This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday’s volumes. The stock currently trades at Rs. 23.51 versus Rs. 23.06 at yesterday’s closing with a market cap [...]
Shares of this Vijay Kedia stock hit the 5 percent upper circuit on Friday after the company was declared as the lowest bidder for an irrigation project. With a market capitalization of Rs 4,288.93 crores, the stocks of Patel Engineering Limited started their trading session at Rs 55.44 and currently are locked in the 5 [...]
Encourages sustainable business practices and aims to meet the country's 9000 dealers and 180 distributors' needs for operating finance. India's Bengaluru, Karnataka Greaves Retail, the retail division of Greaves Cotton Limited, a supplier of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital Limited, a top DataTech NBFC [...]
For initial share sales, On Thursday Ethnic apparel retailer Sai Silks (Kalamandir) fixed a price band of Rs 210-222 per share for its Rs 1,201 crore, which opens on September 20. The Initial Public Offering (IPO) will bring in around Rs 1,201 crore at the top of the price range. The Hyderabad-based company was founded [...]
This small cap stock rose up to 15% in the first half of Friday’s trading session after the company received an order from the Department of Agriculture, Uttar Pradesh worth Rs. 293 crore. Share price of Shakti Pumps opened at Rs. 815 levels and gained up to 15% to reach its intra- day high of [...]
On Thursday, Online travel company Yatra Online said that it has mobilised Rs 348.75 crore from anchor investors ahead of its Rs 775-crore initial public offering (IPO). According to the circular uploaded on the BSE, The company has allocated 2.45 crore equity shares to 33 entities at Rs 142 apiece. ICICI Prudential Mutual Fund (MF), [...]
Shares of a pharmaceutical company gained nearly 5 percent to reach an intraday high of ₹ 310.00 apiece on the National Stock Exchange (NSE) after it was granted a patent for its invention for a period of 20 years. According to an exchange filing, Gufic Biosciences has been granted a patent for an invention entitled [...]
Shares of this fast-food chain jumped 14 percent to hit their 52-week high on Friday after a huge Block Deal that likely took place pertaining to the company’s shares. In the past month, the company’s scrip has gained more than 13 percent. With a market capitalization of Rs 6,427.35 crores, the stocks of Restaurant Brands [...]
On Friday, equity benchmark indices Sensex and Nifty hit new record peaks in early trade, due to a rally in global markets and fresh foreign inflows. Rallying for the 11th day running, the 30-share BSE Sensex jumped 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by [...]
Vijay Kedia’s textile stock climbed by almost 8 percent to a 52-week high of Rs 635 per share on Friday’s trade after the company revised the share buyback offer to Rs 720 per share against the previous price of Rs 650. At 10:30 a.m., On the National stock exchange, Siyaram Silk Mills Ltd shares were [...]
While evaluating insurance companies, we look at various ratios like persistency ratio, solvency ratio, claim settlement ratio and so on. Persistency ratio indicates how many policyholders are paying the due premiums regularly on the policies with the insurer. In other words, it shows how loyal customers are to an insurance company. Persistency ratio is measured [...]
The Indian renewable energy sector is expected to grow at a CAGR of 10 percent between 2023 and 2028. In the long run, the sector is likely to be pushed by factors such as supportive government regulations, increased environmental consciousness, subsidies, and tax benefits for installing solar panels. The Ministry of New and Renewable Energy [...]
The government recently announced an incentive of 25% of the approved project cost to companies to boost exploration of critical minerals. "This incentive will be provided through the National Mineral Exploration Trust and will help in the discovery of critical minerals in the country," said Union Minister of Parliamentary Affairs, Coal, and Mines, Pralhad Venkatesh [...]
The second phase of Pratt & Whitney's engine recall will be covered by a service bulletin in two months, according to the aviation regulator DGCA, and the majority of engine removals are anticipated to take place in the first quarter of 2024. According to a note, the Directorate General of Civil Aviation (DGCA) also brought [...]
On Thursday this small-cap stock jumps more than 5% after the company signed a MoU with the government of Uttarakhand. The stock has delivered 47% returns in six months and 50% returns in YTD. The stock price has held at a high level because of strong and rising volume that is more than usual when [...]
This penny cap stock rose 3.5% after the company entered into an MoU agreement and acquired 50% stake in Vivanta Drone Research Centre Tanzania Limited. Share price of Vivanta closed at Rs. 5.05 per share. It gained 3.5% in the market today to reach its intra- day high of Rs. 5.15 per piece. The stock [...]
You've decided to apply for a personal loan. Great! The need for immediate financial relief or to make that big purchase is universally understood. However, the process is about more than just walking into a financial institution and walking out with the money. Preparing the right personal loan documents can be the make-or-break factor in [...]
The Sensex ticked higher for the tenth straight session on Thursday, supported by fag-end buying in oil & gas, metal, and commodity stocks amid a generally firm trend in global equities. The NSE benchmark Nifty increased by over 33 points to close at a new lifetime high of 20,103. The 30-share BSE Sensex increased 52.01 [...]
According to officials, Indian oil companies are looking into the possibility of using the nearly USD 600 million in dividend income that is currently stuck in Russia to purchase oil there. The top four oil companies in India, including Oil India Ltd., ONGC Videsh Ltd., and Indian Oil Corporation (IOC), a division of Bharat Petroleum [...]
Shares of a hotel company were in the green after it announced a buyback of its shares. Its shares settled at ₹ 166.65 apiece on Thursday. According to an exchange filing by Sinclairs Hotels, the company’s shareholders have approved the proposal to buy back up to 15,20,000 equity shares of a face value of ₹ [...]
