Share Market - Angel One - Page 581

Today, shares of Baja Auto hit a 52-week high today amid strong financial results for the second quarter of FY24 and the amendment of the new dividend policy. On a consolidated basis, In Q2FY24 company recorded a robust financial performance with a 17.48% year-on-year increase in net profit reaching Rs 2,020.05 crore compared to Rs …

On Thursday, the benchmark indices were trading lower with the Sensex down around 376 points or 0.58% at 65,501 and the Nifty-50 down around 106 points or 0.55% at 19,565. About 1,514 shares have advanced, 1,868 declined, and 175 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …

In the world of investments, stories of meteoric rises and dramatic falls often capture the imagination of both seasoned and novice investors. One such story that has been making headlines in recent times is the incredible transformation of One97 Communications Limited, the company behind India’s leading payments and financial services brand, Paytm. From being labeled …

In the world of industrial innovation, few names shine as brightly as Welspun Corp Ltd. Established in 1995, this company has become the flag bearer of the illustrious Welspun Group. With a diversified portfolio that spans across line pipes, home textiles, steel, infrastructure, and energy, Welspun Corp Ltd is more than just a corporation – …

Wipro, the fourth-largest IT company by market capitalisation, following TCS, Infosys, and HCL Technologies, announced its results for the September quarter today.  According to the details, the company’s revenue from operations showed minimal change, decreasing by 0.11% from Rs 22,539 crore to Rs 22,515 crore in Q2 FY24. The company’s gross profit increased to Rs …

Geopolitical tensions in the Middle East, stemming from the ongoing conflict between Israel and Hamas, have unnerved Indian markets. Investors have adopted a risk-averse approach, resulting in a sell-off of stocks. The market is particularly concerned about the surging crude oil prices, as they could potentially impact inflation and lead to higher interest rates in …

Shares in mining companies have surged following the Indian government’s approval of royalty rates for strategic minerals such as lithium, niobium, and rare-earth elements. This significant decision paved the way for the government to auction mining blocks for these valuable resources for the first time in India. Notably, a 3% fixed royalty rate for lithium …

Wednesday concluded on a muted note, with both the Sensex and Nifty falling by 0.83% and 0.71%, respectively. It was undoubtedly a challenging day for the markets. In contrast, to dampen market sentiment, the shares of Sprayking Agro Equipment Limited zoomed 2.02%. The company’s current market capitalisation is Rs 213.47 crore. Established in 1980, Sprayking …

In today’s trading session, the Nifty 50 index grappled with bearish sentiments, culminating in a substantial decline. Commencing at 19,820.45, it concluded the day at 19,671.1, marking a descent of 140 points or 0.71% from the previous day’s closure. The trading day witnessed a high of 19,840.95 and a low of 19,659.95, underlining the market’s …

Indo National Limited, a prominent dry cell manufacturer in India, has announced today that its subsidiary, Kineco Kaman Composites India Private Limited, has secured a substantial contract worth Rs 100 Crores (approximately USD 12.39 million) from BAE Systems. According to the press release, the contract pertains to the manufacturing and export of fully assembled Mission …