Pyramid Technoplast Ltd allotted 16,59,600 shares to four anchor investors at Rs. 166 per share Mr. Bijaykumar Agarwal, Chairman and Managing Director of Pyramid Technoplast Ltd Mumbai (Maharashtra) [India], August 17: Pyramid Technoplast Limited has raised Rs. 27.54 crore from four anchor investors a day before its public issue opens for subscription. Company allotted 16,59,600 [...]
The NBFC stock has logged a return of more than 50% in a period of six months. Analysts remain bullish on the stock and have maintained a buy rating with a huge upside potential. The stock in focus here is Shriram Finance Limited. The shares opened at Rs. 1811.95 and gained up to 3% to [...]
SEBI on Thursday extended the auction of 15 properties belonging to seven companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors, to August 31 to recover money illegally collected from investors. The other firms whose properties will be auctioned are: Infocare Infra, Bharat Krishi Samridhi Industries Ltd, GSHP [...]
Betting big on the growing electric vehicle market in India, luxury car maker Mercedes-Benz is expecting its EV portfolio (present and future) to make up 25 % of its total car sales in the next three years, growing from the current levels of 3-4%. Mercedes-Benz on Thursday launched the GLC, its new petrol/diesel SUV, in [...]
This stock is offering bonus shares to its shareholders and its ex date is closer than ever! The company has also announced a 60% dividend for each share and its ex date has been decided as well. The shares of GNA Axles opened at Rs. 968 on Thursday where it rose by another percent reaching [...]
Adani Group of Companies’ shares have been having a rough time of slumps and volatility and negative press and investor sentiment as uncertainty builds over SEBI registration. Amidst the chaos, on Thursday the shares of Adani Power climbed over 2% after US-based boutique investment firm GQG Partners along with other investors bought an 8.1% stake [...]
Investing in the stock market has long been a proven method of building wealth and achieving financial goals. Two primary strategies dominate this landscape: stock trading and stock holding. While both approaches have their merits, they cater to different investment styles and risk appetites. In this article, we will explore the advantages of stock trading [...]
Cash flow from operations, one of the most important and tracked upon metric in the finance industry, exhibits the amount of money generated by the company from ongoing, regular business activities. Listed below are two mid-cap stocks under the Tata Group universe that have shown a consistent increase in cash flow from operations during the [...]
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The BSE benchmark had climbed 137.50 points or 0.21% to settle at 65,539.42 on Wednesday. The Nifty gained 30.45 points [...]
Blue Chip stocks are the shares of very large and well-known companies with a long history of sound financial performance. These companies tend to endure tough market conditions and give high returns. Here are a few blue chip stocks with high mutual fund holdings: ICICI Bank ICICI Bank is among India’s largest private-sector banks. It [...]
PSU Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen as it looks to transform into a low-carbon energy player. The company stated it is aligned with the nation's goal to cut carbon emissions by 1 billion [...]
As a trader enthusiast, you may feel confident in your knowledge of the markets. You might have your favorite indicators, preferred time frames, and risk management rules. But do you know how to adapt to changing trends, volatility, and news events? Do you know how to exploit the hidden opportunities that other traders miss? This [...]
At Rs. 40.35, this penny stock reaches an upper circuit of 10%. The strong and rising volume that has above the averages from the preceding day and week are supporting the stock price and this stock has climbed 33% in one year. The stock is currently trading above the 50-day and 200-day moving averages. HEC [...]
Godrej Properties' net debt rose 45% QoQ in Q1 ‘24 to Rs 5,298 crore and debt-equity ratio stands at 0.56. owing to aggressive land purchase across major cities, stated an investor presentation. Since April last year, Godrej Properties has been aggressive in new business development under which the company is purchasing land outright and also [...]
Shares of an alcohol manufacturer pared 8 percent on Thursday’s trades to reach an intraday low of ₹ 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at ₹ 920.00. a According to reports, about 25 lakh shares or 8.5 percent equity of Globus Spirits changed [...]
Pitti Engineering Ltd., which is into the manufacturing of traction and special purpose motors and generators, has reported a net profit of ₹ 13.97 crore, 19.30% YoY growth from ₹ 11.71 crore in Q1 ‘23. It also recorded the highest ever EBITDA for a quarter at ₹ 42.43 crore as compared with ₹ 35.45 crore, [...]
A small-cap multibagger stock that delivered multibagger returns in the past three years has announced a 2:1 bonus issue. At 12:05 Pm, its shares were trading at ₹ 222.95 apiece on the National Stock Exchange (NSE). Lancer Container Lines informed the exchanges that its board has approved a bonus issue in the ratio of 2:1. [...]
HDFC Group on Thursday announced the launch of its life insurance and asset management services at International Financial Services Centre (IFSC) in Gujarat's GIFT City. Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India and is India's first operational greenfield smart city and international financial services centre. [...]
Brokerages and research firms have recently upgraded targets and or ratings for several stocks under coverage. Listed below are 5 stocks that saw action today, gaining up to 10% and have received target upgrades this week with upside up to 33% to add to your wishlist. Kalpataru Projects International Ltd (“KPIL”): The stock has been [...]
The Shares of the leading fertilizers and chemicals manufacturing company gained 5 percent to Rs 113.65 apiece on Thursday after it received clearance from the Ministry of Environment to set up a nano-urea plant. At 2:40 p.m., On the National Stock Exchange, Rashtriya Chemicals and Fertilisers Ltd shares were trading at Rs 110.90 a share, [...]
