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Sundram Fasteners powers up in Tamil Nadu with Rs 1,411 crore investment

Sundram Fasteners powers up in Tamil Nadu with Rs 1,411 crore investment

11 January 2024

Sundram Fasteners, a Global automotive supplier, is revving its presence in Tamil Nadu with a massive Rs 1,411 crore investment commitment. This strategic move, inked during the Tamil Nadu Global Investors Meet 2024, will span eight existing factories in the state, including Mahindra World City SEZ, aligning with both Industrial and EV policies.  The planned …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 12, 2024

Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 12, 2024

11 January 2024

Indian stocks finished the day a tad higher on Thursday, after a day of ups and downs. The main Sensex index edged up 0.09% to close at 71,721, while the Nifty 50 ticked up 0.13% to 21,647. Market volatility, which is like a measure of nervousness, also went down. The India VIX index fell 1.56%, …

Q3 result update: TCS profit rises by 2%; Announces dividend of Rs 27 per share

Q3 result update: TCS profit rises by 2%; Announces dividend of Rs 27 per share

11 January 2024

TCS, an Indian IT giant, announced its December quarter results today after market hours. The company reported revenue from operations at Rs 60,583 crore in Q3 FY24, representing a 3.6% YoY growth compared to the same quarter last year, where it was Rs 58,749 crore. In constant currency, the company exhibited a commendable 1.7% YoY …

POCL Enterprises: A micro-cap gem in the making

POCL Enterprises: A micro-cap gem in the making

11 January 2024

POCL Enterprises Limited (POEL) might not be a household name yet, but within the Indian metals and minerals industry, it’s quietly carving a niche for itself. Established in 1988, POEL has transformed from a regional player into a leading manufacturer of metallic oxides, PVC stabilizers, and refined metals like zinc and lead. With a market …

Top 3 breakout stocks trading below Rs 100

Top 3 breakout stocks trading below Rs 100

11 January 2024

These three equities gained significantly during Thursday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Hindustan Construction Ltd  Hindustan Construction has recently demonstrated a notable volume-price breakout, accompanied by a 52-week high breakout. Currently valued at Rs 34.90, the stock has experienced a significant surge in trading activity. The breakout is particularly noteworthy, …

Tata Power’s energy transition plan – Here’s what investors need to know!

Tata Power’s energy transition plan – Here’s what investors need to know!

11 January 2024

Tata Power, India’s second-largest private power generator, is making a bold move – quadrupling its renewable energy capacity by 2027! This ambitious plan signifies a major shift towards a greener future, not just for the company but for the entire nation. Tata Power is currently trading at Rs 354 per share, reflecting a 2.18% increase. …

Stationery Sector Buzz: DOMS, Flair, and Kokuyo Camlin Witness Over 10% Surges

Stationery Sector Buzz: DOMS, Flair, and Kokuyo Camlin Witness Over 10% Surges

11 January 2024

In December, a flurry of IPOs hit the market, bringing joy to investors through favourable listing gains. However, one particular IPO has emerged as a standout in the stationary sector, capturing our focus today. No prizes for guessing, it’s none other than DOMS Industries. Founded in 2006 as “Writefine Products,” Doms Industries evolved into a …

Unichem Laboratories gets green flag from USFDA; stock rallies over 5%

Unichem Laboratories gets green flag from USFDA; stock rallies over 5%

11 January 2024

During Thursday’s deals, the shares of Unichem Laboratories Limited zoomed by 5.63%. Additionally, the stock hit a fresh 52-week high mark of Rs 479.25. Furthermore, the scrip witnessed a spurt in volume by more than 2.97 times. The company’s current market capitalisation is Rs 3,313.29 crore.         Recent development  The company announced the approval of …

Why are REIT investments becoming a cause of concern?

Why are REIT investments becoming a cause of concern?

11 January 2024

In real estate investment, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Brookfield India Real Estate Trust REIT have faced a challenging year marked by declining returns and market uncertainty. Several factors, including a global economic slowdown, increasing interest rates, and rising borrowing costs, have contributed to the struggles of these Real Estate Investment …

These 5 NSE stocks surged over 15% and hit 52-week highs today: Keep them on your radar for tomorrow

These 5 NSE stocks surged over 15% and hit 52-week highs today: Keep them on your radar for tomorrow

11 January 2024

Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in the green. The Nifty50 closed at 21,647.20, marking an increase of 28.50 points or 0.13% compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 71,721.18, reflecting an increase of 63.47 points. Among all the stocks listed on the …

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