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Mukul Agrawal stock in focus after receiving permission for coal mining in Chhattisgarh
This Ace Investor Dolly Khanna and Mukul Agrawal stock which deals in the business of Steel Products manufacturing and sale and Power generation is in focus after the company received permission for Coal Mining in Chhattisgarh. Price Movement Prakash Pipes Limited's stock in Tuesday’s session was trading at Rs. 170.65 per share down by 1.95 [...]
Stock jumps 11% after reporting ₹42 Cr profit against loss of ₹9.72 Cr in previous year
This Real Estate stock which deals in the business of developing premium segment residential and commercial properties across the Mumbai region was up by 10.61 percent after announcing net profit turned profit from loss in Q3FY25. Price Movement In Tuesday’s trading session, Suntech Realty Ltd's share price touched a day’s high of Rs. 545, which [...]
FMCG stock jumps after company to acquire 100% stake in Milk Mantra Dairy for ₹233 Cr
The shares of this FMCG company engaged in the business of dairy manufacturing, processing and marketing of ice Creams, Milk and Milk products, jumped up to 2 percent upon approving the acquisition of a 100 percent stake in Milk Mantra Dairy Pvt Ltd for Rs. 233 crore. Price Action With a market capitalization of Rs [...]
Semiconductor stock in focus after reporting 123% YoY increase in net profits
The shares of consumer durables stock, specialized in the manufacturing of consumer electronics, home appliances, lighting products, and mobile phone accessories, in focus upon declaring Q3 results and generating profit with 123 percent rise Year on Year (YoY) Price action With a market capitalization of Rs. 1,05,451 crores on Tuesday, the shares of Dixon Technologies [...]
Solar stock jumps 3% after receiving order worth ₹38 Cr from Solar Power Developer
The share price of this Solar company which deals in the business of Solar power projects EPC and operations while offering solar energy solutions on a BOOT basis hit 3 percent higher on Tuesday after the company received an order worth Rs. 38.40 crore from Solar power Developer (Rajasthan). Share Price Movement In Tuesday’s trading [...]
Why did Zomato fall 8% today despite reporting 64% YoY increase in sales? Check the reason
The food delivery and quick grocery business in India has seen tremendous growth in recent years, driven by changing consumer habits, urbanization, and a growing preference for convenience. Companies like Swiggy and Zomato dominate the food delivery landscape, offering a vast range of cuisines from local restaurants and chains, with fast delivery times and user-friendly [...]
Will India become the EV hub for Maruti Suzuki? Here’s everything you need to know
The demand for electric vehicles (EVs) worldwide is rapidly increasing, driven by growing concerns over carbon emissions and the need for cleaner, sustainable transportation solutions. Governments and consumers are prioritizing eco-friendly alternatives to combat climate change, resulting in significant investments in EV technology and infrastructure. As a result, the global shift towards EVs is gaining [...]
Denta Water IPO: From issue details to their financials; Here’s what you need to know
The water Management companies are in focus as the country with increasing population can result in depletion in Water resources in the future. Denta Water Limited is set to launch its Initial Public Offering (IPO) which consists of a fresh issue offer of Rs. 220.50 crores. The IPO is done by companies to raise funds [...]
Fundamentally strong stock with an upside potential of more than 20%
The electrical and wiring industry in India is a crucial segment of the country’s infrastructure development, driven by rising demand for electricity, industrial expansion, and urbanization. As the country’s power consumption continues to grow, there is an increasing need for reliable electrical systems and high-quality wiring solutions across residential, commercial, and industrial sectors. The industry [...]
4 Stocks forming the bullish Golden crossover pattern to keep an eye on
A golden crossover is used in technical analysis of financial markets to describe a bullish move that occurs when a shorter-term moving average crosses above a longer-term moving average. The most common moving averages used are the 50-day moving average (short-term) and the 200-day moving average (long-term). This crossover is considered a positive signal, indicating [...]
News Alert
NEWSALERT
Growth in FY23 to be supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations: Survey. PTI DP ANZ MKJ
NEWSALERT
Survey says India's economic response to devastation caused by pandemic has been supply-side reforms rather than demand management. PTI DP ANZ MKJ
NEWSALERT
Economy well placed to take on challenges in 2022-23: Economic 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
IT stock locked in 5% lower circuit after allegations of accounting fraud
Shares of Brightcom Group have stayed in the 5 percent lower circuit today and were locked at a price of Rs 14. In the last 5 trading sessions, the stock has shown a downward movement of around 20 percent ranging from Rs 17.55 to the current levels. One of the factors contributing to such movements [...]
Top Stock Pick: Tata Group stock to BUY now for an upside of more than 30%
Tata Chemicals Limited stock prices dipped more than 6 percent today and currently trade at a price of Rs 930. In the past 6 months, the stock has lost around 20 percent ranging from Rs 1,166 to the current price levels. Tata Chemicals Limited is engaged in the business of manufacturing and selling a variety [...]
96% of prospective customers say home buying decision will be hit if mortgage rate rises further: CII-Anarock
More than 95 per cent of prospective homebuyers feel that a further increase in interest rate on home loans will affect their purchase decisions, according to a CII-Anarock survey. A total of 4,662 people participated in the survey carried out jointly by industry body CII and real estate consultant Anarock. The report 'The Housing Market [...]
Reliance Capital resolution process completion deadline extended to July 16
The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery. The earlier deadline of April 16 has already ended. The 90 days deadline extension [...]
WeWork India takes on lease 92,000-sq ft office space in Pune from Panchshil Realty
Co-working major WeWork India has taken on lease 92,000 square feet office space in Pune from Panchshil Realty to expand its business. In a statement, WeWork India said it has signed a lease agreement for a new building 'Eleven West' in Pune. Located in Baner, the workspace spans over 92,000 square feet and marks WeWork [...]
Small cap stock gains 6% after reporting strong earnings; Declares a dividend of ₹ 13.6
Shares of Angel One Ltd gained 6.43% on Tuesday’s early trades after the stock broking firm continued its strong quarterly performance. Its share price reached an intraday high of ₹ 1358.85 apiece, against Monday’s closing share price of ₹ 1276.80 apiece on the National Stock Exchange (NSE). At 1:15 PM, the company’s shares were trading [...]
Auto stock gains 39% in two days after Vijay Kedia buys stake in the company
Shares of Precision Camshafts Ltd rose sharply after ace investor Vijay Kedia picked a stake in it. The company’s shares appreciated 16.74% on Tuesday to reach an intraday high of ₹ 149.20 apiece. At 12:00 PM, the shares were trading at ₹ 144.25, up 12.87%. Precision Camshafts is an auto ancillary company that manufactures and [...]
Mankind Pharma IPO to open on Apr 25
The initial share sale of drug maker Mankind Pharma will open for public subscription on April 25. The three-day initial public offering (IPO) will conclude on April 27, and the bidding for anchor investors will open on April 24, according to the red herring prospectus (RHP). The company's IPO is entirely an offer for sale [...]
Reliance Group stock jumps more than 7% after release of Q4 results; Check the details
Just Dial Limited shares hiked nearly 7.3 percent recording an intra-day high figure of Rs 698. The scrip currently trades at Rs 677 which is a decent 4.2 percent gain as compared to the previous closing levels of Rs 650. In the last five trading sessions, the stock has gained around 9 percent ranging from [...]
IHCL announces signing two new hotels in Dhaka
Indian Hotels Company Limited on Tuesday announced the signing of two new hotels in Dhaka, Bangladesh. The Taj and Vivanta branded hotels will be part of an integrated complex that will also include hi-end retail. These are greenfield projects. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, "We are delighted to debut in [...]
Sterling and Wilson bags orders worth Rs 1,080 cr
Sterling and Wilson Pvt Ltd has bagged three rural electrification orders worth Rs 1,080 crore. While one order is from Chhattisgarh State Power Distribution Company Ltd (CSPDCL) in Rajnandgaon district, Chhattisgarh, two others are from South Bihar Power Distribution Company Ltd (SBPDCL) in Nalanda (also covering districts in Nawada) and Gaya. The projects, aimed at [...]
3 High dividend-paying stocks of FY22-23; Are you holding any?
After the company is done performing its operations throughout the year, it sometimes retains the money (if in surplus) or pays out a part of the profits to its existing shareholders. The portion let out to the shareholders is known as a ‘Dividend’. They may be paid primarily in cash, as well as in the [...]
Avalon Technologies shares make muted market debut; open 1% lower
Shares of Avalon Technologies made a muted market debut on Tuesday, listing with a discount of over 1 per cent on the BSE, against the issue price of Rs 436. The stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 [...]
Coca-Cola acquires 15% stake in Hashtag Loyalty
Beverage major Coca-Cola India Ltd has acquired a minority 15 per cent stake in Hashtag Loyalty, which owns the food ordering platform Thrive. This move will help Coca-Cola to get benefitted from Thrive, which has a partnership with over 12,000 restaurants across India. Hashtag Loyalty is an associate of the country's leading QSR chain operator [...]
Cement demand seen rising 8-9% in FY24 over 9% growth in FY23
Continued government push to build infrastructure will drive cement demand further this fiscal by 8-9 per cent on top of a 9 per cent growth in FY22, which will help the sector see some recovery in profitability, a report said. According to India Ratings, which has a neutral outlook for the sector for the year, [...]
Bank of Maharashtra hikes lending rates
State-owned Bank of Maharashtra (BoM) on Monday announced increase in the marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors. The revision in MCLR is effective from April 15, 2023. The benchmark one-year MCLR is up by 10 basis points to 8.50 per cent, it said. The one-year rate is [...]
India’s share in global computer services exports jumps to 11% in FY23: Analysis
With software exports hitting a record high of USD 320 billion in FY23, the country's share in global computer services exports has jumped to around 11 per cent in the year, according to an analysis. But the country still lags in the overall services export share at about 4 per cent, according to analysis of the [...]
76 big infra projects worth Rs 5.14 lakh cr evaluated under PM Gati Shakti in last 1 year
As many as 76 key infrastructure projects worth about Rs 5.14 lakh crore of different ministries have been evaluated under the PM Gati Shakti initiative in the last one year, a senior official said on Monday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM Gati Shakti initiative launched [...]
WTO panel rules against India’s import duties on certain ICT products in dispute with Japan, EU
The dispute panel of the Geneva-based World Trade Organisation (WTO) on Monday said the import duties imposed by India on certain informational and technology products violates global trading norms. The ruling followed a dispute filed by the European Union, Japan and Taiwan against these duties in the WTO. "We recommend that India bring such measures [...]
Two individuals offload Poonawalla Fincorp shares for Rs 290 crore
Two individuals on Monday offloaded shares in NBFC company Poonawalla Fincorp Ltd for Rs 290 crore through open market transactions. The two individuals are Sanjay Chamria and Mayank Poddar, who were the co-founders of Magma Fincorp Ltd (now known as Poonawalla Fincorp Ltd). According to the block deal data available with the National Stock Exchange [...]
CCI clears stake acquisition in VVDN Tech by IBEF
The Competition Commission of India (CCI) on Monday said it has cleared the stake acquisition in VVDN Technologies by IBEF-IV under the green channel route. India Business Excellence Fund - IV (IBEF-IV) is a Sebi-registered alternative investment fund (AIF). The proposed combination relates to the acquisition of shareholding by the IBEF-IV through a combination of [...]
TV18 Broadcast Q4 results: Consolidated net profit falls 91% YoY
Media firm TV18 Broadcast Ltd on Monday reported a 91.09 per cent decline in its consolidated net profit at Rs 19.66 crore in the fourth quarter ended on March 31, 2023, on account of a fall in advertising revenue. The company had posted a net profit of Rs 220.85 crore in the January-March period of [...]
Gadkari seeks support from states, UTs to strengthen policies for transformation of road sector
Union Minister Nitin Gadkari on Monday called for active support from states and UTs to strengthen policies and strategies for the transformation of the road transport sector, according to an official statement. The Union road transport and highways minister chaired a meeting of transport ministers from all states and Union Territories (UTs) to discuss various [...]
Markets rebound after taking heavy beating in previous trade
Equity benchmark indices rebounded in early deals on Tuesday after falling sharply in the previous trade amid strength in the US markets. The 30-share BSE Sensex climbed 202.72 points to 60,113.47 in early trade. The broader NSE Nifty gained 59.75 points to 17,766.60. Among the Sensex firms, Tata Motors, HCL Technologies, IndusInd Bank, Maruti, Nestle, [...]
TVS Motor launches NTORQ 125 race edition in Philipppines
Two and three-wheeler maker TVS Motors on Monday announced the launch of the TVS NTORQ 125 Race Edition at the Makina Auto Show in Philippines. The vehicle comes with TVS SmartXonnect TM that lets the rider connect their smartphone to the scooter, unlocking a host of smart connected features. These can be accessed through an [...]
Gold ETFs inflow declines 74% to Rs 653 cr in FY23 on profit booking, investors’ preference for equities
Inflow in gold exchange-traded funds (ETFs) dropped 74 per cent year-on-year to Rs 653 crore in 2022-23, mainly due to profit booking in this asset class and investors' preference for equities. However, the asset base of gold ETFs and investors' account or folio numbers increased in the last fiscal, data from the Association of Mutual [...]
Private equity and venture capital funds’ investments decline 4% to USD 5.3 billion in March
Private equity and venture capital funds' investments declined by 4 per cent to USD 5.3 billion in March 2023 as against the year-ago period, a report said on Monday. In terms of number of deals, there were only 82 transactions in March 2023 as against 125 in the year-ago period, as per the report by [...]
Bluechip stocks in which mutual funds have increased their stake; Are you holding any?
According to the Association of Mutual Funds in India, inflows into equity markets are on the rise. The inflows reached a 12-month high in March 2023 at ₹ 20,534 crores and they were at ₹ 15,685 crores in February and at ₹ 12,546 crores in January 2023. Meanwhile, the assets under management (AUM) of the [...]
South Central Railway registers highest Gross Originating Revenue of nearly Rs 19,000 crore
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during the fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday. "Backed by proactive planning and dedicated efforts by Team SCR on all segments of its operation, [...]
Godrej Capital eyes Rs 12,000 cr loan book this fiscal on MSME push; to get Rs 1,200 cr capital infusion
Godrej Capital, the financial services arm of the Godrej Group, is looking at a loan book of Rs 12,000 crore this fiscal, up from Rs 5,500 crore in the just-concluded fiscal. The company, among the youngest NBFCs, began operations only in late 2020 as a housing finance firm, primarily to serve the group's realty arm [...]
KFL posts Rs 621 cr sales turnover in 2022-23, passes Rs 42 cr as subsidy to farmers
The state-run Kerala Feeds Limited (KFL) on Monday said it has posted impressive results in 2022-23 with its total sales turnover going up to Rs 621 crore from Rs 577 crore the previous year. In a release, KFL, a State Public Sector Undertaking, said it has played a vital role in the growth of the [...]
R K Singh inaugurates POWERGRID Vishram Sadan in SSG Hospital in Vadodara
Union power minister R K Singh on Monday inaugurated POWERGRID Vishram Sadan, which would provide boarding and lodging facility to attendants of patients getting treatment in the premises of SSG Hospital in Vadodara. "POWERGRID Vishram Sadan was inaugurated through video conference by R K Singh, Union Minister for Power, New and Renewable Energy," a statement [...]
PwC India to invest Rs 600 crore in 3 years on employees’ welfare
PwC India on Monday said it is investing more than Rs 600 crore over the next 3 years towards holistic learning and development of its employees and across different wellbeing initiatives. The past three years have had a dramatic effect on people, and as a result, individuals are now reassessing what they want to do [...]
Multibagger chemical stock jumps up to 2.7% after Ashish Kacholia increases stake in it
Shares of Fineotex Chemical Ltd. were in the green after seasoned investor Ashish Kacholia increased his stake in the company. Its shares climbed 2.78% on Monday to reach an intraday high of ₹ 249.65 apiece. At 02:57 PM, its shares were trading at ₹ 246.40 apiece, up 1.44%. Fineotex Chemical is engaged in the business [...]
Passenger vehicle exports from India rise 15% in FY23; Maruti Suzuki leads segment
Passenger vehicle exports from India rose 15 per cent in FY23 with Maruti Suzuki India leading the segment with dispatches of over 2.5 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 6,62,891 units in the 2022-23 fiscal as compared to 5,77,875 units in 2021-22. [...]
Markets halt 9-day rally; Infosys slumps 9 %
Equity benchmark indices Sensex and Nifty buckled under selling pressure after nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors. Intense selling in Infosys, which fell over 9 per cent after lower-than-expected revenue guidance for FY24, and HDFC twins also pulled the benchmarks down. The 30-share BSE Sensex tanked [...]
NCLT approves AM Mining India’s resolution plan for Indian Steel Corporation
ArcelorMittal India on Monday said a resolution plan submitted for Indian Steel Corporation by its arm AM Mining India has been approved by the NCLT, Mumbai. In a statement, ArcelorMittal India Pvt Ltd said it "welcomes National Company Law Tribunal (NCLT) order on Indian Steel Corporation Ltd (ISC)". It looks forward to implementing the recently [...]
Fabindia appoints Rajeshwari Srinivasan as CEO
Fabindia Ltd, a retailer of artisan products and lifestyle items, on Monday announced the appointment of Rajeshwari Srinivasan as its Chief Executive Officer. Srinivasan, whose appointment is effective from this month, was previously working with Tata Group. She succeeds Viney Singh, who has decided to retire from the post after serving for seven years as [...]
Tata Power DDL inks pact with NTPC Vidyut Vyapar Nigam for hydro power supply
Tata Power Delhi Distribution has inked a pact with NTPC Vidyut Vyapar Nigam to get 200MW hydro power supply for meeting its projected peak demand for the next five years during the summer months, from May to September. Tata Power Delhi Distribution Ltd (Tata Power DDL) supplies electricity to over seven million populace in North [...]
Mid cap stock falls nearly 2% after Invesco offloads 5.6% stake in it ; Check the details
Zee Entertainment Enterprises Limited (ZEEL) shares opened its trading hour at Rs 205.45 and currently trade at Rs 204.30. The scrip is down around 2 percent in comparison to the previous closing price of Rs 208.15. In the last 5 trading sessions, the stock has dipped close to 4 percent. One of the probable reasons [...]
Centre to hold conference on Tuesday in Mumbai to discuss ways to redress consumer grievances in real estate
With the real estate sector contributing around 10 per cent to the total cases in consumer commissions, the Department of Consumer Affairs will on Tuesday organise a round table conference in Mumbai to discuss ways to redress the grievances of property buyers. According to an official statement, the Department of Consumer Affairs is organising a [...]
Stock to BUY: Blue Chip stock to BUY now that has huge upside potential
Shares of the largest private sector Bank in India opened its trading session at Rs 1,720 and currently trade at Rs 1,666. The scrip has seen a downward movement of about 2 percent as compared to the previous closing price of Rs 1,692.45. Such movements are observed after the Bank announced its annual results for [...]
Adani Group stock gains nearly 2% after release of Q4 Business Update: Check the details
Adani Green Energy Limited (AGEL) stock opened its trading hour today at Rs 965 and currently trades at Rs 956. The scrip is up nearly 2 percent in comparison to the previous closing price of Rs 941.15. Seeing the graphical presentation of stock movements in the past month, exhibits a volatile shift from upside movements [...]
Indian road logistics industry to clock high single-digit growth this fiscal: Report
The Indian road logistics industry is expected to clock a high single-digit growth this fiscal on an elevated base of the previous year, ICRA said on Monday. The credit ratings agency also expects the demand momentum to continue in FY24, aided by stable domestic consumption and investment demand, ICRA said. The Indian road logistics industry's revenue [...]
Rekha Jhunjhunwala buys stake in this multibagger stock held by Ashish Kacholia and Mukul Agrawal
Shares of Raghav Productivity Enhancers gained 9.15% on Monday’s morning trades to reach an intraday high of ₹ 943.90 apiece on the National Stock Exchange (NSE) after another ace investor bought a stake in the company. At 01:29 PM, the shares were trading 4.65% higher at ₹ 904.95 apiece. According to the shareholding pattern of [...]
Volvo Car India reports 38% growth in sales in Jan-Mar quarter
Volvo Car India on Monday said it has sold 544 units in the first quarter of this year, a 38 per cent growth, over the same period last year. The automaker had sold 393 units in the January-March period of last year. The sales growth during the period was led by the XC60 which registered [...]
Adani-Total’s Dhamra LNG terminal to start commercial operations at May-end
Adani Group and French company TotalEnergies' newly built Rs 6,000 crore facility to import LNG at Dhamra on the Odisha coast will start commercial operations at the end of May, the French firm said on Monday. The 5 million tonne a year capacity terminal received its first ever shipment of liquefied natural gas - a [...]
TN inks pact for Rs 2,300 crore investment with footwear firm
The Tamil Nadu government on Monday signed a memorandum of understanding with a well-known footwear maker for an investment of Rs 2,302 crore in the state. The MoU was signed with High Glory Footwear, a subsidiary of Taiwan-based Pou Chen Corporation, "the world's largest branded footwear manufacturer," in the presence of Chief Minister M K [...]
DGTR plans to hire agency to design, develop ARTIS web application
The Directorate General of Trade Remedies (DGTR), under the commerce ministry, is planning to hire an agency to design, develop, implement and maintain a web application for it. The directorate is an integrated single window system for providing comprehensive and swift trade defence mechanisms to industry in India. It has floated a Request for Proposal [...]
Chemical stock jumps up to 8% after winning a project worth ₹ 1,500 crores
Speciality chemical manufacturer Anupam Rasayan India’s shares gained 8.16% on Monday’s early trades to reach an intraday high of ₹ 1069.75 apiece on the National Stock Exchange (NSE) after the company won a huge project. Its shares were trading 7.07% higher at ₹ 1059.05 apiece at 12:28 PM. Anupam Rasayan manufactures custom synthesis and speciality [...]
Ashok Leyland bags order of 1,560 trucks from VRL Logistics
Commercial vehicle maker Ashok Leyland on Monday said it has received an order of 1,560 trucks from VRL Logistics Limited (VRL). This order is for AVTR 3120 and AVTR 4420 TT models of trucks, which have all the advanced features to bring more efficiency and profitability to VRL's expanding fleet, the company said. The company, [...]
Mid cap stock gains up to 9% amid weak market; Check the reason here
Shares of Tanla Platforms were in the green on Monday’s early trades in an otherwise weak market. Its shares climbed 9.12% to reach an intraday high of ₹ 682.45 apiece on the National Stock Exchange (NSE) after the company said that its board would consider and approve the financial statements and recommend final dividend, if [...]
Higher interest rate increases repayment amount, limits refinancing options for SME borrowers with loans against property: Moody’s
Moody's Investors Service on Monday said higher interest rates have increased repayment amounts and limited refinancing options for SME borrowers who have availed loans against property, heightening default risk for these loans. "Even if the RBI were to keep rates on hold from here, the repayment amounts will weigh on SME borrowers' capacities to repay [...]
WPI inflation eases to 29-month low of 1.34% in March
The wholesale price-based inflation eased to a 29-month low of 1.34 per cent in March on easing prices of manufactured products and fuel items, even though food articles turned costly. March is the 10th straight month when wholesale price index (WPI) based inflation has declined. The inflation was 3.85 per cent in February and 14.63 [...]
Fundamentally strong stock down by 10% after Q4 result; Analyst sees an upside of 30%
Infosys Ltd shares witnessed a deep fall in stock prices after the ADR effects in US markets past week. The stock is down around 11 percent today trading at a price of Rs 1,237. It hit the 52-week low mark today at Rs 1,185.30. In the last five trading sessions itself, the stock has dipped [...]
25 startups keen on signing MoUs with Centres of Excellence: TN govt
As many as 25 startups have evinced interest to sign memorandums of understandings with the Centres of Excellence that were inaugurated by Chief Minister M K Stalin, the Tamil Nadu government said on Sunday. The startups under the state government's 'Olir' (shine) initiative would be able to grow faster by utilising the state-of-the-art multi-sector Industry [...]
PSU banks set target for selling flagship govt insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) in FY24. Besides, they have also set goals for other financial inclusion schemes like Mudra Yojana and StandUp India Scheme. There are about 8.3 crore [...]
TCS to continue investments in R&D, technology, offices spaces despite ongoing volatilities
The country's largest IT services company TCS will continue investing in research and innovation, office spaces and technology infrastructure at the same pace even as it wades through near-term volatilities, a senior official has said. The company's promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.75 [...]
Sensex, Nifty tumble in early trade dragged down by IT counters; Infosys falls nearly 12%
Equity benchmark indices tumbled in early trade on Monday after nine days of rally, dragged down by index major Infosys, which fell nearly 12 per cent after lower-than-expected revenue growth guidance for FY24. Weak trends in other IT counters also pulled the benchmark lower. The 30-share BSE Sensex tanked 677.86 points to 59,753.14 in early [...]
Top stock picks: 9 Stocks to BUY now for an upside of up to 67%
The Nifty witnessed a 1000 points bounce in the past 15 sessions (5.9%) and the broader markets have done quite well too. In fact, the Nifty is only 6% away from its all-time high. The earnings season has begun. TCS and Infosys disappointed the street by missing analyst estimates. As far as the global scenario [...]
Stocks to Watch: 3 Multibagger stocks with a high Piotroski Score of up to 9
The Piotroski score is a score between zero and nine, that reflects nine criteria used to determine the strength of a company’s financial position, with nine being the best and zero being the worst. The score considers net income, return on assets, operating cash flow in the current year, gross margin, asset turnover ratio, dilution [...]
Small-cap stock at 52 week high as Sunil Singhania buys more stake in the company
Technocraft Industries (India) Ltd shares hiked more than 5 percent as of Thursday 13th Apr closing at a price of Rs 1,505.05. The stock, trading near its 52-week high figure of Rs 1,541.80, has gained around 10 percent in the last five trading sessions. It witnessed an intra-day high figure of Rs 1,528 representing an [...]
3 Stocks that pay Quarterly dividends; Are you holding any?
What is ‘Dividend’? Dividend refers to a reward, cash or otherwise, that companies give to their shareholders. It can be issued in various forms such as cash payments, stocks, or in any other form. Decisions pertaining to dividends are made by the board of directors of the company and require shareholder approval. Listed below are [...]
Weekly Recap: Aviation industry on recovery path, Q4 results and More details
Domestic benchmark indices started the truncated week on a positive note. The BSE Sensex opened at 59858.98 points and the Nifty at 17634.90 points. The markets remained closed on Friday on account of Ambedkar Jayanti. On Thursday, the markets closed for the week in the green, after extending their gaining streak to 9 days, the [...]
IHMCL inks pact with Nagarjunasagar-Srisailam Tiger Reserve to facilitate seamless entry process for vehicles
To facilitate a seamless entry process for vehicles into the forest area, Indian Highways Management Company Limited (IHMCL) has inked a pact with the Nagarjunasagar-Srisailam Tiger Reserve spread across Andhra Pradesh and Telangana, according to an official statement. IHMCL is a company incorporated by the National Highways Authority of India (NHAI) to carry out electronic [...]
Blackstone-backed Nexus Select Trust likely to launch retail REIT IPO in early May to raise Rs 4,000 cr
Global investment firm Blackstone-sponsored Nexus Select Trust is likely to launch India's first retail REIT public offer in early May to raise up to Rs 4,000 crore. In November last year, Nexus Select Trust filed the draft red herring prospectus (DRHP) with market regulator Sebi to launch its retail REIT (Real Estate Investment Trust). Nexus [...]
Funding constraints may hamper NBFCs’ loan growth this fiscal: Report
With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for the sector this fiscal, according to a report. Bank funding to NBFCs has grown rapidly to Rs 13.1 lakh crore in February 2023 from a low Rs 3.9 lakh crore [...]
New pricing norms cut earnings downside for gas producers: S&P
India's new gas pricing regime will offer greater downside protection for earnings of gas companies such as Oil and Natural Gas Corp (ONGC) and Oil India Ltd, S&P Ratings said on Friday. The new norms will not affect the pricing for gas produced from difficult fields that companies like Reliance Industries Ltd operate. Under the [...]
Disinvestment process of RINL is under progress: Steel Ministry
There is no freeze on the disinvestment process of RINL, the Steel Ministry clarified on Friday. Clarifying some media reports regarding the hold on the disinvestment process of the state-owned steel maker, the ministry, in a statement, said that the disinvestment process of RINL is in progress. "There is no freeze on the disinvestment process [...]
Infosys falls 9% in NYSE after announcement of Q4 results; Can it fall on Monday?
Infosys Limited closed in the red yesterday dipping more than 3 percent with a closing price of Rs 1,383.40. With such a fall in the prices, the stock has reached near to its 52-week low levels which were noted at a price of Rs 1,355. On 13th April, after market hours, the company announced the [...]
PTC India appoints 3 former IAS officers as independent directors
Power trading solutions provider PTC India has appointed three retired officers of the Indian Administrative Service (IAS) as independent directors of the company. The company has also appointed Mahendra Kumar Gupta as a nominee director of NHPC. In a statement, PTC India informed about the appointments of Rashmi Verma, Jayant Dasgupta and Narendra Kumar as [...]
Zee Music renews licensing agreement with YouTube, Meta
Zee Music Company, a division of media firm Zee Entertainment Enterprises Ltd (ZEEL), on Friday announced the renewal of its licensing agreement with YouTube and Meta, earlier known as Facebook. The deal with two of the world's largest digital content-streaming companies will allow them to access music content from Zee Music's catalogue of over 11,000 [...]
Nippon India Mutual Fund adds most folios in FY23; tally nears 2 crore on digital push, awareness
Growing awareness about mutual funds and the ease of transactions through digital push led Nippon India Mutual Fund's investor accounts to surge to nearly 2 crore at the end of the financial year 2022-23, making it the largest fund house in terms of folio count, its CEO Sundeep Sikka said. The fund house has seen [...]
How will this Tata Group stock benefit from Tata Technologies IPO?
The Tata Group has come up with an initial public offering (IPO) almost twenty years after its flagship company Tata Consultancy Services (TCS) debuted on the bourses in 2004. It is planning to list Tata Technologies, a unit of carmaker Tata Motors, according to draft papers submitted to the market regulator. Tata Technologies provides engineering [...]
Apple continuously expanding business operations in India: Goyal
US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said. He said that the electronics industry works like this as first they put a basic set up and then they keep sourcing [...]
India, Japan and France launch common platform for Sri Lankan debt restructuring programme
India, Japan and France have announced a common platform for talks among creditors to address the debt restructuring programme of Sri Lanka which is grappling with its worst economic crisis. The representatives of the three creditor countries, including Finance Minister Nirmala Sitharaman, held a press briefing on the margins of the annual spring meetings of [...]
NCLT grants 90 days extension to Future Retail for concluding insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. "... NCLT on April [...]
Dolly Khanna buys stake in this multibagger stock which delivered 142% returns in a year
Hunter Beer’s maker Som Distilleries And Breweries’ shares were in focus as ace investor Dolly Khanna bought a stake in the company. Its shares closed at ₹ 150.65 apiece on Thursday. Dolly Khanna is known for buying the shares of lesser-known small-cap and mid-cap companies. Her portfolio is managed by her husband Rajiv Khanna and [...]
Multibagger Penny stock hits 5% upper circuit after Porinju Veliyath invests in it
Edvenswa Enterprises Limited shares were locked in the 5 percent upper circuit yesterday at a price of Rs 54.99. In the last 5 trading sessions, the stock has rallied approximately 27 percent ranging from Rs 43.22 to the current price level. Such a movement in the stock price was noticed after Ace Investor Porinju Veliyath [...]
Tata Motors to hike prices of its passenger vehicles next month
Tata Motors on Friday said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement. This will be the second price hike by the company for [...]
India not to import butter, other dairy products; to tap domestic sector to improve supplies: Rupala
Union minister Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. "There is no truth in it (shortage of dairy products). No import will take place," Rupala, who is incharge of ministry of [...]
EV stock with more than 280% returns announces record date for stock split of 1:10
With a market capitalization of ₹ 513 crores, Goyal Aluminiums Ltd is a microcap stock. The company is engaged in diversified business activities including providing metal trading services, aluminium sheets and other aluminium products, cotton fabrics, printing machines, glass and so on. The company’s shares clocked a fresh 52-week high of ₹ 362.90 apiece on [...]
Rishi Sunak’s wife Akshata to earn Rs 68.17 cr dividend income from Infosys
Akshata Murty, the wife of Britain's Prime Minister Rishi Sunak, stands to earn Rs 68.17 crore in dividend income from her shareholding in India's second-largest IT firm Infosys. Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares of Infosys at the end of December, according to company filings with the stock exchanges. Infosys [...]
Mutual fund inflows rise 7% to Rs 40.05 lakh crore in FY23
Inflows into mutual funds grew almost 7 per cent to Rs 40.05 lakh crore in FY23 from Rs 37.70 lakh crore during trailing previous 12 months despite the muted performance of the broader market. According to the data released by the mutual funds body Amfi on Thursday, the industry's net AUM (Assets Under Management) rose [...]
Over 71% workers worried about potential layoffs due to market inflation: Report
More than 71 per cent of people surveyed are worried about potential layoffs due to market inflation, while 36 per cent believe over-hiring is the reason for attrition, a report said on Thursday. According to a report by HR solutions provider Genius Consultants, 30 per cent of the respondents said that cost-cutting is the reason [...]
Farmers will get compensation for crop damage in May: Haryana Agriculture Minister
Haryana Agriculture Minister J P Dalal on Thursday said that farmers will be given compensation in May for crop damage caused by recent unseasonal rains and hailstorms in various parts of the state. Targeting opposition parties, mainly Congress, he said they should stop misleading farmers and claimed that the BJP-led government was "pro-farmer" which always [...]
India’s exports up 6% to record $447 bn in 2022-23; overall shipment at all-time high of $770 bn
The country's exports rose by about 6 per cent to a record USD 447.46 billion during 2022-23 on account of healthy growth in the outbound shipments from sectors like petroleum, pharma and chemicals, according to the government data. Service exports grew by 26.8 per cent to an all-time high of USD 322.72 billion in 2022-23 [...]
Iranian minister pitches for joint manufacturing with India
Iran on Thursday pitched for joint manufacturing activities with India across industries, saying there are a lot of opportunities for the two countries. Iran's Deputy Foreign Minister for Economic Relation Mehdi Safari also sounded hopeful of an enhanced bilateral trade with India this year. "There are a lot of opportunities... (that) they have in the [...]
Modest downgrading of India’s growth due to slowness of domestic consumption, data revisions: IMF official
India’s growth rate has been modestly downgraded from 6.1 per cent to 5.9 per cent for the current fiscal mainly because of the slowness of domestic consumption and data revision, according to a top IMF official. The International Monetary Fund (IMF) on Tuesday lowered India’s economic growth projection for the current fiscal to 5.9 per [...]
Viacom18 completes transaction with Reliance, Bodhi Tree Systems and Paramount Global
Leading broadcaster Viacom18 on Thursday said it has completed the transaction for strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global. Following the approval of the scheme of merger of Reliance Storage Ltd with Viacom18 by the Mumbai bench of the National Company Law Tribunal, the broadcaster has allotted shares to Bodhi Tree Systems [...]
Sunak, Modi agree to expedite progress on India-UK FTA; Resolve ‘outstanding issues’: Downing Street
British Prime Minister Rishi Sunak spoke to Prime Minister Narendra Modi on Thursday and agreed to expedite progress to resolve "outstanding issues" in the India-UK free trade agreement (FTA) negotiations. The phone call came against the backdrop of a media report earlier this week that claimed that India had halted the FTA negotiations with the [...]
Pvt Equity inflow in real estate flat at USD 4.2 bn in FY23; NCR gets 32% of investment: Anarock
Private equity investment in real estate remained stable in the last fiscal at USD 4.2 billion, of which 22 per cent contribution came from domestic investors, according to Anarock. Delhi-NCR market received 32 per cent of the total investment, while office assets garnered 40 per cent of inflows. Foreign investors' contribution stood at more than [...]
Many Indian proposals well supported by G20 countries: FM Sitharaman
Many of India’s proposals have been well supported by the G20 bloc and there has been an active engagement, Union Finance Minister Nirmala Sitharaman said after a series of meetings with her counterparts from the influential grouping here. India assumed the year-long presidency of the G20 in December last year and aims to host a [...]
P-notes investment declines to Rs 88,398 cr in Feb
Investment in the Indian capital markets through participatory notes dropped to Rs 88,398 crore month-on-month in February amid higher valuation of domestic markets. This was the third consecutive monthly decline in the investment level. Before this, investment through the route had been on an increasing trend since July 2022 because of a slump in the [...]
Construction of national highways at 10,993 kms in 2022-23: MoRTH
The construction of national highways in 2022-23 was 10,993 kilometres, falling 13.70 per cent short of the government's target of 12,500 km, according to the Ministry of Road Transport and Highways (MoRTH) latest data. The ministry awarded highways of 12,375 km length in the last financial year. While the pace of the construction of national [...]
Govt plans to introduce bills to amend companies, insolvency laws in Parliament’s monsoon session
The government is planning to introduce bills to amend the companies and insolvency laws during the monsoon session of Parliament, a senior official said on Thursday. The session is likely to commence in late July or August. The corporate affairs ministry is implementing the Companies Act and the Insolvency and Bankruptcy Code (IBC). According to [...]
Vijay Kedia increases his stake by more than 5% in this stock; Check the details
Vijay Kedia is an Indian ace investor, philanthropist and entrepreneur, who is well known for his long-term investing strategy. He has amassed a profitable portfolio of companies and serves as a mentor to countless new entrepreneurs. He seeks organizations with strong fundamentals, excellent management and a promising future. Here are two companies in which the [...]
SAT reduces Sebi’s penalty on former Maars Software MD to Rs 10 lakh in GDR case
The Securities Appellate Tribunal (SAT) has slashed the penalty imposed on the former MD of Maars Software International to Rs 10 lakh from Rs 1 crore in a case related to manipulation in the issuance of global depository receipts. Maars Software International Ltd (MSIL) came out with a global depository receipts (GDRs) issue on August [...]
Infosys Q4 Results: Consolidated net profit rises 7.8% YoY
Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen [...]
Vedanta board approves plan to raise Rs 2,100 cr via NCDs
The committee of directors of mining giant Vedanta Ltd has approved a proposal to raise up to Rs 2,100 crore by issuing non-convertible debentures (NCDs). The proposal was approved on Thursday during a meeting of its Committee of Directors, Vedanta Ltd said in a regulatory filing. "Committee of Directors... on April 13, 2023, considered and [...]
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