Stocks/Share Market - Angel One

India’s premier electricity exchange, the Indian Energy Exchange (IEX), set new benchmarks in July 2024, with a total volume (including certificates) surging to an unprecedented 13,250 Million Units (MU), marking a substantial 56% year-on-year growth. The core electricity market volume also witnessed robust growth, climbing 29% to 10,093 MU. Notably, the green electricity segment experienced …

Shares of Cera Sanitaryware Ltd. experienced a slight uptick on Monday, August 5th, gaining just over a percent. This increase came in response to the company’s announcement that its board has approved a buyback of its equity shares.  Buyback Details Cera Sanitaryware plans to buy back up to 1.08 lakh equity shares, which constitutes 0.83% …

Orissa Bengal Carrier Limited (OBCL), a player in the transportation and logistics industry, has recently secured a significant contract with Vedanta Limited. This new deal exemplifies OBCL’s continued growth and its capacity to handle large-scale transportation projects. In this blog, we will delve into the details of the contract, OBCL’s comprehensive services, and the company’s …

Amara Raja Energy & Mobility (ARE&M) announced robust financial results for the first quarter ended June 30, 2024. The company reported a 23% year-on-year increase in profit before tax to ₹328.66 crore, translating to an Earnings Per Share (EPS) of ₹13.36. Revenue from operations surged to ₹3,131.19 crore, a 13% growth compared to the same …

Affle (India) Limited, a global technology company, reported robust financial results for the first quarter ended June 30, 2024. Consolidated revenue surged 27.8% year-on-year to ₹519.5 crore, driven by the CPCU business’s stellar performance. EBITDA climbed 34% to ₹104.7 crore, with margins expanding to 20.1%. Profit after tax (PAT) increased by 30.8% to ₹86.6 crore, …

Texmaco Rail & Engineering Ltd, a Kolkata-based engineering company, announced on Saturday that it has secured significant orders worth ₹243 crore from the Mumbai Railway Vikas Corporation (MRVC). These orders are for power supply projects along two key railway routes in Maharashtra. Specifically, the projects involve upgrading the power infrastructure for the 3rd and 4th …

Kuantum Papers Limited has reported its financial results for the quarter ending June 2024. The company achieved an impressive ₹2,807 million in income from operations, ₹382 million in net profit, and ₹716 million in EBITDA. Despite facing pricing pressures in the market, Kuantum Papers maintained a healthy EBITDA margin of 25.51%, demonstrating its operational resilience. …

On August 03, 2024, the State Bank of India announced its financial results for the quarter that ended June 30, 2024. The bank reported a net profit of ₹17,035 crore for Q1FY25, marking a 0.89% year-on-year increase. The operating profit for the quarter rose by 4.55% year-on-year to ₹26,449 crore. The bank’s Return on Assets …

Kesar India Limited has informed the stock exchanges about the incorporation of a wholly owned subsidiary named Kesar Green Power Private Limited (KGPPL) in Nagpur, Maharashtra, on August 2, 2024. This strategic move marks Kesar India Limited’s entry into the Electric Power Transmission sector, further diversifying its business operations. Kesar Green Power Private Limited has …

Shares of Bharat Forge Ltd. experienced a notable decline of about 5% in Monday’s trade, following the latest data release on Class 8 Truck orders in North America. This marks the sharpest single-day fall for the stock since June 04, 2024, raising concerns among investors and market analysts. Class 8 Truck Orders Hit 15-Month Low …