Stocks/Share Market - Angel One

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 …

Bikaji Foods International Ltd., one of the country’s leading Indian snacks brands, has announced expansion into the Quick Service Restaurant (QSR) segment. On Wednesday, the company confirmed plans to acquire a 53.02% stake in Hazelnut Factory Food Products Pvt. Ltd., a café-cum-artisanal sweets brand based in Lucknow. This investment is valued at Rs.131.01 crore and …

Reliance Industries Ltd. (RIL) has announced October 28, 2024, as the record date for its 1:1 bonus share issue. This means that shareholders holding RIL shares as of this date will receive one additional share for every share they own. The bonus issue was initially revealed during RIL’s annual general meeting on August 29, 2024, …

Crisil reported a 13% year-on-year increase in consolidated net profit, reaching ₹171.55 crore for the third quarter, compared to ₹152 crore in the same period the previous year. The company’s revenue also showed a healthy growth of 8%, rising to ₹833 crore from ₹771.84 crore year-on-year. The strong financial performance was supported by a 16.7% …

Infosys Ltd, a global leader in next-generation digital services and consulting, is set to announce its financial results for the second quarter ended September 30, 2024, on Thursday, October 17, 2024, at approximately 3:45 PM. Investors are keenly awaiting the company’s performance. On October 17, 2024, Infosys share price opened at ₹1,935.20, up from the …

Bajaj Auto Ltd reported a 9.1% year-on-year (YoY) rise in standalone net profit for the second quarter (Q2 FY25), reaching ₹2,005 crore, despite a significant tax hit of ₹211 crore. This increase came alongside a 21.8% YoY growth in revenue from operations, which stood at ₹13,127.47 crore, supported by a 16% volume growth to 12 …

Mphasis Limited announced its financial results for the quarter ended September 30, 2024 (Q2 FY25).  In the quarter ended September 30, 2024, the company reported a rise in net profit of ₹4,233.32 million, up from ₹4,045.08 million in Q1 FY25 and ₹3,919.49 million in Q2 FY 2024. Total income for Q2 FY25 grew to ₹35,948.96 …