The Indian Railways received a gross budgetary support of Rs. 2.52 lakh crore, which reflects an increase of 5 percent from the previous year. This funding is aimed at enhancing the railway infrastructure and services. The total capital expenditure (capex) for the railways was set at Rs. 2.62 lakh crore, marking an 11.1 percent rise [...]
The plastic goods sector in India contributes significantly to the economy, with a value of around USD 43.68 billion in 2023. It is expected to expand at a compound annual growth rate (CAGR) of 6.6% to about USD 68.33 billion by 2030, owing to increased demand across various sectors. Supreme Industries Ltd has a market [...]
Investing in mid-capitalization stocks with consistently rising net profit margins provides the potential for growth and a balanced risk-return profile, while also offering opportunities to discover undervalued companies and diversification benefits. Mid-caps with robust financials and high profitability are more resilient and potentially more rewarding than their broader mid-cap peers. Here are a few Mid-cap [...]
Shares of this small-cap stock engaged in manufacturing and selling power transmission and material handling surged by over 3 percent after FIIs consistently increased their stake. Share Price Movement During Wednesday's trading session, Elecon Engineering Company Limited's share price opened at Rs.615.6 per share and later reached an intra-day high at Rs.636 apiece, marking a [...]
A fundamentally strong stock trading at a discount presents an opportunity for investors to acquire quality assets below their intrinsic value. This occurs when market prices don't fully reflect a company's robust financial health, growth potential, or competitive advantages, offering the potential for significant long-term gains as the market corrects itself. Here are the Fundamentally [...]
India's power sector is among the largest and most varied in the world, with an installed capacity of around 442.85 GW (GigaWatt) as of April 2024. This capacity is sourced from coal, natural gas, hydro, nuclear, and renewable energies. Among all the major power-producing states, Maharashtra is recognized as the largest producer and consumer of [...]
The shares of this microcap company surged by around 9 percent in Wednesday’s trading session after receiving an order worth Rs. 10 crores from Coal India for the General Exploration of coal. In just one month the stock has delivered around a 40 percent return to its shareholders. Price Movement: With a market capitalization of [...]
During Wednesday’s trading session, the shares of India’s leading health benefits administrator gained 13 percent to a new 52-week high of Rs. 689.35 on BSE, after Morgan Stanley, Goldman Sachs, HDFC Mutual Fund (MF), ICICI MF and others, bought stakes in the company through a bulk/block deal worth a total of nearly Rs. 611.1 crores. [...]
The shares of this smallcap company jumped around 6 percent in Wednesday’s trading session after International brokerage Investec initiated coverage with a "buy" rating. The stock has delivered more than 100 percent on a YTD basis. Price Movement: With a market capitalization of Rs. 9,465 crores, the shares of Azad Engineering Ltd started Wednesday’s trading [...]
The Defence Acquisition Council (DAC) approved major procurement projects worth Rs 1.44 lakh crore for the Armed Forces and also granted acceptance of Necessity (AoN) for 10 capital acquisition proposals. DAC is one of the highest authorities for approving major capital purchases from the armed forces. Additionally, these approved projects include Future Ready Combat Vehicles [...]
