Shares of HEG Limited opened its trading hour at Rs 1,190.20 and currently trades at Rs 1,182, slipping nearly 6.5 percent as compared to the previous closing price of Rs 1,260.90. The company has a market capitalization of Rs 4,556 crores. Yesterday, the company announced financial results for Q4 as well as for FY22-23. Details [...]
The Piotroski score is a discrete score between zero and nine, that is used to determine the strength of a company’s financial position. It considers parameters such as profitability, liquidity, operating efficiency, cash flows, and debt situation. The score is used to screen stocks and find value stocks. One point is awarded for every parameter [...]
Shares of Nacl Industries Ltd. surged 18% on Tuesday to reach an intraday high of ₹ 102.00 apiece from the previous close price of ₹ 86.55. One of the probable reasons for the stock price to surge today is the company's recent announcement of strong Q4 FY 22-23 earnings. The company's net profit for the [...]
Bringing back demonetisation memories, the Reserve Bank of India (RBI) withdrew ₹ 2,000 notes from circulation, in line with its Clean Note Policy. People can exchange or deposit them in their bank accounts by September 30, 2023, however, they will continue to remain a legal tender. "On a net basis, it is likely that deposits [...]
Small-cap stocks represent the market's most numerous firms. In fact, small-cap companies dominate large- and mid-cap stocks combined. Small-cap stocks offer distinct risks and benefits for investors compared to their bigger counterparts due to their size. As a result, small-cap stocks may have higher-than-average volatility, which is just another way of saying that they undergo [...]
A consortium led by Tata Consultancy Services (TCS), the flagship company of the Tata Group, received an advance purchase order (APO) worth over ₹ 15,000 crores from Bharat Sanchar Nigam Ltd. (BSNL), a public sector undertaking for the deployment of a 4G network across India. The TCS-led consortium includes Tata Group’s telecom gear-making company Tejas [...]
Shares of Adani Group companies were in the green after a report by a six-member committee appointed by the Supreme Court stated on Friday, May 19, 2023, that it cannot conclude any regulatory failure around the Adani Group- Hindenburg case. According to the report, there was no regulatory failure in the Adani Hindenburg case in [...]
Shares of ELGI Equipments Ltd escalated 13.09% to reach an intraday high of ₹ 534.00 apiece on the National Stock Exchange (NSE), after the company reported its result for the quarter and year ended March 31, 2023. At 11:55 AM, its shares were trading 12.92% higher at ₹ 533.20 apiece. Elgi Equipments along with its [...]
Domestic benchmark Indices opened in the green on Monday. The thirty-share BSE Sensex opened at 62,157.10 points, up 130.01 points, while the fifty-share NSE Nifty 50 opened at 18,339.30 points, up 24.5 points. On Friday, the indices ended volatile session higher, breaking a three day losing streak, led by IT and financial shares. However, they [...]
Data shows that mutual funds scooped up shares of several blue chip stocks. Investors closely follow the investments that mutual funds and other domestic and foreign institutions make as they can steer the markets to the green or to the red. While it is good to keep an eye on the flow of institutional money, [...]
