In Thursday’s trading session, the shares of a pharmaceutical company engaged in the manufacturing and trading of medicines surged 11.1 percent to Rs. 90 on NSE, after announcing the completion of the construction of a new plant in Madhya Pradesh. With a market capitalisation of Rs. 147.6 crores, at 10:35 a.m., the shares of Zenith [...]
The shares of this public sector enterprise gained up to 8 percent after the company’s board scheduled a meeting to consider and approve the proposal for fundraising up to Rs 4,500 crore. Indian Renewable Energy Development Agency Ltd has a market capitalization of Rs 69,236.82 crore, the shares were trading at Rs 259.30 per share, [...]
The solar pump market in India is experiencing significant growth, driven by government initiatives and increasing demand for sustainable agricultural practices. The Indian government has set ambitious targets under the PM KUSUM scheme, aiming to install millions of solar-powered pumps to enhance irrigation and reduce dependency on conventional power sources. Listed below is one such [...]
Moats significantly enhance a company's competitive advantage by providing long-term protection against competitors. They create barriers that make it difficult for rivals to replicate the company's success, whether through unique products, strong brand recognition, or network effects. This durability allows companies to maintain profitability and market share, ensuring sustained growth and attractiveness to investors. Here [...]
Public Sector Undertakings (PSU) banks in India are government-owned banks where the majority stake is held by the Ministry of Finance. These banks play a significant role in the country's financial sector. The Net Interest Margin is one of the metrics that signifies the profitability, efficiency, and performance of a bank by measuring and comparing [...]
Fundamentally strong stocks are those of companies that have a solid financial foundation and are well-positioned for long-term growth, regardless of short-term market fluctuations. Some key characteristics of fundamentally strong stocks include strong earnings and revenue growth, healthy balance sheets, robust profitability metrics, competitive advantages and more. Following are a few fundamentally strong stocks that [...]
The Foreign and Defence ministers of India and Japan met on Tuesday, August 20, 2024, for expedited talks on defence technology transfers between the two countries and to reaffirm the importance of multilateral defence cooperation and exchanges in the Indo-Pacific sea region following Chinese assertiveness in regional seas. Prime Minister Narendra Modi, with Japan’s foreign [...]
Shares of a pioneer and leading manufacturer in steel tubes and pipes surged by 1.07 percent on BSE to hit an intraday high at Rs. 11.25 in the trading session of Wednesday. With a market capitalisation of Rs. 1,667.7 crores, the shares of Rama Steel Tubes Limited closed in the green at Rs. 11.18, up [...]
In Wednesday’s trading session, the shares of a company engaged in the business of retail and institutional broking fell 7.8 percent to Rs. 783.05 on BSE, following NCLT Mumbai’s approval of the delisting proposal despite the opposition of shareholders. With a market capitalisation of Rs. 25,788.7 crores, at 03:02 p.m., the shares of ICICI Securities [...]
IT engaged in the business of providing global technology services and solutions jumped upto 6 percent in the day’s trade following a stake sale in its subsidiary to strengthen its semiconductor business. Price Action With a market capitalization of Rs. 22,244 Crores, the shares of Cyient Limited were trading at Rs. 2,005.40 per equity share, [...]
