Benchmark equity indices hit their fresh all-time high levels in early trade on Friday, helped by foreign fund inflows and positive trends in the global markets. Buying in index major Infosys and HDFC Bank also helped markets maintain their winning momentum. Rallying for the third straight day, the 30-share BSE Sensex jumped 499.42 points to [...]
A company is said to be ‘fundamentally strong’ when it portrays two basic characteristics, the first being a favourable debt-to-equity ratio and the second being strong financial numbers giving an edge to the company at times of financial distress faced by peers in the industry. Herein this article, we will analyze one such fundamentally strong [...]
Fundamentally strong businesses have good financials, such as a low debt-to-equity ratio, significant profit growth, and stable cash flow. These are the stocks that are more likely to survive market downturns and emerge stronger. A debt ratio of zero indicates that the company does not finance additional operations by borrowing at all. For shareholders, this [...]
The Indian government is on the verge of blending 20% ethanol into automotive gasoline in order to minimise reliance on foreign exchange. As a result, the Indian ethanol sector has made great success in recent months, attaining a 10% ethanol blending rate five months ahead of schedule. However, in order to meet the government's blending [...]
The stocks of Priti International Limited closed today at a price of Rs 169.20. The scrip witnessed an intra-day high of Rs 177, gaining around 10 percent compared to the previous closing levels of Rs 161.35. The company has a market capitalization of Rs 200 crores. The stock prices saw such positive movements in the [...]
With a market capitalization of Rs 900 crores, the shares of Kamdhenu Ventures Limited zoomed around 10 percent closing today at Rs 282.20. The scrip hit its all-time high at a price of Rs 286. In the last one month period, the stocks have gained more than 30 percent ranging from Rs 212.70 to the [...]
Benchmark equity indices hit their lifetime high levels on Wednesday, with the Sensex reaching the record 64,000-mark and the Nifty scaling the 19,000 level in intra-day trade, propelled by fresh foreign fund inflows and a rally in the US and European markets. Buying in market heavyweight stocks like Reliance Industries and HDFC Bank added to [...]
The shares of India’s Largest franchisee of Yum Brands closed at a price of Rs 1,415.65 apiece, on Wednesday. The stock fell the day after Mauritius-based firm WWD Ruby Ltd offloaded its entire stake in the company. As per reports, WWD Ruby, a foreign firm, liquidated its entire 4.77% share in Sapphire Foods India on [...]
The stocks of the Indian conglomerate, Adani Enterprises Limited, closed in the green today with the parent company exhibiting a gain of around 5.20 percent at a price of Rs 2,402. Moreover, the shares of Adani Green Energy Limited, the Renewable Energy arm, traded flat and closed at Rs 957. Such sharp movements in the [...]
Indian headline gauges opened at an all-time high on Wednesday, posting gains of more than 1% each, led by gains in financial and oil and gas shares. The BSE Sensex reached a lifetime high of 63716.00 points, while the NSE Nifty 50 reached a lifetime high of 18908.15 points. A lot happened in the past [...]
The shares of BLS International Services Limited surged 6 percent today and are currently trading at Rs 209. The scrip hit its 52-week high at a price of Rs 214.30. Keeping a time horizon of one year, the stock has delivered multibagger returns of around 105 percent. It means that if someone would have invested [...]
The shares of defence equipment manufacturer BEML gained 4 percent to Rs 1,639.90 apiece on Wednesday's session. The stock price increased in response to orders secured by the firm, As per the exchange filing. The company received orders for High Mobility Vehicles from Bharat Electronics Limited (BEL) and Bharat Dynamics Ltd (BDL). The contract's total [...]
Cash-strapped Pakistan and the IMF are discussing a new short-term standby arrangement (SBA) worth about USD 2.5 billion to get the country through the political transition to the newly-elected government in the second quarter of the current fiscal year, according to a media report on Wednesday. Pakistan’s ninth review by the International Monetary Fund (IMF) [...]
Vedanta Group has hired YJ Chen as the Chief Executive Officer (CEO) of its display business, the company said on Wednesday. Before joining Vedanta, Chen was with Chinese display maker HKC Corp, where he was Executive Vice President. He will spearhead Vedanta's plans to establish India's first display fab. "He (Chen) brings with him extremely [...]
The chemical manufacturer Meghmani Finechem Ltd shares gained 1.7 percent to Rs 1,134 on Wednesday's session. The stock price increased after the company diversified its portfolio in the renewable energy sector. As per exchange filings, Company commissioned and started power flow in the Wind Solar Hybrid Power Plant of ~ 18.34 MW through Special Purpose Vehicle [...]
The shares of JBM Auto Limited zoomed nearly 8 percent today and the scrip currently trades at Rs 1,161. The stock recorded an intra-day high today at Rs 1,164.90 which also emerges as its new 52-week high mark. Keeping a purview of six months, the company’s stock has been successful in delivering multibagger returns of [...]
On Wednesday's first half session, Titagarh Rail Systems Ltd shares rose 4.6 percent to Rs 528.75 apiece and reached a 52-week high price. The stock price jumped after the firm received an order from Gujarat Metro project. According to the exchange filing, Gujarat Metro Rail Corporation (GMRC) Limited awarded the Company a contract of Rs [...]
Due to recessionary pressures and increased competition, companies with a lower market cap tend to face difficulty as far as their operations are concerned. Despite the same, there are 3 multibagger small-cap stocks under Rs 200 listed below that one should keep a watch on: Artemis Medicare Services Limited The company’s shares are currently trading [...]
Shares of Interglobe Aviation, the parent company of Indigo Airlines appreciated to the tune of 1.71% to reach a 52-week high of ₹ 2,577.50 apiece on the National Stock Exchange (NSE) after a global brokerage raised its target price. UBS maintained its ‘buy’ rating on the stock with a target price of ₹ 3,300. This [...]
Mufin Green Finance is a Non-Banking Financial Company (NBFC) registered with Reserve Bank of India and is carrying on the business of Investment into shares, stocks, securities, and providing loans of all kinds. The company recently announced a bonus issue of shares. At 10:18 AM on Wednesday, its shares were trading at ₹ 132.75 apiece [...]
