The market regulator, SEBI received complaints from shareholders about receiving calls from ICICI Bank, urging them to vote in favor of delisting ICICI Securities. These calls have raised concerns among the shareholders regarding the appropriateness and ethics of such direct lobbying efforts by the bank to influence the voting outcome on the proposed delisting of …
On June 6, 2024, the Nifty 50 rose 0.89% and closed at 22,821, and the Sensex increased 0.93%, closing at 75,074. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty Media, Nifty PSU Bank, and Nifty IT ended in the green. Meanwhile, Nifty FMCG, Nifty Pharma, Nifty Healthcare Index, and Nifty Private Bank …
Hindustan Zinc Limited (HZL) has made waves in the stock market, doubling its share price in just three months. With a history dating back to 1966, HZL has established itself as a dominant player in the zinc-lead and silver industry. Let’s dive into the factors contributing to its recent surge and why you might want …
On Thursday, the market continued to recover from Wednesday’s losses, with BSE-listed companies collectively gaining Rs 8 lakh crore in market capitalization, bringing the total market cap to Rs 416 lakh crore. The Sensex rose by 0.93%, closing at 75,074.51, while the Nifty climbed by 0.89%, closing at 22,821.40. Among sectors, real estate, media, public …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Nova Agritech Ltd Today, Nova Agritech Ltd reached a high of Rs 55.2 with a significant traded volume of 3,614,119 shares. The stock is currently trading at Rs 54.4, showing a robust rise …
Canara Bank and Zensar Technologies are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 118.60 and Rs 621.30 respectively, their price aligns with positive signals from technical indicators like …
International Expansion Ashoka Buildcon has secured a significant international project through an EPC (Engineering, Procurement, and Construction) Agreement with Serneke International Group AB, Sweden. The project, floated by Baran International Ltd, involves constructing 100 drinking water wells and installing drinking water supply units in 35 villages across Ivory Coast. This project is valued at €18.50 …
Vakrangee Limited, a leading technology-driven company focused on financial inclusion, announced a strategic investment in Vortex Engineering Private Limited (Vortex). This move signifies Vakrangee’s commitment to strengthening its position within the ATM industry. Building a Stronger ATM Ecosystem Vakrangee has entered into a Share Purchase Agreement with Ventureast Funds, acquiring a 2.4% equity stake in …
Indian stock markets staged a strong comeback on Wednesday, erasing losses from the previous day’s plunge. This surge follows the NDA’s commitment to support the alliance in forming a third-term government. Data shows the Sensex, India’s one of the main stock market index, jumped 2,303 points (3.2%) to settle at 74,382. The Nifty 50 also …
Board Approves Fundraising Initiative In a significant move, Zee Entertainment Enterprises Limited (ZEEL) announced that its Board of Directors has given in-principal approval for raising funds up to Rs 2000 crores. The fundraising will be through the issuance of equity shares and/or other eligible securities, potentially including convertible or non-convertible instruments. This capital raising will …
