Mundra Aluminium Limited (MAL), a wholly-owned subsidiary of Adani Enterprises has emerged as the “preferred bidder” for a bauxite block in Odisha. Following the announcement, the shares of Adani Enterprises appreciated to the tune of 15% to ₹ 1568.00 apiece against its previous close of ₹ 1363.85. According to an exchange filing, MAL had participated [...]
State-run insurance behemoth Life Insurance Corporation of India’s (LIC’s) shares closed at ₹ 581.00 apiece on the National Stock Exchange (NSE), merely 2.65% higher than the stock’s 52-week low of ₹ 265 apiece. The insurance behemoth made a tepid market debut on the bourses last year and its share price shows a downward trend ever [...]
High debt levels invite trouble for companies. The Adani-Hindenburg issue is a recent example of this. Business Tycoon Gautam Adani’s conglomerate suffered a steep fall in its companies’ share price after the US-based short-seller published a report accusing the conglomerate of engaging in “brazen stock manipulation and accounting fraud scheme over the course of decades.” [...]
Captain Pipes Limited, is a manufacturer and exporter of uPVC Column Pipes, uPVC Plumbing Pipes and fittings, CPVC Plumbing Pipes and fittings, Casing Pipes, and PVC Pressure Pipes. The board of directors of the company has announced a stock split in the ratio of 10:1. This means that One equity share of the face value [...]
The National Stock Exchange (NSE) withdrew the statement made, on the 23rd of February 2023, through a circular wherein the F&O contracts for the company were excluded from its operations. The withdrawal comes into play because of the interim relief provided by the National Company Law Appellate Tribunal (NCLAT). Moreover, the company, as of today, [...]
Domestic benchmark indices slipped for the eighth consecutive session on Tuesday, albeit marginally, logging their largest losing run in the past five months. This happened as a result of aggressive rate hikes by developed economies and amid a bearish trend in global markets. Foreign fund outflows and losses in IT, auto and oil stocks also [...]
Foseco India Ltd, a world leader in the supply of foundry consumables and solutions, saw its shares zoom as much as 11 percent in the early hours of Wednesday to reach a 5-year high of Rs 2,217.90. The scrip jumped after announcing its quarterly results and dividends. The company follows the January-December cycle for the [...]
With a market capitalization of ₹ 2,622 crores, Best Agrolife is a small-cap company in the agrochemical industry of India. It offers high-quality, innovative, effective crop protection and food safety solutions to farmers. Its products are well-researched, economically priced, and easily accessible in 30+ countries across the globe and Pan-India. The company got listed on [...]
Macrotech Developers Ltd, the largest real estate developer in India, showcased a hike of around 12% in its stock price on Monday as its shares ended at Rs 800 levels on Monday. Over a month period, the stock showed a downside of approximately 22.2%. During the last year, the stock has moved down from Rs [...]
Yes Bank’s shares have been under selling pressure, after they reached their 52-week high of ₹ 24.75 apiece on the National Stock Exchange (NSE) in December 2022. After ascending to their high, the shares of Yes Bank declined by 33.94% to their current level of ₹ 16.35 apiece. Meanwhile, Foreign Institutional Investors (FIIs) have increased [...]
