTrade Tech Q1 ‘24 Results: Company Reports 300% growth in Net Income
CarTrade Tech Limited, one of India's largest online auto platforms, announced its unaudited financial results for the quarter ended June 30th, 2023, today. The Company reported a revenue of Rs. 106.91 crores for the quarter, an Adjusted EBITDA (adjusted for ESOP) for the quarter of Rs. 30.95 crores and PAT for the quarter of Rs.13.51 [...]
Small Cap stock jumps up to 15% on strong Q1 show; Revenues increase 95% YoY
Shares of this small-cap stock providing travel services jumped up to 15 percent on Thursday after the company announced results for Q1FY23-24. In the last one month period, the company’s scrip rose nearly 38 percent from Rs 76.90 to the current price level. With a market capitalization of Rs 5,000 crores, the stocks of Thomas [...]
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