Stocks/Share Market - Angel One

On November 14, 2024, SpiceJet announced it had fully resolved a longstanding $90.8 million (₹763 crore) dispute with Export Development Canada (EDC).  The airline settled the matter by paying a total of $22.5 million, achieving a substantial saving of $68.3 million (₹574 crore). This settlement marks a significant achievement for SpiceJet, removing a large liability …

Swiggy, India’s leading food delivery and quick-commerce giant, has made a remarkable debut on the stock market. On November 14, 2024, at 9:16 AM, Swiggy share price hit ₹488.05 on the Bombay Stock Exchange (BSE), briefly pushing its market capitalisation past ₹1 lakh crore. This surge marked the second consecutive day of gains after the …

Thomas Cook (India) Shares surged up to 7% on the BSE, reaching an intraday high of ₹204.90 per share, following the announcement of strong financial results for the Q2 FY 2024-25 (Q2FY25). Q2FY25 Financial Highlights Thomas Cook (India) reported a net profit of ₹71.9 crore for Q2FY25, marking a 39.6% growth compared to ₹51.5 crore …

Shares of Zaggle Prepaid Ocean Services rose by 5% on November 14, 2024, hitting an intraday high of ₹431.2 on the BSE. This demand followed the company’s announcement of a substantial 145% increase in profit for Q2 FY25 earnings, released after market hours on Wednesday. Stock Performance By 11:14 AM, Zaggle Prepaid shares were trading …

Multibase India Ltd.: A Leader in Thermoplastic and Silicone-Based Solutions Multibase India Ltd., a manufacturing powerhouse in thermoplastic elastomers and silicone-based products, serves a vast array of industries, including automotive, building, and construction. Collaborating with over 1,000 customers and offering more than 20 specialized products, the company exports to markets worldwide, cementing its role as …

Scaling Operations: Expanding Capacity and Product Range Piccadily Agro’s expansion plan involves a significant capacity boost at its Indri distillery. The existing capacity will be enhanced to 250 KLPD, with ethanol production reaching 220 KLPD and malt production scaling up to 30 KLPD. This increase in production will allow Piccadily to meet the growing domestic …

Godrej Industries Ltd has made it to the headlines with its Q2FY25 performance, as its consolidated net profit soared 197% year-on-year to Rs.488.86 crore, compared to Rs.164.5 crore in the same quarter last year. This is the second straight quarter where the company’s bottom line has seen over twofold growth. Revenue Growth Across Segments The …

PI Industries reported a 6% year-on-year (YoY) rise in consolidated net profit for Q2FY25, reaching Rs.508.2 crore, up from Rs.480.5 crore in the same quarter last year. Revenue from operations grew 4.9% YoY to Rs.2,221 crore, compared to Rs.2,116.9 crore in Q2FY24. Despite the growth, revenue missed the analysts’ estimate of Rs.2,297 crore. PI Industries’ …

Deepak Chem Tech Limited, a subsidiary of Deepak Nitrite, has announced signing a deal with Trinseo PLC to acquire polycarbonate technology and production equipment from Trinseo’s Stade, Germany facility. Valued at $52.5 million, this agreement is big for both companies as they realign their strategies to tap into emerging opportunities. What’s in the Deal? The …

Patel Engineering Limited, one of India’s leading infrastructure and construction companies, has announced its financial results for the quarter (Q2 FY25) and half year (1H FY25) ending September 30, 2024. The results highlight the company’s strong performance amid changing market conditions and reflect its ability to effectively execute critical infrastructure projects. Resilient Growth Amid Evolving …