High promoters holding in a company generally indicates that the promoters have faith in the company and expect higher business growth in the future. This in turn builds a positive image of the company in the minds of investors and thus tends to attract more investments. Here are 4 stocks that have not only delivered [...]
After a massive loss in market capitalization, following the Hindenburg report, Adani group stocks seem to have recovered. Adani Enterprises closed 16.60% higher, while Adani Ports and SEZ settled 9.76% higher. Moreover, the other 5 listed companies of the group hit the 5% upper circuit mark on Friday. Company 1 day returns (%) 5 days returnAdani [...]
Solar module makers like Reliance Industries and Tata Power company were among the bidders for ₹ 19,500 Cr ($ 2.4 billion) in financial incentives that India is offering, to curb imports of panels from dominant producer China, and boost domestic manufacturing. A few other companies showing interest in the deal include US firm First Solar [...]
Shares of JSW Energy appreciated to the tune of 9.08% on Friday’s early trades after the management highlighted that the company has received a letter of acceptance for a 500 MW battery energy storage project in January 2023. Its shares were trading at ₹745.00 apiece, up 7.06% at 12:40 PM. The Power company said that [...]
UCO Bank shares opened today at Rs 26.30 and in a few trading hours it has gone up around 7 percent and currently trades at Rs 28. The stock jumped on speculation of privatization. As per reports, the shares of the bank skyrocketed due to a buzz with respect to privatization and would, thus, be [...]
The Domestic indices opened Friday’s session broadly higher. The NSE Nifty 50 climbed 110.60 points or 0.64% to start at 17,432.50 levels and BSE Sensex rose 349.05 points or 0.59% to 59,258.40. Meanwhile, the Bank Nifty surged 325.20 points or 0.81% to 40,715.00 levels and the Nifty PSU Bank index jumped 3.56% to 3,900.70. As [...]
The Piotroski score is a way to determine some of the best value stocks. It is a score between zero and nine and is used to determine the strength of a company’s financial position. It considers factors such as profitability, liquidity, operating efficiency, cash flows, and debt situation. A score of zero is the lowest, [...]
Vehicle maker Ashok Leyland’s total vehicle sales rose 27 per cent to 18,571 units in February against 14,657 units in the same period a year ago. In the commercial vehicle section, the domestic sales of M&HCV recorded a growth of 42% in February 2023, at 11767 units, as compared to 8280 units in February 2022. [...]
Shares of Olectra Greentech appreciated to the tune of 8.79% on Thursday’s intraday trades to reach an intraday high of ₹ 540.00 apiece. Its shares closed 5.36% higher at ₹ 522.95 apiece. According to an exchange filing, the company’s electric tipper received India’s first homologation certificate from the Indian automobile regulatory agencies. The tipper is [...]
Mahindra Lifespace Developers (MLDL) ended Thursday’s session 1.5 percent lower at Rs 364 levels. Over a horizon of 1 month and 6 months, the company has witnessed a fall of 2.10% and 2.8% respectively. On the contrary, if looked upon with a year of horizon, the company’s stock has observed an upside of around 26%. [...]
