The Indian VFX industry is steadily growing as an outcome of the use of world-class techniques and cutting-edge technology. In 2022, India's animation and VFX business was estimated to be worth around 107 billion Indian rupees. The worldwide VFX market is rapidly expanding, with a market value of USD 6,771.78 million in 2021 and a [...]
India’s Top Tyre manufacturer JK Tyre & Industries Ltd shares rose 9 percent and reached an all-time high of Rs 228.30 on Friday’s first half session. The shares rose after the company announced the completion of the first phase of capacity expansion at its Madhya Pradesh manufacturing facility. As per exchange filings, the Company announced [...]
Shares of Suzlon Energy zoomed on Friday’s intraday trades after brokerage firm ICICI Securities maintained a buy rating on the stock. Its shares gained 6.1 percent on Friday to reach an intraday high of ₹ 15.65 apiece on the National Stock Exchange (NSE). At 02:05 PM, its shares were trading at ₹ 15.30 apiece, up [...]
The shares of Tata Communications Limited opened their trading hour today at Rs 1,588 and currently are available for Rs 1,575, trading flat compared to the previous closing levels of Rs 1,582.75. According to the recent regulatory filing the company published with the Bombay Stock Exchange (BSE), the company announced that it has entered into [...]
Shares of CreditAccess Grameen Ltd, an NBFC registered with the Reserve Bank of India (RBI), shed 6 percent after block deals took place on the counter. The company’s share price reached an intraday low of ₹ 1,244.95 apiece on the National Stock Exchange (NSE). Reports suggest that the company’s share price tumbled as its promoter [...]
With a market capitalization of Rs 3,780 crores, the stocks of TD Power Systems Limited are trading in the green today and currently are available for Rs 242. The scrip witnessed an intra-day high of Rs 244.65 indicating a gain of around 10 percent compared to the previous closing levels of Rs 223.20. The same [...]
Manufacturer of ayurvedic product Amrutanjan Health Care Limited shares gained 12 percent to Rs 752.65 a share in the first half session on Friday, The stock price increased after the company announced the buyback of shares. According to the BSE filing,On Friday, the company's board of directors approved a repurchase for Rs 28.8 crore at [...]
Shares of Asset Management Companies (AMCs) were on a roll on Friday’s intraday trades after the Securities and Exchange Board of India (SEBI) announced a decision. HDFC AMC shot up 14.63 percent, Nippon India Life AMC clocked an impressive 16.50 percent gain and Aditya Birla Sun Life AMC clocked 8.85 percent gains to reach their respective [...]
The shares of 63 Moons Technologies Limited surged 14.50 percent in today’s trading session and currently trade at Rs 248. The scrip touched its fresh 52-week high mark at a price of Rs 255.90. Within a period of just one month, the company’s stock has gained over 40 percent ranging from Rs 169.90 to the [...]
Based on geopolitical tensions across national borders, the aerospace and defence industry is continuing to grow, and as a result, Indian defence sector stocks have experienced phenomenal growth for investors. Over the previous decade, India has emerged as one of the most appealing in terms of military modernization, with an estimated capital expenditure of USD [...]
President Vladimir Putin has called Prime Minister Narendra Modi “a big friend" of Russia and said his 'Make in India' campaign has had a "truly impressive effect" on the country's economy. Putin made these remarks on Thursday at a forum in Moscow organised by Russia’s Agency for Strategic Initiatives (ASI). “Our friends in India and [...]
The market capitalisation of BSE-listed firms reached an all-time high of Rs 295.72 lakh crore in early trade on Friday, helped by optimism in equities, where the benchmark Sensex hit its new lifetime peak. Rallying for the third day running, the 30-share Sensex surged 499.42 points or 0.78 per cent to reach its all-time high [...]
Many books and materials have been written on the forex market. There is so much information that it is quite difficult to digest it and even more so to remember it. Of course, it takes time to master, and even more, time will be spent on developing practical skills and testing all those strategies and [...]
In a major relief to cash-strapped Pakistan, the government and the IMF have reached a long-awaited staff-level agreement on a USD 3 billion “stand-by arrangement” to support the authorities’ immediate efforts to stabilise the economy from external shocks. Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure [...]
Bharti Airtel's 5G network rollout has been more "measured" and lags behind its biggest rival Reliance Jio, according to an analyst report. Analysts at investment services provider JP Morgan in the report said the measured coverage could prompt a higher capital expenditure over the next 12-18 months by Bharti Airtel, which could face potential market [...]
State-owned NHPC Ltd on Thursday said it has completed over 90 per cent construction of its Subansiri Lower Hydroelectric project. NHPC is constructing the 2,000 MW power project located in Assam-Arunachal Pradesh. "More than 90 per cent of total project work has already been completed. After monsoon, balance work of radial gates will be completed [...]
Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, has posted widening of loss to Rs 1,535 crore for 2022-23, according to details shared by Tofler. Tofler said the loss of BigBasket increased by 89 per cent, implying the company had posted a loss of around Rs 812 crore in 2021-22. The company's [...]
Coromandel International Ltd has acquired an additional 32.68 per cent stake in drone firm Dhaksha Unmanned Systems for Rs 204 crore, according to a regulatory filing. The company now has a 51 per cent stake in the start-up. In the regulatory filing, Coromandel International informed that its wholly owned subsidiary Coromandel Technology Ltd (CTL) is [...]
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 [...]
