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Stock under ₹30 jumps 6% after company’s board sets record date for 1:2 stock split
The shares of this construction company gained up to 6 percent in the morning trading session after the company’s board fixed the record date for the purpose of a stock split in the ratio of 1:2. With a market capitalization of Rs 58.22 crore, the shares of Julien Agro Infratech Ltd were trading at Rs [...]
Stock jumps 10% after receiving order worth ₹33 Cr from Gujarat Energy Transmission Corp.
The shares of this electrical equipment manufacturer gained up to 10 percent after the company received a prestigious work order from M/s. Gujarat Energy Transmission Corporation Limited, Vadodara for Rs 32.89 crore. With a market capitalization of Rs 180.97 crore, the shares of Jyoti Ltd were trading at Rs 105.65 per share, increasing around 9 [...]
EV stock jumps 4% after its subsidiary signed MoU with Hyundai Motor and Kia for EV batteries
The shares of the leading battery manufacturer gained up to 4 percent after the company’s subsidiary signed a memorandum of understanding to supply battery cells for EVs. With a market capitalization of Rs 37,451.00 crore, the shares of Exide Industries Ltd were trading at Rs 440.60 per share, increasing around 0.15 per share as compared [...]
IT stock jumps after company’s board sets record date for 1:1 bonus share
In India, Business Process Management (BPM) companies such as Tata Consultancy Services (TCS), Wipro, Cognizant, and Genpact are key players. These companies have been instrumental in driving outsourcing and automation solutions, offering services across various industries. With India's large talent pool, the BPM sector has seen substantial growth, particularly in IT services, customer support, and [...]
Solar stock hits 5% upper circuit after receiving $720,626 order from Zambia for solar rooftop
The shares of the solar product and service provider hit a 5 percent upper circuit after the company received its first international Rooftop order from Kitwe, Zambia for $720,626.00. With a market capitalization of Rs 852.78 crore, the shares of Zodiac Energy Ltd were trading at Rs 564.90 per share, increasing around 5 percent as [...]
Power stock jumps 3% after receiving ₹400 Cr order from Sterlite Grid 32 for transmission project
The shares of the leading player in power transmission company gained up to 4 percent after the company bagged a prestigious order from Sterlite Grid 32 Limited for Rs 400 crore. With a market capitalization of Rs 55,459.68 crore, the shares of GE Vernova T&D India Ltd were trading at Rs 2,166.00 per share, increasing [...]
Telecom stock with capex plan of ₹55,000 Cr for business expansion
India's telecom sector is the second largest globally, boasting over 1.19 billion subscribers as of September 2024. With a staggering teledensity of 85.69%, it supports a robust digital economy and contributes approximately ₹3.36 trillion (US$40 billion) in revenue for the fiscal year 2024. With a market capitalization of Rs 53,599.16 crore, the shares of Vodafone [...]
PSU stocks that will turn ex-bonus and split in December; Do you own any?
Corporate action is when a publicly listed corporation makes substantial changes that affect its shareholders and financial structure. Actions that impact a company's securities include dividends, stock splits, mergers, acquisitions, rights issues, and other related events. Shareholders may experience changes in ownership, stock value, or entitlements following corporate activities. Here are the PSU stocks that [...]
Stock jumps 10% after receiving international orders worth ₹98 Cr for Evaporator
The shares of industrial products manufacturers gained up to 10 percent after the company bagged prestigious purchase orders from the International Entity for Rs 98 crore. With a market capitalization of Rs 596.83 crore, the shares of Mazda Ltd closed at Rs 1,490.20 per share, increased around 6.23 percent as compared to the previous closing [...]
Stock jumps 4% after receiving buy call for an upside of 30%; Are you holding it?
The space, defense, nuclear, and clean energy sectors in India show strong growth potential. The space industry, led by ISRO and private firms like Skyroot Aerospace, is expanding with satellite launches, space tourism, and interplanetary missions. India’s defense sector, with companies like HAL, Bharat Dynamics, and L&T, is set for growth as defense modernization and [...]
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Recent reduction in taxes on petrol, diesel prices should support consumption demand, says RBI Governor Das. PTI DP NKD ANZ DP ANS ANS
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Crude oil prices softening in November would alleviate domestic cost push build up: RBI Governor Das. PTI DP NKD ANZ DP ANS ANS
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Indian economy hauled itself out of its deepest contraction; we are better prepared to deal with COVID-19: RBI Governor Das. PTI DP NKD ANZ ANS ANS
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Top Editor’s Pick
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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
Multibagger stock with 340% returns YTD sets record date for stock split as 21 Oct
The shares of Axita Cotton Limited were trading marginally higher at Rs 374 levels on Tuesday morning. In the past month, the stock has zoomed by approximately 22 percent. On a Year to Date (YTD) basis, the stock has delivered a multibagger return of 342 percent to its investors. Axita Cotton Limited is engaged in [...]
LTTS Q2 Results: Consolidated net profit grows 23% to Rs 282 cr
IT company L&T Technology Services on Tuesday posted a 22.7 per cent growth in consolidated net profit to Rs 282.4 crore for the second quarter ended September 2022. The company had reported a net profit of Rs 230 crore in the same period a year ago. The consolidated revenue from operations of L&T Technology Services [...]
Corporate funding in global solar sector falls 18% to USD 18.7 bn: Mercom Capital
Corporate funding in the global solar sector declined by 18 per cent year-on-year to USD 18.7 billion in January-September 2022, according to a Mercom Capital report. Corporate funding includes venture capital and private equity (VC), debt financing, and public market financing. "Total corporate funding in 9M 2022 (first nine months) stood at USD 18.7 billion, [...]
Rekha Rakesh Jhunjhunwala increases her stake in this Tata Group stock; Do you own it?
Tata Communications was trading in the green on both exchanges ahead of their Q2 result. Its shares were trading at ₹ 1,234.70 apiece at 03:03 PM on Tuesday. The company’s results in the previous quarter were strong, however, it is facing headwinds like supply chain issues and OEM lead time issues. The stock is in [...]
Air India aims 30% international mkt share in 5 years: CEO
Air India chief Campbell Wilson on Tuesday said the airline aims to have 30 per cent share in both domestic and international markets in the next five years. Currently, the loss-making carrier, which was taken over by Tata group in January, has put in place the revival plan 'Vihaan.AI'. Air India aims to have 30 [...]
Zee Entertainment to be the biggest media group in India after merger
The shares of Zee Entertainment Enterprises Limited were trading 3.5 per cent higher at Rs 273 levels on Tuesday afternoon. The stock has remained volatile in the last month and has inched marginally by 2.3 per cent. Recently, the shareholders of the media company have approved the proposed merger of their business with its peer [...]
Markets rally for 3rd day amid firm global trends
Equity benchmark indices rallied for the third day in a row on Tuesday amid firm global market trends and buying in index major Reliance Industries. The 30-share BSE Sensex jumped 549.62 points or 0.94 per cent to settle at 58,960.60. During the day, it zoomed 732.68 points or 1.25 per cent to 59,143.66. Similarly, the [...]
Multibagger edible oil stock with 122% returns this year hits upper circuit of 20%
Indian benchmark indices opened higher on Tuesday tracking strong global cues and amid falling crude oil prices. The NSE Nifty50 climbed more than 150 points to trade above 17,450 levels while the BSE Sensex surged more than 500 points to trade at 58,930 levels. Gokul Agro Resources Limited is a company that manufactures a variety [...]
Ambuja Cements allots 47.74 cr warrants to Adani family firm; raises Rs 5,000 crore
Ambuja Cements Ltd on Tuesday said it has issued 47.74 crore warrants to Adani family firm Harmonia Trade and Investment and raised Rs 5,000 crore. Ambuja Cement, now a part of Adani Cement, has issued 47.74 crore warrants at a price band of Rs 418.87, said a regulatory filing by the company. As per the [...]
5G, telecom jobs in India see 33.7% growth in last 12 months: Report
Job postings for 5G and telecommunications have witnessed significant uptick in the last 12 months, as enterprises are looking at 5G adoption at an accelerated pace, says a report. According to global job site Indeed, job postings for telecommunications and 5G have increased by 33.7 per cent between September 2021 and September 2022. "5G rollout [...]
Fundamentally strong auto stock at 52-week low; Analysts see a 41% upside
The shares of Samvardhana Motherson International Limited tanked by 8 per cent till the afternoon on Tuesday and were trading at its 52-week low of Rs 63.30. In the last five days, the shares have declined by 12 per cent. In the span of a month, the stock has shed approximately 22 per cent and [...]
Multibagger Penny stock with more than 300% returns to trade Ex-bonus tomorrow
The shares of U H Zaveri Limited opened at Rs 62.50, its new 52-week high. However, the stock price declined by 4.5 per cent to trade at Rs 56.15 till 11.45 on Tuesday. U.H.Zaveri Limited is a Jewellery company. The company is engaged in both wholesale trading of jewellery and Retail trading of jewellery. The [...]
4 Smallcap stocks in which mutual funds hold more than 30% stake; Do you own any?
Mutual fund managers do extensive research and apply various strategies to pick stocks. In general, they prefer companies with a good financial record, good management, scalability of the business and whose stocks are available at attractive valuations. Small-cap stocks are risky to invest in, however, if chosen well, they can provide very good returns in [...]
Suzlon bags order to supply wind turbines totalling 48.3 MW to Adani Green Energy
Suzlon on Tuesday said it has bagged an order to supply 23 wind turbines totalling 48.3 MW from Adani Green Energy. Suzlon will install 23 units of their wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each, a company statement said. The project is located [...]
Mercedes Benz India records Rs 441.4 cr PAT in FY23
Luxury carmaker Mercedes-Benz India recorded a profit after tax of Rs 441.4 crore in the fiscal ended March 31, 2022, after two years of losses, according to financial data accessed by business intelligence platform Tofler. The company, which is not a publicly listed entity, had posted a loss after tax of Rs 107.1 crore and [...]
Multibagger stock that hit 53 upper circuits in a row has announced a stock split
The shares of Confidence Futuristic Energetech Ltd were locked at ₹ 419.80 apiece, in a 5% upper circuit on Monday. In fact, the shares hit the upper circuit for 53 trading sessions in a row. Confidence Futuristic Energetech Ltd is an Indian company that manufactures and sells blast-proof, translucent and lightweight composite cylinders to both [...]
Top Stock Picks: 4 Stocks to BUY that can deliver up to 70% returns
Amid a volatile session on Monday, the Indian equity markets wiped off initial losses and entered the green as gains across index heavyweights like HDFC twins, SBI, ICICI Bank, Infosys, TCS, HUL, Bajaj twins, and Asian Paints uplifted the indices. The corporate earnings season has already begun and investors await financial results from India Inc [...]
2 Bank Stocks in which analysts remain bullish after their Q2 results
With the earnings season rolling in, Indian companies have started reporting their performance in the June to September (Q2) period of FY22. Here are two bank stocks on which analysts remain bullish and see an upside of up to 40 per cent after their Q2 results: Federal Bank Limited The shares of the bank zoomed [...]
ACC Q2 Results: Consolidated net loss at Rs 87 cr
Cement maker ACC on Monday reported a consolidated net loss of Rs 87.32 crore for the quarter ended September 30, 2022. The company, which follows January-December financial year, had posted a profit of Rs 450.21 crore in the same quarter a year ago, ACC said in a BSE filing. Total revenue from operations during the [...]
Bulk Deal: Smallcap Multibagger stock jumps 11% after Shankar Sharma invests in it
The share price of BLS International Services, a midcap multibagger stock spiked 11 per cent on Monday’s early trades after a renowned investor bought its shares. Based in New Delhi, the company offers visa consultancy services for individuals, students and other categories. It is one of the top three players in this industry on a [...]
Oriental Hotels Q2 Results: Consolidated net profit at Rs 11.05 crore
Oriental Hotels Ltd on Monday reported a consolidated net profit of Rs 11.05 crore for the second quarter ended September 30. The company, a part of the Taj group of hotels, had posted a consolidated net loss of Rs 4.63 crore in the same quarter last fiscal, Oriental Hotels said in a regulatory filing. Consolidated [...]
5 Stocks that will turn Ex Dividend this week; Are you holding any?
Dividends have been a passive source of income in the stock market. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. Here are 5 stocks that will trade ex-dividend this week: HCL Technologies Ltd Ex-dividend date: October 19th, 2022 Dividend Type: Interim Dividend per share: ₹ 10 per share Face Value: [...]
Multibagger Tata Group stock down 8% after Q2 results; What should investors do?
Tata Group’s IT firm, Tata Elxsi’s shares tumbled on Monday’s early trades after the company reported a sequential decline in its net profit. At 11:35 AM, its shares were trading at ₹ 7800.00 apiece, down 8 per cent. In comparison, the BSE midcap index gained 0.05% on Monday. Tata Elxsi delivered steady growth in the [...]
Electronics Mart shares rise nearly 53% in stock market debut
Shares of consumer durables retail chain Electronics Mart India on Monday made a strong market debut, climbing nearly 53 per cent against the issue price of Rs 59. The scrip made its debut at Rs 89.40, registering a jump of 51.52 per cent on the BSE. At the NSE, it listed at Rs 90, rallying [...]
Multibagger stock in a niche sector issues warrants; shares zoom 14% to reach a 4 year high!
The shares of Apollo Micro Systems Ltd soared 14% higher today, to hit over a four-year high of ₹ 247.45 apiece on the Bombay Stock Exchange (BSE). The share price of the company is on the rise since the past three trading sessions and has clocked fresh 52-week highs in all of them. Investor interest [...]
Weekly Recap: Infosys buyback offer, IT results, Market Movers & More!
The markets had a gap-down start on Monday amid weakness across global markets. Domestic equity benchmarks extended losses as investors remained concerned about the impact of steep rate hikes on economic growth. As a result, headline indices lost 1.4 per cent during early trades. The Sensex quoted at 57,360 levels and the Nifty 50 slid [...]
L&T Infotech Q2 Results: Consolidated net profit up 23% to Rs 680 cr
IT company Larsen and Toubro Infotech on Saturday posted an about 23 per cent increase in its consolidated net profit at Rs 679.8 crore for the quarter ended September 2022. The company had registered a net profit of Rs 551.7 crore in the same period a year ago. The consolidated revenue from operations of Larsen [...]
RIIL Q2 Results: Net Profit drops 11.4%
Reliance Industrial Infrastructure Ltd (RIIL) on Saturday reported an 11.4 per cent drop in the second quarter net profit on flattish revenue. Net profit of Rs 2.26 crore in July-September was 11.4 per cent lower than Rs 2.55 crore net profit in the same period last year, the company said in a statement. The profit [...]
Smallcap Multibagger stock with 6,435% returns has fixed record date for stock split
Sanmit Infra Limited, a company whose shares gave multibagger returns to its shareholders has declared a stock split. Further, it has fixed the record date for the same. It is a small-cap company that is engaged in the business of bio-medical and other waste management, infra and real estate development, and trading in petroleum products. [...]
Alok Industries Q2 Results: Consolidated net loss widens to Rs 191.50 cr
Integrated textile company Alok Industries on Saturday reported a widening of its consolidated net loss to Rs 191.50 crore for the second quarter that ended on September 30, 2022. The company, which was acquired by Reliance Industries along with JM Financial Asset Reconstruction through NCLT-monitored insolvency proceedings last year, had reported a net loss of [...]
ICICI Prudential Life Q2 Results: Net profit declines 55% to Rs 199 cr
ICICI Prudential Life Insurance Company (ICICI Pru) on Saturday reported over 55 per cent dip in its net profit to Rs 199 crore in the quarter ended in September 2022 due to lower income. The company's net profit in the quarter ended in September 2021 was at Rs 445 crore. The net premium earned by [...]
Oberoi Realty Q2 Results: Consolidated net profit rises 20%
Oberoi Realty Ltd on Friday reported a 20 per cent increase in its consolidated net profit at Rs 318.62 crore for the quarter ended September. Its net profit stood at Rs 266.59 crore in the year-ago period, according to a regulatory filing. Total income, however, declined to Rs 711.79 crore in the second quarter of [...]
HDFC Bank Q2 Results: Consolidated net profit jumps 22.30%
HDFC Bank on Saturday reported a 22.30 per cent jump in its consolidated net profit for the September quarter at Rs 11,125.21 crore. The city-headquartered lender had reported a consolidated net profit of Rs 9,096.19 crore in the year-ago period. On a standalone basis, the largest private sector bank's net profit rose by over 20 [...]
Air India in talks with aircraft makers to buy planes: CFO
Air India is in discussions with aircraft manufacturers for acquiring planes as the Tata group-owned airline plans to expand its fleet by three times compared to the current size, a senior executive said on Friday. Air India Chief Financial Officer Vinod Hejmadi also said the airline is currently in the "taxiing phase" and it will [...]
Exports rise 4.82% to USD 35.45 bn in Sep
The country's exports rose by 4.82 per cent to USD 35.45 billion in September, even as the trade deficit widens to USD 25.71 billion, according to the data released by the commerce ministry on Friday. In its preliminary data, which was released in the first week of this month, the ministry stated that the country's [...]
Cyber attack hits IT systems of Tata Power
Tata Power on Friday said that a cyber attack has hit its Information Technology (IT) infrastructure and affected its systems. Tata Power Company Limited had a cyber attack on its IT infrastructure impacting some of its IT systems, a BSE filing said. The company has taken steps to retrieve and restore the systems, it informed. [...]
Govt’s wheat stock 11% higher than buffer norm as on Oct 1
The government's wheat stock is 11 per cent higher than the buffer norm at 227.46 lakh tonne at the beginning of this month, according to the Food Ministry data. However, the wheat stock in state-run Food Corporation of India (FCI) is at five year low due to a 57 per cent drop in procurement owing [...]
Forex reserves rise USD 204 mln to USD 532.868 bln
India's forex reserves rose by USD 204 million to USD 532.868 billion for the week ended October 7 on an increase in the value of gold holdings, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by USD 4.854 billion to USD 532.664 billion. The reserves had been [...]
Bajaj Auto Q2 Results: Consolidated net profit falls 16% as exports slip
Bajaj Auto on Friday reported a 16 per cent decline in its consolidated net profit to Rs 1,719 crore for the September quarter, hit by a 25 per cent dip in overseas shipments. The Pune-based company had posted a consolidated net profit of Rs 2,040 crore in the July-September quarter of the previous fiscal. Total [...]
Shree Cement Q2 Results: Consolidated net profit falls 67.5%
Shree Cement Ltd on Friday reported a 67.5 per cent decline in consolidated net profit to Rs 183.24 crore in the second quarter ended September 2022, impacted by higher power and fuel cost. The company, which had posted a consolidated net profit of Rs 563.94 crore in the same quarter last fiscal, also said its [...]
Analysts eye more growth ahead for INFY after good Q2 results
The shares of IT-major Infosys Ltd. shot up more than 5% today on the bourses to touch their day’s high of Rs. 1,494. The stock came down slightly and eventually closed at Rs. 1,477 per share, up 4.02% for the day. The surge in stock price comes after India’s second-largest IT services company clocked a [...]
Multibagger stock hits upper circuit again as Ashish Kacholia buys stake in it
Megastar Foods Ltd, a multibagger stock, hit the 5% upper circuit for the fourth day in a row and gained 28.88% in the past five days. Its shares are currently locked at ₹ 247.65 apiece, a fresh 52-week high. 34068 shares changed hands during Friday’s early trades on the Bombay Stock Exchange. Megastar Foods is [...]
What should investors do after Wipro’s Q2 results? Check the latest targets
The shares of IT major Wipro Ltd. tanked more than 7% in the early hours of trading on Thursday. The stock of Wipro hit its new 52-week low of Rs. 380 per share. It has declined 47% in value since the start of this year. As of 11:30 IST on Friday, the shares were trading [...]
Federal Bank Q2 Results: Standalone net profit jumps 52.89%
Private sector lender Federal Bank on Friday reported a 52.89 per cent jump in its standalone net profit for the quarter ended September 2022 at Rs 703.71 crore, aided by fall in provisions for bad loans. The south-based lender had posted a net profit of Rs 460.26 crore in the year-ago period. Total income of [...]
Multibagger brewery stock signs contract manufacturing pact with Radico Khaitan
Som Distilleries and Breweries has informed the bourses that they have entered into a contract manufacturing arrangement with Radico Khaitan Limited for the manufacturing of their IMFL (Indian Made Foreign Liquor) and Ready to Drink brands at their plant at Hassan, Karnataka. They added that it will lead to better utilization of their IMFL facility. [...]
Mindtree Q2 Results: Consolidated net profit up 27.5% to Rs 508.7 cr
IT company Mindtree on Thursday reported a 27.5 per cent year-on-year rise in its consolidated net profit to Rs 508.7 crore for the September quarter. Seen sequentially, the net profit was about 8 per cent higher than June quarter. The Q2 revenue came in at about Rs 3,400.4 crore, growing 8.9 per cent over the [...]
Multibagger chemical stock with 956% returns jumps 17% in a single day
The Indian stock market has produced a good number of multibagger stocks in the post-covid rebound. Indo Amines is one of them. The chemical stock has surged 17.13% today to reach an intraday high of ₹ 144.6 on the Bombay Stock Exchange (BSE). The company’s shares have given stellar returns of 956.32% after the stock [...]
Infosys announces share buyback of Rs 9,300 cr, interim dividend of Rs 6,940 cr
India's second-largest IT services company Infosys on Thursday announced a share buyback of Rs 9,300 crore via open market route, for a price not exceeding Rs 1,850 per equity share. The board has also declared an interim dividend of Rs 16.50 per share, an increase of 10 per cent over FY22 interim dividend. The total [...]
Top Stock Picks: 6 stocks to buy for a potential upside of up to 80%
The markets opened in the red on Thursday with the benchmark NIFTY 50 index down 0.82% for the day to 17,005 points. As for the 30-stock BSE Sensex, it opened in negative too at 57,232 points, down 394 points or 0.68%. In the past month, the market has declined by 6%. As markets fluctuate, here [...]
Tanla Platforms climbed 11% after its board fixed the record date for a buyback
The shares of cloud communications provider Tanla Platforms zoomed 11.30% to reach an intraday high of ₹ 872.30. This happened after the company’s board of directors fixed the record date for a share buyback. Tanla Platforms Ltd (formerly Tanla Solutions Ltd) is a global A2P(application to person) messaging platform provider that enables businesses to communicate [...]
Analysts see 44% upside in this tech stock after strong Q2 results
The shares of Roshni Nadal Malhotra-led HCL Technologies Ltd. rose 3.89% during the early hours of trading on Thursday. The stock touched its day high of Rs. 989 at 9:20 IST. This positive movement comes on the back of a healthy 6% year-on-year (Y-o-Y) rise in the consolidated net profit of the company. On Wednesday, [...]
Here are the Q2 estimates for Cement Industry as it is expected to give poor results
The Indian cement industry started witnessing consolidation from the second quarter (June to September 2022) of the current fiscal year. The wave was created by the ports-to-power conglomerate the Adani Group acquiring Ambuja Cements and ACC from the Holcim Group for $6.5 billion. In his next big act, Gautam Adani is eying the purchase of [...]
Dolly khanna and Vijay kedia have invested in this multibagger auto stock; Check the details
Data related to the changes in the stake that ace investors hold in companies is released every quarter. Market observers and retail investors closely follow these changes to know how these investors invest their money. While ace investor Dolly Khanna has increased her stake in an auto component stock, market mogul Vijay Kedia chose to [...]
Adani Wilmar expects Q2 revenue growth in low single digit amid fall in edible oil rates
Edible oil major Adani Wilmar on Wednesday said the company's overall revenue in the July-September quarter will annually grow by low single-digit amid a fall in rates of edible oils. Adani Wilmar markets its edible oils and other food items under the Fortune brand. In a regulatory filing, the company shared a preliminary update on [...]
LIC sells over 2% stake in Power Grid for Rs 3,079cr in 5 months
LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday. There is a decrease of 2.003 per cent in holding during the period from May 18, 2022 to October 11, 2022. As per regulatory requirement by Sebi, [...]
Twin blows: Inflation rises to 7.4%, factory output shrinks
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India [...]
Tracxn Technologies IPO subscribed 2 times on last day of offer
The initial public offering (IPO) of Tracxn Technologies was subscribed two times at the close of the offer on Wednesday. The Rs 309-crore IPO received bids for 4.27 crore shares against 2.12 crore shares on offer, according to NSE data. The category for retail individual investors (RIIs) was subscribed 4.87 times and the portion for [...]
Microcap Multibagger stock is coming up with a bonus issue of 1:1; Check the details
Atam Valves Ltd. a microcap company has recorded a strong increase in its share price so far this year. The company is engaged in the manufacturing, production and sale of all types of valves, cocks, boiler mounting, pipe fittings, sanitary fitting, and the fabrication of steel and iron or non-ferrous metal and by-products. The stock [...]
HCL Tech Q2 Results: Consolidated net profit up 7% at Rs 3,489 cr
IT services company HCL Technologies on Wednesday posted a 7 per cent year-on-year rise in consolidated net profit to Rs 3,489 crore for the September quarter and raised the full-year revenue guidance. The net profit stood at Rs 3,259 crore in the year-ago period. The revenue for the three months ended September 30, 2022, came [...]
Wipro Q2 Results: Net profit drops 9.3% to Rs 2,659 cr, Revenue increases 14% YoY
IT services major Wipro Ltd on Wednesday reported a 9.3 per cent drop in its September quarter net profit, weighed down by rising staff expenses and lower non-US earnings. Profit attributable to equity shareholders of the company was 9.3 per cent lower at Rs 2,659 crore, the company said in a statement. The company had [...]
Adani Group stock gets a BUY call with a potential upside of 40%; Are you holding it?
Recently Adani Ports and Special Economic Zone Ltd (APSEZ) received approval from the National Company Law Tribunals (NCLT) to acquire the remaining 58.1% stake in the Gangavaram Port Limited (GPL). APSEZ had previously obtained 31.5% of the company from Warburg Pincus and 10.4% from the Andhra Pradesh government early this year. A lot has been [...]
Travel Company’s board approves bonus and stock split: Check the details here
The Board of Easy Trip Planners has approved the issue of bonus shares as well as a stock split. Both corporate actions will take place on or before December 8, 2022. Easy Trip Planners (Ease my trip) is a travel company that got listed on the bourses only in March 2021. It provides travel agents [...]
Smallcap stock delivers multibagger returns of 133% this year; Check the details
The shares of Everest Industries Ltd., a building solutions company rose over 13.78% on Tuesday. The stock touched its high of Rs. 895.86 in its previous trading session and eventually closed at Rs. 878.05 for the day. As of 11:55 IST, the stock was trading at Rs. 865 per share on Wednesday, down 1.71% in [...]
Route One Fund sells 1.54% stake in IndusInd Bank for Rs 1,401 cr
US-based hedge fund Route One Fund I LP on Tuesday divested a 1.54 per cent stake in IndusInd Bank for Rs 1,401 crore through an open market transaction. Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per cent stake in the company, as per the data available with the National Stock [...]
Adani Green acquires an equity stake in three special-purpose vehicles
Wind energy solutions provider Inox Wind announced on October 10 that its arm Inox Green Energy Services (IGES) has sold its entire equity stake in three special-purpose vehicles to Adani Green Energy. These are Wind One Renergy Limited, Wind Three Renergy Limited, and Wind Five Renergy Limited. A special purpose vehicle sometimes called a special [...]
Smallcap Stock hits upper circuit of 20% as it secured orders worth Rs 1,000 crore
The shares of Panacea Biotec Ltd. hit their upper circuit of 20% in the early hours of trading on Thursday. The stock skyrocketed to touch its day’s high of Rs. 160.80 per share around 9:20 IST. It slightly declined to close at Rs. 158.70, up 18.43% for the day. This surge in stock price follows [...]
Markets take heavy beating on negative global trends; fall for 3rd day
Equity benchmark indices fell sharply on Tuesday, with the Sensex tumbling nearly 844 points, in line with weak global market trends and foreign fund outflows. The 30-share BSE benchmark slumped 843.79 points or 1.46 per cent to settle at 57,147.32. During the day, it tanked 940.71 points or 1.62 per cent to 57,050.40. The broader [...]
Watch out two private-sector bank stocks with an upside of up to 42%
The markets opened in red on Tuesday as the benchmark NIFTY50 index fell 0.20% or 35 points. As of 12:10 IST, the 50-basket index was trading at 17,206 points. In the last year, the index has declined 741 points or 4.13%. Contrast this with the performance of the banking industry during the same period. NIFTY [...]
RK Damani Stock Tanks as Subsidiary Sale Doesn’t Excite Investors
The shares of Radhakishan Damani-owned India Cements Ltd. (ICL) fell more than 5.35% in the early hours of trading on Tuesday. As of 11:40 IST, the stock of the cement producer was trading at Rs. 260.5 per share. The decline in stock comes on the back of the sale of a subsidiary of India Cements [...]
4 Stocks trading at a huge discount have a potential upside of up to 70%; Do you own any?
The equity markets have been volatile this year. Over 30 stocks in the BSE 500 index have tanked more than 50 per cent from their 52-week high levels. Experts believe that weakness in the Indian Rupee, outflows by foreign investors and the effects of the geo-political crisis have been weighing on the market. Here are [...]
TCS shares fall over 1% in morning trade
Shares of Tata Consultancy Services (TCS) on Tuesday fell by more than 1 per cent in morning trade, a day after announcing its September quarter earnings. The results were announced post market hours on Monday. The stock of the IT services exporter declined 1.15 per cent to Rs 3,085.25 on the BSE. At the NSE, [...]
Stocks to Watch: Companies that are coming up with results this week
Snapping a two-day winning streak, domestic equity markets ended lower on Monday. Most sectoral indices were in the red, except for information technology. Analysts believe that Q2 results of IT giants, global trends, the movement of the rupee and macro data will be major triggers for this week. "This week, participants will be eyeing important [...]
Oil PSUs expected to post losses in Q2 in a row; Do you hold any stock?
Government-owned Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation are expected to post losses in the second quarter ending September of the current fiscal year 2022-23. This may be the first time ever that state oil marketing companies (OMCs) will post losses for the second quarter in a row. As per a report [...]
Markets settle lower amid negative global cues; RIL, HDFC twins top drags
Equity indices chalked up losses for the second straight session on Monday, in tandem with a bearish trend overseas as ratcheting up of hostilities in Ukraine and prospects of further rate hikes by the US Fed soured global risk sentiment. The rupee slipping to another all-time low against the US dollar amid foreign fund outflows [...]
Bank Stock Rises 10% as Government Invites Bids for Privatisation
The shares of IDBI Bank shot up by 10% today as the government invited bids for the bank’s privatization. As of 12:20 IST, the shares of the private sector bank were trading at Rs. 47.07 a piece. Based out of Mumbai, IDBI Bank is a large-cap government-controlled bank with a market value of over Rs. [...]
Auto Stock jumps 14% after it issues share warrants to Vijay Kedia
The shares of Atul Auto Ltd, a Vijay Kedia portfolio stock, shot up 14.05% to reach an intraday high of ₹ 244.40. This happened after the company’s board approved a preferential issue of ₹ 115 crores worth of warrants to promoters and non-promoters of the company, including ace investor Vijay Kishanlal Kedia. Atul auto is [...]
TCS rises ahead of Q2 result: Key things investors must watch out for
India's largest software services exporter, Tata Consultancy Services (TCS) on Monday will kick off the corporate earnings season for the September quarter of the current financial year (Q2FY23). The company is all set to announce its results scheduled post-market hours on Monday. The shares of the IT giant gained 1.47% and were trading in the [...]
Multibagger stock with 748% returns in a year to trade Ex split next week
The shares of Global Education Ltd. hit its upper circuit of 4.99% to touch Rs. 403.80 during the early hours of trading on Monday. Global Education is a small-cap educational service provider and consultancy firm based out of Mumbai with a market value of Rs. 411 crores. The company’s shares are expected to trade ex-split [...]
Weekly Recap: Market movers, 5G launched in India and More!
Benchmark Indices turned red on Monday and lost around 0.7%. Oil & Gas and Pharma gained, while IT, Bank, Auto, Metal, FMCG, Consumer Durable and Auto were under pressure. The week had four sessions as the markets were closed on Wednesday on account of Dusshera. Amid a choppy session on Friday, benchmark Indices BSE Sensex [...]
India steel output up 2.5% at 30 MT in Jul-Sep: Report
India's crude steel output rose by 2.56 per cent to 30.06 million tonne (MT) during the July-September period of the ongoing financial year. As per research firm SteelMint, the top six steel makers -- SAIL, Tata Steel, JSW Steel, JSPL, AMNS India and RINL -- produced 18.29 MT steel, the rest 11.77 MT came in [...]
3 Stocks to watch that have reduced their debt by up to 95%; Are you holding any?
Debt is an important parameter that we check while analysing a company. It is an important source from which companies raise capital for their business apart from equity. Having an ideal amount of debt can help to reduce the cost of capital of a company, however, too much of it can pose threats to its [...]
ICRA, CARE ratings in the green as SEBI takes regulatory action against competitor
The shares of credit rating agencies CARE ratings and ICRA inched higher on Friday’s early trades after the Securities and Exchange Board of India (SEBI) took action against their peer. CARE ratings gained 4.81% to reach an intraday high of ₹536.85, while ICRA gained 2.53% to reach an intraday high of ₹ 4100.00. The capital [...]
2 Fundamentally Strong fertilizer stocks to BUY for an upside of up to 66%
The revenue growth of Indian agrochemical stocks is expected to remain weak for the September quarter. This is primarily because the fertilizer companies had to resort to price increases to counter cost inflation. This along with weaker rain distribution impacted demand resulting in subdued volume growth. However, analysts remain bullish on the sector. Brokerage Nirmal [...]
Adani announces Rs 65,000 cr investment in Rajasthan
Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. The investment by ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG to [...]
Equitas SFB gross advances up 20% at Rs 22,802 cr at Sep qtr end
Equitas Small Finance Bank on Friday said its gross advances grew by 20 per cent to Rs 22,802 crore at end of September 2022 quarter. The Bank's gross advances in the year-ago period of September 2021 stood at Rs 18,978 crore. During the second quarter ended September 2022-23, the Bank's disbursements were up by 22 [...]
Tata group stock rises 40% in 3 months; Analysts suggest more upside left
The shares of jewellery and other wearables retailer Titan Ltd. jumped 5% in the early hours of trading on Friday. As of 12:00 noon, the stock was trading at Rs. 2,721, up Rs. 128 for the day. This comes on the back of strong year-on-year (YoY) growth of 18% that the company achieved for the [...]
Audi India retail sales up 29% in Jan-Sep period
German luxury carmaker Audi on Friday reported a 29 per cent growth in retail sales at 2,947 units in the January-September period of this year in India. Audi India had retailed 2,291 units in the same period last year. The growth was driven by the new A8 and Q7, coupled with continued demand for the e-tron [...]
Nithin Kamath says brokerage charges might increase
All brokerages must transfer unused funds back to the customer's bank account as part of the new account settlement process, starting today. Nithin Kamath, founder and CEO at Zerodha estimated that these funds will be more than ₹ 25,000 crores across the country. Capital markets regulator, Securities and Exchange Board of India (SEBI) has issued [...]
Large cap energy stock rises 60% despite analysts downgrade
The shares of JSW Energy shot up more than 12% during intraday trade on Thursday. The company entered an agreement with the Maharashtra government to establish a 960-megawatt hydro pump storage project in Raigarh. As of 11:40 IST on Friday, the shares were exchanging hands for Rs. 334 a piece, up 1.36% for the day. [...]
4 Stocks with high Piotroski score to add to your watchlist; Do you own any?
The Piotroski score is a score between zero and nine that reflects nine parameters used to determine the strength of a company’s financial position. It is used to find the best-value stocks. The parameters used to arrive at this score include net income, operating cash flow, quality of earnings, return on assets, leverage, current ratio, [...]
Analysts bullish on this FMCG stock despite fears of weak growth in near term
The shares of Godrej Consumer Products Ltd. (GCPL) slipped 5% during the early hours of trading on Thursday as the company updated on its weak September quarter results. As of 12:00 noon, the stock was trading at ₹ 851.50, down 5.03% for the day. The FMCG stock has lost over 16% in market value in [...]
Stock markets rise for 2nd session, Sensex gains 156 pts
Benchmark BSE Sensex rose by 156 points while the Nifty closed above the 17,300 level on Thursday after gains in metal, IT and capital goods shares amid foreign capital inflows. The 30-share BSE benchmark gained 156.63 points or 0.27 per cent to settle at 58,222.10. During the day, it jumped 513.29 points or 0.88 per [...]
Multibagger stock with high promoter holding sets record date for 2:1 bonus issue
Shivalik Bimetal Controls Limited, a small cap multibagger stock, has announced the record date for a 2:1 bonus issue. This means that eligible shareholders will receive one bonus share for every two equity shares held by them as of the record date. The company is specialized in the joining of materials through various methods. It [...]
SpiceJet shares jump over 9%
Shares of SpiceJet on Thursday climbed over 9 per cent amid reports that the company is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS (Emergency Credit Line Guarantee Scheme). After beginning the trade on a positive note, the stock of the budget carrier further jumped 9.23 per cent to [...]
Stock to BUY: Fundamentally Strong bluechip stock to BUY for huge upside potential
The shares of Reliance Industries Limited were trading in green at Rs 2,435 levels in the early hours on Thursday. In the past month, the stock has shed over 6.24% and has largely remained flat at a 1.29% gain. Despite the share price being volatile, the company has remained in the news for positive developments. [...]
4 Smallcap stocks with high DII holding; Do you own any?
Domestic Institutional Investors (DII) include a class of investors that impact an economy’s net investment flows. They invest in the financial assets and securities of the country they are currently residing in. DIIs include Indian mutual funds, insurance companies, pension funds, and banking and financial institutions. Here are a few companies in which DIIs hold [...]
Hospitality stock sets record date for bonus issue as 6th October; Check the details
The shares of Asian Hotels East Ltd opened at Rs 345 and shot up by 5 per cent to trade at Rs 350 levels till 12.10 pm on Tuesday. In the past month, the stock has zoomed by 40 per cent. The board of the company has approved the issuance of Bonus shares. The ratio [...]
Why are Banking and Financial Services stocks on a roll today?
Banking and Financial stocks zoomed on Tuesday’s early trades with sizeable gains. Many of them had a gap-up opening and continued to rally amid a strong Q2 update. Bank Nifty gained 3.02% to reach a high of 39,177.50 points. Quarter 2 earnings for this year are scheduled to start next week, however, the following companies [...]
2 Vijay Kedia stocks that have high ROCE to add to your watchlist
Return on Capital Employed (ROCE) is one of the most important factors that are to be checked in order to find quality stocks. It measures a company’s profitability and efficiency. Ideally, it should be above 20 per cent. Vijay Kishanlal Kedia publicly holds 16 stocks with a net worth of over ₹ 770.7 crores. Here [...]
LIC increases its stake in Dr Reddy’s Laboratories to 7.7%
Dr Reddy's Laboratories Ltd on Monday said Life Insurance Corporation of India has increased its stake to 7.7 per cent in the pharmaceutical firm through purchase of 33.86 lakh shares from open market over a period of time. Life Insurance Corporation of India (LIC) earlier held around 5.65 per cent stake in the company, Dr [...]
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