Stocks/Share Market - Angel One

Krsnaa Diagnostics, India’s leading diagnostics services provider, has formed a groundbreaking alliance with Medikabazaar, the country’s largest B2B healthcare procurement platform, and United Imaging, a global leader in advanced imaging technologies. This partnership, backed by a substantial investment of over ₹300 crore, aims to establish a network of 30+ state-of-the-art imaging centres primarily in Tier-2 …

Tata Power Company Limited has signed a landmark Memorandum of Understanding (MoU) with the Government of Rajasthan during the Rising Rajasthan Investor Meet in New Delhi.  The MoU outlines an ambitious investment plan of ~₹1.2 lakh crore over the next 10 years to help transform Rajasthan into a power-surplus state. The investment will focus on …

Kalpataru Projects International Limited (KPIL) has announced the acquisition of new orders and notifications of awards totalling ₹1,241 crore.  These orders span across the Transmission & Distribution (T&D) business in both domestic and international markets, as well as residential and commercial building projects in India. This recent success highlights KPIL’s robust business momentum and strengthens …

Piramal Pharma Solutions (PPS), a part of Piramal Pharma Ltd, has announced an $80 million investment plan to expand its Lexington, Kentucky facility.  The company stated that this site specialises in sterile compounding, liquid filling, and lyophilisation for sterile injectable drug products, playing a crucial role in the company’s integrated antibody-drug conjugate (ADC) development and …

Shakti Pumps Soars on Bonus Issue Announcement Shakti Pumps (India) Ltd (SPIL), a leading manufacturer of solar pumps, submersible pumps, booster pumps, and other components for solar setups, saw its shares hit a 5% upper circuit limit today. This strong movement came even as the broader market faced significant pressure, with the Sensex and Nifty …

Indian Oil Corporation Cancels Rights Issue: A Major Move for OMCs Indian Oil Corporation Ltd. (IOC), one of India’s largest oil marketing companies, has decided to withdraw its proposed rights issue worth Rs 22,000 crore. The rights issue, initially approved on July 7, 2023, was contingent on receiving necessary statutory approvals. However, recent developments have …

Bonus shares are extra shares given to existing shareholders for free, based on how many shares they already own. Companies usually do this to share profits or reserves with shareholders, showing their financial strength and growth potential.  For example, in a 1:1 bonus issue, shareholders get one extra share for each share they own. So, …

In the power industry, Reliance Infrastructure Limited is well-known, having a sizable portfolio of power generation projects all over India. The business is also interested in developing infrastructure, such as highways, bridges, and metro rail projects. Reliance Infrastructure also engages in construction, concentrating on projects involving residential and commercial real estate.Through its entry into the …

L&T Expands Its Digital Energy Solutions: Major Wins in South India and the United States Larsen & Toubro Limited (L&T) continues to lead innovation in the energy sector with significant strides in its Digital Energy Solutions (DES) business. Recently, L&T DES secured mandates to implement advanced energy management systems in South India and expand its …

Ola Electric Shares Dip Below Rs 100 Mark Shares of Ola Electric Mobility Ltd. witnessed a decline on Monday, marking the ninth drop in the last eleven trading sessions. This dip took the stock below the significant Rs 100 level, which is the first time since its public listing in August. As of now, Ola …