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Analysing small cap companies with significant net block increase and debt reduction

Analysing small cap companies with significant net block increase and debt reduction

13 June 2024

Companies with Significant Net Block Increase Name CMP (Rs) Market Cap (Rs crore) Net block (Rs crore) Net block 3Years back (Rs crore) Net block increase (%) Debt (Rs crore) Debt 3Years back (Rs crore) Debt reduction (%) Ideaforge Tech 685 2937.65 114.43 0 – 14.49 65.2 -77.78% GKW 2400 1432.81 2556.57 16 15878.56% 0.03 …

Share Market Pre Open Updates – June 13, 2024

Share Market Pre Open Updates – June 13, 2024

13 June 2024

On June 12, 2024, the Nifty 50 rose 0.25% and closed at 23,322, and the Sensex dropped 0.20%, closing at 76,606.  Top Gainers and Losers On the sectoral front, Nifty Media, Nifty Media, Nifty PSU Bank, Nifty Mid Small Healthcare, and Nifty Oil and Gas ended in the green. Meanwhile, Nifty FMCG, Nifty Auto, and …

Tata Communications Partners with World Athletics

Tata Communications Partners with World Athletics

12 June 2024

On June 12, 2024, Tata Communications unveiled a 5-year agreement to provide global host broadcasting services for the World Athletics Series. Beginning in 2025, Tata Communications will serve as a pivotal strategic partner for World Athletics, aiming to enhance innovation and elevate audience engagement to unprecedented levels. The partnership begins amidst a significant year for …

Gujarat Fluorochemicals Announced Acquisition Of GFCL EV

Gujarat Fluorochemicals Announced Acquisition Of GFCL EV

12 June 2024

On June 12, 2024, Gujarat Fluorochemicals Limited informed the exchanges that GFCL EV Products Limited, a wholly-owned subsidiary of Gujarat Fluorochemicals Limited, established its wholly-owned subsidiary in the Sultanate of Oman, named GFCL EV (FZC) SPC on June 11, 2024. The industry in which the established entity GFCL EV operates is developing a new project …

Brigade Group Launches Brigade Icon Residences on Chennai’s Historic Mount Road

Brigade Group Launches Brigade Icon Residences on Chennai’s Historic Mount Road

12 June 2024

On June 12, 2024, Brigade Group, a leading real estate developer, announced the launch of Brigade Icon Residences, a luxurious mixed-use development on Chennai’s historic Mount Road. To expand its presence, the company plans to invest over ₹8,000 crore in Chennai by 2030, over 15 million sq ft. The residential projects alone are expected to …

Kirloskar Brothers Ltd Shares Reach Rs 2000 Mark for the First Time

Kirloskar Brothers Ltd Shares Reach Rs 2000 Mark for the First Time

12 June 2024

On June 12, 2024, shares of Kirloskar Brothers Ltd (KBL) achieved a significant milestone by touching the Rs 2000 mark for the first time. The journey to this milestone has been swift, especially in the past year. On May 11, 2023, KBL shares crossed the Rs 500 mark, taking 4,788 days to reach this point. …

Union Bank of India Approves Rs 10,000 Cr Capital Raising Plan

Union Bank of India Approves Rs 10,000 Cr Capital Raising Plan

12 June 2024

Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers. After the merging with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020, the merged entity became one of the largest PSU banks in terms of branch …

Bharti Airtel Converts Rs 417 Cr Worth of Foreign Debt Bonds to Equity

Bharti Airtel Converts Rs 417 Cr Worth of Foreign Debt Bonds to Equity

12 June 2024

In January 2020 Bharti Airtel raised $1,000 Million through foreign currency convertible bonds which were convertible into the company’s fully paid-up equity shares of Rs.5 each at any time on or after February 27, 2020, and up to February 7, 2025. On 11 June 2024, Bharti Airtel announced that it had converted $49.87 Million worth …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 13

Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 13

12 June 2024

On Wednesday, the market hit a record high intraday but ended off its highs. The market cap of BSE-listed companies reached a record Rs 429 lakh crore ($5.14 trillion), with an increase of more than Rs 2 lakh crore. The Sensex gained 0.2% to close at 76,696.57, while the Nifty rose by 0.25% to close …

Top 3 stocks trading below Rs 100

Top 3 stocks trading below Rs 100

12 June 2024

During Wednesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Asian Granito India Ltd Asian Granito India Ltd showed strong performance today with its stock price reaching a high of Rs 72.4 before settling at Rs 72, marking a 15.24% increase from the …

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