The company's shares rose 5% on Monday, and had announced shortly prior to the weekend a Rs. 250 crore deal signed with a Public Sector Undertaking (“PSU”) entity. The deal duration is 3 years in which Sterlite Technologies Ltd (“STL”) is to design, build, commission and maintain 2 data centers which are set to service [...]
A company is said to be “fundamentally strong” when it portrays a certain set of characteristics such as strong financial numbers, lower leverage ratios, etc. Listed below is one such fundamentally strong stock engaged in the “Automobile” sector with a potential upside of more than 30 percent: Mahindra & Mahindra Limited The shares of Mahindra [...]
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 [...]
In the global market for high-end speciality chemicals, Vikas Ecotech is a rising participant. The business is committed to meeting consumer needs and providing the globe with items that are technologically advanced and eco-friendly. Vikas Ecotech Limited (VEL) on Monday announced its foray into the conventional energy segment after receiving a Rs 20-crore coal supply [...]
At its facilities in Andhra Pradesh's Medak District and Chattisgarh's Bhilai, Vishnu Compounds pioneered the production of chrome compounds such as sodium dichromate, potassium dichromate, basic chromium sulphate, and yellow sodium sulphate over a 17-year period. Speciality chemicals maker Vishnu Chemicals Ltd on Monday said it has raised Rs 200 crore via qualified institutions placement [...]
On Monday, the shares of a leading original equipment manufacturer in the automotive industry rose 2.3 percent to Rs 908 apiece,upon an Rs 180 crore order for original equipment supply from a foreign customer. At 1:30 p.m., Divgi TorqTransfer Systems Ltd shares were trading at Rs 891.45 a share on the National Stock Exchange, up [...]
Shares of a non-banking financial company (NBFC) appreciated to the tune of 20 percent on Monday’s early trades to reach a fresh 52-week high of ₹ 495.75 apiece on the National Stock Exchange (NSE). At 12:46 PM, its shares were trading at ₹ 488.95 apiece. Authum Investment & Infrastructure is engaged in the business of [...]
One 97 Communications Ltd (“Paytm”) is up 6.95% on Monday after the announcement of Founder, Managing Director and CEO of Paytm - Vijay Shekhar Sharma (“Mr. Sharma'') entering to a definitive agreement on 7th August with Antfin, netherlands to acquire 10.38% stake, wherein Antfin will transfer 65,335,101 shares of the company in a non cash [...]
The shares of one of the leading player in Electronics Manufacturing Services gained 10 percent to an all-time high of Rs 1,715 apiece on Monday morning following the company’s impressive June Quarter financial results. At 12:36 p.m., PG Electroplast Ltd shares were trading at Rs 1,655 a share on the National Stock Exchange, up Rs [...]
Harmony Organics is a Pune-based company that manufactures Phenyl Ethyl Alcohol (PEA) and its aroma chemicals are used in the fragrance and flavour industry. The company's flagship products are PEA and Cinnamic Aldehyde, with an installed production capacity of 20,000 tonnes per year at its factory located in Pune. Speciality chemicals company Harmony Organics on [...]
Shares of a small-cap defence stock surged 10 percent to hit the upper circuit on Monday’s early trades after the company reported stellar results for the April to June quarter (Q1FY24). Its shares were locked at ₹ 674.85 apiece on the National Stock Exchange (NSE). Zen Technologies is a leading provider of defence training solutions [...]
Shares of this small-cap stock engaged in the Information Technology (IT) sector jumped up to 7 percent after announcing results for Q1FY23-24. Year-To-Date, the company’s stock has gained more than 50 percent from Rs 1,048.85 to the current price level. With a market capitalization of Rs 8,500 crores, the stocks of CE Info Systems Limited [...]
Companies with a strong financial foundation, such as those with a high return on equity, good earnings growth, low debt-to-equity ratios and good net profit growth, are considered to be fundamentally strong companies. Listed below are two such fundamentally strong stocks under the mid-cap category which are engaged in the IT sector: KPIT Technologies Ltd [...]
A company’s return on equity (ROE) is a gauge of a corporation's profitability and how efficient it is in generating profits during a given period of time. A high ROE indicates that the company is good at converting its equity financing into profits. Ideally, the ROE should be above 15 percent to 20 percent, depending [...]
Indian equity benchmarks— BSE Sensex and NSE Nifty 50 ended higher on Friday, breaking a three-day losing streak, led by financial and IT shares. The Sensex closed for the week at 65,721.25 points (up 480.57 points or 0.74 percent), while the Nifty 50 settled at 19,517.00 (up 135.35 points or 0.70 percent). Meanwhile, here are [...]
“Dividend Yield” is defined as a financial ratio showing how much a company pays out by way of dividends every year relative to the company’s stock price. Listed below are four stocks under the “mid-cap” category having a high dividend yield of up to percent: NMDC Limited With a market capitalization of Rs 33,189 crores, [...]
The market has been volatile the last two days, and in panic, which in part was caused by Fitch’s downgrade of the US credit rating and weak performance by a few key stocks. Sensex fell 1200 points and Nifty by more than 200 points. Amid such a selloff, investors lost close to Rs. 4.5 trillion. [...]
Fundamentally strong companies have strong financials, such as a considerable profit growth,low debt-to-equity ratio and consistent cash flow. Those companies that will continue to grow and be in business no matter the market situation. Listed below are the two fundamentally strong small-cap Auto stocks RACL Geartech Ltd RACL Geartech Ltd is a leading automotive gear [...]
Caplin Point Laboratories Ltd shares closed at Rs 950.60 a share, up 1.28 percent on August 4, at a 52-week high of Rs 978.80 and a market capitalization of Rs 7,217 crores. According to BSE data, the stock has delivered multibagger returns of about 72,723 percent over a 14-year period, spanning from Rs 1.30 in [...]
‘Dividend’ is generally defined as the company’s distribution of its earnings to its shareholders and the same is determined by the Board of Directors. The dividends are often been distributed once in a quarter and the mode of payment could be in the form of cash or reinvestment in the company’s additional stocks. Apart from [...]
