Stocks/Share Market - Angel One

On July 02, 2024, Confidence Petroleum India Limited announced that it had acquired 99.99% of Punjab Petroleum Corporation Limited’s (PPCL) equity share capital. This acquisition involves 22,50,000 equity shares with a face value of ₹10 each. As a result, from July 1, 2024, Punjab Petroleum Corporation Limited has become a subsidiary of Confidence Petroleum India …

On July 02, 2024, MOIL announced via a stock exchange filing that it had achieved its highest-ever quarterly sales in April-June 2024, marking a significant 14.5% year-on-year growth. This performance was supported by record quarterly production of 4.70 lakh tonnes, a 7.8% increase from the previous year. Additionally, the company intensified exploration efforts, conducting exploratory …

HCL Technologies, a prominent global IT services firm, ranks among India’s top five by revenue. Since its IPO in 1999, HCL Tech has excelled in transformational outsourcing, offering a comprehensive array of services: software-led IT solutions, remote infrastructure management, engineering R&D, and BPO. Leveraging a vast offshore infrastructure and a presence in 46 countries, the …

Allcargo Gati Ltd, an express logistics company has secured Rs.169.28 crore through a Qualified Institutional Placement (QIP). This capital injection will strengthen the company’s financial health and drive expansion across different business segments. The shares of Allcargo Gati Ltd. dropped by around 10% yesterday, approaching the 52-week low of Rs.90. The stock has fallen in …

The Indian mining and mineral sector is experiencing robust growth, driven by increased demand for key commodities such as coal and iron ore. Investors looking to capitalise on this trend can gain valuable insights by examining the financial performance of top companies in the sector. This analysis covers seven prominent companies, focusing on their P/E …

Tyre Sector in India The Indian tyre industry stands as one of the leading global manufacturers, offering a range of products from conventional radial and bias tyres to advanced variants such as smart, puncture-proof, and noise-reduction tyres. The industry is expanding its footprint in premium and luxury tyre segments, previously dominated by imports. With the …

Understanding PE Ratio Gaps Analysing the price-to-earnings (PE) ratio gap between the current PE and the historical 10-year average PE offers insights into whether a stock is undervalued or overvalued. A current PE lower than the historical average indicates undervaluation, suggesting potential for PE multiple expansion, while a higher current PE suggests overvaluation, indicating possible …

The Nifty Healthcare Index has significantly outperformed the Nifty50 benchmark, delivering 46% returns in the past year and 18% returns year-to-date, compared to Nifty50’s 28.8% returns over the past year and 10.8% returns year-to-date. Among the notable performers in the healthcare sector, five stocks have shown positive growth across various financial metrics. These stocks are …

Overview of the Agreement JSW Tuticorin Multipurpose Terminal Private Limited, a subsidiary of JSW Infrastructure Limited, entered into a concession agreement with V.O. Chidambaranar Port Authority in Tamil Nadu. This agreement is for the development and mechanization of North Cargo Berth-III (NCB-III) to handle dry bulk cargo. The project will be executed on a Design, …

On July 2, 2024, the Nifty 50 and Sensex indices experienced slight declines of 0.07% and 0.04%, closing at 24,123 and 79,441, respectively. Analysts noted some volatility in the market despite both indices touching their all-time highs. Top Gainers and Losers Nifty IT, Nifty Media, Nifty Realty, and Nifty Oil & Gas showed gains. Meanwhile, …