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Railway stock jumps 8% after bulk deal worth ₹146 Cr
The shares of Railway stock, specializing in the production of railway wagons, coaches, and other transport equipment, jumped 8 percent following the bulk deal involving Atyant Capital India Fund Price action With a market capitalization of Rs. 15,141 crores on Friday, the shares of Jupiter Wagons Limited jumped up to 8 percent making a high [...]
Fertilizer stock jumps after announcing capex plan of ₹4,000 Cr to increase production capacity
India's fertilizer sector is integral to the nation's agrarian economy, contributing to its GDP. With a growing population and increasing food demand, the need for fertilizers is expected to rise. Government policies, subsidies, and investments in infrastructure aim to enhance domestic production and improve supply chain efficiencies, creating a positive growth outlook for the sector. [...]
Railway stock jumps 4% after receiving order worth ₹164 Cr from Manipur Govt.
The Government of India has been making significant strides in modernizing Indian Railways, with a focus on improving infrastructure, enhancing safety, and upgrading technology. Initiatives include the introduction of high-speed trains, better signaling systems, and electrification of routes. One of the flagship projects is the Vande Bharat Express, a semi-high-speed train designed to offer a [...]
Market leader stock jumps 7% after reporting 33% YoY increase in net profits
This Auto component stock which deals in the business of providing design-to-delivery aesthetics solutions, and the ability to design, manufacture, and develop a product portfolio for a variety range of clients is up 7 percent after reporting a net profit growth of 33%. Price Movement S.J.S. Enterprises Limited's stock in Friday’s session touched a day’s [...]
IT stock jumps after receiving multi-million dollar order from Etihad Airways
The stock of one of India’s leading IT company is in focus after it announced they have received an order from a Middle Eastern airline, for migration of legacy systems and operational efficiency. Share Price Movement With a market capitalization of ₹ 3,26,823 Cr, the share of Wipro opened at ₹ 311, and after opening [...]
High dividend paying stock to buy now for an upside potential of more than 25%; Do you own it?
The shares of one of the leading mining stocks in India specializing in mining and production of Coal and also operates Coal washeries are in focus after brokerage company Motilal Oswal initiated a Buy Target on it with a 26 percent upside potential. Price action With a market capitalization of Rs. 2,31,348 crores on Friday, [...]
Solar stock held by BlackRock jumps 15% after reporting 260% YoY increase in net profits
BlackRock held solar stock which is the largest solar PV module manufacturer in India jumped upto 15 percent in the day’s trade upon declaring its Q3FY25 results with a 260 percent jump in net profits. Price Action With a market capitalization of Rs. 70,294 Crores, the shares of Waaree Energies Limited were trading at Rs. [...]
Cable stock jumps 8% after reporting 171% YoY increase in net profits
Indian Midcap wiring stock jumped 11% after announcing a 171% increase in its net profits and expansion plans in Q3FY25. Share Price Movement With a market capitalization of ₹6,634 Cr, the share of Bansal Wire Industries opened at ₹407 and made an intra-day high of ₹429 after scaling by 8%. The share closed near-day highs [...]
Fertilizer stocks in focus after the anticipation of a budget allocation of ₹1.7 Lakh Cr
In today’s market session, fertilizer stocks were rallying two days ahead of the 2025 Union Budget presentation, which will be held on February 1st. Market experts expect the Finance Minister to allocate Rs 1.7 lakh crore for fertilizer subsidies, which is a small surge from the Rs 1.64 lakh crore from the previous year’s Budget. [...]
Penny stock jumps 14% after its net profit increases by 1464% YoY
The shares of this NBFC penny stock surged around 14% in today’s trade after posting a jump in Net profits of around 1500% YoY in Q3FY25. Share Price Movement The shares of Advik Capital with a market capitalization of Rs 133.87 Crores, rose as much as 14% with an intraday high of Rs 2.27 per [...]
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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
Keystone Realtors Q1 Results: Company Reports 9 fold Increase in Net Income YoY
Realty firm Keystone Realtors Ltd on Monday reported an over 9-fold jump in its consolidated net profit at Rs 46.97 crore for the June quarter on higher income. Its net profit stood at Rs 4.97 crore in the year-ago period. Total income increased to Rs 282.82 crore during the April-June period of 2023-24 fiscal from [...]
CDSL Q1 Results: Company reports 4% increase in Net Income YoY
Central Depository Services (CDSL), which is the only publicly traded depository in Asia, on Monday reported a marginal 4% on-year growth in net income at Rs 92 crore in the April-June quarter FY24. Total income of the city-based company, which was also the first in the category to go public, rose 8% on-year to Rs [...]
Emami Q1 results: Company reports 88% increase in Net Income
Driven by robust growth, FMCG player Emami Limited on Monday said its consolidated net profit for the first quarter of FY'24 surged by 88 per cent to Rs 136.75 crore, compared to Rs 72.69 crore in the corresponding quarter of the previous year. The company's consolidated revenues grew by 7 per cent to Rs 826 [...]
5 Railway stocks jump up to 12.5% after Narendra Modi announced $3 Billion redevelopment project
The Indian government planned to redevelop 1300 major railway stations across the country under the Amrit Bharat Station Scheme. Redevelopment of 508 railway stations began on August 6,2023 after Prime Minister Narendra Modi laid the foundation stone for the projects, which are estimated to cost $3 billion (Rs 24,470 crore). Under the redevelopment project, 508 [...]
RateGain Q1 Results: Company’s Net Income up by 196%
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global provider of AI-powered SaaS solutions for the hospitality and travel industry, today announced its financial results for Q1 FY24 ending on June 30, 2023, reporting robust revenue growth and improving profitability as the companies continue to build on a record year last year. For Q1FY24, the quarter [...]
Multibagger stock with 205% returns announces 1:5 stock split; Check the record date here
The board of directors of a small-cap company in the telecom sector recently announced the record date for a 1:5 stock split. At 02:30 PM, its shares were trading at ₹ 868.00 apiece on the Bombay Stock Exchange (BSE). Avantel in an exchange filing said that its board has fixed August 16, 2023, as the [...]
TCIEXPRESS Q1 Results: Net Income up 4.2%
During Q1 FY24, TCIEXPRESS achieved its revenue of Rs. 306 crores, registering a growth of 4.8% on a year-on-year basis. EBITDA for the quarter was Rs. 48 crores, representing a sequential growth of 7.0% with a margin of 15.6%. Profit after tax was Rs. 32 crores with a margin of 10.6%, up by 4.2% from [...]
NBFC stock jumps up to 10.5% after company’s net profit increases by 43% in Q1
An NBFC Stock with a market capitalization of Rs 2,184 crore surged 10.5 percent on Monday to reach a 52 week high price of Rs 369 apiece following the company's outstanding June Quarter financial results. Repco Home Finance Ltd. shares were trading at Rs. 349.20 a share on the National Stock Exchange at 2:18 p.m., [...]
Multibagger Tata Group stock to turn ex-dividend next week; Are you holding it?
“Dividend” is a regular profit-sharing payment that is made between a company and its stakeholders. A company's Board of Directors is the decision-making authority when it comes to the determination of dividends to be paid on each share. Dividend stocks are potential sources of a stream of income, especially during inflationary periods. Listed below is [...]
On August 10, TVS Supply Chain Solutions’ Rs. 880 Cr IPO will begin
TVS Supply Chain Solutions, part of TVS Mobility Group, on Monday, said it has fixed a price band of Rs 187-197 per share for its Rs 880 crore Initial Public Offering (IPO). The initial share sale will be open for public subscription during August 10-14 and the bidding for anchor investors will open on August [...]
Miniratna PSU stock falls 5% after company stops pellet production due to raw material shortage
Shares of a Miniratna company pared 5.17 percent on Monday to reach an intraday low of ₹ 213.85 apiece on the National Stock Exchange (NSE) after the company said that it will be stopping production at its Mangalore plant. KIOCL informed the exchanges that the company has stopped pellet production at its manufacturing unit in [...]
Cable stock jumps up to 6.5% after it secures order worth ₹ 250 Cr from Indian Government
The company's shares rose 5% on Monday, and had announced shortly prior to the weekend a Rs. 250 crore deal signed with a Public Sector Undertaking (“PSU”) entity. The deal duration is 3 years in which Sterlite Technologies Ltd (“STL”) is to design, build, commission and maintain 2 data centers which are set to service [...]
Stock to Buy: Fundamentally strong Auto stock gets a BUY call with an upside of 30%
A company is said to be “fundamentally strong” when it portrays a certain set of characteristics such as strong financial numbers, lower leverage ratios, etc. Listed below is one such fundamentally strong stock engaged in the “Automobile” sector with a potential upside of more than 30 percent: Mahindra & Mahindra Limited The shares of Mahindra [...]
Sunsure Energy and Kajaria Ceramics Limited execute an Open Access Solar PPA for the supply of RE Power to Kajaria’s facility in Sikandrabad, Uttar Pradesh.
Sunsure Energy Sunsure Energy is one of India's largest C&I focused Renewable Energy Power Producers. Sunsure is backed by Partners Group AG with a $400 million equity investment for developing over 3 GW of RE assets by 2027. Founded in 2015, Sunsure has developed and installed solar power plants for power-intensive industrial customers across 16 [...]
Vikas Ecotech announces its move into the conventional energy sector; Receiving a coal supply deal from Prism Johnson
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. Vikas Ecotech Limited (VEL) on Monday announced its foray into the conventional energy segment after receiving a Rs 20-crore coal supply [...]
Visnu Chemicals finishes fundraising Rs. 200 Cr through QIP (Qualified Institutional Placement)
At its facilities in Andhra Pradesh's Medak District and Chattisgarh's Bhilai, Vishnu Compounds pioneered the production of chrome compounds such as sodium dichromate, potassium dichromate, basic chromium sulphate, and yellow sodium sulphate over a 17-year period. Speciality chemicals maker Vishnu Chemicals Ltd on Monday said it has raised Rs 200 crore via qualified institutions placement [...]
Leading Automotive OEM supplier gained after it received order worth ₹ 180 Cr from overseas customer
On Monday, the shares of a leading original equipment manufacturer in the automotive industry rose 2.3 percent to Rs 908 apiece,upon an Rs 180 crore order for original equipment supply from a foreign customer. At 1:30 p.m., Divgi TorqTransfer Systems Ltd shares were trading at Rs 891.45 a share on the National Stock Exchange, up [...]
Stock jumps up to 20% after company to acquire shares in Reliance Infra and Reliance Power
Shares of a non-banking financial company (NBFC) appreciated to the tune of 20 percent on Monday’s early trades to reach a fresh 52-week high of ₹ 495.75 apiece on the National Stock Exchange (NSE). At 12:46 PM, its shares were trading at ₹ 488.95 apiece. Authum Investment & Infrastructure is engaged in the business of [...]
Large cap stock jumps 7% after Promoter to acquire 10.38% stake in the company
One 97 Communications Ltd (“Paytm”) is up 6.95% on Monday after the announcement of Founder, Managing Director and CEO of Paytm - Vijay Shekhar Sharma (“Mr. Sharma'') entering to a definitive agreement on 7th August with Antfin, netherlands to acquire 10.38% stake, wherein Antfin will transfer 65,335,101 shares of the company in a non cash [...]
Smallcap stock jumps up to 10% after company’s net profit increases by 106% in Q1
The shares of one of the leading player in Electronics Manufacturing Services gained 10 percent to an all-time high of Rs 1,715 apiece on Monday morning following the company’s impressive June Quarter financial results. At 12:36 p.m., PG Electroplast Ltd shares were trading at Rs 1,655 a share on the National Stock Exchange, up Rs [...]
Piramal Alternatives contributes Rs 225 Cr to Harmony Organics
Harmony Organics is a Pune-based company that manufactures Phenyl Ethyl Alcohol (PEA) and its aroma chemicals are used in the fragrance and flavour industry. The company's flagship products are PEA and Cinnamic Aldehyde, with an installed production capacity of 20,000 tonnes per year at its factory located in Pune. Speciality chemicals company Harmony Organics on [...]
Defence stock hits 10% upper circuit after company reports 474% increase in net profits
Shares of a small-cap defence stock surged 10 percent to hit the upper circuit on Monday’s early trades after the company reported stellar results for the April to June quarter (Q1FY24). Its shares were locked at ₹ 674.85 apiece on the National Stock Exchange (NSE). Zen Technologies is a leading provider of defence training solutions [...]
Monopoly stock jumps up to 7% after company reports highest ever net profit
Shares of this small-cap stock engaged in the Information Technology (IT) sector jumped up to 7 percent after announcing results for Q1FY23-24. Year-To-Date, the company’s stock has gained more than 50 percent from Rs 1,048.85 to the current price level. With a market capitalization of Rs 8,500 crores, the stocks of CE Info Systems Limited [...]
Fundamentally strong IT stocks with FII holding of more than 20% to keep an eye on
Companies with a strong financial foundation, such as those with a high return on equity, good earnings growth, low debt-to-equity ratios and good net profit growth, are considered to be fundamentally strong companies. Listed below are two such fundamentally strong stocks under the mid-cap category which are engaged in the IT sector: KPIT Technologies Ltd [...]
Multibagger Small cap stocks with more than 25% ROE to keep an eye on
A company’s return on equity (ROE) is a gauge of a corporation's profitability and how efficient it is in generating profits during a given period of time. A high ROE indicates that the company is good at converting its equity financing into profits. Ideally, the ROE should be above 15 percent to 20 percent, depending [...]
Top Stock Picks: 8 Stocks to buy now for an upside of up to 52%
Indian equity benchmarks— BSE Sensex and NSE Nifty 50 ended higher on Friday, breaking a three-day losing streak, led by financial and IT shares. The Sensex closed for the week at 65,721.25 points (up 480.57 points or 0.74 percent), while the Nifty 50 settled at 19,517.00 (up 135.35 points or 0.70 percent). Meanwhile, here are [...]
Midcap stocks that have a high dividend yield of up to 13.60% to add to your watchlist
“Dividend Yield” is defined as a financial ratio showing how much a company pays out by way of dividends every year relative to the company’s stock price. Listed below are four stocks under the “mid-cap” category having a high dividend yield of up to percent: NMDC Limited With a market capitalization of Rs 33,189 crores, [...]
Multibagger Smallcap stocks with low volatility amid market turmoil
The market has been volatile the last two days, and in panic, which in part was caused by Fitch’s downgrade of the US credit rating and weak performance by a few key stocks. Sensex fell 1200 points and Nifty by more than 200 points. Amid such a selloff, investors lost close to Rs. 4.5 trillion. [...]
Fundamentally strong Auto stocks with high promotor holding to keep an eye on
Fundamentally strong companies have strong financials, such as a considerable profit growth,low debt-to-equity ratio and consistent cash flow. Those companies that will continue to grow and be in business no matter the market situation. Listed below are the two fundamentally strong small-cap Auto stocks RACL Geartech Ltd RACL Geartech Ltd is a leading automotive gear [...]
₹ 1.30 to ₹ 950: Multibagger stock turns ₹ 1 Lakh to ₹ 7.28 Cr in 14 Years
Caplin Point Laboratories Ltd shares closed at Rs 950.60 a share, up 1.28 percent on August 4, at a 52-week high of Rs 978.80 and a market capitalization of Rs 7,217 crores. According to BSE data, the stock has delivered multibagger returns of about 72,723 percent over a 14-year period, spanning from Rs 1.30 in [...]
Stocks to Watch: 6 Stocks that will trade Ex-Dividend next week
‘Dividend’ is generally defined as the company’s distribution of its earnings to its shareholders and the same is determined by the Board of Directors. The dividends are often been distributed once in a quarter and the mode of payment could be in the form of cash or reinvestment in the company’s additional stocks. Apart from [...]
Chemical stocks with low PE ratio than industry average to keep on your radar
P/E (Price to Earnings) ratio defines the ratio of a company's current share price to its earnings per share (EPS), which is frequently employed to define the value of a stock. The Chemical stocks mentioned below have lower-than-average P/E ratios, indicating that their stock prices are undervalued in relation to its earnings.This is considered as [...]
DVC Aims to Boost Power Generation Capacity ~2.5x by 2030 in Rs. 70,000 capex plan
Multipurpose project Damodar Valley Corporation (DVC) has drawn up capital expenditure plans of around Rs 70,000 crore by 2030 to boost power generation capacity from 6,700 MW at present to 16,000 MW, its chairman R N Singh said on Friday. He said DVC will increase its coal-fired power generation capacity through brownfield expansion. It also [...]
Cable stock hits 5% upper circuit; Watchlist this stock with Q1 results around the corner
This stock has made higher highs and higher lows over the past 5Y and 1Y period and has returned a whopping 250% in 1Y - meaning, if you had invested Rs. 1 Lakh in this stock one year ago, it would have now been worth Rs. 3.5 Lakh! This has been consistent with 3Y returns [...]
JK Tyre Results: PAT grows 4x
Shares of JK Tyre & Industries on Friday jumped nearly 7 per cent after the company reported an over four-fold rise in consolidated net profit at Rs 158.59 crore for the first quarter ended June 30, 2023. The stock rallied 6.73 per cent to settle at Rs 283 apiece on the BSE. During the day, [...]
Oil India Becomes India’s 13th Maharatna, ONGC Videsh Upgraded to Navratna CPSE
The Finance Ministry has approved the upgradation of Oil India Ltd to the category of 'Maharatna', a move which will impart enhanced powers to the OIL board while taking financial decisions. ONGC Videsh is a wholly-owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC). To be eligible for the grant of [...]
Devyani International Q1 Results: Net Loss at Rs 1.59 crore, Revenue up 20%
Devyani International Ltd, a quick service restaurant (QSR) operator, on Friday reported a consolidated net loss of Rs 1.59 crore for the first quarter that ended on June 2023 on account of currency devaluation in the Nigerian market. Shares of Devyani International Ltd on Thursday settled at Rs 188.70 on BSE, down 2.83% from the [...]
Indian Equities Snap Three-Day Losing Streak, Sensex Up 0.74%
Equity benchmark indices Sensex and Nifty snapped their three-session losing streak to close nearly 1% higher on Friday, buoyed by gains in HDFC Bank, Reliance Industries and Infosys amid a largely firm trend in global markets. After three days of decline, the 30-share BSE Sensex climbed 480.57 points or 0.74% to settle at 65,721.25. During [...]
SJVN Secures 180 MW Hydro Power Supply Deal with Sikkim Urja
SJVN is a public sector undertaking involved in power trading, thermal and hydroelectric power generation and transmission. State-owned SJVN Ltd has signed a trade agreement with Sikkim Urja Ltd for supply of 180 megawatt (MW) hydro power. As part of the agreement, power will be supplied to distribution licensees and open access consumers, SJVN said [...]
Brookfield India REIT Secures Rs 400 Crore via Preferential Issue to Finance Commercial Asset Acquisition
Brookfield India Real Estate Trust will garner Rs 400 crore by issuing units to sponsor group entity Project Diamond Holdings on preferential basis and also plans to raise up to Rs 750 crore through issue of commercial papers to finance acquisition of two commercial assets in Gurugram and Mumbai. Brookfield India REIT is among four [...]
Large cap stock jumps nearly 14%; Brokerages see further upside of up to 35%
Shares of a food aggregator soared 13.7 percent to reach a fresh 52-week high of ₹ 98.40 apiece on the National Stock Exchange (NSE) after the company turned profitable. At 02:50 PM, its shares were trading at ₹ 95.90, up 10.80 percent. Zomato posted a profit after tax (PAT) at ₹ 2 crore for the [...]
DLFs Q1 Results: Net debt decreased by 92% to a record low of Rs. 57 Cr
A company that develops commercial real estate is called Delhi Land & Finance (DLF Limited). Its headquarters are in New Delhi, India, and Chaudhary Raghvendra Singh created it in 1946. Model Town, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas are just a few of the residential colonies that DLF [...]
Auto stock jumps up to 18% after company reports 1283% increase in net profit
Shares of this small-cap Automobile stock jumped up to 18 percent after the company posted its financial results for the quarter ended June 2023. In the last six months, the company’s scrip has gained about 74 percent from Rs 728.25 to the current price level. With a market capitalization of Rs 1,830 crores, the stocks [...]
Hinduja Group stock jumps up to 12% after company reports 24% increase in net profit
A leading lubricant manufacturing and marketing company gained 12 percent to reach a 52 week high price of Rs 607.40 apiece on Friday trade following the company’s impressive June quarter financial results. At 2:28 p.m., Gulf Oil Lubricants India Ltd shares were trading at Rs 574.50 a share on the National Stock Exchange, up Rs [...]
Small cap stock with high FII holding jumps up to 9% after announcing the acquisition of a company
Shares of a small-cap company zoomed 9.33 percent on Friday’s early trades to reach a fresh 52-week high of ₹ 2634.90 apiece on the National Stock Exchange (NSE). This happened after it announced the acquisition of a controlling stake in the company. At 02:01, its shares were trading at ₹ 2488.85 apiece, up 3.27 percent. [...]
SBI Q1 Results: Profit Doubles to Rs. 16,884
State Bank of India (SBI), a Fortune 500 firm, is a Mumbai-based statutory institution for public sector banking and financial services in India. SBI has a long history dating back more than 200 years, making it the bank that Indians have had the most faith in. SBI, the largest Indian bank with a quarter of [...]
M&M Q1FY24 Results: PAT grew by 56%
Mahindra & Mahindra Limited (M&M) is a Mumbai-based, multinational Indian automotive manufacturing company. It was founded in 1945 under the name Mahindra & Mohammed and changed to Mahindra & Mahindra subsequently. M&M, a member of the Mahindra Group, is one of India's top car producers by production. By volume, Mahindra Tractors, one of its divisions, [...]
Microcap stock jumps up to 11% after company’s net profit increases by 38% in Q1
The shares of glass container maker, which belong to the micro-cap category with a market value of Rs 533 crore, gained 11 percent to a 52-week high price of Rs 103.45 apiece on Friday morning following the company’s strong June quarter financial results. At 1:28 p.m., Haldyn Glass Ltd shares were trading at Rs 98.99 [...]
Penny stock hits the 5% upper circuit after FPI bought 46.59 Lakh shares via Bulk Deal
Shares of this penny stock hit the 5 percent upper circuit after Foreign Portfolio Investor (FPI) buys a fresh stake in the company via Bulk Deal. With a market capitalization of Rs 200 crores, the stocks of Visa Steel Limited started their trading session on Friday at Rs 16.45 and currently is locked in the [...]
Large cap Railway stock delivers 35% in 5 days, Should you hold or book profits?
A large-cap railway company’s share price ascended from ₹ 27.40 to ₹ 48.30 or by 76.28 percent in a span of four months. The stock got listed on the bourses in January 2021 and witnessed a flat listing. In fact, it grew sideways until October 2022, giving no significant returns to its investors. However, it [...]
Green Energy stock jumps up to 5% after it bagged order of 200MW solar project
Shares of a leading renewable energy supplier rose 5 percent to Rs 865 apiece on Friday after the company won a solar Photovoltaic Power Project. At 12:30 p.m., KPI Green Energy Ltd shares were trading at Rs 846.55 a share on the National Stock Exchange, up Rs 21.85 or 2.65 percent. The company has a [...]
Penny stock under ₹ 10 hits 5% upper circuit after bagging an order from ONGC
Shares of this penny stock under Rs 10 hit the 5 percent upper circuit after receiving an order from Oil and Natural Gas Corporation Limited (ONGC). With a market capitalization of Rs 172 crores, the stocks of Madhav Infra Projects Limited are locked in the 5 percent upper circuit on Friday at a price of [...]
Cummins India Q1FY24 Results: Standalone PAT increased by 59% YoY
Cummins India Limited, the major division of Cummins in India, was established in 1962 and is the top producer of diesel and natural gas engines there. Engine, Power Systems, and Distribution are the three business units that make up Cummins India Limited, one of the seven legal companies that make up the Cummins Group in [...]
Multibagger stock hits 20% upper circuit after Tata Capital Healthcare Fund to buy a stake in it
Shares of a multibagger healthcare stock hit the 20 percent upper circuit to reach a record high of ₹ 324.65 apiece on the National Stock Exchange (NSE). A huge buying interest emerged after it announced that Tata Capital Healthcare Fund will be buying a stake in it through a preferential issue. The company informed the [...]
LIC Housing Finance Q1 Results: Net profit grew by 43% YoY
One of the biggest providers of mortgage loans for homes in India is LIC Housing Finance Limited (LIC HFL), which has its registered and corporate offices in Mumbai. A LIC subsidiary firm is LIC HFL. The company's primary goal is to offer long-term financing to individuals for the purchase or building of homes or apartments [...]
Bank stocks under ₹ 100 with a net profit growth of up to 300% to keep on your radar
The banking industry is the backbone of the economy, which also goes through its own phases of ups and downs. When the economy is doing well, loans and borrowings increase, which contributes to good growth in banks. Banks reported impressive results in the June quarter of FY24, with robust margin expansion, healthy loan growth, and [...]
6 Stocks from LIC’s portfolio that are trading below ₹ 100 to keep an eye on
The Life Insurance Corporation of India (LIC) is the country’s biggest Domestic Institutional Investor (DII). It has invested in companies across various sectors and many investors keep track of the changes in its portfolio. Here are a few stocks in LIC’s portfolio that have a current market price of below ₹ 100: Union Bank of [...]
Stocks to Watch: 3 Multibagger paper stocks that have a low Debt to Equity ratio
The debt-to-equity ratio is an important indicator to consider when investing in any company’s.The debt-to-equity ratio quantifies the amount of capital raised for the operations of a company. Furthermore, it signifies a company's stability and ability to raise additional capital in order to grow. The debt to equity ratio compares an organisation's liabilities to its [...]
Following Q1FY24 earnings, Adani Power shares increase by 3%
The largest privately owned thermal power producer in India is Adani Power Limited (APL), which is a member of the diversified Adani Group. A 40 MW solar power project in Gujarat and 12,450 MW of thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh make up the company's total power-producing capacity. Shares of Adani [...]
FMCG Brands Mamaearth and The Derma Co’s Holding Company Honasa Consumer to Launch IPO After SEBI Nod
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, and healthcare tech firm Indegene Ltd have received markets regulator SEBI's clearance to raise funds through Initial Public Offerings (IPOs). Shares of these three companies will be listed on BSE and NSE. In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R [...]
Quess Crop Q1 PAT declined by 29.41%
In order to increase client productivity through outsourced solutions, Quess Corp Limited (Quess) leverages its superior domain expertise and technologically advanced digital platforms. Quess is the top business services supplier in India. The business offers a wide range of managed outsourcing and staffing services supported by technology in areas like sales and marketing, customer service, [...]
Adani Enterprises Q1FY24 PAT grew by 44%
One of the greatest commercial conglomerates in India, the Adani Group, is represented by its flagship company, Adani Enterprises Limited (AEL). Adani Enterprises has prioritized developing world-class infrastructure assets that support nation-building over the years. The business has made a substantial contribution to the nation's self-sufficiency by creating unicorns including Adani Transmission, Adani Power, Adani [...]
Why are Nifty and Sensex falling? Here are 4 reasons that have caused the bloodshed
The benchmark indices closed in the red on Thursday with the NIFTY 50 losing 145 points and closing at Rs 19,381.65. Moreover, the Sensex fell drastically by 542 points and closed at Rs 65,240.68. Listed below are four factors contributing to the bearish behaviour shown by the Indian markets this week: Rating Downgrade to the [...]
Bharti Airtel Q1 ’24 Net Income Flat at Rs 1,612 Crore, Revenue Jumps 14%
Telecom operator Bharti Airtel on Thursday posted a net profit of Rs 1,612 crore for the first quarter ended June 2023, which is nearly flat over earnings in the same period of the previous year. The revenue for the just-ended quarter was 14 per cent higher at Rs 37,440 crore compared to the year-ago period [...]
Dabur India Q1FY24 net profit grew by 5%
Dabur Ltd., an international firm that manufactures consumer goods and has its headquarters in Ghaziabad, was founded by S. K. Burman. It is one of the biggest fast-moving consumer goods (FMCG) firms in India that produces natural consumer goods and Ayurvedic medicines. Dabur currently engages in important consumer product categories like Food & Beverages, Home [...]
Sun Pharma Reports 2% Dip in Q1 ‘24 Net Profit, Expects Strong Growth for Fiscal Year
Sun Pharmaceutical Industries operates in over 100 countries and has a portfolio of offerings chiefly APIs, Branded Generics, Formulations, Intermediates. It is the 10th largest US generis manufacturer with 43 global manufacturing facilities and state of the art R&D facilities. Sun Pharmaceutical on Thursday reported a 2% decline in its consolidated net profit at Rs [...]
Successful Bidders Apraava Energy and Sterlite Power Take Over PFCCL’s Transmission Projects
PFCCL is the wholly-owned subsidiary of Power Finance Corporation (PFC), a non-banking financial company under the Ministry of Power. PFC Consulting Limited (PFCCL) has transferred two transmission projects to Apraava Energy Private Limited, and one project to Sterlite Power. The selection of the bidder was carried out through a Tariff Based Competitive Bidding (TBCB) process [...]
Multibagger stocks that hit 52-week high amid weakness in the market
Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended in the red for eight sessions in a row on Thursday, led by losses in financial shares and Reliance. The Sensex settled at 65,240.68 points (down 0.82 percent), while the Nifty closed for the day at 19,381.65 points (down 0.74 percent). Meanwhile, here are a [...]
ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24.
Leading financial/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency. The ICRA Group of Companies (Group ICRA) is made up of ICRA and its subsidiaries today. [...]
Foreign Fund Outflows and Banks Drag down Sensex & NIFTY for 3rd Day
Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. The BSE benchmark tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to [...]
Elan Group awards Leighton Asia’s Indian Arm a Rs 1000 Crore Luxury Housing Development Project
One of the fastest growing realty firms in India, Elan Group on Thursday said it has given a Rs 1,000 crore contract to Leighton India for the construction of its luxury housing project in Gurugram. Leighton India is the Indian arm of Leighton Asia, a member of the internationally renowned CIMIC Group, headquartered in Australia. [...]
Top 5 stocks in terms of holding value in Vijay Kedia’s portfolio; Are you holding any?
Vijay Kedia is a renowned investor in the Indian stock market. He invests in his individual capacity as well as through his company Kedia Securities Private Ltd. According to the latest corporate shareholdings, he holds sixteen stocks with a net worth of over ₹ 1199.1 crore. Here are the top 5 stocks in terms of [...]
LT Foods’ Nature Bio Foods Ventures into Africa with New Plant in Uganda
LT foods had announced a step up in investments in new product development and related plant and raw material needs based expansion almost a year ago, tracing that path, LT has made significant progress. Ready to eat food now has grown to 2.5%. LT Foods on Thursday said its subsidiary Nature Bio Foods has started [...]
Metal stock falls up to 9% after Promoter Entity likely to sell stake in the company
Shares of this large-cap metal stock dipped up to 9 percent on stake sale buzz. In the last one-month period, the company’s stock has fallen close to 8.50 percent from Rs 277.55 to the current price level. With a market capitalization of Rs 94,500 crores, the stocks of Vedanta Limited closed at Rs 254.05 on [...]
Zydus Lifesciences Gets FDA Final Approval To Market Indomethacin Suppositories for Rheumatoid Arthritis
Zydus Lifesciences Ltd, is involved in development & manufacture of formulations, biosimilars, biologics, APIs and intermediates. Zydus LifeSciences has 10 manufacturing facilities in APC & Americas and 4 R&D sites of which 2 are in India. It is the 4th largest Pharma company in India and a growing presence in other emerging markets in Asia [...]
In the NSEL case, Sebi cancels the registration of MMTC.
Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stockbroker for its involvement in illegal "paired contracts" in a case pertaining to the now-defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by [...]
STL & a PSU Sign Rs 250 Crore Order for Construction & Maintenance of Data Centers
STL Ltd, a leading optical and digital solutions company, today, announced a partnership with a public sector entity. In this multi-year agreement, STL will design, build, commission, and maintain 2 data centre facilities, with service deployment across multiple network sites across India. Datacenter investments are expected to accrue benefits to companies to STL in the [...]
Midcap stock jumps more than 8% after government restricted imports on electronic items
On Thursday afternoon, the shares of India's second-largest mobile phone maker rose 8 percent to Rs 4,467.15 per share after the government restricted imports of electronic devices such as laptops, tablets, and personal computers. Shares of electronics manufacturer Dixon Technologies shares were trading at Rs 4,394.75 a share on the National stock exchange at 2:16 [...]
Varun Beverages Q2 profit improved by 25.4%, revenue 13.6%
One of the biggest PepsiCo franchisees in the world (outside the USA) is Varun Beverages Limited, a significant participant in the beverage sector. A huge variety of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including bottled drinking water offered under PepsiCo trademarks, are manufactured, distributed, and sold by the company. VBL, which is in [...]
Gaming stock falls up to 5% after withdrawing IPO as 28% GST on Casinos will be Implemented from October 01
A gaming company’s share price plummeted 8 percent to reach an intraday low of ₹ 181.10 apiece on the National Stock Exchange (NSE) after an announcement in the 51st meeting of the GST Council on August 02, 2023, regarding Goods and Services Tax (GST) on online gaming, casinos and horse racing. At 12:36 PM, Delta [...]
Large cap stock jumps up to 10% after company’s net profit increases by 68%
Shares of this recently listed Pharma stock under the ‘large-cap’ category were on the rise in Thursday’s trading session after the company announced financial results for Q1FY23-24. The stock is trading near its all-time high level. With a market capitalization of Rs 74,500 crores, the shares of Mankind Pharma Limited started their trading session at [...]
PNB Housing Finance Sees Opportunity in HDFC’s Exit from the Market, expects 22% growth of disbursements in FY24
PNB Housing Finance expects a 22% growth in fresh loan sales this fiscal, according to a top executive. The company, promoted by Punjab National Bank, has an aggressive growth plan and has set an internal target of crossing the Rs 1 lakh crore-mark on the assets side in the next three to three-and-a-half years. In [...]
Sterling Tools Q1FY24 profit increased by 36.4% to Rs. 13 Cr
Since 1988, Sterling Tools has been a pioneer in the establishment of sheet metal assembly manufacturing facilities in Karnataka, India. The production facility's initial focus was on local clients, but it gradually transitioned to major original equipment manufacturers. The business has become well-known and has grown by continually offering top-notch goods to both domestic and [...]
Mahindra & Mahindra Secures Rs 1,200 Crore Investment from Singapore’s Temasek for EV Arm
Mahindra & Mahindra on Thursday said Singapore's sovereign investment firm Temasek will invest Rs 1,200 crore in its four-wheeler passenger electric vehicles arm -- Mahindra Electric Automobile Ltd. Earlier this year M&M announced its plans to launch 16 EVs by FY2028 and that it expects a 15-20% CAGR by FY2025 consolidated basis. It stated its [...]
Ipca Labs Completes Rs 945.35 Crore Acquisition of 33.38% Stake in Unichem
Ipca Laboratories announced yesterday that it has completed the acquisition of a 33.38% stake in Unichem for Rs 945.35 crore. Last week, Ipca got approval from the Competition Commission of India (CCI) for a 59.38% stake purchase in listed Unichem Laboratories. "Post receipt of approval of CCI, the company has acquired 2,35,01,440 fully paid-up equity [...]
Smallcap stock jumps 17% after company reports 54% increase in net profits
Shares of this small-cap stock jumped around 12 percent after releasing financial results for Q1FY23-24. In the last six months, the company’s stock has gained over 40 percent from Rs 1,799.10 to the current price level. The stocks of KSB Limited opened their trading hour at Rs 2,360.10 and currently are available for Rs 2,567 [...]
Coal India intends to invest Rs 21,547 Cr in two thermal projects in Madhya Pradesh and Odisha.
A government-owned coal mining corporation is called Coal India Ltd. (CIL). It produces coal and items made from coal. Coking coal, semi-coking coal, non-coking coal, hard coal, washed and beneficiated coal, coal fines, heavy oil, and coke are among the company's product offerings. The business runs mixed mines, underground mines, and open-pit mines. Products from [...]
NLC India Ltd Enters Joint Venture for 1,980 MW Thermal Power Plant in Uttar Pradesh
Tamil Nadu-based NLC, under the ministry, operates three opencast lignite mines with a total installed capacity of 30 million tonnes per annum (MTPA) at Neyveli, another opencast lignite mine at Barsingsar in Rajasthan with an installed capacity of 2.1 MTPA and an opencast coal mine at Talabira in Odisha with an installed capacity of 20 [...]
Pricol Ltd posted Q1 consolidated profit increased by 55% to Rs. 31.93 Cr
One of India's top businesses for precision-engineered solutions and automotive technology is Pricol Limited, with its headquarters in Coimbatore. Being dedicated to achieving leadership and quality since the company's 1975 founding has helped it grow into a well-known name in the worldwide automotive sector. The company has 3 international offices, 400+ product and process engineers, [...]
Micro cap stock jumps 10% after company announces 1:1 bonus issue; Check the record date here
The shares of the company that manufactures and supplies Iodine Derivatives gained around 10 percent to a 52-week high price of Rs 392.65 apiece on Thursday following the announcement of bonus issue to shareholders. Infinium Pharmachem Ltd shares were trading at Rs 388.45 at 12:55 p.m., up Rs 30.85 or 8.63 percent from the previous [...]
Carborundum Universal Ltd Net profit increased by 36.9% in Q1FY24
As a tripartite partnership between the Murugappa Group, Carborundum Inc. in the USA, and the Universal Grinding Wheel Co. Ltd. in the UK, Carborundum Universal Limited (CUMI) was established in 1954. Carborundum Universal sells abrasives, electro minerals, and ceramics for 380 million dollars. The company produces nearly 20,000 different product variants at 25 different facilities [...]
Penny stock jumps 7% after company receives an order from Thermax; Check the details
Shares of renowned manufacturer and exporter of Electrostatic Precipitator gained 7 percent after the company received a new order for the collection and discharge of Electrodes. With a market capitalization of Rs 79 crores, Auro Impex and Chemicals Ltd. shares were trading at Rs 64.60 at 12:51 p.m., up 3.36 percent from the previous close [...]
Pharma stock jumps 10% after company’s Board to consider share Buyback; Hits 52-week high
Shares of this small-cap stock engaged in the “Pharmaceuticals” sector surged around 8 percent after the company intimated a date for a Board Meeting to consider the Buyback of equity shares. Year-to-date, the company’s scrip has gained 35 percent from Rs 275.10 to the current price level. With a market capitalization of Rs 6,200 crores, [...]
Tata Group stocks that have delivered returns of up to 80% YTD to keep on your radar
There is a huge list of entities under the Tata universe that showcased decent growth in stock prices during the YTD period. Out of the bunch, listed below are the top three best-performing stocks delivering YTD returns of up to 81 percent: Tejas Networks Limited With a market capitalization of Rs 13,714 crores, the stocks [...]
Monopoly stock that manufactures mechanical seals for Nuclear reactors to add to your watchlist
The company designs and manufactures mechanical seals and related products. The company's mechanical seals are primarily employed in the pulp and paper, oil and gas, refinery, petrochemical, chemical, fertiliser, power, mining, aerospace, marine, pharmaceutical, and other industrial fields. Sealmatic India Ltd shares were trading at Rs 590 on the Bombay Stock Exchange on Thursday, down [...]
Fundamentally strong stock that is trading at a discount of more than 30%; Do you hold it?
A company is said to be “fundamentally strong” when it possesses a certain set of characteristics, viz, strong and consistent financials, low or zero leverage ratios, and many more. Listed below is one such fundamentally strong stock that is trading at a discount of more than 30 percent from its 52-week high level: Gujarat Fluorochemicals [...]
Titan Q1FY24 Net profit declined by 4% to Rs. 756 Cr
Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industries Development Corporation (TIDCO), began operations in 1984. Titan ranks as the world’s fifth-largest integrated own-brand watch producer. Titan has developed lifestyle brands across numerous product categories over the past three decades and has entered underserved areas. In November 2020, [...]
MAS Financial Services Posts Impressive Q1 ‘24 Results with 26.23% AUM Growth and 25.38% PAT Increase
The company reports strong growth of 26.23% in AUM and 25.38% in PAT YOY Ahmedabad, Gujarat, India The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, announced today the unaudited financial results for the quarter ended 30th June 2023. The consistent financial performance during all [...]
Glenmark and Omron Healthcare collaborate to treat young individuals with hypertension
Glenmark was established with the goal of becoming a preeminent, fully integrated, international pharmaceutical firm. The company's branded generics division is well-established in emerging market markets like India. The generics industry serves the needs of developed markets like the United States and Western Europe. The company's API division sells its goods in more than 65 [...]
FPI Confidence: Participatory Notes Investment in Indian Capital Markets Hits 5-Year High – Rs 1.13 Lakh Crore
Participatory notes (P-notes) are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to SEBI data, the value of P-note investments in Indian markets -- equity, debt, and hybrid [...]
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