Stocks/Share Market - Angel One

PI Industries’ Strategic Acquisition of Plant Health Care Plc PI Industries’ share price saw a significant boost of about 3.5% in early trading on Thursday following the announcement of its acquisition of UK-listed Plant Health Care Plc (PHC). This strategic move is set to bolster PI Industries’ portfolio and market position. Market Response to the …

UltraTech Cement Limited has made a strategic financial investment by acquiring a significant stake in The India Cements Limited. This blog explores the details of this investment, its significance, and the potential impact on both companies. Overview of the Investment UltraTech Cement announced its decision to purchase up to 7.06 crore equity shares of The …

Significant Rise in IREDA and HUDCO Shares Shares of Indian Renewable Energy Development Agency (IREDA) and Housing and Urban Development Corporation (HUDCO) have experienced substantial gains, with IREDA rising 90% and HUDCO surging over 121% so far in 2024. IREDA shares reached an intraday high of Rs 199.35, while HUDCO shares hit intraday high of …

On June 26, 2024, Intellect Design Arena Ltd achieved significant recognition from the UK-based analyst firm IBS Intelligence. They’ve secured top rankings in 3 key banking categories: Retail Core Banking for 6 years running, Transaction Banking for 5 years, and Lending for 3 years. Additionally, Intellect placed second in 8 other fintech categories and maintained …

Meghna Infracon Infrastructure Limited has announced the launch of its new residential project, “RIVAAN,” in Goregaon (West), Mumbai. The project will cover approximately 1 lakh sq. ft. of carpet area. Mr. Vikram Jayantilal Lodha, Managing Director, stated, “We are pleased to announce the launch of ‘Rivaan’ in Goregaon (West), Mumbai. This development marks a significant …

On Wednesday, the market continued to post record closes, led by RIL and select banks. The Sensex gained significantly by 0.8%, reaching a record high of 78,759.40, while the Nifty surged by 0.64% to an all-time high of 23,889.90. Among sectors, Nifty Media, Nifty Energy, and Nifty Bank were the top gainers, whereas Nifty Metal, …

The Indian IT sector is a vital cog in the country’s economic engine, contributing significantly to GDP and export revenue. Despite facing challenges during the COVID-19 pandemic, the sector remained resilient with stable stocks that helped the overall stock market reach new highs. IT infrastructure and services played a crucial role in enabling remote work, …

On June 26, 2024, The Board of Directors of Vijaya Diagnostic Centre Limited (VDCL) and Medinova Diagnostic Services Limited (MDSL) approved a Scheme of Amalgamation during their respective Board meetings. This merger will see MDSL merging into VDCL, aiming to combine their businesses and create synergies, thereby enhancing value for the stakeholders of both companies. …

India’s chemical sector has faced significant challenges in recent years, plagued by rising input prices, poor demand, limited pricing power, and destocking in international markets. Stocks in the sector have underperformed the broader Nifty 50 Index since FY23. However, improving demand conditions, rising exports, and softer input prices suggest better times ahead for chemical companies. …

The benchmark index S&P BSE 500 opened today at 35,371.54 and made its day high at 35,439.34, and it is trading green today, up by more than 0.30%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. CESC Ltd Shares of …