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Infra stock in focus after receiving an order worth ₹2000 Cr
The Shares of this small-cap Infrastructure Developer Company with a market cap of Rs 18,632.99 Crores are in focus today after securing new orders worth Rs 2,038 Crores. The shares, as of 11:30 am, are trading around Rs 1,085 apiece, 1.8% down from its previous close of Rs 1,106 per share. New orders’ details The [...]
Bank stock falls 7% after company’s net profit decreases by 64% YoY
Shares of this small finance bank recorded an intra-day low of Rs 32.10, around 7% down from its previous close of Rs 34.56 per share due to underwhelming Q3FY25 results. Reason for the fall The Ujjivan Small Finance Bank’s Net profit was down by 64%, from Rs 300 Crores in Q3FY24 to Rs 109 Crores [...]
Telecom stock jumps after receiving order worth ₹2,168 Cr from RVNL
This Telecom stock which deals in the business of infrastructure related to telecom and enabler with active interest focused on telecom infrastructure development, integration of systems, and supply and manufacturing of high-end telecom equipment, Optical Fiber and Cable were in focus after the company received a work order from RVNL worth Rs. 2,167.65 crore. Share [...]
Financially strong stock jumps 13% after its net profit increases by 35% YoY
The small-cap stock company engaged in providing technology-driven financial services jumped up to 13 percent on Friday after the announcement of its Q3 results with a 35 percent rise in net profits year on year. Price Action With a market capitalization of Rs 20,464.62 crore, KFin Technologies Ltd rose 13 percent in Friday’s trading session [...]
Ashish Kacholia stock jumps after company enters into an agreement with Siemens India
This Ace Investor Ashish Kacholia stock which deals in the business of financial solutions and products and managing business expenses of corporates, Startups, and SMEs through automated workflows was up by 1.7 percent after the company entered an agreement with Siemens Limited. Share Price Movement With a market capitalization of Rs. 6,387.50 Crores, the shares [...]
Smallcap stock jumps 13% after reporting 36% YoY increase in net profits
Smallcap media company with a market cap of 4190 Cr jumped 13% from yesterday’s closing price and reached a new 52-week high of Rs 2,524.90 on Friday after posting Q3FY25 results. The company announced robust earnings and expansion plans. Q3FY25 Results MPS (Formerly known as Macmillan India Ltd) reported a 39% increase in total revenue [...]
EMS stock jumps 7% after announcing Q3 results
The shares of this smallcap consumer durables stock engaged in manufacturing heating and ventilation equipment jumped 7 percent on Friday after the announcement of its Q3 results with a 64 percent rise in revenue year on year. Price Action With a market capitalization of Rs 23,625.72 crore, Amber Enterprises India Ltd rose 7 percent in [...]
Smallcap stock jumps 4% after commencing clipboard production at its new facility in Andhra Pradesh
The shares of one of the Smallcap stocks specializing in the manufacturing of interior products, jumped 4 percent following commencement of commercial production of Chipboard at its manufacturing facility located in Naidupeta, Andhra Pradesh Price action With a market capitalization of Rs. 7,197.72 crores on Friday, the shares of Greenlam Industries Limited trading at Rs. [...]
Why did Tejas Network shares drop by 9% despite reporting ₹166 Cr profit?
This Tata Group stock which deals in the business of designing and manufacturing wireline and wireless networking products was down by 9 percent after net profit turned loss to profit. Price Movement In Friday’s trading session, Tejas Networks Ltd's share price touched a day’s low of Rs. 994.05, which was down by 9.36 percent. The [...]
Ashish Kacholia stock jumps 10% after receiving order worth ₹741 Cr from PowerGrid
This Ace Investor Ashish Kacholia stock specialising in providing integrated solutions in the power transmission and distribution sector, jumps 10 percent upon receiving a work order worth Rs. 741.28 Crores from PowerGrid Corporation of India Limited. Price action With a market capitalization of Rs. 2,025.74 crores on Friday, the shares of Jyoti Structures Limited trading [...]
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Inclusive development, productivity enhancement, energy transition and climate action four pillars of development: FM. PTI DP ANZ MR
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Big private investment in infra would be guided by Gati Shakti: FM. PTI DP ANZ MR
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NARCL has commenced its activity, says FM. PTI DP ANZ MR
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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
2 Tata Group stocks jump after they bag orders worth ₹ 15,000 crore from BSNL
A consortium led by Tata Consultancy Services (TCS), the flagship company of the Tata Group, received an advance purchase order (APO) worth over ₹ 15,000 crores from Bharat Sanchar Nigam Ltd. (BSNL), a public sector undertaking for the deployment of a 4G network across India. The TCS-led consortium includes Tata Group’s telecom gear-making company Tejas [...]
Adani group stocks jump more than 5% and hits upper circuit; Check here to know why
Shares of Adani Group companies were in the green after a report by a six-member committee appointed by the Supreme Court stated on Friday, May 19, 2023, that it cannot conclude any regulatory failure around the Adani Group- Hindenburg case. According to the report, there was no regulatory failure in the Adani Hindenburg case in [...]
Stock jumps more than 13% after company’s net profit increases 131%; Announces dividend
Shares of ELGI Equipments Ltd escalated 13.09% to reach an intraday high of ₹ 534.00 apiece on the National Stock Exchange (NSE), after the company reported its result for the quarter and year ended March 31, 2023. At 11:55 AM, its shares were trading 12.92% higher at ₹ 533.20 apiece. Elgi Equipments along with its [...]
Q4 earnings, global factors, FII trading activity to guide mkts this week: Analysts
Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said. Equity markets took a breather last week. The BSE Sensex declined 298.22 points or 0.48 per cent and the Nifty dipped 111.4 points or [...]
FPIs bring in Rs 30,945 cr in May on strong economic fundamentals
Foreign investors have put in Rs 30,945 crore in the Indian equities in May so far, driven by strong macroeconomic fundamentals, prospect of reducing interest rates, positive earnings outlook and falling valuations of stocks. With this, net inflows by Foreign Portfolio Investors (FPIs) reached Rs 16,365 crore in 2023 so far, data available with the [...]
Discoms’ dues down by a third to Rs 93,000 cr in less than a year of enforcing Late Payment Surcharge Rule
The total outstanding dues of electricity distribution utilities (discoms) has reduced by a third to around Rs 93,000 crore in May, in less than year of implementing the Late Payment Surcharge (LPS) Rules in June 2022. The burgeoning dues of discoms toward power generation (gencos) mainly and transmission (trancos) firms have been affecting the entire [...]
Royal Enfield looking to roll out uniquely differentiated electric bikes: CEO
Royal Enfield is developing 'uniquely differentiated electric motorcycles' and has already started investing towards product development and creating a supplier ecosystem around its Chennai-based plant, according to CEO B Govindarajan. The company, which is part of Eicher Motors, has announced a capex of Rs 1,000 crore for the current fiscal with a focus on various [...]
Six entities under lens for suspicious trading in Adani shares: SC panel
Six entities including four foreign portfolio investors (FPIs) are under lens for suspicious trading in Adani group shares prior to the release of the damning Hindenburg report, the Supreme Court-appointed expert committee has said. There was a build up of short positions in the Adani scips prior to the January 24 release of the Hindenburg [...]
Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings. From posting a total net loss of Rs 85,390 crore in 2017-18, the Public Sector Banks (PSBs) have come a long [...]
Blackstone acquires International Gemological Institute at enterprise value of USD 525 million
Global private equity giant Blackstone on Sunday announced the acquisition of International Gemological Institute (IGI) at an enterprise value of over USD 525 million. IGI is headquartered in Antwerp, Belgium, but counts on India, the largest diamond polisher in the world, for a majority of its revenues and profits. Blackstone has acquired 80 per cent [...]
Markets climb in early trade
Equity benchmark indices climbed in early trade on Monday amid rally in Asian markets along with buying in index heavyweights IT counters and Reliance Industries. The 30-share BSE Sensex climbed 146.98 points to 61,876.66 in early trade. The NSE Nifty went up by 55.3 points to 18,258.70. Among the Sensex firms, NTPC, Power Grid, Wipro, [...]
Weekly Recap: SEBI probe in Adani, FII bullish on India, GAIL’s capex plan, results, and more
Domestic benchmark Indices opened in the green on Monday. The thirty-share BSE Sensex opened at 62,157.10 points, up 130.01 points, while the fifty-share NSE Nifty 50 opened at 18,339.30 points, up 24.5 points. On Friday, the indices ended volatile session higher, breaking a three day losing streak, led by IT and financial shares. However, they [...]
4 Blue Chip stocks in which Mutual Funds increased their stake consistently; Do you own any?
Data shows that mutual funds scooped up shares of several blue chip stocks. Investors closely follow the investments that mutual funds and other domestic and foreign institutions make as they can steer the markets to the green or to the red. While it is good to keep an eye on the flow of institutional money, [...]
Top stock picks: 8 Stocks to BUY now for an upside of up to 51%
Snapping a three-day losing streak, domestic benchmark indices closed in the green on Friday, led by technological and IT stocks. The Sensex closed at 61729.68 points, up 0.48 percent while the Nifty closed at 18,203.40 points, up 0.41 percent. Meanwhile, here are 8 stocks to buy for an upside of up to 51 percent State [...]
Stocks to Watch: 6 Stocks that will be trading ex-dividend next week
‘Dividend’ is usually defined as the distribution of a company's earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company. Moreover, an additional [...]
₹ 6.77 to ₹ 1209: Multibagger stock turns 1 lakh to 1.78 Crore in just 20 years
Shares of Carborundum Universal Limited closed at a price of Rs 1,209 on friday and has a market capitalization of Rs 22,810 crores. The scrip has given multibagger returns of approximately 17,758 percent during a long-term period of 20 years ranging from Rs 6.77 in May 2003 to the current price levels. It means that [...]
Stocks to Watch: 3 Undervalued stocks to add to your watchlist
Undervalued stocks are equity shares that have a market value that is lower than their true intrinsic value. Moreover, the process of investing in such undervalued stocks is called ‘Value Investing’. Listed below are 3 undervalued stocks that investors should keep an eye on: UPL Limited UPL Limited is a global crop protection and seed [...]
Breaking Barriers: 5 Reasons why Analysts predict ITC’s share price to surpass ₹ 500
Sensex Topper ITC reported its results for the quarter and the year ended March 31, 2023. It had reached a fresh 52-week high of ₹ 433.45 apiece on May 09, 2023, indicating an increase of 67.97% from its 52-week low of ₹ 258.05 that it had reached on June 17, 2022, on the Bombay Stock [...]
Stock to Buy: Vijay Kedia stock that can deliver returns of up to 25%
Shares of Siyaram Silk Mills Ltd closed at the price of ₹ 568.25 on Friday’s trading session with a 1.11 percent dip. The company has a market capitalization of ₹ 2,673 Cr. Renowned investor Mr. Vijay Kedia owns a 1.08% stake or 5,05,000 shares of the company. Siyaram Silk Mills Ltd is a Textile manufacturing company. [...]
Multibagger auto stock jumps up to 12% and hits 52 week high after volumes increase
With a market capitalization of Rs 413 crores, the shares of NDR Auto Components Limited gained nearly 5 percent closing at Rs 700. The stock witnessed an intra-day high of Rs 744.90 which also became the stock’s 52-week high mark. The intra-day high levels represent a 12 percent increase as compared to the previous closing [...]
PNB Q4 Results: Net profit jumps over 5-fold to Rs 1,159 cr
Punjab National Bank (PNB) on Friday reported over five-fold jump in its net profit to Rs 1,159 crore for the March 2023 quarter, helped by lower bad loans and a rise in interest income. The state-owned bank had earned a standalone net profit of Rs 202 crore in the year-ago period. During the quarter, the [...]
Gail to borrow up to Rs 7,000 cr domestically to fund Rs 10,000 cr capex plan in FY24
Gail India plans to borrow up to Rs 7,000 crore in FY24 to fund the Rs 10,000 crore capital expenditure plan for this fiscal, a top company official said on Friday. The state-owned company's chairman and managing director SK Gupta said, "For this fiscal, we plan to spend Rs 10,000 crore". He added that even [...]
Siemens to sell low voltage motors, gears biz for Rs 2,200
Technology firm Siemens' board on Friday approved the sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary -- Siemens Large Drives India -- for Rs 2,200 crore. The Board of Directors of Siemens Limited has approved the sale and transfer of low voltage motors and geared motors businesses, including related [...]
Sebi probe into Adani drew blank: SC-appointed panel
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in [...]
Pharma stock hits 20% lower circuit after company posts 66% decline in net profit
With a market capitalization of Rs 17,550 crores, Gland Pharma Limited’s stock started its trading session today at Rs 1,160, and, as of 10:00 am, the scrip is locked in the 20 percent lower circuit marked at Rs 1,065.60. Such a sharp movement in the stock prices is observed after the company announced its Q4 [...]
Small cap stock hits 20% upper circuit after company reports 155% jump in net profit
Shares of Refex Industries, a gas distribution company, shot up 20 percent on Friday’s early trades to hit the 20 percent upper circuit. Its shares were locked at ₹ 426.65 apiece on the National Stock Exchange (NSE). This happened after the company reported robust results for the quarter and the year ended on March 31, [...]
Stock surges nearly 5% after the board of its subsidiary company approves raising ₹ 232 Cr
Shares of Nazara Technologies Limited opened its trading hour at Rs 592.10 and currently trades at Rs 608, zooming nearly 5 percent as compared to the previous closing price of Rs 580.95. In the last one-month period, the stock has gained around 19 percent ranging from Rs 512.20 to the current price levels. One of [...]
Cement stock climbs 6% to reach 52 week high after company’s net profit jumps 130%
Shares of Ramco Cements Ltd currently trading at the price of ₹833.40 surged 6.63 percent on Friday by hitting a 52-week high of ₹835 or 8.02 percent. One of the probable reasons for the stock to hit a high price is the company's recent announcement of strong Q4 FY 22-23 earnings. The company reported a [...]
3 Multibagger small cap stocks with High Promoter holding of up to 74%; Do you own any?
Promoter holding is one of the important parameters that investors check while investing in a company that is not professionally managed or is managed by families. A high or increasing promoter holding indicates that its promoters think that it is worth buying the shares of their company and is a positive signal. Here are a [...]
Nexus Select Trust REIT shares debut 3% higher
Shares of Nexus Select Trust, the first REIT backed by rent-yielding retail real estate assets, listed with a gain of 3 per cent against the issue price of Rs 100 per unit on Friday. The stock made its debut at Rs 102.27, up 2.27 per cent on the BSE. It further climbed 4.9 per cent [...]
3 Defence stocks that delivered Multibagger returns of up to 180% in the past year
The defence industry includes engineering, production and maintenance companies for military facilities, equipment and material. India used to be one of the top importers of defence technology, however, over the past few years, the country has concentrated on lowering its reliance on foreign defence imports with programs like "Make in India" and "Atmanirbhar Bharat." As [...]
Stock markets turn volatile after positive beginning
Equity benchmark indices started the trade on a firm note on Friday amid positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals. Later, both the benchmark [...]
Bata India Q4 Results: Consolidated net profit up 4.2% YoY
Leading shoemaker Bata India on Thursday reported a 4.22 per cent rise in consolidated net profit to Rs 65.62 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 62.96 crore in the January-March quarter a year ago, Bata India Ltd said in a BSE filing. Its revenue [...]
REC plans to increase loan book by two-fold to Rs 10 lakh cr by 2030
State-owned non-banking finance firm REC Ltd is planning to increase its loan book over two-fold to Rs 10 lakh crore by 2030, including Rs three lakh crore for renewable energy projects. This assumes significance given India's ambitious target of having 500GW of renewable energy capacity by 2030. REC Ltd's loan book is Rs 4.35 lakh [...]
Former Russian unit resumes regular LNG supplies to India; 6 US cos offer stake to GAIL
A former unit of Russian energy giant Gazprom has resumed supplying LNG to Indian state gas utility GAIL a year after it halted supplies due to the Ukraine war, GAIL chairman Sandeep Kumar Gupta said Thursday. The resumption of supplies, which came to a halt in June last year, has shored up gas availability in [...]
Promoter of BLS International Services offloads shares worth Rs 196 cr
A promoter of BLS International Services on Thursday offloaded shares worth Rs 196 crore through an open market transaction. BLS International Services is into visa and consular services and Diwakar Aggarwal (promoter) has sold his shares. According to the bulk deal data available with the National Stock Exchange (NSE), Diwakar Aggarwal offloaded 1.12 crore shares, [...]
Course5 Intelligence raises USD 28 million from 360 ONE Asset Management
Analytics and AI solutions company Course5 Intelligence on Thursday said it closed a fundraise of USD 28 million, about Rs 231 crore, from 360 ONE Asset Management, formerly known as IIFL Asset Management Limited. The fundraise is part of its ongoing USD 55 million, about Rs 455 crore, funding round. "Course5 Intelligence announced today that [...]
United Spirits Q4 Results: Consolidated net profit falls 42.4% YoY
Diageo-controlled liquor maker United Spirits Ltd on Thursday reported a 42.44 per cent decline in its consolidated net profit to Rs 102.8 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 178.6 crore a year ago, United Spirits Ltd (USL) said in a regulatory filing. Its revenue [...]
Godrej Agrovet, SBI partner to offer loans to oil palm farmers
Godrej Agrovet's Oil Palm Business on Thursday said it has partnered with the State Bank of India (SBI) to offer loans to oil palm farmers for setting up micro irrigation facility and install fencing to protect crops from cattle and improvement of tube well at their oil palm farms. Introduced with an objective of aiding [...]
RITES Q4 Results: PAT rises 6.5% YoY to Rs 138 crore
Transport infrastructure consultancy and engineering firm RITES Ltd on Thursday said its profit after tax increased by 6.5 per cent to Rs 138 crore in the January-March 2023 quarter. The company had posted a profit after tax (PAT) of Rs 130 crore in the year-ago quarter, RITES said in a statement. Operating revenue, excluding other [...]
IndiGo back in black on robust mkt demand, revenues; posts Rs 919.2 crore profit in March quarter
Fuelled by robust market demand and higher revenues, InterGlobe Aviation on Thursday flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter. The parent of the country's largest airline IndiGo, which had faced turbulence last year, had a net loss of Rs 1,681.8 crore in the three [...]
Not in any talks to acquire Restaurant Brands Asia: JFL
Jubilant FoodWorks Ltd (JFL), the master franchisee for Domino's Pizza and Dunkin, on Thursday said it is not in the race to acquire Restaurant Brands Asia Ltd, formerly known as Burger King India Ltd. The leading Quick Service Restaurant (QSR) chain operator said it "strongly refutes" any information appearing about a deal speculating it to [...]
SBI Funds Management receives RBI’s nod for acquiring a major shareholding in HDFC Bank
HDFC Bank, through a regulatory filing over the BSE dated 17th May 2023, informed that the Reserve Bank of India (RBI) has approved the application made by SBI Funds Management Limited (SBIFML) with respect to acquiring up to 9.99% of the Bank’s paid-up share capital or voting rights. The approval granted is subject to the [...]
Dividend Master: Penny Stock with a high dividend yield of 14% to keep a watch
Standard Industries is a penny stock with a market capitalization of ₹ 202 crores and a market price of ₹ 30.75 apiece. The company is engaged in the business of property division and trading in textiles and chemicals. Its wholly-owned subsidiaries include Standard Salt Works Ltd and Mafatlal Enterprises Ltd. The company’s share price has [...]
Paytm partners with SBI Card, NPCI to launch next-gen co-branded RuPay credit cards
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces [...]
3 Mid cap stocks which lowered their debt by up to 54% in the last 3 years; Do you own any?
A company's market capitalization is crucial for investors to estimate its potential and inherent risks. Mid-cap companies have evolved from small-cap and have the potential to become large-cap. Midcap stocks are riskier than large caps or small caps but provide larger returns. They also have less competition when it comes to purchasing discounted shares. Mid-cap [...]
Markets give up intra-day gains; fall for 3rd day
Equity benchmark indices pared their intra-day gains and ended lower on Thursday, pulled down by index majors ITC and State Bank of India after their fourth quarter earnings failed to cheer investors. After trading in the green for most part of the day, the 30-share BSE Sensex declined 128.90 points or 0.21 per cent to [...]
IndiGo Q4 Results: Net profit at Rs 919.2 crore
InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Thursday reported a net profit of Rs 919.2 crore in the three months ended March. The company had a net loss of Rs 1,681.8 crore in the year-ago period. "For the year ended March 2023, IndiGo reported a profit of Rs 26,540 million, excluding [...]
Ashish Kacholia stock zooms more than 11% in the last 5 trading sessions; Check here to know why
Ami Organics Limited is a manufacturer of specialty chemicals based in India. These specialty chemicals mainly focus on the manufacturing and development of pharma intermediates for generic & regulated Active Pharmaceutical Ingredients (APIs) as well as New Chemical Entities (NCEs). The company has developed and commercialized more than 450 pharma intermediates across 17 therapeutic areas. [...]
Top 3 Mid cap stocks bought by Mutual Funds in the month of April; Do you hold any?
A ‘Mutual Fund’ is a trust that collects money from a pool of investors sharing a common investment objective and invests the same money in various instruments such as equities, bonds, and/or other securities. Mutual Funds infuse money into/take money out of companies after their due diligence activities and consider other important factors in relation [...]
ITC Q4 Results: Consolidated net profit rises 22.66% YoY
Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023. The company had posted a consolidated net profit of Rs 4,259.68 crore in the year-ago period, ITC Ltd said in a regulatory filing. Its consolidated revenue from operations [...]
Multibagger small cap stock jumps more than 14% on robust results; Announces 150% dividend
With a market capitalization of Rs 1,446 crores, The Anup Engineering Ltd (TAEL) is engaged in the process of manufacturing as well as fabrication of process equipment that is required for petrochemicals, fertilizers, pharmaceuticals, and other allied industries. The company’s product portfolio includes industrial centrifuges, dished ends, static process equipment, etc. The company has a [...]
Vijay Kedia stock tumbles 7% after Q4 Results failed to meet market expectations
Shares of Vaibhav Global plunged 7% on Thursday’s intraday trades to reach a low of ₹ 297.50 apiece after the company’s results failed to cheer investors. At 02:08 PM, its shares were trading at 298.75 apiece, down 6.57%. Renowned investors Vijay Kedia and Ashish Kacholia hold a stake in the company. Vijay Kedia owns a [...]
2 Hospitality stocks jump up to 15.5% after announcing their results for FY22-23; Check the details
The Hospitality industry has seen a comeback in the number of footfalls, especially after a long-lasting lockdown period. The companies are striving hard paving ways to improve their operations and bounce back. Listed below are 2 such companies in the Hospitality industry which released their results for FY2022-23: Restaurant Brands Asia Limited Restaurant Brands Asia [...]
SBI’s Q4 Results: Net profit zooms 83% YoY
The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at Rs 16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. In the January-March quarter of 2021-22 financial year, State Bank of India's net profit on standalone basis was Rs 9,113.53 crore. [...]
NDTV plans to launch 9 news channels in different languages
Media firm New Delhi Television Ltd (NDTV), now owned by Adani group, on Thursday said it plans to launch nine news channels in different Indian languages in phases. The board of the company, at its meeting held on Thursday, has "approved a proposal to seek the permission of the Ministry of Information & Broadcasting for [...]
Automation stock jumps ₹ 3805 or 10% per share after reporting 54% increase in net profit
Shares of Honeywell Automation surged 10.16% or ₹ 3805.05 apiece on Thursday’s early trades to reach an intraday high of ₹ 41258.80 apiece on the National Stock Exchange (NSE) after the company reported robust results for the quarter and year ended March 31, 2023. At 12:38 PM, its shares were trading 9.07% higher at ₹ [...]
Stock hits 52 week high after healthcare services company posts PAT jump of 85% in Q4
The shares of Max Healthcare Institute Ltd shot up by 1.42% and currently trade at ₹528.80 by reaching a 52-week high of ₹531.45 on Thursday. One of the probable reasons for the stock to hit a high price is the company's recent announcement of strong Q4 FY 22-23 earnings. The stock is gaining traction because [...]
Stock to Buy: Fundamentally strong stock that can deliver up to 28% returns
A company is said to be ‘Fundamentally Strong’ when it bags the luxury of having decent financials and margins. Moreover, such companies, in comparison to others in the industry, have lower debt levels thereby improving their short-term liquidity management. Listed below is one such Fundamentally Strong stock that investors should keep under their radar: Jindal [...]
JSW Steel declared preferred bidder for iron ore block in Maharasthtra
JSW Steel on Wednesday said it has been declared as the preferred bidder for an unexplored iron ore mine in Maharashtra. The company will take all requisite steps as per the tender document to obtain letter of intent, all statutory clearances to execute the lease deed with mine development and production agreement (MDPA) and start [...]
TeamLease Services Q4 Results: Consolidated net profit dips by 22.92% YoY
Staffing company TeamLease Services on Wednesday reported a 22.92 per cent decline in consolidated net profit at Rs 24.37 crore compared to the same period in the previous financial year. The company's net profit stood at Rs 31.62 crores during the corresponding quarter of the previous fiscal, TeamLease Services said in a regulatory filing. Revenue [...]
MTAR Q4 Results: Consolidated net profit grows 56% YoY
MTAR Technologies Ltd on Wednesday posted a 56 per cent rise in its consolidated net profit to Rs 31 crore during March FY 2022-23 quarter, on account of higher income. It had clocked a net profit of Rs 19.8 crore during the January-March quarter of FY 2021-22, the company said in a regulatory filing. The [...]
NHPC bags 200MW solar power project from Gujrat Urja Vikas Nigam
State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05.2023 to NHPC Limited for 200 MW capacity Solar Power [...]
Only 6 companies bids for Future Retail, big ones such as Reliance and Adani opt-out
The lenders of debt-ridden Future Retail Ltd (FRL) have received six bids from prospective buyers by May 15, which was the last date for submission of resolution plans. The company is "in receipt of resolution plans/bids from 6 prospective resolution applicants in response to the Request for Resolution Plans" said the regulatory filing by FRL [...]
Sebi levies Rs 50 lakh fine on 10 entities for indulging in non-genuine trades
Capital markets regulator Sebi on Wednesday levied fines totalling Rs 50 lakh on ten entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In ten separate orders, the regulator imposed a fine of Rs 5 lakh each on Auroplus Marketing Pvt Ltd, Baba Iron Industries, Atlantic Invest Advisory, Avinash V [...]
Actively considering, evaluating options to participate in PLI 2.0: Optiemus Electronics
Electronics manufacturing services company Optiemus Electronics is actively considering and evaluating options to participate in the Rs 17,000-crore incentive scheme approved by the Cabinet to boost local production of laptops, tablets and computing devices, a senior company official said on Wednesday. Optiemus Electronics Limited Managing Director A Gururaj said that additional financial outlay for IT [...]
Sterlite Tech Q4 Results: Consolidated net profit of Rs 65 cr
Broadband technology provider Sterlite Technologies on Wednesday posted a consolidated net profit of Rs 65 crore for the fourth quarter ended March 2023. The company had recorded a loss of Rs 22 crore in the year-ago period. The consolidated revenue from operations of Sterlite Technologies (STL) stood at Rs 1,872 crore during the reported quarter. [...]
Markets bounce back after 2 days of fall amid rally in global equities
Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20. Among the Sensex firms, Bajaj Finance, Axis [...]
Auto stock zooms 15% after Board plans to divest US subsidiary; Check the details
Rane (Madras) Limited (RML) is engaged in the business of providing components for the transportation industry. It manufactures steering gear products, steering & suspension linkages products, and other articles of aluminium die-casting products. The company operates through two divisions namely the ‘Light Metal Castings’ and ‘Steering and Linkages’ division. Today, through a regulatory filing over [...]
3 Tata Group stocks trading at a discount of up to 33% from their 52 week highs; Do you own any?
Established in 1868, the Tata Group is India’s largest conglomerate with products and services in over 150 countries, and operations in 100 countries across six continents. Tata Group companies have been in existence for years and have rewarded investors with handsome returns. Many investors look for opportunities to buy these stocks at a discount, so [...]
Here are 6 Reasons why LIC stock price has dropped 40% since its listing last year
It has been one year since India’s largest insurer, the Life Insurance Corporation of India got listed on the bourses on May 17, 2022. Once labelled as a game-changer for the Indian equity market, the insurance behemoth turned out to be a wealth destructor for investors. LIC has an extensive reach throughout the length and [...]
Stock jumps more than 4% after company receives orders worth ₹ 500 crores
The shares of Man Industries Ltd shot up by 4% and currently trades at ₹117.35 reaching a 52-week high of ₹118.70 on Wednesday. One of the probable reasons for today's record-high stock prices is the company received a new order worth ₹ 500 crores, That makes the total order book of the Company stand at [...]
₹ 1 Lakh To ₹ 5 Lakhs: Multibagger stock backed by LIC delivers returns 400% in a year
With a market capitalization of ₹ 769 crores, Kirloskar Electric Company is a micro-cap stock that is backed by LIC. The electrical engineering company manufactures transformers, alternating current (AC) motors, AC generators, direct current (DC) motors, diesel generator sets, electronics, and switchgear and offers solutions for customized applications related to industrial power. India’s largest Domestic [...]
Telecom stock in green after company reports Net profit growth of 89% QoQ
Bharti Airtel stock traded at ₹ 791.50 gaining 1.14% on Wednesday’s trading session, The stock touched an intraday high of ₹797.40 apiece in the opening bell. Today's stock price movement is observed after the company declared strong Q4 results. The company’s Board also recommended a final dividend of ₹4 per fully paid-up equity share of [...]
2 Bank stocks to buy now post Q4 Results for an upside of up to 49%
Banking stocks have given stellar returns in the past year. In fact, the Nifty Bank Index gained more than 26% in the past year and reached a fresh 52-week high of 44151.80 points recently. Gains in banking stocks have also provided buoyancy to the headline indices. Here are two banking stocks to buy for an [...]
NBFC Stock zooms nearly 9% after posting strong Q4 Results; Net Profit increases by 134%
Shares of CreditAccess Grameen Limited jumped nearly 9 percent and currently trades at Rs 1,181.35. The scrip hit its 52-week high mark at a price of Rs 1,212.70. In the last 5 trading sessions itself, the stock has gained around 13 percent ranging from Rs 1,045.35 to the current price levels. The company, through a [...]
2 Mid cap stocks tank up to 7% despite robust results; Here’s why
As the results season is coming to an end, the Indian markets witnessed mixed reportings with some companies overperforming and some being unable to meet the market’s expectations. Listed below are 2 Mid-cap stocks that tanked up to 7 percent today due to the inability to meet the market’s expectations which created a bearish sentiment [...]
2 Small Cap stocks gain almost 19% and reach 52 week high after robust Q4 results
The results season is in full swing in India. A majority of the companies have either met expectations or have exceeded expectations, leading to a gain in their share price. Amber Enterprises India and Kaynes Technology India were listed only in 2022 and their share price increased by almost 19% on Wednesday to hit a [...]
Ashish Kacholia stock jumps up to 18% after company’s net profit increases 132% YoY
Shares of Megastar Foods Ltd gained 18.39% on Wednesday’s morning trades to touch a fresh 52-week high of ₹ 308.00 apiece after the company reported strong results. At 10:50 AM, its shares were trading at ₹ 279.90 apiece, up 7.59%. Megastar Foods is an Indian company engaged in the manufacturing of food-based products such as [...]
3 High Growth stocks that delivered a CAGR of up to 92% in net profits over a period of 5 yrs
Legendary fund manager Peter Lynch’s book ‘One Up on Wall Street’ is a bible for many stock market investors. He has classified stocks into six stock categories — slow growers, stalwarts, fast growers, cyclicals, turnarounds and asset plays. Fast Growers are the favourite category among most investors. These are small and aggressive companies that grow [...]
4 Factors contributing to the rally at Dalal Street
Domestic benchmark indices started the week on a buoyant note and ended at a five-month high on Monday, led by earnings and inflation data. In fact, they have been gaining since April 21, 2023. The 30-pack Sensex gained 2.97% and the 50-pack Nifty gained 2.94% during this period, leaving investors wondering about the gain in [...]
Suzlon bags 99-MW wind energy project from Vibrant Energy
Renewable energy solution provider Suzlon has bagged a 99-MW wind energy project from Vibrant Energy. "Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators featuring its new 3 MW (each) series with a Hybrid Lattice Tubular tower for a 99 MW wind power project which is expected to be commissioned [...]
PVR-INOX plans to shut down around 50 cinema screens over nxt 6 months
Leading cinema exhibitor PVR INOX plans to close around 50 loss-making screens, having an accelerated depreciation. "The company plans to shut down approximately 50 cinema screens over the next 6 months," said PVR INOX in its investor's update for the fourth quarter and financial year ending of March 31, 2023. These properties are loss-making, or [...]
Triveni Turbine Q4 Results: Consolidated net profit grows 68% YoY
Triveni Turbine Ltd (TTL) on Tuesday posted a 68.5 per cent jump in its consolidated net profit at Rs 55.6 crore during March 2023 quarter, boosted by higher revenues. It had clocked Rs 33.0 crore net profit during January-March quarter of preceding financial year 2021-22, TTL said in a statement. The company's revenues from operations [...]
TCS, Intellect in race for development of advanced version of public procurement portal GeM
IT major TCS and Intellect Design Arena are in the race for a contract for the development of an advanced version of public procurement portal GeM, sources said. The government invited tenders for new GeM (Government e-marketplace) portal development work in February-March this year and after scrutiny of the bids, TCS and Intellect Design Arena [...]
Bharti Airtel Q4 Results: Consolidated net profit soars 49.2% YoY
Telecom operator Bharti Airtel on Tuesday posted a 49.2 per cent jump in its consolidated net profit to Rs 3,005.6 crore for the fourth quarter ended March 31, 2023. The company had recorded a net profit of Rs 2,007.8 crore in the same period a year ago. Bharti Airtel's consolidated revenue from operations grew by [...]
IHCL inks 400-key Taj branded hotel at IGI Airport’s Terminal 3 in New Delhi
Indian Hotels Company Ltd (IHCL) on Tuesday announced the signing of a 400-key Taj branded hotel at Indira Gandhi International Airport's Terminal 3 in New Delhi in partnership with Chalet Airport Hotel. The 400-key hotel will be situated adjacent to the Indira Gandhi International Airport's Terminal 3, an integrated terminal used for both international and [...]
2 Blue chip stocks with high ROE of more than 50% to add to your watchlist
Blue-chip stocks are usually defined as stocks of typically large, financially sound, and well-established companies operating for many years and having dependable earnings. The market capitalization of the stocks is that of the large-cap stocks. Such kinds of stocks are also been observed to pay dividends to their investors. Listed below are 2 such Blue-chip [...]
3 Stocks that jumped to reach a new 52 week high; Do you hold any?
The Benchmark Indices closed in the red today with the Sensex losing 413 points equating to 0.66 percent currently standing at Rs 61,932.47 and the Nifty 50 losing 112 points which equates to 0.61 percent and stands at Rs 18,286.50. Listed below are 3 stocks that hit the 52-week high levels today: Housing And Urban [...]
6 Reasons as to why Sugar stocks might go up in the coming times; Check the details
Sugarcane is generally regarded as one of the most significant and efficient sources of biomass for bio‐fuel (ethanol) production. Sugarcane offers production alternatives to food, such as feed, fibre, and energy, particularly the co‐generation of electricity and ethanol. Strong linkages between world sugar and oil prices have emerged in recent years, driven in part by [...]
3 Oil stocks get a BUY call with an upside of up to 20%; Are you holding any?
Shares of Indian Oil Corporation, Oil and Natural Gas Corporation, and Bharat Petroleum Corporation, were trading in the green on Tuesday after the government slashed the windfall tax on petroleum crude from ₹ 4,100 per tonne to nil per tonne, effective from Tuesday. Global brokerage Nomura covered oil stocks and said that marketing margins have [...]
Global Emerging Markets Fund buys 2.7 Lakh shares in this stock; Do you own it?
Varun Beverages Limited (VBL) is a company based in India that operates as a franchisee of ‘PepsiCo’. It produces as well as distributes a wide range of carbonated soft drinks (CSDs). It is also engaged in the distribution of non-carbonated beverages (NCBs) including packaged drinking water under trademarks owned by PepsiCo. The company has a [...]
Railway stock jumps more than 4% after company announces to raise ₹ 125 Cr
Shares of Jupiter Wagons Ltd(JWL) were trading at ₹ 120.20 gaining 3.95% on Tuesday’s trading session from the previous close price of ₹ 115.50. One of the notable reasons for the stock price movement is the company's announcement of raising ₹ 125 crores from Qualified Institutional Placement (QIP) including Tata Mutual Fund, Ananta Capital, and [...]
Mid cap stock jumps up to 9% after robust growth of 43% YoY in net profit
Shares of Astral Ltd notched 9% gains on Monday’s early trades to reach an intraday high of ₹ 1739.65 apiece on the National Stock Exchange (NSE) after the company reported strong results for the quarter and year ended March 31, 2023. Astral Ltd and its subsidiaries are engaged in the business of manufacturing and trading [...]
Small cap stock hits 20% upper circuit after company reports 80% increase in net profit
Shares of Vesuvius India Limited surged in the early trading hours today and soon after hit the 20 percent upper circuit at a price of Rs 2,268.80. The same price is marked as the stocks’ new 52-week high figure. In the last one-month period, the stock price has gained almost 33 percent ranging from Rs [...]
Multibagger stocks in which FIIs have increased their stake by up to 3.5%
Stock markets are primarily driven by institutional money. They invest huge amounts and dictate share price movements to a great extent. A strong analytical team backs Foreign Institutional Investors (FIIs) and they invest in the stocks of other countries after thorough research. Past data reveals that whenever FIIs invest in particular stocks, their share price [...]
Stocks to Watch: 2 Large cap stocks with CAGR of up to 46% in 5 years
The ‘compound annual growth rate’ (CAGR) is the rate of return that would be required for an investment to grow from its beginning amount to its ending amount, assuming the profits to be reinvested at the end of each period during the life span of the investment. In this article, we will list 2 Large-cap [...]
3 stocks that are trading near their all-time high; Analysts expect upside of up to 39%
The electrical industry has been an attraction for investors in search of multi-bagger profits. The Electrical sector has grown significantly in recent years as the world's need for power has increased. Companies in the industry include those involved in the generation, transmission, and distribution of energy, as well as those producing electrical equipment and machinery. [...]
Fundamentally strong stock to BUY now that can deliver returns of more than 25%
The ‘Fundamentally strong’ nature of a company is seen when it possesses some key points with regard to its operations, debt levels, etc. Such companies enjoy the luxury of strong financial numbers and ratios and have the ability to survive in a scenario of financial distress faced by their peers in the industry. Herein this [...]
Stocks to Watch: 3 Bank stocks that lowered their NPA by up to 80% in FY23
Banks with lower NPA ratios are perceived as more robust and reputable. They have a stronger loan portfolio and a lower chance of default, which is critical for financial stability. Such banks are typically more appealing to investors because they provide greater regularity and protection for their investments. However, a lower NPA percentage does not [...]
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