Stocks/Share Market - Angel One

Adani Enterprises Limited (AEL), a prominent Indian conglomerate, announced a strategic expansion within its infrastructure sector through its joint venture company, AdaniConneX Private Limited (ACX). A filing submitted to the stock exchanges confirmed the completion of ACX’s acquisition of a 100% stake in Terravista Developers Private Limited (TDPL). Acquisition Rationale and Future Plans The primary …

The Indian equity market is reeling under selling pressure with NSE Nifty 50 and BSE Sensex trading down by over 0.50% on Wednesday. The sell-off was led by banking stocks and Reliance Industries. Meanwhile, the broader market indices were relatively outperforming the frontline indices with Nifty Midcap 100 down by 0.09% and Smallcap 100 up …

On May 29, 2024, Power Mech Projects Limited informed in an exchange filing that the company secured its first construction project in the critical nuclear power sector. The company has secured a substantial contract worth ₹563.23 crore from BHEL – Power Sector Southern Region. The contract involves Civil, Structural, and Architectural works for the Turbine …

Salzer Electronics Limited, a capital goods engineering company providing comprehensive and tailored electrical solutions, released its audited financial outcomes for the fourth quarter and fiscal year ending on March 31, 2024. Salzer Electronics Limited has performed robustly across critical metrics. The company witnessed a significant year-over-year growth of over 12% in consolidated revenues, primarily fueled …

Titan Company Ltd, a prominent player in the Indian market for watches and jewelry, is making a strategic foray into the fragrance industry. The company has announced plans to achieve Rs.500 crore in fragrance sales and build a larger customer base by FY27. This move marks a significant expansion of Titan’s portfolio and highlights its …

Grasim Industries Limited is an Indian manufacturing company based in Mumbai. The company has a market capitalization of about 1.65 Lakh crores and it was incepted in 1947 as a textile manufacturer and is a part of the Aditya Birla Group. The Birla Group, the promoter of Grasim has increased its shareholding in the company …

Wipro Limited, a leading global information technology services and consulting company, announced a significant expansion of its strategic partnership with Close Brothers, a leading UK merchant banking group. This builds upon Wipro’s successful selection as Close Brothers’ IT services partner in July 2023. Accelerating Digital Transformation Under the expanded agreement, Wipro will be pivotal in …

On May 29, 2024, Suzlon Energy informed the stock exchanges that it had received a fresh order from the Aditya Birla Group, a prominent global Indian conglomerate, for a 551.25 MW wind power project. Suzlon will install 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, each with a rated capacity of …

On May 29, 2024, Nuvama Wealth Management Limited, a prominent wealth management firm in India, disclosed its financial outcomes and business achievements for the quarter and fiscal year ending March 31, 2024. Consolidated Performance The consolidated performance of Nuvama Wealth Management Limited indicates significant growth in various key metrics. In Q4 FY 2024, revenues reached …

Jubilant Pharmova Limited has announced that its subsidiary, Jubilant Biosys Limited, has approved an investment proposal. On May 28, 2024, Jubilant Biosys decided to invest in Isharays Energy Two Private Limited, a subsidiary of SunSource Energy Private Limited. This investment involves acquiring up to a 14.75% stake in Isharays Energy and includes agreements for power …