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Shares of MPS Ltd lock at 20% upper circuit in a weak market; here’s why!

Shares of MPS Ltd lock at 20% upper circuit in a weak market; here’s why!

2 August 2023

The Indian headline indices suffered a bloodbath in today’s trading session, plunging around 1% as a result of weak global cues. While all sectoral indices were trading down, the metals, power and utilities sectors suffered the most. Broader indices underperformed the main indices.  Shares of MPS Ltd, the top BSE Smallcap gainer, were locked at …

Cholamandalam Investment declares Q1FY24 results, PAT rises 26% YoY

Cholamandalam Investment declares Q1FY24 results, PAT rises 26% YoY

2 August 2023

Cholamandalam Investment and Finance Company Ltd reported unaudited financial results for the quarter that ended in June 2023 or Q1FY24 on July 29, 2023. The company also reported it has plans to raise a total of Rs 38,000 crores through the issuance of secured/unsecured redeemable non-convertible debentures on a private placement basis. Additionally, they intend …

XPRO India Ltd: The only Indian manufacturer of Capacitor or Dielectric Films in India

XPRO India Ltd: The only Indian manufacturer of Capacitor or Dielectric Films in India

2 August 2023

XPRO India Limited is a company in India that is engaged in the business of polymer processing. Its Biax Division manufactures a range of coextruded biaxially oriented polypropylene (BOPP) films and dielectric films on the automated production lines, which uses in various food packaging, cigarette overwraps, and adhesive tapes.  In the Coex Division, they produce …

Penny stocks to watch out for tomorrow, August 3, 2023

Penny stocks to watch out for tomorrow, August 3, 2023

2 August 2023

Sensex and Nifty concluded the session with declines of 1.02% and 1.05% respectively. Nifty Midcap recorded a decrease of 1.33%, while Nifty Smallcap experienced a decline of 1.58%. All major sectors showed negative trends, with Nifty Auto, Nifty PSU Bank, and Nifty Metal being the top losers.  In contrast, Divi’s Laboratories, Hindustan Unilever, and Nestle …

These 3 stocks from BSE 500 jumped over 4% today, 2 August 2023

These 3 stocks from BSE 500 jumped over 4% today, 2 August 2023

2 August 2023

The benchmark index S&P BSE 500 opened today at 26,961.27 and made its day high at 26,991.50 and it is trading in red, down by more than 1%                     From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 4% …

Best Hydrogen Stocks in India

Best Hydrogen Stocks in India

2 August 2023

Amid the rising awareness of climate change, hydrogen has emerged as a game changer in providing clean and green energy. Touted as the best solution for the clean energy transition, it has received significant attention worldwide, including in India. With the country’s growing focus on decarbonisation, hydrogen stocks have emerged as an intriguing investment opportunity. …

Best Footwear Stocks In India

Best Footwear Stocks In India

2 August 2023

The Indian footwear industry has witnessed significant growth in recent years powered by growing household income, rising consumer spending, and changing fashion trends. Investors seeking to capitalise on the changing market dynamics may find exciting investment opportunities in Indian footwear companies. This article delves into the Indian market and examines the top footwear stocks in …

Samvardhana Motherson International acquires 100% stake in Rollon Hydraulics

Samvardhana Motherson International acquires 100% stake in Rollon Hydraulics

1 August 2023

At 2 pm, the shares of Samvardhana Motherson International were trading at Rs 99.46, up by 1.12% from its previous closing of Rs 98.36 on the BSE.  Samvardhana Motherson International (SAMIL) has completed acquisition of 100% stake in Rollon Hydraulics. Rollon is engaged in manufacturing, assembly and supply of high precision turned parts, spools, and …

Nifty IT outperforms all the sectoral indices today, 1 August 2023

Nifty IT outperforms all the sectoral indices today, 1 August 2023

1 August 2023

Today, the broader indices NSE Nifty50 and S&P BSE Sensex faced some hurdles, concluding the session in the red. Checking Nifty50, it opened at 19,784, almost flat from the previous day’s closing level of 19,953.80. The index hit intraday highs and lows of 19,995.60 and 19,704.60, respectively, finally concluding the day at 19,733.55 down by …

800% Dividend: Shares of CRISIL Ltd will trade ex-dividend tomorrow; do you own it?

800% Dividend: Shares of CRISIL Ltd will trade ex-dividend tomorrow; do you own it?

1 August 2023

While Indian benchmark indices fluctuated between gains and losses during the session due to considerable losses in numerous sectors, investor optimism was observed in the information technology and metal sectors. Shares of CRISIL Ltd were in the spotlight despite trading lower as they will trade ex-dividend tomorrow, August 02, 2023. CRISIL is one of the …

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