Stocks/Share Market - Angel One

Rail Vikas Nigam Limited (RVNL), a prominent player in the Indian railway infrastructure sector, has secured a significant contract from the East Coast Railway. This project, valued at Rs.160 crore, involves the installation of an Automatic Block Signaling System, an upgrade for boosting railway efficiency and safety. Project Details and Scope The project involves the …

Company Overview Avenue Supermarts Limited (ASL) is a prominent player in the organized retail sector, operating through its DMart chain of stores. Incorporated in 2000 and promoted by Mr. Radhakishan Damani, an esteemed equity market investor, the company is led by Mr. Ignatius Navil Noronha, who serves as the Chief Executive Officer and Managing Director. …

Indian Railways is issuing tenders for 10,000 kilometers of Kavach, an automatic train protection system, to mitigate accidents caused by human errors like Signal Passing at Danger and over-speeding. Currently, 6,000 kilometers of the Kavach system have been tendered, with 1,465 route kilometers and 139 locomotives, including Electric Multiple Unit rakes, deployed on South Central …

State Bank of India’s Chairman Mr. Dinesh Kumar Khara talked about the Bank’s plan for the fiscal year 2024-25 after it recorded its highest-ever quarterly and yearly profit for Q4 and FY24 respectively. Chairman’s Statement:  In an interview with PTI, the chairman remarked that the bank’s credit growth rate is targeted to be 13-15 percent. …

On June 17, 2024, HFCL Limited (HFCL) announced in a stock exchange filing a significant decision made by the European Commission on June 14, 2024. The decision concluded that HFCL is the sole Indian company not involved in dumping Optical Fiber Cable (OFC) in European markets. Consequently, a provisional anti-dumping duty has been imposed on …

On June 17, 2024, Alembic Pharmaceuticals announced that it had received final approval from the US Food & Drug Administration (USFDA) for its Icatibant Injection. This injection, provided in a single-dose prefilled syringe with 30 mg/3 mL concentration (10 mg/mL), is now approved as a generic version of Firazyr Injection by Takeda Pharmaceuticals U.S.A., Inc. …

Maithan Alloys has acquired shares of Life Insurance Corporation of India (LIC), which operates in the life insurance industry. The acquisition was completed on June 14, 2024. The total acquisition cost was ₹30.07 crore, paid in cash. Maithan Alloys acquired 2,86,500 shares, representing 0.0045% of LIC’s shareholding. In total, Maithan Alloys has acquired 4,82,437 shares, …

JNK India Private Limited, on June 14, 2024, announced the reception of the order for the Gas Cracker Unit (GCU) De Bottlenecking Project by Reliance Industries. The project has been initiated by Reliance Industries Limited’s Nagothane Manufacturing Division (NMD), Maharashtra, and Dahej Manufacturing Division, Gujarat India. The scope of work is Design, Engineering, Procurement, Supply, …

Hindustan Aeronautics Limited (HAL) is an Indian public-sector aerospace and defence company, headquartered in Bangalore. Established on 23 December 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world.  The defence manufacturing company has a total market capitalization of about Rs.3.5 lakh crores. HAL Receives RFP from Defence Ministry …

Wipro Limited is an Indian multinational corporation that provides information technology, consultant, and business process services. It is one of the leading Indian Big Tech companies. Wipro’s capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries. Wipro and GBST Partnership …