The shares of one of the leading auto component manufacturers, which is part of the Hero Group jumped 11 percent from the day’s low after it received a rectification order following which its tax demand order was reduced from Rs. 401 Crores to Rs. 0.69 Crores. At 11:05 a.m. the shares of Munjal Auto Industries [...]
In the Wednesday session, the large-cap share rose around 2 percent to an intraday high of Rs 3484.95 after the company announced that the Ministry of Corporate Affairs had approved the merger. According to the filing of Tube Investments of India Ltd, the Ministry of Corporate Affairs has approved the merger with its subsidiaries. Cellestial [...]
The shares of India's largest engineering and manufacturing enterprise in the energy and infrastructure sector gained around 5.5 percent to hit a 52-week high price of Rs 164.60 per share on Wednesday after the company received an order of Rs 2,956 crore from the Ministry of Defence. At 11:36 a.m., Bharat Heavy Electricals Ltd shares [...]
The shares of the electricity generation company jumped around 1 percent after receiving a Letter of Award (LOA) for the development of a 200 MW Firm and Dispatchable Renewable Energy Project with SJVN Limited. With a market capitalization of Rs. 87,137 crores, the shares of Tata Power Company Ltd started Wednesday’s trading session positively at [...]
Domestic institutional investors (DIIs) are generally referred to as Institutions/Groups of investors who choose to invest in securities as well as financial assets within the residing country. The investment decisions of DIIs are impacted by both, economic and political trends. Listed below are three multibagger stocks under the ‘mid-cap’ category wherein the DIIs hold more [...]
Radhakishan Shivkishan Damani is an Indian billionaire investor publicly holding a sum of 14 stocks with a net worth of over Rs. 1.74 lakh crores. Listed below is one stock in RK Damani’s portfolio that is trading at a discount of more than 35 percent from 52-week high: Aptech Limited With a market capitalization of [...]
Foreign Institutional Investors (FIIs) are those who actively participate in the financial markets of countries other than their own.FIIs aggregate money from various investors and other entities and then invest it in different financial assets. Whenever foreign investors like Goldman Sachs, Morgan Stanley, HSBC, and others buy or sell the shares of Indian companies, their [...]
Oil prices rose in Tuesday's trade, snapping a multi-session losing streak ahead of a crucial meeting of OPEC+. The rise was attributed to expectations of deeper and longer oil production cuts by OPEC+. Global benchmark Brent crude lower 91 cents, or 1.1%, at $79.67 a barrel by 12:17 GMT. US West Texas Intermediate (WTI) crude [...]
Famous Indian ethnic apparel brand which has a 5 percent market share with 54 stores all over south India gets a ‘Buy’ tag on it from HDFC Securities which is one of the leading and well-known investment banks, with an upside potential of 29 percent from its previous close price. Sai Silks (Kalamandir) Sai Silks [...]
The shares of this small-cap company gained up to 8 percent after the company announced the recovery of technology costs for the old platform from MCXCCL. With a market capitalization of Rs 15,960.96 Crores. Multi Commodity Exchange of India Ltd, On Tuesday, The shares closed at Rs 3,219.70 a share, an increase of 6.85 percent [...]
