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Vijay Kedia Stock jumps 9% after reporting 59% YoY increase in net profits
This Ace Investor Vijay Kedia stock which deals in the business of manufacturing and selling of Auto Rickshaws in the domestic and overseas market, surged upto 9 percent after Q3FY25 results reporting a net profit growth of 59 percent year on year. Share Price Movement In Monday’s trading session, Atul Auto's share price was up [...]
20% Upper Circuit: Cable stock jumps after reporting 81% QoQ increase in net profit
During Monday’s trading session, shares of a company engaged in providing solutions for various electrical connectivity requirements hit a 20 percent upper circuit at Rs. 196.5, after the company reported a rise in net profit by around 81 percent QoQ and 56.7 percent YoY in Q3 FY25. Price Movement: With a market cap of Rs. [...]
Textile stock jumps upto 7% after reporting 78% QoQ increase in net profits
The shares of one of the leading manufacturers and exporters of apparel have jumped up to 7 percent following their Q3 results with a 78 percent rise in Profit QoQ. Price action With a market capitalization of Rs. 6,500.59 crores on Monday, the shares of Gokaldas Exports Limited jumped up to 7 percent making a [...]
Steel stock jumps 3% after announcing CapEx worth ₹113 Cr to increase production capacity
The shares of this Steel Stock, which is one of the largest manufacturers of large-diameter pipes, with a presence across six continents and fifty countries, jumped 3% following plans of investing Rs. 113 crore for setting up a new production line to expand operational capacity. Stock Price Movement: In Wednesday’s trading session, Welspun Corp Limited's [...]
Stock jumps 11% after net losses reduces by 70% YoY in Q3 results
This small-cap stock, which is in the business of offering products for babies, mothers, and kids through its FirstCry online platform was up by 11 percent after the company reported a reduction in net losses year on year in Q3FY25 results. Price Movement With a market capitalization of Rs. 1,099.08 Crores, the shares of Brainbees [...]
Miniratna stock in focus after receiving multiple work orders worth ₹727 Cr
The shares of Mini Ratna stock specializing in the design, construction, and maintenance of large-scale infrastructure projects jumped up to 2 percent upon receiving two work orders for Rs. 726.3 Cr. Price action With a market capitalization of 17,611.16 Crores on Monday, the shares of Ircon International Limited rose by 2.2 percent making a high [...]
Kapston Services stock jumps 7% after reporting 68% increase in net profits YoY
The shares of a micro cap manpower solution provider engaged in facility management and staffing services surged as much as 7 percent on Monday’s trade after reporting strong Q3 numbers where Net profits jumped 68 percent YoY. Share Price Movement The shares of Kapston Services Ltd, with a market capitalization of Rs 523 Crores, gained [...]
Auto stock hits 20% lower circuit after reporting 78% decrease in net profits QoQ
Auto Ancillaries stock is engaged in manufacturing engine cooling modules and systems, as well as engine sealing gaskets, for automotive and industrial applications in India and internationally, hit a 20 percent lower circuit after it reported a weak quarterly result and announced a dividend of Rs. 11. Stock Price Movement: With a market capitalization of [...]
Ashish Kacholia stock hits 10% lower circuit despite revenue increase of 69% YoY; Here’s Why?
Ace Investor Ashish Kacholia’s stock specializing in providing automated solutions for business expense management hit a 10 percent lower circuit despite the positive Q3 results with a 30 percent rise in profit Year on Year. Price action With a market capitalization of Rs. 5,694 crores on Monday, the shares of Zaggle Prepaid Ocean Services Limited [...]
Navratna defence stock in focus after receiving order worth ₹962 Cr from Indian Navy
This Defence PSU company which is in the business of manufacturing and supplying electronic equipment and systems to the sector of defence, surged 2 percent in opening trade after receiving orders worth Rs. 962 crore including from the Indian Navy. Share Price Movement In Monday’s trading session, BEL's share price was up by 1.95 percent [...]
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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
Glanmerk Life Sciences Q2 Results: PAT jums by 11% YoY
On Friday, Glenmark Life Sciences said its profit after tax grew 11 per cent YoY to Rs 119 crore for the second quarter ended September 30, 2023. During the quarter Revenue from operations rose by 17 per cent YoY to Rs 595 crore. Glenmark Life Sciences said in a regulatory filing. "Geographically, regulated markets including [...]
Hindustan Zinc Q2 Results: Consolidated profit drops by 35.4% YoY
Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday posted a 35.4 per cent drop in consolidated profit to Rs 1,729 crore for the September quarter, because of lower income. In the year-ago period, the company had reported a consolidated profit of Rs 2,680 crore, HZL said in a filing to the BSE. During the [...]
Vijay Kedia stock jumps up to 5% after it bags order worth ₹ 51 Cr for supply of pipe conveyor system
This S&P BSE Smallcap Stock Jumped 4.8% on Friday within the first hour of markets opening after an announcement regarding its receipt of a new order. The company has a market cap of Rs. 9,032 crore and is 18% away from its 52 week high, trading at Rs. 805.00 versus Rs. 787.90 at previous close. [...]
Defence stock jumps up to 3% after it receives DGCA approval for the sale of agri-drones
This S&P BSE Smallcap Stock Jumped 3% on Friday within the first hour of markets opening after an announcement regarding its receipt of a key regulatory certificate in its Agro Drone business. The company has a market cap of Rs. 2,883 crore and is 13% away from its 52 week high, trading at Rs. 739.15 [...]
Bank stock jumps up to 2% after RBI approves the acquisition of Sonata Finance for ₹ 537 Cr
The shares of India's fourth largest private sector bank by assets gained 2 percent to Rs 1,773.20 a share after the company received approval from the Reserve Bank of India to acquire Sonata Finance for Rs 537 crore. At 3:20 p.m., Kotak Mahindra Bank Ltd shares were trading at Rs 1,771.10 on the National Stock [...]
2 Mid cap stocks jump after announcing their Q2 results; Check the details
Here are the two stocks that have built a strong brand and customer loyalty in the sectors of Footwear and Milk products,And these companies' shares have gained after they released September quarter results(Q2FY24). Metro Brands Metro Brands Limited is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian [...]
Adani Cement refinances USD 3.5 bn loan
Adani Cement announced on Friday that it had refinanced a USD 3.5 billion loan it took to acquire ACC and Ambuja Cement, indicating the growing trust of international institutions in the conglomerate. The firm said in a statement that as many as 10 international banks refinanced the facility. "The re-financing program of USD 3.5 billion [...]
CSB Bank Q2 Results: Net profit rises by 10% YoY
CSB Bank, a private sector lender on Friday posted a 10 per cent rise in net profit at Rs 133 crore in the second quarter ended September 2023 as bad loans decreased. The Kerala-based bank, in the year-ago period, had posted a net profit of Rs 121 crore. CSB Bank said in a regulatory filing [...]
TVS Motor Company enters the Venezuelan market
On Friday, TVS Motor Company announced that its foray into the Venezuelan market with plans to launch 14 products, including two-wheelers and three-wheelers. TVS Motors Company said in the filing that the company will be introducing the products with its local distributor, SERVISUMINISTROS JPG. The company's product line includes premium motorcycles like as the RR [...]
Small cap stock in green after it partners with Karnataka bank to provide banking services across PAN India
The small cap technology company opened Friday's trading session on a positive note as it partnered with Karnataka bank to provide banking services across PAN India. With a market capitalization of Rs. 2,038.5 cr,the shares of Vakrangee opened its today’s trading session today on higher note ,indicating a gain of around 2 % as compared [...]
Smallcap stock jumps up to 9% after ONGC to acquire its subsidiary company for ₹ 925 Cr
The shares of the small cap power company opened on a strong note on Friday and gained 6% after it agreed to ONGC's bid to acquire one of its subsidiaries for Rs 925 cr. With a market capitalization of Rs.4,095 cr, the shares of PTC India gained 6% and were trading at Rs 147 levels [...]
Tata Group stock jumps up to 2% after receiving an order worth ₹ 107.73 Cr for supply of 5G network equipment
Shares of this small-cap stock under the Tata Group universe gained up to 2 percent after the company received a purchase order from another in-house entity under the group worth Rs 107.73 crores. With a market capitalization of Rs 15,063.61 crores, the stocks of Tejas Networks Limited, a Tata Group company, opened their trading hour [...]
FII sells 1.1% stake in this large cap stock via block deal; Check the details
Shares of this company are trading at Rs. 112.75, flat from Rs. 111.70 at previous close. The company’s stock is trading 2% away from its 52 week high with a market cap of Rs. 97,015 crore. The company had USD 123 million or Rs. 1,022 crore worth of stake sold by the venture capital arm [...]
Defence stock hits upper circuit after its bags orders worth ₹ 33.50 Cr for advanced engineering products
Multibagger Aerospace & Defence manufacturer, which is a qualified Indian Offset Partner for defence production, hits 2 percent upper circuit after it bags additional orders worth Rs. 33.50 crores. At the day’s trade the shares of Sika Interplant Systems hit 2 percent upper circuit at Rs. 1,196.45 a piece and the company’s market capitalization Rs. [...]
Cyient signs initial contract with CEMS
On Friday, digital, engineering and technology solutions company Cyient said it has signed an initial pact with the Centre of Excellence in Maritime and Shipbuilding (CEMS) to collaborate on skill enhancement training for the student community. Cyient said in the statement that one of the primary objectives of this industry-academia partnership is to leverage Cyient's [...]
NLC India Ltd looking into the possibility of mining essential minerals and will participate in an auction: CMD
The company’s CMD Prasanna Kumar Motupalli said on Friday that NLC India Ltd is exploring the possibility of mining critical minerals, including lithium, and will participate in the auction of the blocks once they are on offer. The statement comes at a time when the government is in the process of auctioning critical minerals. In [...]
IT stock jumps 9% on robust Q2 results; Net Profits increase 30% YoY
Shares of this IT stock under the ‘small-cap’ category soared up to 9 percent in Friday’s trading session after the company posted financial results for Q2FY’24, i.e., for the quarter ended September 2023. With a market capitalization of Rs 14,478.47 crores, the stocks of Tanla Platforms Limited started their trading session on Friday at Rs [...]
Steel stock jumps 5% after it reports 120% YoY growth in net profits; Declares dividend
Multibagger stock which is India’s leading stainless steel manufacturer gains 5 percent after it releases its quarter ended September (Q2FY24) results and declares a dividend of Rs. 1 per equity share. At 12:50 p.m the shares of Jindal Stainless Limited were trading at Rs. 472.70 up 5 percent from its previous day close price and [...]
2 Blue Chip stocks get a buy call for an upside of up to 24% after announcing their Q2 results
These Blue Chip Stocks are part of the S&P BSE SENSEX Index and have market cap of Rs. 5,86,881 crore and Rs. 5,47,598 crore. These companies have announced their results for Q2 FY24 and analysts from J.P Morgan and Citi have updated their estimates for their respective stock prices. In filings dated 19th October 2023, [...]
Omega Seiki Mobility’s partnership with Honda Power Pack Energy for battery swap technology
Omega Seiki Mobility, an electric vehicle maker on Friday announced a strategic partnership with Honda Power Pack Energy India (HEID) for implementing battery swap technology in over 10,000 passenger and cargo vehicles in the next two years. OSM said in the statement that under this collaboration, HEID, the subsidiary company of Japanese automobile giant Honda [...]
Tata Group stock to raise up to ₹ 500 Cr through NCDs for capex on new manufacturing plants
This mid-cap firm in the Tata group conglomerate approved fundraising through NCDs up to Rs 500 crore and reported Q2 results with a profit of Rs 36 crore year on year. At 12:15 p.m., On Friday, Voltas Ltd shares were trading at Rs 823.85 per share, up Rs 15.20 or 1.81 percent on the National [...]
Multibagger PSU stock jumps up to 3% after it bags orders worth ₹ 420 Cr from Western Railways
Multibagger central public sector enterprise with navratna status which is into engineering railways bags 2 orders for a consideration of Rs. 420 Crores from Western Railways. At 11:38 a.m the shares of Rail Vikas Nigam Limited were trading at Rs. 169 per shares, up 1.25 percent from its previous day close price and its market [...]
Penny stock jumps up to 3.6% after it received an order from Maharashtra’s Chief Electoral Officer
The shares of this Information Technology stock gained 3.7 percent to Rs 46.97 a share on Friday after it received an order from Maharashtra’s Chief Electoral Officer. At 11:55 a.m., Atishay Ltd shares were trading at Rs 45.89 on the Bombay Stock Exchange, up 1.30 percent from the previous close price. The company has a [...]
Pharma stock jumps up to 13.5% after forming a JV with Saudi National Projects Investment
This S&P BSE Smallcap stock has a market cap of Rs. 1,342 crore and rose around 13.5% with volumes that are over 3x monthly average volumes and also made a new 52 week high at Rs. 43.90. The stock gained after the company announced a new Joint Venture with Saudi National Projects Investment. The stock [...]
Micro cap stock with high RoE to raise funds; Check the details
The plywood company’s share opened marginally lower on Friday's trading session lower compared to its previous close when it hit a 20% upper circuit as the company approved for fundraise. The stock has gained nearly 20 percent in the past one month. With a market capitalization of 929.36 crore, the shares of Rushil Decor opened [...]
Fundamentally strong Bank stock gets a buy call for an upside of more than 35%; Do you own it?
A company is said to be ‘fundamentally strong’ when it portrays a specific set of characteristics, viz, strong and consistent financials, lower leverage ratios, etc. Listed below is one such fundamentally strong bank stock that one should add to their portfolio for a potential upside of more than 30 percent: State Bank of India With [...]
Markets continue to drop as a result of weak global trends and rising crude oil prices.
Equity benchmark indices fell in early trade on Friday. Because of the weak trends in global markets and soaring crude oil prices. Foreign fund outflows also weighed on investor sentiments. Falling for the third day running, the 30-share BSE Sensex dropped 320.63 points to 65,308.61. The Nifty fell 106 points to 19,518.70. Among the Sensex [...]
Tata Coffee Q2 Results: Consolidated net profit declines to Rs 56.70 Cr
Tata Group company Tata Coffee on Thursday posted a 151.14 per cent decline in consolidated net profit to Rs 56.70 crore for the second quarter ended September 30. Tata Coffee said in the regulatory filing that the company's consolidated net profit stood at Rs 142.40 crore a year ago. Its revenue from operations dropped by [...]
HFCL Q2 Results: Consolidated net profit drops by 17% YoY
HFCL, domestic telecom gear maker on Thursday reported a decline of 16.77 per cent in consolidated profit after tax at Rs 70.17 crore in the second quarter ended September 30, 2023. In the same period a year ago, the company had reported a profit after tax of Rs 84.31 crore. The consolidated revenue of HFCL [...]
Havells Q2 Results: Consolidated net profit jumps by 33.2% YoY
Havells India manufacturer of electrical goods and appliances, on Thursday said its consolidated net profit increased 33.2 per cent to Rs 249.08 crore in the September quarter. According to the regulatory filing, the company had reported a net profit of Rs 187.01 crore in the corresponding period last fiscal. Its revenue from operations was at [...]
Wendt India Q2 Results: Standalone net profit falls to Rs 8.58 Cr
Wendt India a manufacturer of abrasives and precision components, has posted a standalone profit for the July-September quarter at Rs 8.58 crore, the company said on Thursday. In the last year the same quarter, the Murugappa group company registered a standalone profit of Rs 9.28 crore. The company declared a standalone profit of Rs 17.26 [...]
Midcap stock crashes 10% after Analyst downgrades it from buy to hold; Check the reasons here
Shares of this midcap gas distribution company fell by 9.90 percent after Jefferies downgrades and cut target price by 3 percent. At 10:30, 20th October shares of Indraprastha Gas Ltd were trading at Rs. 412.35 per share, down by 9.90 percent from previous closing price of Rs. 457.65 per share. Such bearish stock price movements [...]
2 PSU stocks join hands to finance a project worth ₹ 30,000 Crore; Check the details
The State-owned company’s share opened Thursday's trading session on a positive note as it joined hands with a PSU bank to co-finance projects worth Rs 30,000 crore for next five years. With a market capitalization of 76,073 crore ,the power project financing company REC ltd opened their Thursday trading session on a positive note. The [...]
Cement stock jumps 3% after company reports 69% YoY growth in net profits in Q2
The shares of India’s leading and largest cement manufacturer gained 3 percent in the day’s trade after it announced its quarter ended September (Q2FY24) results with 69 percent growth in the net profit year-on-year basis. At the day’s closing the shares of Ultratech Cement were trading at Rs. 8,514.65 up 2.86 percent from its previous [...]
Small cap stock trades flat after FII buys 24.71 Lakh shares in the company
This S&P BSE Smallcap stock has a market cap of Rs. 6,710 crore and rose around 2% within the first hour of markets open with volumes that are over 0.3x monthly average volumes. The stock trades 2% away from its 52 week high and has a significant DII and FII holding. DIIs hold 22% and [...]
Small cap stock in green after it announces QIP at premium; Check the details
This S&P BSE Smallcap stock has a market cap of Rs. 7,284 crore and rose around 1% within the first hour of markets open with volumes that are over 0.3x monthly average volumes. The stock gained after the company announced a new QIP issued at a premium. The stock trades 6% away from its 52 [...]
PVR INOX Q2 Results: Net profit at Rs. 166.3 Cr, revenue at Rs. 2,000 Cr
On Thursday leading cinema exhibitor PVR INOX reported a consolidated net profit of Rs 166.3 crore for the September quarter. According to a regulatory filing, The company, earlier known as PVR Ltd, posted a net loss of Rs 71.2 crore in the year-ago period. For the second quarter of the current financial year, Its revenue [...]
Biocon Biologics appoints Kedar Upadhye as new CFO
On Thursday Biocon Biologics said it has appointed Kedar Upadhye as its new CFO. Upadhye replaces MB Chinappa who will take up a finance role at the Biocon Group. The Bengaluru-based compnay said in a statement that the leadership changes will be effective October 31, 2023, the Bengaluru-based company said in a statement. "He (Upadhye) [...]
South Indian Bank Q2 Results: Net profit increases by 23% YoY
South Indian Bank on Thursday posted a 23 per cent rise in net profit to Rs 275 crore for the September quarter as provisions for bad loans came down significantly. In the year-ago period, the lender had posted a net profit of Rs 223 crore. During the July-September period, total income climbed to Rs 2,485 [...]
IT stock soars up to 4% as it reports 19% increase in net profits in Q2
The shares of this Information Technology company which is one of the leading digital engineering and enterprise modernization partner for global market leaders across globe jumps 4 percent after its releases robust quarter ended september (Q2FY24) results At 2:50 p.m the shares of Persistent Systems were trading at Rs. 5832.65 per share up 2.10 percent [...]
KIOCL Director, CFO Manoj Kumar Jhawar resigns
Manoj Kumar Jhawar has resigned as the director and chief financial officer (CFO) of the company. KIOCL said on Thursday. According to a regulatory filing, Being a government company, Jhawar's resignation has been submitted to the Union Ministry of Steel for consideration and further details will be submitted on receipt of communication from the ministry. [...]
Welspun Crop received a contract to supply 61,000 MT of LSAW pipes and bends to the Middle East
On Thursday Welspun Corp Ltd (WCL) said it has bagged a contract to supply 61,000 metric tonnes (MT) of LSAW pipes and bends in the Middle East. WCL said in the statement that the company will supply the longitudinally submerged arc welding (LSAW) pipes and bends from its plant, located at Anjar in Gujarat. "Welspun [...]
Coal dispatch may exceed one billion tones this fiscal year: Coal ministry
The dispatch of coal is likely to exceed one billion tones in the current financial year. The coal ministry said on Thursday. During the current fiscal year, the coal ministry's target is to produce and deliver 1,012 million tonnes (MT) of coal to consumers. "During the second half of the year, the rate of production [...]
Granules India receives USFDA nod for generic drug used for the short-term treatment of heartburn
On Thursday, Granules India Ltd said it has received approval from the US health regulator for its generic Esomeprazole Magnesium delayed-release capsules indicated for short-term treatment of heartburn and other symptoms associated with gastroesophageal reflux disease. Granules India said in a regulatory filing that the approval by the US Food & Drug Administration (USFDA) is [...]
Blue Jet Healthcare plans to raise Rs 840 crore through an IPO; sets a price band of Rs 329-346 per share
Blue Jet Healthcare a pharmaceutical ingredient maker fixed a price band of Rs 329-346 per share for its Rs 840 crore Initial Public Offering (IPO) on Thursday. The bidding for the issue, which is entirely an Offer for Sale (OFS) component of 2.42 crore shares by promoters - Akshay Bansarilal Arora and Shiven Akshay Arora [...]
Adani Energy has completed the Warora-Kurnool transmission line
Adani Energy has commissioned the largest inter-regional 765 KV Warora-Kurnool electricity transmission line. The company said on Thursday. According to a statement, The project, spanning 1,756 circuit kilometres (ckm) across Maharashtra, Telangana and Andhra Pradesh, will strengthen the national grid to ensure a seamless power flow of 4,500 MW between western and southern regions. The [...]
Mastek signs a new 3 year contract with UK Govt; Check the order value here
This S&P BSE 500 stock is India’s largest hospitality chain and has a market cap of Rs. 7,284 crore and rose around 2% within the first hour of markets open with volumes that are over 0.8x monthly average volumes. The stock gained after the company received a new contract from the UK Government. The stock [...]
PSU stock gains after Modi’s committee approves Green Energy corridor project worth ₹ 20,773 Cr
Shares of this Public Sector Undertaking company are trading in the green after the Indian Government approved a Green Energy Corridor project worth more than Rs 20,000 crores. With a market capitalization of Rs 1.91 lakh crores, the stocks of Power Grid Corporation of India Limited opened their trading hour on Thursday at Rs 204 [...]
Smallcap stock falls up to 5% after company’s net profits drop 81% YoY in Q2
Shares of this consumer retail stock plunged up to 5% percent on Thursday after the company posted disappointing bottom-line results for Q2FY24, i.e., for the quarter ended September 2023. With a market capitalization of Rs 7,420.19 crores, the stocks of Shoppers Stop Limited started their trading session on Thursday at Rs 660 and currently trades [...]
IT stock jumps up to 3% after it announces Q2 results and declares second interim dividend of ₹ 19
Shares of one of india’s leading Information Technology company jumps 3 percent after the company’s board releases its september ended Q2FY24 results and declares a second interim dividend of Rs. 19 At 12:55 p.m the shares of Coforge were trading at Rs. 5,123 up 0.60 percent from its previous day close price and the market [...]
Large cap FMCG stock hits all time high after it announces first ever stock split
This S&P BSE SENSEX stock is India’s second largest FMCG company and has a market cap of Rs. 2,26,695 crore and rose over 1.5% to make a new 52 week high with volumes that are over 1.5x previous session’s and the monthly average volumes. The stock gained after announcing its results and additionally, it recently [...]
Microcap stock hits upper circuit after it bags orders worth ₹ 739 Cr from NHAI
Multibagger infra stock hits 2 percent upper circuit after it bags its largest order till date worth Rs. 739 crores from National Highways Authority of India (NHAI) for the construction of 4 lane Bypass in the state of Uttar Pradesh. In today’s trade the shares of GPT Infraprojects hit 2 percent upper circuit at a [...]
Servotech, IIT Roorkee Collaborate to Develop Rectifier Units of CCS2 Chargers and Onboard Chargers for Electric Vehicles
Servotech Power Systems Ltd. (SPSL), India’s leading EV charger manufacturer has recently signed two MOUs with IIT Roorkee to develop state-of-the-art rectifier units for CCS2 chargers and Onboard EV chargers for 2, 3 and 4 Wheelers. The rectifier unit, an integral component of the CCS2 charger that is currently imported. This collaboration will boost domestic [...]
FMCG stock falls 2% after company faces cancer allegation in US and GST Tax evasion notice
FMCG stock opened lower in today's trading session as its subsidiaries face litigation in the US and canada. The shares of FMCG company Dabur witnessed selling pressure in the Thursday morning session and are currently trading at 526 levels. The stock opened lower and went to hit intraday low of Rs 520.20 on NSE, indicating [...]
Auto Ancillary stock jumps up to 5% after ICICI Prudential Mutual Fund buys 6.24 lakh shares
Shares of this auto-ancillary stock under the small-cap category rose to 5 percent in Thursday’s trading session after ICICI Prudential Mutual Fund bought an additional stake in the company. With a market capitalization of Rs 3,400.82 crores, the stocks of Divgi TorqTransfer Systems Limited, an automotive component entity opened their trading hour on Thursday at [...]
Penny stock held by Dolly Khanna falls up to 4.5% after SBI reduced its stake in the company
The shares of this renowned sugar producer declined by 4.5 percent to Rs 52.35 a share on Thursday after the State Bank of India reduced its stake by 2.06 percent in the company. At 11:30 a.m., Rajshree Sugars and Chemicals Ltd shares were trading at Rs 53.50 a share, down 3.37 percent on the National [...]
LTI Mindtree, Indusind Bank, ICICI Lombard, Bajaj Auto, 5paisa Capital announce their Q2 results
In filings dated 18th October 2023, LTIMindtree Ltd (“LTIM”), Indusind Bank Ltd (“INDB”), ICICI Lombard General Insurance Company Ltd (“ICICIL”), Bajaj Auto Ltd (“BAL”), 5paisa Capital Ltd (FPC”) announced results for quarter ending 30th September 2023. LTIMindtree: LTIM, the flagship IT subsidiary of Larsen & Toubro, Wednesday announced the company's revenue for Q2 at Rs. [...]
Fertilizer stock in green after its commissions new sulphuric acid plant worth ₹ 400 Cr at Visakhapatnam
The shares of one of the leading Fertilisers manufacturer and Agricultural solutions provider which is part of the famous Indian conglomerate group the Murugappa Group gains marginally after it commissions its third sulphuric acid plant with an investment of Rs. 400 crores, thereby almost doubling the sulphuric acid production capacity. At 11:36 a.m the shares [...]
PM Gati Shakti: 4 Infrastructure projects of Rs 19,520 crore suggested for clearance
An official statement said on Wednesday that four infrastructure projects of roads and railways worth Rs 19,520.77 crore have been recommended for approval under the PM Gati Shakti initiative. This takes the total number of projects assessed by Network Planning Group (NPG) to 115 with a total value of about Rs 11.70 lakh crore, since [...]
Multibagger stock hits 20% upper circuit after receiving an order worth ₹ 1,603 Cr from MSEDCL
Shares of this multibagger small-cap stock associated with compressors, pumps & diesel engines hit the 20 percent upper circuit after the company received an order worth Rs 1,603 crores from Maharashtra State Electricity Distribution Company Limited (MSEDCL). With a market capitalization of Rs 2,037.16 crores, the stocks of Shakti Pumps (India) Limited started their trading [...]
Vedanta invites Japanese companies to India and highlights the investing opportunities in semiconductors
The mining company invited Japanese companies to India to invest in the country's first electronic manufacturing hub. With a market capitalization of 85,607 crore, the stock of Vedanta opened flat at Rs 228 in Thursday’s morning session. Vedanta invited Japanese companies to invest in India for an electronic manufacturing hub. The government of Gujarat invited [...]
Markets drop for the second day in a row due to negative global trends
On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows. Disappointing earnings from IT services company Wipro also dragged the benchmarks lower. The Sensex dropped 490.44 points to 65,386.58. The Nifty dropped 137.5 points to 19,533.60. Among the Sensex [...]
IndusInd Bank Q2 Results: consolidated net profit grows 22% YoY
On Wednesday, IndusInd Bank reported a 22 per cent rise in consolidated net profit at Rs 2,202 crore for the September quarter of 2023-24, aided by a drop in bad loans and a rise in interest income. In the previous fiscal year, the bank made a profit of Rs 1,805 crore. IndusInd Bank said in [...]
Bajaj Auto Q2 Results: Net profit increases by 17% YoY
On Wednesday, Bajaj Auto said its consolidated net profit climbed 17.51 per cent to Rs 2,020 crore for the September quarter. In the year-ago, this Pune-based company had reported a net profit of Rs 1,719 crore. Bajaj Auto said in a regulatory filing that total income increased to Rs 11,207 crore for the second quarter [...]
Happiest Minds Q2 Results: Net profit drops marginally to Rs 58 crore
Happiest Minds Technologies has posted a 1.6 per cent decline in net profit to Rs 58 crore for the September quarter. The company had posted a profit of Rs 59 crore in the year-ago period, it said in a regulatory filing late on Tuesday. In constant currency terms, revenue for the Bengaluru-headquartered company increased 14.3 [...]
Wipro Q2 Results: Net profit remains nearly constant at Rs 2,667.3 crore.
The company said in the regulatory filing, Wipro's consolidated profit remained almost flat at Rs 2,667.3 crore in the second quarter that ended September 30. The company reported a PAT of Rs 2,649.1 crore a year ago. According to the filing, its consolidated revenue from operations fell marginally to Rs 22,515.9 crore in the reported [...]
Stock To Buy: Bank stock that can deliver returns of more than 30%
Rakesh Jhunjhunwala stock gains marginally after one of the leading and well known financial services institutions IDBI Capital gives ‘Buy’ recommendation on this Bank with an upside potential of 33 percent. Federal Bank With a Market capitalization of Rs. 35,451 crores, on Thursday the shares of Federal Bank were trading flat from its previous day [...]
Bandhan Bank Q2 Results: Net profit jumps 245% YoY
On Wednesday, Bandhan Bank recorded a 245 per cent increase in net profit to Rs 721 crore in the second quarter of the 2023-24 fiscal year, compared to Rs 209 crore the previous year. The loan portfolio of the Kolkata-based bank stood at Rs 1.08 lakh crore at the end of the July-September quarter, representing [...]
Defence stock jumps up to 10% after inking agreement with IN-SPACe; Check the details
This S&P BSE Smallcap stock has a market cap of Rs. 4,605 crore and rose over 10% within the first hour of markets open with volumes that are over 20x previous session’s and monthly average volumes. The stock gained after announcing License Agreement with Indian National Space Promotion and Authorization Centre. The stock trades 6% [...]
BSE stock delivers returns of more than 200% in just 6 months; Here’s why
Shares of this listed stock exchange have given shocking returns of 160 percent in the last 3 months after the company announced buyback. On wednesday, 18th october shares of Bombay stock exchange (BSE) closed at Rs. 1485 per share and it is creating new highs from last 3 months after company announced stock buyback at [...]
Entertainment stock jumps more than 2% after it reports 90% YoY increase in net profits
Shares of this multibagger small-cap stock associated with the entertainment industry traded in the green after the company released financial results for the quarter ended September 2023. In the last five trading days, the company’s stock has gained nearly 15 percent. With a market capitalization of Rs 4,482.09 crores, the stocks of TIPS Industries Limited [...]
Tata Elxsi stock jumps up to 3% after company reports 14.7% increase in net profits in Q2
This Tata Group stock which is among the world’s leading design and technology services providers gained 3 percent after the company released its business update for the September ended quarter Q2FY24. At the day’s closing the shares of Tata Elxsi were trading at Rs. 7,605 up 2 percent from its previous day close price and [...]
Microcap stock in green after it enters into an agreement with pharma company
Shares of this microcap scientific tech company gained 2.5 percent after the company announced a new agreement with a pharma company. On Wednesday, 18th October shares of Jeevan Scientific Technology Ltd closed at Rs. 60.75 per share, up by 2.51 percent from previous closing price of Rs. 59.26 per share. Such bullish stock price movements [...]
Smallcap stock jumps up to 4% after bagging ₹ 347 Cr order from Power Grid Corporation of India
This Bajaj Group stock has a market cap of Rs. 12,805 crore and rose over 4% within the first hour of markets open with volumes that are over 6x previous session’s and monthly average volumes. The stock gained after announcing receipt of service contract by Power Grid Corporation of India Limited, aggregating to Rs. 347.29 [...]
Markets drop nearly 1% as crude oil prices rise and sluggish global trends
Due to a sharp jump in global crude oil prices and sluggish global market trends, on Wednesday equity benchmark indices Sensex and Nifty fell nearly 1 per cent. Traders said that Selling pressure in banking, financial services and energy stocks also pulled the benchmarks lower. After a day’s breather, the 30-share BSE Sensex fell 551.07 [...]
Piramal Enterprises’ maiden NCD offering begins on Thursday; to raise up to Rs 1,000 crore
On Wednesday Piramal Enterprises Limited said it plans to raise Rs 1,000 crore from the maiden issuance of Non-Convertible Debentures (NCDs) to fund business growth. The tranche I consists of a Rs 200 crore base issue and a green-shoe option of up to Rs 800 crore, for a total of Rs 1,000 crore, which is [...]
Blue Jet Healthcare IPO will open on October 25
Blue Jet Healthcare, a manufacturer of pharmaceutical chemicals, has announced that its initial share sale would be open for public subscription on October 25. The bidding for the Initial Public Offering (IPO), which is entirely an offer for sale (OFS) of 2.42 crore shares by promoters - Akshay Bansarilal Arora and Shiven Akshay Arora - [...]
Revenue of India’s diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating
Rating agency Crisil said on Wednesday India's diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China. It added, in these three geographies account for 75 per cent of India’s polished diamond exports. Rahul Guha, Director [...]
Tata Group stock jumps up to 7% after it partners with Italy based Telecom Infra developer
Shares of this small-cap stock under the Tata Group universe rose to 7 percent in Wednesday’s trading session after the company partnered with a telecom player based in Italy to supply optical networking and broadband access products. In the past six months, the company’s shares have gained over 40 percent. With a market capitalization of [...]
Small cap stock jumps up to 2.6% after it receives work order from Govt. to set up Tent city in Maharashtra
A small cap company received a work order from Maharashtra Tourism Development Corporation (MTDC) to set up and operate Tent city at Kihim in Raigad district of Maharashtra. With the market capitalization of 1,294.3 crore, the shares of Praveg were trading marginally lower at Rs 566 levels in the final trading hours of Wednesdays session. [...]
Cement sales volume to increase by around 10% in FY24 led by demand from infra & urban housing: Report
According to a report, the cement sales volume is expected to have a healthy 9 to 10 per cent growth in the current fiscal, led by demand from infrastructure and urban housing sectors. In the first half of this fiscal, the industry had a volume growth of around 12 per cent in the April-September period, [...]
Tobacco stock falls more than 2.5% after it reports 18% decline in net profits in Q2
This S&P BSE 500 stock has a market cap of Rs. 5,111 crore and has fallen 1.9% today. The stock fell after announcing the results for the quarter ending September 30 2023.. The stock trades 14% away from its 52 week high and has a high DII holding of 18%. VST Industries Ltd (“VST”) announced [...]
PSU stock falls more than 10% after Govt. of India plans to sell up to 7% stake in the company
The shares of this leading public finance company fell 10 percent in Wednesday’s trade after the Government of India planned to sell up to 7 percent stake, equivalent to 14,01,33,000 equity shares from the company through Offer for Sale(OFS) on October 18, 2023. At 1:25 p.m. the shares of Housing and Urban Development Corporation(HUDCO) were [...]
Nepal government to address the issue facing the Arun III hydropower project
A high-level meeting headed by Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' has recommended that issues related to the entry route of the 900 MW Arun III Hydropower Project, the country's biggest, being constructed by an Indian company should be addressed to ensure its timely completion. SJVN Arun-III Power Development Company (SAPDC), a wholly-owned subsidiary [...]
India allows exports of more than 10 lakh tonnes of non-basmati white rice to seven countries
The government on Wednesday said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The Directorate General of Foreign Trade (DGFT) said in a notification that the export is permitted through National Cooperative Exports Limited (NCEL). To boost domestic supply, though exports of non-basmati white [...]
The government extends sugar export restrictions beyond October 31
The government on Wednesday again extended restrictions on sugar exports beyond October 31 this year, a step aimed at enhancing the commodity's availability on the domestic market during the festive season. Earlier, the restrictions were imposed until October 31 this year. The directorate general of foreign trade (DGFT) said in a notification that "Restriction on [...]
Ashish Kacholia stock jumps 3.6% after HDFC Mutual Fund bought 95,000 shares of the company
Shares of this Ashish Kacholia stock jumped nearly 3 percent on Wednesday after HDFC Mutual Fund bought a stake in the company via a Bulk Deal. In the past month, the company’s shares have gained more than 15 percent. With a market capitalization of Rs 3,194.77 crores, the stocks of Aditya Vision Limited started their [...]
Penny stock hits 20% upper circuit after it reports 61% increase in net profits in Q2
Shares of this FMCG microcap company gained 19.99 percent after the company reported 50 percent revenue growth and more than 60 percent profit growth. At 02:30 shares of Spectrum Foods Ltd were trading at Rs. 80.43 per share, up by 19.9 percent from previous closing price of Rs. 67.03 per share. The company has a [...]
Lemon Tree Hotels signs new franchise agreement for an upcoming hotel in Gujarat
This S&P BSE 500 stock is India’s largest hospitality chain and has a market cap of Rs. 9,609 crore and rose over 1.6% within the first hour of markets open with volumes that are over 1x previous session’s and 0.5x monthly average volumes. The stock gained after a new Franchise Agreement. The stock trades 5% [...]
Himadri Speciality Chemical Ltd Q2 Results: PAT triples YoY to Rs 100 crore
On Tuesday, Himadri Speciality Chemical Limited (HSCL) posted a nearly three-fold jump in consolidated profit after tax at Rs 100.62 crore for the September quarter of 2023-24, aided by reduced expenses. As per the regulatory filing, the company reported Rs 35.88 crore profit after tax (PAT) during the year-ago period. However, the company’s total income [...]
Cement stock jumps up to 3.5% after it received multiple orders worth ₹ 81.81 Cr
This infrastructure and construction stock under Rs 40 rose up to 3.5 percent to Rs 38.95 a share on Wednesday after the company received two work orders from the Public Work Department and Border Roads Organisation. At 12:40 p.m. on Wednesday, Niraj Cement Structurals Ltd shares were trading at Rs 38.30 a share on the [...]
Monopoly stock partners with Zomato for pre-food delivery services; Check the details
India’s one of the monopoly companies partners with food tech company zomato for supply and delivery of pre ordered meals. With the Market capitalization of 57,172 crores ,the shares of Indian Railway Catering and Tourism Corporation Ltd (IRCTC) were trading 1 percent lower at Rs 703 levels on Wednesday afternoon. According to the companies filing [...]
Multibagger stock in green after it bags order worth ₹ 310 Cr from Ministry of Defence
Multibagger ships and submarines manufacturer shares gain 3 percent after it bags an order from the Acquisition wing of Ministry of Defence for a consideration of 310 crores. At 11:37 a.m the shares of Mazagon Dock Shipbuilders were trading at Rs. 2,188.75 up 1.6 percent from its previous day close price and the market capitalization [...]
Glenmark introduces a triple-drug combo for type 2 diabetes
On Wednesday, Glenmark Pharmaceuticals said it has launched a triple-fixed-dose combination (FDC) drug for the treatment of diabetes. Under the name Zita, the compnay has introduced a combination of Teneligliptin, Dapagliflozin and Metformin. It is indicated to improve glycemic control in patients with Type 2 diabetes. The company stated that Priced at Rs 14 per [...]
Syngene International Q2 Results: Net profit jumps by 14.22% YoY
On Tuesday, Syngene International Ltd reported a 14.22 per cent increase in consolidated net profit at Rs 116.5 crore in the September quarter. As per the exchange filing, the company had posted a consolidated net profit of Rs 102 crore in the year-ago period. Consolidated revenue from operations was at Rs 910.1 crore as compared [...]
Small cap stock jumps 16% after Net Profits of the company increases by 96% YoY in Q2
Shares of this Brokerage company under the ‘small-cap’ category gained around xx percent in Wednesday’s trading session after the company released its financial reports for the quarter ended September 2023, i.e., Q2FY23-24. In the past month, the company’s shares have gained close to 40 percent. With a market capitalization of Rs 3,333.39 crores, the stocks [...]
L&T Technology stocks fall by 5.5% after it cuts revenue guidance for FY24
On Wednesday, the shares of the leading digital engineering and consultancy services provider fell by 5.5 percent to Rs 4,361 a share after the company cut revenue guidance for FY24. At 12:50 p.m., L&T Technology Services Ltd shares were trading at Rs 4,374 per share, down Rs 242 or 5.15 percent from the previous close [...]
Telecom stock gained up to 6.5% after it received NABL certification for electrical equipment testing
The shares of one of India's leading telecom companies rose 6.5 percent on Wednesday after the company received a Certificate of Accreditation from NABL for its Electromagnetic Compatibility Laboratory. At 11:40 a.m., ITI Limited shares were trading at Rs 313.95 per share, down 0.84 percent from the previous close price. The Electromagnetic Compatibility Laboratory (EMC [...]
Smallcap stock jumps 8% after it reports 80,000% increase in Net Profits YoY
Shares of this small-cap stock jumped around 8 percent on Wednesday after the company released financial results for the quarter ended September 2023. In the past month, the company’s stock has seen a tremendous growth of more than 18 percent. With a market capitalization of Rs 2,299.64 crores, the stocks of Huhtamaki India Limited, a [...]
Hathway Cable Q2 Results: Net profit declined by 33.7% YoY to Rs. 20 Crore
Hathway Cable & Datacom Ltd on Tuesday reported a 33.76 per cent decline in consolidated net profit to Rs 20.03 crore for the second quarter ended September 30. The company had posted a net profit of Rs 30.24 crore in the same quarter a year ago, Hathway Cable & Datacom said in a BSE filing. [...]
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