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Blue Chip stock to BUY now for an upside of 20% after analyst expects company to make $7-10 Bil revenue
The shares of India’s largest conglomerate gained traction this week after Jefferies raised its 'buy' recommendation to an upside of 25 percent based on Wednesday’s close price of Rs 2,371. Reliance Jio Infocomm Ltd (RJIO), a subsidiary of Reliance Industries Limited, is a telecommunications service provider and mobile network operator. The firm sells SIM cards, [...]
Smallcap stock jumps in early trade after company to acquire 100% stake in Silverleaf Capital Services
On Friday this small-cap stock gains 1% as the company looks to acquire a 100% stake in Silverleaf Capital Services Pvt Ltd. This stock has delivered 25% returns in six months. Currently, shares are trading 10.5% below the 52-week high. Share India Securities Ltd Share India Securities Ltd. It has a market capitalization of Rs. [...]
Monopoly stock falls 7% after company receives notice from SEBI; Check the details
Shares of the listed commodity exchange crashed 7.7 percent after receiving notice from SEBI to temporarily suspend launch of the new platform. At 11:20, 29th september shares of Multi Commodity Exchange (MCX) were trading at Rs. 1934 per share which is 7.7 percent down from previous close price of 2096.55 per share. Such negative sentiment [...]
PSU stock jumps up to 6% after it signs purchase agreement with GRIDCO Ltd for thermal power station
This S&P 500 stock is a PSU, held 79% in the President of India’s portfolio with a market cap of Rs. 18,380 crore. The stock rose 6.5% within the first hour of markets opening and trades now at Rs. 132.55, up from Rs. 128.35 at closing on Thursday. The stock is 10% away from 52 [...]
FMCG stock jumps up to 7% after company enters into juice business by acquiring 26% stake in AloFrut
This company is included in the S&P BSE 500 index and has a market cap of Rs. 23,813 crore. The stock rose over 7% within the first hour of markets opening on Friday and currently trades at Rs. 535.70, up from Rs. 512.65 at closing on thursday. The stock today is seeing volumes that are [...]
Ashish Kacholia stock jumps more than 5% after company expects strong business growth
Shares of this multibagger Ashish Kacholia stock under the ‘small-cap’ category soared 5 percent after the company expects strong business growth in the forthcoming years. In the last five trading sessions, the company’s stock has gained nearly 13 percent. With a market capitalization of Rs 3,346.51 crores, the stocks of Garware Hi-Tech Films Limited started [...]
Pharma stock jumps 6% after company gets approval for launch of cancer drug
Shares of this pharmaceutical company rose by 6.15 percent after the company received approval to launch its Revlimid drug. At 11.04 am, 29th september shares of Aurobindo pharma were trading at Rs. 927 per share which is 6.11 percent up from previous close price of Rs. 873 per share. According to the sources from Zee [...]
Chemical stock falls up to 14.5% after company’s MD resigns; Check the details
On Friday’s early trade, the shares of the largest integrated fluorochemicals producers fell 14.5 percent to a 52-week low of Rs 3,726.65 after the company's Managing Director Radhesh R Welling resigned from the post. At 10:30 a.m., Navin Fluorine International Limited shares were trading at a price of Rs 3,775 a share, down Rs 582.20 [...]
Debt free smallcap stock jumps 4.4% after company to acquire Pocket Aces Pictures Private Limited
The shares of this debt free company which is India's oldest music label was up by 4 percent after the company made an announcement regarding a strategic acquisition. At the day’s closing the shares of Saregama India were trading at Rs 368.20 which was up by 4.41 percent from its previous day close price and [...]
Asian Paints falls up to 4% today; Here’s why
Asian Paints is India's largest paint manufacturer and was founded in 1942. Additionally, it makes surface preparation, organic composite solvents, thinners, and varnishes, enamels, or lacquers. The company operates in 15 countries, has 26 paint manufacturing facilities worldwide, and serves clients in more than 60 countries. It offers its goods for sale under a variety [...]
News Alert
NEWSALERT
Tata Motors Q4 consolidated net loss at Rs 992.05 cr; total revenue from operations at Rs 7,585.34 cr: Company filing. PTI RKL ABM ABM
NEWSALERT
Plane in China skids off runway, catches fire; casualties feared: Official media. PTI KJV CPS AKJ CPS
NEWSALERT
LIC IPO subscribed 2.95-times at close of subscription period: Exchange data. PTI DP DP ABM ABM
IPO Alert
Divgi TorqTransfer Systems shares debut with 5% premium
Divgi TorqTransfer Systems stock made its market debut with a 5 per cent premium on Tuesday against the issue price of Rs 590. The stock made its debut at Rs 620, up 5.08 per cent from the issue price on the NSE. On the BSE, it opened at Rs 600, a premium of 1.69 per [...]
Global Surfaces IPO receives 42% subscription on Day 1
The initial share sale of Global Surfaces Ltd got subscribed 42 per cent on the first day of subscription on Monday. The initial public offering (IPO) received bids for 32.75 lakh shares against 77.49 lakh shares on offer, according to NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 60 per cent while [...]
Global Surfaces sets IPO price band at Rs 133-140 per share
Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, on Friday said it has set a price band of Rs 133-140 a share for its Initial Public Offering (IPO). The initial share sale, which opens for subscription on March 13, will close on March 15, the company said in a statement. [...]
Divgi TorqTransfer Systems sets IPO price band at Rs 560-590/share
Automotive component manufacturer Divgi TorqTransfer Systems on Monday said it has fixed a price band of Rs 560-590 a share for its Rs 412-crore initial public offering (IPO). The initial share-sale will be open for public subscription during March 1-3. The bidding for anchor investors will open on February 28. The IPO comprises fresh issue [...]
Sah Polymers shares debut with nearly 31% premium
Shares of Sah Polymers on Thursday listed with a premium of nearly 31 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. It further rallied 36.92 per cent to [...]
Radiant Cash Management shares debut with 10% premium
Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, [...]
Top Editor’s Pick
Stocks to Buy: 6 Stocks to buy now for an upside of up to 55%
The Benchmark Indices showed a bullish movement on Friday with the Sensex gaining around 320 points and closing at Rs 65,828.41 and the Nifty50 index gaining around 115 points and closing at Rs 19,638.30. Listed below are six stocks to buy now for a potential upside of up to 55 percent: Tata Steel Limited With [...]
Financially strong stocks that have seen corrections of up to 25% in the past 2 weeks; Do you own any?
Since March 2023, the benchmark indices observed a continuous rally in prices, but, since the mid of September 2023, the indices started to see corrections and, as of Thursday, the Nifty 50 index stands at Rs 19,523.55 and the Sensex closing at Rs 65,508.32. Listed below are 3 financially sound companies that have seen corrections [...]
Smallcap stocks that are Market Leaders in their industry with market share of up to 65%; Do you own any?
A market leader is a company that has the largest market share in a specific industry. A market leader is a product, brand, company, organization, or group name that has the highest percentage of total sales revenue in a certain market. Market leaders exert market dominance by influencing customer loyalty, distribution, and pricing, among other [...]
Fundamentally strong EV stock under ₹ 300 with low debt to add to your watchlist
A company is said to be ‘fundamentally strong’ when it portrays a certain set of characteristics such as strong and consistent financial performance, lower leverage ratios, etc. Listed below is one such fundamentally strong stock under Rs 300 that one should add to their watchlist: HBL Power Systems Limited With a market capitalization of Rs [...]
Nikhil Kamath of Zerodha warns retail investors of this risk in the Indian Stock Market in 2023
Zerodha Broking is India's largest stockbroker and is credited with pioneering the discount broking strategy in the country since it was established in 2010 by Nithin and Nikhil Kamath. Zerodha is India's most technologically sophisticated stock broker, which offers a diverse variety of financial solutions to equities market participants. Nikhil Kamath of Zerodha highlighted concerns [...]
Smallcap stock jumps after it announces entry into Lithium Ion Storage Cell Industry; Check the target
This S&P BSE 500 stock jumped 3% on Monday after it said in a press release that it is entering the Lithium Ion Storage Cell Industry. The stock has a market capitalization of Rs. 11,267 crore and saw volumes that were 2x the previous session and last week's average. The stock closed at Rs. 441.70, [...]
Latest Market News

Penny stock jumps 10% after bagging an order from National Highway Authority of India
This penny stock jumped 10% within the first half hour of markets opening on Monday after it bagged an order from National Highway Authority of India. The stock currently trades at Rs. 53.65 versus 49.24 at previous close. The company has a market cap of Rs. 39 crore and is currently trading 17% away from [...]
Smallcap stock falls 18% after receiving a notice for payment of shortfall tax worth ₹ 111 Billion
Shares of this small-cap stock fell 18 percent in Monday’s trading session post a notice from the Directorate General pertaining to the payment of shortfall tax. Year-to-date, the company’s stock has fallen more than 30 percent. With a market capitalization of Rs 3,878.66 crores, the stocks of Delta Corp Limited started their trading session on [...]
Defence stock hits 5% upper circuit after it received an order worth ₹ 228 Cr from the Ministry of Defence
The shares of the largest supplier of defense training solutions touched the upper circuit percent on Monday’s early trade after the company received an order from the Ministry of Defence. At 9:45 a.m., Zen Technologies Limited shares touched a 5 percent upper circuit of Rs 756.20 on the National Stock Exchange from the previous close [...]
22 PSU stocks in which the Government holds more than 75% stake; Do you own any?
The Union government can unlock nearly Rs 1.75 lakh crore if it plans on monetizing its excess stake in these companies ranging from India’s Largest Insurance company LIC to Scooters India Ltd. The Indian government's surplus holding in LIC is worth more than Rs 86,000 crore as per the September 20 closing price. The Indian [...]
Stocks to Buy: 6 Stocks to buy now for an upside of up to 42%
On Friday, domestic benchmark indexes closed in the red. The BSE Sensex fell 221.09 points, or 0.33%, ending the week at 66,009.15. Similarly, the NSE Nifty 50 fell 68.10 points, or 0.34%, to 19,674.25. Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 42%: Raymond Ltd Raymond Ltd is [...]
Tata Group stocks with increasing Earnings Per Share to add to your watchlist
Earnings per share (EPS) refers to a company’s profit divided by the outstanding number of equity shares of its common stock. EPS is one of the most important indicators of profitability. The higher a company’s EPS is, the more profitable it is considered to be. Here are a few Tata group companies that saw a [...]
Smallcap Telecom stocks that are debt-free to keep on your radar
The telecom sector in India has grown rapidly in the last few years. With the recent launch of 5G, digital technologies have made a big impact on the country’s economy and directional growth of the said sector at the same time. As much as these companies under the telecom sector are growing, it is important [...]
Stocks to Watch: Fundamentally strong stocks that are trading at a discount of up to 26%
Fundamentally strong companies are those that have strong financials over the years, such as high-profit growth, a low debt-to-equity ratio, and consistent cash flow. Here are three Fundamentally strong stocks that are trading at up to a 20% discount from their September month high. KPIT Technologies Ltd KPIT is a global technology business that provides [...]
FMCG stocks with PE ratio less than the industry average to add to your watchlist
The P/E (Price to Earnings) ratio signifies the company's current share price to its earnings per share (EPS), which is frequently employed to define the value of a stock. Here are two FMCG stocks with P/E ratios lower than the industry average. SKM Egg Products Export (India) Ltd. SKM Egg Products Export is a small-cap [...]
Stocks with a high Piotroski Score of 9 to add to your watchlist
Piotroski Score, ranked from ‘zero’ to ‘nine’, is a discrete score based on nine different parameters such as net income, long-term debt, current ratio, gross margin, return on assets, asset turnover ratio, dilution of shares, operating cash flows in the current year, and also checks if the cash flow from operations is greater than the [...]
₹ 36.75 To ₹ 1,434: Multibagger stock turns ₹ 1 Lakh to ₹ 39.02 Lakhs in just 3 years
Many investors believe that staying invested in a company for a long period of time helps one receive massive returns. While this statement is quite true for many stocks, there are a few stocks that have delivered massive returns after the Covid-19 crash. Shilchar Technologies was trading at ₹ 36.75 apiece during the beginning of [...]
Sensex and Nifty maintain losses into the fourth session; HDFC shares weigh
On Friday equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session, as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Traders said that foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments. The 30-share BSE Sensex fell [...]
Infra expected to boost cement demand by 10-12% this fiscal year: Report
According to a report, The massive infra spending by the government towards building roads, railway lines and power, among others, will boost cement demand by 10-12 per cent this fiscal. The Centre has increased its infrastructure budget allocation for fiscal 2024 by Rs 1.6 lakh crore to Rs 5.9 lakh crore from a revised estimate [...]
Bank stock jumps 10% after entering into a co-lending partnership with NBFC for MSME Loans
Shares of this public sector bank under the ‘mid-cap’ category zoomed 10 percent on Friday after entering into a co-lending partnership with an NBFC company for MSME Loans. With a market capitalization of Rs 44,151.26 crores, the stocks of Central Bank of India closed at Rs 50.86 on Friday. The scrip witnessed an intra-day high [...]
Small cap oil stock in red after HDFC Bank sold more than 2% stake in the company
This oil stock lost nearly 2% during today’s trading session after HDFC bank divested more than 2% in the company on a spam of more than a year. Share price of HOEL closed at Rs. 1530.65 per share. It traded nearly 2% lower in the Friday market to reach its intra- day low of Rs. [...]
Stocks in Focus: 4 Stocks to keep an eye on as the festive season is approaching
The festive season is approaching and it not only brings families and communities together but also sets the stage for a surge in economic activities. Experts believe that Indian as well as global markets rally during this time of the year: Here are a few stocks that you could add to your watchlist: Vedant Fashions [...]
Defense stock jumps up to 5% after company bags an order for surveillance equipment
This S&P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore. The stock has seen 2x the average weekly and monthly average volumes on Friday and is 30%, 5% away from its 52 week [...]
Newly listed stock jumps 3% after company’s joint venture received an order worth ₹ 73 Cr
This small cap stock rose almost 3% after the company’s joint venture VPRPL-B&G JV received an order worth Rs. 73 crore from Office of Municipal Board in Rajasthan. The company is the leading partner in the said joint venture. Share price of Vishnu Prakash opened at Rs. 171.55 per share and gained up to 3% [...]
Smallcap stock jumps up to 4% after the company in JV with NCC received an order worth ₹ 3,087 Cr
On Friday this small-cap stock jumps up to 4% after the company bagged an order worth Rs. 3,087 Cr. This stock has delivered 65% returns in six months and 41% returns in one year. The stock is currently trading above the 50-day and 200-day moving averages. J Kumar Infraprojects Ltd J Kumar Infraprojects Ltd has [...]
Noida Power Company Ltd & Statiq Partner to provide EV Stations
In order to install EV charging stations at residential complexes in Greater Noida, close to the national capital, Statiq, a provider of electric vehicle (EV) charging services, and Noida Power Company Ltd. According to a statement from the company, the memorandum of understanding (MoU) represents a further consolidation of Statiq's recent efforts to take the [...]
Govt to Reduce Imports and Produce 70% of IT Hardware Locally: Minister
According to Minister of State for Electronics and IT Rajeev Chandrasekhar, the government wants to reduce reliance on imports from dubious sources by producing up to 70% of the nation's IT hardware needs domestically over the next three years. Speaking to reporters, Chandrasekhar stated that in an effort to reduce reliance on supplies from dubious [...]
Bank stock in green after an agreement to acquire 9.99% stake in a healthcare services company
Shares of this private sector Bank under the ‘large-cap’ category showed some bullish movements after entering into an agreement to acquire a stake in a healthcare services company. With a market capitalization of around Rs 6.70 lakh crores, the stocks of ICICI Bank Limited started their trading session on Friday at Rs 956.55 and currently [...]
Multibagger Renewable energy stock receives an order for installing 14 wind turbine generators
Shares of a renewable energy company recovered from its intraday low of ₹ 24.50 apiece after gaining 4 percent. Its shares were trading at ₹ 25.50 apiece at 12:04 PM on Friday. India’s largest renewable energy provider, Suzlon Energy informed the exchanges that it has secured an order from BrightNight, a global renewable power producer, [...]
PSU stock is in green after company acquires stake in Gujarat Gas; Check the details
This insurance stock was in green during Friday’s trading session after the company increased its existing stake in Gujarat Gas Limited. It now holds more than 5% stake in total. Share price of LIC opened at Rs. 655.95 per share and traded higher to reach its intra- day high of Rs. 659.80 per piece. The [...]
Stock to Buy: Fundamentally strong auto stock gets a buy call for an upside more than 30%
The shares of India's largest passenger vehicle maker surged roughly 1.7 percent to Rs 10,463.90 per share on Friday’s trade after Citi raised its 'buy' recommendation to an upside of 33 percent. Maruti Suzuki India Ltd shares were trading at Rs 10,434.55 on the NSE at 11:40 a.m., up Rs 150.25 or 1.46 percent from [...]
Mahindra group stock with low debt reaches 52-week high after company announces plans for restructuring
This IT stock under Mahindra Group reached its 52- week high after the company announced its recent restructuring plans to merge with its subsidiary company. The stock witnessed an uptrend growth in its price in the market today. Share price of Tech Mahindra opened at Rs. 1290.05 per share and gained 2% in Friday market [...]
Multibagger Railway stock jumps up to 4% after receiving a project in Jharkhand worth ₹ 1271 Cr
Shares of this multibagger rail stock gained around 4 percent on Friday after bagging a project pertaining to the infrastructure development in Jharkhand. In the last month, the company’s stock has zoomed around 30 percent. With a market capitalization of Rs 33,808.60 crores, the stocks of Rail Vikas Nigam Limited opened their trading hour on [...]
J.P. Morgan to Include Indian Government Securities into Emerging Market Index
Government borrowing costs will decrease as a result of J.P. Morgan's announcement that it intends to incorporate Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index starting in 2019. From June 28, 2024, to March 31, 2025, the inclusion of the IGBs will happen in stages, representing a 1% increase [...]
Multibagger NBFC stock hits the 20% upper circuit as board to propose raising funds; Check the details
Shares of an NBFC rallied 20 percent to reach a record high of ₹ 68.80 apiece on the Bombay Stock Exchange (BSE). Its shares were locked in an upper circuit after it announced that its board is looking to raise funds. Mufin Green Finance said in an exchange filing that a meeting of the Board [...]
Zaggle Prepaid Falls 100 BPS on Issue; Bounces Back 4% to Rs. 170.7
On Friday, shares of fintech company Zaggle Prepaid Ocean Services Ltd. made a subdued market debut, falling over 1% on the BSE in comparison to the Rs 164 issue price. On the BSE, the stock began trading at Rs 162, down 1.21% from the issue price. Later, it made up the ground lost, rising 4% [...]
Sunteck Realty and IFC Partner in Rs. 750 Crore Housing Projects
In order to develop 4-6 affordable housing projects in the Mumbai Metropolitan Region (MMR), Sunteck Realty and IFC have established a joint platform to receive investments of up to Rs 750 crore. The largest international development organization with a focus on the private sector in emerging markets is IFC, a subsidiary of the World Bank. [...]
Samhi Hotels IPO: Stock Debuts 7% Higher Above Issue Price
Shares of Samhi Hotels Ltd on Friday listed with a gain of nearly 7% against the issue price of Rs 126. The stock made its debut at Rs 130.55, up 3.61% from the issue price on the BSE. Later, it climbed 5.55% to Rs 133. At the NSE, it began the trade at Rs 134.50, [...]
Jio Financial Services shares jump up to 2% after 1.65 Cr shares of the company changed hands
On August 21 this stock was listed on stock exchanges. In comparison to its discovery price of 261.85, the stock was listed at BSE share prices of 265 and NSE share prices of 262, respectively. On Friday stock rose up to 2% after 1.65 Cr shares changed hands. Jio Financial Services Ltd Jio Financial Services [...]
Pharma stock falls 6% after company proposes divestment of majority stake in subsidiary
Shares of this pharma stock under the mid-cap category fell up to 6 percent after the company agreed to the proposed divestment of a majority stake in its subsidiary company. With a market capitalization of Rs 22,267.30 crores, the stocks of Glenmark Pharmaceuticals Limited started their trading session on Friday at Rs 815.95 and currently [...]
Microcap stock jumps to reach 52-week high after company received order worth ₹ 72 Cr
This logistics stock reached its 52- week high in the market on Friday after the company received a long- term business order worth approximately Rs. 72 crore. Share price of AVG Logistics opened at Rs. 302.30 per share and gained almost 3% to reach its 52- week high of Rs. 305 levels. The stock gave [...]
Large cap IT stock declines 2.7% after company’s veteran CFO resigns; Check the details
The share of India's fourth largest software service company declined around 2.7 percent to Rs 417.50 a share after the company’s veteran CFO Jatin Dalal resigned. At 10:40 a.m., On the National stock exchange, Wipro Ltd shares were trading at Rs 420.90 per share, down 1.83 percent from the previous close price. The company has [...]
Inter Ministerial Discussion for Easing FDIs Underway: Official
According to a top government official, there is currently inter-ministerial discussion about further easing restrictions on foreign direct investment in the space industry in order to draw foreign players and private businesses. According to the official, there is a ton of room for foreign businesses to invest in India's rapidly expanding sector. The proposal to [...]
Fundamentally strong Chemical stock that is trading at a discount of 30% to keep an eye on
A stock is said to be ‘fundamentally strong’ when it portrays a specific set of characteristics such as consistent and improving financials, favourable leverage ratios, etc. Listed below is one such fundamentally strong stock that is trading at a discount of up to 30 percent from its 52-week high level: Anupam Rasayan India Limited With [...]
Everything you need to know about the Crompton-Butterfly Merger
To acquire a 55% stake in certain Butterfly trademarks from promoter group entities for a sum of Rs. 30.38 crore, at a price of Rs. 1,403 per equity share, Crompton Greaves signed definitive agreements with some members of the promoter group of Butterfly Gandhimathi Appliances Ltd. ("Butterfly") in February 2022. In order to purchase up [...]
Midcap Pharma stocks that are debt-free from the last 4 years to add to your watchlist
Debt to Equity measures how much total debt and financial obligations weigh against the total amount of shareholders' equity. Debt to equity shows how heavily a company's capital structure leans toward debt or equity for its financing, which shows how leveraged the business is financially which is an important metric to look at along with [...]
Smallcap stock falls 3.5% after India suspends visas for Canadians; Check the details
The shares visa consultancy service provider declined 3.5 percent to Rs 260.80 a share on Thursday after India suspended visas for Canadians. At 3:25 p.m., On the National stock exchange, BLS International Services Ltd shares were trading at Rs 263.10 per share, down 2.5 percent from the previous close price. The company has a market [...]
Bank stock jumps 48% in less than 10 days; What’s driving the rally?
Shares of a large-cap banking company zoomed 48 percent in less than ten days, increasing from ₹ 32.35 to ₹ 47.95 apiece. Its shares were trading at ₹ 45.85 apiece at 01:15 PM on Thursday. Shares of PSU Banks were on a roll this week, amid expectations of improved earnings and asset quality of state-owned [...]
Sebi issues guidelines for handling complaints received through the SCORES platform
A framework for resolving complaints received through the SCORES platform for registered entities and for monitoring such concerns by designated bodies was released by capital markets regulator Sebi on Thursday. The Securities and Exchange Board of India said in a circular that the new guidelines will come into force from December 4. SCORES was introduced [...]
Penny stock hits upper circuit after signing MoU with Amplify Cleantech Solution for EV charging Infra Development
This penny stock operates in the IT services industry with a market cap of Rs. 308 crore. On Thursday, the company’s shares hit 2% upper circuit within the first half hour of markets opening and is 39% away from 52 week high and has been experiencing strong momentum since mid April 2023, rising 109% since. [...]
HDFC AMC gets a nod from RBI to acquire up to 9.5% stake in these 4 Private Sector Banks; Check the details
HDFC Asset Management Company, providing various mutual fund and portfolio management services, has received approvals from the Reserve Bank of India (RBI) to acquire a stake in the below listed private-sector Banks. DCB Bank Limited With a market capitalization of Rs 3,928.62 crores, the stocks of DCB Bank Limited started their trading session on Thursday [...]
Tyre stock falls 3% after Labour Union halts production at manufacturing plant in Gujarat
Shares of this mid-cap stock involved in the Tyre industry fell around 3 percent on Thursday after operations at one of the company’s manufacturing plants were stopped by the labour union representatives due to concerns related to the long-term settlement agreement. With a market capitalization of Rs 23,393.94 crores, the stocks of Apollo Tyres Limited [...]
Kotak arm invests An additional Rs 600 Cr in Sify to expand data center capacity
On Thursday Kotak Alternate Asset Managers (Kotakalt) announced an additional Rs 600 crore investment in Sify Technologies. The investment by Kotak Data Center Fund into Sify Infinit Spaces (SISL), which takes the overall bet by Kotakalt to Rs 1,600 crore, has been deployed for expanding data centre capacity across India and investing in renewable energy, [...]
Markets down for a third day on weak global cues; ICICI slumps 2.81%
For the third straight session, selling pressure caused the equity benchmark indexes Sensex and Nifty to falter, and they ended the day over 1 per cent lower on Thursday as investors reduced their exposure to shares of financial, banking, and automotive companies. Following the US Federal Reserve's announcement that they anticipate raising rates again this [...]
ITC Hotels signs contract with Welcomhotel Kalimpong resorts
ITC Hotels on Thursday announced that it has signed a management agreement with a construction company for Welcomhotel Kalimpong resort in West Bengal. The 70-key greenfield project will spread over four acres of land and will offer plush rooms with views of the Himalayas and the valley, a company statement said. The business disclosed the [...]
Auto stock announces incorporation of NBFC with ₹ 200 Cr infusion for Vehicle Financing
This S&P BSE 500 stock is midcap with a market cap of Rs. 34,409 crore. On Thursday, the company’s shares opened flat and is 7% away from 52 week high and has been experiencing strong momentum since late March 2023, rising 52% since. The shares of this stock are trading at Rs. 3114.00 which is [...]
NBFC stock with high promoter holding reports strong business growth in the Investor Presentation
This S&P BSE 500 stock is classified as Smallcap with a market cap of Rs. 4,827 crore. On Thursday, the company’s shares opened flat and is 6% away from 52 week high and has been experiencing strong momentum since mid April 2023, rising 29% since. The shares of this stock are trading at Rs. 883.00 [...]
GG Engineering and Integra Essentia received board approval to execute the merger plan
The GG Engineering Ltd. board has given the approval for the company to merge with Integra Essentia Limited, which is involved in the steel and renewable energy industries. GG Engineering said in the regulatory filing on September 20 that the proposal remains subject to several other necessary approvals. "We would like to inform that the [...]
Tata Power Renewable Energy joins together with Dugar Power and enters the Nepali market
On Thursday renewables solution provider Tata Power Renewable Energy said that it has collaborated with Nepalese firm Dugar Power to accelerate Nepal's renewable energy initiatives. According to a statement, this tie-up heralds TPREL's strategic entry into Nepal's rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal's shift toward [...]
The previous promoters of DHFL were fined Rs 6 crore by Sebi for disclosure lapses
The capital market regulator Sebi fined 15 entities, including Kapil Wadhawan and Dheeraj Wadhawan, a total of Rs 6 crore on Wednesday for violating disclosure laws in the case of Deewan Housing Finance Corp Ltd (DHFL). Wadhawans are the former promoters of DHFL. The Securities and Exchange Board of India said in an order that [...]
EMS Ltd shares jump nearly 34% in debut trade
On Thursday shares of water and sewerage infra solutions player EMS Ltd listed with a premium of nearly 34 per cent against the issue price of Rs 211. The stock started trading on the BSE at Rs 281.55, a jump of 33.43 per cent. Later, it increased by 36.82% to Rs 288.70. At the NSE, [...]
Updater Services sets a price range of Rs. 280–300 for its Rs. 640–cr IPO
On Thursday Chennai-based integrated facilities management firm Updater Services announced the price band for its Rs 640-crore public offering, at Rs 280-300 per share, for the issue opening on September 25. The business, which was founded in Chennai way back in 1987, claims to be the market leader with revenues of Rs 2,100 crore in [...]
Small cap stock jumps up to 4% after SBI appoints the company as RTA
Shares of a financial services company jumped 4 percent to reach an intraday high of ₹ 469.35 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 456.40 apiece at 11:25 AM. According to an exchange filing by KFin Technologies, it has been appointed as Registrar & Share Transfer Agent (RTA) of [...]
Schneider Electric India plans to invest ₹ 3,200 Crore by 2026: CEO & MD Deepak Sharma
Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country, company's CEO & MD Deepak Sharma said. The investments will be made in nine states. "In line with our growth ambitions, we have plans to invest EUR 350 million (Rs 3,200 crore) in expanding [...]
Cement stocks fall after Brokerage downgrades the stocks by up to 14%; Check the details
India is the world's second-largest cement producer, accounting for more than 8 percent of global installed capacity. The cement industry in India reached 3.64 billion tonnes in 2022 and is anticipated to reach 4.83 billion tonnes by 2028, with a CAGR of 4.94 percent during 2023 and 2028. Analysts at Bernstein brokerage have downgraded three [...]
The Canada-based associate firm of M&M winds up
On Thursday Mahindra & Mahindra said its Canada-based associate firm Resson Aerospace Corporation has ceased to exist. The automaker from Mumbai owned 11.18 per cent of the company that had requested a voluntary winding-up. "Resson has received a Certificate of Dissolution from Corporations Canada dated September 20, 2023, which was informed to the company," Mahindra [...]
Newly listed stock jumps up to 3% after FII buys 20 lakh shares in the company via a bulk deal
This small-cap stock was listed on the 20th of September 2023 on both BSE and NSE. The shares were listed at a 14% premium, priced at Rs. 1,180 per share higher than the issue price of Rs. 1,035. On Thursday the company’s shares rose up to 3% after FII bought 20 lakh shares through a [...]
Paper stock jumps nearly 5% after company receives NCLT nod for the acquisition of Uniply Decor
Shares of a paper company appreciated to the tune of 5 percent to reach an intraday high of ₹ 701.00 apiece on the National Stock Exchange (NSE) after it received a nod from the National Company Law Tribunal (NCLT) to acquire Uniply Decor. According to an exchange filing, West Coast Paper Mills has received verbal [...]
Tirupati Starch & Chemicals stock jumps up to 4.3% after the petition ruled in the company’s favor
The shares of this agro company rose 2 percent to Rs 81.38 a share on Thursday after the Madhya Pradesh Electricity Regulatory Commission approved the company's petition. At 12:10 p.m., Tirupati Starch & Chemicals Ltd shares were trading at Rs 80 per share, up 0.28 from the previous close price. The company has a market [...]
Small cap stock hits 5% upper circuit after 96.2 Lakh shares of the company exchange hands
Shares of this small-cap stock hit the 5 percent upper circuit post a Block Deal in relation to the company’s shares worth Rs 138 crores. In the last five trading sessions, the company’s stock has gained more than 15 percent. With a market capitalization of Rs 5,676.97 crores, the stocks of Electronics Mart India Limited, [...]
Bank stock falls up to 7.5% after disclosure about misappropriation of funds, cheating and forgery
Shares of a small-cap payments bank plunged 7.5% on Thursday’s early trades to reach an intraday low of ₹ 305.50 apiece. This happened after the company made disclosure about the misappropriation of funds, cheating and forgery. Fino Payments Bank is an Indian scheduled commercial bank, engaged in providing digital-based financial services. It offers savings accounts, [...]
EV stock in green after company announces ₹ 125 Cr additional infusion in subsidiary’s manufacturing plant
This S&P BSE 500 auto ancillary stock is one of two only large battery technology – design, manufacture & sellers. On Thursday, the company’s shares opened flat but now trades in green, up 40 bps. Currently the stock is 6% away from 52 week high and has been experiencing strong momentum since March 2023, rising [...]
Microcap stock jumps up to 10% after company inaugurated a new manufacturing facility
The share of the leading manufacturer Pvc based products rose 10 percent on Thursday’s early trade after the company inaugurated its new manufacturing facility in Gujarat. At 10:55 a.m., Kaka Industries Ltd shares were trading at Rs 186.60 apiece, up 3.09 percent from the previous close price and the company has a market capitalization of [...]
PSU stock falls 10% after Government offloads 4.92% stake in the company via OFS
Shares of this PSU stock under the ‘mid-cap’ category fell around 10 percent on Thursday after Promoters initiated the offloading process of a 4.92 percent stake via an offer for sale. With a market capitalization of Rs 29,115.85 crores, the stocks of SJVN Limited, a public sector undertaking (PSU) engaged in the ‘Power’ industry, fell [...]
Smallcap stock jumps up to 5% after UK based FII buys 17.4 Lakh shares in the company via bulk deal
If more than 0.5% of a company's equity shares are traded in a single or numerous transactions, it is considered to be a bulk deal. This small-cap stock on Thursday gains up to 5% after UK-based FII bought 17.4 lakh shares via a bulk deal. Tarson Products Ltd Tarson Products Ltd is a small-cap company, [...]
Power stock gets a buy call by Jefferies for an upside of more than 20%; Are you holding it?
Stocks of this power stock under the ‘large-cap’ category are trading in the green after a well-known brokerage gave a Buy recommendation on the company’s stock with an upside of more than 20 percent. JSW Energy Limited With a market capitalization of Rs 66,946.52 crores, the stocks of JSW Energy Limited are currently trading at [...]
Stocks in which Canadian Pension Plan Investment Board holds a stake of up to 2.7%; Do you own any?
India-Canada relations hit a new low with Canada expelling an Indian diplomat over allegations of India's involvement in the killing of the Khalistan Tiger Force chief on Canadian soil. Experts believe that this will likely impact the country’s trade and investments in India as well. The Canadian Pension Plan Investment Board (CPPIB) has made several [...]
Goldman Sachs settles a Sebi FPI guidelines violation case for Rs. 26.44 lakh.
After contributing Rs 26.44 lakh toward the settlement sum, Goldman Sachs (Singapore) Pte settled with capital markets regulator Sebi a matter involving some inconsistencies in the monthly ODI (offshore derivative instruments) reporting. The order came after Goldman Sachs, a registered Foreign Portfolio Investor (FPI) that deals in off-shore derivative instruments, proposed to settle the alleged [...]
Godrej Properties raises Rs 1,160 Cr Through the issue of NCDs on a private placement basis
On Wednesday Realty firm Godrej Properties said that it has raised Rs 1,160 crore through the issue of non-convertible debentures on a private placement basis. The company said the allotment committee of the Board of Directors approved the allotment of the Non-Convertible Debentures (NCDs). In a regulatory filing. Godrej Properties said the company has allotted [...]
Infosys and NVIDIA Collaboration to Help Businesses Boost Productivity with Generative AI
Infosys a global leader in next-generation digital services and consulting, and NVIDIA today announced that they have expanded their strategic collaboration with the aim to help enterprises worldwide, drive productivity gains with generative AI applications and solutions. The expanded alliance will provide Infosys Topaz, an AI-first suite of services, solutions, and platforms that accelerate business [...]
NBFC stocks trading under ₹ 400 with low PE ratio than industry average to add to your watchlist
A stock is said to be ‘undervalued’ when the price-to-earnings (P/E) ratio of the company is comparatively less than the industry average. Listed below are three NBFC stocks under Rs 400 that have a price-to-earnings (P/E) ratio lesser than that of the industry: L&T Finance Holdings Limited With a market capitalization of Rs 31,150.11 crores, [...]
Fundamentally strong microcap stock jumps after reporting strong growth in Business
This microcap stock rose 3% today and currently trades at Rs. 84.23 with a market cap of Rs. 567 crore. The stock is trading 11% away from its 52 week high. The stock has been on an uptrend since early April 2023 and now stands 13% higher than its 200 day moving average. International Conveyors [...]
Energy stock jumps up to 5% after company announces increase in operating capacity to 750 MW
This green energy stock rallied 5% on Wednesday to reach its 52- week high after the company announced its new operating capacity of 750 MW. Share price of Insolation Energy closed at Rs. 421.80 per share on Wednesday. It opened 5% higher to reach its 52- week high of Rs. 440.15 per share. The stock [...]
5 Stocks that delivered multibagger returns of up to 229% after a new CEO was appointed; Do you own any?
The price of a stock is determined by various factors like regulation, competition, liquidity, business prospects and so on. While a company’s leadership is critical to its success, its share price is not solely determined by the appointment of a CEO. However, the impact of leadership cannot be understated either. Reports suggest that 73 out [...]
Sensex and Nifty declines over 1% ahead of the Fed’s interest rate decision; HDFC Bank and RIL slide
Due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. Benchmark indices Sensex and Nifty declined more than 1 per cent on Wednesday. The 30-share BSE Sensex declined for a second day in a row, down 796 points or 1.18 per [...]
After inspection, the USFDA issued 1 observation to the Aurobindo Unit’s Andhra plant
On Wednesday Aurobindo Pharma said that the US health regulator has issued a Form 483 with one observation after inspecting a formulation production facility of its unit in Andhra Pradesh. The US Food and Drug Administration (US FDA) inspected Unit IV of APL Healthcare Ltd, a wholly-owned subsidiary of the company, in Tirupati district of [...]
India Ratings raises its FY24 GDP growth forecast to 6.2%
On Wednesday India Ratings and Research upwardly revised its FY24 real GDP growth estimate to 6.2 per cent from the 5.9 per cent expected earlier. The local rating agency ascribed its revision to a number of elements, including the government's capital expenditure, deleveraged bank and India Inc. balance sheets, low global commodity prices, and the [...]
Stock in green after its subsidiary receives order worth ₹ 737 Cr from Min. of Road Transport & Highways
This infra stock rose more than 2% in Wednesday’s trading session after the company’s subsidiary received an order worth Rs. 737 crore from the Ministry of Road Transport and Highways. Share price of G R Infra opened at Rs. 1250.05 per share and gained more than 2% in the market today to reach its intra- [...]
Smallcap stock jumps up to 3.6% after bagging orders worth ₹ 645.70 Cr for distribution infrastructure
Shares of a construction company climbed 3.60% to reach an intraday high of ₹ 109.40 apiece on the National Stock Exchange (NSE). This happened after it bagged orders worth ₹ 645.70 crores. Ashoka Buildcon is engaged in the business of construction and infrastructure facilities on an EPC (Engineering, Procurement and Construction) and BOT (Build-Operate-Transfer)basis. It [...]
Defence stock jumps after company bags an order worth ₹ 291 Cr from Indian Air Force
This S&P BSE 500 company which is also a category-I miniratna is currently trading at Rs. 1054.95 and rose up to 3% on Wednesday within the first half hour of markets opening after it bagged an order worth Rs. 291 crore. The stock trades 17.4% away from its 52 week high. The stock is 3.4% [...]
Investors adopt a cautious stance; in August, debt mutual funds saw outflows of Rs 25,872 crore
Debt-oriented mutual fund schemes experienced a stunning influx in July, but last month saw a withdrawal of Rs 25,872 crore as investors remained cautious given the US interest rate environment. Data with the Association of Mutual Funds in India (Amfi) showed that out of 16 debt categories, nine of them witnessed net outflows during the [...]
Multibagger Textile stock jumps 10% after NCLT sanctioned a demerger; Check the details
Shares of a company in the textile industry surged 10.23 per cent to reach a fresh 52-week high of ₹ 268.90 apiece on the Bombay Stock Exchange (BSE). This happened after the company announced that the NCLT had sanctioned its demerger. Jasch Industries is engaged in manufacturing coated textile/synthetic leather and electronic thickness gauges. The [...]
Total will invest USD 300 million in joint venture with the Adani Group
On Wednesday the Indian conglomerate said in the stock exchange filing that France's TotalEnergies SE will invest USD 300 million in a new joint venture with Adani Group for the renewable energy project. Adani Green Energy Ltd, the renewable energy arm of the Adani group, said: "Total will make a further investment (either directly or [...]
The flexible office space will increase by 52% to 81 million square feet by 2025: Report
According to real estate consultant Vestian, Flexible office space operators currently have a portfolio of 53.4 million square feet and the number is projected to grow 52 per cent by 2025 to 81 million square feet on rising demand from corporates. In its report 'Flexing the Workspace-Back to Office' released on Wednesday, Vestian highlighted that [...]
Tata Group stock hits 52-week high after company partners with Norway’s national payment systems
This Tata group stock reached its 52- week high in the market today after the company announced its partnership with BankID BankAxept AS. The stock saw a potential movement during the trading session. Share price of TCS opened at Rs. 3,580 levels and traded higher to reach its 52- week high of Rs. 3625 levels. [...]
Pharma stock jumps 3% after receiving marketing authorization for Cancer drugs in Serbian market
Shares of this pharma stock under the ‘micro-cap’ category jumped around 3 percent in Wednesday’s trading session after the company received marketing approvals for cancer drugs in Serbian markets. During the last six months, the company’s stock has gained more than 50 percent. With a market capitalization of Rs 320.41 crores, the stocks of Venus [...]
Kerala Chief Minister Unveils New Seaport; To Boost Trade
At a ceremony held here on Wednesday, Kerala Chief Minister Pinarayi Vijayan unveiled the logo and identity of the ambitious international seaport that is currently nearing completion at Vizhinjam. Vizhinjam International Seaport, Thiruvananthapuram will be the port's name. According to official sources, the logo would improve the port's visibility on maps of international maritime trade. [...]
Small cap stock jumps up to 6% after company bags an order worth ₹ 167 Cr from Delhi International Airport
This small-cap stock on Wednesday rose more than 6% after the company received an order worth Rs. 167 Cr. On the same day, the stock reached a new 52-week high of Rs. 57.75. Currently, the stocks are trading above both the 50-day and 200-day moving averages. B L Kashyap and Sons Ltd It is a [...]
Asia Healthcare will Invest Rs. 600 Crore in Asian Institute of Nephrology and Urology; Company to Acquire Majority Stake
On Wednesday, Asia Healthcare Holdings announced that it had purchased the majority of the shares in the Asian Institute of Nephrology and Urology and that it would contribute Rs 600 crore to the latter. The investment will be made using a combination of primary and secondary infusion, according to a statement from Asia Healthcare Holdings [...]
Organizations to be Given a Year to Confirm to Data Protection Act 2023: Minister of Electronics & IT
According to Wednesday's statement by Minister of State for Electronics and IT Rajeev Chandrasekhar, organizations may be given about a year to adjust their systems to conform to the requirements of the Digital Personal Data Protection Act, 2023. On the sidelines of an industry consultation, Chandrasekhar addressed the media and promised that the Data Protection [...]
Drone stock jumps 8% after company signs a franchise deal with WollStone Capital to boost sales
This drone stock rallied 8% in the first half of Wednesday after the company partnered with Wollstone Capital SA which is a private investment holding company in Switzerland. Share price of Droneacharya opened at Rs. 174.30 per share and gained 8% to reach its intra- day high of Rs. 190.25 per share. The stock has [...]
Steel stock jumps 6% after Indian Govt grants environmental clearance for coal mine in Chhattisgarh
Shares of this multibagger small-cap stock under the ‘Iron & Steel’ sector jumped around 6 percent in Wednesday’s trading session after receiving environmental clearance for a commercial coal mine. In the last month itself, the company’s stock gained more than 40 percent. With a market capitalization of Rs 2,472.22 crores, the stocks of Prakash Industries [...]
Fundamentally strong stock falls more than 4% after Analyst downgrades it from ‘Buy’ to ‘Neutral’
Shares of a fundamentally strong large-cap stock shed 4.05 per cent to reach an intraday low of ₹ 1,563.10 apiece on the National Stock Exchange (NSE). This happened after the company received a downgrade from Nomura. Its shares were trading at ₹ 1,567.85 apiece at 11:07 AM on Wednesday. Brokerage firm Nomura has downgraded HDFC [...]
Renewable energy stock jumps 7% after signing MoU for projects worth ₹ 1,18,826 Cr with PFC
Shares of a renewable energy company notched 7.31% gains to reach an intraday high of ₹ 82.25 apiece on the National Stock Exchange (NSE). This happened after the company announced that it had signed a MoU for projects worth ₹ 1,18,826 Crore. Its shares were trading at ₹ 82.00 apiece at 12:18 PM. SJVN Ltd [...]
Modi Govt Implemented Reforms Drive Macro Growth in Unfavorable Environment: RBI Member
According to RBI Monetary Policy Committee (MPC) Member Ashima Goyal, the Indian economy has begun to perform well despite the unfavorable global environment because the Modi-led government carried out numerous reforms over the past nine years, improving important macroeconomic indicators. Goyal was questioned about how she would contrast the nine years of the Modi-led NDA [...]
Defence stock jumps up to 3% after company signed MoUs with Lloyd’s Register and Caterpillar Inc
This defence stock held by ace investor Ramesh Damani surged more than 3% in the market after the company entered into two non- binding MoUs with Lloyd’s Register and Caterpillar Inc on Wednesday morning. Share price of Garden Reach opened at Rs. 814.15 per share and rose more than 3% to reach its intra- day [...]
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