Stocks/Share Market - Angel One

Now that we have the exit poll results, it looks like all the stars are aligning for a multi-year structural bull rally in the Indian stock market. Everyone’s buzzing about hot themes like defence, power, PSU, infrastructure, and railways, which are expected to benefit from government spending and favorable policies. But let’s talk about something …

Adani One, the super app being developed by the diverse multinational conglomerate Adani Group, has launched cobranded credit cards with the prominent private sector lender ICICI Bank. The company stated that the cards, which will operate on the Visa card scheme, will provide rewards for spending within the Adani ecosystem. This is Adani Group’s first …

On June 4, 2024, Sun Pharmaceutical Industries Ltd, along with Philogen S.p.A., announced that Nidlegy™, an investigational treatment for neoadjuvant melanoma, has had its Marketing Authorization Application (MAA) submitted to the European Medicines Agency (EMA). Based on data from the Phase 3 PIVOTAL study (PHL19IL2TNF-02/15) and Phase 2 trial (PHL19IL2TNF-02/12), the submission marks a significant …

The Indian economy is on a growth trajectory, and with it comes a growing need for a robust infrastructure network. The construction (infrastructure) Industry in India is likely to reach $1.4 Tn by 2025. This has made infrastructure stocks a hot topic among investors in India. But what exactly is driving this surge in popularity? …

InterGlobe Aviation Limited, doing business as IndiGo, is an Indian low-cost airline headquartered in Gurgaon, Haryana, India. In India, it is the largest airline by passengers carried and fleet size, with around 60% of the domestic market share as of April 2024. Japan’s private carrier Japan Airlines(JAL) has signed a new codeshare partnership with Indigo. …

Jaiprakash Associates Limited is a Noida-based Construction company mainly engaged in the business of Engineering & Construction, Manufacturing of Cement, Power, Real Estate Development, Hotel/ Hospitality, Sports, etc. The National Law Court Tribunal has admitted ICICI Bank and State Bank of India’s plea for insolvency against Jaiprakash Associates Limited(JAL). NCLT Admits Insolvency Plea Against JPA …

On June 3, 2024, Kalyan Jewellers India Limited made an official announcement about the final deal with Rupesh Jain, the Founder of Candere (operated by Enovate Lifestyles Pvt. Ltd), to purchase the remaining 15% stake in Candere. This acquisition, valued at ₹42 crore, will transition Candere into a fully owned subsidiary within the Kalyan Jewellers …

IIFL Samasta Finance Limited is launching its Tranche II of secured, redeemable, non-convertible debentures (Secured NCDs) from June 3, 2024, to June 14, 2024. The issue size for this tranche is Rs 1,000 crores, with a base issue size of Rs 200 crores and an oversubscription option of Rs 800 crores. The total shelf issue …

Corporate earnings exhibited robust performance in Q4 FY 2024, with broad-based outperformance across various sectors. The strong gains were primarily fueled by domestic cyclicals such as automobiles, financials, healthcare, capital goods, and cement industries. However, global cyclicals such as metals and oil & gas sectors weighed down profitability. The Nifty 50 achieved impressive results, with …

On June 3, 2024, Cupid Ltd announced in an exchange filing the initiation of a strategic foray into the Indian market by launching its distribution network for Rapid In Vitro Diagnostic (IVD) kits. This step forms a vital part of Cupid’s broader strategy to enhance its footprint in the global IVD market. Cupid Limited has …