Introduction Forbes & Company Limited (FCL) had approved a Scheme of Arrangement to demerge its Precision Tools business into a wholly-owned subsidiary, Forbes Precision Tools and Machine Parts Limited (FPTL). This move aims to streamline operations, enhance management focus, and unlock shareholder value. Details of the Demerger 1. Entities Involved Demerged Company: Forbes & Company …
At 11:23 am, the BSE Sensex surged 0.14%, reaching a level of 76,800. The Nifty 50 index is up 0.23% to the 23,343 level. On the Sensex, Ultratech Cement Ltd, Power Grid Corporation Ltd and Nestle India Ltd were among the top gainers, whereas HCL Technologies Ltd, Infosys Ltd and Tech Mahindra Ltd were among …
The benchmark index S&P BSE 500 opened today at 34,603.74 and made its day high at 34,663.91, and it is trading in green today, up by more than 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Motilal Oswal Financial …
In a significant enforcement action, the Securities and Exchange Board of India (SEBI) recently adjudicated a case involving alleged insider trading by Mr. Rajat Mishra in the shares of Hindustan Aeronautics Limited (HAL). This article delves into the key aspects of the adjudication order, highlighting the facts, findings, and implications of this case. Background of …
On Monday, the benchmark indices were trading in the red with the Sensex down around 85 points or 0.10% at 76,612, while the Nifty-50 was down around 28 points or 0.12% at 23,262. About 2,399 shares have advanced; 940 declined and 122 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On June 7, 2024, the Nifty 50 rose 2.05% and closed at 23,290, and the Sensex increased 2.16%, closing at 76,693. Top Gainers and Losers On the sectoral front, Nifty IT, Nifty Auto, Nifty Oil & Gas and Nifty Metal ended in the green. Meanwhile, no sector was seen falling. The top gainers were Mahindra …
The stock market is always abuzz with various indicators that traders and investors use to make informed decisions. One such powerful signal is the golden crossover. In this blog, we’ll explore what a golden crossover is and highlight three stocks—Indo Amines Ltd, Emami Limited, and KNR Constructions Limited—that recently experienced this bullish signal. What is …
On June 7, 2024, Wardwizard Innovations & Mobility Limited (WIML), a well-known maker of electric vehicles in India, received a significant order worth $1.29 billion from Beulah International Development Corporation, a respected company in the Philippines supported by RP Connect. WIML will supply its existing products, such as electric bikes and rickshaws, and develop electric …
On Monday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex significantly gaining by 2.16% to close at 76,693, and the Nifty rising by 2.05% to finish at 23,290. The broader market also experienced gains, as the Nifty Mid-Cap closed higher by 1.49%, and the Nifty Small-Cap soared …
On Friday, the market ended the week strongly despite volatility, with both Sensex and Nifty reaching record closing highs. The market cap of BSE-listed companies neared a record high, increasing by Rs 8 lakh crore. Sensex rose by 2.16% to close at 76,693.36, while Nifty gained 2.05% to close at 23,290.15. All major sectors traded …
