Stocks/Share Market - Angel One

REC Limited, a leading public-sector NBFC under the Ministry of Power in India, has secured a significant nod of approval. The Reserve Bank of India (RBI) granted REC a ‘No Objection Certificate’ to establish a wholly-owned subsidiary at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar, Gujarat. This move signifies REC’s strategic expansion into GIFT …

The domestic indices displayed resilience, thanks to robust gains in information technology and banking sector stocks. However, broader indices faced heavy selling pressure, particularly affecting lending companies like Power Finance Corporation Ltd, REC Ltd, IREDA Ltd following the RBI’s tightening of rules for lending. At 10:55 am, the BSE Sensex surged 0.39% reaching a level …

The benchmark index S&P BSE 500 opened today at 33,242.19 and made its day high at 33,244.57, and it is trading in red today, down by more than 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Rainbow Children’s Medicare …

On Monday, the benchmark indices were trading in the green with the Sensex up around 260 points or 0.35% at 74,137, while the Nifty-50 was up around 24 points or 0.13% at 22,507. About 1,209 shares have advanced; 2,384 declined and 206 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …

IndusInd International Holdings Limited(IIHL), is the promoter of India’s fifth largest private sector lender, IndusInd Bank and is also the group which got a nod from NCLT for the buyout of Reliance Capital under the insolvency code. The Mauritius-based holding company also holds a 60% stake in Invesco mutual funds. The group is now aiming …

Ujjivan SFB Undergoes Leadership Change The Reserve Bank of India (RBI) recently made waves by allowing eligible Small Finance Banks (SFBs) to apply for universal banking status. Amidst this development, Ujjivan Small Finance Bank (SFB) caught the market’s attention by announcing the appointment of Mr. Sanjeev Nautiyal as its new Managing Director and Chief Executive …

Godrej Properties aims to launch residential projects worth ₹30,000 crore in FY 2025, across major cities in India to attain a 20% growth in sales bookings amid robust demand. The Executive Chairman of Godrej Properties Limited, Pirojsha Godrej, said, “We have given a sales bookings guidance of ₹27,000 crore for the current fiscal, a 20% …

On May 4, 2024, EPACK Durable Limited informed the stock exchanges about the ongoing merger of EPACK Components Private Limited (ECPL), the company’s Wholly-Owned Subsidiary, into EPACK Durable Limited. The transferor company i.e., EPACK Components Private Limited, is involved in the manufacturing of copper tubing parts, sheet metal parts, spare parts for electronic appliances, and …

Sun Pharmaceutical Industries Limited (Sun Pharma) announced a strategic move to bolster its presence in Africa on May 04, 2024. The company entered into an agreement to acquire 100% of the shares of Valstar S.A. (Valstar), which will also indirectly grant Sun Pharma complete ownership of Valstar’s subsidiary, Kemipharm S.A. (Kemipharm). Expanding Manufacturing Capabilities This …

Craftsman Automation Limited, a manufacturer of machined powertrain components, notified the market of significant business development on May 04, 2024. Coimbatore-headquartered Craftsman Automation Limited signed a definitive agreement to acquire the remaining 24% stake in DR Axion India Private Limited (DRAIPL). The acquisition is subject to the terms and conditions mentioned in the agreement. Craftsman …