The shares of this chemical manufacturer gained up to 2 percent after the company board approved the acquisition of 100 percent share capital of Time Medical International Ventures (India) Pvt Ltd. With a market capitalization of Rs 20,457.49 Crores, The shares of Fischer Chemic Ltd were trading at Rs 199.70 a share, an increase of [...]
Shares of this large-cap company jumped around 3 percent after receiving approval from the US FDA for its abbreviated new drug application (ANDA) for, Sitagliptin tablets. The shares have delivered more than 70 percent returns to its shareholders on a YTD basis. With a market capitalisation of Rs. 57,849 crores, shares of Lupin Ltd started [...]
The midcap stock fell 4 percent to its intraday low of Rs 266 per share from the previous close of Rs 277.60 after the company asked to extend its merger deadline with Sony. According to Zee Entertainment Enterprises Limited's filing, the company has requested that Bangla Entertainment Private Limited (BEPL) and Culver Max Entertainment Private [...]
The share price of one of India’s leading warship builders gained 4.5 percent to an intraday high of Rs 2,176.85 per share after the company received an overseas order worth USD 42 million. At 11:51 a.m., Mazagon Dock Shipbuilders Ltd(MDSL) shares were trading at Rs 2,145.95 per share, up 3.10 percent from the previous close [...]
The shares of a Leading white oil supplier which has a 26.5 percent market share with well-known clients such as HUL, Patanjali, Marico, and many more, slumped 6 percent after it declared its Q2FY24 results. At 10:50 a.m the shares of Gandhar Oil Refinery (India) Limited were trading at Rs. 292.75, down 5.47 percent from [...]
Shares of this defence stock under the ‘large-cap’ category fell up to 10 percent in Monday’s trading session after the company informed about an explosion that took place in its factory that is based in Nagpur, Maharashtra. With a market capitalization of Rs 61,316.06 crores, the stocks of Solar Industries India Limited started their trading [...]
On Monday, the micro-cap stock hit its upper circuit of 5 percent of Rs 184.40 from its previous close of Rs 175.65, after the company received an order from Modern Coach Factory (MCF), Indian Railways. According to the filling of Oriental Rail Infrastructure Ltd, the company has received an order worth 12.14 crore from Modern [...]
PSUs, or public sector undertakings, are inextricably linked to the country's core sectors and have successfully built the country's industrial base. The majority of these businesses are owned by the Indian government. Ircon International Ltd: Ircon International Limited (IRCON) began as a railway construction company in 1976 and has gradually diversified as an integrated engineering [...]
The Defence Ministry has approved a proposal to purchase approximately 6,400 rockets for Pinaka multi-barrel rocket launcher systems worth Rs 2,800 crore to strengthen the Indian army's firepower. The Pinaka Multi-Barrel Rocket Launcher (MBRL) is a multiple rocket launcher produced in India and developed for the Indian Army by the Defence Research and Development Organisation [...]
The Benchmark Indices closed in the green on Friday, hitting its all-time high levels, with the Sensex gaining 969.55 points or 1.37 percent, ending the week at 71,483.75, and the Nifty 50 index gaining 273.95 points or 1.29 percent, ending the week at 21,456.65. In the last five trading sessions, the Sensex gained around 2.18 [...]
Public Sector Undertakings (PSU) or Central Public Sector Enterprises (CPSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state/central governments. Here are the 3 multi-bagger Public Sector Enterprises with a return on equity(ROE) of up to 63.33 percent REC REC Limited is [...]
The benchmark Nifty 50 index crossed beyond the 21,000 mark in 61 trading sessions from when it first scaled the 20,000 mark on September 11, 2023. The achievement of this milestone is a testament to the strong performance of the Indian economy, with key economic indicators such as GDP and corporate earnings showing positive growth. [...]
The shares of India's leading player in the defense electronics sector gained 3.75 percent to a 52-week high price of Rs 170.15 per share on Friday after UBS revised a target price on the stock with a 21 percent upside. At 3:05 p.m., On Friday, Bharat Electronics Ltd shares were trading at Rs 168.85, up [...]
The largest rail network in Asia and the second largest in the world run by a single government is Indian Railways. Every day, the railway transports 3 million tons of freight through more than 7,421 cargo trains. The Indian Railways has lined up a plan to purchase new trains worth Rs 1 lakh crore over [...]
Small-cap stocks are defined as companies having a market capitalization of less than Rs 16800 crores. These companies may not be as well-known as large-cap companies, but they still offer investors the chance to earn larger returns. Chennai Petroleum Corporation Ltd Chennai Petroleum Corporation Limited refines crude oil to produce and supply various petroleum products, [...]
L1 Crypto Tokens Weekly Gains: t's been almost two years since the crypto market’s last bull run in 2021. Altcoins followed the lead of Bitcoin ($BTC) and Layer 1 (L1) tokens were at the forefront to gain most value. While investors are looking up to the next bull run, some L1 tokens are presenting an [...]
The National Highways Authority of India is in charge of the creation, upkeep, and administration of the National Highways under its jurisdiction as well as any issues related or incidental thereto. In 1988, an Act of Parliament established the National Highways Authority of India (NHAI), which is governed administratively by the Ministry of Road Transport [...]
ICICI Securities has upgraded its buy target on this NBFC company from Rs. 1,100 to Rs. 1,400 per share, a 33 percent increase from the current price. The ICICI Securities report highlights the company's new Vision 2028, which aims for a CAGR of 25 percent or more in AUM and 22 percent or more in [...]
Since the Covid-19 pandemic, a wide range of stocks listed in India have given tremendous returns to its stakeholders paving the way for them to increase their wealth base. Listed below is one such stock under the ‘small-cap’ category that has delivered a whopping return of 3,500 percent to its shareholders within three years: Servotech [...]
Shares of this NBFC stock under the ‘small-cap’ category jumped around 4 percent in Friday’s trading session after the company’s Board set a Floor Price for Qualified Institutional Placement (QIP) worth ₹45.65 crores. With a market capitalization of Rs 2,572.56 crores, the stocks of Satin Creditcare Network Limited closed at Rs 258.20 on Friday, gaining [...]
