Commercial services company Sarthak Industries Ltd has announced a bonus issue in the ratio of 1:3. Its shares closed at ₹ 176.55 apiece on Wednesday on the Bombay Stock Exchange (BSE). It has given multibagger returns of 2867.23% in the past five years. Sarthak Industries Ltd is a small-cap company that manufactures and repairs LPG [...]
The shares of Power Mech Projects Ltd surged to a record high of ₹ 2398.00 apiece on the BSE during early trades on Wednesday. The stock has outperformed the benchmark index this year (YTD) and has given multibagger returns. Power Mech Projects is an engineering and construction company providing integrated services in the erection, testing [...]
The Reserve Bank of India, on Wednesday, hiked the repo rate by 35 basis points, in line with expectations. As a result, investors cheered and banking stocks gained momentum. While notable gains were seen in private banks, PSU banks were big winners. In the meanwhile, Morgan Stanley has raised earnings estimates and valuation multiples for [...]
Dynacons Systems & Solutions has won a contract from the Union Bank of India for creating and implementing private cloud solutions for the bank. The project is worth Rs 116 crore and will last for a period of 5 years. The bank has placed an order for the supply, installation, configuration, implementation, and maintenance of [...]
Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotives of 9000 HP (horsepower) worth over ₹20,000 crores at Dahod in Gujarat. Its share price surged 6.67% to reach an intraday high of 2948.00 apiece on the National Stock Exchange (NSE). PTI reported that the estimated cost of [...]
Domestic benchmark indices extended gains into the third straight day as global markets bounced back. BSE Sensex surged 787 points, or 1.3% to end at 60,747, while broader NSE Nifty 50 shut shop at 18,011, up 225 points or 1.26%. Amid the soaring markets, here are two stocks that have reached their 52-week high: Dabur [...]
The shares of Larsen & Toubro Limited opened at Rs 2,097 and gained more than 2 per cent to reach a 52-week high of Rs 2,144 in the early hours of Wednesday. In the past month, the shares have gained 5 per cent. The stocks of the construction giant gained after they announced that their [...]
The rupee depreciated 25 paise to 82.75 against the US dollar in early trade on Wednesday, tracking muted domestic equities ahead of the Reserve Bank of India's monetary policy decision. Forex traders said dollar demand in the overseas market and foreign fund outflows weighed on investor sentiments. At the interbank foreign exchange, the domestic unit [...]
The shares of BCL Industries Ltd shed 2 per cent and closed at Rs 377 on Tuesday. However, in the span of a month the stock has gained 14 per cent. BCL Industries Ltd Limited, part of Mittal group, is in the edible oil and distillery business in India. The company sells its products under the [...]
The central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections, the World Bank said in its India Development Update on Tuesday. High nominal GDP growth in the first quarter supported strong growth in revenue collection, [...]
The shares of Shriram Transport Finance Company gained more than 2 percent on Tuesday at Rs 1,321 levels. In the past six months, the shares have gained approximately 12 percent. Recently the company, which is India’s largest financier of commercial vehicles merged with its other group company Shriram City Union Finance which is the largest [...]
The shares of Bajaj Consumer Care started the week on a strong note. On Monday, the shares gained as much as 3 per cent. The rally continued on Tuesday as it was trading 4 per cent higher at Rs 180 levels till the afternoon. Trading volumes on the counter jumped over three-fold with a combined [...]
The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control by carriers amid rising fuel prices, according to industry body IATA. In June, the International Air Transport Association (IATA) projected the industry loss at USD 9.7 billion. In October [...]
The promoter entity of TVS Motor Company on Monday offloaded 25.69 lakh shares of the firm for ₹ 262 crores via open market transactions. As a result, its shares lost 3% by Monday’s closing bell. They were trading at ₹ 1015.00 apiece at 12:52 PM on Tuesday. According to the bulk deal data available on [...]
Sugar stocks surged in the early hours of Tuesday after reports surfaced that the companies are likely to see a fall in production in the coming months. The marketing year for sugar companies is from October to September of the year. The reports suggest that sugar production is likely to see a drop of as [...]
The shares of TCNS clothing appreciated to the tune of 9.55 % on Tuesday to reach an intraday high of ₹ 623.70 apiece. This happened after Aditya Birla Fashion (ABF) became the frontrunner to acquire a promoter stake in the company. Once everything is said and done, this might become one of the largest acquisitions [...]
About staking cryptocurrency: the interest earned by paying your coins for using proof of stack protocol in blockchain to confirm the transaction processes across the crypto network. It is a process by which several blocks can be verified and are getting added to the blockchain. If you cannot purchase an entire Bitcoin, buying a single [...]
The taxation and surcharges are a burden for any person that has a source of income and is trying to save out of his penny. Being a powerful source of income, cryptocurrencies are also levied with a high rate of taxation and amounts. Every investor now or then keeps finding ways through which he can [...]
Bitcoin is declared as the secure and strongest cryptocurrency but limits are endless and similarly, bitcoin also could be much stronger. The question is which thing will make bitcoin security stronger. The answer is Mimblewimble. In the cryptocurrency industry, one thing which creates a bond between cryptocurrency and its value is its blockchain technology. Blockchain [...]
Among the fundamental strategies which have grown to be famous in the crypto area since 2017 is crypto Airdrop, which is used to advertise a specific project as well as to increase awareness. They're usually utilized as a marketing strategy to offer tokens to current crypto traders. If you are interested in bitcoin trading and [...]
