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Solar stock hits 5% upper circuit after securing order worth ₹97 Cr for smart solar panels
The shares of renewable energy and infrastructure hit 5 percent upper circuit after the company secured a prestigious work order for the supply of 50 MWp high efficiency 595 Wp TOPCon technology smart solar panels for Rs 97.50 crore. With a market capitalization of Rs 665.13 crore, the shares of Aerpace Industries Ltd were trading [...]
Infra stock hits 5% upper circuit after receiving ₹302 Cr orders from Ceigall India for Bhubaneswar Metro
The shares of the leading infrastructure company hit 5 percent upper circuit after the company bagged significant work orders from Ceigall India Limited for Rs 302.82 crore. With a market capitalization of Rs 564 crore, the shares of IL&FS Engineering & Construction Co Ltd were trading at Rs 41.05 per share, increasing around 5 percent [...]
Pharma stocks to buy for 2025 with an upside of more than 20%; Do you hold any?
The pharmaceutical sector stands out as one of the most resilient and growth-oriented industries, especially when compared to other sectors. While global economic conditions can create volatility in various industries, the pharma sector consistently demonstrates strong performance due to the constant demand for healthcare and medical products. The global pharmaceutical market was valued at approximately [...]
6 Stocks to buy now for an upside of up to 52%; Are you holding it?
The Indian Benchmark Indices closed in green on Friday with the Sensex gaining around 226.59 points ending the week at 78,699.07 and the Nifty 50 index gaining around 63.20 points ending the week at 23,813.40. In the last five trading sessions, the Sensex declined by approximately 0.31 percent or 104.64 points while the Nifty 50 [...]
Stocks with 5 year profit and sales CAGR above 50% trading above 200 DMA
A company with a 5-year CAGR greater than 50 percent and a net profit margin of 30 percent indicates strong growth and profitability over time, making it an attractive investment. When such companies trade close to their 200-day moving average (MA), it signals a potential trend reversal or continuation. The 200-day MA is a widely [...]
Navratna stock with an order book of ₹84,400 Cr trading at 34% discount to keep on your radar
Shares of this Navratna Defence company, active in Project Management Consultancy, Engineering Procurement & Construction, and Real Estate, are currently trading at a 34 percent discount with an order book of Rs.84,400 crore. Recently, the company secured Rs.368 crore in orders from the Power Grid Corporation (PGC), Varanasi Development Authority, and IIT Roorkee, which contributed [...]
KPI Green and 2 other stocks that will turn ex-bonus next week; Are you holding any?
A bonus issue refers to the allocation of additional shares to existing shareholders at no extra cost, typically based on their current holdings. Companies utilize this method to reward shareholders, enhance liquidity, and reflect financial health, converting retained earnings into share capital instead of distributing cash dividends.. Here are the stocks that are issuing bonuses [...]
Semiconductor stock with revenue guidance of ₹9,000 Cr and capex of ₹4,800 Cr to add to your watchlist
Semiconductor stock which is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in focus following revenue guidance of Rs. 9,000 Crores and capex of Rs. 4,800 Crores. Price Action With a market capitalization of Rs. 45,217 Crores, the shares of Kaynes Technology India Limited closed at Rs. 7,063.95 per equity share, up 0.32 percent [...]
EMS stock with revenue guidance of ₹600 Cr from EV bike segment to keep on your radar
The consumer electronics sector in India is rapidly expanding, valued at USD 60 billion in 2023 and projected to reach USD 68 billion in 2024, marking a 13% growth rate. With smartphones leading the market and over 170 million units shipped in 2023, the sector is poised for significant advancements driven by technological innovation and [...]
Stock to buy: PSU Stock with high dividend yield that can deliver returns of more than 45%
According to the moneycontrol, India's coal sector remains a cornerstone of its energy landscape, achieving a production of 411.62 million tonnes (MT) by September 2024, marking a 5.85% growth from the previous year. Coal India Limited, the largest producer, contributed 311 MT, underscoring the sector's resilience amid challenges. With a market capitalization of Rs 2.34 [...]
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Rupee weakens 9 paise to trade at 76.15 against US dollar in opening session. PTI MKJ ANS ANS
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CCI suspends its approval given for Amazon-Future Coupons deal; imposes Rs 202 cr penalty on Amazon for certain contraventions. PTI RAM ABM ABM
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Cabinet approves PLI scheme to promote manufacturing of semiconductor and display board: I&B Minister Anurag Thakur. PTI MBI ANZ MR
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
GST revenues grow 15% to nearly Rs 1.50 lakh cr in Dec
The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance. This is the 10th month in a row that the revenues have remained above the Rs 1.4 lakh crore mark. The collection in [...]
Spring, not winter, for India’s robust tech ecosystem; Digital economy poised for strong 2023: Rajeev Chandrasekhar
India's digital prowess will grow in 2023 and over the next five years, driven by technology, start ups, semiconductors, electronics and computing, IT Minister Rajeev Chandrasekhar has said allaying any concerns over tech winter, and predicting spring for the country's booming innovation ecosystem. The comments by the IT minister are significant given the backdrop of [...]
Honda Cars India 2022 sales rise 7% to 95,022 units in domestic market
Honda Cars India Ltd on Sunday reported a 7 per cent increase in sales in the domestic market to 95,022 units in 2022. The company had sold 89,152 units in the domestic market in 2021, Honda Cars India Ltd (HCIL) said in a statement. Exports grew by 43 per cent at 23,428 units in 2022 [...]
Royal Enfield sales fall 7% to 68,400 units in Dec
Motorcycle maker Royal Enfield on Sunday reported a 7 per cent decline in total sales at 68,400 units in December 2022. The company had sold 73,739 units a year ago, Royal Enfield said in a statement. Domestic sales were down 8 per cent last month to 59,821 units compared to 65,187 units in December 2021. [...]
Engineering firm Texmaco executes Rs 64cr wagon export order for ArcelorMittal in Liberia
Texmaco Rail & Engineering is in the process of executing an export order of wagons worth Rs 64 crore for ArcelorMittal Liberia Ltd engaged in iron-ore mining in the West African country, an official said on Sunday. The Kolkata-based company had designed and manufactured 'Gondola' wagons, open-topped rail vehicles, for the first time for AML [...]
Top Stock Picks: 6 Stocks to BUY in 2023 that can deliver returns of up to 55%
We believe that value buying is the theme of 2023, with a focus on domestically oriented sectors and buying on dips. Fair valuation, steady earnings, and a robust demand scenario will be the cutting parameters." Geojit Financial services “The trend for the short term is likely to remain bullish as long as it remains above [...]
Stock Market Awards 2022 – And are the Winners!!!
The year 2022 has just ended. And like last year, Trade Brains is presenting Stock Market Awards 2022. Here are the winners of the Stock Market awards for this year: 1. Best Stock 2022 (People's Choice) The winner of the best stock 2022 prize is ITC. It gave a return of 51.60% in 2022. 2. [...]
Hero MotoCorp commences deliveries of VIDA V1 electric scooter
Hero MotoCorp on Friday said it has commenced customer deliveries of its first electric scooter VIDA V1. The first electric vehicle of the brand was delivered in Bengaluru. Deliveries in Jaipur and Delhi will follow, the company said in a statement. "Our vision with VIDA is to establish future oriented mobility trends that will benefit [...]
Property registrations rise 9% in Mumbai city during 2022 to 1.22 lakh units, highest in 10 yrs
Registration of properties in Mumbai city rose 9 per cent year-on-year during 2022 calendar year to nearly 1.22 lakh units -- highest in the last one decade -- on better demand, according to Knight Frank India. As per the data compiled by real estate consultant Knight Frank India, the registration of properties in Mumbai city [...]
Kalpataru international arms bag orders worth Rs 1,247 cr
Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, [...]
Religare Finvest signs settlement agreement with all its lenders for OTS
Debt-ridden Religare Finvest Ltd (RFL) on Friday said it has signed a settlement agreement with all its lenders for a one-time settlement, clearing the deck for the NBFC to exit from the Corrective Action Plan imposed by the RBI. Religare Enterprises, the parent company of RFL, has entered into an agreement in connection with the [...]
Fiscal deficit touches 59% of full-year target in November
The government's fiscal deficit at the end of November touched 59 per cent of the full year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday. In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 9,78,154 crore during the April-November period of [...]
Plan to open more branches across country: MD & CEO of TMB
Tamilnad Mercantile Bank Ltd (TMB) has drawn up plans to strengthen itself by opening up additional branches across the country in the near future, said a top official of the bank on Friday. The over-a-century old bank recently inaugurated its 510 and 511th branches here and in Salem respectively. "Upon being listed on the stock [...]
Sensex ends over 293 points lower on last trading day of 2022; Nifty declines 86 points
Benchmark BSE Sensex and NSE Nifty pared all intra-day gains to end the last trading day of the year on a bearish note due to fag-end selling amid early losses in the European markets. The 30-share BSE Sensex fell 293.14 points or 0.48 per cent to settle at 60,840.74 on Friday. During the day, it [...]
Reliance acquires controlling stake in this multibagger stock; Check the details
The shares of Lotus Chocolate Company Ltd were locked in an upper circuit of 5 percent at Rs 122.95 levels on Friday. In the last five days, the shares of the company have been hitting the upper circuit and have gained approximately 25 percent. The stock gained after Reliance Retail, the retail arm of Reliance [...]
Coal sector constructs 8 eco parks to promote mine tourism; 2 more to be completed by Mar 2023
In a bid to give a fillip to mine tourism, eight eco-parks have been constructed recently in different parts of the country and two more will be completed in the ongoing financial year, the government said on Friday. The said eco-parks are being developed on reclaimed land. Coal and mines minister Pralhad Joshi had inaugurated [...]
Dish TV AGM: Shareholders again reject resolution for adoption of FY21, FY22 financial statement
Shareholders of Dish TV have again rejected the proposal for the adoption of audited standalone and consolidated financial statements for FY21 and FY22 in the AGM held on Thursday. Earlier, the shareholders of the Direct-to-Home service provider had rejected the proposals to approve the balance sheet of the company for the last two fiscals in [...]
ADB grants USD 100 mn to Shriram Finance for vehicle loans to women entrepreneurs
Multilateral funding agency Asian Development Bank (ADB) has sanctioned USD 100 million (about Rs 830 crore) to Shriram Finance Limited (SFL) to provide vehicle loans to women entrepreneurs. The USD 100 million External Commercial Borrowing (ECB) is a five-year loan and is under SFL's Social Finance framework to provide credit towards the purchase of new [...]
Reliance seeks bids for sale of KG-D6 gas at rates linked to JKM
Reliance Industries Ltd and its partner bp plc of the UK have sought bids for the sale of natural gas from the eastern offshore KG-D6 block at a price linked to the rate at which LNG is delivered to Japan and Korea. The two partners invited bids for the sale of 6 million standard cubic [...]
Over 19,400 road accidents occurred due to loss of control by driver in 2021: Report
A total of 19,478 road accidents occurred in 2021 due to loss of control by the driver due to inappropriate speed, distraction or misjudging a curve, which claimed 9,150 lives while 19,077 people were injured, according to a report released by the Ministry of Road Transport and Highways (MoRTH). The report titled 'Road accidents in [...]
Adani group acquires NDTV founders Roys’ 27.26% equity stake
The Adani Group on Friday said it has acquired 27.26 per cent equity stake in NDTV from Prannoy Roy and his wife Radhika Roy -- founders of the news broadcaster. "RRPR, an indirect subsidiary of the company and member of the promoter/promoter group of NDTV, has acquired a 27.26 per cent equity stake in NDTV [...]
Commerce Ministry seeks cut in gold import duty in Budget to push jewellery exports
The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to push exports and manufacturing of the gems and jewellery sector, sources said. In July this year, the centre hiked gold import duty to 15 per cent from 10.75 per cent to check the current [...]
2 Insurance stocks jump more than 10% as Govt. plans common license for insurance business
The insurance sector in India got a boost recently after the finance ministry proposed amendments that would allow insurers to obtain a common license for all insurance businesses instead of multiple licenses that are currently required to sell insurance products. In addition to that, the government will now allow the distribution of other financial products [...]
Smallcap Auto stock jumps 13% to reach record high after acquiring DRAIPL
The shares of Craftsman Automation zoomed 13.87% to reach a record high of ₹ 3,710.95 apiece on the National Stock Exchange (NSE). Its shares were quoted at ₹ 3635.00 apiece at 12:31 PM on Friday. The engineering company informed the bourses that it has entered into a definitive agreement on 29th December 2022, to acquire [...]
Multibagger Bank stock hits upper circuit as it plans to raise ₹ 250 crores
The shares of Punjab and Sind Bank inched up by 4 percent in the early hours on Friday as the stock was trading at Rs 33.35 levels. The stock jumped ahead of the board meeting scheduled today i.e, December 28th, 2022 to consider a proposal for raising funds of up to Rs 250 Crore by [...]
FMCG stock jumps 25% in 5 days to reach a new high; Here’s why!
The shares of Bikaji Foods International escalated 25% in the past five days from ₹ 365.45 apiece to ₹ 466.80 to reach a new high on Friday’s early trades. Its shares hit the 5% upper circuit for five days in a row. Bikaji Foods is one of India’s largest fast-moving consumer goods ("FMCG") brands. Its [...]
Skipper gets orders worth Rs 2,570 cr from BSNL in Rajasthan, Odisha
Power company Skipper Limited on Friday said it has secured new orders worth Rs 2,570 crore from Bharat Sanchar Nigam Ltd (BSNL). The contract is for the supply and erection of ground-based telecom towers, infrastructure as a service provider (IaaSP) for supply, installation of infrastructure items and subsequent O&M (operations and maintenance). The projects are [...]
IRB Infrastructure Developers’ SPV raises Rs 700 crore
IRB Infrastructure Developers on Thursday said its special purpose vehicle -- Udaipur Tollway Limited -- has raised Rs 700 crore through issuance of redeemable non-convertible debentures on a private placement basis. According to a statement, the Special Purpose Vehicle (SPV) will use proceeds to refinance the existing project debts. "The NCD (Non-Convertible Debenture) proceeds from [...]
Elin Electronics makes muted market debut; shares decline nearly 5% post listing
Shares of electronics manufacturing services company Elin Electronics made a muted market debut on Friday, listing with a discount of nearly 2 per cent, against the issue price of Rs 247. The stock made its debut at Rs 243, a decline of 1.61 per cent against the issue price on the BSE. It later fell [...]
Sebi penalises 8 entities for manipulating stock price of Mangalam Industrial Fin
New Delhi, Dec 29 (PTI) Capital markets regulator Sebi on Thursday imposed a Rs 90 lakh penalty on eight entities for manipulating the share price of Mangalam Industrial Finance Ltd (MIFL). The regulator slapped a fine of Rs 15 lakh each on Rishabh Mahendra Shah and Pradeep Kumar Daga and Rs 10 lakh each on [...]
India Inc high on acquisitions in 2022; spotlight on cement, retail, pharma sectors
As India remained a bright spot in an otherwise gloomy global economic scenario, the country's corporate sector showed a good appetite for acquisitions in 2022, a year which also saw the downfall of some of its prominent leaders. Cement, retail, pharmaceuticals and quick commerce were the sectors that witnessed multi-crore deals as players sought to [...]
Sebi levies Rs 51 lakh on promoters of Apex Frozen Foods, 2 others for insider trading
Markets regulator Sebi on Thursday levied a Rs 51.14 lakh fine on the two promoters of Apex Frozen Foods Ltd (AFF) and two others for violation of insider trading rules. The regulator slapped a fine of Rs 11 lakh each on the two promoters -- Karuturi Subrahmanya Chowdary and Vallepalli Hanumantha Rao -- and P [...]
India’s external debt declines by USD 2.3 billion in Q2 FY23
India's external debt stood at USD 610.5 billion in the second quarter of 2022-23, down by USD 2.3 billion from end-June 2022, the finance ministry said on Thursday. The external debt to GDP ratio stood at 19.2 per cent as at end-September 2022 as compared to 19.3 per cent at end-June. "At end-September 2022, India's [...]
Reliance to acquire majority stake in Lotus Chocolate
Reliance Consumer Products Ltd, the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a controlling stake in Lotus Chocolate. Reliance Consumer Products Ltd (RCPL) has entered into an agreement with the promoters of Lotus Chocolate, which manufactures chocolates, cocoa products and cocoa derivatives. As part of the share purchase agreement, RCPL proposes [...]
Equity investors turn richer by Rs 16.36 lakh crore in 2022
Dalal Street investors became richer by more than Rs 16.36 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. Analysts attributed better macroeconomic fundamentals, the confidence of retail investors and foreign investors investing again in the domestic equities towards the latter half of 2022 as the [...]
GST revenue rises 24.5% in first 8 months of FY23: Punjab Finance Minister
Punjab Finance Minister Harpal Singh Cheema on Thursday said Goods and Services Tax (GST) collection has increased by 24.5 per cent year-on-year to Rs 11,967.76 crore in April-November this fiscal. Cheema said the total revenue from GST during the first eight months of 2021-22 was Rs 9,612.6 crore, whereas the total collection from April to [...]
Sensex, Nifty rise in early trade
Equity benchmarks Sensex and Nifty began the last trading day of this year on a positive note, helped by significant buying in metal and power stocks amid an overall firm trend in global equities. Continuing its previous day's rally, the 30-share BSE Sensex climbed 257.05 points to 61,390.93 in initial trade on Friday. The broader [...]
CRISIL upgrades Inox Wind’s ratings on long-term, short-term bank facilities
Inox Wind on Friday said that CRISIL has upgraded its ratings on the long-term and short-term bank facilities and has revised its outlook from stable to positive. CRISIL has upgraded its ratings from Crisil BBB to Crisil BBB+ (long-term rating), Crisil A3+ to Crisil A2 (short-term ratings) and outlook has been revised from stable to [...]
TCPL acquires 23% additional stake in South Africa-based Joekels
FMCG firm Tata Consumer Products Ltd (TCPL) on Thursday said it has acquired 23.3 per cent additional shares of South Africa-based Joekels Tea Packers for Rs 43.65 crore through a step-down subsidiary. Tata Consumer Products Overseas Holdings Ltd (TCP Overseas) -- a step-down wholly-owned subsidiary of the company through Tata Consumer Products UK Group -- [...]
Commissioning of Rs 300-cr rail link to facilitate coal evacuation in Odisha
Evacuation of coal from Talcher coalfields in Odisha’s Angul district is set to get a boost with the inauguration of the Rs 300-crore Angul-Balram rail link on Thursday. The project, inaugurated by Union Coal and Mines Minister Pralhad Joshi, in the presence of his cabinet colleagues Dharmendra Pradhan and Ashwini Vaishnaw, is likely to enable [...]
Indian economy presents a picture of resilience amid global shocks: RBI Governor
Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said on Thursday. In his foreword to the 26th Financial Stability Report (FSR), Das said the international economic order stands challenged and financial markets are [...]
4 Tata Group stocks that have given returns of up to 70% in 2022; Are you holding any?
The year 2022 saw a number of stocks deliver high returns to their investors. Not only did the stocks make a new high but also the benchmark indices crossed certain important levels. As we approach the year-end, here is a list of 4 stocks under the Tata group that rallied the most: Indian Hotels Company [...]
Gross NPA ratio falls to 7-year low of 5%: RBI
The RBI on Thursday said banks' gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised. In the 26th issue of the Financial Stability Report (FSR), the RBI also said the global economy is facing formidable headwinds with recessionary risks looming large. The interplay [...]
K’taka ushering in financial discipline by reducing fiscal deficit: CM Bommai
Karnataka Chief Minister Basavaraj Bommai on Thursday said the State government is bringing in fiscal discipline by restricting deficit to Rs 62,000 crore. The deficit of Rs 62,000 crore is only 2.82 per cent of the Gross State Domestic Product (GSDP), Bommai said adding that the Centre has permitted the fiscal deficit up to 3.5 [...]
Dish TV appoints Lalit Behari Singhal as independent director
Direct-to-Home operator Dish TV on Thursday said it has appointed former bureaucrat Lalit Behari Singhal as an independent director to its board. The company's board, at its meeting held on Thursday, "considered and appointed Lalit Behari Singhal, as an Independent Director of the company with effect from December 29, 2022, for a term of 5 [...]
CAD widens to 4.4% of GDP in Q2 due to higher trade deficit: RBI data
The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ended September, from 2.2 per cent GDP during the April-June period, due to higher trade gap, as per data released by the Reserve Bank on Thursday "India's current account balance recorded a deficit of USD 36.4 billion (4.4 per [...]
Survival Technologies files draft papers with Sebi to raise Rs 1,000 crore
Speciality chemical manufacturer Survival Technologies has filed preliminary papers with markets regulator Sebi to mop-up Rs 1,000 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to up to Rs 200 crore, and an Offer For Sale (OFS) aggregating to up to Rs 800 crore by its [...]
Ajit Kumar Saxena takes charge as MOIL CMD
State-owned MOIL on Thursday said Ajit Kumar Saxena has assumed charge as its Chairman-cum-Managing Director (CMD). MOIL Director (Human Resources) of the company Usha Singh was given the additional charge as CMD earlier after the retirement of MP Chaudhari on October 31, 2022. According to a regulatory filing, "Singh has ceased to be CMD (additional [...]
Stocks to BUY: 2 Fundamentally Strong Stocks that can deliver returns of more than 30%
Companies with strong fundamentals are vital when it comes to building a strong investment portfolio. These companies reward investors with handsome returns, and keep investments relatively safe, even during bad market conditions, as they have a robust underlying business. Developments in these companies often attract the attention of brokerage firms. Here are two fundamentally strong [...]
Multibagger stock announces record date for 4:1 bonus issue; Do you own it?
Rama Steel Tubes is a small-cap company with a market capitalization of ₹ 1,509 crores. It operates in the industrial sector and is one of India’s top producers of rigid PVC & GI pipes and steel pipes & tubes. Its shares closed at ₹ 171.70 apiece on Thursday. The company declared a 4:1 bonus issue [...]
Mandaviya bats for nano liquid urea; says it’s cheaper, better, saves govt subsidy
Minister for Chemicals and Fertilisers Mansukh Mandaviya on Thursday stressed on the need to promote nano liquid urea in place of conventional granular urea, saying that it is better, cheaper, convenient and will help the government in saving a huge amount of subsidy. In June 2021, cooperative IFFCO launched nano urea as an alternative to [...]
Transformers and Rectifiers secures orders worth Rs 123 cr
Transformers and Rectifiers (India) Ltd on Thursday said it has secured new orders worth Rs 123 from one of the central utilities. With the latest win, the company's order book now stands at Rs 1,513 crore, it said in a regulatory filing. "Transformers and Rectifiers (India) has been awarded orders of transformers for a total [...]
Sensex rebounds on fag-end buying; Airtel, banking stocks spurt
Equity benchmarks closed in the positive territory after trading lower for most part of the session on Thursday on fag-end buying in telecom, banking and metal stocks amid expiry of monthly derivative contracts. The 30-share BSE Sensex climbed 223.60 points or 0.37 per cent to settle at 61,133.88. During the day, it had declined 431.22 [...]
2 Multibagger sugar stocks rally up to 10% after Govt announces high incentives for Ethanol Production
The Sugar stocks continued to rise on Thursday after the government announced high incentives for the company. On December 26th, the Ministry of Consumer Affairs announced a 100 percent incentive on sugar sacrificed for producing ethanol from B-heavy molasses, sugarcane juice, and syrup. On the sweet news, here are two multibagger sugar stocks that rallied [...]
5G stock to list its subsidiary; Sharekhan sees a 25% upside
The shares of Bharti Airtel Limited remained in focus on Thursday as the company announced high investments for its 5G service rollout along with its plan to list its payments business. The Indian telecom operator announced that it is making a strategic plan to invest Rs 27,000-28,000 crore in telecom networks with a focus on [...]
NTECL pays Rs 100.11 cr interim dividend to NTPC
NTPC Tamil Nadu Energy Company Limited (NTECL) has paid an interim dividend of over Rs 100.11 crore to NTPC for 2022-23. NTPC Tamil Nadu Energy Company Limited is a 50:50 joint venture of NTPC Limited and Tamil Nadu Generation and Distribution Corporation (TANGEDCO). "NTECL paid second interim dividend of Rs 100,11,68,090 for the year 2022-23 [...]
Retail industry: Consolidation wave likely to continue in 2023 amid Covid clouds
The wave of consolidation is likely to hit the shores of the country's fast-growing retail industry next year also as larger players seek to strengthen their footprints, leverage technologies to improve efficiency and expand beyond metros. While the growth prospects are promising, the industry is entering 2023 with "cautious optimism" amid inflationary headwinds and concerns [...]
PSU Banks vaulted this year to give multibagger returns; is there a halt or more juice left for 2023?
PSUs staged a comeback after a decade of underwhelming performance, driven by the spectacular rally in PSU banks this year. The 13-stock Nifty PSU Bank index climbed a whopping 66.27% on a year-to-date basis, making it one of the best-performing sectoral indices this year. In fact, the surge led the Nifty PSE (Public Sector Enterprises) [...]
Bajaj Markets Witnesses 154% YoY Growth for Loan Disbursals in Nov’22
Nov’22 disbursements grew by 54% year on year • The total disbursals of 30,194 in Nov’22 vs 11,868 in Nov’21 resulted in 154% growth Bajaj Markets, a subsidiary of Bajaj Finserv announced that they have recorded a disbursement of Rs 402 Crores in Nov’22, delivering a 54% year-on-year (YoY) growth. The total disbursals of 30,194 [...]
Oxygen stock hits upper circuit for 10 days straight and delivers 43% returns as Covid-19 cases rise
The shares of Bhagawati Oxygen were locked in an upper circuit of 5 percent at Rs 50.45 levels in the early trading hours on Thursday. In the last five trading sessions, the stock has hit the upper circuit of 5 percent consecutively and gained approximately 22 percent. The covid 19 cases in India and across [...]
Banks likely to remain on profitable path in New Year too with robust credit growth
Public sector banks appear to be out of the woods as they managed to reduce their bad loans and post record profits this fiscal, a trend which is likely to continue in 2023 also. Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability [...]
New tractor emission standard to impact 7-8% of domestic volume: ICRA
The new emission standard, Bharat Stage TREM IV, for tractors of engine power of over 50 horse power set to kick in from January 2023, will impact around 7-8 per cent of the domestic volume and manufacturers are expected to gradually pass the cost increases to customers, according to ratings agency ICRA. A big proportion [...]
Multibagger Penny stock hits upper circuit as it plans to enter Renewable Energy Segment
The shares of Gautam Gems Ltd surged 4.97% on Thursday’s early trades. They got locked at an upper circuit at 20.50 apiece. In fact, they hit the upper circuit for three days in a row. 5,45,651 shares worth ₹ 1.12 crore changed hands on Thursday. Gautam Gems is a Surat Based company and is an [...]
Claims against Dr Reddy’s over Revlimid in US dismissed
Dr Reddy's Laboratories on Thursday said all claims against it in the antitrust litigation filed in the US, related to a prescription medicine Revlimid, used in treatment of multiple myeloma have been dismissed. In a regulatory filing, the company said on December 22, 2022 and December 27, 2022, the plaintiffs voluntarily dismissed Dr Reddy's Laboratories [...]
Post pandemic pent-up demand surge, realty space may face global headwinds in 2023
A surge in post-pandemic pent-up demand helped India's property market overcome risks from rising interest rates this year but the dream run might face hurdles from global headwinds in 2023. Any moderation in growth will mark a premature end to what industry watchers believe to be the start of a "long-term upcycle" in the Indian [...]
Mattress maker Sheela Foam in talks to acquire Kurlon
Sheela Foam Ltd, the maker of popular mattress brand Sleepwell, is in advance talks with rival Kurlon to acquire its business, according to industry sources. If it goes through, the deal will help Sheela Foam, a market leader in the fast-growing branded mattress category, to expand its business in South, West and other markets where [...]
KFin Technologies shares make tepid market debut; list on flat note
Shares of KFin Technologies made a muted market debut on Thursday and listed on a flat note. The stock made its debut at Rs 369, higher by just 0.81 per cent, against the issue price of Rs 366 on the BSE. It later hit a high of Rs 369.40 and a low of Rs 352.65. [...]
India aims to double auto industry size to Rs 15 lakh cr by 2024 end: Gadkari
India is aiming to double the size of its automobile industry to Rs 15 lakh crore by the end of 2024, making it one of the world's top countries in this sector, Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday. Gadkari also said that his ministry will carry out project works worth [...]
JK Lakshmi Cement ties-up with GreenLine Logistics to roll out first LNG fleet in India
JK Lakshmi Cement has tied up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks for transporting cement. "With this association, GreenLine will enable JK Lakshmi Cement to decarbonise its road logistics operations in a phased manner over the next few years," the company said in [...]
Sebi imposes Rs 75 lakh fine on ICCL, NCL in Karvy Stock Broking case
Capital markets regulator Sebi on Wednesday levied a fine totalling Rs 75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp Ltd (NCL) for violating norms in the matter of Karvy Stock Broking Ltd (KSBL). In two separate orders, the regulator slapped a fine of Rs 50 lakh on ICCL and Rs 25 [...]
IOC embarks on intensified TB Elimination Project in UP, Chhattisgarh
State-owned Indian Oil Corporation (IOC) on Wednesday said it has signed a memorandum of understanding (MoU) to collaborate with state authorities in fighting the menace of Tuberculosis in Uttar Pradesh and Chhatisgarh. The MoU was signed with the Central TB Division (CTD) under the Ministry of Health and Family Welfare (MoH&FW), and Uttar Pradesh and [...]
Airtel plans Rs 27,000-28,000 cr capex for network, no premium pricing for 5G
Telecom operator Bharti Airtel has plans to invest Rs 27,000-28,000 crore in telecom network with a focus on 5G rollout, a company official said on Wednesday. While the company is planning to increase capital expenditure by 10-15 per cent, it has no plans to charge a premium rate for 5G services as it has not [...]
Tata Power Renewable Energy to set up 255 MW hybrid project in Karnataka
Tata Power Renewable Energy Limited has received a Letter of Award (LoA) from Tata Power-DDL for setting up a 225 MW hybrid power project in Karnataka. According to a statement, the project will be commissioned within 24 months from the signing of the Power Purchase Agreement (PPA). The power generated from the project will be [...]
3 Multibagger Small-Cap Stocks That Tripled Investor’s Wealth; Are you holding any?
The Indian markets took a breather, after gaining for two days in a row. They opened lower tracking negative global cues, to shift between gains and losses amid volatility. They ended slightly in the red on Wednesday’s closing bell. The Sensex finished at 60,910.28 points, down 0.028% and the Nifty settled at 18,122.50 points, down [...]
Top 4 Sectors to look out for in 2023
The year 2022 has been a roller coaster ride for the Indian stock market. The year started on a strong foot but couldn't hold the momentum as the global markets were affected by the declaration of war by Russia against Ukraine. In addition to that, fears of a recession in the US and a constant [...]
Swan Energy Increased Its Stake By 4.14% In This Multibagger Stock, Again!
Swan Energy Limited has bought shares of Veritas (India) Ltd, a small-cap company. The shares of Veritas gained 1.99% and are currently locked at an upper circuit. Meanwhile, Swan Energy closed 3.18% higher at ₹ 289.00 apiece. According to the Block Deals data available on the Bombay Stock Exchange (BSE), Swan Energy bought 11,10,000 shares [...]
UCO Bank to raise up to Rs 1,000 cr by issuing bonds
State-owned UCO Bank on Wednesday said it is planning to raise up to Rs 1,000 crore by issuing debt securities. The bank's board will consider the proposal for raising tier I capital in the form of additional tier I bonds in one or more tranches aggregating to Rs 1,000 crore, UCO Bank said in a [...]
Adani Transmission incorporate arm for smart meter business
Adani Transmission has formed a subsidiary, BEST Smart Metering Ltd (BSML), to undertake the smart meter business. BSML is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 27th December 2022 and is yet to commence its business operations, a BSE filing stated. "Company has incorporated a wholly-owned subsidiary company [...]
Miniratna Railway stock hits 5% upper circuit after securing ₹1,545 crore contract
The shares of Rail Vikas Nigam Ltd (RVNL) jumped 4.96% on Wednesday’s early Trades. Its shares were locked in an upper circuit at ₹ 66.70 apiece. The company announced that it has been appointed as the project implementation agency for the UTF Harbor Project in Maldives by the Ministry of External Affairs. The company in [...]
Agrochemical stock jumps more than 10% after its subsidiary gets environmental clearance from Govt.
The shares of India Pesticides Limited opened at Rs 248.95 on Wednesday and gained as much as 10 percent till the afternoon to trade at Rs 264 levels. The shares surged after the government granted environmental clearance to the proposed project activity. As per the BSE Filing, Shalvis Specialities Limited (“SSL”), a wholly-owned subsidiary of [...]
Multibagger stock jumps 17% to reach its new high; delivered 157% return in 8 months
The shares of Hariom Pipe Industries gained 17.67% to reach a fresh 52-week high (record high) of ₹ 403.55 apiece on the National Stock Exchange (NSE). Its shares were trading at 392.45 apiece at 12:24 PM on Wednesday. The company in a stock exchange filing said that it had entered into an asset transfer agreement [...]
Small cap stock hits an upper circuit of 5% after board approves Rights issue
The shares of Indowind Energy Limited were locked in an upper circuit of 5 percent at Rs 15.25 on Wednesday’s trading session. The stock gained after the board of the company approved the right issue of shares. As per the meeting held on December 27th, 2022, the board of the company has approved the Rights [...]
Appliances, consumer electronics industry aim double-digit growth, production capacity expansion in 2023
Bolstered by premiumisation trends, pent-up demand and policy initiatives, the country's appliances and consumer electronics sector expects to continue on the double-digit growth trajectory in 2023, as companies seek to expand capacity and roll out new-age smart products. Learning the hard way in the wake of the global supply chain disruptions caused by the coronavirus [...]
Punjab & Sind Bank board to consider fundraise of Rs 250cr on Dec 30
City-based Punjab & Sind Bank on Tuesday said its board will meet on December 30 to consider a proposal for raising up to Rs 250 crore by various modes, including equity and bonds issuance, the bank said on Tuesday. The bank said it plans to raise capital up to an amount and aggregating to Rs [...]
Markets quote lower in early trade after two days of rally
Equity benchmarks declined in initial trade on Wednesday after rallying in the past two days amid mixed trends in global markets and foreign fund outflows. The 30-share BSE Sensex declined 213.66 points to 60,713.77. The broader NSE Nifty dipped 63.95 points to 18,068.35. From the Sensex pack, Infosys, Bajaj Finserv, Tata Consultancy Services, HCL Technologies, [...]
3 Multibagger IPOs that have given more than 100% returns in 2022
India is named one of the best-performing stock markets this year, defying concerns about rising interest rates and economic slowdown that bothered its peers. The BSE Sensex is up 2.95% and the NSE Nifty 50 is up 2.87% year to date (YTD), while the MSCI All-Country World Index fell 20%. The crucial happenings in the [...]
Amit Garg takes over as Director (Marketing) of HPCL
Amit Garg has taken over as the new Director (Marketing) of Hindustan Petroleum Corporation Limited (HPCL), the company said on Tuesday. Prior to this, he was Executive Director (Aviation) in Bharat Petroleum Corporation Ltd (BPCL). "Garg is a Post Graduate in Electronics & Management," HPCL said in a statement. He is "a senior leader in [...]
Xiaomi 5G smartphones dial into Jio’s True 5G network
Xiaomi India on Tuesday announced its partnership with Reliance Jio to offer the telco's 'True 5G' experience to its consumers. Smartphone models supporting the Standalone (SA) network have received a software update to work seamlessly on Reliance Jio’s network, according to a statement. The enabled devices include Mi 11 Ultra 5G, Xiaomi 12 Pro 5G, [...]
Indowind Energy to allot 3.58 cr shares worth Rs 43 cr under rights issue
Indowind Energy board on Tuesday approved a rights issue of 3.58 crore equity shares for Rs 43.07 crore. The right issue will be opened on January 27, 2023, and will be closed on February 10, 2023, a BSE filing showed. The board meeting held today, i.e. December 27, 2022, has inter alia considered and approved [...]
5 Stocks that paid highest amount of dividend in 2022; Are you holding any?
Investors in the stock market prefer dividend stocks as it not only helps them achieve returns in the form of value appreciation but also in the form of dividends, which acts as a passive and consistent source of income. As we are in the last week of the year, here is a list of the [...]
Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report
The total liabilities of the government increased to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore at the end of June this fiscal year, according to the latest data on public debt. In percentage terms, it reflects a quarter-on-quarter increase of 1 per cent in second quarter of 2022-23. Public debt accounted [...]
IEX forms subsidiary explore business opportunities in carbon market
Indian Energy Exchange (IEX) on Tuesday announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunity in the voluntary carbon market. The ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable platform and facilitate reduction of global GHG (green [...]
RFL on track to restart its biz; most lenders approve Rs 2,300 cr OTS plan
Debt-ridden Religare Finvest Ltd (RFL) is hopeful of restarting its business operation in the New Year following the company's proposal of Rs 2,300 crore One Time Settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed by the Reserve [...]
Max Healthcare partners with genomics biotech firm Anuva
Max Healthcare on Tuesday said it has entered into a partnership with genomics biotech firm Anuva to conduct genomic-based research on various communicable and non-communicable diseases in India. The two partners have signed a Memorandum of Understanding (MoU) for a five-year engagement, Max Healthcare said in a statement. The objective of the research will be [...]
Multibagger stock jumps 10% as the board announces Rights Issue
Share India Securities Ltd, an NSE-listed company saw its shares gain as much as 10 percent in the early hours of Tuesday to trade at Rs 1,276 levels. The scrip rallied after the board of the company approved the Rights Issue of shares. At the meeting held on December 26th, 2022 the board approved the [...]
Tata stock trading near 52-week low; Analysts see potential in it
The shares of Tata Motors Limited gained more than 2 percent on Tuesdays and were trading at Rs 394 levels till the afternoon. The stocks gained after the company announced that it has signed an agreement for the supply of Electric Vehicles (EVs). Delhi Transport Corporation (DTC) has signed a definitive agreement with TML CV [...]
Fluoropolymers Business Is In A Sweet Spot; ICICI Securities Sees A 42% Upside In This Stock
The shares of Gujarat Fluorochemicals Limited (GFL) were trading at ₹ 3001.00 apiece at 12:35 PM on Tuesday. The company’s share price has corrected by 15.58% in the past month, however, it has increased by 21.17% on a year-to-date (YTD) basis. Brokerage and research firm ICICI Securities in its research report dated December 26, 2022, [...]
Multibagger fertiliser stock jumps 10% today delivers 106% in a month
The shares of Fertilisers & Chemicals Travancore Ltd gained for the second day in a row. They surged 9.99% on Tuesday’s early trades and were quoting at ₹ 294.00 apiece at 11:15 AM. More than 42 lakh shares changed hands on the National Stock Exchange (NSE). Fertilisers & Chemicals Travancore Ltd is under the administrative [...]
FMCG industry hopes to recover lost volume, margins in 2023; to shrug off shrinkflation
Shrinkflation or reducing the size or quantity of a product while keeping the price unchanged was a little-known term in India but a surge in raw material costs following the war in Ukraine pushed several FMCG companies to resort to such a practice to ensure there is no impact on the fragile recovery in demand. [...]
Radiant Cash Management Services IPO subscribed 11% on day two
The initial public offer of Radiant Cash Management Services was subscribed 11 per cent on the second day of subscription on Monday. The initial share-sale received bids for 29,76,450 shares against 2,74,29,925 shares on offer, as per NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 16 per cent, while the portion [...]
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