A company of a ‘fundamentally strong’ nature portrays a certain set of characteristics that include lower leverage ratios, strong financials, etc. Listed below is one such fundamentally strong stock under the ‘sugar’ industry which is at a discount of more than 30 percent from its 52-week high level: E.I.D Parry (India) Limited With a market [...]
Equity benchmark indices Sensex and Nifty closed higher on Monday after two days of decline, supported by buying in index majors Infosys, ITC and Bajaj Finance amid a mixed trend in global markets. In a range-bound trade, the 30-share BSE Sensex climbed 267.43 points or 0.41 per cent to settle at 65,216.09. During the day, [...]
Tata Power Renewable Energy Limited (TPREL) on Monday said it will supply 9 megawatts of green energy to Tata Motors' plant in Pantnagar as part of an agreement. A power purchase agreement (PPA) has been signed with Tata Motors Limited Pantnagar plant in Uttarakhand, Tata Power said in a statement. The project will be commissioned [...]
Global engineering and product development digital services firm Tata Technologies Ltd on Monday said it has joined a worldwide development partnership of car manufacturers, suppliers, and other firms -- AUTOSAR -- as a premium partner. AUTOSAR has more than 280 partners, including BMW, Volkswagen, Toyota Motor Corporation, Ford, GM, DaimlerChrysler, PSA, Toyota, Bosch, Siemens, Peugeot [...]
Hyderabad-based multi-brand mobiles retail chain Big-C mobiles has set a target of Rs 1,500 crore as turnover in the current financial year, said company's founder, chairman and managing director M Balu Chowdary. The company had achieved Rs 1,000 crore turnover in FY2022-23. Big-C mobiles, which currently has 250 outlets across Telangana, Andhra Pradesh and Tamil [...]
The shares of the Event management company touched the upper circuit after the company assisted the General Insurance Festival of India in setting a Guinness World Record. On Monday, At 9:45 a.m., Exhicon Events Media Solutions Ltd hit a 5 percent upper circuit of Rs 320.25 apiece. As per company’s exchange filing, on August 19th, [...]
Many stocks in the Indian banking sector have witnessed a sharp uptrend in the recent past. Mahesh Nandurkar, India Strategist at Jefferies said that India's banking sector is looking good from the valuation standpoint currently. He believes that large-cap banks are looking attractive, and the banking sector stands out as a unique realm and currently [...]
Speciality chemicals maker Vipul Organics on Monday said it has entered into the paper segment with products like colourants, dispersions and dyes. “With so much excitement in the category, it was obvious that we had to seriously look at the paper business. We were gratified by the client response and are already working with the [...]
Co-working major WeWork India's revenue grew by 40 per cent to Rs 400 crore during the first quarter of this fiscal year on rising demand for flexible workspace across major cities from corporates, its CEO Karan Virwani said. The company, which is owned by real estate firm Embassy Group and WeWork Global, has started its [...]
With a dynamic economy, a strategic location in Central Europe, and a growing consumer base, Poland presents a compelling case for business expansion. As the sixth-largest economy in the European Union, Poland offers vast opportunities for foreign investors and businesses. However, before plunging into this promising market, it's crucial to understand the nuances that make [...]
Shares of this small-cap stock fell after well-known Ace Investor Mr. Ashish Kacholia sells a partial stake in the company. Keeping the short-term movements aside, the company’s stock has gained around 45 percent from Rs 427.50 to the current price level. With a market capitalization of Rs 1,924.35 crores, the stocks of SJS Enterprises Limited [...]
This company's Board has approved a 500% dividend on its face value of Rs. 2. After this announcement the stock jumps ~3% on Monday. A strong and increasing trading volume that has crossed the averages for both the previous day and last week is supporting the stock price. Gujarat State Fertilizer & Chemical Ltd The [...]
Sunsure Energy Sunsure Energy is one of India's largest C&I-focused Renewable Energy Power Producers. Sunsure is backed by Partners Group AG with a $400 million equity investment for developing over 3 GW of RE assets by 2027. Founded in 2015, Sunsure has developed and installed solar power plants for power-intensive industrial customers across 16 Indian [...]
The shares of the marine engineering solution provider gained 5.5 percent and reached an all-time high price of Rs 1,505 apiece after the company received an order for the Supply and Sale of Dredged Marine Sand. At 2:15 p.m., Knowledge Marine & Engineering Works Ltd shares were trading at Rs 1,475 a share on the [...]
Online food ordering and delivery platform Zomato on Monday said it has partnered with Battery Smart to provide battery-swapping access to its delivery partners on the latter's network. Under the partnership, Zomato's delivery partners can get access to Battery Smart's existing network of over 800 swap stations across more than 30 cities, the company said [...]
Recycling company Vikas Ecotech on Monday said it has paid Rs 101 crore dues to its lenders and is aiming to become debt-free by the financial year 2023-24. "The company has till date paid a debt of Rs 1012 million (Rs 101.2 crore) to its lenders and the outstanding amount remains at Rs 600 million [...]
Engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd on Monday said it has fixed a price band of Rs 94-99 per share for its Rs 309-crore initial public offering (IPO). The maiden public issue will open on August 24 and conclude on August 28, the company said. The IPO comprises a fresh [...]
Shares of a newly listed company appreciated to the tune of 5 per cent to reach an intraday high of ₹ 191.75 apiece on the Bombay Stocks Exchange (BSE) after European financial services provider Societe Generale picked its shares in a large deal. At 12:55 PM, the company’s shares were trading at ₹ 189.65 apiece. [...]
In the world of finance and investment, traders and investors are always looking for opportunities to maximize their returns. One such avenue that has gained significant popularity in recent years is margin trading. Margin trading can amplify profits through borrowed funds, allowing traders to exploit market movements with increased buying power. In this blog post, [...]
Shares of this construction stock under the ‘small-cap’ category soared up to 8 percent after receiving new orders across a wide range of business divisions. In the last six months, the stock has jumped nearly 37 percent from Rs 476.90 to the current price level. With a market capitalization of Rs 16,848.29 crores, the stocks [...]
