Shares of defence equipment manufacturers and shipbuilders were on fire on Friday’s early trades. They appreciated to the tune of 9% after the Ministry of Defence on Thursday signed multiple contracts worth over ₹ 35,000 crores with both state-owned and private companies. Some of the top gainers were Bharat Electronics (up 7.54%), Bharat Dynamics (Up [...]
Reliance Industries Ltd (RIL) shares jumped around 4 percent today and currently trades at a price of Rs 2,323. After some bearish sessions and hitting its 52-week low figures, finally, the stock witnessed an up movement of around 6.5 percent from those levels. One of the probable reasons for such a movement in the company’s [...]
Market barometers BSE Sensex and NSE Nifty opened higher on Friday, defying global trends, led by gains in financial and IT shares. At 12:08 PM, the Sensex was at 58673.63 points, up 1.23% and the Nifty was at 17,279.35 points, up 1.16%. Broader markets too extended the rally. In the meanwhile, here are a few [...]
Investing in growth stocks has recently gained traction in the Indian markets. Growth stocks are those stocks that are expected to grow at a rate significantly above the average growth rate for the market. They expand faster than their counterparts in terms of sales and profits. Generally, these stocks do not pay dividends as they [...]
Anil Agarwal led Vedanta Ltd’s shares closed 2.84% higher at ₹ 282.05 apiece on the National Stock Exchange (NSE) on Thursday after the company’s board declared a dividend. The company in an exchange filing mentioned that its board has approved the fifth interim dividend of ₹ 20.50 per share, i.e., 2050% on the face value [...]
The Union Power Ministry said on Tuesday that 11 companies including the green power arms of Reliance Industries, Tata Power company and JSW Energy are among the winners for setting up of solar photovoltaic (PV) module manufacturing capacities under Tranche II of the government’s production-linked incentive (PLI) scheme. The Solar Energy Corporation of India (SECI) [...]
Safari Industries Ltd, Ashish Kacholia-owned stock, opened its trading session today at Rs 1,981.55 and closed at Rs 2,008. Within a time span of six months, the stock has gained around 22 percent. Moving ahead with a horizon of a year, the stock has provided Multibagger returns of about 106 percent to its stakeholders ranging [...]
On Tuesday, the bulk deals section on the NSE provided an update with respect to the ace investor, Mr. Porinju Veliyath, owned company ‘Equity Intelligence India’ buying around 6.1 lakh equity shares in the Hospital chain ‘Shalby Ltd’. The average price for the above deal was fixed to be Rs 117 per share. The company’s [...]
Private lender South Indian Bank’s share price plunged the most in two years after its managing director and Chief Executive Officer (CEO) Murali Ramakrishnan opted out of reappointment. At 11:34 AM the shares of South Indian Bank were trading 14.20% lower at ₹ 14.20 apiece. However, the shares cracked as much as 16.92% on Wednesday’s [...]
Polyplex Corporation Limited opened its trading hour today at Rs 1,128.95 and is currently trading at a price of Rs 1,144. The stock hit its 52-week low figures yesterday at Rs 1,101. The scrip is up approximately 2 percent as compared to the previous closing price of Rs 1,122. The stock is around 60 percent [...]
