The Indian auto components industry contributes 7.5% to GDP and employs 32 million people. Turnover reached $74.1 billion in FY 2023-24, up from $69.7 billion. With exports making up 25% of production, the sector is expected to grow to $200 billion by 2026, positioning India as a global sourcing hub. With a market capitalization of [...]
Specialty chemical stock engaged in the trading of textile printing inks and water-based wood coating polymers hit a 10 percent upper circuit in the day’s trade after India Equity Fund 1 purchased 1.06 equity shares of the firm. Price Action With a market capitalization of Rs. 117 Crores, the shares of Silkflex Polymers (India) Limited [...]
Shares of this water management stock jumped around 4 percent to Rs.1,424.6 per share after Axis securities set a target price indicating potential upside growth. Price Movement In Thursday’s trading session, Va Tech Wabag's share price surged 3.9 percent, reaching an intraday high of Rs.1,424.6 per share from its previous close of Rs.1,370.65 apiece. The [...]
During Thursday’s trading session, the shares of a company operating in the branded apparel, beauty and footwear space, surged 2.1 percent to Rs. 596.25 on BSE, after Goldman Sachs, ICICI Prudential Life Insurance and others bought stakes in the company. With a market capitalisation of Rs. 7,648.4 crores, at 02:28 pm., the shares of Arvind [...]
Ashish Kacholia, better known for his investing strategies and absence in the media, is one of the renowned Indian stock market investors. He started his career with Prime Securities and later joined Edelweiss where he used to handle the equity research desk. Finally, he incorporated his broking firm, Lucky Securities, where he’s building his portfolio. [...]
Pharma stock engaged in dealing pharmaceutical ingredients, formulations, surgical products, and many more jumped upto 10 percent in the day’s trade after Black Rock Financials Services Pvt Limited bought shares of the company. Price Action With a market capitalization of Rs. 222 Crores, the shares of Vaishali Pharma Limited opened at Rs. 200.50 and made [...]
Shares of the food and beverage giant, a partner of PepsiCo, surged over 6 percent to an intraday high of Rs.665.65 per share on the first day of trading after a 2:5 stock split. Share Price Variation In Thursday’s trading session, Varun Beverages Ltd.'s share price reached an intraday high of Rs.665.65, reflecting a 6.06 [...]
The shares of one of the largest specialized Engineering, procurement, and Construction (EPC) companies with operations across the world, in focus upon receiving new work orders worth Rs. 2,774 Crores. Price Action With a market capitalization of Rs. 22,176 Crores, the shares of Kalpataru Projects International Limited opened at Rs. 1,355.50 and made an intraday [...]
During Thursday’s trading session, the shares of India’s only publicly listed diversified gaming, esports and sports media company surged 5.5 percent to Rs. 1,019 on BSE, after the company announced acquiring a 15.86 percent stake in a leading esports community platform in India, GetStan Technologies Pte. Ltd. (STAN). With a market capitalisation of Rs. 7,648.4 [...]
For the next two years, the Government of India has approved a new EV Subsidy Scheme named PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) worth Rs. 10,900 Crores, for the promotion of electric vehicles (EV) in India. As per sources, the EV subsidy scheme will support 24.79 lakh electric two-wheelers, 3.16 lakh [...]
