On July 3, 2024, the Nifty 50 and Sensex rose by 0.67% and 0.69%, respectively, closing at 24,286 and 79,986. Both benchmark indices reached record highs, driven by strong gains in Bank and Metal stocks. Top Gainers and Losers Nifty Private Bank, Nifty Financial Services 25/50, Nifty Financial Services, Nifty Bank, and Nifty Metal showed …
On July 3, 2024, Club Mahindra announced that its resorts in Kumbhalgarh, Ooty, and Madikeri achieved Platinum certifications from the Indian Green Building Council. The Udaipur resort earned Gold certification. These accolades highlight Club Mahindra’s commitment to sustainability, aiming for carbon neutrality by 2040. Impressive Scores The Madikeri resort scored 87 out of 100, demonstrating …
On Wednesday, the market surged to a record high as banks saw major buying. The Nifty, Sensex, and Nifty Bank all hit fresh life highs. The Sensex crossed 80,000 for the first time, rising to 80,074.30, and the Nifty climbed to 24,309.15. Remarkably, the Sensex took just 138 days to ascend from 70,000 to 80,000, …
Awfis Space Solutions, a leading player in India’s flexible workspace market, was listed on the stock exchanges in May 2024. The IPO, sized at ₹598.93 crore, aimed to raise fresh capital and provide existing investors with an exit route. IPO Performance and Market Demand The IPO garnered significant attention due to India’s demand for flexible …
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. MMTC Ltd MMTC Ltd’s stock is currently trading at Rs 85.33, showing a notable increase of 7.66% from the previous close of Rs 79.26. The stock has hit a high of Rs 91 …
Founding and Early Milestones Dr. Reddy’s Laboratories (DRL) was established by the visionary Promoter and Founder Chairman, Late Dr. K. Anji Reddy. Market Presence The company offers a diverse portfolio of pharmaceutical products and services, including generics, active pharmaceutical ingredients (APIs), custom pharmaceutical services, biosimilars, and differentiated formulations. DRL’s operations are divided into three key …
On July 02, 2024, Kotak Mahindra Bank (KMB) issued a clarification regarding a show-cause notice received from the Securities and Exchange Board of India (SEBI). SEBI Notice and Allegations On July 02, 2024, KMB clarified that SEBI had actually issued the show cause notice on June 26, 2024. The notice pertains to short selling Adani …
Himatsingka Seide Limited (HSL), a leading textile manufacturer, has taken a significant step towards a more sustainable future by investing in Isharays Energy One Private Limited. This strategic move, announced in January 2024 and finalised on July 02, 2024, underscores HSL’s commitment to reducing its carbon footprint and embracing renewable energy solutions. Powering Up with …
CFF Fluid Control Limited (CFF), a leading Indian engineering company, has secured two significant contracts that solidify its position within the country’s defence and shipbuilding industries. These contracts highlight CFF’s expertise in manufacturing critical components for naval applications. Securing Essential Spares for Material Organisation The first contract involves procuring spare parts for the P75 Project …
NLC India Limited (NLC), a leading Indian coal producer and power generator, has released its business report for the first quarter (Q1) of the financial year 2024-25 (FY2025). The report highlights positive growth across key performance indicators, including lignite and coal production, power generation, and market capitalisation. Fuel Production on the Rise NLC achieved a …
