India is the world's second-largest producer and third-largest exporter of tobacco. The tobacco business employs 46 million people. And the industry is attracting attention from investors to capitalize on the projected growth of tobacco stocks. A debt-free firm is one that has no debt or external borrowing. A debt-free company is one that is completely [...]
Tata Power on Wednesday posted an over 29 per cent rise in consolidated net profit at Rs 1,140.97 crore in the June quarter on the back of higher revenues. The company had reported a net profit of Rs 883.54 crore in the year-ago quarter, according to a BSE filing. Total income rose to Rs 15,484.71 [...]
A cutting-edge producer of fully finished and semi-finished forged engines and forged components is Balu Forge Industries. The company has benefited from incremental innovation and ongoing improvement by becoming the only one with the capacity to produce components that are compliant with the New Emissions Regulations and the New Energy Vehicles. Balu Forge Industries on [...]
The stocks of this small-cap company today made waves in the financial markets with a significant surge in its share price. The company's stock experienced a high increase following the release of its latest results. This impressive performance has captured the attention of investors and the market. IRCON International Ltd The company has a market [...]
JB Chemicals & Pharmaceuticals Ltd on Wednesday reported a 35 per cent increase in profit after tax at Rs 142 crore in the first quarter ended June 30, 2023. The company had posted a Profit After Tax (PAT) of Rs 105 crore in the same quarter last fiscal, JB Chemicals & Pharmaceuticals (JB Pharma) said [...]
The markets closed off positively on Wednesday, with the Nifty closing up 0.32% at Rs. 19,632.55. Sensex increased 0.23% at Rs. 65,995.81. The stock listed below has given multi-bagger returns within one month. The stock price is supported by strong and increasing volume which has crossed the previous day and one week's average. Premier Explosives [...]
Multibagger Stocks are those stocks that have gained over 100 percent in their stock price. These stocks are generally inexpensive and have strong fundamentals, making them excellent investing opportunities. Here are three multibagger small-cap stocks up to a return of 161% in One month Jai Balaji Industries Ltd Jai Balaji Industries belongs to the small-cap [...]
Shares of a large-cap company plunged 4.5 percent on Wednesday’s trades to reach an intraday low of ₹ 375.25 apiece amid news that its promoters are mulling over selling a stake in the company. Its shares settled at ₹ 377.70 apiece on the National Stock Exchange (NSE). According to a Bloomberg report, the Adani Group [...]
Sugar manufacturer EID Parry (India) Ltd has reported a decline in its consolidated profit after tax for the April-June 2023 quarter at Rs 324.90 crore due to reduction in export volume, the company said on Wednesday. The company, part of the diversified conglomerate Murugappa Group, had registered a consolidated PAT at Rs 494.19 crore during [...]
TVS Supply Chain Solutions, a part of TVS Mobility Group, is gearing up for the initial share sale that would be open for public subscription from August 10 onwards, officials said on Wednesday. The city-based company is hitting the capital market after a gap of nearly 29 years, Executive Vice-Chairman R Dinesh said. "I think [...]
Shares of this Miniratna Defense stock fell around 7 percent on Wednesday after the company published disappointing results for the quarter ending June 2023. With a market capitalization of Rs 6,500 crores, the stocks of Mishra Dhatu Nigam Limited closed at Rs 346.15 on Wednesday. The company witnessed an intra-day low of Rs 344.15 indicating [...]
Berger Paints India Ltd on Wednesday reported a 40% rise in consolidated net profit at Rs 354.91 crore for the June quarter. The company, which had posted a consolidated net profit of Rs 253.71 crore for the same period in the last fiscal, said its board has approved the issue of one bonus equity share [...]
TFarm equipment manufacturer VST Tillers Tractors Ltd, on Wednesday announced the launch of six compact tractors. The six new Series 9 models, in the range of 18HP to 36HP, were designed and developed at the company's Hosur plant. The company would launch three more higher HP tractors in September, its CEO, Antony Cherukara, said, adding [...]
This small-cap financials stock has received a BUY rating from 3 brokerages with a maximum upside of 33% over a 3-month period. The stock has continued to deliver consistent industry-leading financial results over the past quarters with other industry metrics showing improvements on a QoQ basis. Fusion Microfinance Ltd (“Fusion”), unlike the weak industry trend [...]
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- RBI's monetary policy and the US inflation data -- due [...]
Natco Pharma Ltd on Wednesday reported a 31.2 per cent rise in consolidated net profit at Rs 420.3 crore in the first quarter ended June 30, 2023. The company had posted a consolidated net profit of Rs 320.4 crore in the same period last fiscal, Natco Pharma said in a regulatory filing. Consolidated revenue from [...]
OnMobile Global has said its consolidated net profit jumped over two-fold to Rs 9.85 crore in June quarter, mainly on the back of higher revenues. OnMobile Global is a leading player in the cutting-edge mobile gaming and entertainment space, is headquartered in Bangalore with its presence in over 50 countries across the globe. The company [...]
Forex trading offers opportunities for individuals looking to capitalize on the fluctuations in global currency exchange rates. The breakout trading strategy is a popular and effective approach among the various trading strategies. Breakout trading is a procedure that involves identifying key price levels where the price of a cash pair is likely to break out [...]
Shares of a newly listed drone manufacturing company shed 7.4 percent on Wednesday intraday trades to reach a 52-week low of ₹ 996.00 apiece. This happened even though it received orders from the Ministry of Defence. Ideaforge Technology is a leader in the Indian unmanned aircraft systems (UAS) market, with a market share of 50 [...]
Piotroski Score is a discrete score ranked from ‘zero’ to ‘nine’ with nine being the best and zero being the worst. The score is based on nine different parameters such as net income, long-term debt, current ratio, gross margin, return on assets, asset turnover ratio, dilution of shares, operating cash flows in the current year, [...]
