A stock is said to be an “undervalued” one when the basic valuation ratios, viz, the price-to-earnings ratio (P/E) and price-to-book value ratio (P/BV) are lesser than the industry average. Listed below is one such undervalued fundamentally strong stock that gets a buy call with a potential upside of more than 25 percent: City Union [...]
The share prices of defense-related companies have been rising sharply for three days now. Compared to Monday, share prices of major defense companies are on the rise as they continue releasing their quarterly results. A majority of these stocks saw a spike in their prices today. Here are two stocks that gained up to 18% [...]
The shares of this small-cap manufacturing company closed 14% higher at its new 52-week high of Rs 1,450 on Wednesday. The stock rallied after it bagged an order worth Rs 49 Crores. Known in forty- five countries worldwide, Jash engineering limited is a global company that manufactures a wide range of equipment for the engineering [...]
Tents are essential outdoor exploration gear, particularly during overland and camping trips. While traditional tents reigned the outdoor gear space for decades, discerning adventure enthusiasts are gradually shifting to roof rack tents. While car roof tents are a fairly recent phenomenon, they are gaining traction and winning over discerning outdoor enthusiasts. According to one market [...]
Quint Digital Media Limited, India's leading multi-brand digital media and media-tech group — being the only new-age digital media and technology player listed on an Indian stock exchange — published its standalone and consolidated results for Q1 FY24 on 14 August 2023. Quint Digital Media Limited (QDML) rebranded itself as a pure-play digital company — [...]
One Point One Solutions, a BPM services provider has reported total income of Rs. 40.24 crore, as compared to ₹ 35.05 crore last year, registered a growth of 14.81%. EBITDA was at ₹ 12.81 crore, as compared to ₹ 8.63 crore in the same period of last year, registering a growth of 48.44%. EBITDA Margin [...]
The small-cap stock climbed strongly on Wednesday on the announcement of the recent earnings. The company is currently trading above its 50-day and 200-day moving averages, and its price is being supported by high and rising volume that exceeds its averages for the previous day and week. This stock has generated 295% gains in three [...]
As part of the OFS, 53.7 lakh equity shares will be offloaded by Paritosh Kumar Garg (HUF) and up to 26.85 lakh equity shares by India Business Excellence Fund - III. Also, the company may consider a pre-IPO placement of shares aggregating up to Rs 100 crore. If such placement is completed, the fresh issue [...]
Shares of this small-cap Tata Group stock soared up to 7 percent on Wednesday post a purchase order worth Rs 7,492 crores. In the last six months, the stock has gained close to 38 percent from Rs 611.65 to the current price level. With a market capitalization of Rs 14,300 crores, the stocks of Tejas [...]
The shares of India's largest cafe operator rose 7.6 percent to Rs 39 each on Wednesday over the company's strong June Quarter financial performance. Coffee Day Enterprises Ltd shares closed at Rs 39, up Rs 2.15 or 5.83 percent on Wednesday on the National Stock Exchange, The company has a market capitalization of Rs 823 [...]
Banks' lending to non-banking finance companies (NBFCs) rose by 35.1% to Rs 14.2 lakh crore in June, a report said. Credit exposure of banks to NBFCs rose by a robust 35.1% on-year to Rs 14.2 lakh crore in June, indicating non-banking finance firms' decreased reliance on international borrowings. Meanwhile, mutual funds' debt exposure to NBFCs, [...]
EV bus companies were in focus on Wednesday, as the Cabinet chaired by Prime Minister Narendra Modi approved the PM-e Bus Seva Scheme, Anurag Thakur, Minister of Information and Broadcasting said at a briefing. A total outlay of ₹ 57,613 crore has been allotted to the e-Bus scheme. Of this, the Central Government will provide [...]
Benchmark equity indices Sensex and Nifty pared early losses to close higher on Wednesday, helped by fag-end buying in index majors Infosys, L&T and M&M amid a mixed trend in global markets. The 30-share BSE Sensex climbed 137.50 points or 0.21% to settle at 65,539.42. During the day, it fell by 369.03 points or 0.56% [...]
In early trade on Wednesday, shares of one of the largest microfinance institutions rose 5.2 percent to Rs 525 per share after BNP Paribas Arbitrage and Abakkus Emerging Opportunities Fund acquired a 1.5 percent stake. Ujjivan Financial Services Ltd shares closed at Rs 517.05 apiece, up Rs 21.50 or 4.34 percent from the previous close, [...]
The telecom services industry is expected to post moderate revenue growth of 7-9% in FY 24, due to muted average revenue per user (ARPU) expansion in the absence of tariff hikes in the near-term, ICRA said. The industry has been "upfronting" 5G capex (capital expenditure) and ICRA foresees sectoral capex at around Rs 70,000 crore [...]
Fitch Ratings on Wednesday said the operating environment for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed. A number of prudential indicators for the sector have also improved compared to pre-pandemic levels, and the operating environment score continues to benefit from the economy’s well-diversified structure, which helps to reduce [...]
In the stock market, a bulk transaction is one in which the total number of shares purchased or sold exceeds 0.5% of the company's share capital. On Wednesday shares of this company opened at Rs. 361.50 apiece and closed at Rs. 368.60 apiece. Currently, the shares trading above then the 50-days and 200-days moving averages. [...]
Shares of this auto-ancillary stock under the mid-cap category gained up to 7 percent in Wednesday’s trading session after the company commissioned two new EV plants. With a market capitalization of Rs 35,176 crores, the stocks of UNO Minda Limited had a flat movement during the initial trading hours on Wednesday, but, thereafter, witnessed a [...]
Chennai-based TVS Motor Company and Germany's BMW Motorrad are in discussions to expand the manufacturing network beyond India under their long-term strategic partnership, the companies said on Wednesday. In April 2013, the two firms had entered into a partnership to manufacture sub-500cc motorcycles for global markets. It resulted in the development of four products on [...]
A penny stock gained nearly 19 percent on Wednesday’s intraday trades after it reported robust results for the April to June quarter of the current financial year (Q1FY24). Vikas Lifecare trades and manufactures polymer, rubber compounds and additives for plastics, synthetic & natural rubber, infra, agro products, FMCG products, and so on. The company reported [...]
