Aditya Birla Group’s UltraTech Cement announced its intention to acquire a 31.6% stake in RAK Cement Co, a UAE-based company for White Cement and Construction Materials. This acquisition will be executed through UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of UltraTech Cement in the UAE. RAK Cement RAKWCT was established in September …
During Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Ashima Ltd Ashima Ltd surged to a high of Rs 33.95 with a significant traded volume of 21,343,411 shares. It is currently trading at Rs 33.5, up from the previous close of Rs …
On May 28 2024, HLE Glascoat Limited, a company specialising in producing chemical process equipment, filtration, drying, heat transfer, and glass-lined equipment, disclosed its audited financial outcomes for the quarter and fiscal year ending March 31, 2024. In the fourth quarter of the fiscal year 2023-24, HLE Glascoat Limited reported revenue from operations amounting to …
On May 28 2024, J. Kumar Infraprojects Limited (JKIL), a specialised EPC firm with expertise in constructing urban infrastructure projects such as metros, elevated corridors/flyovers, roads, and road tunnels, revealed its audited financial outcomes for the quarter and fiscal year concluding on March 31, 2024. During Q4 FY2024, J. Kumar Infraprojects Limited witnessed growth across …
On May 28, 2024, Dreamfolks Services Limited announced their financial results for FY 2024 and the quarter ended March 2024. In FY 2024, Dreamfolks Services Limited reported revenue of ₹11,350 million, registering a 47% growth. The company declared a final dividend of ₹1.5 per share, bringing the total dividend to 100% of the Face Value. …
On May 27, 2024, Rajoo Engineers Limited informed the exchanges that on May 26, the company and its group entities established Shrutina Nexgen Solar LLP, registered with the Registrar of Companies in Gujarat, as a collaborative venture involving multiple entities. Rajoo Engineers Limited holds a 7% stake in the Shrutina Nexgen Solar LLP. In contrast, …
IIFL Finance has announced an extension of its quarterly earnings release, initially scheduled for May 30, 2024. In a regulatory filing, the company cited an ongoing Special Audit initiated by the RBI as the reason for this delay. The audit, which follows an RBI order, has ordered the engagement of the company’s internal teams, thereby …
On Tuesday, the market experienced a turbulent session, closing lower amid heightened volatility. The Volatility Index (VIX) surged to a two-year high, reflecting the market’s uncertain outlook. The Sensex moderately declined by 0.29% to close at 75,170.46, while the Nifty fell by 0.19%, ending at 22,888.15. Despite the overall downtrend, Nifty Pharma, Nifty Media, and …
Technical analysis identifies Tanla Platforms and Bajaj Auto upside potential stocks. 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 923.80 and Rs 8,936.35 respectively, their price aligns with positive signals from technical indicators like RSI and ADX, suggesting …
The NSE benchmark index Nifty 50 slipped below the mark of 22,900 and was trading down by 0.14% on Tuesday. Most of the sectors were in red with Nifty Realty and Nifty PSU Bank leading at a drop of 2.02% and 1.14%, respectively. Besides this profit booking and weak market breadth, one stock that bucked …
