Stocks/Share Market - Angel One

On April 29, 2024, GRM Overseas Limited (GRM) informed the stock exchanges that the company had received its first order from the Ministry of Agricultural, Fisheries, Wealth & Water Resources, Sultanate of Oman. The order is to supply 4,500 Metric Tons (MT) of premium basmati rice. The order is worth ₹465 million. The Government companies …

On April 29, 2024, the leading credit rating agency in India, ICRA, announced in a stock exchange filing that the Securities and Exchange Board of India (SEBI) has granted its approval for the registration of Pragati Development Consulting Services Limited (PDCSL), a wholly-owned subsidiary of ICRA, as a Category-I ESG Rating Provider (ERP) under the …

On Monday, the stock market rebounded from Friday’s losses, driven by gains in financial stocks, with the Nifty Bank index reaching a record high and posting its largest increase in two months. The Sensex surged by 1.28% to close at 74,671.28, while the Nifty rose by 1% to close at 22,643.40. The top gaining sectors …

These three equities gained significantly with price and volume activity during Monday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. IDBI Bank Ltd Today, IDBI Bank witnessed significant trading activity with 31,317,368 shares exchanged. The stock is currently trading at Rs 91.7, having opened at a high of Rs 92.7. This price marks …

On April 29, 2024, CMS Info Systems Limited released the CMS Consumption Report 2024, titled ‘Unfolding India’s Consumption Story’. The report underscores compelling trends supporting the consumption boom in India and provides a sector- and state-level analysis of growth in domestic consumption. CMS highlights the country’s consumption trends and hotspots fueled by rising cash-based expenditures …

Patanjali, and its founders  Baba Ramdev and Acharya Balkrishna, are being held in contempt by the Supreme Court due to their advertisement of objectionable and misleading advertisements for their ayurvedic products. While experts of the advertising industry acknowledged that some level of exaggeration in advertising claims is typical, this strict action by the Supreme Court …

On April 29, 2024, Bharti Airtel informed in an exchange filing that the company had deployed additional sites in the Murshidabad district to densify its network. The company stated that the Murshidabad district network enhancement project was undertaken across 2,373 villages covering 64.19 lakh rural population. Customers in the tehsils of Domkal, Berhampore, Lalgola, Nabagram, …

Veranda Learning Solutions Ltd, a prominent listed company specialising in comprehensive educational solutions, recently announced a strategic move to bolster its financial foundation. On April 26, 2024, the company allotted 20 lakh new equity shares to its promoters upon the conversion of previously issued warrants. Key Details of the Warrant Conversion: Number of Warrants Converted: …

Dilip Buildcon Limited (DBL) recently emerged victorious in an arbitration case against the National Highways Authority of India (NHAI). The company announced this development in a filing dated April 29, 2024. Background The dispute centred around a highway construction project awarded to DBL through an Engineering, Procurement, and Construction (EPC) agreement dated February 16, 2018. …

Himadri Speciality Chemical Ltd plans to expand its speciality carbon black capacity in a brownfield expansion project in West Bengal, with an estimated investment of ₹220 crore. According to the company’s official, the expansion is expected to meet the rising demand from Europe. The expansion, located at Singur in the Hooghly district and scheduled to …