Stocks/Share Market - Angel One

On September 16, 2024, Firstsource Solutions Limited, a top global provider of specialised business process services and part of the RP-Sanjiv Goenka Group, announced a new partnership with Microsoft. This collaboration aims to bring advanced digital transformation services to clients around the world. By leveraging Microsoft Azure’s OpenAI Service, Firstsource plans to boost its service …

The Veefin Group of Companies has continued its aggressive expansion, announcing the acquisition of end-to-end digital lending platform EpikIndifi in a cash and equity swap deal valued at approximately ₹125 crore. This marks the third acquisition for Veefin Group in FY 24-25 as it seeks to become a comprehensive working capital finance platform. With the …

On September 16, 2024, Carborundum Universal Limited (CUMI) signed a Share Purchase Agreement to acquire a 100% stake in Silicon Carbide Products, Inc. (SCP), USA, for an enterprise value of USD 6.66 million (around INR 56 crore).  To facilitate this acquisition, CUMI will set up a wholly-owned subsidiary in the USA, which will act as …

Strides Pharma Science has announced a significant milestone with the USFDA approval of its Fluoxetine Tabs 60 mg. This achievement bolsters the company’s position in the US market, where Fluoxetine holds a substantial market share of approximately $130 million. As a therapeutically equivalent alternative to the reference listed drug, Strides’ Fluoxetine Tabs offer a high-quality, …

Founded in 1992, Globus Spirits Limited is mainly involved in the production and commercialization of bulk alcohol hand sanitizer, franchise bottling, Indian-made foreign liquor (IMFL), and Indian-made Indian liquor (IMIL). It features a special 360° model that encompasses the whole value chain of alcohol. In India, it is the first to establish a grain distillery …

On September 16, 2024, Thomas Cook (India) Limited announced via a stock exchange filing that it has expanded its presence by opening a new branch in New Town, Kolkata, aiming to tap into the city’s growing market and its surrounding areas, including Action Area 1, 2, 3, and Rajarhat.  This new location brings the company’s …

Shares of Tata Motors Ltd. fell by more than 2% on Tuesday, September 17, after a significant block deal saw 1.9 crore shares, representing 0.4% of the company’s equity, change hands. The shares were traded at an average price of Rs 970. Although the identity of the buyers and sellers in the transaction remains undisclosed, …

Introduction The Nifty50 index isn’t the only one making headlines; the Nifty Smallcap 100 index also marked an all-time high on Monday. Amidst this rally, a small-cap stock that’s catching investors’ eyes is Rhetan TMT Ltd. This stock has surged about 28% in the last week alone and boasts a year-to-date gain of 65.50%. The …

Sandur Manganese & Iron Ores Limited (SMIORE), established in 1954, is part of the Karnataka-based Sandur Group. It mines low-phosphorus manganese and iron ore in the Hosapete-Ballari region and produces ferro-alloys like silico-manganese and ferro-manganese, as well as coke at its plant near Hospet. SMIORE is the third-largest manganese ore miner in India. The company …

Route Mobile Limited, a prominent global player in cloud communication services, announced on September 13, 2024, a significant milestone in its corporate journey. Its promoter entity, Proximus Opal S.A., successfully divested a substantial 6.03% stake in the company through an Offer for Sale (OFS) conducted on September 12 and 13. This strategic move, coupled with …