Stocks/Share Market - Angel One

In May 2015, the branded apparel businesses of the Aditya Birla Group—which included ABNL’s Madura Fashion division and its subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL)—came together to form Aditya Birla Fashion and Retail Ltd. (ABFRL). Aditya Birla Fashion and Retail Ltd. was the new name for PFRL following its …

The Government of India incorporated Rail Vikas Nigam Limited in 2003. The Ministry of Railways assigns various types of rail infrastructure projects to implement, such as major bridges, doubling, gauge conversion, new lines, railway electrification, workshops, and production units. The concession agreement that the company entered into with the Ministry of Railways stipulates that the …

Since 2011, the diversified NBFC Capri Global Capital Ltd. has made a significant contribution to India’s financial inclusion. Financially needy people in North and West India make up the majority of the company’s clientele. A diversified non-banking financial company (NBFC), Capri Global Capital Limited (Capri Loans) is part of the Nifty Small Cap 250 Index …

Voltas Share Price Declines Below 20-DMA On October 17, the share price of Voltas witnessed a decline of over 2%, slipping below its 20-day moving average (DMA) of Rs 1,843.81. Despite this dip, the stock is still trading above a key gap area from the last trading session, providing some technical support. Additionally, Voltas remains …

Havells India Ltd. reported a 9.5% increase in net profit for the second quarter of FY25, ending on September 30, 2024. The company’s net profit stood at ₹273 crore, compared to ₹249 crore in the same period the previous year. This solid performance was accompanied by a 16% rise in revenue, with the company reporting …

Nestle India reported a 1.5% decline in domestic volumes for the second quarter of FY25, reflecting the impact of softer consumer demand across key segments. This figure aligns with expectations, as analysts had predicted volume growth from 1% to 2%. Despite this decline, Nestle India’s net profit for the quarter, covering the period from July …

Hi-Tech Pipes Limited has announced the commencement of 5 MW of captive green power utilisation, underscoring its commitment to sustainability through innovative energy solutions. This initiative harnesses energy from a combination of rooftop solar installations and open access agreements, reinforcing the company’s leadership in environmentally responsible manufacturing. The new development includes 3 MW sourced from …

The government’s recent 5% share sale in Cochin Shipyard has sparked notable market reactions, especially regarding the share price, which became a focal point for both institutional and retail investors. Institutional Investors Oversubscribe OFS On October 16, 2024, institutional investors oversubscribed the government’s Offer for Sale (OFS). The government had initially offered 59.19 lakh shares, …

Ircon International’s Share Price Jumps 2% Amid Market Selloff Following MoU Announcement In a market experiencing sharp selling pressure, with frontline indices down between 0.34% to 0.48%, Ircon International’s share price has jumped by about 2%. The rally follows the announcement that the company has entered into a Memorandum of Understanding (MoU) with Patel Engineering …

Oriana Power Ltd. just bagged a massive Rs.375 crore deal with the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to build a 75-megawatt (MW) solar power plant. This isn’t just another solar project, it’s part of the government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme, aimed at boosting renewable energy, with a …