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Cement stocks fall after Brokerage downgrades the stocks by up to 14%; Check the details

Cement stocks fall after Brokerage downgrades the stocks by up to 14%; Check the details

India is the world's second-largest cement producer, accounting for more than 8 percent of global installed capacity. The cement industry in India reached 3.64 billion tonnes in 2022 and is anticipated to reach 4.83 billion tonnes by 2028, with a CAGR of 4.94 percent during 2023 and 2028.  Analysts at Bernstein brokerage have downgraded three [...]
Bank stock falls up to 7.5% after disclosure about misappropriation of funds, cheating and forgery 

Bank stock falls up to 7.5% after disclosure about misappropriation of funds, cheating and forgery 

Shares of a small-cap payments bank plunged 7.5% on Thursday’s early trades to reach an intraday low of ₹ 305.50 apiece. This happened after the company made disclosure about the misappropriation of funds, cheating and forgery.  Fino Payments Bank is an Indian scheduled commercial bank, engaged in providing digital-based financial services. It offers savings accounts, [...]
Microcap stock jumps up to 10% after company inaugurated a new manufacturing facility 

Microcap stock jumps up to 10% after company inaugurated a new manufacturing facility 

The share of the leading manufacturer Pvc based products rose 10 percent on Thursday’s early trade after the company inaugurated its new manufacturing facility in Gujarat.  At 10:55 a.m., Kaka Industries Ltd shares were trading at Rs 186.60 apiece, up 3.09 percent from the previous close price and the company has a market capitalization of [...]
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