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 ₹ [...]
This small cap stock owned by ace investor Ashish Kacholia zoomed 15% after the company acquired 26% in a SPV with Tata Power Renewable Energy Limited. Share price of XPRO opened at Rs. 950 levels and gained 15% to reach its 52- week high of Rs. 1080 levels. The stock returned 47.13% in the last [...]
In order to provide a unique experience to customers choosing the environmentally friendly models, Tata Motors plans to establish a separate sales network for its electric passenger vehicles in the current fiscal year, according to a top company official. The Mumbai-based auto giant said it will begin experimenting with new outlets in some of the [...]
The Investment Information and Credit Rating Agency (ICRA) has revised its domestic steel demand projection for FY24 to 9-10 percent, Powered by the government's infrastructure-oriented growth model. The ratings agency had predicted 7-8 percent growth at the start of the fiscal year. Between FY2022 and FY2024, the domestic steel sector is predicted to grow at [...]
This small cap stock gained 5% after AFC commercial Bank signed a deal with the company’s commercial banking arm. The stock saw a good momentum in the market today. Share price of Intellect Design Arena opened at Rs. 675 levels and jumped 5% to reach its intra- day high of Rs. 705 levels. In the [...]
On Thursday, Grasim Industries unveiled the brand name "Birla Opus" for its paints division. The flagship company of the Aditya Birla Group intends to invest Rs 10,000 crore in this division. According to a statement from the Aditya Birla group company Grasim Industries, Birla Opus will be introduced in Q4FY24 and will compete with other [...]
This penny stock hit 5% upper circuit after it received an order worth Rs 5.1 Cr on Thursday. The stock price has held at a high level because of strong and rising volume that is more than usual when compared to the prior day and week. AA Plus Tradelink Ltd AA Plus Tradelink Ltd. is [...]
Prior to the holiday season, Nepal is planning to import 20,000 metric tonnes (MT) of sugar from India, which will supply roughly 3,00,000 MT of the Himalayan nation's annual domestic demand. The Ministry of Industry, Commerce, and Supplies has requested the Finance Ministry to grant a customs waiver for the import of 60,000 MT of [...]
The share price of a metal company climbed 5.32 percent on Thursday’s early trades to touch a fresh 52-week high of ₹ 508.90 apiece on the National Stock Exchange (NSE) after it signed a technology partnership with Italy-based Metra SpA. According to an exchange filing by Hindalco Industries, the partnership aims to enable the production [...]
Shares of this small-cap PSU stock are trading in the green after the Life Insurance Corporation of India (LIC) increased its stake in the company. Year-to-date, the company’s stock has soared more than 20 percent. With a market capitalization of Rs 10,255.11 crores, the stocks of Mahanagar Gas Limited opened their trading hour on Thursday [...]
The Federation of Automobile Dealers Associations requested on Thursday a drop in the GST rate for entry-level two-wheelers to 18%, claiming that the market has yet to fully recover from the COVID-19 pandemic's effects. Manish Raj Singhania, president of the Federation of Automobile Dealers Associations (FADA), said in a speech at the Auto Retail Conclave [...]
On Thursday Union Road Transport and Highways Minister Nitin Gadkari said that dealers of automobiles should also open vehicle scrapping facilities. Addressing the fifth Auto Retail Conclave, Gadkari said the government is encouraging a circular economy, and accordingly the government will give permission to dealers to start vehicle scrapping facilities. He also noted that India [...]
The share price of a banking company appreciated to the tune of 4.10 percent on Thursday’s early trades to reach an intraday high of ₹ 107.80 apiece on the National Stock Exchange (NSE). This happened after it announced that it had raised ₹ 2,000 crores. Bank of India is an Indian public sector bank with [...]
Shares of this Green Energy stock under the ‘small-cap’ category jumped up to 3 percent on Thursday after the commissioning of a 7.80 Megawatt (MW) Wind-Solar Hybrid Power Project. With a market capitalization of Rs 3,033.27 crores, the stocks of KPI Green Energy Limited (KPIG) started their trading session at Rs 839.95 and currently trade [...]
The share of India's fourth-largest IT service company rose around 2 percent to Rs 443.25 apiece after the company announced the launch of its Cyber Defense Center (CDC) in Dusseldorf, Germany. At 12:50 p.m., On the National stock exchange, Wipro Ltd shares were trading at Rs 437.55 per share, up 0.41 percent from the previous [...]
On Thursday Serentica Renewables said it has tied up with PFC for a Rs 2,600 crore debt funding for its upcoming projects in Karnataka. The business is installing 400 MW of wind and solar capacity in Karnataka, where it has already obtained connectivity to the interstate transmission system (ISTS). "The debt funding...will accelerate our journey [...]
Naresh Goyal, the founder of Jet Airways, was ordered to judicial custody for 14 days by a court in this city on Thursday in connection with a money laundering case involving an alleged fraud of Rs 538 crore at the Canara Bank. The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of [...]
Adani Group on Thursday said it has formed a 50:50 joint venture with Japanese conglomerate Kowa Group for the sale of green hydrogen in Japan, Taiwan and Hawaii markets. A corporation led by billionaire Gautam Adani is investing up to USD 50 billion over the following ten years in the creation of an entirely integrated [...]
On Thursday Sun Pharmaceutical Industries said one of its wholly-owned subsidiary unit has tied up with US-based Pharmazz Inc to commercialise a drug used to treat cerebral ischemic stroke in India. One of the company's wholly-owned subsidiaries has entered into a license agreement with the US-based biopharmaceutical company to commercialise a first-in-class innovative drug, Tyvalzi, [...]
This Microcap stock rose 15.4% within the first half hour of markets opening on Thursday to Rs. 437.8 from Rs. 379.4 at closing on Wednesday. The stock has a market cap of Rs. 433 crore and is trading 1.7% away from its 20 day moving average and 26% away from its 200 day moving average. [...]
