Stocks/Share Market - Angel One

On May 29, 2024, Newgen Software Technologies Limited announced the launch of LumYn, a groundbreaking Gen AI-powered hyper-personalisation platform designed particularly for the banking sector. This innovative growth intelligence platform is set to enhance profitability and significantly enhance bank customer experiences worldwide. The company stated that in the current financial landscape, customers expect personalised service …

HCL Technologies Limited (HCLTech) informed the stock exchanges that it has added generative AI (GenAI) capabilities to its Maintenance, Repair and Overhaul (MRO) solution, iMRO/4. This addition is to help enterprises enhance the performance and efficiency of complex, high-value assets across various industries, such as technology, transportation, defence, energy, and aerospace. HCLTech will launch a …

Blue Dart, South Asia’s leading express logistics company, announced a major expansion of its electric vehicle (EV) fleet. This strategic initiative highlights Blue Dart’s unwavering commitment to environmental responsibility and its ambitious goal of achieving net-zero carbon emissions. EVs Powering Sustainable Logistics The expanded fleet now boasts over 480 electric vehicles, poised to significantly reduce …

On May 29, 2024, Popular Vehicles & Services Limited (PVSL), one of India’s leading fully integrated automotive dealership players, released its results for the quarter and year ended March 31, 2024. Quarterly Performance During the quarter ended March 31, 2024 (Q4 FY2024), the company recorded a 4.6% growth in total income to ₹1,372 crore, and …

Adani Enterprises Limited (AEL), a prominent Indian conglomerate, announced a strategic expansion within its infrastructure sector through its joint venture company, AdaniConneX Private Limited (ACX). A filing submitted to the stock exchanges confirmed the completion of ACX’s acquisition of a 100% stake in Terravista Developers Private Limited (TDPL). Acquisition Rationale and Future Plans The primary …

The Indian equity market is reeling under selling pressure with NSE Nifty 50 and BSE Sensex trading down by over 0.50% on Wednesday. The sell-off was led by banking stocks and Reliance Industries. Meanwhile, the broader market indices were relatively outperforming the frontline indices with Nifty Midcap 100 down by 0.09% and Smallcap 100 up …

On May 29, 2024, Power Mech Projects Limited informed in an exchange filing that the company secured its first construction project in the critical nuclear power sector. The company has secured a substantial contract worth ₹563.23 crore from BHEL – Power Sector Southern Region. The contract involves Civil, Structural, and Architectural works for the Turbine …

Salzer Electronics Limited, a capital goods engineering company providing comprehensive and tailored electrical solutions, released its audited financial outcomes for the fourth quarter and fiscal year ending on March 31, 2024. Salzer Electronics Limited has performed robustly across critical metrics. The company witnessed a significant year-over-year growth of over 12% in consolidated revenues, primarily fueled …

Titan Company Ltd, a prominent player in the Indian market for watches and jewelry, is making a strategic foray into the fragrance industry. The company has announced plans to achieve Rs.500 crore in fragrance sales and build a larger customer base by FY27. This move marks a significant expansion of Titan’s portfolio and highlights its …

Grasim Industries Limited is an Indian manufacturing company based in Mumbai. The company has a market capitalization of about 1.65 Lakh crores and it was incepted in 1947 as a textile manufacturer and is a part of the Aditya Birla Group. The Birla Group, the promoter of Grasim has increased its shareholding in the company …