Shares of Rail Vikas Nigam Ltd. (RVNL) opened at Rs 587 on Tuesday and quickly surged, reaching an intraday high of Rs 619. This notable performance was accompanied by substantial trading activity, marking another large transaction in the stock. Major Block Deal Highlights On Tuesday, a significant volume of 1.4 crore shares, worth Rs 827 …
Shares of Yes Bank opened a percent higher in Tuesday’s trading session following the leading private lender’s clarification regarding the speculative reports on a 51% stake sale. Clarification from Yes Bank In a regulatory filing, Yes Bank addressed the rumors circulating in the media. The bank clarified that the Reserve Bank of India (RBI) had …
On July 8, 2024, the Nifty 50 declined 0.01% and closed at 24,320, and the Sensex fell by 0.05%, closing at 79,960. Top Gainers and Losers On the sectoral front, Nifty FMCG, Nifty Oil & Gas, Nifty IT and Nifty Mid Small Healthcare ended in the green. Meanwhile, Nifty PSU Bank, Nifty Consumer Durables, Nifty …
On Monday, benchmark indices closed flat with mixed stock movements. The Sensex slipped by 0.05%, closing below the 80,000 mark, while the Nifty saw a marginal decline of 0.01% to settle at 24,320.55. In sectoral performance, Nifty FMCG, Nifty Energy, and Nifty IT were the top gainers, while Nifty PSU Bank, Nifty Metal, and Nifty …
Understanding the relationship between large-cap and small-cap stocks in India can be crucial for investors. The Nifty 50 and Nifty Smallcap 100 indices offer valuable insights into this dynamic. This article explores the concept of the gap between these two indices, its historical fluctuations, and potential implications for the Indian stock market. Calculating the Gap: …
On July 06, 2024, Apollo Hospitals announced via a stock exchange filing that it plans to acquire 35,12,107 equity shares of ₹10 each at ₹294 per share (including a premium of ₹284 per share), totalling ₹103 crore through a rights issue subscription of its subsidiary Apollo Health and Lifestyle Limited (AHLL). The acquisition of AHLL …
On July 08, 2024, Godrej Industries announced via a stock exchange filing that its Godrej Industries (Chemicals) (one of the oldest businesses of the Godrej Group) signed a Business Transfer Agreement to acquire Shree Vallabh Chemicals’ Ethoxylation Unit II in Kheda, Gujarat. This unit has a manufacturing capacity of 24,000 MTPA of finished products. As …
Edelweiss Financial Services Limited (EFSL) announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) to raise up to Rs 200 crore. This issuance comes alongside the company’s recent efforts to reduce its debt burden and transition towards a more asset-light business model. Let’s delve into the details of the NCD issue and explore the …
In a remarkable turn of events, HPL Electric & Power Limited has witnessed a significant surge in its stock prices. The company’s stock has risen by an impressive 12% and recorded its highest single-day volume in over two months. This article delves into the factors behind this surge, the company’s recent performance, and what this …
Sakar Healthcare Submits 20 Dossiers Across Multiple Countries Sakar Healthcare Limited, an ISO 9001:2015 certified pharmaceutical company, has made significant progress in its global expansion efforts. The company announced the submission of 20 dossiers for oncology product registration across various regions, including Switzerland, Bulgaria, Slovenia, Vietnam, Myanmar, and Ethiopia. Expanding the Anti-Cancer Portfolio Sakar has …
