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Infra stock jumps 5% after Adani Group to acquire 73% stake in the company
Smallcap stock engaged in providing design, engineering, procurement, and construction (EPC) services jumped upto 5 percent in the day’s trade after CCI approved Adani Group's acquisition of it. Price Action With a market capitalization of Rs. 9,104 Crores, the shares of ITD Cementation Limited were trading at Rs. 530 per equity share, up 3 percent [...]
ITC Hotel listed at a discount of 33%; Will it reach ₹260 in future?
India's hotel industry has witnessed tremendous growth in recent years, fueled by rising disposable incomes and a burgeoning middle class. As more people have the financial means to travel, the demand for accommodation has surged. This momentum is further amplified by a growing interest in domestic and international tourism, with travelers seeking diverse experiences in [...]
AI stock hits 10% upper circuit after reports on Deepseek to boost company’s business growth
This AI stock which deals in the business of offering products and solutions in designing, implementing, developing, and integrating computing solutions in high performance touched a 10 percent upper circuit upon the company’s filing on Deepseek’s impact, which can contribute to the company's growth. Share Price Movement In Wednesday’s trading session, Netweb Technologies's share price [...]
Is it the right time to invest in Wonderla before summer arrives?
As the Summer Season starts in the upcoming months, there is a tendency to play water sports or go on for adventure with friends and family. Over the period, some companies tend to build a brand while building their businesses. This Amusement Park company, which owns parks in Bengaluru, Hyderabad, Bhubaneswar, and Kochi and even [...]
NBFC stock falls 9% after announcing 22% YoY decline in net profits
The Indian financial sector is undergoing significant evolution, driven by rapid digitalization, regulatory reforms, and a growing middle class. Mortgage lending, distressed credit, asset management, investment banking, and private equity fund management are key segments contributing to this transformation. As India’s economy expands, these sectors are poised for growth, especially with the increasing demand for [...]
Diamond stock to buy now for an upside of 25%; Do you own it?
Certification and accreditation services for diamonds, gemstones, and jewelry play a critical role in ensuring the authenticity, quality, and ethical sourcing of precious materials. These services verify factors like cut, color, clarity, and carat weight of diamonds and gemstones, providing consumers and businesses with confidence in their purchases. The sector in India is poised for [...]
Smallcap stock is focus after it acquires 100% stake in Monga Strayfield for ₹123 Cr
The shares of a Small-cap Engineering stock were in focus in the day’s trade after announcing the successful acquisition of Monga Strayfield Pvt. Ltd., a pioneer in developing radio frequency (RF) drying and heating solutions. Acquisition details In a press release dated January 28, 2025, Kilburn Engineering Ltd, a leading provider of industrial drying and [...]
Tata group stock jumps 3% after beating market estimates in Q3 earnings
The shares of one of the leading Tata stocks, specializing in producing hot-rolled, cold-rolled, and galvanized steel and make rebars and other branded products, jumped 3.3. Percent upon beating the volume estimates Price action With a market capitalization of Rs. 1,57,791 crores on Tuesday, the shares of Tata Steel Limited jumped 3.3 percent making a [...]
IT stock in focus after receiving order worth $3 Mil from US based clients
The shares of one of the leading IT stocks, specializing in innovative AIoT solutions provider, in focus upon receiving a work order from a reputed concern in the United States worth US$ 3 Million Price action With a market capitalization of Rs. 1,122.41 crores on Tuesday, the shares of Blue Cloud Softech Solutions Limited hit [...]
Defence PSU stock in focus after receiving orders worth ₹531 Cr
The share price of this Defence PSU company which is in the business of manufacturing and supplying electronic equipment and systems to the sector of defence.was in focus after reports on additional orders received worth Rs. 531 crore. Share Price Movement In Tuesday’s trading session, BEL's share price was down by 3.8 percent to the [...]
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1-Class-1-TV Channel to be implemented to provide supplementary eduction to children to make up for loss of formal education due to Covid. PTI NKD MJH CS NKD MR MR
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Hospitality services by small and medium sector yet to bounce back, says FM. PTI JD ANZ JD ABM ABM
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
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 [...]
Latest Market News
Small Cap stock with high FII Holding jumps 11% after Nitin Gadkari approves draft notification
Union Road Transport and Highways Minister Nitin Gadkari announced that he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of N2 and N3 category trucks. The government plans to implement this regulation starting from January 2025. Following the announcement, the shares of Subros, an automotive air-conditioning manufacturer surged [...]
Multibagger Defence stock jumps up to 4.5% after receiving an order worth ₹ 160 Cr from the government
With a market capitalization of Rs 3,630 crores, the shares of the world's leading provider of defence training solutions rose 4.5 percent on Friday. Zen Technologies Limited shares were trading at Rs 429.90 on the NSE at 12:25 p.m., up 2.45 percent, after the company received an order of Rs 160 crore from the Indian [...]
Monopoly stock with a dominating market share of 95% in GPS navigation to keep an eye on
C.E. Info Systems Ltd is India's top advanced digital maps and deep-tech firm, also known as MapmyIndia in India and Mappls abroad. It is India’s most comprehensive GPS navigation and tracking service provider. MapmyIndia provides navigation, tracking, IoT, analytics, and web mapping services for desktop and mobile devices to companies such as Olx, Flipkart, Uber, [...]
Entity offloads Piramal Enterprises’ shares worth Rs 575 crore
An entity on Thursday offloaded shares of Piramal Enterprises for Rs 575 crore through open market transactions. According to the block deal data available with the BSE, SmallCap World Fund Inc sold a total of 61,09,068 shares of Piramal Enterprises 17 tranches. The shares were disposed at an average price of Rs 941.15 apiece, taking [...]
Amara Raja Electronics acquires stake in Design Alpha
Amara Raja Electronics Ltd on Thursday said it has acquired a stake in engineering design firm Design Alpha. The acquisition will position Amara Raja Electronics Ltd AREL as a fully integrated electronic systems design and manufacturing (ESDM) company, unlocking numerous opportunities in the electronics manufacturing business, the company said in a statement without disclosing the [...]
Adani Green to raise Rs 12,300 cr to fund expansion
Billionaire Gautam Adani-led group's renewable energy firm on Thursday announced plans to raise Rs 12,300 crore through a share sale to investors as the group continues to build on a comeback strategy to emerge out of allegations of fraud levelled by a US short-seller. Adani Green Energy Ltd in a stock exchange filing said its [...]
JSW Steel aims to double capacity to 50 MT in 3 yrs; renewables to power all plants: Jindal
JSW Steel is aiming to nearly double its capacity to 50 million tonnes in the next three years, chairman Sajjan Jindal said on Thursday. The city-headquartered company is also aiming to shift to renewable sources of power to fire the entire 50 million tonnes of production, Jindal said speaking at an event organized by the [...]
Tata Steel consolidated output falls 7.69% to 7.08 MT in Q1; sales grow 8% to 7.04 MT
Tata Steel on Thursday its consolidated production declined to 7.08 million tonnes (MT) in the first quarter of FY24. The company's consolidated production was at 7.67 MT during April-June of the preceding financial year, Tata Steel said in a statement. Consolidated deliveries however rose 7.97 pc to 7.04 MT from 6.52 MT in the same [...]
Sensex, Nifty trade flat amid weak global trends
Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade. The BSE barometer was trading at 65,767.85, down by [...]
Multibagger stock with 103% returns announces 1:10 stock split; Check the record date here
This multibagger stock has delivered 103 percent returns in the past year, as its share price increased from ₹ 41.20 to ₹ 83.47. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.03 lakhs today! Ashapuri Gold Ornament is [...]
Indian Oil commits to investing Rs 54,000 crore in projects including a refinery in Tamil Nadu
The Indian Oil Corporation Limited (IOCL), Chennai, has committed to invest Rs 54,000 crore in various projects in Tamil Nadu in the next few years, including a 9 MMTPA (million metric tonnes per annum) grass-root refinery at an estimated cost of Rs 35,580 crore, its executive director and state head (TN & Puducherry) V C [...]
PNB launches its virtual branch in the Metaverse
State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers who can now explore the bank’s products and services such as bank deposits, retail/MSME loans, digital products, women/senior [...]
Market valuation of BSE-listed firms hit all-time high of Rs 301.70 lakh cr
The market capitalisation of BSE-listed firms hit a lifetime peak of Rs 301.70 lakh crore on Thursday, mirroring a positive trend in domestic equities, where benchmark index Sensex settled at a new record high. The 30-share BSE Sensex jumped 339.60 points or 0.52 per cent to settle at its new all-time closing high of 65,785.64. [...]
Penny stock that has an attractive dividend yield of 10% to add to your watchlist
Shares of this Penny stock will be trading ex-dividend next month and the dividend yield numbers look lucrative. In the last one month period, the scrip has soared more than 8 percent. With a market capitalization of Rs 250 crores, the shares of IL & FS Investment Managers Limited traded in the green today and [...]
Servotech Power Systems Achieves Record-Breaking SAP S/4 HANA Grow Implementation Time, Acknowledged by KPMG India’s Partners
Servotech Power Systems Ltd. (SPSL), a leading manufacturer of EV Chargers and Solar Products announces the successful implementation of SAP S4 HANA Grow, in a remarkable record time. SAP S4 HANA Grow is a cutting-edge enterprise resource planning (ERP) solution that empowers businesses to transform their operations and gain real-time insights for informed decision-making. Commenting [...]
Multibagger Bank stock jumps up to 5% on robust business updates; Check the details
Shares of this small-cap Banking stock jumped up to 5 percent after it provided key business updates. The scrip has seen a rally of about 40 percent in the last six months. The company has a market capitalization of Rs 8,000 crores. Shares of Ujjivan Small Finance Bank Limited closed today at Rs 41.10. The [...]
Dolly Khanna increased her stake in this Auto Ancillaries stock owned by Vijay Kedia
Ace investor Dolly Khanna is known for buying a stake in lesser-known stocks that tend to outperform the market. Her husband Rajiv Khanna manages her portfolio, which typically leans towards traditional stocks in manufacturing, textile, chemicals and sugar stocks. Dolly Khanna recently increased her stake in Talbros Automotive Components, a small-cap auto ancillaries stock engaged [...]
Metal stock jumps more than 8% after Board to consider Interim Dividend for FY23-24
Stocks of this Large-cap metal stock spiked 7 percent after it sets record date pertaining to the payment of interim dividend for FY23-24. In the past year, the stock has delivered returns of 35 percent to its stakeholders. Shares of Hindustan Zinc Limited, a subsidiary of Vedanta Limited, are currently trading at Rs 334. The [...]
Auto stock jumps more than 5% after reporting a 12.8% increase of sales in June
Shares of India's top-selling ambulance maker and manufacturer of Light Commercial Vehicles, with a market leader in the industry with over 65% market share, gained 5.8%. Force Motors Limited shares were trading at Rs 2,613, up 4.77 percent, at 2:10 p.m., after the company announced higher sales for the month of June 2023. As per [...]
Multibagger stock jumps up to 20% after company announces dividend; Do you hold it?
With a market value of Rs 9,535 crore, shares of one of India's major tyre brand and one of the world's most popular Consumer Cyclical company rose around 20% on Thursday. At 1:28 p.m., Ceat Limited shares were trading at Rs 2,407.50,up 15.01 percent, hitting a 52-week high of Rs 2,499 apiece. This occurred after [...]
Small cap stock jumps 9% after Tata AMC gets nod from RBI to raise stake; Check the details
Shares of this Small-cap stock surged up to 9 percent and trading near their 52-week high levels after Tata Group company gets RBI’s nod to raise its stake in the company. In the past one year, the scrip has gained around 65 percent. With a market capitalization of Rs 4,000 crores, the stocks of DCB [...]
RK Damani stock flat after LIC offloads 2% stake in the company; Check the details
The Life Insurance Corporation of India (LIC) is the biggest domestic institutional investor (DII) in India and investors closely track the changes that it makes to its portfolio. Recently, LIC reduced its stake in a stock which forms a part of ace investor Radhakishan Damani’s portfolio. In fact, it has gradually been reducing its stake [...]
RPG Group Company with High FII holdings jumps 5% after receiving an order worth ₹ 1,042 Cr
Shares of an RPG Group company gained nearly 5 percent to reach an intraday high of ₹ 603.80 apiece on the National Stock Exchange (NSE), after it received new orders worth ₹ 1,042 crores. At 12:20 Pm, its shares were trading at ₹ 597.05 apiece. In an exchange filing, KEC International, a global infrastructure EPC [...]
Real Estate stock jumps up to 17% after receiving multiple orders worth ₹ 289.30 Cr
Shares of this Real Estate stock gained up to 17 percent and hit their 52-week high today after bagging multiple orders. The scrip has gained over 50 percent in a period of last six months. The stocks of RPP Infra Projects Limited are currently trading at Rs 64.45. Witnessing an intra-day high price of Rs [...]
Defence stock jumps up to 7% after company receives orders from Bharat Dynamics & Govt
Shares of the first Indian company in the world to commercially create safer and greener NHN detonators, as well as a pioneer in producing solid propellants and the manufacturer of popular missiles such as Brahmos and Agni, rose by 7%. Premier Explosives Limited's stock grew after receiving orders from the Ministry of Defence and Bharat [...]
How to select bank stocks? Here are 7 factors to look at
Investing in the stock market may be profitable in the long run if informed choices are adopted. Here are a few key metrics to consider before investing in banking companies. Net Interest Income (NII): It is the difference between the interest a bank earns on loans after subtracting the interest it pays on deposits and [...]
Biocon Biologics takes over Viatris’ biosimilar biz in over 70 countries
Biocon Biologics on Wednesday said it has completed the integration of the acquired biosimilars business from Viatris Inc in over 70 countries in emerging markets effective July 1, 2023, increasing the scale and scope of its business. Following the deal closure in November 2022, this marks the first wave of countries where Viatris' operations have [...]
Senco Gold IPO subscribed 2.68 times on Day 2 of subscription
The Initial Public Offer (IPO) of jewellery retail player Senco Gold was subscribed 2.68 times on the second day of subscription on Wednesday. The Rs 405 crore-IPO received bids for 2,52,28,190 shares against 94,18,603 shares on offer, as per an update on the NSE. The portion for Retail Individual Investors (RIIs) received 3.67 times subscription, [...]
Veritas Finance raises Rs 1,200 crore from Multiples PE, others
Small businesses-focused non-bank lender Veritas Finance on Wednesday announced raising Rs 1,200 crore from Multiples Private Equity and other investors. Multiples along with International Finance Corporation (IFC) have put in Rs 1,050 crore while Avendus Future Leaders Fund has deployed Rs 150 crore, according to a statement. The deal comprises a primary issuance of Rs [...]
Bank of India pays dividend of Rs 668 crore to govt
State-owned Bank of India (BOI) on Wednesday paid the government a dividend of Rs 668.17 crore for the financial year 2022-23. BoI managing director Rajneesh Karnatak presented the dividend cheque to Finance Minister Nirmala Sitharaman in the presence of Vivek Joshi, Financial Services Secretary. The dividend of Rs 2 per equity share (20 per cent) [...]
Adani Wilmar reports 25% volume growth in first quarter of FY24
Adani Wilmar on Wednesday reported a 25 per cent year-on-year volume growth during the quarter ending June 30, mainly on account of robust consumer demand in edible oils and foods. The sale of branded products in edible oils and foods has been much stronger compared to overall sales of respective segments, the company said in [...]
Consumer demand stable in Q1, margins to improve: say FMCG players
The fast-moving consumer goods (FMCG) sector witnessed a stable demand in the June quarter and gross margins are expected to expand on softening commodity inflation even as the rural demand remained elusive, according to the latest reports of two companies. Two leading FMCG players -- Marico and Godrej Consumer Products Ltd (GCPL) -- in their [...]
GST Council to discuss valuation norms for 28% levy on online gaming, casinos, horse racing on July 11
The GST Council is likely to discuss the recommendations of a group of state finance ministers regarding levy of 28 per cent tax on online gaming, casinos and horse racing, in its 50th meeting next week. The council is also likely to thrash out a consensus on whether the tax would be levied on the [...]
Markets trade with marginal gains amid weak trends in global equities
Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities. The 30-share BSE Sensex climbed 54.09 points to 65,500.13 in early [...]
Blue chip stock touched record high after demerger of company’s Hotel business underway
Shares of the Indian conglomerate ITC Limited closed today at Rs, 475.10, gaining nearly 2 percent compared to the previous closing levels of Rs 466.35. The scrip hits its all-time high level at a price of Rs 480.65. The company has a market capitalization of Rs 5,91,000 crores. Such movements in stock prices are witnessed [...]
Large cap IT stock to likely attract net inflows of $125-130 Million after it enters Nifty 50
Shares of this large-cap IT stock gained up to 3.50 percent today after the merger of HDFC into HDFC Bank paved the way for the company to make an entry into the ‘Nifty 50’ index. In addition to the same, the markets showed positive sentiments leading the scrip to hit its 52-week high mark. With [...]
Bajaj Auto shares jump 6% after Triumph launch two co-developed motorcycles in India
Bajaj Auto and British motorcycle brand Triumph on Wednesday launched co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India. These motorcycles were unveiled globally in London last week. The two companies formed a global partnership in 2017. Triumph Speed 400 has been priced at Rs 2.33 lakh with the inaugural price of the [...]
FM to meet chiefs of PSB banks to review financial performance on Thursday
Finance minister Nirmala Sitharaman is expected to meet heads of public sector banks (PSBs) on Thursday and review the financial performance of as many as 12 lenders. This is going to be the first review meeting after the 2022-23 financial results. In the last fiscal, PSBs together posted a record profit of Rs 1.04 lakh [...]
Mid cap stock slips up to 6.5% after a change in Key Managerial Personnel; Know the details
Shares of this Mid-cap Private Bank slipped more than 6 percent today after a filing mentioning a change in the Key Managerial Personnel (KMP) of the Bank. In the last one month period, the scrip has fallen nearly 15 percent from Rs 263.75 at the start of June 2023 to the current price levels. With [...]
Pharma stock jumps 4% after company receives approval to operate in four foreign markets
On Wednesday, the shares of a well-known Indian brand for affordable cancer treatments globally and one of the world's top ten fixed-dosage injectable producers rose 4%. Venus Remedies Ltd ended at Rs 261.50 a share, up over 4%, after the company received marketing approval from four markets for the expansion of the Oncology products. As [...]
Consumer demand steady in Q1, organic biz delivering double-digit volume growth: Godrej Consumer
Consumer demand in the domestic market remained 'steady' in the April-June quarter and the company expects 'robust performance with double-digit volume growth" in the organic business, Godrej Consumer Products Ltd said on Wednesday. The performance was broad-based with double-digit volume growth in home care and higher than mid-single-digit volume growth in personal care, the Godrej [...]
5 Most Expensive things owned by former Tata Group chairman Ratan Tata
Ratan Tata is one of India's most recognized industrialists. He is Renowned as one of the most humble persons in the business world, and he is credited for bringing automobiles like the Nano and the Indica to the world. Mr. Tata is a car companion who owns a range of vehicles. Ratan Tata, the former [...]
HDFC Bank records 15.8% loan growth in Q1
Private sector lender HDFC Bank on Wednesday said it has registered a 15.8 per cent rise in loans to Rs 16,15,500 crore in the first quarter of current fiscal year. The credit book was Rs 13,95,000 crore as of June 30 last year. Gross transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances [...]
Markets take a breather after record-breaking rally; Nifty hits fresh peak
Equity benchmark indices ended flat on Wednesday with Sensex sliding 33 points and Nifty gaining 9 points after an unabated record-breaking rally in the last few trading sessions. Weak global market trends and fall in HDFC twins also spoiled markets party. The 30-share BSE Sensex dipped 33.01 points or 0.05 per cent to settle at [...]
Dolly Khanna stock jumps more than 4% on preferential fundraising plans; Check the details
The stocks of this small-cap brewery stock jumped nearly 5 percent and touched its 52-week high levels today. The scrip has been able to deliver multibagger returns of over 300 percent in the past one year. Shares of Som Distilleries & Breweries Limited started their trading session at Rs 294 and are currently trading at [...]
Smallcap stock hits 20% upper circuit after company signs deal worth $2 billion
India's biggest player in the power metering solutions sector, with a 27 percent market share, hit a 20 percent upper circuit in the first half session on Wednesday, reaching an all-time high price of Rs 169.05. The stock rose after the company signed a $2 billion agreement with Gem View Investments to set up a [...]
Large cap auto stock jumps up to 10% after an agreement to acquire 81% stake in Honda’s subsidiary
The stocks of this auto ancillary stock jumped up to 10 percent to reach its 52-week high levels today. From the price levels at the start of January, the scrip has gained more than 15 percent. Shares of Samvardhana Motherson International Limited (SAMIL) are currently trading at Rs 90.25. The scrip witnessed intra-day high levels [...]
Multibagger Energy stock touches 52 week high after the commencement of solar project
Shares of One of India’s largest vertically integrated energy company and leading Solar Panel Manufacturer with a capacity of 12GW gained after the company commenced a solar plant project. On Wednesday's first half session, Waaree Renewable Technologies Ltd shares rose 2.3 percent to Rs 1,159 apiece and reached a 52-week high price. The stock price [...]
IMF board to meet on July 12 to review Pakistan’s loan agreement
The IMF's executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund (IMF) [...]
Chemical stock jumps 7% after company started the production of Sulphur; Check the details
Shares of India's leading producer of dyes, dye intermediates, and fertilisers as well as its top 5 manufacturer of single super phosphate climbed by 7% on Wednesday. With a market capitalization of Rs 627 crore, Shree Pushkar Chemicals & Fertilisers Ltd gained after the company started Sulphur Chemistry production in the new facility. As per [...]
Real Estate stock jumps more than 10% after ICICI Securities sets target of ₹ 800
The stocks of this Real Estate stock touch record high numbers after a well-known brokerage house initiates coverage on the same and provides a target price with a decent upside. The stock, in the last six months, has gained over 30 percent. Shares of Ahluwalia Contracts (India) Limited zoomed more than 10 percent today and [...]
Auto Ancillary stock jumps after FII buys shares worth ₹ 48.57 Crore in the company
Small-cap company with a 40% market share in vehicle access control systems and one of India's leading auto suppliers, its shares climbed 2.8% on Wednesday session. Shares of Minda Corporation Ltd jumped a day after financial services group Societe Generale bought 17.28 lakh shares in the company. As per the report, Societe Generale, a European [...]
PKH Ventures withdraws IPO amid disappointing participation from investors
Construction and hospitality firm PKH Ventures has withdrawn its initial share sale amid disappointing participation from investors, particularly from institutional buyers, over a three-day period. The initial share sale of PKH Ventures was subscribed just 65 per cent on the last day of subscription on Tuesday. The Initial Public Offering (IPO) received bids for 1,67,25,800 [...]
Fundamentally Strong stock with high ROE and ROCE ratio to add to your watchlist
Companies with a ‘fundamentally strong’ nature portray various characteristics including low debt-to-equity levels, strong financials, etc. Herein this article, we will have a glance at one such fundamentally strong stock in the gas distribution business. Refex Industries Refex Industries Limited is engaged in the process of manufacturing as well as refilling refrigerant gases. The company [...]
2 Chemical stocks that are planning to enter the Agri-Drone segment; Do you own any?
Drones, also known as unmanned aerial vehicles, or UAVs, have become increasingly popular in recent years for a variety of reasons, including commercial, military, and defence. Eventually, investment in the drone business has increased. The Indian government has developed the Digital Sky platform, to manage unmanned aircraft system activities in India and the government intends [...]
REC to provide Rs 4,785 crore loan for refinery project in Rajasthan
State-owned REC Ltd on Tuesday said it will provide a loan of Rs 4,785 crore to HRRL's project in Rajasthan. HRRL is a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Rajasthan government. HPCL holds 74 per cent equity stake in HRRL. "REC extends Rs 4,785 crore for HPCL Rajasthan Refinery's project in Barmer. [...]
Macrotech Developers sales bookings up 17% to Rs 3,350 crore in Apr-June quarter
Realty firm Macrotech Developers on Tuesday reported a 17 per cent growth in its sales bookings at Rs 3,350 crore in the first quarter of this fiscal year, mainly on better housing demand. Macrotech Developers, which sells properties under Lodha brand, had sold properties worth Rs 2,860 in the year-ago period. In a regulatory filing, [...]
Finance minister meets UN Deputy Secretary General; exchanges views on financing SDGs
Finance minister Nirmala Sitharaman on Tuesday met United Nations Deputy Secretary-General Amina J Mohammed and exchanged views on financing of Sustainable Development Goals (SDGs) and the ongoing G20 India Presidency. "FM Smt. @nsitharaman highlighted the four main agenda of the #G20 #FinanceTrack under #G20India Presidency, i.e., debt distress; #DigitalAssets/currency; strengthening #MDBs; and #DPI Digital Public [...]
SMFG India Credit elevates Swaminathan Subramanian as Chief Operating Officer
SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) has announced the appointment of Swaminathan Subramanian (Swami) as Chief Operating Officer (COO). Swami was previously the company’s Chief People Officer (CPO), and in his new elevated role he will now manage Operations, Technology, Legal, Enterprise Services, Human Resources, and CSR. Swami brings a [...]
Syngene to acquire plant from Stelis Biopharma for Rs 702 cr
Contract manufacturing services firm Syngene International has inked a pact to buy a manufacturing unit from Stelis Biopharma for Rs 702 crore. The company has entered into a binding term sheet with Stelis to acquire its Bengaluru-based Unit 3 biologics manufacturing unit, Syngene said in a late night statement on Tuesday. The facility, which was [...]
Markets give up early gains; trade lower after unprecedented record-breaking rally
Equity benchmark indices climbed in early trade on Wednesday, but later gave up all the gains to trade lower amid emergence of profit-taking, after an unabated record-breaking rally in the last few trading sessions. The 30-share BSE Sensex climbed 44.19 points to 65,523.24 after beginning the trade on a positive note. Soon, it touched a [...]
Mukul Agrawal stock with High Promoter holding to keep on your radar
High Promoter holding is considered as one of the most important factors depicting their confidence in the company and its operations. Mr. Mukul Agrawal owns shares in this small-cap stock which has a high promoter holding of more than 50 percent. De Nora India Limited is a company based in India that is involved in [...]
What happens if you have less than 25 shares of HDFC post merger?
HDFC Bank and HDFC Ltd have already started to operate as a merged entity. Meanwhile, the company’s board has fixed July 13 as the record date for determining which shareholders of HDFC Ltd are entitled to receive HDFC Bank’s shares. Thereafter, HDFC Ltd will be delisted from the bourses and the merged companies will most [...]
Multibagger stock hits 20% upper circuit after bagging an order worth ₹ 903 Cr; Check the details
Shares of this small-cap company surged 20% to hit the upper circuit after it received an order worth ₹ 903 crores. They were locked at ₹ 155.30 apiece by Tuesday’s closing bell. HPL Electric & Power Limited is a leading electrical equipment manufacturer with a significant presence across five key product verticals of electric equipment [...]
SAIL selects mjPRO for project procurements: mjunction
B2B e-commerce company mjunction on Tuesday said SAIL has selected mjPRO, its e-procurement platform, for all its project procurements. mjPRO is a cloud-based platform that comes with wide configurability and addresses key concerns of organisations such as access to new and credible suppliers, analytics and insights for decision-making, convenience of usage and integration with ERP [...]
Multibagger stock that delivered 182% returns announces 1:1 bonus issue; Check the details
The company is a distributor of energy-efficient products like electric motors, industrial lubricants, lighting products, industrial pumps, disks and so on, for various manufacturers like Bharat Biljee, Elecon Engineering, Power build, Yaskawa and so on. According to an exchange filing, Sunrise Efficient Marketing’s board has recommended a bonus issue in the ratio of 1:1. Therefore, [...]
Stock to Buy: Fundamentally strong stock to buy now for an upside of more than 45%
The ‘Power Generation’ market has witnessed a huge amount of demand due to a lot of factors, some of which include fast-paced urbanization, increasing population, etc. Herein this article, we will have a glance at one such company engaged in the power generation sector. JSW Energy Limited, Incorporated in 1994, is a company based in [...]
Tata Steel’s NINL plant reaches 100 pc capacity utilisation within 1 year of acquisition
NINL, a 1.1-million tonne steel manufacturing unit in Odisha, has reached 100 per cent capacity utilisation within one year of its acquisition by Tata Steel. On July 4 2022, the steel major completed the acquisition of Neelachal Ispat Nigam Ltd (NINL) through subsidiary company Tata Steel Long Products Ltd (TSLPL) for a consideration of Rs [...]
Ramco Systems appoints Sundar Subramanian as its CEO
Global enterprise software company Ramco Systems has appointed Sundar Subramanian as its chief executive officer, the company said on Tuesday. Prior to taking up the new responsibility, Subramanian was serving leading multinational information technology services and consulting companies. Ramco Systems chairman P R Venketrama Raja said, "...the appointment of Sundar Subramanian as the CEO will [...]
Markets fire on all cylinders: Sensex, Nifty end at new closing highs
Equity benchmark indices Sensex and Nifty advanced further to settle at record highs for the fourth straight session on Tuesday, driven by unabated foreign fund inflows and largely bullish investor sentiments. Besides, heavy buying in index majors Bajaj Finance, Bajaj Finserv, Infosys, HDFC Bank and TCS added to the optimism in the equity market. Rallying [...]
IDFC to merge with IDFC First Bank; Here’s how many shares the investors will receive
Making another major deal in the Indian banking space, days after the amalgamation of HDFC Twins, another bank has announced a merger with its parent in an all-stock transaction. Shares of IDFC Ltd gained 6% to reach an intraday high of ₹ 115.70, while the shares of IDFC First Bank lost 6% to reach an [...]
Krishna Kumar Thakur joins BHEL board as director
Krishna Kumar Thakur, a 1998-batch officer of Indian Railway Personnel Service (IRPS), has been appointed as a director on the board of BHEL, an official statement said. Prior to joining BHEL, Thakur was heading the human resources and administration function of Central Railway as Chief Personnel Officer, state-owned BHEL said in a statement. "On his [...]
Stock hits 5% upper circuit after company announces merger with its subsidiary; Check the details
The small-cap stock with a market capitalization of Rs 1,517 crore which is a manufacturer of architectural accessories gained 23.2 percent in the last 5 trading sessions. On Tuesday, Hardwyn India Ltd's shares were locked at a 5 percent upper circuit of Rs 43.50 a share. The stock price increased after the company's board of [...]
Promoters of India’s 5th largest Bank to increase stake to 26% by raising $1.5 Billion
The Hinduja Group, India's largest conglomerate, operates the country's fifth-largest private bank by market capitalization and it is the first bank to go live on RBI’s Account Aggregator Framework. IndusInd Bank Limited shares climbed almost 1.5 percent in the first half session on Tuesday, reaching an all-time high price of Rs 1,394. The company has [...]
Mukesh Ambani launches 4G phone at ₹ 999 to accelerate 2G Mukth Bharat mission
Mukesh Ambani-owned conglomerate, through a regulatory filing with the Bombay Stock Exchange (BSE) dated 3rd July 2023, announced the launch of “Jio Bharat” 4G phones at Rs 999. Reliance Industries Limited, the most valued company in India, is a conglomerate company operating in various segments, some of which include oil & gas, Financial Services, retail, [...]
NBFC stock rallies 8% after robust business outlook; Brokerage sees 15% upside
NBFCs have started providing their business updates for the first quarter of FY 2023-24. The shares of this large-cap NBFC escalated 8% on Tuesday’s early trades to reach a fresh 52-week high of ₹ 7918.00 apiece. It surpassed its previous high of ₹ 7,777 touched on September 2022. At 11:40 AM, its shares were trading [...]
Auto stock falls more than 5% after competitors pose a threat of reducing market share
The shares of this large-cap automobile stock slipped more than 5 percent today after another player in the industry is striving hard to eat up the existing customer base by offering new models at much affordable rates. Eicher Motors Limited is an India-based automobile manufacturer conducting business through two broad product types such as motorcycles [...]
Small-cap stock that dominates the Agri-pipe segment to add to your watchlist
A market leader is a company that has the largest market share in a given industry. It is described based on the highest profitability margin, sales growth, and revenue as well. Here is a market leader small stock with a market dominance of 25%. Finolex Industries Ltd is India's most renowned and exclusive manufacturer of [...]
Smallcap stock jumps up to 16% after it bags orders worth ₹ 2,207 Cr; Check the details
With a 27 percent market share, India's leading player in the electricity metering solutions business gained 16 percent in the first half session on Tuesday, reaching an all-time high price of Rs 149.70. The shares increased after the company received Rs 2,207.53 crore order. At 12:15 pm, the shares of Genus Power Infrastructures quoted Rs [...]
4 Large Cap stocks that are undervalued to keep on your radar; Do you own any?
Stocks with an ‘undervalued’ nature portray characteristics such as having a market value that is lower than their true intrinsic value. The process of investing in such undervalued stocks is called ‘Value Investing’. Listed below are four undervalued Large-cap stocks that investors should keep an eye on: Hero Motocorp Limited Domiciled in India, Hero MotoCorp [...]
ED questions Anil Ambani in fresh FEMA case linked to foreign assets
Reliance ADA Group Chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) here and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. The industrialist and his wife Tina Ambani have been summoned again for a similar round of questioning later [...]
Torrent Power implements pilot project for blending green hydrogen with natural gas
Torrent Power on Monday said it is working on a pilot project for blending green hydrogen with natural gas in the city gas distribution (CGD) network. The pilot project underway in Gorakhpur, Uttar Pradesh, is expected to complete in 8 months, the company said in a statement. "Torrent Power is implementing a green hydrogen pilot [...]
Microchip to invest USD 300 million in India on manpower, facilities
Semiconductor company Microchip has earmarked USD 300 million for investment in India spread over multiple years, a senior company official said on Monday. Microchip President and CEO Ganesh Moorthy said that the investment will be made in people, training and certain infrastructure like research and development centre, lab and equipment, and offices. "USD 300 million [...]
Senco IPO price band at Rs 301-317 per share
Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors [...]
Sensex, Nifty at record high in early trade
Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum. Rallying for the fifth straight session, the 30-share [...]
Stock to Watch: Auto company who is a global market leader in exterior mirrors to keep an eye
Samvardhana Motherson International Limited (SAMIL) is one of the largest and fastest-growing automotive OEM suppliers in the world. It is a diversified global manufacturing expert and is one of the top 25 global automotive suppliers. The company has a 24 percent global market share in the manufacture of exterior mirrors for passenger cars, commercial vehicles, [...]
6 Bank stocks jump up to 6% after expectations of improvement in banking industry’s loans ratio
The shares of public sector banks have been in focus these days. The Nifty PSU Bank index surged 3.6 percent today, on the expectation of an improvement in the banking industry’s loans ratio amid favourable economic prospects. Over the past year, the index delivered a massive return of 71.13 percent., as compared to the Sensex [...]
Multibagger stocks with low P/E ratio that are trading at 52-week high; Are you holding any?
P/E Ratio or Price to Earnings Ratio is a widely used metric to define the value of a stock, this P/E depicts the ratio of the current price of a company’s share in relation to its earnings per share (EPS). In particular situations, a company's share price is relatively greater than its earnings, indicating that [...]
Block Deal: Telecom stock in green after Capital group buys 1.25 crore shares
With a market capitalization of Rs 5,00,000 crores, the shares of Bharti Airtel Limited are trading in the green today and are currently available for Rs 880. In the last five trading sessions, the scrip gained around 3.40 percent ranging from Rs 851.65 at the end of June to the current price levels. According to [...]
Small cap stock jumps nearly 9% after Board to likely consider buyback of shares; Check the details
The stock of BSE Limited saw a jump of around 9 percent today and currently are available for Rs 661. In the last one month period, the scrip gained nearly 15 percent ranging from Rs 576.70 at the start of June to the current levels. The stock prices increased after the company, through a regulatory [...]
Multibagger stock jumps 16.8% after Ashish Kacholia buys 4.39 Lakh shares of the company
Shares of Vasa Denticity gained 16.8 percent on the NSE SME exchange to reach an all-time high of ₹ 382.95 apiece after ace investor Ashish Kacholia invested in the company. At 12:58 PM, its shares were trading at ₹ 374.00 apiece, up 14.08 percent. Vasa Denticity is engaged in the business of marketing and distribution [...]
Gas stock gains up to 5% after Government increases the import tariff on propane
Gujarat Gas Ltd, India's largest city gas distribution provider, rose roughly 5.6 percent in the first half session on Monday, Company shares jumped after the government hiked import duty on propane for commercial use. Gujarat gas is engaged in the business of Natural gas that involves distribution of gas from the source to the end [...]
Multibagger stock jumps 10% after a block deal; Analyst see a further upside of 31%
Shares of Suzlon Energy witnessed a notable surge of 9.8 percent on Monday’s early trades. Extending its gaining streak to six sessions, its share price reached a fresh 52-week high of ₹ 16.80 apiece and was locked at that price at 12:08 PM. According to reports, multiple block deals took place on the counter, where [...]
Navratna stock jumps nearly 3% after it records highest ever production and sales numbers
The shares of NMDC Limited, India’s largest iron ore producer, opened their trading hour at Rs 106 and currently trade at Rs 107.50, surging around 3 percent compared to the previous closing levels of Rs 104.65. It has a market capitalization of Rs 31,400 crores. One of the probable reasons for the company’s stock to [...]
Defence stock jumps after it receives an order to manufacture 400 agricultural drones
Paras Defence and Space Technologies Ltd shares gained 2.6 percent in Monday’s session. The shares rose after the company signed a Rs 42-crore deal with IFFCO Nano Fertilisers for 400 agri-drones. As per exchange filings, The company received a contract to manufacture 400 units of Agri-Drones for IFFCO Nano Fertilisers, including a two-year annual maintenance [...]
Stock climbs 8% after signing a contract worth ₹ 2725 cr with the Indian Navy
Shares of Mazagon Dock Shipbuilders shot up nearly 8% on Monday’s early trades to reach a fresh 52-week high of ₹ 1342.00 apiece after it signed a contract with the Indian Navy. At 11:37 AM, its shares were trading at ₹ 1320.00 apiece, up 5.91%. The company informed the bourses that it signed a contract [...]
PTC India likely to clock 20% growth in power trading in FY24: CMD Mishra
Power trading solutions provider PTC India Ltd has clocked 16 per cent growth in its power trading volumes during the first quarter of this fiscal and hopes for around 20 per cent rise in the entire 2023-24, driven by targeted segment wise trade and innovative products, according to CMD Rajib Kumar Mishra. PTC India's trading [...]
Robotics firm Addverb aims Rs 8,000 cr revenue in 5 years; to invest Rs 500 cr in manufacturing
Reliance Retail-owned robotics firm Addverb expects to cross Rs 8,000-crore revenue mark in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said. Addverb Technologies co-founder and CEO Sangeet Kumar told PTI that the company will invest Rs 500 crore in its Greater Noida-based robot manufacturing facility [...]
India’s room AC market likely to touch USD 5 billion by FY28: Voltas
The Indian room air conditioner market is likely to reach USD 5 billion by FY28 with a compound annual growth rate (CAGR) of 10 per cent, according to Tata group firm Voltas. The company expects to be at the forefront of this growth. Voltas, an industry leader in the segment with a market share of [...]
BoB plans to divest up to 49% in credit card arm
State-owned Bank of Baroda (BoB) plans to sell up to 49 per cent stake in credit card business arm BOB Financial Solutions Ltd. Currently, it is 100 per cent owned by BoB. The bank has floated a Request for Proposal for roping in a strategic investor, and the process is expected to complete in one [...]
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