Monday deals concluded on a sour note, with the Sensex closing lower by 0.93% at 71,355.22, and the Nifty also registering a decline of 0.91%, closing at 21,513. Recent development In this muted market sentiment, Ashok Leyland has achieved a historic milestone by recording its highest-ever sales volume in a calendar year in 2023. Surpassing …
Monday Blues in the Stock Market On a gloomy Monday for the Indian stock market, benchmark indices Nifty and Sensex witnessed a correction, trading lower by 0.61% and 0.60%, respectively. The sea of red engulfed various sectors, with Nifty PSU Bank and Nifty FMCG leading the descent. The broader market indices, Nifty Mid-cap and Small-cap, …
In the stock market, conclusion of a lock-in period for anchor investors holds profound implications for a company’s stock dynamics. The table below outlines the key details of companies and the culmination dates of their anchor allotment lock-in periods: Company name Bid Date Shares Offered Anchor Portion Size (Rs crore) Anchor lock-in period end date …
These three equities gained significantly during Monday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. GMR Airports Infrastructure Ltd GMR Airports Infrastructure’s stock price has experienced a notable volume price breakout, coupled with a bullish engulfing candlestick pattern. Currently priced at Rs 86.90, the stock has witnessed a substantial surge in trading activity …
With price volume support, GTPL Hathway and Vertoz Advertising are strong bullish breakout potential. The stock price has displayed an inverted head & shoulder and flag & pole chart pattern breakout and is presently trading at Rs 205 and Rs 578. The breakout corresponds to the RSI, ADX, and other technical analysis indicators. GTPL Hathway …
Expanding its reach, Shreeji Translogistics Limited (STL), a leading logistics service provider in India, proudly announces the signing of a new contract with Turkish Airlines Inc (Turkish Cargo), a prominent name in the aviation industry renowned for its commitment to passenger and cargo transportation. This marks a significant milestone in STL’s journey of expansion and …
DLF, India’s premier real estate company, has astounded the market with pre-formal launch sales exceeding Rs 7,200 crore for its avant-garde project, ‘DLF Privana South.’ This exclusive luxury residential development spans 25 acres in Gurugram’s Sectors 76 and 77, attracting significant investor interest and achieving a remarkable sellout within an astonishing 72 hours. Market Dynamics …
Do Bonus and stock split create value for shareholders? Let us start with the unbelievable story of how Wipro created wealth over the years. Had you bought 100 shares of Wipro in 1980 at a price of Rs.100 then your investment of Rs.10,000 would be worth a princely Rs.510 crore today. Of course, we are …
KPI Green Energy Limited has secured a new 3 MW solar power project order from M/s Jayco Synthetics. This domestic commercial contract falls under the company’s Captive Power Producer (CPP) segment and is expected to be completed in phases throughout the financial year 2024-25. This win marks a positive step for KPI Green in expanding …
HDFC Bank has delivered a stellar performance in its December quarter results, with some impressive numbers across the board. Let’s break it down in a way that’s easy to understand, even for finance newbies. Loans on Fire Imagine the bank’s loan book as a pile of money it lends out. This pile grew a whopping …
