Indian public sector banks have been in highlight recently for their multi-bagger gains to their shareholders. All-time high loan disbursements, improved asset quality and expansion of net interest margins prompted retail and foreign institutional investors likewise to pile government banks in their portfolios. One such bank that has delivered impressive gains is the Bank of [...]
Given growing prices, changing lifestyles, and an increase in critical disease cases, knowing what term insurance is should be the first step toward financial preparation for everyone. You may wonder how this helps. Finding the best term life insurance is critical since it will provide financial security in the event of your untimely death. You [...]
A company generally decides to split its shares mainly because of two reasons. The first is to improve the trading liquidity in the market and the second reason is to make the stock seem more affordable to investors. The number of shares outstanding increases and the price per share decreases, keeping the total market capitalization [...]
Mahindra & Mahindra Ltd on Wednesday said it will invest Rs 10,000 crore in the next 7-8 years in the manufacturing and development of electric vehicles at Pune, Maharashtra. The investment of Rs 10,000 crore for electric vehicles has been approved under the Maharashtra government's industrial promotion scheme for electric vehicles, M&M said in a [...]
Supreme Petrochem Ltd informed the exchanges that its board has fixed Friday, January 6th, 2023 as the record date for the purpose of sub-division/ split of its shares of the face value of ₹ 4 to ₹ 2 per share paid up. Supreme Petrochem Ltd (SPL) is a leading petrochemical company engaged in the business [...]
The shares of KIOCL Ltd. rallied 12.07% in the early hours of trading on Wednesday. The stock of the government-owned mining company touched its high of Rs 232.90 per share. Formerly known as Kudremukh Iron Ore Company Ltd., KIOCL is a central public sector undertaking under the Ministry of Steel, Government of India. The rise [...]
KPI Green Energy announced on Monday that it has received new orders to develop solar power projects aggregating to 24.90 Megawatt (MW) capacity. As a result, its shares were trading in the green at ₹ 914.70 apiece at 01:13 PM on Tuesday. It is a small-cap company with a market capitalization of ₹ 1624 crores. [...]
The shares of Bandhan Bank gained 3.68% on Tuesday to reach an intraday high of ₹ 255.85 apiece on the Bombay Stock Exchange (BSE). This happened after the company informed the bourses that it has received the first tranche of money under the government’s Credit Guarantee Fund for Micro Units (CGFMU) amounting to Rs 916.61 [...]
Proxy advisory firm IiAS has said that One97 Communications share buyback plan is essentially a return of equity capital to its shareholders as the company has been reporting cash losses every year, while the digital financial services firm said that it remains focussed on building long-term value for stakeholders. Institutional Investor Advisory Services (IiAS) on [...]
The shares of Punjab and Sind bank recently witnessed a spectacular move. They hit the upper circuit as they gained 9.96%. The PSU Bank’s shares were locked at ₹ 40.85 apiece at 10:45 AM on Tuesday and reached a fresh 52-week high on the National Stock Exchange (NSE). The bank’s share price increased by 42.09% [...]
Leading stock exchange BSE on Tuesday said it has added 1 crore registered investor accounts to its platform in a span of 148 days, taking the total count to 12 crore. The exchange added one crore investors' accounts between July 18 and December 13, BSE said in a statement. In comparison, the exchange took 124, [...]
The Indian equity benchmarks BSE Sensex and NSE Nifty50 opened in the green on Tuesday amid largely positive cues from global markets. Till the afternoon, the Nifty50 was trading 91 points or 0.49% higher at 18,588 levels while the BSE Sensex gained 337 points or 0.5% to trade at 62,477 levels. Amid growing markets, here [...]
The shares of BGR Energy Systems Limited opened at a 15 per cent high on Tuesday at Rs 77.40 as against its previous close of Rs 67.45. Till the afternoon it had further gained 5 per cent and was locked in an upper circuit of 20 per cent at Rs 80.90 levels. The stock rallied [...]
The shares of Ambuja Cements gained marginally on Tuesday and were trading at Rs 587 levels. In the past five days, the stock has gained approximately 3 per cent during which it also reached its 52-week high of Rs 598. In the past six months, the stock has gained 62 per cent and on a [...]
Shareholders of Kirloskar Brothers Ltd have rejected a resolution for forensic audit of the affairs of the company by an external agency, according to a regulatory filing on Monday. On December 8, an extraordinary general meeting of the company's shareholders was convened following requisition by Kirloskar Industries Ltd (KIL) along with Atul Kirloskar and Rahul [...]
Som Distilleries and Breweries Ltd. approved a proposal to set up a new canning facility and expand its existing utilities at Bhopal with an investment of ₹ 100 crores. The board will fund the expansion plan with the help of funds raised through a rights issue. In addition, it will also raise funds through the [...]
According to a Bloomberg report, India has produced more 10-baggers than the other global markets during the past twenty years. 10-baggers are those stocks whose prices rise 10 times over a decade. For example, if an investor would have invested ₹ 1 lakh in these shares, the value of their holdings would have become more [...]
Benchmark equity indices were trading in red on Monday afternoon, amid weak global cues. The Nifty hovered near the 18,430 mark, down 0.33%. Similarly, the Sensex was at 61950 points, down 0.36%. Oil & gas, metal, and media shares witnessed buying demand, while IT, consumer durables and healthcare stocks saw selling pressure. Meanwhile, foreign brokerage [...]
GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022 is being investigated by the tax officers, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to a question in the Lok Sabha, the minister said the Enforcement Directorate has attached proceeds of crime [...]
Tata Group-owned Air India is close to finalising a deal with US aircraft maker Boeing for 50 narrow-body Boeing 737 MAX planes for its international budget arm Air India Express, according to sources. The sources familiar with the development said the deal will be part of a large aircraft order that Air India has been [...]
