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Ashish Kacholia stock jumps after signing MoU with Haryana City Gas for green hydrogen plant
This Ace Investor Ashish Kacholia’s stock which is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields in focus after the company signed an MoU with Haryana City Gas for a 200MTPA Gree023.n Hydrogen Plant. Price Action With a market capitalization of Rs. 1,716.32 Crores, the [...]
EMS stock jumps 10% after analysts expects the company to turn profitable in Q3
The HVAC (Heating, Ventilation, and Air Conditioning) and RAC (Room Air Conditioning) sectors in India are experiencing robust growth, driven by rising temperatures, urbanization, and the increasing demand for comfortable living and working conditions. Key in these sectors include Voltas, Blue Star, Godrej Appliances, LG Electronics, and Daikin, all of which are leaders in providing [...]
Defence stock jumps 9% after signing MoU worth ₹12000 Cr with Govt. of Maharashtra
The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9 percent, upon signing MoU with the Government of Maharashtra for the development of an Optics Park in Navi Mumbai Price action With a market capitalization of 4,145.01 Crores on Thursday, the shares of Paras Defence and [...]
Bluechip stock in focus after Defence Ministry rejects ₹70,000 Cr submarine deal
This Bluechip's Shares of large-cap infrastructure companies declined after reports that the Defence Ministry found Submarines non-compliant for Rs. 70,000 crore as per sources. Share Price Movement In Thursday’s trading session, the share price of Larsen & Toubro touched a day’s low of Rs. 3,460.05 per share which was down by 1.61 percent. The stock [...]
5 Stocks in which SBI Group has increased their stake in Q3; Do you own any?
SBI Group is one of India's leading financial services conglomerates, which is headed by the State Bank of India. Among other financial services, it covers asset management, banking, and insurance. Renowned for its extensive network, SBI offers a variety of services to both consumers and businesses and is essential to India's economic development. Listed below [...]
FMCG stocks that are trading below their 3 Years average PE to add to your watchlist
Indian FMCG stocks are currently trading at attractive valuations when compared to their 3-year historical P/E ratios. This suggests that these stocks may be undervalued relative to their long-term performance. The shift in market conditions which is driven by factors such as changing consumer demand, supply chain dynamics, disruptive business, and economic trends creates opportunities [...]
JSW Group to Invest ₹3 Lakh Crore in Maharashtra; Check the list of stocks
Maharashtra Chief Minister Devendra Fadnavis and other government officials signed 31 Memorandums of Understanding (MoUs) worth a total of Rs. 6.25 Lakh Crore at the World Economic Forum in Davos. JSW Group will contribute a significant portion of this by investing Rs. 3 lakh crore towards the green transformation of Maharashtra, across its businesses in [...]
Defence stocks in focus after signing MoU worth ₹22,750 Cr with Maharashtra Govt
Recently Indian Companies have signed a Memorandum of Understanding (MoU) with the Maharashtra government total valued at Rs. 6.25 lakh crore which marks a significant step towards strengthening the state’s position in India’s defence sector. Maharashtra plays a crucial role in the country’s defence industry contributing around 30 percent to India’s output in weapons and [...]
5 Stocks with Piotroski score of 9 trading at discount of upto 37% to add to your watchlist
The Piotroski Score is a financial metric used to assess a company's financial health by assigning a score based on nine criteria. Developed by Professor Joseph Piotroski, this score helps investors evaluate whether a company's financial situation is improving or declining. The criteria include factors such as profitability (positive net income and return on assets), [...]
Maharashtra Govt signs ₹6,25,457 Cr MoUs to boost manufacturing in solar, infra and other sectors
The Maharashtra government has achieved a significant milestone by securing a record 31 Memoranda of Understanding (MoUs) with investment proposals totaling Rs 6,25,457 crore. These investments span various sectors, including steel, metals, renewable energy, infrastructure, cement, lithium-ion batteries, and solar modules. The MoUs were signed on the sidelines of the World Economic Forum summit at [...]
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NEWSALERT
Govt approves sale of Neelachal Ispat Nigam Ltd to Tata Steel Long Products Ltd for Rs 12,100 crore. PTI JD MKJ
NEWSALERT
Crop diversification towards oilseeds, pulses and horticulture needs to be given priority: Economic Survey. PTI DP ANZ MKJ
NEWSALERT
Survey calls for improving productivity of small, marginal farmers through small holding farm technologies. PTI DP ANZ MKJ
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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 jumps 10% after receiving orders worth Rs 224 Cr from Raymond’s real estate
Shares of Capacite Infraprojects Ltd opened higher on Monday and hit an intraday high of ₹144.80 logging over a 12 percent rise. At the end of the session, the stock closed at Rs 138.25 which is about 7.4 percent higher than the previous closing levels of Rs 129.45. In the last year, the stock has [...]
Defence stock jumps up to 8% after company reports net profit increase of 510%
Shares of Zen Technologies Ltd hit an intraday high of ₹324.70 logging over a 13 percent rise on Monday. The stock ended the session at Rs 308.20 levels which is about 8 percent higher than the previous closing level of Rs 285.50. In the past 6 month period, the stock has jumped around 51.39 percent [...]
Stock jumps 5% after revenue of company increases 52% YoY; Analysts see up to 59% upside
Shares of One97 Communications (Paytm) were upbeat on Monday, after brokerages projected up to 59% upside in its share price, following an update about its March quarter earnings and business updates for April. Continuing their gaining streak to the 6th session, the company’s shares shot up 5.41% on Monday to reach an intraday high of [...]
Dolly Khanna stock dips nearly 3% after posting weak YoY results; Net profits down 50%
Shares of Nitin Spinners Limited were down around 3 percent today and currently trades at Rs 243. Ace Investor Ms. Dolly Khanna has invested in the stock and holds 747,793 shares totaling a holding value of approximately Rs 18.2 crores. The company, recently, announced results for the last quarter as well as for FY22-23 and [...]
Exide Q4 Results: Consolidated net profit at Rs 181 cr; revenue at Rs 3,677 cr
Battery maker Exide Industries on Monday posted a consolidated net profit of Rs 181 crore for the fourth quarter ended March 31, 2023. The company had logged a net profit of Rs 3,953 crore in the year-ago period, boosted by one-time income on account of sale of its subsidiary Exide Life Insurance Company Ltd. Revenue [...]
CG Power and Industrial Solutions Q4 Results: PAT grows to Rs 428 cr
CG Power and Industrial Solutions on Monday said its consolidated profit after tax (PAT) rose multi-fold to Rs 428.22 crore in March quarter 2022-23 on account of increased income. It had reported a PAT of Rs 111.65 crore for the year-ago quarter, the company said in a BSE filing. Total income surged to Rs 1,917.05 [...]
Multibagger EV stock jumps up to 10% after reporting net profit growth of 91% YoY
Stocks of Olectra Greentech Limited started its trading session at Rs 688 and currently trades at Rs 675. The scrip, during the early trading hours, witnessed an intra-day high figure of Rs 711.90 representing a gain of approximately 10 percent as compared to the previous closing price of Rs 644.90. Such stock movements have been [...]
Small cap stock hits 20% lower circuit after Aditya Birla Fashion announces merger
Shares of ethnic wear manufacturer TCNS Clothing crashed 20% on Monday and witnessed its biggest single-day drop since its IPO in 2018. Its share price reached an intraday low of ₹ 416.75 apiece on the Bombay Stock Exchange (BSE), after announcing its merger with Aditya Birla Fashion and Retail Limited (ABFRL). TCNS Clothing is the [...]
3 Large Cap stocks in which FIIs have increased their stake by up to 6.4%
Investors emphasize foreign institutional investments (FIIs) before investing in the stock marketbecause they have a tendency to pull the market in any direction. The FII data has been crucial inpredicting market sentiments over the years as any increase by them tends to show a positivesentiment about the stock. Having said that, here are three stocks [...]
Ashish Kacholia stock falls nearly 9% after company reports 26% decline in Quarterly profits
Shares of D-Link (India) Limited tanked nearly 9 percent today and currently trade at Rs 251. Ace Investor Mr. Ashish Kacholia has invested in the stock and currently holds 7,50,000 shares with a holding value of about Rs 18.8 crores. The company recently announced results for Q4 as well as for FY22-23. Details of the [...]
Godrej Properties aims to sell record Rs 14,000 cr worth of properties in FY24: Pirojsha Godrej
Godrej Properties expects 14 per cent growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand, a top company official said. In an interview with PTI, Godrej Executive Chairman Pirojsha Godrej highlighted that the company's performance in 2022-23 was very strong on all important metrics like sale bookings, cash collections from [...]
CEAT’s international biz, replacement market to see better times ahead: Vice Chairman Anant Goenka
Tyre maker CEAT expects recovery in its international business and replacement market, which are more profitable segments, going forward, according to company Vice Chairman Anant Goenka. With raw material prices remaining stable, the company is expecting "double digit plus margins" going forward. "The international business or export segment has faced a little bit of headwinds [...]
TPG-backed RR Kabel files IPO papers with Sebi
TPG Capital-backed wires and cables manufacturer RR Kabel Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an offer for sale (OFS) of over 1.72 crore equity shares by [...]
K P Energy commissions 29 MW wind energy project in Gujarat
K P Energy Ltd on Monday announced the commissioning of a 29.4 mega watt (MW) wind energy project in Gujarat. The capacity is a part of the 250.8 MW ISTS connected wind power project capacity awarded by Solar Energy Corporation of India Limited (SECI) under Tranche-VIII bidding, the company said in a regulatory filing. "In [...]
AC sales dip 15% in April as temperature falls; expected to recover in May
Unseasonal rains in north India during April-end and May beginning have put brakes on sales of cooling products such as air conditioners, refrigerators and coolers, according to industry players. Customers have delayed the purchase of air conditioners in April and May, which are considered to be the peak season for the industry. In April, some [...]
Finance minister Sitharaman to review state of economy at FSDC meeting on Monday
Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on Monday. The 27th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, sources said. [...]
Coal India Q4 Results: Consolidated net profit drops 18% YoY on wage bill;
Coal India Ltd, the world's largest coal miner, on Sunday reported 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. Consolidated net profit of Rs 5,527.62 crore, or Rs 8.98 per share, in January-March is compared with Rs 6,715 crore, or Rs 10.86 a share [...]
Equitas Small Finance Bank Q4 Results: Net profit increases to Rs 190.03 cr
Equitas Small Finance Bank has reported a net profit for the quarter ended March 31, 2023, at Rs 190.03 crore, the bank said on Sunday. The bank had registered net profit at Rs 119.50 crore during the corresponding quarter of the previous year. For the year ending March 31, 2023, the net profit stood at [...]
PTC India inks pact for 115 MW power supply from VS Lignite Power
Power trading solution provider PTC India has inked a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply. PTC India executed a long-term power purchase agreement (PPA) for 115 MW with VS Lignite Power Pvt. Ltd, a company statement said. VS Lignite operates a 135-MW lignite-fired power plant in Bikaner [...]
Markets rebound in early trade amid foreign fund inflows, rally in US equities
Equity benchmark indices began the trade on a firm note on Monday amid continuous foreign fund inflows and rally in the US equities. Buying in index majors Reliance Industries and HDFC twins also supported the rally in the markets. The 30-share BSE Sensex rallied 391.8 points to 61,446.09 in early trade. The NSE Nifty climbed [...]
Top Stock Picks: 6 Stocks to BUY now for an upside of up to 56%
Benchmark indices were in the red today with Sensex losing around 695 points and closed at Rs 61,054.29 and Nifty losing about 187 points and closing at Rs 18,069. Listed below are 6 stocks that are recommended by Brokerages for an upside of up to 56 percent: PI Industries Limited PI Industries Limited manufactures, distributes, [...]
Stocks to Watch: 4 Stocks that will be trading ex-dividend next week
A ‘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 [...]
Weekly Recap: ED freezes Manappuram Finance assets, Go First Bankruptcy, Q4 results and more
Domestic equity benchmarks BSE Sensex and NSE Nifty 50 opened higher on the first trading day of the truncated week. The Sensex opened 189 points or 0.31% higher at 61,301.61 points and the Nifty opened 92.80 points or 0.51% higher at 18,124.80 points. Amid a sell-off on HDFC Twins on Friday, the Indian indices closed [...]
Marico Q4 Results: Consolidated net profit rises 18.7% YoY
Homegrown FMCG major Marico Ltd on Friday reported an increase of 18.68 per cent in its consolidated net profit to Rs 305 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 257 crore in the January-March quarter a year ago, Marico said in a regulatory filing. Its [...]
SJVN bags 100 MW solar power project in Rajasthan
State-owned SJVN Ltd has bagged 100 MW solar power project worth Rs 600 crore from Rajasthan Urja Vikas Nigam Ltd. SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN, participated in an open competitive tariff bidding process followed by e-Reverse Auction (e-RA) organised by Rajasthan Urja Vikas Nigam Ltd (RUVNL). Nand Lal Sharma, Chairman [...]
Fundamentally strong stock declares 80% jump in net profit; Are you holding it?
A company is said to be ‘fundamentally strong’ when it runs its operations on lower debt levels and possesses the ability to survive stressful scenarios in the industry and the economy as a whole. Listed below is one of such fundamentally strong companies engaged in the Automobile sector: TVS Motor Company Limited TVS Motor Company [...]
Symphony Q4 Results: Consolidated net profit falls 75% YoY
Air cooler and appliances maker Symphony Ltd on Friday reported a decline of 75 per cent in its consolidated net profit at Rs 16 crore for the March quarter. The company had posted a net profit of Rs 64 crore in the January-March quarter a year ago, Symphony said in a BSE filing. Its revenue [...]
Nexus Select Trust acquires 17 malls since 2016; to continue inorganic growth post IPO
Blackstone-sponsored Nexus Select Trust, which will soon launch Rs 3,200 crore retail REIT public issue, has acquired 17 shopping malls in the last seven years and will further expand portfolio through inorganic route as it remain bullish about retail consumption. Nexus Select Trust will hit the capital market on May 9 to raise up to [...]
Federal Bank Q4 Results: Net profits jump up by 67% YoY
Private sector lender Federal Bank on Friday reported its highest-ever quarterly net profit of Rs 902.61 crore for the January-March quarter of FY2022-23, registering an annual growth of 67 per cent. The bank's net profit stood at Rs 540.54 crore in the January-March quarter of 2021-22. In a stock exchange filing, the lender also reported [...]
Sensex, Nifty fall over 1% on selling in HDFC twins
Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged down by a heavy sell-off in index major HDFC twins. The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17. [...]
Global gold demand in Jan-Mar quarter dips by 13% to 1,080.8 tonnes: WGC
Global gold demand declined by 13 per cent year-on-year to 1,080.8 tonnes during the January-March quarter of this year, mainly due to outflows from European-listed exchange traded fund (ETF) products, according to the World Gold Council (WGC). The total gold demand stood at 1,238.5 tonnes during the first quarter of 2022, WGC's Gold Demand Trends [...]
Bharat Forge Q4 Results: Consolidated net profit at Rs 127.74 cr
Auto components major Bharat Forge Ltd on Friday reported a consolidated net profit of Rs 127.74 crore for the fourth quarter ended March 31, 2023. The company had posted a consolidated net profit of Rs 231.86 crore in the same period of the previous fiscal, Bharat Forge said in a regulatory filing. Consolidated revenue from [...]
Multibagger stock with 242% returns announces 1:10 stock split and 1:4 bonus issue
Shares of Kenvi Jewels Limited opened its trading hour today at Rs 138 and are currently locked in the 5 percent upper circuit. Moreover, it touched the 52-week high mark at a price of Rs 138.75. In the last 5 trading sessions, the stock has gained more than 20 percent ranging from Rs 115.15 to [...]
Small cap paint stock sets record date for bonus issue of 1:1; Check the details here
With a market capitalization of ₹ 1,670 crores, Sirca Paints India is a small-cap company that manufactures, sells and exports wood coatings and other decorative paints under the brands Sirca, Unico and others. Its paints and textures include interior, exterior, wall primer, finishes/effects and wall putty. According to an exchange filing, the company has announced [...]
Will this Tata Group stock declare a dividend after 7 years? Check the details
Tata Motors, a Tata Group company, in an exchange filing, informed that it has scheduled a board meeting on Friday, May 12, 2023, to consider the proposal of declaration of a dividend on its ordinary shares and ‘A’ Ordinary shares for the financial year ended March 31, 2023. This matter will be discussed along with [...]
NBFC stock falls 13% after ED freezes assets worth over Rs 140 crores; Check the details
With a market capitalization of Rs 8,781 crores, Manappuram Finance Limited’s shares tanked around 13 percent today and currently trade at Rs 103.40. In the last 5 trading sessions, the stock has lost about 19 percent of the stakeholder’s wealth. Such stock movements are observed after a recent development took place pertaining to search operations [...]
Sunil Singhania multibagger stock hits 20% upper circuit after reporting 114% increase in net profit
Shares of AGI Greenpac Ltd., a containers and packaging company shot up 20% to reach an intraday high of ₹ 496.10 apiece. At 12:06 PM, its shares were trading at ₹ 492.00, up 19.00%. AGI Greenpac manufactures and markets various packaging products including glass containers and polyethylene terephthalate (PET) bottles, products and security caps and [...]
Why did HDFC and HDFC bank stocks fall more than 5% today? Check the reasons here
Shares of merger-bound HDFC Bank and Housing Development Finance Corporation Limited closed in the red after falling sharply on Friday. This happened after an update by the MSCI (Morgan Stanley Capital International) spooked investors. HDFC Bank’s shares dropped 5.84 per cent to close at ₹ 1626.95 apiece, while Housing Development Finance Corporation’s shares slumped 5.56 [...]
Blue Chip stock to BUY now for an upside of 15% after company net profits increase by 40%
Shares of Titan Company Ltd were in the green after the company reported robust results for the fourth quarter of FY23 and for the entire year. Its shares were quoting at ₹ 2729.95 apiece, up 2.31% at 11:35 AM on the National Stock Exchange (NSE). Titan, a Tata group company is one of the most [...]
Mutibagger stock with more than 160% returns in 6 months to add on your watchlist
A company is said to be ‘fundamentally strong’ when it conducts operations with lower debt levels and has sufficient retained profits to keep the business flowing. Moreover, such companies have the ability to survive during the financial stress faced by their peers in the industry. Listed below is one of such fundamentally strong companies with [...]
JK Bank Q4 Results: Records highest-ever net annual profit of Rs 1,197 crore
Jammu and Kashmir Bank has announced its highest-ever net annual profit of Rs 1,197 crore in the results for the financial year 2022-23. With a decade-high capital adequacy ratio of 15.39 per cent and NPAs at an eight-year low of 6.04 per cent, the bank also recorded its highest-ever quarterly profit of Rs 476 crore [...]
Markets fall in early trade amid weak trend in US equities
The domestic equity benchmark indices fell in early trade on Friday in-line with the weak trend in the US markets and the decline in index major HDFC twins. The 30-share BSE Sensex tanked 586.15 points to 61,163.10 in initial trade. The NSE Nifty declined 150.9 points to 18,104.90. Among the Sensex firms, HDFC Bank, HDFC, [...]
How will the market react to Apple’s Q2 result, dividend and buyback announcement?
Apple is expected to announce $90 billion in stock buybacks and dividends! The US companies follow the October-September period as their fiscal year. This means that their 1st quarter is October– December, the 2nd quarter falls between January – March, and so on. Apple's revenue for the Q2 of 2023 is anticipated to be $92.6 billion, [...]
Reliance demerger: Financial arm to become the 5th largest financial services firm in India
Billionaire Mukesh Ambani-led Reliance Industries has received a green light from its shareholders and creditors for the demerger of its financial services arm- Reliance Strategic Ventures. Nearly 100% of the votes cast were in favour of the resolution and the arm will be renamed as Jio Financial Services after the demerger. Reliance Industries had approved [...]
Stocks to Watch: 3 Multibagger stocks that gave returns of up to 610% in the past 3 months
Every investor, be it a long-term or a short-term investor, does a deep analysis of stocks in their circle of competence and keep hopes that it could generate a decent amount of returns. However, there are some companies that are noted to deliver more-than-expected returns, and that too within a short span of the investment [...]
Blue Star Q4 Results: Consolidated net profit 3-fold jump to Rs 225 cr
Air conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported nearly three-fold rise in consolidated net profit at Rs 225.29 crore in the fourth quarter ended March 31, 2023, aided by profit on sale of freehold land. The company had posted a consolidated net profit of Rs 76.27 crore in the same quarter [...]
Anil Ambani stock jumps up to 4.6% after company releases Q4 results; Check the details
Shares of Reliance Power Limited closed at Rs 12.25 which is about 3 percent higher than the previous closing levels of Rs 11.90. In the past month period, the stock has jumped around 13.5 percent ranging from Rs 10.80 to the current price levels. One of the probable reasons for the stock prices to surge [...]
HDFC Q4 Results: Standalone net profit jumps 20% YoY
Housing finance major HDFC on Thursday reported a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. The bank's profit in the January-March quarter of 2021-22 was Rs 3,700 crore. In a filing to stock exchanges, HDFC said there [...]
Large cap stock near 52 week high after company announces 106% increase in net profit
Shares of MRF Ltd, India’s most expensive stock gained ₹ 2,160.20 per share or 2.31% on Thursday to reach an intraday high of ₹ 95,760.00 apiece on the National Stock Exchange (NSE). Its share price was merely 0.25% shy of reaching its 52-week high of ₹ 96,000 per share that it reached on 07 November [...]
Dabur India Q4 Results: Net profit declines marginally to Rs 292.76 cr
Homegrown FMCG major Dabur India on Thursday reported a marginal decline in its consolidated net profit to Rs 292.76 crore for the fourth quarter ended March 2023. The company, which had posted a consolidated net profit of Rs 294.34 crore in the fourth quarter of 2021-22, has proposed a final dividend of Rs 2.70 per [...]
Adani Enterprise Q4 Results: Net profit doubles to Rs 722.5 cr
Adani Enterprise Ltd, the flagship company of billionaire Gautam Adani's ports-to-energy group, on Thursday reported more than doubling of net profit in the March quarter on the back of growth in airports and road businesses. Net profit in January-March at Rs 722.48 crore compared with Rs 304.32 crore in the same period last year, according [...]
Markets rebound; Sensex, Nifty climb nearly 1%
Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91. The [...]
E-Commerce stock gains 5% after announcing 1:1 Bonus issue; Check the record date here
Shares of IndiaMART InterMESH Ltd climbed 4.578% on Thursday's intraday trades to reach a high of ₹ 5997.00 on the National Stock Exchange (NSE). At 02:35 PM, its shares were trading 4.05% higher at ₹ 5967.60 apiece. IndiaMART is the first and largest B2B digital marketplace in India which connects buyers with suppliers. It is [...]
2 Stocks that announced robust Q4 results; Net Profits jumps more than 20%
The Benchmark Indices are in the green today with Sensex gaining 556 points and currently standing at Rs 61,749 and Nifty gaining 152 points and stands at Rs 18,241. Listed below are 2 stocks that announced their results for the last quarter as well as for FY22-23: Cholamandalam Investment and Finance Company Limited Cholamandalam Investment [...]
Vijay Kedia stock jumps 10% after receiving orders worth Rs 1,310 crores
Stocks of Patel Engineering Limited jumped around 10.5 percent and currently trade at Rs 23.45. The scrip, in the past one-month period, has gained around 56 percent ranging from Rs 15.05 to the current price levels. One of the probable reasons for the stock prices to go up is the recent Press Release filed by [...]
Adani Ports and Special Economic Zone sells Myanmar Port for USD 30 million
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has concluded the Myanmar Port sale for a total consideration of USD 30 million. In May 2022, APSEZ had announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion [...]
Indian Energy Exchange trade volume grows 6% to 7,928 mn units in Apr
Indian Energy Exchange (IEX) on Thursday said its total trade volume increased by 6 per cent on a yearly basis to 7,928 million units (MU) in April. In a statement, the power trading exchange said "it achieved 7,928 MU overall volume in April 2023, including green market trade of 280 MU, 1.99 lac RECs (equivalent [...]
Penny stock jumps 7% on production buzz in natural rubber industry; Check the details
Shares of Elgi Rubber Company Limited zoomed 7 percent today and currently trade at Rs 39.20. In the last 5 trading sessions, the stock has moved up around 4.5 percent from Rs 37.50 to the current levels. The surge in stock prices today is observed due to the production buzz in the ‘Natural Rubber’ industry [...]
Stock to Buy: Small cap IT stock to BUY now that can deliver returns of more than 50%
Tanla Platforms, a Hyderabad-based company, is a cloud communications provider that enables businesses to communicate with their customers and intended recipients. It is a global A2P(application to person) messaging platform provider and it was the first company to develop and deploy A2P SMSC in India. The company processes more than 800 billion interactions annually and [...]
Ashish Kacholia stock with more than 1400% returns declares a 40% increase in profits YoY
Gravita India's shares surged 11% to an all-time high of Rs 567.30 on Wednesday after the company reported strong quarterly results. On Thursday, the stock retained momentum and was trading at Rs 561.45 levels. Their net profit in the Q4 of FY23 stood at Rs 63.99 Crore, an increase of more than 40 percent YoY [...]
2 Insurance stocks spiked 9% higher after rating agency pegged growth at 13-15%
Two insurance stocks appreciated to the tune of 9% on Thursday’s early trades after a report by CareEdge (CARE Ratings) stated that the Indian non-life insurance market would grow by approximately 13-15 per cent over the medium term. Shares of General Insurance Corporation of India zoomed 9.31% to reach an intraday high of ₹ 169.00 [...]
Small cap chemical stock with 110% returns announces 42% increase in net profit
Shares of Anupam Rasayan India Limited opened its trading session at Rs 1,205 and currently trade at Rs 1,184. The scrip is down 2.3 percent as compared to the previous closing price of Rs 1,212.05. In the last 5 trading sessions, the stock has gained around 6 percent ranging from Rs 1,118 to the current [...]
Multibagger stock in green after company announces 1:3 bonus issue and 1:10 stock split
Shares of Hardwyn India were in focus, ever since the company announced an issue of bonus shares and a stock split. It recently announced the record date for these corporate actions. Hardwyn India manufactures architectural hardware and glass fittings for residential and commercial structures. Its shares were trading at ₹ 373.70 apiece at 12:11 PM [...]
Excessively’ high bids: Railways cancels tenders for redevelopment of New Delhi, Ahmedabad stations
The railways has cancelled the tenders for the redevelopment of the New Delhi and Ahmedabad railway stations after the bids submitted turned out to be "excessively" high compared to the cost estimated by the national transporter. Sources said a high-level meeting will be held on Thursday to review the tender documents for the two stations. [...]
Reliance Power Q4 Results: Posts Rs 322 crore net profit
Reliance Power on Wednesday reported a net profit of Rs 321.79 crore for the quarter ended March 2023. The consolidated net loss of the company was Rs 657.89 crore in the quarter ended on March 31, 2022, according to a BSE filing. Total income of the company stood Rs 1,856.32 crore in the latest March quarter as [...]
Central Bank of India says its has exposure of Rs 1,305 cr to Go First
State-run Central Bank of India on Wednesday said it has an outstanding exposure of Rs 1,305 crore to cash-strapped airline Go First as on March 31. The Wadia group-owned airline's plea for initiation of insolvency proceedings was mentioned before NCLT's Delhi bench-headed by president Justice Ramalingam Sudhakar and the bench agreed to an urgent hearing [...]
Kerala: ED raids Manappuram Finance premises on laundering charges
The Enforcement Directorate on Wednesday conducted searches at multiple premises linked to prominent Kerala-based non-banking financial company (NBFC) Manappuram Finance Ltd. as part of a money laundering investigation against it, official sources said. The raids are being undertaken to gather pieces of evidence related to allegations that the company collected public deposits worth more than [...]
Passenger vehicle retail sales dip 1% in April: FADA
Passenger vehicle retail sales in India declined by 1 per cent last month as buyers preponed purchases to March in order to avoid enhanced prices on account of stricter emission norms kicking in from April 1, automobile dealers' body FADA said on Thursday. The passenger vehicle retail sales declined to 2,82,674 units last month as [...]
Markets rebound; trade higher in early trade
Equity benchmark indices climbed in early trade on Thursday amid continuous foreign fund inflows and buying in index major Reliance Industries. The 30-share BSE Sensex climbed 77.64 points to 61,270.94 in early trade. The broader NSE Nifty advanced 27.7 points to 18,117.55. From the Sensex firms, Larsen & Toubro, Bajaj Finance, Titan, Tata Steel, Bajaj [...]
TVS Supply Chain Solutions again files draft papers for IPO; cuts fresh issue size to Rs 750 crore
TVS Supply Chain Solutions, part of TVS Mobility Group, has re-filed draft IPO papers with capital markets regulator Sebi and cut the fresh issuance size to Rs 750 crore from Rs 2,000 crore planned earlier. The company, which got approval from Sebi in May 2022 to float the initial public offering (IPO), did not launch [...]
2 Fundamentally strong chemical stocks with high FII holding of up to 39%; Do you own any?
According to a recent report by McKinsey, India is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades. Domestic demand is projected to rise to $1,000 billion by 2040. The sector is projected to grow at 11-12 percent during 2021-27 and 7-10 percent during 2027-40. [...]
Multibagger blue chip stock delivers 65% returns after retail investors sold majority stake to FIIs and FPIs
With a market capitalization of ₹ 5,27,507 crores, ITC is a blue-chip company that has diversified business interests. The conglomerate operates through four business segments — FMCG, Hotels, Paper and Packaging, cigarettes and agribusiness. The company’s shares have been on an uptrend and reached a new all-time high of ₹ 428.50 apiece on Wednesday. In [...]
Stock jumps 8% and touches 52 week high after competitor files for bankruptcy
Aviation stocks soared higher on Wednesday’s intraday trades after Wadia group-owned airline Go First, on May 02, 2023, voluntarily filed for bankruptcy with the National Company Law Tribunal (NCLT), blaming the situation on Pratt & Whitney for supplying faulty engines. The surprise move can prove to be beneficial for its rivals like Spice Jet and [...]
Godrej Properties Q4 Results: Consolidated net profit up 58% YoY
Godrej Properties on Wednesday reported 58 per cent increase in consolidated net profit at Rs 412.14 crore for the quarter ended March 2023 on higher revenue driven by strong housing demand. Its net profit stood at Rs 260.47 crore in the year-ago period. Total income rose to Rs 1,838.82 crore in the fourth quarter of [...]
Stock in green after company reports net profit increase of 51% YoY; Check the details
Shares of FINO Payments Bank Limited, a Private sector player, witnessed its shares jumping nearly 2 percent and currently trade at Rs 221.65. In the past month, the stock has delivered returns of around 6.5 percent to its stakeholders ranging from Rs 208 to the current levels. The company recently announced its results for FY22-23 [...]
Air India, Vistara sign interline pact
Tata group owned Air India on Wednesday announced entering into an interline pact with Vistara. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. When selling an interline ticket, the operating airlines own flight numbers are used. The partnership allows Air India's passengers [...]
Adani Wilmar Q4 Results: Consolidated net profit down 60% YoY
Edible oil major Adani Wilmar on Wednesday reported 60 per cent decline in consolidated net profit at Rs 93.61 crore for the quarter ended March 2023 on lower revenue. Its net profit stood at Rs 234.29 crore in the year-ago period. Total income fell to Rs 13,945.02 crore in January-March 2022-23 from Rs 14,979.83 crore [...]
Mid cap Bank stock falls more than 5% despite robust PAT numbers; Check the details to know why
Stocks of the Public sector lender UCO Bank opened its trading session at Rs 30.25 and currently trade at Rs 29.15. The scrip is down 5.2 percent as compared to the previous closing price of Rs 30.75. The company recently announced its results for the financial year 2022-2023, details of which are discussed later on [...]
Tata Group stock gets a BUY call after net profit increases by more than 340% YoY
Shares of Indian Hotels Company Ltd (IHCL) appreciated to the tune of 4.48% on Wednesday’s early deals to reach an intraday high of ₹ 363.00 apiece on the National Stock Exchange (NSE) after reporting robust results. The company’s total income grew by 73.27% to ₹ 1,654.54 in the January to March quarter (Q4FY23), against ₹ [...]
Petrochemical stock zooms 13% ahead of consideration of Bonus issue; Check the details
Shares of Bhansali Engineering Polymers Limited, an Integrated Petrochemical Company based in India, rallied nearly 13 percent and currently trade at Rs 115. The company has a market capitalization of Rs 1,908 crores. One of the probable reasons for the stock prices to surge is the recent regulatory filing that the company filed with the [...]
Stocks to Watch: 3 Debt free Penny stocks to add to your watchlist
One of the most important parameters to judge the performance of the company is to watch how the debt scenario of the company is and how leverage is managed by the same. Keeping the advantages of debt financing aside, it is important to note how it affects the operational numbers over the years. Moving further, [...]
Fincare Small Finance Bank refiles IPO papers with financial earnings update for FY23
Fincare Small Finance Bank Ltd has refiled its preliminary IPO papers with market regulator Sebi after updating documents on financial earnings for fiscal 2022-23. This came after the Securities and Exchange Board of India (Sebi) returned the small finance draft IPO (Initial Public Offering) papers on March 3 and asked the company to refile the [...]
Airtel Payments Bank partners NPCI to roll out face authentication for AePS
Airtel Payments Bank on Tuesday said it has collaborated with the National Payments Corporation of India (NPCI) to roll out face authentication for the Aadhaar-enabled Payment System at its 5 lakh banking points. Airtel Payments Bank is among the first four banks to offer face authentication for AePS (Aadhaar-enabled Payment System). "We are delighted to [...]
Markets decline in early trade after 8-day rally; all eyes on US Fed interest rate decision
Benchmark indices fell in early trade on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve's interest rate decision and weak global market trends. Also, fall in index majors Reliance Industries, ICICI Bank, Infosys and HDFC added to the weak trend in equities. The 30-share BSE Sensex declined 330.27 points to [...]
NMDC iron ore output rises 11.42% to 3.51 MT in Apr
State-owned NMDC Ltd on Tuesday reported an 11.42 per cent rise in its iron ore production of 3.51 million tonne (MT) in April 2023. It produced 3.15 MT of iron ore in the same month last year, NMDC said in a BSE filing. Last month, the company's sales rose by around 10 per cent to [...]
Go First says ‘serial failure’ of P&W engines forced airline to approach NCLT
Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to "serial failure" of Pratt & Whitney engines resulting in grounding of 50 per cent of the fleet and is no longer in a position to continue to meet its financial obligations. The latest move by the Wadia group-owned [...]
NTPC coal output from captive mines rises over two fold to 2.75 MMT in Apr
State-owned NTPC Ltd on Tuesday reported an over two-fold jump in production of coal from its captive mines at 2.75 million metric tonnes in April 2023. "NTPC recorded 2.75 million metric tonnes (MMT) of coal production during the month of April 2023 as compared to 1.11 MMT recorded for the month of April 2022," a [...]
Multibagger telecom stock receives purchase orders worth Rs 65.72 Cr from Reliance Retail
Shares of HFCL Limited, an Indian Telecom company, closed today at a price of Rs 64.20. The scrip dipped around 1 percent as compared to the previous closing price of Rs 64.80. In the past one month, the stock has gained around 5 percent ranging from Rs 61.30 to the current price levels. Keeping a [...]
Sensex, Nifty finish higher on foreign fund inflows; record GST collection in April; log 8th day of rally
Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, firm trend in Asian gauges and record GST collection in April added to the optimism. Rallying for the eighth straight day, the 30-share BSE Sensex climbed 242.27 points or 0.40 per cent to [...]
Textile stock gains up to 5.4% after two ace investors increase a stake in it; Check the details
Shares of Siyaram Silk Mills gained 5.41 percent during Tuesday’s intraday trade to reach a high of ₹ 516.05 apiece on the National Stock Exchange (NSE) after two ace investors, Vijay Kedia and Sunil Singhania increased their stake in it. According to the latest shareholding pattern of the company, ace investor Vijay Kedia has increased [...]
UCO Bank Q4 Results: Net profit rises 86% YoY
Public sector UCO Bank on Tuesday reported an 86.2 per cent rise in net profit to Rs 581.24 crore for the March 2023 quarter on the back of a reduction in bad loans. The bank reported a profit of Rs 312.18 crore in the January-March quarter of 2021-22. UCO Bank has posted its highest-ever annual [...]
Ashish Kacholia Portfolio: Multibagger stock to BUY now that has huge upside potential
With a market capitalization of ₹ 5,792 crores, Safari Industries (India) is a small-cap company that manufactures and markets luggage and luggage accessories. It is a wholly-owned subsidiary of Safari Lifestyles Ltd and offers brands like Safari, MAGNUM, GENiUS and Genie. According to the shareholding pattern of the company, ace investor Ashish Kacholia holds a [...]
Stock jumps 16% to touch 52 week high after board approves share buyback worth 195 Cr
Stocks of Welspun India Limited spiked nearly 16 percent today and currently trade at Rs 101.40. It touched the 52-week high mark at a price of Rs 105. The stock, in the past month, has delivered around 50 percent returns to its stakeholders ranging from Rs 67.40 to the current levels. One of the probable [...]
Coal India output rises 7.7% in April
CIL, the world's largest coal miner, on Tuesday said coal production rose 7.7 per cent in April and supplies to users shot up just as summer began. In a statement, Coal India Ltd (CIL) said it logged an impressive 31 per cent growth in overburden removal (OBR) in April compared to the same month a [...]
3 Blue Chip stocks jump up to 2% to hit new multi year highs; Are you holding any?
Continuing their gaining streak, domestic market barometers were in the green on Tuesday’s early trades, supported by healthy Q4 earnings and FIIs turning positive. At 12:55 PM, the Sensex was quoting 315.45 points or 0.52% higher at ₹ 61427.89 points, while the Nifty 50 was quoting 96.90 points or 0.54% higher at 18161.90 points. Amid [...]
Bajaj Auto Apr total sales rise 7% to 3,31,278 units
Bajaj Auto Ltd on Tuesday reported a 7 per cent increase in total sales at 3,31,278 units in April 2023, as compared to the same month last year. The company had posted a total sales of 3,10,774 units in April 2022, Bajaj Auto said in a regulatory filing. The total two-wheeler sales rose 2 per [...]
3 Stocks that have reported net profit growth of up to 1,780% YoY; Do you hold any?
The benchmark indices are in the green today with Sensex gaining 300 points and currently standing at Rs 61,414 and Nifty, in congruence with the former, has gained 97 points and stands at Rs 18,162. Its results season for Indian companies and, in this article, we will analyze the results of 3 companies that were [...]
Mahindra sales up 36% to 62,294 units in Apr
Mahindra & Mahindra on Tuesday said its total sales increased by 36 per cent to 62,294 units in April. The company's total dispatches to dealers stood at 45,640 units in April 2022. The company's passenger vehicle wholesales in the domestic market rose by 54 per cent to 34,698 units last month against 22,526 in April [...]
US court acquits Cyient’s executive in poaching case
Cyient, an Engineering and Technology solutions company, on Tuesday announced that a case brought by the US Department of Justice against an executive of the company on grounds of violation of Sherman Act for alleged 'No-Poach' agreement, has been dismissed mid-trial by a federal court. A press release from the company said the case was [...]
NBFC stock hits 20% upper circuit after reporting a 59% jump in PAT; Check the details
Shares of Satin Creditcare Network Ltd opened 20% higher at ₹ 173.30 apiece on Tuesday’s early trades after the company reported robust results for the January to March quarter of the financial year 2022-23 (FY23). At 11:50 AM, its shares were trading 11.66% higher at ₹ 161.30 apiece on the National Stock Exchange (NSE). Satin [...]
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