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Green energy stock hits 5% upper circuit after receiving order worth ₹79 Cr for solar modules
Green Energy stock engaged in offering EPC and O&M services for power plants, solar systems, pumping systems, and many others hit a 5 percent upper circuit in the day’s trade upon receiving new work order for solar modules worth ~Rs. 79 Crores. Price Action With a market capitalization of Rs. 1,101 Crores, the shares of [...]
Chemical stock jumps 8% after reporting 68% YoY increase in net profits
This Smallcap Chemical stock which deals in the business of chemicals and commodity products was up by 8 percent in the day’s trade after reporting net profit growth of 68% year on year. Price Action With a market capitalization of Rs. 6,985.31 Crores, the shares of GHCL Limited were up by 8.44 percent in the [...]
Green energy stock jumps 7% after securing multiple orders worth ₹112 Cr
The shares of an SME Engineering stock gained as much as 7% on Friday’s trade after announcing its new orders worth Rs 111.80 Crores across various segments. Share Price Movement The shares of KP Green Engineering Ltd with a market capitalization of Rs 2,506 Crores, reached an Intraday high of Rs 525 per share gaining [...]
Stock Under ₹100 hits 5% upper circuit after receiving order from Hindustan Coca-Cola
Microcap Logistics stock, with a well-diversified portfolio, hit a 5% upper circuit after securing two distinct orders from separate companies for land transportation contracts. Share Price Movement With a market capitalization of ₹121 Cr, the share of Ashapura Logistics (formerly Ashapura Forwarders Limited) opened at a 5% upper circuit of ₹89.80. The stock was recently [...]
Defence stock jumps 5% after receiving work order worth ₹27 Cr from BrahMos Aerospace
The shares of Explosive stock, specializing in the manufacturing of industrial explosives and detonators, jumped 5 percent upon receiving a work order from BrahMos Aerospace Pvt Limited for Rs. 26.40 Crores. Price action With a market capitalization of Rs. 2,293.72 crores on Friday, the shares of Premier Explosives Limited jumped up to 5.15 percent making [...]
Tata group stock jumps 6% after announcing its Q3 results
The shares of a leading FMCG player of TATA Group climbed as much as 6% on Friday’s trade after the company reported its Q3FY25 results. Share Price Movement The shares of Tata Consumer Products Ltd, with a market capitalization of Rs 1 Lakh Crores, as of Friday afternoon were trading around Rs 1,030 per share, [...]
PSU stock jumps 7% after announcing 52% QoQ increase in net profits
This PSU Gas stock which deals in the business of natural gas processing and distribution in India and holds a diversified business portfolio in the trading and sourcing of natural gas, LPG manufacturing was up by 7 percent after reporting a net profit growth of 52% quarter on quarter. Price Movement Gail (India) Limited's stock [...]
Ethanol stock hits 20% upper circuit after company’s net profit increases by 452% QoQ
Leading Small-cap specialty chemical stock hit 20% upper circuit after robust Q3 results. The company saw an impressive 452% QoQ growth in net profits driven by recent government policy impact and revenue growth. Share Price Movement With a market capitalization of ₹1,224 Cr, the share of Gulshan Polyols opened at ₹176, and right after opening [...]
Stock hits 20% upper circuit after reporting 138% QoQ increase in net profits
This Smallcap stock which deals in the business of Granite and is known for its quality, uniqueness, variation, and design under the Pokarna brand hit a 20 percent upper circuit after reporting a net profit growth of 138% quarter on quarter. Price Movement Pokarna Limited's stock in Friday’s session touched a day’s high of Rs. [...]
Power stock crashes 16% after reporting 51% YoY decrease in net profits
The shares of a leading steel producer from Jindal Group fell as much as 16% in today’s trade after posting disappointing Q3 results. Share Price Movement The shares of Jindal Steel and Power Ltd, with a market capitalization of Rs 77,241.07 Crores, hit an 11-month low of Rs 723 per share which was around 16% [...]
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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
Strong Q1 results from Timex Group India, with a focus on brand investment and retail development
About Timex Group India Ltd: Timex Group is renowned for its creation, manufacturing, and global distribution of innovative timepieces. With headquarters in Middlebury, Connecticut, this privately-owned corporation operates through various divisions and employs over 3,000 individuals globally. Timex Group oversees the production of well-known watch brands including Timex, Nautica, Guess, GC, Salvatore Ferragamo, Versace, Philipp [...]
Auto stock hits 10% upper circuit after reporting a 413% increase in net profit
The S&P BSE Smallcap stock’s volumes were rising steadily through the week and today hit 10% upper circuit on Thursday within the first hour since markets opened, at just ~70% of yesterday’s volume. The stock rose 10.0% and made a new 52W High at which it now stands - Rs. 3040.10. Its market capitalization is [...]
Tata Group stock jumps 7% after company reports 271% increase in net profits
Shares of this Tata Group stock jumped 7 percent after announcing Q1FY24 results. In the last five trading sessions, the company’s stock rose more than 11 percent from Rs 1,714.35 to the current price level. The stocks of Trent Limited, with a market capitalization of Rs 67,581 crores, started their trading session on Thursday at [...]
Empowering India’s Energy Landscape with Rising Smart Meter Growth and Resilient Q1 FY24 Results: HPL Electric & Power Ltd.
About HPL Electric and Power Ltd is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. HPL had the largest market share in India's electricity energy meters market, [...]
Penny stock hits 5% upper circuit after company reports 380% increase in net profit
Shares of a market leader in the Container Glass Industry with over 40 percent market share hit the upper circuit after the company announced impressive June quarter financial results. Hindusthan National Glass and Industries Ltd shares touched an upper circuit of 4.6 percent of Rs 12.40 apiece on Thursday's session on the stock exchange, and [...]
Real Estate stock with high FII holding jumps up to 15% after reporting a 116% surge in its revenue
Shares of a small-cap construction company gained 15 percent on Thursday’s early trades to reach an intraday high of ₹ 72.00 apiece on the Bombay Stock Exchange (BSE). This happened after the company reported its results for the April to June quarter of the financial year 2023-24. At 12:32 PM, its shares were trading at [...]
Multibagger Energy stock hits 5% upper circuit after company gets a nod for QIP; Check the details
Shares of this multibagger stock engaged in the ‘renewable energy’ sector hit the 5 percent upper circuit on Thursday after the company is set to launch Rs 2,000 crore QIP. The company’s scrip has soared more than 10 percent in the last five trading sessions from Rs 18.50 to the current price level. With a [...]
V-Guard Q1 Results: Net profit grew by 20% YoY
Manufacturing electricals and home appliances in India, Kochi is the home of V-Guard Industries Ltd. Voltage stabilizers, electrical cable, electric pumps, electric motors, geysers, solar water heaters, electric fans, and UPSs are all produced by the company. Kochouseph Chittilappilly began it as a modest voltage stabilizer manufacturing facility in 1977. Electrical goods manufacturer V-Guard Industries [...]
Bata India Q1 Results: Standalone Net profit declined by 10% YoY
As a division of the Bata Shoe Organization, Bata India is the largest footwear retailer and producer in India. Incorporated in 1931 with the name Bata Shoe Company Private Limited, Bata India Ltd on Wednesday reported a 10 per cent decline in standalone net profit to Rs 107.8 crore for the quarter ended June 30, [...]
Home loans and other borrowers are eligible to move to a fixed-rate regime: RBI
The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor [...]
Defence stock hits 5% upper circuit after it received an order worth ₹ 24 Cr from the President of India
On Thursday, the shares of a micro-cap defence stock hits 5% upper circuit to an all-time high of Rs 372.20 per share after receiving an order from the President of India for the Annual Maintenance of Indian Navy Submarines. At 12:55 p.m., on the Bombay stock exchange, CFF Fluid Control Ltd shares were trading at [...]
Small cap stock jumps up to 14% after company’s net profit increases by 43%
Shares of an ice-cream maker surged 14.4% on Thursday’s intraday trades to reach an intraday high of ₹ 3080.00 apiece on the National Stock Exchange (NSE). This happened after the company announced its results for the latest quarter. At 12:05 PM, its shares were trading at ₹ 2,895.00, up 7.53%. According to an exchange filing, [...]
Penny stocks that have a high Mutual Fund holdings of up to 10.5% to keep on your radar
Fundamentally strong penny stocks are those that trade at a lower price and have a low market capitalization. Penny stocks are considered very highly risky investments due to their speculative character and lack of liquidity. While these companies have the potential for large profits, they also contain major risks, which investors should be aware of [...]
RBI ups its inflation forecast while keeping its FY24 GDP forecast at 6.5 per cent.
The RBI on Thursday retained the GDP growth projection for the current fiscal year at 6.5 per cent and raised the inflation projection marginally to 5.4 per cent due to a spike in vegetable prices, including tomatoes. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said domestic economic activity is maintaining resilience. He [...]
2 Smallcap Tobacco stocks that are debt free to keep an eye on
India is the world's second-largest producer and third-largest exporter of tobacco. The tobacco business employs 46 million people. And the industry is attracting attention from investors to capitalize on the projected growth of tobacco stocks. A debt-free firm is one that has no debt or external borrowing. A debt-free company is one that is completely [...]
Tata Power Q1 ‘24 Results: Company Reports 29% Increase in Net Income
Tata Power on Wednesday posted an over 29 per cent rise in consolidated net profit at Rs 1,140.97 crore in the June quarter on the back of higher revenues. The company had reported a net profit of Rs 883.54 crore in the year-ago quarter, according to a BSE filing. Total income rose to Rs 15,484.71 [...]
Balu Forge Industries Q1 Results: PAT grew by 43%
A cutting-edge producer of fully finished and semi-finished forged engines and forged components is Balu Forge Industries. The company has benefited from incremental innovation and ongoing improvement by becoming the only one with the capacity to produce components that are compliant with the New Emissions Regulations and the New Energy Vehicles. Balu Forge Industries on [...]
Railway stock jumps 7% after company reports a 29% increase in net profits
The stocks of this small-cap company today made waves in the financial markets with a significant surge in its share price. The company's stock experienced a high increase following the release of its latest results. This impressive performance has captured the attention of investors and the market. IRCON International Ltd The company has a market [...]
JB Pharma Q1 ‘24 Results: Company Reports 35% Increase in Net Income
JB Chemicals & Pharmaceuticals Ltd on Wednesday reported a 35 per cent increase in profit after tax at Rs 142 crore in the first quarter ended June 30, 2023. The company had posted a Profit After Tax (PAT) of Rs 105 crore in the same quarter last fiscal, JB Chemicals & Pharmaceuticals (JB Pharma) said [...]
Chemical stock hits 5% upper circuit after company reports 551% increase in net profits
The markets closed off positively on Wednesday, with the Nifty closing up 0.32% at Rs. 19,632.55. Sensex increased 0.23% at Rs. 65,995.81. The stock listed below has given multi-bagger returns within one month. The stock price is supported by strong and increasing volume which has crossed the previous day and one week's average. Premier Explosives [...]
Multibagger smallcap stocks that delivered returns of up to 160% in a month to keep an eye on
Multibagger Stocks are those stocks that have gained over 100 percent in their stock price. These stocks are generally inexpensive and have strong fundamentals, making them excellent investing opportunities. Here are three multibagger small-cap stocks up to a return of 161% in One month Jai Balaji Industries Ltd Jai Balaji Industries belongs to the small-cap [...]
Large cap stock falls 4.5% after promoters to sell 44% stake in the company; Check the details
Shares of a large-cap company plunged 4.5 percent on Wednesday’s trades to reach an intraday low of ₹ 375.25 apiece amid news that its promoters are mulling over selling a stake in the company. Its shares settled at ₹ 377.70 apiece on the National Stock Exchange (NSE). According to a Bloomberg report, the Adani Group [...]
EID Parry Q1 ‘24 Results: Company Reports 34% Decline in Net Income
Sugar manufacturer EID Parry (India) Ltd has reported a decline in its consolidated profit after tax for the April-June 2023 quarter at Rs 324.90 crore due to reduction in export volume, the company said on Wednesday. The company, part of the diversified conglomerate Murugappa Group, had registered a consolidated PAT at Rs 494.19 crore during [...]
TVS Supply Chain Announces IPO after close to 3 decades
TVS Supply Chain Solutions, a part of TVS Mobility Group, is gearing up for the initial share sale that would be open for public subscription from August 10 onwards, officials said on Wednesday. The city-based company is hitting the capital market after a gap of nearly 29 years, Executive Vice-Chairman R Dinesh said. "I think [...]
Miniratna stock falls 7% after net profits of the company decreases by 72%
Shares of this Miniratna Defense stock fell around 7 percent on Wednesday after the company published disappointing results for the quarter ending June 2023. With a market capitalization of Rs 6,500 crores, the stocks of Mishra Dhatu Nigam Limited closed at Rs 346.15 on Wednesday. The company witnessed an intra-day low of Rs 344.15 indicating [...]
Berger Paints Q1 ‘24 Results: Company Reports 40% Increase in Net Profits
Berger Paints India Ltd on Wednesday reported a 40% rise in consolidated net profit at Rs 354.91 crore for the June quarter. The company, which had posted a consolidated net profit of Rs 253.71 crore for the same period in the last fiscal, said its board has approved the issue of one bonus equity share [...]
VST Tillers Tractors Launches Six Series 9 Compact Tractors
TFarm equipment manufacturer VST Tillers Tractors Ltd, on Wednesday announced the launch of six compact tractors. The six new Series 9 models, in the range of 18HP to 36HP, were designed and developed at the company's Hosur plant. The company would launch three more higher HP tractors in September, its CEO, Antony Cherukara, said, adding [...]
NBFC stock gets a Buy call by Brokerage for an upside of 35%
This small-cap financials stock has received a BUY rating from 3 brokerages with a maximum upside of 33% over a 3-month period. The stock has continued to deliver consistent industry-leading financial results over the past quarters with other industry metrics showing improvements on a QoQ basis. Fusion Microfinance Ltd (“Fusion”), unlike the weak industry trend [...]
Markets End Flat: Sees Gainers Across Financials & Infrastructure
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- RBI's monetary policy and the US inflation data -- due [...]
Natco Pharma Q1 ‘24 Results: Company Reports 31.2% Increase in Net profits
Natco Pharma Ltd on Wednesday reported a 31.2 per cent rise in consolidated net profit at Rs 420.3 crore in the first quarter ended June 30, 2023. The company had posted a consolidated net profit of Rs 320.4 crore in the same period last fiscal, Natco Pharma said in a regulatory filing. Consolidated revenue from [...]
OnMobile Global Q1 ‘24 Results: Company Reports 140% increase in Net Profits
OnMobile Global has said its consolidated net profit jumped over two-fold to Rs 9.85 crore in June quarter, mainly on the back of higher revenues. OnMobile Global is a leading player in the cutting-edge mobile gaming and entertainment space, is headquartered in Bangalore with its presence in over 50 countries across the globe. The company [...]
Newly listed Drone stock falls 7% after company reports 54% decline in net profits
Shares of a newly listed drone manufacturing company shed 7.4 percent on Wednesday intraday trades to reach a 52-week low of ₹ 996.00 apiece. This happened even though it received orders from the Ministry of Defence. Ideaforge Technology is a leader in the Indian unmanned aircraft systems (UAS) market, with a market share of 50 [...]
3 Stocks that have a high Piotroski Score of 9 to add to your watchlist
Piotroski Score is a discrete score ranked from ‘zero’ to ‘nine’ with nine being the best and zero being the worst. The score is based on nine different parameters such as net income, long-term debt, current ratio, gross margin, return on assets, asset turnover ratio, dilution of shares, operating cash flows in the current year, [...]
Stock in green after company received an order for Electric Vehicles worth ₹ 115 Cr; Check the details
The shares of India's largest solar engineering company rose 3 percent to Rs 1777.55 per share on Wednesday’s trade after the company secured an order to supply 300 electric vehicles. At 2:31 p.m., On the Bombay Stock Exchange, Gensol Engineering Ltd shares were trading at Rs 1,747 a share, up Rs 48.80 or 2.87 percent [...]
Metal stock jumps 8% after releasing Sales Update for July’23; Hits 52-Week High
Shares of this Metal stock under the ‘small-cap’ category gained 8 percent on Wednesday after the company posted sales updates for the month of July 2023. In the last one month period, the company’s scrip has soared 30 percent from Rs 349.75 to the current price level. The stocks of Shyam Metalics and Energy Limited [...]
Pharma stock that delivered 3,210% returns in a year announces 1:2 stock split; Check the details
A multibagger pharma company listed on the Bombay Stock Exchange has announced a 1:2 stock split. Its shares were trading at ₹ 1649.00 apiece at 02:31 PM on Tuesday. Remedium Lifecare Ltd is in the business of trading in Advanced Pharmaceutical Intermediates and other pharma products. The company in an exchange filing informed that it [...]
Taylormade Renewables gets an order worth Rs. 159 Cr from the AP government
Taylormade Renewables specializes in offering options for renewable energy. The company specializes in producing Solar Parabolic Concentrating Systems for thermal energy-intensive applications including direct or indirect heating, solar drying, solar wastewater evaporation, steam generation for steam cooking and other industrial uses, solar air conditioning, and solar space heating. Taylormade Renewables Ltd on Wednesday said it [...]
Kalyan Jewellers Q1 Results: PAT grew by 33% YoY
T. S. Kalyanaraman created Kalyan Jewellers and used an initial investment of 75 lahks to open the company's first jewellery store in Thrissur, Kerala, India, in 1993. The corporation also has a long history in the wholesale, retail, and trading of textiles. Kalyan Jewellers India on Wednesday reported a 33 per cent growth in consolidated [...]
200th C-130J Super Hercules empennage is delivered by Tata Lockheed Martin Aerostructures.
The Indian Air Force (IAF) is a manufacturer of sophisticated aerostructures. The corporation creates military transport aircraft through design, engineering, and development. Tata Lockheed Martin Aerostructures Ltd on Wednesday said it has achieved the milestone of delivering the 200th C-130J Super Hercules empennage. The company, a joint venture between Tata Advanced Systems Ltd (TASL) and [...]
TD Power Systems Q1 Results: Net profit grew by 24% YoY
One of the top producers of AC generators worldwide is TDPS. A world-class manufacturing facility is located in Turkey, and we have subsidiary offices in Germany, Japan, the US, and Bengaluru, India, where we were founded on April 16th, 1999. TD Power Systems on Wednesday posted over 24 per cent rise in consolidated net profit [...]
Small cap stock jumps up to 7% after company’s net income increases by 75%
This stock rose 7% today after it reported Q1 results Tuesday evening. The stock enjoys some of the highest volumes in the industry, which is supported by increasing volumes over the week and approaching the monthly average. The momentum is reinforced by string technicals in terms of moving averages and other technical oscillators. It has [...]
Sales of pre-owned cars by Maruti Suzuki True Value surpass 50 lakh units.
The largest manufacturer of passenger cars in India is Maruti Suzuki India Limited (MSIL), a division of Suzuki Motor Corporation of Japan. Maruti Suzuki is credited with starting the nation's automotive revolution. The company operates an automobile manufacturing and sales operation in India. Maruti Suzuki India on Wednesday said its pre-owned car business has crossed [...]
Defence stock jumps up to 4.5% after company reports 86% increase in net profits
Shares of this Defence stock under the ‘small-cap’ category jumped 4.50 percent after the company posted Q1FY24 results. In the past six months, the company’s scrip has gained more than 45 percent from Rs 1,454.50 to the current price level. With a market capitalization of Rs 11,900 crores, the stocks of Data Patterns (India) Limited [...]
Bharat Forge Q1 Results: Net profit increased by 33.27% YoY
Bharat Forge is expanding its position as a major supplier of automobile engine parts on the world market. More than 130,000 tons of steel and aluminium crankshafts, connecting rods, and camshafts are produced by Bharat Forge for use in passenger vehicles and SUVs. Auto components major Bharat Forge Ltd on Wednesday reported a 33.27 per [...]
Small cap stock hits 10% upper circuit after reporting 181% increase in revenue
Shares of a small-cap stock hit the 10% upper circuit on Tuesday’s early trades to reach an intraday high of ₹ 278.95 apiece. This happened after the company announced stellar results for the first quarter of the financial year 2023-24. According to an exchange filing, 63 Moons Technologies reported a 181.74% increase in its revenue [...]
Penny stock jumps up to 20% after company reports 230% increase in revenue
On Wednesday, the shares of an NBFC rose 20 percent to Rs 110.8 per share after the company announced impressive June quarter financial results. At 12:20 p.m. on the Bombay Stock Exchange, Visco Trade Associates Ltd shares were trading at Rs 99.84 per share, up Rs 7.36 or 7.96 percent from the previous close price. [...]
Smallcap stock hits 20% upper circuit after reporting a 173% increase in net profits
The shares of a consumer food company hit the 20 percent upper circuit on Tuesday’s intraday trades to reach a new 52-week high of ₹ 17300.80 apiece, following stellar results for the April to June quarter (Q1FY24) of the financial year 2023-24. Its shares were locked at ₹ 17300.80 apiece on the National Stock Exchange [...]
Unilever’s Venture Capital arm invested 14Cr in Health & Wellness Startup
The venture capital and private equity division of Unilever is called Unilever Ventures. By granting access to Unilever's global ecosystem, assets, and knowledge, the company invests in new, promising businesses, boosting their growth. A company is looking for the Personal Care and Digital world-beaters of tomorrow. FMCG major Unilever's venture capital arm Unilever Ventures has [...]
Multibagger stocks in which FIIs increased their stake in the June Qtr; Are you holding any?
Foreign Institutional Investment (FII) includes hedge funds, insurance companies, pension funds, investment banks, and mutual funds that invest in a country outside of the one in which they are registered or headquartered. Such investors generally invest in growing economies like India, as they have a huge growth potential. They have a profound impact on the [...]
GMR Airports Infrastructure Plans to Raise Rs. 500 Cr
GMR Airports Infrastructure Ltd on Tuesday said its board will consider raising funds of up to Rs 5,000 crore during the meeting on August 14. At the meeting, the board will also consider the company's unaudited financial results for the quarter ended June, according to a regulatory filing. The board will consider "raising of funds [...]
EIH Q1 Results: Net profit grew by 61%
EHI International has supplied high-quality technical help, program expertise, and analytical services since 1999. It also offers a comprehensive range of consulting and management services. Hospitality firm EIH Ltd on Tuesday reported an increase of 61 per cent in its consolidated net profit to Rs 106.03 crore in the June quarter. EIH, the flagship company [...]
Adani Ports & SEZ’s Q1 Results: Profit increased by 80%
APSEZ ( Adani Ports and Special Economic Zone Ltd) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. Adani Ports and Special Economic [...]
Birla Corp Q1 Results: Net profit declined by 3.6%
The M.P. Birla Group, one of India's major industrial conglomerates, was founded in 1919. The business is a market leader in the cement sector. having a significant presence in northern, central, and eastern India. The M.P. Birla Group, regarded as a pioneer in the cable industry, has partnerships with international behemoths like Furukawa. Post-tax profit [...]
ADF Q1 Results: Net profit grew by 93%
FMCG company ADF Foods Ltd on Tuesday reported a 93 per cent rise in its consolidated profit after tax (PAT) at Rs 14.7 crore in the June quarter on account of higher revenues. It had reported a PAT of Rs 7.6 crore in the year-ago period, the company said in a statement. The company's revenue [...]
Stocks to Watch: 3 Smallcap stocks in which promoters increased their stake by up to 14.8%
Promoter Shares means the Equity Shares of the Company held by Promoters, together with any rights and/or bonus. Increasing a promoter's stake depicts that the group of people who founded or have a substantial interest in a firm is purchasing additional shares in the company. It is a good indicator since it demonstrates that the [...]
Bank stocks that lowered their NPA by up to 3.17% in the June Qtr to keep on your radar
Banks with lower NPA percentages are perceived as more stable and credible. They have a more robust loan portfolio and a reduced risk of default, both of which are crucial for financial stability. A lower NPA ratio, on the other hand, does not always mean that a bank is fully risk-free. Market circumstances, economic slowdowns, [...]
Khandwa’s 80 MW solar project will be funded by the NTPC arm
NTPC Renewable Energy Ltd on Tuesday emerged as the successful bidder for an 80-megawatt floating solar project at Khandwa in Madhya Pradesh. The energy generated from the project will be supplied to Madhya Pradesh discoms, NTPC said in a statement. NTPC Renewable Energy is a subsidiary of power producer NTPC. "The bidding was conducted on [...]
Sebi suspends Mavji Haribhai Commodities’ registration in the NSEL paired contracts case.
Capital markets regulator Sebi has suspended the registration of Mavji Haribhai Commodities for its involvement in illegal paired contracts on the now defunct National Spot Exchange Ltd (NSEL). By providing access for taking exposure to paired contracts, the broking firm's clients were exposed to the risk involved in trading in a product that did not [...]
Brigade Enterprises Q1 Results: Net profit declined by 56% YoY
One of India's top real estate developers, The Brigade Group, has more than 35 years of experience in creating rewarding experiences for all parties involved. Bengaluru-based Brigade Enterprises has developed many residential, commercial (office and retail) and hotel projects across South India in the cities of Bengaluru, Mysuru, Hyderabad, Chennai and Kochi. Realty firm Brigade [...]
Coal India Q1 Results: Net profit declined by 10% YoY
In November 1975, the government-owned coal mining company Coal India Limited (CIL) was established. In spite of its low initial production of 79 Million Tonnes (MTs), CIL is now the world's largest coal producer. Coal India on Tuesday posted a 10.1 per cent fall in its consolidated net profit to Rs 7,941.40 crore for the [...]
HOCL Q1 Result: Net loss increased to Rs 23.03 crore.
A government-owned chemical corporation called Hindustan Organic Chemicals Ltd. (HOCL) specializes in the production and marketing of organic chemicals. It focuses on domestic chemical intermediate production to boost domestic businesses and lessen the nation's reliance on imports. State-owned Hindustan Organic Chemicals Ltd (HOCL) on Tuesday posted a consolidated net loss of Rs 23.03 crore for [...]
Multibagger stocks under ₹ 60 that delivered returns of up to 135% in a year to keep on your radar
Multibagger stocks are defined as those that provided investors with returns of more than 100% within a single calendar year. Two stocks that generated multi-bagger gains are listed below. IRFC LTD The Indian Railways' designated financial division is called the Indian Railway Finance Corporation (IRFC). The firm was established in December 1986 to raise money [...]
Tata Power would spend Rs 13,000 crore on two pumped hydro storage projects in Maharashtra.
One of India's leading integrated power businesses, Tata Power offers next-generation client Tata Power, one of India's top integrated power companies, provides clients with cutting-edge solutions including solar rooftops, EV charging stations, and home automation in addition to having a presence along the whole value chain of traditional and renewable energy. Tata Power has 12772 [...]
Chambal Fertilisers Q1 Results: Consolidated net profit declined by 1% YoY
One of India's top producers of fertilizers in the private sector is Chambal Fertilizers and Chemicals Limited. The company produces more than 3.4 million MT of urea annually, which represents close to 15% of all urea produced in the nation. Chambal Fertilisers and Chemicals Ltd on Tuesday posted a marginal drop of 0.9 per cent [...]
GE T&D India Q1 Results: Company reports 344% Increase in Net profit YoY
The listed company for GE's Grid Solutions division in India is GE T&D. GE T&D India is a major player in the power transmission and distribution industry with more than 100 years of history in India. GE T&D India has five manufacturing facilities and is equipped to fulfil the industry's rising need for grid products [...]
Hindalco Industries Q1 Results: Company’s Net profit declined by 40%
Aditya Birla group company Hindalco Industries is the world’s largest aluminium company by revenue, and a major player in copper serving more than half of India’s copper requirement. Hindalco Industries Ltd on Tuesday posted over 40 per cent fall in its net profit to Rs 2,454 crore for the quarter ended on June 30, dragged [...]
Vijay Kedia stock jumps 18.6% after reporting 46% increase in net profit; Announces stock split
The share price of a small-cap auto ancillary stock held by Dolly Khanna and Vijay Kedia surged 18.6 percent to reach a new all-time high of ₹ 1038.80 apiece on the National Stock Exchange (NSE) after the company announced its result for the first quarter of the financial year 2023-24 and a stock split. Talbros [...]
National Fertilisers Q1 results: Reported consolidated net loss of Rs. 121.43 Cr.
NFL, a Schedule 'A' and Mini Ratna (Category-I) Company with its registered office in New Delhi, was established on August 23, 1974. Its corporate headquarters are in NOIDA (U.P.). NFL has five gas-based ammonia-urea facilities, including two each in the Madhya Pradesh districts of Vijaipur and District Guna and Nangal and Bathinda in Punjab. State-owned [...]
Jain Irrigation Q1 Results: Consolidated net profit at Rs. 36.64 Cr.
The Jalgaon-based company is into manufacturing micro-irrigation systems, PVC and HDPE pipes, plastic sheets, agro-processed products, and other agricultural inputs. Jain Irrigation on Tuesday posted a consolidated net profit of Rs 36.64 crore in the June quarter on strong sales. The company had posted a net loss of Rs 5.79 crore in the year-ago period, [...]
Borosil Renewables Q1 Results: Reported Net Loss of Rs. 11.53 Cr
India's sole manufacturer of solar glass is Borosil Renewables Ltd. The company produces a variety of consumer, scientific, and lab goods. The current solar glass production capacity is 450 TPD, which is enough solar glass to make 2.8 GW of solar modules. The recent acquisition of Interflora Group, the largest solar manufacturer in Europe with [...]
In 2021–2022, BCCI paid Rs 1,159 crore in income tax, a 37 per cent increase from the prior year.
The Board of Control for Cricket in India (BCCI) has paid Rs 1,159 crore in income tax in the 2021-22 fiscal, 37 per cent higher than the previous year. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary gave details of the income tax paid by [...]
FMCG stock jumps up to 4.5% after Promoter bought 3.24 Lakh shares via Bulk Deal
Shares of this small-cap stock involved in the “consumer food” sector gained up to 4.50 percent post a Bulk Deal transaction pertaining to the company’s shares. With a market capitalization of Rs 9,645 crores, the stocks of Zydus Wellness Limited closed at Rs 1,515.75 in Tuesday’s trading session. The company’s scrip witnessed an intra-day high [...]
The government’s GeM site will be redesigned and built under a TCS bags contract.
IT major Tata Consultancy Services on Tuesday said it has bagged a contract from the government to redesign and build a new version of the public procurement platform Government e-Marketplace (GeM). The GeM platform provides an end-to-end online marketplace for the central and state government bodies, including public sector undertakings, for procurement of common-use goods [...]
Engineering stock makes 52w high after EBITDA rises 1,157% and Promoter’s pledge reduces to zero
This Engineering stock has risen 6% and made a new 52W high after reporting outstanding Q1 FY24 results and announcement of promoters releasing their share pledges all the way down to 0%. The trend is supported by increasing volumes over time periods - today 1 cr+ vs monthly and weekly averages of ~87 cr and [...]
Green Energy stock jumps up to 5% after block deal worth ₹ 3,920 Cr; Check the details here
Shares of a green energy company gained 5 percent on Tuesday’s intraday trades and crossed the ₹ 1,000 mark to reach an intraday high of ₹ 1014.80 apiece on the National Stock Exchange (NSE) after Qatar Investment Authority picked a stake in it. Its shares settled at ₹ 991.00 apiece. According to data available on [...]
Adani Ports Q1 Results: Company’s Net profit grew by 80% YoY
APSEZ is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday posted over 80 [...]
Energy stock jump up to 8% after bagging an order worth ₹ 2,209.84 Cr; Check the details
Shares of this multibagger energy stock jumped up to 8 percent on Tuesday after the company’s subsidiary bagged an order worth Rs 2,209.84 crores. The company has a market capitalization of Rs 4,900 crores. The stocks of Genus Power Infrastructures Limited started their trading session today at Rs 182.40 and currently trade at Rs 190. [...]
Railway stock hits 5% upper circuit after company’s net profit increases by 374%
The company has a market capitalization of 9,308 Cr, making it a small-cap company. The new 52-week high was reached on Tuesday when the stock price reached a 5% upper circuit at Rs. 233 a share. In six months, Jupiter Wagons Ltd. generated 134% returns (making a one lakh investment worth 2.34 lakh rupees today), [...]
Tata Group stock falls 3.5% after company’s net profit declines by 15%
Shares of this mid-cap Tata Group stock fell up to 3.50 percent on Tuesday after releasing financial results for Q1FY23-24. With a market capitalization of Rs 25,730 crores, the stocks of Tata Chemicals Limited opened at Rs 1,010 on Tuesday and currently trade at the same price. The intra-day low price of Rs 1,002.30 apiece [...]
MobiKwik Q1 ‘24 Results: Company Reports First Ever Profit of Rs. 3 Crore
Unicorn Fintech firm MobiKwik on Tuesday reported its first ever consolidated profit at Rs 3 crore in the first quarter ended June 30, a senior company official said. MobiKwik Co-Founder and COO Upasana Taku told PTI that MobiKwik has become the first fintech firm to post consolidated profit and expects to maintain the momentum throughout [...]
Miniratna stock jumps up to 5.5% after company received an order worth ₹ 700 Cr
The shares of one of the largest telecom infrastructure provider rose over 5.5 percent and hit a 52-week high of Rs 182.65 during early trade on Tuesday after the company received a work order worth Rs 700 crore. At 1:30 p.m., On the National Stock Exchange, Railtel Corporation of India Ltd shares were trading at [...]
Godrej Consumer Products Q1 ‘24 Results: Company Reports 7.6% Decrease in Net Income
FMCG major Godrej Consumer Products Ltd on Monday reported a 7.62 per cent decline in consolidated net profit to Rs 318.82 crore in the June quarter due to expenses incurred on exceptional items. The company, which had posted a net profit of Rs 345.12 crore in the April-June period last year, said its board on [...]
EV stock falls up to 9% after company reports a 72% decline in net profits
This electric vehicle company recently announced a technical partnership with Reliance Industries for its buses. After delivering multibagger returns in a span of merely six months, its share price tumbled 9 percent on Tuesday’s early trades as it announced its result for the April to June quarter of the current financial year (Q1FY24). According to [...]
Bayer CropScience Q1 ‘24 Results: Company Reports 8.6% Increase in Net Income
Bayer CropScience on Monday posted an 8.55 per cent increase in net profit to Rs 328.5 crore for the June quarter on the back of higher income. Its net profit was Rs 302.6 crore in the same quarter of the previous financial year, according to a regulatory filing. Total income of the company in the [...]
Max Healthcare Q1 ‘24 Results: Company Reports 27% Increase in Net Income
Max Healthcare Institute on Monday said its profit after tax (PAT) increased by 27% to Rs 291 crore in the June quarter. The healthcare provider said its PAT stood at Rs 229 crore in the April-June quarter of the last fiscal. Net revenue increased to Rs 1,629 crore in the June quarter from Rs 1,393 [...]
Midcap stock in green after company received an order from the Indian army to supply drones
The shares of one of India's leading agri solutions provider gained a percent after its subsidiary secured an order from the Indian army to deliver 200 drones. At 1:05 p.m.,On the National Stock Exchange, Coromandel International Ltd shares were trading at Rs 1,062 a share, up Rs 15.35 or 1.47 percent from the previous close [...]
Dolly Khanna stock falls up to 12% after company’s net loss increases by 300%
Shares of this small-cap stock engaged in the ‘textile & apparel’ industry dipped up to 12 percent after releasing underperforming results during the quarter ended June 2023. The company has a market capitalization of Rs 1,700 crores. The stocks of Monte Carlo Fashions Limited started their Tuesday’s trading session at Rs 849 and currently trade [...]
EFC (I) Q1 ‘24 Results: Company’s Net Income Rises 5 Fold
EFC (I) Ltd, an integrated office infrastructure and design company, has reported a multi-fold jump in its consolidated net profit at Rs 3.17 crore in the first quarter of this fiscal year. Its net profit stood at Rs 25.77 lakh in the year-ago period. Total income also grew sharply to Rs 57.04 crore in the [...]
Auto ancillary stock jumps 19% after company reports 227% increase in net profits
This Auto Ancillary stock hit 52W high and has risen 19%, making a new 52W high on Tuesday after reporting phenomenal Q1 FY24 earnings earlier today. It shows a buoyant trend - volumes have been consistently rising and today have increased 9 fold compared to yesterday and the monthly average. The market cap currently is [...]
Green Energy stock jumps up to 7% after FII and Mutual fund to buy stake via block deal
A renewable energy company’s share price zoomed 6.7 percent on Tuesday’s early trades to clock a fresh 52-week high of ₹ 224.80 apiece on the National Stock Exchange (NSE) after its shares reportedly changed hands in large deals. At 12:37 PM, its shares were trading at ₹ 218.30, up 3.66 percent. Reports suggest that the [...]
BEL eyes Rs 20,300 crore turnover in 2023-24 with push from indigenous products expected to drive growth
State-run Bharat Electronics Limited has set a target of Rs 20,300 crore for financial year 2023-24 as demand for indigenous products is driving growth for the company, its Chairman and Managing Director Bhanu Prakash Srivastava said on Tuesday. He also stated the order book of the 'Navratna' PSU under the Ministry of Defence stands at [...]
Pharma stock hits 20% upper circuit after company’s net profit increases by 147%
A mid-cap firm, the company has a market value of Rs. 26,534 Cr. Tuesday's stock price touched a 20% upper circuit at Rs. 1,611.05 per share after starting the day at Rs. 1500. The explanation for these Q1 FY24 outcomes. Gland Pharma's revenue rose by 33% YoY from Rs. 931.3 Cr in Q1 FY23 to [...]
Smallcap stock jumps up to 12% after reporting a 21% increase in Net Profits YoY
The shares of this pharma stock under the ‘small-cap’ category rose up to 12 percent today after the entity announced Q1FY23-24 results. In the past six months, the scrip has gained close to 40 percent from Rs 705.40 to the current price level. With a market capitalization of Rs 7,400 crores, the stocks of Caplin [...]
Penny stock under ₹ 15 jumps up to 4% after FPI increased their stake in the company
On Tuesday, shares of one of India's leading FMCG company jumped 4 percent to Rs 14 per share after a Singapore-based FPI increased its stake in the company. At 12:05 p.m. on the Bombay Stock Exchange, Mishtann Foods Ltd shares were trading at Rs 13.75 a share, up 1.48 percent from the previous close price. [...]
Multibagger Ashish Kacholia stocks that delivered returns up to 243% in a year; Do you hold any?
Every investor in the securities market is in continuous find of stocks that have the capability of giving multi-fold returns to them. Listed below are three multibagger stocks in well-known ace investor Mr. Ashish Kacholia’s portfolio: Knowledge Marine & Engineering Works Limited With a market capitalization of Rs 1,425 crores, the shares of Knowledge Marine [...]
Fundamentally strong Penny stocks with a good track record to keep an eye on
Fundamentally strong companies that have robust financials, such as significant profit growth, a low debt-to-equity ratio, and continuous cash flow. Penny stocks belong to the inexpensive category, with low market capitalizations and limited liquidity in their stocks. Those stocks are more volatile in the market. Listed below are two fundamentally strong Penny Stocks International Conveyors [...]
Sugar stock reports 493% increase in net profits in Q1; Check the details
The company's total market capitalization is Rs. 8,137 Cr, which placed it in the small-cap category. The company share closed 2.20% down at Rs. 403.60 on Monday. In FY 23, the income from the sugar segment was Rs. 4,339 Cr, the revenue from the distillery segment was Rs. 1,164 Cr, and the revenue from other [...]
IPO Update: Concord Biotech Subscribed 2x on Day 2
The initial public offer of Concord Biotech was subscribed 2.03 times on the second day on Monday. Kotak Mahindra Capital Company, Citigroup Global Markets India and Jefferies India are the managers to the offer. The Rs 1,550.59-crore public offering received bids for 2,34,03,680 shares against 1,15,13,609 shares on offer, according to NSE data. The portion [...]
India Cements Q1 Results: Company reports Net Operating Loss of Rs. 73.6 Crore
India Cements Ltd on Monday reported a consolidated net loss of Rs 73.58 crore in the April-June quarter mainly due to reduction in selling price and loss of volume. The company had posted a net profit of Rs 83.83 crore during the April-June quarter a year ago, India Cements Ltd (ICL) said in a regulatory [...]
Zomato shares jump nearly 18% to breach the ₹ 100 mark after announcing its result; Is it really profitable?
Shares of online food delivery platform Zomato zoomed nearly 18 percent in a time span of two days, after the company announced its result for the latest quarter. The company reported its first-ever profit after tax of ₹ 2 crore in the April to June quarter (Q1FY24), as compared to a net loss of ₹ [...]
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