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Bluechip stock in focus after acquiring SIL Food India to expand its business in FMCG sector
The FMCG (Fast-Moving Consumer Goods) sector in India is poised for significant growth, driven by rising disposable incomes, increasing urbanization, and a growing middle class. The sector benefits from a strong demand for essential products such as food, beverages, personal care, and household items. The rise in e-commerce and digital platforms has further boosted FMCG [...]
Bank stock jumps 17% after announcing Q3 results
The shares of a banking stock, which specializes in providing financial services to underserved segments, jumped by up to 17 percent following the declaration of Q3 results and the announcement of plans to have a universal banking license. Price action With a market capitalization of Rs. 3,838.28 crores on Wednesday, the shares of Jana Small [...]
Jio finance to compete with Angel one, Zerodha and other brokers as it enters broking industry
The Indian brokerage industry has seen significant growth, especially post-COVID, as more retail investors flock to stock markets amidst a surge in digital adoption. The pandemic accelerated the shift towards online trading platforms, with investors seeking easy access to markets and investment opportunities. This has led to a flourishing of discount brokers offering low-cost trading, [...]
EV stock jumps 4% after reporting 617% YoY increase in net profits
This EV Charger stock which deals in the business of development, production, and sale of solar products, EV chargers was up by 4 percent after announcing a net profit jump of 617 percent year on year. Price Movement In Wednesday’s trading session, Servotech Renewable Power Systems Ltd's share price touched a day’s high of Rs. [...]
Power stock in focus after receiving order worth ₹25,000 Cr for transmission system
The shares of one of the energy companies specializing in power transmission, distribution, and smart metering solutions in focus, upon securing significant project worth ~Rs.25,000 crores for the Bhadla-Fatehpur HVDC transmission system Price action With a market capitalization of 97,706 Crores on Wednesday, the shares of Adani Energy Solutions Ltd, trading at Rs. 791 down [...]
Ambani stock in focus after incorporating 2 subsidiaries to expand into renewable energy sector
Ambani Group Infrastructure Company, a major player in India's infrastructure and power sectors, is expanding into renewable energy and electric vehicles by establishing new subsidiaries. This move highlights the company’s focus on innovation and sustainability in response to evolving industry trends. Share Price Movement of Reliance Infrastructure The shares of Reliance Infrastructure Ltd, around 12:30 [...]
Why did IndiaMart shares fall 9% despite a 48% increase in profit?
The B2B segment in India is witnessing significant growth, driven by the increasing digitalization of industries and the shift towards e-commerce. With businesses increasingly seeking efficient and scalable solutions, B2B platforms are playing a key role in facilitating trade and services between enterprises. This sector offers immense growth potential, particularly in manufacturing, logistics, and technology, [...]
Vijay Kedia stock jumps 5% after company to invest ₹342 Cr to expand its businesses
The shares of one of the leading pharmaceutical companies, specialising in the production of active pharmaceutical ingredients (APIs) and intermediates, jumped up to 5 percent following the approval of two capital expenditure projects worth Rs. 342 crores. Price action With a market capitalization of 16,930 Crores on Wednesday, the shares of Neuland Laboratories Ltd, trading at [...]
Semiconductor stock falls 12% after reporting 40% YoY decrease in net profits
The Electronics Manufacturing Services (EMS) sector plays a vital role in India’s manufacturing ecosystem, supporting industries like electronics, automotive, telecommunications, and consumer goods. As the demand for electronics continues to grow, driven by trends like 5G, AI, IoT, and renewable energy, EMS companies are becoming increasingly important for product assembly, testing, and distribution. India’s focus [...]
Pharma stock falls 6% after income tax department raided the company
This Pharma stock is engaged in pharmaceutical contract development and manufacturing organization and offers a range of pharmaceutical products and services is down 6 percent after the Income Tax Raid on the company and its subsidiaries. Price Action With a market capitalization of Rs. 9,334.25 Crores, the shares of Akums Drugs and Pharmaceuticals Limited down [...]
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Climate finance will remain critical to successful climate action for India to achieve its net zero carbon emission target by 2070: Survey. PTI DP ANZ MKJ
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India transformed from being among 'Fragile Five' nations to 4th largest forex reserve, giving policy room for manoeuvring: Survey. PTI DP ANZ MKJ
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Govt finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21: Survey. 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 plunges 18% after income tax department conducts search operation
Shares of Gallantt Ispat Limited plunged more than 18 percent today and currently trade at Rs 50.60. It is a small-cap company with a market capitalization of Rs 1,811 crores. The prime factor contributing to such a drop in the stock prices is the Income Tax search operation conducted at the plant office and factory [...]
India’s exports to UAE likely to grow by 60% to USD 50 bn by 2026-27
India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and [...]
Adani Green Energy Q4 Results: Consolidated net profit up 4-fold YoY
Adani Green Energy on Monday posted a four-fold rise in its consolidated net profit to Rs 507 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated net profit of the company was Rs 121 crore in the quarter ended on March 31, 2022, a BSE [...]
Sensex, Nifty climb on foreign fund inflows; record GST collection in April
Equity benchmarks climbed in early trade on Tuesday amid continuous foreign fund inflows and record GST collection in April. Also, a largely firm trend in Asian gauges and buying in index major Reliance Industries and IT counters added to the optimism. The 30-share BSE Sensex climbed 276.61 points to 61,389.05 in early trade. The broader [...]
Stocks to Watch: 4 Stocks that will trade Ex-Dividend next week; Are you holding any?
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 [...]
3 Multibagger debt free stocks with returns of up to 150% to add to your watchlist
Companies generally manage their capital requirements with the help of equity or through internally generated cash. However, they may also use debt for the same. While debt provides financial leverage to companies, too much of it can invite trouble. Many companies that are debt-free send a signal to investors that they are able to manage [...]
Top Stock Picks: 6 stocks to BUY now for an upside of up to 45%
Dalal Street investors cheered as the markets closed up in green this week. The 30-stock basket Sensex rallied 1,457 points or 2.44% during the 5 trading sessions to close at 61,112 points. Similarly, the benchmark NIFTY50 index went up by 2.50% or 441 points recording gains to close at 18,065 points. The markets shall be [...]
₹ 10,000 to ₹ 3.67 lakhs: Multibagger stock increases investors’ money by 3,572%
With a market capitalization of ₹ 5,339 crores, Olectra Greentech is a small-cap company That manufactures composite polymer insulators and electrical buses. It recently entered into a technical partnership with Reliance Industries and developed a hydrogen bus. Moreover, the company’s e-tipper received India’s first homologation certificate from automobile regulatory agencies making it roadworthy. When investors [...]
Fundamentally strong auto to BUY now for an upside of 36%; Are you holding it?
Headquartered in Mumbai, Maharashtra, Mahindra & Mahindra Limited (M&M), the flagship company of the Mahindra Group, is a diversified business company having a presence in major industries such as automotive, agri-business, information technology, financial services, etc. The company has manufacturing facilities within the country and international operations in countries including the US, France, Japan, China, [...]
Weekly Recap: S&P Global on Reliance, Tesla inks pact with Indian Oil, Infosys and Aramco deal & more
Headline indices BSE Sensex and NSE Nifty 50 registered gains during the week. The Sensex started at 59679.66 points and gained 2.40% during the week to close at 61112.44 points. Similarly, the Nifty 50 started the week at 17657.45 points and gained 2.31% during the week to settle at 18,065.00 points on Friday. Top Gainers [...]
Mid cap stock sets record date for its interim dividend of 4500% per share; Here are the details
With a market capitalization of ₹ 30,248 crores, Oracle Financial Services Software Ltd is a mid-cap company that provides information technology solutions and business processing services to the financial services industry. Its segments include product licences and related activities, IT solutions and consulting services and Business Process Outsourcing Services (BPO-Services). The Mumbai-based company recently declared [...]
2 Multibagger Tata stocks jump after reporting an increase in net sales by more than 60% in Q4
Benchmark indices were in the green today with Sensex gaining 463 points and standing at Rs 61,112.44 and Nifty gaining 150 points and currently standing at Rs 18,065. Listed below are 2 Multibagger Tata Group stocks that announced their results in the past week: Tejas Networks Limited Tejas Networks Limited is an optical and data [...]
Mahindra Group stock jumps up to 5.5% after recommending a dividend of ₹ 92 per share
Mahindra group company Swaraj Engines’s shares jumped 5.47% higher to reach an intraday high of ₹ 1,755.00 apiece on Friday, after it reported a 50.50% growth in its profit for the fourth quarter ended March 31, 2023 (Q4FY23) and recommended a dividend of ₹ 92 per share. At 02:11 PM, the company’s shares were trading [...]
IT stock in green after board proposes buyback worth ₹ 12,000 Cr at 15% premium
In a filing with stock exchanges on Thursday, IT major Wipro communicated that its board has approved a buyback proposal for equity shares of the company. The large buyback totalling up to a value of Rs 12,000 crore comes after a long pause of two years. The investors cheered the decision taking the stock up [...]
Mid cap Telecom stock jumps nearly 7% after posting ₹ 1400 Cr profit in Q4
Stocks of Indus Towers Limited rallied nearly 7 percent and currently trade at Rs 155. In the last 5 trading sessions itself, the company has been able to generate returns of around 11 percent for its stakeholders ranging from Rs 139 to the current price levels. The company, this week, announced results for the latest [...]
Mid cap stock jumps 9.5% after multiple share purchase agreements; Check the details
Shares of PI Industries Limited surged around 9.5 percent today and currently trade at Rs 3,358. The scrip, in the last one month period, has delivered returns of approximately 16 percent ranging from Rs 2,904 to the current price levels. One of the probable reasons for the stock prices to jump is pertaining to the [...]
Trent shares tank up to 5.5% on weak Q4 results, Should you buy?
The shares of Trent Ltd., a Tata Group stock fell as much as 5.5% during the first half of the trading session on Friday touching their low of Rs 1,306.20 apiece. The decline in share price comes on the back of weak results announced by the retail giant for the quarter ending March 2023. Owned [...]
3 Small cap stocks in which FIIs increased their stake by more than 10% in March Qtr
A Foreign Institutional Investor (FII) is an investor or investment fund that is registered in a country other than the one it is investing in. Developing economies, in general, have been observed to have the highest volume of FII activities. One such emerging and developing market like India has observed huge sums of inflow by [...]
IHCL Q4 results: Consolidated net profit rises four-fold YoY
Hospitality major IHCL on Thursday reported a four-fold rise in its consolidated net profit in the fourth quarter ended March at Rs 338.84 crore, as against Rs 71.57 crore a year-ago. During the entire financial year of 2022-23, the company swung into a profit of Rs 1,052.83 crore, from a loss of Rs 264.97 crore [...]
IBN signs agreement with Dabur Nepal to allow it to inject additional investment of Rs 9.68 billion
The Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with Dabur Nepal, a subsidiary of Dabur India, paving the way for the Indian multinational company to inject Rs 9.68 billion additional investment in its projects. The IBN, a government of Nepal entity, and Dabur Nepal inked the MoU to build, operate [...]
LTIMindtree Q4 results: Consolidated net profit rises marginally 0.5% YoY
IT company LTIMindtree on Thursday posted a 0.5 per cent year-on-year rise in consolidated net profit to about Rs 1,114 crore for the March 2023 quarter. Seen sequentially, the net profit grew 11.3 per cent over the December quarter. The revenue from operations for the just-ended quarter stood at Rs 8,691 crore, which translated into [...]
ACC Q4 results: Consolidated net profit falls 41% YoY
Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ended March 2023. The company had posted a profit of Rs 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a [...]
Trent Q4 results: Standalone net profit jumps 40% YoY
Trent, the Tata group's retail arm, on Thursday declared a 40.4 per cent on-year jump in standalone net profit in the fourth quarter ended March 2023 at Rs 105.13 crore, on robust sales along with margin expansion. For the full year, standalone net income more than doubled (122.15 per cent) to Rs 554.57 crore, while [...]
Shriram Finance Q4 results: Net profit jumps over 25% YoY
Shriram Finance on Thursday reported over 25 per cent jump in net income at Rs 1,308.31 crore in the March quarter, as against Rs 1,086.13 crore in the trailing 12 months period, on robust net interest income which almost doubled. Shriram Finance is the new entity after the merger of Shriram Transport Finance Company, Shriram [...]
Sebi bars Karvy Investor Services from taking new clients for flouting market norms
Markets regulator Sebi on Thursday barred Karvy Investor Services Ltd (KISL) from taking new clients for allegedly violating regulatory norms. The order came after Sebi carried out an physical inspection for the purpose of verifying its compliance status with various regulatory requirements while handling the public issues of debt securities during FY 2021-22. In a [...]
Markets decline in early trade after 4-day rally
Equity benchmark indices declined in initial trade on Friday in a highly volatile trade as investors preferred to stay on the sidelines after a four-day rally in the markets. The 30-share BSE Sensex declined 73.79 points to 60,575.59. The broader NSE Nifty dipped 17.85 points to 17,897.20. From the Sensex firms, Bajaj Finserv, Asian Paints, [...]
Multibagger IT stock reaches 52 week high after reporting robust results
Shares of KPIT Technologies gained 4.78% on Thursday to reach a fresh 52-week high of ₹ 948.80 apiece on the National Stock Exchange (NSE) after it reported healthy results. The company’s shares closed at ₹ 920.00 apiece. KPIT Technologies’ total income grew by 53% to ₹ 1,023.62 crores in the January to March quarter (Q4FY23), [...]
2 Fundamentally strong cement stocks to watch; Do you hold any?
A company is said to be ‘Fundamentally Strong’ when it has multiple and robust business operations involved and can bank on its liquidity positions for short as well as long-term requirements. Moreover, such type of companies would be able to survive in a scenario of financial crisis in the markets and have a competitive edge [...]
Reliance Consumer Products, udaan partner for pan-India distribution of Campa beverages
B2B e-commerce company udaan on Thursday said it has entered into a partnership with Reliance Consumer Products for pan-India distribution of beverage brand Campa's range of products. RCPL's (Reliance Consumer Products Ltd) range of Campa beverages will be initially available in over 50,000 retailers and kirana stores, which will gradually expand to over 1 lakh [...]
Wipro Q4 Results: Net profit dips 0.4% YoY; Board approves Rs 12k cr share buyback
IT major Wipro on Thursday reported a marginal year-on-year decline of 0.4 per cent in net profit to Rs 3,074.5 crore for the fourth quarter ended March 2023 and announced a share buyback of up to Rs 12,000 crore. The Wipro board approved the buyback of 26.96 crore equity shares at a price of Rs [...]
Tesla Power USA inks pact with Indian Oil Corp to sell batteries at petrol pumps
Tesla Power USA on Thursday said it has inked an agreement with Indian Oil Corporation Limited (IOCL) to sell and service batteries at the state-owned firm's petrol pumps. The partnership will enable Tesla Power to sell and service batteries at over 36,000 IOCL petrol pumps across India, the US-based firm said in a statement. "This [...]
3 Small cap stocks that jumped more than 15% today
Domestic benchmark indices closed in the green on Thursday after a flat opening. The BSE Sensex closed at 60,649 points, up 349 points and the Nifty 50 ended 101 points higher at 17,915 points. 1970 shares advanced, 1421 shares declined, and 126 shares remained unchanged. Here are three stocks that gained more than 15% today: [...]
Bajaj Finserv Q4 results: Consolidated net profit rises by 31% YoY
Bajaj Finserv Ltd (BFL) on Wednesday reported a 31 per cent jump in its consolidated net profit at Rs 1,769 crore for the fourth quarter ended in March 2023. The company had posted a net profit of Rs 1,346 crore during the corresponding January-March period of 2021-22. The total consolidated income during the March 2023 [...]
Swiggy partners with apna to hire 10,000 gig workers from tier 2, tier 3 cities
Online food delivery platform Swiggy has partnered with jobs and professional networking company apna to create 10,000 hyperlocal opportunities for its quick commerce grocery service -- Instamart -- in 2023. With this, the company is aiming to strengthen its delivery workforce in tier 2 cities. Announcing the partnership on Thursday, apna shared that in 2022, [...]
Stock markets settle with gains; logs 4th day of rally
Equity benchmark indices Sensex and Nifty ended in the green on Thursday, climbing for the fourth straight day, amid fresh foreign fund inflows and intense buying in IT and telecom stocks. Buying in index majors Infosys and Reliance Industries added to the optimism in the equity market. The 30-share BSE Sensex climbed 348.80 points or [...]
Tata Group stock falls 5.5% after announcing Q4 results and terminating joint venture pact with HIL
Shares of Voltas, a Tata Group Stock tanked 5.50% on Thursday to reach an intraday low of ₹ 807.60 apiece. This happened after the company reported its results for the fourth quarter of FY23 and terminated a joint venture pact with Highly International (Hong Kong) Limited. A 03:18 PM, the company’s shares were quoting at [...]
Suzlon bags order for 39-MW wind energy project from Thermax Group firm First Energy
Renewable energy solution provider Suzlon on Thursday announced that it has bagged a 39-MW wind power project from Thermax Group company First Energy. This order is part of a 100-MW wind-solar hybrid project by First Energy 5 Pvt Ltd, a company statement said. Suzlon will install 13 wind turbine generators (WTGs) with a hybrid lattice [...]
Trials for Coal India’s in-house e-auction platform to begin in May
Trials for Coal India's in-house e-auction platform will begin in May, a senior official said on Thursday. At present, the e-auctions are conducted through external agencies such as MSTC Ltd and mjunction Ltd. Within the next three-four months, all e-auctions of the state-owned Coal India will move to the in-house platform, which has been developed [...]
Multibagger stock becomes a Navratna stock after Govt upgrades its status
Shares of Rail Vikas Nigam Limited are in the red today witnessing a fall of around 1 percent and currently trading at Rs 104. Considering movements in the last 5 trading sessions, the stock has jumped more than 32 percent ranging from Rs 79 to the current levels. Keeping a purview of 6 months, the [...]
RK Damani stock declares annual results and dividend of ₹ 150 per share
With a market capitalization of ₹ 5048 crores, VST Industries is a small-cap company engaged in the manufacturing and trading of cigarettes containing tobacco and unmanufactured tobacco products. Ace investor Radhakishan Damani holds a whopping 32.89% stake in the company, as per its latest shareholding pattern. He holds 4,741,720 shares that are worth ₹ 1,559.1 [...]
IT stock gains 8% after release of Annual results; Net Profits jump 22% YoY
Stocks of L&T Technology Services Limited zoomed around 8 percent today and currently trade at Rs 3,723. In the last five trading sessions, the stock has provided returns of 10.4 percent to its stakeholders. The company, yesterday, announced its results for the last quarter as well as for the financial year 2022-2023. Details of the [...]
Midcap stock gains 6% after reporting 103% increase in net profit; Board recommends dividend
Shares of Poonawalla Fincorp jumped 6.43% higher on Thursday’s early trades after the company reported robust results for the January to March quarter of 2023 (Q4FY23). Its shares reached an intraday high of ₹ 327.70 apiece on the National Stock Exchange (NSE) and were trading at ₹ 321.45 apiece at 12:16 PM. Poonawalla Fincorp is [...]
HUL Q4 Results: Consolidated net profit up 12.74% YoY
FMCG major Hindustan Unilever Ltd on Thursday reported an increase of 12.74 per cent in its consolidated net profit at Rs 2,601 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 2,307 crore in the January-March quarter of the previous fiscal. Its revenue from sales during [...]
JTL Industries Q4 results: Net profit doubles to Rs 36.65 cr YoY
Steel pipes maker JTL Industries Ltd has posted a Rs 36.65 crore consolidated net profit during the fourth quarter of financial year 2022-23, on account of higher income. At Rs 36.65 crore, the net profit was almost double of Rs 18.94 crore during the January-March period of fiscal year 2021-22, JTL Industries said in a [...]
Small cap Bank stock jumps 5.7% after re-appointment of MD and CEO; Check the details
Shares of City Union Bank Limited started their trading session today at Rs 144 and currently trade at Rs 140.50. The scrip is up nearly 5.5 percent as compared to the previous closing price of Rs 133.20. In the last one-month period, the stock has gained and provided returns of around 13 percent to its [...]
Shoppers Stop Q4 results: Consolidated net profit at Rs 14 cr
Retail chain Shoppers Stop Ltd on Wednesday reported a consolidated net profit of Rs 14.26 crore for the fourth quarter ended March 31, 2023. The company had posted a net loss of Rs 15 crore for January-March period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations was at Rs [...]
SBI Life Q4 results: Net rises marginally to Rs 77.6 cr
SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in the 12 trailing months, despite higher premium and margins. The largest private sector life insurer in an exchange filing said its first-year premium inched up to Rs 408.9 crore from [...]
UTI AMC Q4 results: Profit after tax soars 59% YoY
UTI Asset Management Company (AMC) on Wednesday reported 59 per cent jump in profit after tax (PAT) at Rs 86 crore for the three months ended March 2023. In comparison, the company posted a PAT of Rs 54 crore for the same quarter a year ago, UTI AMC said in a regulatory filing. Total income [...]
Voltas shares decline nearly 3% after March quarter earnings announcement
Shares of Voltas Ltd fell by nearly 3 per cent on Thursday morning trade after the air conditioning maker reported a decline of 21.6 per cent in its consolidated net profit in the March 2023 quarter. The stock fell by 2.85 per cent to Rs 830.60 on the BSE. At the NSE, it declined 2.82 [...]
LTTS Q4 results: Net profit rises 18%; to hire 2,000 people in FY24
L&T Technology Services (LTTS) on Wednesday reported an 18 per cent growth in its March quarter net profit at Rs 309.6 crore. The engineering services company's post tax net profit in FY23 rose 22 per cent to Rs 1,169.8 crore. For the reporting quarter, the company's revenues grew 19 per cent to Rs 2,096.2 crore [...]
Stock recommendations using Telegram: Sebi bans 6 persons from securities mkt for up to 3 yrs; fines Rs 5.8 cr
Sebi on Wednesday barred six individuals from the securities market for up to three years and imposed penalty totalling Rs 5.8 crore on them in a case pertaining to circulating misleading messages recommending buying specific stocks using social media platform Telegram. The regulator has asked them to pay the fine within 45 days. In addition, [...]
Coffee Day audit lapses: NFRA slaps Rs 1.15 cr fine on 2 auditors, 1 audit firm
The National Financial Reporting Authority (NFRA) has imposed a ban and penalties totalling Rs 1.15 crore on three entities, including two auditors, for lapses in the auditing of Tanglin Developments Ltd and MACEL. Tanglin Developments Ltd (TDL) and Mysore Amalgamated Coffee Estate Ltd (MACEL) are subsidiaries of listed-entity of Coffee Day Enterprises Ltd (CDEL). Late [...]
IIFL Finance Q4 Results: Standalone Net profit rises 16% YoY
IIFL Finance on Wednesday reported 16 per cent jump in standalone net profit at Rs 269 crore for March quarter 2022-23. The non-banking financial company had posted a net profit of Rs 231 crore for the year-ago period. Total income during January-March last fiscal rose to Rs 1,092 crore from Rs 1,079 crore, IIFL Finance [...]
Stock markets climb in early trade
Market benchmark indices advanced in early trade on Thursday, climbing for the fourth straight day amid fresh foreign fund inflows and buying in index major Reliance Industries. The 30-share BSE Sensex climbed 88.71 points to 60,389.29 points. The broader NSE Nifty advanced 19.40 points to 17,833 points. From the Sensex firms, Kotak Mahindra Bank, Bajaj [...]
Bulk Deal: Small cap stock gains after Emerging Business Fund buys shares worth Rs 11.30 Cr
Shares of Stove Kraft Limited closed in the green today at Rs 388 levels gaining approximately 2.5 percent in comparison to the previous closing price of Rs 378.45. In the last one-month period, the stock has provided a return of about 4.5 percent to its stakeholders. One of the probable reasons for the stock prices [...]
Dalmia Bharat executes definitive agreements with JAL to acquire cement assets
Dalmia Bharat on Wednesday said it has executed definitive agreements with debt-ridden Jaiprakash Associates Ltd (JAL) to acquire the latter's cement assets as per an earlier announcement. Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat, on Tuesday executed definitive agreements with JAL for the acquisition of JP Super Cement Plant in Uttar Pradesh [...]
AU Small Finance Bank stock falls despite a 26% increase in net profits YoY; Check the targets
Stocks of AU Small Finance Bank Limited dipped around 2.5 percent today and closed at Rs 644 levels. The scrip observed an intra-day low figure of Rs 630.85 representing a downfall of nearly 5 percent. This week, the company announced its results for the March quarter as well as the financial year ending 2023. Details [...]
Stock markets rise for 3rd session; Sensex gains 169 pts
Equity benchmark indices Sensex and Nifty extended their rally for the third straight session on Wednesday amid buying in index major IndusInd Bank, Nestle India and HCL Tech. However, continuous foreign fund outflows and a weak trend in global equities restricted gains in the market, traders said. The 30-share BSE Sensex climbed 169.87 points or [...]
PVR Inox touches new 52 week low after amalgamation; Check the latest target
Multiplex chains PVR Ltd and Inox Leisure Ltd had announced a merger last year. This happened after the industry was hit hard by closures due to the pandemic that wiped out a lion’s share of the industry’s revenue. Moreover, the rise in the consumption of OTT content added fuel to the fire. OTT platforms in [...]
70% of businesses plan to integrate metaverse in co activities: PwC India
Almost 70 per cent of business executives in India plan to integrate the metaverse into their organisational activities, said a report by PwC India. Though the term metaverse spans a wide spectrum of definitions, it mainly denotes a digital environment with a virtual world that mimics reality through the use of emerging technologies such as [...]
Maruti Suzuki Q4 results: Consolidated net profit rises 42% YoY
Maruti Suzuki India on Wednesday reported a 42 per cent rise in consolidated net profit to Rs 2,671 crore for the fourth quarter ended March 2023, driven by higher sales, improved realisation and favourable forex movement. The country's largest carmaker logged a net profit of Rs 1,876 crore in the January-March of 2021-22. Net sales [...]
Small cap Tata Group stock jumps more than 11% after Q4 profits increase by 1289%; Are you holding it?
Shares of Oriental Hotels Ltd, a Tata group company were deep in the green after the company reported its results for the January to march quarter of 2023 (Q4FY23). Its share price climbed 11.45% on Wednesday’s intraday trades to reach a 52-week high of ₹ 92.00 apiece. At 03:03 PM, its shares were trading at [...]
Real Estate stock in green after revenues nearly double; Brokerage see an upside of 38%
Shares of Macrotech Developers Limited, the largest real estate developer in India, opened their trading hour at Rs 901.95 and currently trade at Rs 902.50. The scrip is up around 1 percent as compared to the previous closing price of Rs 893.75. In the last one-month period, the stock has provided returns of around 13 [...]
Brakes India forays into lubricant portfolio
Manufacturers of braking equipment for automotive and non-automotive applications Brakes India has forayed into the lubricants segment with the launch of 'Revia' brand, the company said on Wednesday. The engine oils would cater to both passenger- and commercial-vehicle segments. "Established for over six decades, Brakes India is known in the automotive industry for safety components [...]
MCX shares tumble nearly 8% after CTO resigns
Shares of Multi Commodity Exchange of India (MCX) tumbled nearly 8 per cent in the mid-session trade on Wednesday after its Chief Technology Officer Shashank Sathe resigned from the company. The firm's scrip tanked 7.77 per cent to Rs 1,372.10 apiece on the NSE. On the BSE, it plunged 7.71 per cent to Rs 1,373 [...]
Essar to invest Rs 2,000cr in Bengal’s brownfield CBM project
Essar Oil and Gas Exploration and Production Ltd (EOGEPL) will invest another Rs 2,000 crore in the next 18 to 24 months in its coal bed methane project in West Bengal’s Raniganj, an official said. The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and producing nearly [...]
PSU Stocks soared up to 20% after setting compulsory dividend and bonus issue rules
As many as 7 PSU stocks shot up on Wednesday’s early trades, logging up to 20 percent gains after the Gujarat state government announced a new policy of compulsory dividends and bonus shares. Moreover, it set guidelines for when to go in for a stock split and a share buyback. Gujarat Mineral Development Corporation gained [...]
Reliance’s expansion manageable, says S&P
Reliance Industries Ltd's (RIL) strategy to diversify and dominate a number of industries will boost spending and will also help mitigate its elevated capex needs, rating agencies said on Wednesday. While S&P Global Ratings said it believes that "the company's appetite for bigger investments or M&As will dissipate", Fitch Group company CreditSights said its "credit [...]
Power stock hits 20% upper circuit after board approves multiple contracts; Check the details
Shares of Gujarat Industries Power Company Limited (GIPCL) were locked in the 20 percent upper circuit in the early trading hours and, after releasing from that point, the stock again reached the circuit at Rs 91.10. The company is held by parent companies which include Gujarat State Fertilizers & Chemicals Ltd, Gujarat Alkalies & Chemicals [...]
Vijay Kedia increases stake in this small cap stock with high FII holding
With a market capitalization of ₹ 2565 crores, Neuland Laboratories is a small-cap company that manufactures active pharmaceutical ingredients. It is an end-to-end solution provider for the pharmaceutical industry’s chemistry needs. Ace investor Vijay Kedia recently increased his stake in Neuland Laboratories through his company Kedia Securities Pvt Ltd (KSPL). Vijay Kedia is one of [...]
Tata Steel Long Products Q4 Results: Standalone loss of Rs 184 cr
Tata Steel Long Products (TSLP) has posted a standalone loss of Rs 184.11 crore during the fourth quarter of financial year 2022-23, on account of increased expenses. The company had reported a net profit of Rs 59.62 crore during the January-March period of fiscal year 2021-22, TSLP said in a regulatory filing on Tuesday. The [...]
3 Mid cap stocks in which FII’s increased their stake by more than 6.4% in the March Qtr
A foreign institutional investor (FII) is an investor or investment fund that is registered in a country other than the one it is investing in. Developing economies have been observed to have the highest volume of FII activities. Since these economies are dynamically growing, they provide opportunities to investors by offering higher growth potential as [...]
ISMA cuts sugar output estimates by 3.5% to 328 lakh tonnes for 2022-23 marketing yr
Sugar industry body ISMA has revised downwards the country's sugar production estimate to 328 lakh tonnes for the current marketing year ending September, from an earlier projection of 340 lakh tonnes. The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year [...]
Small cap Pharma stock sets record date for dividend payout of ₹ 377 Per share; Do you hold it?
Sanofi India has announced a total dividend of ₹ 377 per share. This includes a final dividend of ₹ 194 per share and a special dividend of ₹ 183 per share. It is a small-cap company engaged in the business of manufacture and sale of pharmaceutical products. The record date for determining the eligibility of [...]
Analysts see a 46% upside in this insurance stock after premium collection increase by 17%
Shares of India's largest insurance company closed at a price of Rs 548.30. The scrip was down around 0.20 percent as compared to the previous closing price of Rs 549.40. The stock is trading closer to the 52-week low level of Rs 530.05. As per the data published by Life Insurance Council, the total premium [...]
L&T bags significant orders in India, overseas markets
Homegrown Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution business has won significant orders in the domestic and overseas markets. The infrastructure major did not disclose the financial details of the projects. However, according to its classification, significant orders value in the range of Rs 1,000-2,000 crore. The power transmission & [...]
Equity markets log gains for 2nd day: power shares advance
Equity benchmarks Sensex and Nifty closed higher for the second straight session on Tuesday, helped by buying in power and utility stocks amid positive quarterly numbers announced by heavyweight companies. However, foreign fund outflows and a muted trend in global equities capped the gains, traders said. In a highly volatile trade, the 30-share BSE Sensex [...]
Multibagger stock hits 20% upper circuit to reach an all-time high; Check the details
Gaining for the second day in a row, shares of Rail Vikas Nigam Ltd (RVNL) shot up 20% by 03:15 PM on Tuesday to reach a new all-time high of ₹ 105.30 apiece on the bourses. RVNL is engaged in implementing various rail infrastructure projects assigned by the Ministry of Railways. This includes doubling, gauge [...]
Infosys inks MOU with the world’s largest oil producer; Brokerage sees an upside of 30%
India’s second-largest IT company Infosys has signed a deal with the world’s largest oil producer Aramco to use artificial intelligence and automation tools to build its HR technology. Its shares closed at ₹ 1227.00 apiece on Tuesday. Infosys plans to embed digital transformation practices across Aramco’ HR platform to enhance the overall experience of employees [...]
Chemical stock jumps nearly 5% after signing Letter of Intent; Hits 52-week high
Shares of Anupam Rasayan India Limited gained nearly 5 percent today and currently trade at Rs 1,126. In the last 5 trading sessions, the stock has gained 10 percent ranging from Rs 1,022 to the current price levels. The scrip touched its 52-week high mark today at a price of Rs 1,132.70. One of the [...]
2 Stocks tank up to 12% today and touched their 52 week low; Check the reasons here
Benchmark indices are trading flat amid the volatility faced in the stock market today. The Sensex is up 172 points (0.29 percent) at Rs 60,228.16, and the Nifty 50 is up 57 points (0.32 percent) at Rs 17,800.20. Listed below are 2 stocks that witnessed a downfall of up to 12 percent today and touched [...]
3 Stocks that touched a fresh 52 week high today; Check the details
Domestic benchmark indices were trading sideways on Tuesday. The Sensex reclaimed the 60,000-level mark after opening in the negative territory, and was at 60,179 points, up 0.21% at 11:50 PM. Meanwhile, the broader Nifty 50 opened in the green and was trading 0.26% higher at 17788.95 points. Though the markets were flat, here are a [...]
Tata Group stock jumps 10% after net profit increases by 25% YoY; Board recommends dividend
Shares of Nelco Limited, a Tata Group stock, started its trading session today at Rs 565 and currently trade at Rs 603. The scrip is approximately 10 percent up as compared to the previous closing price of Rs 548.95. In the last one month period, the shares have generated returns of around 20 percent for [...]
Stock to Buy: Blue-Chip stock that can deliver more than 30% returns
A ‘Blue-Chip’ stock is a stock of well-established, large, and financially sound companies that have operated for many years and have dependable earnings. Such companies are often observed to be paying dividends to their investors. One such Blue-Chip company, Reliance Industries Limited, has marginally fallen today and trades at a price of Rs 2,354. The [...]
Ashish Kacholia buys this multibagger stock with 8,347% returns in Mar Qtr; Check the details
Shares of Aditya Vision Limited currently trades at Rs 1,460, which is around 0.8 percent down from the closing price of Rs 1,471. In the last 5 trading sessions, the company has been able to gain around 1.6 percent for its stakeholders. Keeping a purview of roughly 3 years, from mid of March 2020 till [...]
Starbucks India stock jumps 4% ahead of Q4 results; Check what analysts have to say
Tata Consumer Products Limited (TCPL), a company that owns the brand Tata Starbucks, is a joint venture between Starbucks Coffee Company and TCPL which arrived in India in October 2012. The shares of the company were trading 4 percent higher at Rs 728 levels till the afternoon on Monday. The scrip gained ahead of the [...]
Fundamentally strong bank stock to buy now after Q4 results, with an upside potential of 30%
With a market capitalization of Rs 631,828 crores, shares of ICICI Bank Limited hiked about 2.2 per cent and closed at a price of Rs 905.30. In the last one month period, the stock has generated returns of around 7 per cent for its stakeholders. The surge in prices today was observed after the company [...]
Multibagger stock is coming up with a 5:2 stock split this week; Check the Ex-Date here
Josts Engineering Company Limited focuses on the business areas such as material handling, industrial finishing, and engineered products. The company has recently announced the splitting of its shares. It is a micro-cap company with a market capitalization of Rs 152 Crores. Josts Engineering Company will split its shares in the ratio of 5:2. This means [...]
Penny Stock hits upper circuit of 5% after JV with German E-mobility major Quantron AG
Shares of Goldstone Technologies Limited are locked in the 5 percent upper circuit today at a price of Rs 58.95. In the last one month period, the stock has gained around 20 percent ranging from Rs 49.60 to the current price levels. The company has a market capitalization of Rs 203 crores. Keeping a purview [...]
HDFC Life Insurance stock jumps up to 8% today – Check the reason for the uptrend
With a market capitalization of Rs 115,000 crores, shares of HDFC Life Insurance Company Limited zoomed more than 4 percent today and currently trade at Rs 535. The scrip witnessed an intra-day high of around 8 percent as compared to the previous closing price of Rs 513.30. One of the probable reasons for the stock [...]
2 Railway Stocks jump more than 8% and hit a new 52 week high; Do you hold any?
Domestic indices opened the week on a higher note. The NSE Nifty 50 jumped 40.25 points or 0.23% to 17,664.3 levels while the BSE Sensex surged 146.74 points or 0.25% to 59,801.80. Going with the positive trends in the market, the Indian railway stocks also shined in the early hours of Monday. Here are 2 [...]
Top Stock Picks: 5 Stocks to BUY now for an upside of up to 55%
Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended flat following a rangebound session on the last trading day of the week. FMCG and IT shares traded with gains supporting the headline indices, while financial and auto shares traded in the red, limiting the upside. Investors await more financial results from India Inc for [...]
₹ 31 to ₹ 4,720: Multibagger stock turns ₹ 1 lakh to ₹ 1.52 Crore in just ten years
Investing in the stock market is one of the most sought-after ways to compound investments over a long period of time. Investors go through the financials of companies and their business prospects and intend to remain invested in stocks for a long period of time. Years later, these investments grow to give multibagger returns. The [...]
3 Tata Group stocks in which FII’s and FPI’s hold up to 25% stake in the company
Founded by Jamsetji Tata in 1868, the Tata Group is one of the oldest and most trusted business groups in India. It operates in more than 100 countries and touches the lives of several people in different ways. It not only attracts investments from Indian investors but also from foreign investors. Here are three Tata [...]
Weekly Recap: Windfall tax on oil produced, mutual fund collection rises, Q4 results & more
Headline indices were deep in the red on Monday, led by a fall in IT shares after their disappointing result. Meanwhile oil & gas and FMCG shares traded in the green. The thirty-share BSE Sensex started the week at 60,385.90 points and the fifty-share NSE Nifty 50 opened at 17,863.00 points. The markets reacted to [...]
2 Fundamentally strong stocks that are trading at 52-week low; Do you own any?
A company is said to be ‘Fundamentally Strong’ when it has robust underlying operations. Those companies would be able to run their business even when the sector is facing unfavorable situations. Listed below are 2 of such fundamentally strong companies trading near their 52-week low numbers despite strong financials and profitability metrics. Tata Consumer Products [...]
Stock jumps 72% in 5 days after significant changes in the company; Check the details
Shares of Mirza International notched around 10 percent gains on Friday’s early trades to reach an intraday high of ₹ 60.30 apiece on the National Stock Exchange (NSE). Its shares hit the upper circuit for the third straight day, in an otherwise subdued market. Its share price has been on an uptrend and has gained [...]
IT stock jumps nearly 7% after announcing Q4 results and dividend; Check the details
Cyient Limited’s stock prices jumped nearly 7 percent today and the current price stands to be Rs 1,167. The scrip touched its 52-week high mark at a price of Rs 1,193.70. In the last 5 trading sessions, the stock has gained about 10 percent ranging from Rs 1,064 to the current price levels. Such movements [...]
Vijay Kedia increases his stake to 13.37% in this multibagger company; Stock up 112% in 6 mos
With a market capitalization of ₹ 311 crores, Affordable Robotic & Automation Ltd is a micro-cap company that provides turnkey automation solutions for all kinds of Industrial automation needs such as line automation, assembly line, conveyor, and so on. Ace investor Vijay Kedia holds 12,28,800 shares or a 12.07% stake in the company, as of [...]
Small cap stock dips nearly 7% after release of Q4 results; Check the details
Shares of Sterling and Wilson Renewable Energy Limited are currently trading at Rs 286 showing a downfall of approximately 7 percent as compared to the previous closing price of Rs 307. In the last one month, the stock has experienced a fall of around 11 percent ranging from Rs 319 to the current levels. One [...]
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