Stocks/Share Market - Angel One

On September 19, 2024, Uno Minda Limited, a leading global supplier of automotive systems, announced that it is expanding its operations in Indonesia and India. Its subsidiary, PT Minda Asean Automotive (PTMA), has received new orders for long tail lamps for passenger cars from Indonesian OEMs.  To handle this increased demand, Uno Minda will build …

Penny stocks are low-priced shares of companies with low market capitalisation, and they are mostly illiquid. Penny stocks are known for their high volatility and can experience significant price swings in a short time. There is also not much reliable information about these stocks available publicly. Penny stocks are said to have the potential to …

Historically, the Indian automobile industry has been a good indicator of the economy’s performance, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 23,58,041 units in April 2024.  The Indian passenger car market was valued at US$32.70 billion …

Over the past year, Wockhardt’s investigational drug Zaynich™ (a combination of Zidebactam and Cefepime) has successfully treated more than 35 critically ill patients in India and the US who were suffering from severe drug-resistant infections through compassionate use. The drug has once again proven effective in managing complex and severe infections. One recent case involved …

DCX Systems Lands Major Export Order and Achieves Strategic Licensing Milestone DCX Systems Limited, a leading player in the defense manufacturing sector, has announced two key developments that underscore its growing influence in the global defense industry. The company recently received an export order from ELTA Systems Ltd., Israel, valued at $18.5 million (approx. INR …

With a reputation for producing top-notch, cutting-edge ships, Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has a long and illustrious history spanning over 130 years. The shipyard, which has built a variety of vessels for the Indian Navy and Coast Guard, including frigates, corvettes, patrol boats, and offshore patrol vessels, has been instrumental in enhancing …

Macrotech Developers, also known as Lodha, has made a name for itself as one of India’s top real estate developers, renowned for its creative designs and superior construction. The company has established a reputation for delivering projects that meet the highest standards of excellence and is well-represented in important cities throughout the nation. It has …

GE T&D India Ltd’s two promoter entities, Grid Equipments Private Ltd and GE Grid Alliance BV, have decided to sell an 11.7% equity stake through an Offer for Sale(OFS). The offer is open to non-retail investors today,  19 September 2024 and to retail investors, on 20 September 2024. A floor price of Rs.1,400 has been …

Ion Exchange (India) Ltd has landed a major contract from Adani Power Ltd, valued at Rs.161.19 crore. This contract will have the water treatment and environment management company working on two 800 MW units at Adani’s Raipur and Raigarh Ultra Super Power Projects. What’s the Contract About? Ion Exchange will offer complete water and environmental …

Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary, signed a Share Subscription and Shareholders Agreement (SSSHA) on September 18, 2024, to acquire a 26% stake in Solsolis Solar Energy Solutions Private Limited.  This acquisition involves 30,24,000 equity shares worth ₹3.02 crore, which will be completed in multiple stages. The investment aims to secure solar power …