Supreme Petrochem Ltd informed the exchanges that its board has fixed Friday, January 6th, 2023 as the record date for the purpose of sub-division/ split of its shares of the face value of ₹ 4 to ₹ 2 per share paid up.  Supreme Petrochem Ltd (SPL) is a leading petrochemical company engaged in the business [...]

The shares of Bandhan Bank gained 3.68% on Tuesday to reach an intraday high of ₹ 255.85 apiece on the Bombay Stock Exchange (BSE). This happened after the company informed the bourses that it has received the first tranche of money under the government’s Credit Guarantee Fund for Micro Units (CGFMU) amounting to Rs 916.61 [...]

The Indian equity benchmarks BSE Sensex and NSE Nifty50 opened in the green on Tuesday amid largely positive cues from global markets. Till the afternoon, the Nifty50 was trading 91 points or 0.49% higher at 18,588 levels while the BSE Sensex gained 337 points or 0.5% to trade at 62,477 levels.  Amid growing markets, here [...]

Som Distilleries and Breweries Ltd. approved a proposal to set up a new canning facility and expand its existing utilities at Bhopal with an investment of ₹ 100 crores. The board will fund the expansion plan with the help of funds raised through a rights issue. In addition, it will also  raise funds through the [...]

Benchmark equity indices were trading in red on Monday afternoon, amid weak global cues. The Nifty hovered near the 18,430 mark, down 0.33%. Similarly, the Sensex was at 61950 points, down 0.36%. Oil & gas, metal, and media shares witnessed buying demand, while IT, consumer durables and healthcare stocks saw selling pressure.  Meanwhile, foreign brokerage [...]

The government's focus on infrastructure spending and affordable housing has led investors to be optimistic about the cement sector in India. The country approaching the peak construction period that falls between January-March along with the ongoing festive season has led multiple cement stocks to rally.  Here are 3 cement stocks that have reached a new [...]

The shares of Yes Bank soared 13.80% during early trades on Friday to reach a fresh 52-week high of ₹ 20.50 apiece on the National Stock Exchange (NSE), in an otherwise weak market.  The Nifty Bank index reached its 52-week high of 43853.40 points. Yes Bank has outperformed the index by gaining 52.65% in the [...]

The shares of Triveni Engineering and Industries declined 6.36% on Thursday to reach an intraday low of ₹ 275.25. They were trading at ₹ 276.70 apiece at 02:31 PM on Thursday.  Around 20.73 million shares representing 8.58% of Triveni Engineering changed hands on the BSE. The names of the buyers and sellers were not known [...]

The shares of Cummins India Limited started the session on Thursday at a strong note as it reached a new 52-week high of Rs 1,471.25. The Global power solutions provider came to the limelight after the company in collaboration with Tecnimont Pvt ltd will help GAIL (India) set up a proton exchange membrane electrolyzer for [...]

The shares of Power Mech Projects Ltd surged to a record high of ₹ 2398.00 apiece on the BSE during early trades on Wednesday. The stock has outperformed the benchmark index this year (YTD) and has given multibagger returns.  Power Mech Projects is an engineering and construction company providing integrated services in the erection, testing [...]

Domestic benchmark indices extended gains into the third straight day as global markets bounced back. BSE Sensex surged 787 points, or 1.3% to end at 60,747, while broader NSE Nifty 50 shut shop at 18,011, up 225 points or 1.26%.  Amid the soaring markets, here are two stocks that have reached their 52-week high: Dabur [...]

The shares of Shriram Transport Finance Company gained more than 2 percent on Tuesday at Rs 1,321 levels. In the past six months, the shares have gained approximately 12 percent.  Recently the company, which is India’s largest financier of commercial vehicles merged with its other group company Shriram City Union Finance which is the largest [...]

Sugar stocks surged in the early hours of Tuesday after reports surfaced that the companies are likely to see a fall in production in the coming months. The marketing year for sugar companies is from October to September of the year.  The reports suggest that sugar production is likely to see a drop of as [...]

The shares of Adani Enterprises Limited, tumbled by more than 2 percent in the early hours of Monday. This came after several media reports surfaced that said the company has added more debt to its balance sheet.  As per the reports, Adani Airport Holdings, part of Adani Enterprises has increased its borrowing limit by Rs [...]

One 97 Communications (Paytm) zoomed 10.70% in the past five days, following a 60.77% plunge since January. Its shares were trading at ₹ 525.10 apiece at 11:40 AM on the National Stock Exchange (NSE). The company's management told analysts that it would become cash flow positive within the next 12 to 18 months.  It reiterated [...]

The shares of NMDC Limited were trading in green till Friday afternoon at Rs 120 levels. The stock is under the radar of investors after the government made announcements regarding a stake sale of the company.  The government has invited preliminary bids for the strategic sale of NMDC's Nagarnar Steel Plant. The last date for [...]

Oil and gas stocks inched higher on Friday's early trades as the Government of India (GoI) was mulling over a further reduction of the windfall tax on exports of locally produced oil and diesel.  Some of the gainers include Oil & Natural Gas Corporation Ltd (up 0.86%), Gujarat Gas Ltd (up 2.67%), Indian Oil Corporation [...]

The Indian benchmark indices rallied in the month of November after the bulls took charge. On the last day of the month, Nifty topped the 18,800 level, hitting a new record high of 18,816.05. While the BSE Sensex surged over 500 points to surpass the 63,300 level.  The indices continue to rise on the first [...]

The shares of Tamilnad Mercantile Bank (TMB) appreciated to the tune of 7.57% to reach a 52-week high of ₹ 548.50 apiece after the Reserve Bank of India (RBI) authorized it to undertake government business on its behalf. Its shares were trading at ₹ 528.15 (up 3.58%) at 11:51 AM on Thursday.  The private sector [...]

Gland Pharma has entered into a put option agreement to acquire a 100% of Cenexi Group for an equity value not exceeding Euro 120 million (Enterprise Value of Euro 230 million). Its shares were trading 4.17% lower at ₹ 1799.70 apiece at 12:19 PM on Wednesday.  The Cenexi Group is primarily a Contract Development & [...]

The shares of Britannia Industries Limited opened in green on Wednesday morning and moved marginally to reach its new 52-week high of Rs 4,337.30 in the early hours. In the past five days, the stock has gained approximately 3.6 percent.  Recently, the company announced that it has entered into a joint venture agreement with French [...]