Penny Stock engaged in financial consultancy and fintech services surged 4 percent after the company signed a Memorandum of Understanding (MOU) with Whizzy Logistic Technologies Pvt Ltd for planning and development of software. Share Price Variation In Friday’s trading session, the share price of GACM Technologies Ltd reached an intra-day high of Rs.1.2 per share [...]
Shares of a leading FMCG firm climbed nearly 7% on Friday, reaching an intraday high of ₹4,424 per share after cigarette volumes grew by 26.2% in Q1 FY25. At 12:50 p.m., Godfrey Phillips India Ltd shares were trading at ₹4,412.40 per share, up 6.87 percent from the previous close price on the exchange. The company [...]
Miniratna Defence stock engaged in shipbuilding, ship servicing/repair, marine engineering, and many more jumped 8 percent in the day’s trade upon posting its Q1FY25 results with a 40 percent jump in Net Profits. Price Action With a market capitalization of Rs. 63,180 Crores, the shares of Cochin Shipyard Limited were trading at Rs. 2,390 per [...]
The shares of the agrochemical company hit 20 percent at Rs 12,809 apiece after the company's net profit and revenue increased by 514 percent and 9 percent YoY, respectively in Q1FY25. With a Market capitalization of Rs 5,322 crore, the shares of Bharat Rasayan Ltd were trading at Rs 12,809 per share, increasing around 19.94 [...]
The shares of India's largest zinc oxide manufacturer rose 16% reaching a 52-week high price of ₹344.70 per share on Friday, following the company’s announcement of a 307% increase in net profit for the June quarter. At 12:15 p.m., J.G.Chemicals Ltd shares were trading at ₹327.85 per share, up 10.37 percent from the previous close [...]
The shares of this pharma company rose nearly 2 percent after reporting a remarkable increase of 478 percent in net profits year-on-year. Share Price Variation In Friday’s trading session, the share price of Biocon Ltd reached an intra-day high of Rs.344 per share from its previous close of Rs.339.2 apiece, gaining around 2 percent in [...]
Semiconductor stock engaged in offering product engineering, application software, electronic design, testing, and enterprise business services in focus upon declaring its Q1FY25 results and declaring a bonus issue of 1:4. Price Action With a market capitalization of Rs. 1,057 Crores, the shares of Mindteck (India) Limited were trading at Rs. 415.90 per equity share, down [...]
The Navratna stock surged nearly 12% during the first half of Friday's trading session, hitting an intraday high of ₹188.50 per share after the company secured a ₹15,000 crore order from the Srinagar Development Authority. At 11:10 a.m., NBCC (India) Ltd. shares were trading at ₹187.25 per share, up 10.86% from the previous close price. [...]
In Friday's trading session, the shares of a leading pioneer in Solar Photovoltaic (PV) Module manufacturing in India surged by 10 percent to hit a new 52-week high at Rs. 1,919.1, after the Board of the company approved the issue of bonus shares in 1:4 ratio. At 10:23 a.m., the shares of Solex Energy Limited [...]
There can be several reasons behind promoters decreasing their holding in the companies including capitalising on high valuations, raising funds for other purposes, meeting regulatory requirements, strategic realignment, debt reduction and many more. Overall, the impact of promoter stake sales depends on the specific circumstances, reasons for selling, and how the proceeds are utilised. It's [...]
