The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi, with the primary purpose of investing funds on behalf of the government of Abu Dhabi to generate long-term financial returns and ensure economic stability for the emirate. As of Q1FY25 Abu Dhabi Investment Authority publicly holds ~24 [...]
The Benchmark Indices concluded Wednesday's trading session positively, with the Sensex rising by 874.94 points, or nearly 1.11 percent, ending the day at 79,468.01. Meanwhile, the Nifty 50 index increased by about 304.95 points, equivalent to a gain of nearly 1.27 percent, and closed in the green at 24,297.5. Over the previous five trading sessions, [...]
The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share. A high P/E ratio may suggest that a stock is overvalued, with investors paying more for each unit of earnings growth. Conversely, a lower P/E ratio compared to market averages or industry peers is generally considered advantageous, as it indicates [...]
The shares of this smallcap company surged around 11 percent in Wednesday’s trading session after announcing robust results and bonus shares in the ratio of 1:4. Price Movement: With a market capitalization of Rs. 3,121 crores, the shares of Saksoft Ltd started Wednesday’s trading session on a higher note at Rs. 278.95 compared to its [...]
In Wednesday’s trading session, the shares of a company engaged in various manufacturing activities in the poultry industry hit a 20% upper circuit at Rs. 2,191.4, after reporting financial results for Q1 FY24-25 with a rise in the net profit of 124.5 percent QoQ as well as 287.6 percent YoY. The shares of Venky's (India) [...]
Textile stock engaged in the business of offering casual, comfortable and stylish wardrobe solutions for multiple occasions jumped 17 percent in the day’s trade upon posting robust Q1FY25 results Price Action With a market capitalization of Rs. 1,212 Crores, the shares of Credo Brands Marketing Limited were trading at Rs. 187.15 per equity share, up [...]
The shares of this smallcap company locked a 10 percent upper circuit after receiving 1.2 MW Solar Energy Storage and Grid-Connected Systems orders from the Rural Development Department and UPNEDA. Price Movemnet: With a market capitalization of Rs. 2,791 crores, the shares of Servotech Power Systems Ltd started Wednesday’s trading session on a flatter note [...]
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. [...]
The earnings season for the June 2024 quarter (Q1 FY24-25) for IT companies started in mid-July 2024, where margins saw slight improvement due to cost optimisation and high utilisation levels. Following are the two Information Technology (IT) stocks that have seen notable increases in their share prices after announcing robust financial results for Q1 FY24-25: [...]
The shares of this pharmaceutical company gained up to 6 percent after the company's net profit and revenue increased by 119 percent and 13 percent QoQ, respectively in Q1FY25, With a market capitalization of Rs 91,169.05 crore, the shares of Lupin Ltd were trading at Rs 1,999.25 per share, increasing around 5 percent as compared [...]
