Strategic Move by Glenmark Pharmaceuticals Glenmark Pharmaceuticals Ltd. has announced its plan to divest its entire 7.84% stake in Glenmark Life Sciences Ltd. (GLS) through an offer for sale (OFS) in the secondary market. The board approved the sale of up to 96.09 lakh shares at a meeting on Wednesday. Additionally, Chairman and Managing Director …
On July 10, 2024, SG Finserve Limited announced financial results for the quarter ended June 30, 2024, via a stock exchange filing. SG Finserve Limited (SGFL) has reported a Profit After Tax (PAT) of ₹19.39 crore for Q1FY25. Management expressed satisfaction in sharing the results for the quarter, marking 22 months since the company commenced …
On Wednesday, the benchmark market closed in the red but significantly off its lows, with major selling observed in banks and autos. The Sensex traded 0.88% lower, while the Nifty plunged by 0.83%. Nifty FMCG was the only major sector trading positively. In contrast, Nifty Auto, Nifty Metal, and Nifty Media were the major underperformers. …
During Wednesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. PC Jeweller Ltd PC Jeweller Ltd has shown strong performance today, with a high of Rs 67.75 and a significant traded volume of 2.02 crores. The stock is currently trading at Rs 66.63, …
Strategic Partnership with Gotion Boosts Technology and Supply Chain A significant announcement during the call was the company’s comprehensive technology licensing agreement with Gotion InoBat Batteries (GIB), a subsidiary of Gotion High-Tech from China. This partnership grants Amara Raja access to Gotion’s robust LFP (Lithium Iron Phosphate) battery technology, including the less common cylindrical form …
On July 10, 2024, TVS Motor Company introduced the 2024 TVS Apache RTR 160 Racing Edition, inspired by its racing heritage. This new model features a Matte Black colour, carbon fibre race graphics, and striking red alloy wheels, reflecting a bold design for racing enthusiasts. Since its debut in 2007, the Apache RTR 160 has …
On July 10, 2024, RattanIndia Enterprises Limited announced via a stock exchange filing that its electric mobility company, Revolt Motors, is revolutionising the two-wheeler industry with the introduction of the 4 Chauke Offer. This innovative initiative aims to make owning the popular RV400 electric motorcycle more accessible and economical than ever before. Under this scheme, …
India’s apparel sector has witnessed significant growth, driven by rising consumer demand and expanding market reach. As investors seek the best stocks in this sector, an in-depth analysis of financial metrics is essential. This article evaluates key apparel stocks in India, focusing on Price to Earnings (PE) ratios, growth metrics, margins, cash flows, and return …
On July 10, 2024, Greaves Finance Limited, a subsidiary of Greaves Cotton Ltd, announced via a stock exchange filing that it has partnered with ACKO, a technology-driven insurer, to facilitate seamless EV ownership in India. Through their collaboration on the Evfin platform, customers can conveniently access optimal insurance policies and financing options. This initiative aims …
On July 9, 2024, Diamond Power Infrastructure Ltd disclosed to the stock exchange that it has secured a significant letter of intent (LOI) from Adani Energy Solutions Limited worth ₹899.75 crore (inclusive of GST). The letter of intent pertains to the supply of AL 59 Conductors, which are New Generation Aluminum Alloy Conductors. This contract, …
