Major Non-Banking Finance Corporations engaged in the business of “Gold Loans” saw major movements in Tuesday’s trading session post a recent press release from the Reserve Bank of India as of 4th March 2024. The Central Bank has directed IIFL Finance Limited, an India-based NBFC engaged in the business of mortgages as well as loans [...]
The Ministry of Defence has signed three Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL), Bharat Earth Movers Limited (BEML), and Mishra Dhatu Nigam Limited (Midhani) for the indigenous development of Advanced Fuelling and Control Systems for engines used for heavy applications. Bharat Electronics Limited Bharat Electronics Limited (BEL) is a Navratna central public [...]
The shares of the infrastructure developer hit 5 percent upper circuit of Rs 11.86 apiece after the company received a Letter of acceptance for the Construction of a Railway Bridge worth Rs 20.74 crore. With a market capitalization of Rs 319.72 crore, the shares of Madhav Infra Projects Ltd were trading at Rs 11.86 per [...]
In Tuesday's early session, shares of one of India's premier warship-building fir jumped up to 3.7 percent to ₹849 per share, a day after the company signed a Memorandum of Understanding with the Indian Register of Shipping to build autonomous vessels. At 11:20 a.m., on Tuesday, the shares of Garden Reach Shipbuilders & Engineers Ltd. [...]
Share price of this IT stock moved up by nearly 2.87% to Rs. 995.6 in the morning trading session of March 5th, compared to its previous close of Rs. 967.75, after the company announced the launch of a new platform to support Google RCS Business Messaging. With a market capitalisation of Rs. 13,102.4 crores, at [...]
The “Piotroski score” is a discrete score ranging between ‘zero’ and ‘nine’ that reflects nine different criterias used to determine the strength of the financial position of the firm. With nine being the best and zero being the worst, the Piotroski score is used to determine the best value stocks. Listed below are three stocks [...]
Share price of this defence stock moved up by nearly 3.5% to Rs. 117 in the trading session of March 4th, compared to its previous close of Rs. 113.05, after the company received two purchase orders from separate domestic entities. With a market capitalisation of Rs. 2,778.14 crores, the shares of Avantel Limited moved up [...]
The Real Estate market in India was affected by the COVID-19 pandemic with the ‘Residential’ sector witnessing the worst hit as strict lockdown measures across major cities in India impacted housing sales. However, the sector recovered due to an increase in house sales, demand for new office and commercial spaces, new project launches, etc. In [...]
The shares of the multinational consumer goods company gained up to 1 percent after a well-known brokerage recommended a ‘Buy’ rating. With a market capitalization of Rs 1.28 lakh crore, the shares of Godrej Consumer Products Ltd closed at Rs 1,257.00 apiece, decreased around 1.20 percent as compared to the previous closing of Rs 1,272.05 [...]
CLSA, or Credit Lyonnais Securities Asia, is a capital markets and investment group founded in Hong Kong. It provides corporate finance, capital markets, asset management, wealth management, and securities services to global corporate and institutional clients. Here are some of the steel product manufacturers whose share target price was downgraded by CLSA which led to [...]
Shares of this VFX company clocked 10 percent upper circuit in Monday’s trading session after it announced to launch of the World’s first Metaverse for the Film and Television Industry. In three months, the shares have delivered more than 50 percent returns to its shareholders. With a market capitalization of Rs. 339 crores, the shares [...]
The shares of the leading wind energy companies declined on Monday after reports suggested that the Ministry of New and Renewable Energy (MNRE) bought back "reverse auctions" for auctioning wind power capacity to energy companies. The Ministry of New and Renewable Energy (MNRE) has reintroduced the "reverse auction" method for auctioning wind power capacity to [...]
Multibagger engineering stock engaged in the business of manufacturing customized precision machined components jumps 5 percent in the day’s trade, upon receiving a work order worth Rs. 24 Crores. With a market capitalization of Rs. 111 Crores, the shares of Pritika Engineering Limited were trading at Rs. 81.45, up 5 percent from its previous day’s [...]
Shares of this IT stock under the ‘mid-cap’ category fell nearly 2 percent in Monday’s trading session after the company’s Board decided not to proceed with the American Depository Receipts (ADRs) which were proposed as well as approved earlier in 2021. In the past six months, the company’s stock gained around 15 percent for its [...]
Share price of this EV stock moved up by nearly 4.18% to Rs. 72.99 in the trading session of March 4th, compared to its previous close of Rs. 70.06, after the company inaugurated its new assembly line facility for electric two-wheelers. With a market capitalisation of Rs. 1,852.7 crores, at 01:50 p.m. the shares of [...]
Starting an e-commerce business is not only exciting, thoughtful, and productive but also scary. However, it won’t be like that if you follow the right steps and implement productive strategies! E-commerce has no doubt become the new normal for our daily lives. It is one of the most revolutionary advancements of this era that technology [...]
The shares of power and transformer manufacturers hit 5 percent upper circuit of Rs 96.76 apiece after the company received a purchase order worth Rs. 27.39 crore from Gujarat Electricity Board. With a market capitalization of Rs 88.54 crore, the shares of Alfa Transformers Ltd were trading at Rs 96.76 per share, increasing around 5 [...]
Share of this smallcap company jumped up to 1 percent in Monday’s trading session after announcing to set up a manufacturing facility in Madhya Pradesh for Rs 400 crores. The shares have delivered a multibagger return of 165 percent in one year. With a market capitalization of Rs. 14,135 crores, the shares of Welspun Corp [...]
The share price of one of the leading renewable energy firms gained 5 percent to an intraday high price of ₹1,845 apiece on Monday after the company signed a 240 MWp Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited. At 2:10 p.m., on Monday’s trade, KPI Green Energy Ltd. shares were trading at ₹1,728.65 [...]
Share price of a leading infrastructure development company moved up by nearly 5.8% to Rs. 972.4 in the morning trading session of March 4th, compared to its previous close of Rs. 922.4, after the company announced receiving a letter of acceptance from South Central Railway. With a market capitalisation of Rs. 6,084 crores, at 12:54 [...]
