Stocks/Share Market - Angel One

On Wednesday, the benchmark indices were trading in the green with the Sensex down around 720 points or 1% at 72,808, while the Nifty-50 was up around 228 points or 1.05% at 22,066. About 2,641 shares have advanced; 471 declined; and 112 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …

Torrent Power Limited, a leading Indian power generation company, has taken a significant step towards strengthening its transmission infrastructure. The company recently signed a Share Purchase Agreement (SPA) with PFC Consulting Limited to acquire a 100% equity stake in Solapur Transmission Limited (STL), a special purpose vehicle (SPV), on March 20, 2024. Let’s delve deeper …

On March 20, 2024, ASM Technologies announced that the company plans to raise ₹170.1 crore through preferential allotment of equity shares and warrants. The company has already raised ₹70 crore out of the total planned fundraising of ₹170.1 crore. The remaining ₹100.1 crore will be received over the period of 18 months. Details of the …

Prominent jewellery and watch retailer Titan Company Ltd is planning to launch its CaratLane jewellery line in the US market in FY 2025. This move was initiated after the successful overseas launch of another famous brand, Tanishq, in 2020. Titan Company’s International Market Presence  According to the Managing Director of Titan Company, C.K. Venkataraman, the …

A Legacy of Excellence In a momentous stride towards fortifying India’s power infrastructure, the Grid Controller of India, now rebranded as GRID-INDIA, has attained the esteemed stature of a Miniratna Category-I Central Public Sector Enterprise (CPSE). This accolade, bestowed by the Ministry of Power, Government of India, underscores GRID-INDIA’s pivotal role in sculpting the nation’s …

On March 20, 2024, the Nifty 50 rose by 0.10% to close at 21,839, while the Sensex increased by 0.12% to finish at 72,101. The US Central Bank’s monetary policy meeting is expected this week, potentially leading to market volatility. Foreign Institutional Investors (FII) experienced a sell-off of approximately ₹2,599 crore, whereas Domestic Institutional Investors …

HFCL, a leading Indian provider of telecommunication equipment and solutions, announced a significant expansion into the European market at the FTTH Conference 2024 in Berlin. The company plans to establish a state-of-the-art optical fibre cable (OFC) manufacturing plant in Poland. This strategic move underscores HFCL’s dedication to supporting Europe’s digital transformation by meeting the increasing …

The Indian stock market has witnessed a remarkable phenomenon in recent years: the phenomenal rise of Public Sector Undertakings (PSUs). These state-owned companies, often considered slow-moving giants, have defied expectations and delivered stellar returns to investors. Let’s delve into the numbers. Companies Surging by Over 500% The below table highlights the impressive performance of several …

Expansion Through EPC Oriana Power Ltd has secured a significant contract to supply a 3MWp turnkey solar power plant under the Engineering, Procurement, and Commissioning (EPC) segment. Valued at Rs 14.88 crore, this project marks Oriana’s entry into the state of Goa and the shipping industry. The Mormugao Port Authority, which entrusted Oriana Power with …

These three equities’ volume gained significantly during Wednesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. NMDC Steel Ltd  The stock of NMDC Ltd saw a significant increase in price and volume, indicating consolidation and breakout soon scenario. This NR7 activity is indicating squeezed price action and lesser volume on red days further …