Stocks/Share Market - Angel One

Nifty breached the consolidating range of the last 2 days and traded lower, almost filling the recent gap. Currently, it is trading around the day’s low which also has a psychological and derivative support level of 18,500. In these weak sentiments defensive sector, Nifty IT showed decent strength in which stocks like Infosys, Tech Mahindra, …

The domestic market witnessed mixed reactions on Wednesday amid uncertain global cues and corporate earnings seasons. Good corporate results continue to impress investors on D-street as strong buying interest is seen in such stocks. Meanwhile, one stock that has exceeded investors’ expectations is Tega Industries.  Shares of Tega Industries (NSE Code – TEGA) surged 10% …

MSCI Inc, a prominent provider of essential decision support tools and services for the global investment community, has disclosed the outcomes of the May 2023 Index Review for various MSCI Equity Indices. These indices include the MSCI Global Standard, MSCI Global Small Cap, and MSCI Micro Cap Indexes, as well as the MSCI Global Value …

On January 24, 2023, Hindenburg Research released a report alleging that the Adani Group, a major conglomerate in India, had been involved in a long-standing scheme of stock manipulation and accounting fraud. The publication of this report occurred just days prior to the scheduled USD 2.5 billion share offering by Adani Enterprises, the conglomerate’s primary …

BEML Ltd, a prominent mining and construction equipment manufacturer in India, has recently unveiled its financial results for the fourth quarter (Q4) and the entire fiscal year 2023, concluding on March 31.  Here are the noteworthy highlights:  Quarterly Updates  In Q4FY23, BEML recorded a total revenue of Rs 1387.94 crore, demonstrating a decline from the …

Sunday marked a momentous day in the history of India as Prime Minister Narendra Modi inaugurated the country’s new Parliament building. This iconic structure is not just a physical edifice; it represents the aspirations of 1.4 billion Indians and serves as a vehicle to propel India towards its goal of becoming a developed nation in …

Shareholders, also known as stockholders or equity holders, are individuals, entities, or institutions that own shares or stocks in a company.   When you own shares in a company, you become a partial owner or shareholder of that company.  Being a shareholder comes with certain rights and responsibilities. Along with sharing in the overall financial success, …

Nvidia Corporation has achieved a remarkable milestone by surpassing USD 1 trillion in market capitalisation, becoming the first chipmaker from the United States to enter the esteemed trillion-dollar club. This accomplishment stands as a significant landmark for the company. Nvidia experienced a positive surge in its stock prices with a 2.99% jump, reaching USD 401.11. …

On Tuesday, Apollo Hospital Enterprise Ltd reported robust returns in Q4FY23. The company’s net profit increased by 51.17% on a consolidated basis to Rs 142.07 crore in Q4FY23 compared to Rs 93.98 crore in the same quarter last year and decreased by 22.73% sequentially. The net sales of the company increased by 21.31% to Rs …

Indian benchmark indices are trading in red and the NSE benchmark Nifty50 has slipped below the 18,600 mark.  However, the broader markets are witnessing buying interest and the testament is the fact that have been outperforming the frontline indices on Wednesday with Nifty Midcap and Smallcap advancing 0.09% and 0.35%, respectively. With the outperformance of …