On April 24, 2016, Capital Small Finance Bank Limited, formerly known as Capital Local Area Bank, began doing business as India's First Small Finance Bank. Since January 14, 2000, Capital Local Area Bank has served as India's largest local area bank before converting to a small finance bank. The Bank was a pioneer in providing [...]
Shares of a small-cap company in ace investor Dolly Khanna’s portfolio gained 5.7 percent on Monday’s intraday trades to clock a fresh 52-week high of ₹ 749.00 apiece on the National stock exchange (NSE). At 12:34 PM, its shares were trading at 737.00, up 4.10 percent. According to Control Print’s shareholding pattern for the quarter [...]
Shares of this penny stock engaged in the construction business hit the 10 percent upper circuit post a couple of trading hours on Monday. The company is expected to announce its financial results for the quarter ended June 2023 today. With a market capitalization of Rs 315 crores, the stocks of Simplex Infrastructures Limited opened [...]
Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications. Recycling player Vikas Lifecare has posted a manifold jump in its standalone net profit at Rs 13.31 crore during the June quarter, on account of higher income. It had clocked a net profit of Rs 2.33 crore in the April-June period [...]
Indian low-cost carrier SpiceJet has its main office in Gurgaon, Haryana. By number of domestic passengers carried, it is India's second-largest airline, with a market share of 5.8% as of April 2023. No-frills carrier SpiceJet on Monday reported a net profit of Rs 205 crore in the three months ended June, helped by strong air [...]
The shares of the world's leading provider of defence training solutions touched the upper circuit percent after the company received an order of Rs 64 crore from the Ministry of Defence. At 10:30 p.m., Zen Technologies Limited shares touched a 5 percent upper circuit of Rs 826.70 on the stock exchange. As per the company's [...]
Shares of this multibagger stock under the ‘small-cap’ category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today. With a market capitalization of Rs 4,300 crores, the stocks of Technocraft Industries (India) Limited are currently trading at Rs 1,888, a gain of around [...]
Indian multinational corporation Amara Raja Group has its headquarters in Tirupati. The company is included in the manufacturing of electrical items, packaged foods and beverages, automotive batteries, infrastructure, power systems, sheet metal products and fasteners. Amara Raja Batteries Ltd on Saturday reported a 45.55 per cent increase in consolidated profit after tax at Rs 192.14 [...]
On Monday, the shares of the leading solar EPC solution provider rose 2.5 percent to Rs 379.80 a share after the company received an order for the solar project. At 12:26 p.m., Sterling and Wilson Renewable Energy Ltd shares were trading at Rs 375.95 a share on the National Stock Exchange, up Rs 5.85 or [...]
The Indian corporation Southern Petrochemical Industries Corporation Ltd., sometimes known as SPIC, produces fertilizer-related goods. The business, which has its headquarters in Chennai, Tamil Nadu, India, was established on December 18, 1969. Southern Petrochemicals Industries Corporation Ltd (SPIC) has reported a decline in its profit after tax for the April-June 2023 quarter at Rs 43.97 [...]
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in loan and deposit growth in percentage terms during the first quarter of the current financial year. The deposit and advances of the Pune-based lender recorded a nearly 25 per cent rise, the highest by any public sector bank during [...]
The advanced chemistry cell battery market demand in India is expected to grow at a CAGR of 50 per cent from 20 GWh in 2022 to around 220 GWh by 2030, according to a CII report released on Sunday. The growth is expected to be supported by the thriving local battery manufacturing industry and a [...]
Shares of a large-cap Maharatna PSU stock gained 1.8 percent on Monday’s early trades to reach a fresh 52-week high of ₹ 180.45 apiece on the National Stock Exchange (NSE). This happened after the company reported robust results for the April to June quarter of the financial year 2023-24. According to an exchange filing, Oil [...]
Benchmark equity indices declined in early trade on Monday, falling for the third day running, amid weak global market trends and fresh foreign fund outflows. Caution also prevailed in the market ahead of the announcement of wholesale and retail inflation numbers for July later in the day. The 30-share BSE Sensex fell 461.48 points to [...]
Auto ancillary companies are those that supply various components, parts, and services to the automotive industry. The price-to-earnings ratio, referred to as the P/E ratio, can be used to quickly assess if a stock is overvalued or undervalued. Listed below are Multibagger Auto ancillary undervalued stocks. Shriram Pistons & Rings The Shriram Group, one of [...]
Mutual fund investments in the stock market are closely watched by retail investors because they invest in substantial quantities that can affect stock price changes. Furthermore, because ordinary investors find it difficult to get all important information about a company, they tend to follow the actions of institutional funds, notably mutual funds, to make investment [...]
The Benchmark Indices were trading in the red on Friday with the Sensex slipping 366 points and closing at Rs 65,322.65 and the Nifty 50 index slipping 115 points and closing at Rs 19,428.30. Listed below are six stocks one should add to their watchlist for a potential upside of 36 percent: Brigade Enterprises Limited [...]
Companies are said to be fundamentally strong based on excellent financials, such as significant profit growth, a low debt-to-equity ratio, and continuous cash flow. Companies with strong financials will continue to expand and operate regardless of market conditions. Listed below are three small-cap stocks under Rs 150 Manappuram Finance Ltd Manappuram Finance is a Non-Banking [...]
A company’s return on capital employed (ROCE) assesses its efficiency in generating profits as a percentage of the total capital used by the company. The higher the ROCE is, the better are the chances of generating higher profits. Unlike return on equity (ROE), ROCE considers the total capital employed, i.e., equity shares, preference shares and [...]
Compounded Annual Growth Rate (CAGR), in simple terms, is the annual growth of one’s investments over a specific period of time. It helps investors compare different investments on a consistent basis and make informed decisions. Usually, smaller companies have a high growth potential as compared to larger mature companies. However, here are a few large-cap [...]
