In recent times, there has been a notable surge in Foreign Institutional Investors (FIIs) showing greater interest in small-cap stocks, particularly those with a market capitalization below Rs 5000 crore. A closer examination of the top 10 stocks displaying significant growth in FII holdings, in terms of percentage, compared to their five-year average, reveals intriguing …
United Breweries Limited (UBL) is a leading company in the breweries and distilleries industry that operates in the production and distribution of beer and non-alcoholic drinks. The company markets its offerings primarily under renowned labels like Kingfisher and Heineken. Financial Performance United Breweries Limited (UBL) reported a consolidated net profit of Rs 81.55 crore for …
On May 7, 2024, Patel Engineering Limited informed in an exchange filing that the Office of the Executive Engineer, Government of Maharashtra, has announced the company, along with its Joint Venture Partner, as Lowest (L1) for a ₹342.76 crore contract. The work involved in this contract is the construction of the water lifting arrangement for …
On May 7, 2024, LTIMindtree Limited informed the exchanges that it is collaborating with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India. This co-innovation centre aims to combine the power of the IBM watsonx AI and data platform with LTIMindtree’s engineering skills. Open innovation drives the growth of enterprise …
On May 8, 2024, RattanIndia Enterprises Limited informed the stock exchanges that its electric mobility arm, Revolt Motors, revealed new pricing for its popular RV400 and RV400 BRZ models, making them even more affordable than ever. The ex-showroom price of the RV400 model now starts at ₹1,49,950. It offers excellent value to riders looking for …
On May 7, 2024, Tata Elxsi informed the stock exchanges that it has partnered with Arm, a global semiconductor design and software platform company. Together, the companies aim to offer advanced solutions on the latest Arm® processors, expediting Automotive OEMs’ and Tier-1s’ transition to software-defined vehicles (SDVs). The automotive landscape is shifting towards software-defined vehicles …
The domestic indices sustained their downward trend, affected by significant losses in the information technology, auto, banking, and financial services sectors. Furthermore, broader indices relinquished some of the gains made earlier in the trading session, reflecting the prevailing market weakness. Energy, power and utilities sectors showed resilience amidst the overall weak investor sentiment. At 10:45 …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 175 points or 0.25% at 73,340, while the Nifty-50 was down around 31 points or 0.14% at 22,272. About 2,121 shares have advanced; 1,256 declined and 153 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On May 8, 2024, GTPL Hathway Limited informed the stock exchanges about the launch of Linear Television content on Connected TVs via TVKey Cloud, a joint solution developed by NAGRA and Samsung. The company stated this is a significant milestone for them as it unlocks new opportunities for viewers to access linear content. The service …
A Big Week for Oil Refining Companies Indian oil refining and fuel marketing giants, Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), have announced key developments that could bring excitement to their shareholders. Both companies are set to hold board meetings on May 9 to discuss the issuance of bonus shares. What …
