Stocks/Share Market - Angel One

On October 7, 2024, Indian Energy Exchange Limited (IEX) announced its power market update for September 2024.  In September 2024, IEX achieved a total monthly trading volume of 11,370 Million Units (MU), marking a significant 24% year-on-year (YoY) growth. The electricity volume, including green electricity, reached 10,332 MU, showing a 21% increase compared to the …

Allied Blenders and Distillers Limited (ABDL) announced that India Ratings & Research (Ind-Ra) has upgraded the company’s credit rating for its bank loans. The rating has improved from ‘IND BBB+’ to ‘IND A-’ with a Positive Outlook. This upgrade highlights the significant enhancement in ABDL’s financial profile, following the successful completion of its initial public …

Hindustan Copper Limited (HCL) has officially resumed operations at its Surda Mine, a significant step forward in India’s copper production and local economic development.  The resumption ceremony was inaugurated by Shri Satish Chandra Dubey, Hon’ble Minister of State for Coal and Mines, Government of India, in the presence of key dignitaries including Shri Ramdas Soren, …

Dr Reddy’s Laboratories has announced the incorporation of a new wholly-owned subsidiary, “Dr. Reddy’s Denmark ApS,” in Denmark on October 4, 2024.  This new entity is a step-down wholly-owned subsidiary of Dr Reddy’s Laboratories SA, Switzerland, which is itself a wholly-owned subsidiary of the Company. The authorised share capital of the new subsidiary is DKK …

Bharti Airtel, one of India’s top telecom providers, announced that it has successfully completed the deployment of additional spectrum it acquired in July 2024.  This includes an extra 5 MHz in the 2100 band and 3.8 MHz in the 900 band, strengthening Airtel’s 5G/4G network capacity. As a result, customers will experience faster data speeds …

On October 5, 2024, CG Power and Industrial Solutions Limited (CG), a leading company in the electrical engineering sector and part of the Murugappa Group, announced that it has signed a deal to acquire the Radio Frequency (RF) components business from Renesas Electronics Corporation, a major provider of advanced semiconductor solutions.  The asset purchase agreement …

SAMHI’s Bold Move to Strengthen Market Share in Bengaluru SAMHI Hotels Limited has recently announced a significant strategic acquisition to expand its foothold in Bengaluru, one of India’s most dynamic commercial hubs. The company has completed the Share Purchase Agreement (SPA) for Innmar Tourism and Hotels Private Limited (ITHPL), adding a 142-room operating hotel in …

The NSE benchmark index, Nifty50, experienced a significant setback this week, snapping its three-week winning streak by recording its steepest weekly decline in over two years. The index plunged by over 4%, driven by escalating tensions in the Middle East, which caused a sharp spike in crude oil prices. Another key factor behind the decline …

In the past few years, the alcoholic beverages industry in India has witnessed exceptional growth. This growth was fueled by numerous factors, including rapid urbanisation, evolving consumer preferences, a youthful demographic, a burgeoning middle class with increased purchasing power, and a rising inclination towards premium alcoholic beverages. In this article, check out the best liquor …

Garden Reach Shipbuilders shares rose following the announcement of two significant orders on October 4, 2024.  The company received letters of acceptance for contracts to design, build, operate, and maintain hybrid electric ferries under the West Bengal government’s WBIWTLSD Project, Transport Department, Government of West Bengal.  As per the contract, the company will manufacture 13 …