Investors are drawn to companies with high dividend yields because they ensure tax-free income, and they buy in such stocks only for the dividend yield based on their investments. A company's dividend payments may be viewed as a sign of stability and perspective growth, which may draw investors and increase the value of the shares. Here [...]
The stocks of Asian Paints Limited, a market leader in the paint industry, have shown slight gains of 0.50 percent today trading at Rs 3,314 as compared to the previous closing levels of Rs 3,297.70. The shares, year-to-date, have gained around 9 percent ranging from Rs 3,047.25 in January 2023 to the current price levels. [...]
The automotive industry in India is the largest, accounting for around 2.3% of the Indian GDP. India being the third largest steel producer provides a cost advantage to the auto components manufacturers as steel is a major raw material for them. According to ACMA, overall automotive industry turnover would rise by 10-15% in FY24. The [...]
Shares of RattanIndia Power shot up 19.15 per cent on Monday’s early trades to reach an intraday high of ₹ 5.60 apiece after Kotak Mahindra Bank on Friday said that two of its arms have invested ₹ 732 crores in the company to help it reduce the cost of debt servicing. Additionally, the company has [...]
With a market capitalization of Rs 1,362 crores, the shares of Capacite Infraprojects Limited are trading at Rs 201, zooming 6.10 percent as compared to the previous close of Rs 189.10. In the last one month, the stock has jumped over 17 percent ranging from Rs 171.15 at the end of May to the current [...]
Cambridge Technology Enterprises Limited is a penny stock with a market capitalization of Rs 144 crore, Company shares gained 10 percent of Rs 74.80 in Monday's first half session. The stock jumped amid of acquisition. According to exchange filings, R.P Web Apps private limited, a provider of information technology and web-based solutions, will be acquired [...]
Shares of Shree Cement Ltd plunged 10% on Monday’s early trades to reach an intraday low of ₹ 22605.60 apiece amid reports about the company being under the scanner for alleged tax evasion to the tune of ₹ 23,000 crore. This is said to be the biggest tax evasion ever, to date. At 11:28 AM, [...]
The stocks of Sterling and Wilson Renewable Energy Limited (SWREL) are currently available for Rs 293. The scrip witnessed an intra-day high of Rs 313, gaining around 5 percent compared to the previous closing levels of Rs 298. The company has a market capitalization of Rs 5,532 crores. In the year 2022, the renewable energy [...]
With a market capitalization of Rs 340 crores, the stocks of Dev Information Technology Limited closed at Rs 155.50 today. In the last five trading sessions, the scrip has gained over 16 percent ranging from Rs 133.15 to the current levels prevailing in the market. The movements in the stocks were observed after the company, [...]
MM Forgings Ltd shares increased by 7 percent on Thursday, reaching an intraday high of Rs 927.95. The stock price skyrocketed when the company announced an investment in the EV business. As per the CNBC Report. The company entered the electric vehicle market through acquisition and consequently, the company is expected to start EV operations [...]
