P/E (Price to Earnings) ratio defines the ratio of a company's current share price to its earnings per share (EPS), which is frequently employed to define the value of a stock. The Chemical stocks mentioned below have lower-than-average P/E ratios, indicating that their stock prices are undervalued in relation to its earnings.This is considered as [...]
Multipurpose project Damodar Valley Corporation (DVC) has drawn up capital expenditure plans of around Rs 70,000 crore by 2030 to boost power generation capacity from 6,700 MW at present to 16,000 MW, its chairman R N Singh said on Friday. He said DVC will increase its coal-fired power generation capacity through brownfield expansion. It also [...]
This stock has made higher highs and higher lows over the past 5Y and 1Y period and has returned a whopping 250% in 1Y - meaning, if you had invested Rs. 1 Lakh in this stock one year ago, it would have now been worth Rs. 3.5 Lakh! This has been consistent with 3Y returns [...]
Shares of JK Tyre & Industries on Friday jumped nearly 7 per cent after the company reported an over four-fold rise in consolidated net profit at Rs 158.59 crore for the first quarter ended June 30, 2023. The stock rallied 6.73 per cent to settle at Rs 283 apiece on the BSE. During the day, [...]
The Finance Ministry has approved the upgradation of Oil India Ltd to the category of 'Maharatna', a move which will impart enhanced powers to the OIL board while taking financial decisions. ONGC Videsh is a wholly-owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC). To be eligible for the grant of [...]
Devyani International Ltd, a quick service restaurant (QSR) operator, on Friday reported a consolidated net loss of Rs 1.59 crore for the first quarter that ended on June 2023 on account of currency devaluation in the Nigerian market. Shares of Devyani International Ltd on Thursday settled at Rs 188.70 on BSE, down 2.83% from the [...]
Equity benchmark indices Sensex and Nifty snapped their three-session losing streak to close nearly 1% higher on Friday, buoyed by gains in HDFC Bank, Reliance Industries and Infosys amid a largely firm trend in global markets. After three days of decline, the 30-share BSE Sensex climbed 480.57 points or 0.74% to settle at 65,721.25. During [...]
SJVN is a public sector undertaking involved in power trading, thermal and hydroelectric power generation and transmission. State-owned SJVN Ltd has signed a trade agreement with Sikkim Urja Ltd for supply of 180 megawatt (MW) hydro power. As part of the agreement, power will be supplied to distribution licensees and open access consumers, SJVN said [...]
Brookfield India Real Estate Trust will garner Rs 400 crore by issuing units to sponsor group entity Project Diamond Holdings on preferential basis and also plans to raise up to Rs 750 crore through issue of commercial papers to finance acquisition of two commercial assets in Gurugram and Mumbai. Brookfield India REIT is among four [...]
Shares of a food aggregator soared 13.7 percent to reach a fresh 52-week high of ₹ 98.40 apiece on the National Stock Exchange (NSE) after the company turned profitable. At 02:50 PM, its shares were trading at ₹ 95.90, up 10.80 percent. Zomato posted a profit after tax (PAT) at ₹ 2 crore for the [...]
A company that develops commercial real estate is called Delhi Land & Finance (DLF Limited). Its headquarters are in New Delhi, India, and Chaudhary Raghvendra Singh created it in 1946. Model Town, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas are just a few of the residential colonies that DLF [...]
Shares of this small-cap Automobile stock jumped up to 18 percent after the company posted its financial results for the quarter ended June 2023. In the last six months, the company’s scrip has gained about 74 percent from Rs 728.25 to the current price level. With a market capitalization of Rs 1,830 crores, the stocks [...]
A leading lubricant manufacturing and marketing company gained 12 percent to reach a 52 week high price of Rs 607.40 apiece on Friday trade following the company’s impressive June quarter financial results. At 2:28 p.m., Gulf Oil Lubricants India Ltd shares were trading at Rs 574.50 a share on the National Stock Exchange, up Rs [...]
Shares of a small-cap company zoomed 9.33 percent on Friday’s early trades to reach a fresh 52-week high of ₹ 2634.90 apiece on the National Stock Exchange (NSE). This happened after it announced the acquisition of a controlling stake in the company. At 02:01, its shares were trading at ₹ 2488.85 apiece, up 3.27 percent. [...]
State Bank of India (SBI), a Fortune 500 firm, is a Mumbai-based statutory institution for public sector banking and financial services in India. SBI has a long history dating back more than 200 years, making it the bank that Indians have had the most faith in. SBI, the largest Indian bank with a quarter of [...]
Mahindra & Mahindra Limited (M&M) is a Mumbai-based, multinational Indian automotive manufacturing company. It was founded in 1945 under the name Mahindra & Mohammed and changed to Mahindra & Mahindra subsequently. M&M, a member of the Mahindra Group, is one of India's top car producers by production. By volume, Mahindra Tractors, one of its divisions, [...]
The shares of glass container maker, which belong to the micro-cap category with a market value of Rs 533 crore, gained 11 percent to a 52-week high price of Rs 103.45 apiece on Friday morning following the company’s strong June quarter financial results. At 1:28 p.m., Haldyn Glass Ltd shares were trading at Rs 98.99 [...]
Shares of this penny stock hit the 5 percent upper circuit after Foreign Portfolio Investor (FPI) buys a fresh stake in the company via Bulk Deal. With a market capitalization of Rs 200 crores, the stocks of Visa Steel Limited started their trading session on Friday at Rs 16.45 and currently is locked in the [...]
A large-cap railway company’s share price ascended from ₹ 27.40 to ₹ 48.30 or by 76.28 percent in a span of four months. The stock got listed on the bourses in January 2021 and witnessed a flat listing. In fact, it grew sideways until October 2022, giving no significant returns to its investors. However, it [...]
Shares of a leading renewable energy supplier rose 5 percent to Rs 865 apiece on Friday after the company won a solar Photovoltaic Power Project. At 12:30 p.m., KPI Green Energy Ltd shares were trading at Rs 846.55 a share on the National Stock Exchange, up Rs 21.85 or 2.65 percent. The company has a [...]
