The Shares of Apollo Pipes Limited have delivered 12,120% in just ten years, as the share price has risen from Rs 4.4 in April 2013 to the current level of Rs 537 on the BSE. Apollo Pipes is engaged in the manufacturing and trading of PVC Pipes and Fittings. It has a presence in every [...]
Previously known as Magma Fincorp, Poonawalla Fincorp is an NBFC under the Cyrus Poonawalla Group. Having strong backing and technology in place, brokerage and research firm Anand Rathi sees a potential upside in it. Anand Rathi has given a “Buy” rating for Poonawalla Fincorp, with a target price of ₹417 per share. As of April [...]
Mid-cap stocks are known for being relatively risky as compared to large-cap companies but providing higher returns than them. According to AMFI’s recent classification of stocks, the top 100 companies that have a six-month average market capitalization of more than ₹ 48,800 crores are classified as large-cap stocks. Whereas, the next 150 companies with a [...]
Tata Communications Ltd is the primary provider of international and national voice and data transmission long-distance services, internet dial-up, broadband services and some other value-added services. The company has diversified its businesses by way of acquisitions and tapping new markets. The company’s stock opened its trading session today at Rs 1,269 and closed at a [...]
Domestic markets were trading higher on Monday, the first trading day of the financial year 2023-24, on the back of a rally in auto shares. The BSE Sensex started the week at 59131.16 points and the NSE Nifty 50 at 17427.95 points. The Reserve Bank of India’s three-day monetary policy started on Monday and the [...]
Today, saving water and energy is the top priority for most businesses. The rising need of saving fresh water and the high energy bills have forced businessmen to think about saving water and energy. Before starting the saving it's essential to identify the current water usage and it can be done by seeing the past [...]
HLL Infra Tech Services Ltd (HITES) has reported a 58 per cent jump in net profit to Rs 27.76 crore in 2022-23 compared to Rs 17.6 crore in FY22 on higher revenue from the infrastructure division, the Health Ministry said on Thursday. The total turnover of the central public sector undertaking under the Health Ministry [...]
In the trading session of April 6th, 2023, Ramkrishna Forgings saw its scrip gain by over 9 percent after announcing its recent long-term project. The stock is currently trading at ₹308.4 per share, after gaining over 10 percent in the past 5 trading sessions. Ramkrishna Forgings is a ₹4,900 crore market cap engineering stock. They [...]
Sri Lanka's Central Bank Governor Nandalal Weerasinghe has expressed confidence that the crisis-struck country could finalise debt restructuring negotiations with bilateral and commercial creditors before the first review of the IMF, a media report said on Thursday. Sri Lanka received USD 333 million dollars, the first tranche of the USD 3 billion International Monetary Fund [...]
Benchmark indices Sensex and Nifty closed higher on Thursday, extending the winning streak to the fifth straight session after the RBI unexpectedly kept policy rates unchanged as global banking woes added uncertainty to the economic outlook. Buying in index majors HDFC Bank and Reliance Industries also added to the optimism in the equity market. Bouncing [...]
Avenue Supermarts Ltd shares are trading in the red today with a downfall of around 4.3 percent. The scrip opened its trading session today at Rs 3,644.85 and currently trades at Rs 3,498. Such a drop in the share price is witnessed after a reduction in the standalone revenue from operations was observed in a [...]
Demand trajectory across urban and rural markets in India has shown a "slight improvement" sequentially in the March quarter, although it falls short of a full recover, FMCG major Dabur said. Despite near-term consumption pressure, some "green shoots" are emerging such as moderating inflation, improving consumer confidence and increase in government spending. "While urban markets [...]
Refractory player RHI Magnesita India has raised Rs 900 crore through qualified institutions placement, according to a company's top official. "We are pleased to announce a successful qualified institutional placement (QIP). This transaction demonstrates the support of high quality international and domestic institutional investors in the business and financial model of our company," the company's [...]
In the past year, listed hotel enterprise, Royal Orchid Hotels saw a gain of over 105.14 percent, doubling investors’ wealth in one year. The company recently found itself in the headlines over its renewed license agreement for its hotel - The Royal Brindavan Garden Palace & Space, located in Mysore, Karnataka, India. An investment of [...]
The RBI decision to keep repo rate unchanged comes as a welcome respite for homebuyers and will boost housing demand especially for affordable and mid-income category, according to property developers and consultants. After raising the interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly [...]
Cash-strapped Pakistan has received the nod for funding of up to USD 2 billion from Saudi Arabia, a move that will help the country secure the much-required bailout from the IMF, according to a media report on Thursday. The International Monetary Fund has imposed the condition on Pakistan that it should secure USD 3 billion [...]
Vibrant Energy has tied up over Rs 2,200 crore of project financing from state-run Power Finance Corporation (PFC) to build 300 MWac wind-solar hybrid projects in Madhya Pradesh and Karnataka. Vibrant Energy (Vibrant), which develops corporate renewable energy solutions, in a statement said that the financing will stand out as one of the largest project [...]
In the early morning session on Friday, the shares of Nandan Denim gained by over 11.4 percent, trading at ₹22.8 per share. In the past week, the stock price of Nandan Denim gained by around 45.6 percent. An investment of ₹1,00,000 in the stock would have left investors wealthier by ₹47,000 in the past 5 [...]
The Reserve Bank on Thursday marginally cut retail inflation projection to 5.2 per cent in the current fiscal, but flagged adverse climatic conditions and rising uncertainty in international financial markets as future risks. Although the expectation of a record Rabi harvest bodes well for easing of food price pressures, milk prices are likely to remain [...]
India has built a world-class digital public infrastructure which is transforming lives and economy and can be a lesson for many countries to follow, an IMF Working Paper said. India Stack is the collective name of a set of commonly used digital public infrastructure (DPIs) in India. It consists of three different layers -- unique [...]
