The share price of Navratna company gained 6 percent to reach an intraday high of ₹ 130.50 apiece on the National Stock Exchange (NSE), following its business updates. At 03:12 PM, its shares were trading at ₹ 130.40 apiece. NMDC Ltd. is engaged in the exploration and production of Iron ore along with diamonds, the [...]
Recycling industry participant Vikas Lifecare announced on Friday that its board had approved funding up to Rs 40 crore through the preferential sale of convertible warrants. The proposal is subject to the approval of the shareholders at the next annual general meeting which has been scheduled for later this month, the company said in a [...]
State-owned NMDC said on Friday that iron ore production increased by 37.5% to 3.41 million tonnes (MT) in August 2023. The miner had produced 2.48 MT of iron ore in the same month last year. During August, the company's sales also rose by 25 per cent to 3.54 MT from 2.83 MT in August 2022. [...]
Shares of two Tata Group companies appreciated to the tune of 5% each after they provided an update about their merger. Tata Steel gained 4.72% to reach a fresh 52-week high of ₹ 128.70 apiece, while Tata Steel Long Products gained 4.81% to reach a fresh 52-week high of ₹ 818.75 apiece, on the National [...]
Shares of this construction company rallied nearly 15% in the first half after winning a marine contract. The stock saw a strong momentum in the market today. Shares of ITD Cementation India opened at Rs. 228 levels and traded 14.8% higher to reach its 52- week high of Rs. 249.60. The stock has given a [...]
On Friday Revenue Secretary Sanjay Malhotra said that the GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. "Roughly numbers are in the range of 11 [...]
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. Six of the seven ships that will be built as part of the P17A Project have already been launched between September 2019 and August [...]
This small cap stock gained 4% in the morning of Friday's trading session after receiving orders worth Rs. 8,398 crore from the various state electricity distributors. Share prices of NCC opened at Rs. 174.90 per piece and surged 4% to reach its 52- week high of Rs. 176.60 per share. The stock has given a [...]
Shares of a media company notched 8 percent gains on Friday’s early trades to reach an intraday high of ₹ 73.80 apiece on the National Stock Exchange (NSE), after BCCI (The Board of Control for Cricket in India) announced the successful bidder for its media rights. At 11:20 AM, its shares were trading at ₹ [...]
This penny stock rose 9% in the first hour of market open and recently hits 20% upper circuit. The company has announced a merger in its most recent filing. The company has a market cap of Rs. 33 crore. The stock currently stands 7% away from 52 week high and 26%, 41% above its 20 [...]
The company announced on Thursday, that Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds. According to a regulatory filing by Aditya Birla Fashion and Retail (ABFRL), the business would raise money through a private placement. "The Company proposes to raise funds by issuing 75,000 [...]
This microcap stock has 110% 3 year CAGR and apt financials indicated by Piotroski F score of 7. Today its shares rose 3% following an announcement of order receipt. The stock was listed in November 2021 and has positive returns since and YTD. The company has a market cap of Rs. 210 crore and currently [...]
On Friday, shares of a company that is involved in engineering and construction projects touched a 5 percent upper high after the company received a Rs 40 crore order. In early trade on Friday, RBM Infracon Ltd shares reached an all-time high of Rs 117.35 per share, up 5 percent from the previous close price. [...]
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. The P17A Project comprises the construction of seven ships, of which six have been launched between September 2019 and August 2023. In a statement [...]
Jupiter Life Line Hospitals, a multispecialty hospital network, announced on Friday that it has set a price range of Rs. 695-735 per share for its Rs. 869-crore initial public offering (IPO). The company said the initial share sale will open for public subscription during September 6-8 and the bidding for anchor investors will open on [...]
The winning bidder, Jalan Kalrock Consortium, announced on Thursday that it has invested an additional Rs 100 crore in Jet Airways, bringing its total investment in the airline to Rs 250 crore. "JKC confirms to have deposited Rs 100 crores in Jet Airways in less than 48 hours of the NCLAT allowing implementation of the [...]
Verlinvest Asia Pte Ltd, an investment firm, sold a 12.56 per cent stake in the wine manufacturer Sula Vineyards on Thursday for Rs 513 crore in an open market deal. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk [...]
Radhakishan Damani is an ace investor and a business magnate. He is the founder of Avenue Supermarts (DMart) and was reportedly the largest shareholder of HDFC Bank after it went public in the year 1995. Recently a stock in his portfolio received a double upgrade from a brokerage. Financial Services giant UBS elevated the shares [...]
Multibagger stocks are those that return multiple times the initial investment, or 100 percent higher returns, in a relatively short period of time. Multibagger stocks are often defined as having strong fundamentals, growth potential, and great manufacturing methodologies and strategies. Here are the three stocks that turned into Multibagger in the Month of August Universal [...]
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