Stocks/Share Market - Angel One

On June 23, 2024, Genesys International, a leading mapping company, launched India’s first AI-powered navigation map for cars and other vehicles. This new solution is a significant step forward for the Indian auto industry, ushering in a new age of personalised and smart driving experiences. Genesys’s new map covers India’s largest drivable road network, 8.3 …

On June 24, 2024, Larsen & Toubro Limited (L&T) informed in a stock exchange filing that the company’s Power Transmission & Distribution (PT&D) vertical has secured a domestic order to build a grid-connected 185 MW Solar PV Plant along with a Battery Energy Storage System (BESS) with a multitude of MWh capacity. The Solar PV …

Tide Water Oil Co. (India) Ltd. announced a development that could indicate growing investor confidence. Standard Greases & Specialities Private Limited, a joint promoter of the company, has applied for and received pre-dealing approval to acquire an additional 3,51,000 equity shares. This move signifies the promoter’s continued commitment and potential bullish sentiment on the company’s …

Garden Reach Shipbuilders & Engineers Ltd (GRSE), a prominent Indian shipbuilding company, has successfully secured a substantial contract worth $54 million (around Rs.448 crore) which involves the construction and delivery of four multi-purpose vessels for a German client.  Details of the Contract The contract, signed with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., …

Maharashtra Scooters Ltd (MSL) continues to operate as a Core Investment Company (CIC), which does not require registration with the RBI. As a CIC, a minimum of 90% of its assets are invested in the Bajaj group. The remaining balance, representing accumulated surpluses, is invested in debt and other instruments with the sole objective of …

TVS Motor Company Ltd. (TVSM) is engaged in manufacturing two-wheelers and their accessories, It currently manufactures a wide range of two-wheelers and three-wheelers. TVSM is one of the leading players in the two-wheeler industry and is the only company to have a presence in all three categories, i.e., motorcycles, scooters, and mopeds, catering to both …

The GST Council has referred the request to reduce GST on fertilizers to a group of ministries for further evaluation. This move has led to a decline in fertilizer stocks in the Indian market, affecting companies such as GNSC, FACT, and Chambal Fertilizers. Investors are reacting to the uncertainty surrounding potential tax changes in the …

Sobha Limited, in collaboration with Karma Lakelands, has come up with Sobha Aranya, an eco-luxe residential project in Gurugram’s Sector 80. The launch is important given the current dynamics of the Indian real estate market, where Delhi NCR stands out as a focal point of expansion. Buyer Preferences & Growth  Delhi NCR is celebrated for …

On June 21, 2024, the Nifty 50 fell by 0.28% and closed at 23,501, and the Sensex dropped by 0.35%, closing at 77,209.  Top Gainers and Losers On the sectoral front, Nifty Media, Nifty IT, Nifty Consumer Durables and Nifty Metal ended in the green. Meanwhile, Nifty FMCG, Nifty PSU Bank, Nifty Oil and Gas …

Following an earlier notification on June 19, 2024, regarding a partial production stoppage due to a labour strike at the Rakholi and Chinchpada plants, KEI Industries Limited is pleased to announce a positive development. Strike Resolution and Resumption of Normal Operations On June 21, 2024, the company announced that the labour strike had been successfully …