The automotive industry in India is the largest, accounting for around 2.3% of the Indian GDP. India being the third largest steel producer provides a cost advantage to the auto components manufacturers as steel is a major raw material for them. According to ACMA, overall automotive industry turnover would rise by 10-15% in FY24. The [...]
Shares of RattanIndia Power shot up 19.15 per cent on Monday’s early trades to reach an intraday high of ₹ 5.60 apiece after Kotak Mahindra Bank on Friday said that two of its arms have invested ₹ 732 crores in the company to help it reduce the cost of debt servicing. Additionally, the company has [...]
With a market capitalization of Rs 1,362 crores, the shares of Capacite Infraprojects Limited are trading at Rs 201, zooming 6.10 percent as compared to the previous close of Rs 189.10. In the last one month, the stock has jumped over 17 percent ranging from Rs 171.15 at the end of May to the current [...]
Cambridge Technology Enterprises Limited is a penny stock with a market capitalization of Rs 144 crore, Company shares gained 10 percent of Rs 74.80 in Monday's first half session. The stock jumped amid of acquisition. According to exchange filings, R.P Web Apps private limited, a provider of information technology and web-based solutions, will be acquired [...]
Shares of Shree Cement Ltd plunged 10% on Monday’s early trades to reach an intraday low of ₹ 22605.60 apiece amid reports about the company being under the scanner for alleged tax evasion to the tune of ₹ 23,000 crore. This is said to be the biggest tax evasion ever, to date. At 11:28 AM, [...]
A ‘Dividend’ is usually defined as the distribution of a company's earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company. Moreover, an [...]
Around 81 per cent of people surveyed have faced issues around fee refund, trust, transparency and others from edtech platforms, according to online survey platform LocalCircles. The survey conducted between February 16 and June 15, 2023, found that 32 per cent of users have faced issues with BYJU'S, 10 per cent each with Unacademy and [...]
Pakistan's Parliament on Sunday approved the Rs 14.48 trillion budget for 2023-24 after new taxes were added to it as dictated by the IMF as a condition to release the remaining portion of an already agreed bailout package for the cash-strapped country. The budget aiming to achieve 3.5 per cent GDP growth was unveiled on [...]
Union Road Transport and Highways Minister Nitin Gadkari has said new vehicles will be introduced that run entirely on ethanol. Speaking at an event in Nagpur on Sunday, the minister recalled that he recently met the chairman of Mercedes Benz company which launched an electric vehicle. "He (the chairman) told me they would make electric [...]
Equity benchmark indices gained in early trade on Monday after falling in the previous two trading sessions, amid buying in index heavyweights ITC, ICICI Bank and Infosys. The 30-share BSE Sensex climbed 91.03 points to 63,070.40 points in early trade. The NSE Nifty advanced 39.30 points to 18,704.80 points. From the Sensex pack, ITC, Hindustan [...]
S&P Global Ratings on Monday retained India's GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience. "We see [...]
Starting a business is an exciting endeavor that offers individuals the opportunity to pursue their passion, exercise creative control, and build a thriving enterprise through a well-crafted business plan. While many entrepreneurs opt for team-based ventures, there is a growing trend of solopreneurship. Solopreneurs are individuals who single-handedly manage and operate their own businesses. In [...]
In the ever-evolving world of digital marketing, link building remains a crucial aspect of improving search engine rankings and driving organic traffic to your website. While it's true that anyone can attempt to build links on their own, there are numerous advantages to enlisting the services of a professional link building service. In this article, [...]
On Friday, domestic benchmark indexes closed in the red. The BSE Sensex fell 259.52 points, or 0.41%, ending the week at 62,979.37. Similarly, the NSE Nifty 50 fell 105.75 points, or 0.56%, to 18,665.50. Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 60%: Hindustan Oil Exploration Company Ltd: [...]
Small cap Stocks that have consistent financials and superior fundamentals are currently trading at a discount price. These companies are well-established and have a strong presence in the Indian market. Here are three stocks trading at a 25 percent discount from their 52-week high price Tamilnad Mercantile Bank Ltd: India’s one of the oldest private [...]
Shares of Safari Industries (India) Limited closed today at a price of Rs 2,916.15 and have a market capitalization of Rs 6,900 crores. The stock reached its all-time high level of Rs 3065.95 on the 19th of June 2023. The scrip, as per the BSE data, has given multibagger returns of approximately 90,300 percent during [...]
One of the best wealth-building strategies is investing in the stock market. Capital appreciation and dividend income help investors to build wealth in the long term. Dividends are sums of money distributed to shareholders from the company's profits. Companies may decide to pay dividends to shareholders when their operational expenses and ongoing projects are sufficiently [...]
Monopoly businesses have no or little market competition due to a single-player existence. Monopolistic enterprises benefit from economies of scale, resulting in lower average costs. Such companies usually control the market and are solo or large players in the market. Here is a monopoly stock with more than 90% market dominance. India's largest airport service aggregator [...]
A company with a ‘fundamentally strong’ nature portrays two basic characteristics, the first being the favourable debt-to-equity ratios and the second being strong financial numbers giving the company an edge at times of financial distress faced by peers in the industry. Herein this article, we will analyze one such fundamentally strong stock with an upside [...]
Do you know what is shares and how one can invest in them like a pro? If so, you are welcome to the page! To many people stock market seems quite complex and intimidating, especially for newbies. Therefore, it is important to understand how exactly the stock market works and what are the necessary investment strategies that [...]
