Rail Vikas Nigam Ltd. (RVNL) emerged as the lowest bidder for the manufacturing and maintenance of Vande Bharat trains. Following the announcement, the company’s share price zoomed 15.38% to reach an intraday high of ₹ 67.50 apiece. Its shares closed at ₹ 65.70, up 12.31% on the National Stock Exchange (NSE). This project includes the [...]
Kiri Industries, who is engaged in a stake valuation case with Dystar, a leading dyestuff & chemical manufacturer and solution provider, came with an update about the same today. The judgment regarding the same case will be heard on the 3rd of March, 2023. On the news, the company’s stock opened today at Rs 277, [...]
Automotive Stampings and Assemblies Ltd, a Tata group company, saw its shares open at Rs 296.85 levels and gain as much as 10 percent to reach an intraday high of Rs 325.95 levels till the afternoon. Automotive Stampings and Assemblies Limited (ASAL), is a subsidiary of Tata Autocomp Systems Limited. The company manufactures and supplies [...]
Many retail investors closely track the holdings of ace investors like Dolly Khanna. The main idea behind this strategy is to look at their buying and selling activity and learn from their strategies. These stocks are then added to their watchlists for further analysis. Dolly Khanna is a Chennai-based investor who started her investment journey [...]
With a market capitalization of ₹ 27,352 crores, Biocon is a mid-cap company in the pharmaceutical sector. It is India’s largest fully-integrated, innovation-led biopharmaceutical company that is driven by a passion to develop research-driven, cutting-edge therapies. According to the bulk deal data available on the National Stock Exchange (NSE), Integrated Core Strategies (Asia) Pte. has [...]
The Indian Government, on 27th of February, 2023, approved NHPC’s Hydropower project, the largest ever for the country, with an estimated investment of around 32,000 crores. The project is estimated to take around nine years to build. The 2,880 MW ‘Dibang’ project will be carrying out all its building processes in Arunachal Pradesh, bordered by [...]
After falling for eight consecutive sessions, the domestic indices reversed the downtrend and ended the first session of March broadly in the green. The NSE Nifty 50 surged 146.95 points or 0.85% to end at 17,450.90 levels and the BSE Sensex settled 448.96 points or 0.76% higher at 59,411.08 levels. Here are 3 stocks that [...]
Smart money or money invested by institutional investors has found a way to a few small-cap stocks. Data shows that both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have consistently increased their stake in the following small-cap stocks: Tata Coffee Ltd. The Tata Group company is engaged in the production, trading and distribution [...]
Bharat Electronics Ltd. (BEL) a Navratna PSU company announced that it has signed a Frame Supply Agreement with Thales Reliance Defence Systems (TRDS), Nagpur, for the manufacture and supply of TR Modules, Radar LRUs (Line Replaceable Units) and Micro Modules. TRDS was incorporated in June 2017 under the Indian Companies Act, 2013. It is a [...]
In the latest budget, the government had a focus on the Indian textile industry and announced an allocation of more than Rs 4,000 Crore towards the sector. Recently, the Apparel Export Promotion Council (AEPC) made a statement and said that India’s merchandise exports will reach US$1 Trillion by 2030, owing to this contribution to the [...]
