In January 2024, Polycab Industries faced a significant setback when the Income Tax Department alleged tax evasion amounting to Rs 200 crore, causing its stock price to plummet by 27.4%. However, despite this initial blow, the company has demonstrated resilience and strategic prowess in navigating through the crisis, as evidenced by its recent financial performance …
On Tuesday, the Sensex and Nifty closed with little change, while midcap and smallcap indexes continued to perform well. The Sensex slightly declined by 0.15% to close at 73,903.91, and the Nifty also decreased by 0.04% to end at 22,453.30. Nifty Media, Nifty Metal, Nifty Auto, and Nifty Realty were the top gainers, while Nifty …
New product launches Fevikwik, a leading brand of instant adhesive solutions, from the house of Pidilite Industries, has launched innovative new products, Fevikwik Precision Pro, Fevikwik Gel, Fevikwik Advanced and Fevikwik Craft. The launch of new products aims to revolutionise the repair experience for consumers across diverse use cases. The new range of products have …
FSN E-Commerce Ventures and NLC India are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising structures and technical setups, including price volume contraction and the potential to bounce back and break out. Currently trading at Rs 161.35 and Rs 228.10 respectively, their price aligns with positive signals from technical …
On April 2, 2024, JK Cement stated in an exchange filing that the company’s board has approved increasing the borrowing limit of the firm from ₹7,500 crore to ₹12,000 crore. Along with the increase in the borrowing limit, the board of directors of JK Cement Limited have unanimously also considered and approved four other resolutions. …
Hindustan Copper Limited (HCL) has emerged as a beacon of success. The Government of India (GoI) Enterprise, categorized as a Miniratna Category-I, made waves on Tuesday as it reached a fresh 52-week high on the National Stock Exchange (NSE), with shares soaring to Rs 313.70. This surge, starting from an opening level of Rs 309, …
These three equities’ volume gained significantly during Tuesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. NHPC Ltd The stock of NHPC saw a significant increase in price and volume, indicating heightened trading activity. This bounce back showing stock price started to rise again with higher volume on up days, further supporting the …
Despite the current modest losses in the Indian markets, certain sectors are causing quite the stir on D-Street today. Nifty Realty, Nifty Media, and Nifty Metal are among the standout performers, each logging gains of more than 1%. Amidst the green tide in the metal sector, one particular small-cap stock is turning heads, and it’s …
The NSE benchmark Nifty 50 index started the day with little change on Tuesday. Initially, it attempted to breach the 22,500 mark but peaked at 22,497.60 before sliding to an intraday low of 22,388.15. However, in the final phase of trading, the Nifty staged a remarkable recovery, gaining nearly 65 points from its daily low …
The Indian auto industry roared into the final month of fiscal year 2024, with most major manufacturers reporting healthy sales figures for March. The below table showcases the monthly auto sales for March 2024: Company March 2024 (Units) March 2023 (Units) YoY Maruti Suzuki India Limited 1,87,196 1,70,071 10% Tata Motors Ltd 90,822 89,351 2% …
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