Preferential allotment is a corporate action that allows companies to issue shares to a select group of investors at a predetermined price. In a recent board meeting held on February 22, 2024, Oriental Rail Infrastructure Limited announced the allotment of warrants convertible into equity shares to promoters and equity shares at a discounted price on …
Steel magnate Sajjan Jindal is set to embark on a major expansion drive for JSW Steel Ltd, India’s largest mill, aiming to bolster its capacity and meet soaring demand. The company plans to borrow $750 million for capital expenditure, signalling its intent to nearly double steel output to 50 million tons by the end of …
Nvidia, the leading chipmaker, experienced a remarkable surge in its stock market value, adding over $129 billion late on Wednesday. This surge followed the release of its highly anticipated quarterly report, which surpassed estimates and ignited gains in other AI hardware stocks. Strong Quarterly Performance Nvidia’s stock soared almost 8% after the company’s quarterly outlook …
India has embarked on a significant policy reform journey in its space sector, aiming to attract foreign investment and foster growth and innovation. The recent amendment in the Foreign Direct Investment (FDI) policy on the space sector, approved by the Union Cabinet under the leadership of Prime Minister Shri Narendra Modi, marks a paradigm shift …
The Indian stock market broke its three-day positive streak, and the benchmark index, Nifty 50, closed lower at 22,055 with a fall of 0.64%. Sensex also dropped 0.59% to 72,623. As per experts, day traders may see resistance at 22,150. Foreign Institutional Investors (FII) bought securities worth ₹284 crore, and Domestic Institutional Investors (DII) sold …
On Wednesday, the stock market couldn’t sustain its early gains ahead of the release of FOMC meeting minutes. The main stock indices ended the day with a slight decrease: the Sensex fell by 0.59% to close at 72,623.10, and the Nifty dropped by 0.64% to 22,055.05, down nearly 200 points from its recent peak of …
Waste management and recycling companies play a crucial role in promoting environmental sustainability by efficiently managing and repurposing waste materials. In recent years, these companies have garnered attention, driven by increasing urbanisation, environmental consciousness, and stricter regulations from investors and stakeholders alike due to their contribution to mitigating environmental concerns and their potential for financial …
These three equities gained significantly during Wednesday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Manaksia Coated Metals & Industries Ltd Manaksia Coated Metals & Industries exhibits a compelling technical setup. The stock has demonstrated an indication of a Price Volume Breakout along with a breakout of consolidation and bounce from the trendline …
Today, the NSE Nifty50 and BSE Sensex ended the day in the red. The Nifty50 closed at 22,055, falling around 0.64% compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 72,623, reflecting a decline of around 434 points. Among all the stocks listed on the NSE, 146 stocks reached their 52-week …
On Wednesday, Ambuja Cements shares surged 1.31% to trade at a fresh 52-week high of Rs 596.5, from its previous closing of Rs 588.80 on the BSE. Establishing a cement grinding unit Ambuja Cements is planning to establish a state-of-the-art cement grinding unit with an investment of Rs 1000 crore in Motia Village of Godda …
