The Indian frontline indices initially started the trading session on a positive note but ultimately experienced a decline, primarily driven by a substantial drop in the information technology sector. However, a contrasting trend emerged among broader indices, as they displayed significant gains, reflecting the enduring optimism among investors. Vascon Engineers Ltd, one of the top …
Adani Ports & Special Economic Zone announces its June quarter report today, the company’s revenue from operation grew by 24%, climbing from Rs 5058 crore to Rs 6248 crore. The operating profit also demonstrated strong advancement, reaching Rs 3754 crore, compared to Rs 3290 crore in the corresponding quarter of the previous year. This signifies …
BCL Industries, a North Indian agro-processing leader, is riding high on both ethanol contracts and Q2 performance. The company, known for its grain-based ethanol and ENA, secured lucrative ethanol supply deals with Oil Marketing Companies (OMCs) for 2023-24. These contracts, worth a combined Rs. 561 crore, solidify BCL’s position as a major player in this …
Brimming with festive cheer, Diwali illuminated green markets and buoyant consumer sentiments, propelling the Indian economy to a robust 7.2% growth in Q2. Amidst this economic vibrancy, the spotlight turns to the auto industry’s Q2 performance, particularly the volume metrics. Volume Growth Analysis Maruti Suzuki Established in 1981 through a joint venture with Suzuki Motor …
Joy is widespread, and for good cause. The Nifty and Sensex have soared to unprecedented heights, joined by numerous other sectoral indices. Notably, the small and mid-cap indices surpassed the Nifty in reaching new highs. However, the Bank Nifty and IT indices find themselves in a struggle. It appears the Nifty took its time to …
The Nifty50 started the day strongly, opening at 20,601.95 with a significant gap up. It maintained a bullish trend throughout the day after bouncing back from its earlier lows. The main stock indices achieved a record closing, marking the most significant one-day gain in over a year. The market experienced widespread positive movement, with 44 …
At 3 pm, Greaves Cotton shares were trading at Rs 139, up by 5.22%% from its previous closing of Rs 132.10 on the BSE. Foray into the global market Greaves Cotton’s subsidiary, Greaves Electric Mobility (GEMPL) has forayed into the global market with the launch of its first showroom in Nepal in collaboration with the …
Sobha Limited Ltd is a strong breakout candidate for today. The stock price is currently trading at Rs 968 and has witnessed a very clean break-out of the flag and pole chart pattern. The RSI and other parameters of technical analysis are in sync with the breakout. Flag and Pole Chart Pattern Flag and pole …
Sadhana Nitro Chem Limited, a frontrunner in manufacturing intermediate speciality chemicals, is embarking on a transformative journey into the realm of sustainable energy. The company’s visionary moves towards establishing a green hydrogen facility marks a pivotal step in embracing renewable energy sources for its operations. This strategic initiative is set to revolutionise not only the …
These 3 stocks have shown substantial gains in Monday’s trading sessions, indicating strong bullish activity. Here’s an in-depth look. Munjal Auto Industries Ltd Munjal Auto Industries Ltd has given a volume price breakout on the day chart with the formation of a flag and pole chart pattern. The stock is currently trading at Rs 88.50 …
