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Praveg signs a new 5-Star hotel in Ahmedabad; details inside

Praveg signs a new 5-Star hotel in Ahmedabad; details inside

13 July 2023

Praveg Ltd is coming up with a luxury 5-star hotel in the world heritage city of Ahmedabad, Gujarat. The hotel will be located in the neighbourhood of Sindhu Bhawan Road. Reflecting the legendary hospitality of Gujarat, the hotel will feature 76 rooms with beautiful city views and plush amenities, like Infinity Pool, Open Sky Dining, …

Patanjali Foods – Offer for Sale (OFS)

Patanjali Foods – Offer for Sale (OFS)

13 July 2023

Patanjali Foods Ltd, formerly known as Ruchi Soya Ltd, initiated an Offer for Sale on July 12, as stated in its latest exchange filing. The Offer for Sale presents an opportunity for one of its major promoters, Patanjali Ayurved, to divest its stake in the company.  The Patanjali Ayurved currently holds the largest stake in …

TCS Share surge on reporting 17% rise in profit YoY

TCS Share surge on reporting 17% rise in profit YoY

13 July 2023

On Wednesday, Tata Consultancy Services (TCS) Ltd reported a 16.84% year-on-year rise in its consolidated net profit for the fiscal’s first quarter ended June (Q1FY24) to Rs 11,074 crore. The company had reported a profit of Rs 9,478 crore in the year-ago period. Sequentially, the consolidated net profit was down 2.8%. The IT company’s consolidated …

SpiceJet shares rally over 7% on news of promoter’s investment

SpiceJet shares rally over 7% on news of promoter’s investment

13 July 2023

On Wednesday, SpiceJet said its promoter Ajay Singh will infuse Rs 500 crore into the company to strengthen the airline’s financial position. The fresh equity infusion will help the carrier in accessing additional credit facilities of Rs 206 crore under the Emergency Credit Line Guarantee Scheme (ECLGS), the company said in a statement.   The board …

Upper Circuit Stocks Today – Stocks Locked in Upper Circuit on 13 July

Upper Circuit Stocks Today – Stocks Locked in Upper Circuit on 13 July

13 July 2023

On Thursday, the benchmark indices were trading higher with Sensex up around 622 points or 0.96% at 66,015 and the Nifty-50 up around 160 points or 0.83% at 19,544. About 1,946 shares have advanced, 1,147 declined, and 149 are unchanged on the BSE. Top gainers and losers on BSE Sensex Index are as follows: The …

A Comprehensive Analysis of Nifty 50 Rebalancing since 2017

A Comprehensive Analysis of Nifty 50 Rebalancing since 2017

12 July 2023

The Nifty 50, the flagship index of the National Stock Exchange, is one of the most widely tracked and referenced benchmarks in the Indian stock market. Twice a year, the Nifty 50 index undergoes a rebalancing process, which plays a crucial role in maintaining its relevance and accuracy as a representation of the Indian equity …

NCC Ltd shares surge 6.5%, marking a promising buying opportunity

NCC Ltd shares surge 6.5%, marking a promising buying opportunity

12 July 2023

NCC Ltd., a construction company, experienced a remarkable jump of over 6.5% in its stock with strong volumes exceeding 16 million, marking a technical breakout of a continuation price pattern.  NCC Ltd. engages in construction and engineering services, operating in both Indian and international markets. The company specializes in various sectors, including buildings and housing, …

Zen Technologies shares hit all-time high, surging 20% today

Zen Technologies shares hit all-time high, surging 20% today

12 July 2023

Zen Technologies received two orders yesterday worth Rs 500 crore. After the news, shares of the company saw heavy buying and a jump in share price.  During market hours in the morning, the company announced that it had received a significant order win in the export markets. The order is valued at approximately Rs 340 …

Paytm climbs over 6% today, leading the BSE large-cap gains

Paytm climbs over 6% today, leading the BSE large-cap gains

12 July 2023

Indian benchmark indices ended the session substantially lower, dragged down by significant losses in the information technology, telecommunications and utilities sectors. The BSE Sensex fell 0.34% to 65,393 level at the close. The Nifty 50 index declined 0.28% to a level of 19,384.     Broader indices significantly outperformed the main indices. The top BSE Large-cap gainer, …

Penny Stocks to Watch Out for Tomorrow, July 13, 2023

Penny Stocks to Watch Out for Tomorrow, July 13, 2023

12 July 2023

The Sensex ended the day with a decrease of 0.34%, while the Nifty closed lower by 0.28%. On the other hand, the Nifty Midcap saw a rise of 0.43%, and the Nifty Smallcap showed an increase of 0.76%.  Among the top gainers were Nifty PSU Bank, Nifty Pharma, and Nifty Media, whereas Nifty Bank, Nifty …

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