The shares of India's leading and largest integrated multi-national transport infrastructure developer in the roads sector rose 6.5 percent to a 52-week high of Rs 40.95 per share after the business reported a 20 percent rise in toll collection year on year in November. At 11:35 a.m., IRB Infrastructure Developers Ltd shares were trading at [...]
FII inflow in November month was $1.08 Billion or Rs 9,001 crore: Here are three sectors that saw huge inflow Foreign portfolio investors (FPIs) turned net buyers in the Indian stock market in November after two consecutive months of selling. Total FII inflow in calendar year 2023 now stands at $12.8 billion. Domestic benchmark indices [...]
To determine how much a company's projected growth, earnings generated per share (EPS), and stock price are traded off, a valuation metric known as the "PEG ratio" is used. The P/E ratio used in the calculation can be projected or trailing, and the annual growth rate can be the growth rate expected for the next [...]
Fundamentally strong Engineering stock which is India’s largest and globally renowned manufacturer of electrical sheet laminations, motor cores, sub-assemblies, die-cast rotors, and machined components, gets a ‘Buy’ tag on it from Axis Direct, with an upside potential of 28 percent from its previous close price. Pitti Engineering Limited Pitti Engineering Limited is India’s largest and [...]
Shares of this apparel stock under the ‘small-cap’ category jumped around 6 percent in Thursday’s trading session after Bank of America Securities Europe SA bought approximately 12.63 lakh equity shares of the company. With a market capitalization of Rs 2,179.74 crores, the stocks of Cantabil Retail India Limited closed at Rs 267 on Thursday, gaining [...]
Multibagger stock engaged in the manufacturing and trading of innovative light-emitting diode jumped 5 percent in the day’s trade after it unveiled a new outdoor technology for lighting that gives it a distinct competitive advantage over others. In the day’s closing on December 7, 2023, the shares of Focus Lighting and Fixtures Limited closed at [...]
The shares of this cement manufacturing company jumped around 2 percent in Thursday’s trading session after a well-known investment bank bought a stake in the company. In six months, the shares have delivered multibagger returns of 153 percent to its shareholders. With a market capitalisation of Rs. 4,842 crores, the shares of Kesoram Industries Ltd [...]
‘Undervalued’ is a financial term that is generally referred to a security that is selling for a price presumed to be below the investment's ‘true intrinsic value’. Listed below are three such undervalued stocks under the ‘small-cap’ category that portrayed a net profit CAGR of up to 60 percent over three years: Gujarat Ambuja Exports [...]
Finance Minister Nirmala Sitharaman has submitted to Parliament, a request for permission to spend an extra ₹58,000 crore in cash in FY24 through the Supplementary Demands for Grants. According to the breakdown of the net cash outgo, the government has requested ₹7,020 crores for food subsidies and ₹13,350 crores for fertilizer subsidies in cash for [...]
Two stocks under the ‘large-cap’ category fell up to 3 percent after Warburg Pincus, a US-based Private Equity (PE) Firm, has likely sold its stake in the companies via Block Deals. The stocks of Bharti Airtel Limited closed in the red on Thursday at Rs 1,000, slipping around 2.50 percent as compared to the previous [...]
