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PSU stocks jumps 6% after BlackRock India purchases 66 lakh shares

PSU stocks jumps 6% after BlackRock India purchases 66 lakh shares

Shares of this multibagger Public Sector Undertaking (PSU) stock jumped approximately 3 percent in Monday’s trading session after a BlackRock-managed Fund bought around 66 lakh equity shares via a Bulk Deal. In the last month, the company’s stock gained nearly 20 percent for its holders.  With a market capitalization of Rs 6,725.31 crores, the stocks [...]
IT stock down by up to 10% after Q4 results miss estimates

IT stock down by up to 10% after Q4 results miss estimates

IT Stock engaged in providing software engineering and strategy services to help companies implement and modernise their businesses hit a 10 percent lower circuit in the day’s trade upon posting Q4FY24 results and recommending a final Dividend of Rs. 10.  With a market capitalization of Rs. 54,208 Crores, the shares of Persistent Systems Limited were [...]
Penny jumps 4% after receiving an order worth ₹ 70 lakhs

Penny jumps 4% after receiving an order worth ₹ 70 lakhs

Shares of this microcap company jumped 4 percent in Monday’s trading session after receiving an order from CNH Industrial (India) Pvt. Ltd. worth Rs. 70.76 lakhs.  With a market capitalization of Rs. 87.6 crores, the shares of Kranti Industries Ltd started Monday’s trading session on a higher note at Rs. 77.80, gaining around 4 percent [...]
Auto stock jumps after signing agreement with Mahindra & Mahindra

Auto stock jumps after signing agreement with Mahindra & Mahindra

Small- Cap stock which is one of the leading premium automotive retail businesses in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and many others in focus upon signing a dealership agreement with Mahindra & Mahindra.  With a market capitalization of Rs. 3,178 Crores, the shares of Landmark Cars Limited were trading at Rs. 769.05, [...]
PSU stock jumps after receiving Navaratna status from Indian Govt

PSU stock jumps after receiving Navaratna status from Indian Govt

'Navratna' is a special status given by the government to a selected group of top-performing Central Public Sector Enterprises (CPSEs). These companies get more autonomy and financial power because of their good performance.  To become a Navratna, a company first needs to be a Miniratna and meet certain criteria, like having four independent directors on [...]
Hinduja Global Solutions jumps 7% after launch of network management solutions

Hinduja Global Solutions jumps 7% after launch of network management solutions

The shares of the digital customer solution provider gained up to 8 percent after the company launched OneX, a unified network-as-a-service solution covering network management, security, and LAN-side control solutions.  With a market capitalization of Rs 4,016.56 crore, the shares of Hinduja Global Solutions Ltd were trading at Rs 863.40 per share, increasing around 5 [...]
Green energy stocks hits upper circuit 5% after profit increase by 380% in Q4

Green energy stocks hits upper circuit 5% after profit increase by 380% in Q4

Shares of this green energy stock under the ‘small-cap’ category hit the 5 percent upper circuit in Monday’s trading session after the company announced financial results for H2FY24, i.e., for the half-year ended March 2024. In the past month, the company’s stock has delivered multibagger returns of nearly 140 percent returns to its stakeholders.  With [...]
Stock jumps 5 % after receiving an order from Middle East worth ₹ 872 Cr

Stock jumps 5 % after receiving an order from Middle East worth ₹ 872 Cr

Multibagger stock which is among the Largest welded-line pipe-manufacturing companies in the world jumped 5 percent in the day’s trade upon cumulatively receiving work orders worth Rs. 872 Crores  With a market capitalization of Rs. 14,419 Crores, the shares of Welspun Corporation Limited were trading at Rs. 551.05, up 4.33 percent from its previous day’s [...]
Auto stock falls by 4% after approved deal put on hold

Auto stock falls by 4% after approved deal put on hold

The shares of the forged components manufacturer for automobiles fell up to 7 percent after the company's approval to supply power train components to the USA’s largest Electric Passenger Vehicle Producer was put on hold.  With a market capitalization of Rs 13,656.74 crore, the shares of Ramkrishna Forgings Ltd were trading at Rs 754.20 apiece, [...]
Micro cap stocks in which FII has increased their stake by up to 14%

Micro cap stocks in which FII has increased their stake by up to 14%

Foreign Institutional Investors (FIIs) actively participate in the financial markets of countries other than their own. FIIs aggregate money from various investors and other entities and then invest it in different financial assets. Whenever foreign investors like Goldman Sachs, Morgan Stanley, HSBC, and others buy or sell the shares of Indian companies, their stock price [...]
Rushil Decor jumps after production begins at Karnataka plant

Rushil Decor jumps after production begins at Karnataka plant

Share price of this micro-cap stock moved up by nearly 4% to Rs. 312.4 on BSE in the morning trading session of Monday, compared to its previous closing price of Rs. 300.4, after the company announced commencing commercial production in its Karnataka factory.  With a market capitalisation of Rs. 811.8 crores, at 10:24 a.m. the [...]
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