Market Updates - Angel One

ABB India has expanded its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. The new line will produce drives ranging from 75 kW to up to 250 kW and will cater to all major industrial segments. ABB’s variable speed drives are used to control the speed …

On Friday, shares of Polycab India surged more than 5% to record a new 52-week high of Rs 3399 apiece on BSE. The scrip witnessed massive spurt in volume by more than 3.05 times.   In Q4 FY23, the company’s revenue amounted to Rs 432.37 crore, showing a YoY increase of 9%. The EBITDA for Q4 …

Indian benchmark indices have recovered smartly from the lower levels with Nifty trading above 18,300 mark. Amidst recovery from the lower levels, there are some stocks which have hit fresh record high on the bourses and one such stock is Mold-Tek Technologies Ltd.   Mold-Tek Technologies is engaged in providing Civil & Mechanical Engineering Services. The …

Indices witnessed selling pressure from Thursday’s high and today also they are trading with volatile moves. Somehow, they recovered more than 80 points sharply from day’s low. The Capital Goods sector outperformed the benchmark index and one stock from the same sector is now near to its multi year technical breakout level.   The stock is …

For the fourth quarter that concluded on March 31, 2023, the company’s consolidated net profit increased from Rs 113.45 crore for the same quarter the previous year to Rs 427.40 crore, 276% rise in profit. The company’s overall revenue in Q4FY23 increased from Rs 5,615.49 crore in the same period the previous year to Rs …

On Thursday, all eyes were on the newest listed stock on the bourses i.e., Mankind Pharma as it continues to make headlines. The unpredictability of its movements had investors both thrilled and nervous, as they eagerly await the next twist in its story.    It was a rollercoaster of a day for investors of Mankind …

Balu Forge Ltd has recently announced its quarterly and annual results for the year ended March 31, 2023. In terms of the quarterly results (Q4FY23), the company witnessed significant growth across various metrics. The revenue from operations amounted to Rs 123.78 crore, indicating a substantial increase of 50.42% quarter-on-quarter (QoQ). The Profit Before Depreciation and …

The Issue of HDFC Weightage HDFC and HDFC Bank have been in the news for some time now in relation to  their merger into HDFC Bank which is slated to take place in June-July. However, the deal that was expected to bring about financial prosperity seems to be having a hiccup this week. The Morgan …

What can be viewed as a 21st century ‘gold rush’, multiple dips in the stock market in the last few years have caused investors to run towards gold as a safe investment avenue again and again. Be it the 2020 covid crash, the Russian invasion of Ukraine or the recent collapse of the Silicon Valley …

MCX has launched natural gas mini futures contracts. These will be available for trading from March 14, 2023. Initially, contracts expiring in April and May will be available for trading. Going forward, contracts for the subsequent months with 3 months expiry will become available on the exchange.   The minis will be available for 250 MMBtu …