Penny stock can be categorized as the class of stocks whose price ranges anywhere between Rs 1 to Rs 50 and has a market capitalization of less than Rs 200 crore in India. These stocks are illiquid in nature as the trading volume is generally less and thus have a higher risk. Despite this, most [...]
Edelweiss Financial Services Limited has received the shareholders’ approval for the proposed demerger of its Wealth Management business. As per the scheme, a new company will be formed and listed as Nuvama Wealth Management Limited (NWML). The newly formed NWML will allot 1,05 Crore equity shares of the face value of Rs 10 each to [...]
Friday marked one month of the Hindenburg report that led to a massive wipe-out of more than ₹ 12 lakh crores in the market capitalization of the Adani Group. Following the report, the Adani Group lost its alpha seat on the Indian stock exchanges as many of its shares hit back-to-back lower circuits. Hindenburg Research [...]
Axis Bank Limited, the fourth-largest private bank in India in terms of market capitalization, informed the exchanges that the deal to acquire Citibank India’s consumer business and NBFC (non-banking financial company) business of Citicorp is expected to be completed by March 1st, 2023. As per the deal, the customers, employees, and assets of Citibank will [...]
The Shares of Lloyds Metals And Energy Limited have delivered 9,500% in just seven years, as the share price has risen from Rs 2.91 in July 2015 to the current level of Rs 278 on the NSE. Lloyds Metals & Energy, incorporated in the year 1977, is in the business of manufacturing of Sponge Iron, [...]
Market barometers BSE Sensex and NSE Nifty 50 opened with minor gains on Monday. Financial and FMCG shares led the headline indices higher while metal and mining shares traded with losses. The Sensex started the week at 61112.84 points and closed at 59,463.93 points, while the Nifty started the week at 17965.55 points and settled [...]
Domestic benchmark indices opened in the green on Friday’s trading session. The BSE Sensex advanced 202.46 points or 0.34% to 59,808.26 and NSE Nifty 50 surged 57.25 points or 0.33% to 17,568.50. However, they slipped into the red by the afternoon. In the past five days, the indices have lost approximately 2.60%. Credit ratings help [...]
Knowledge Marine & Engineering Works remained in focus on Friday after the company got an extension of one of its existing contracts. The stock was trading at Rs 1,000 levels till the afternoon. Syama Prasad Mookerjee Port, Kolkata, has extended the existing contract of Indian Ports Dredging Private Limited, a subsidiary company of Knowledge Marine [...]
Olectra Greentech Limited, a subsidiary of Megha Engineering and Infrastructures Ltd, saw its shares open 6 percent higher at Rs 428 levels on Friday as against its previous close of Rs 402. It further gained 11 percent till 11:30 am and was trading at Rs 472 levels. The company, in association with technology partner Reliance, [...]
The shares of Sanofi India appreciated to the tune of 5% on Monday’s early trades to reach an intraday high of ₹ 5626.50 apiece after the company reported its results and declared a dividend of ₹ 377 per share. Its shares were trading at ₹ 5559.90 apiece at 11:42 AM. The board of directors of [...]
