Technical analysis identifies ICICI Lombard General Insurance and Indian Hotels as 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 1,680.75 and Rs 573.35 respectively, their price aligns with positive signals from technical indicators like RSI …
On May 6, 2024, HCL Technologies Limited informed the stock exchanges that the company had entered into a strategic partnership agreement with Amazon Web Services (AWS) to accelerate GenAI-led enterprise digital transformation. The company stated that, together with AWS, it will assist companies in analysing and developing GenAI-led use cases, proofs of concept, tools, and …
India’s leading conglomerate, Reliance Industries Ltd, known for its innovative product launches, has already secured a leading position in the telecom industry with Jio and now, it’s venturing into the consumer electronics space with ‘Wyzr’ under its subsidiary, Reliance Retail, showcasing a firm dedication to expand its product portfolio. Product Portfolio Expansion Wyzr made its …
Tata Technologies is an Indian Multinational Tata Group Company that provides services in engineering and design, product lifecycle management, manufacturing, product development and IT service management to aerospace original equipment manufacturers. It was recently listed in the Indian markets, The stock of Tata Technologies is down by 4% today amid muted results for Q4 FY …
Ashok Leyland, one of the largest commercial vehicle manufacturers, plans to launch six new light commercial vehicles in the next 12 months. This new rollout is part of their plan to grow their light commercial vehicles (LCV) market share from the current 20% to 25%. Amandeep Singh, who heads the international business at Ashok Leyland, …
In May, Rallis India Limited announced a significant development in the company. Rallis India, a Tata Group company, announced that they established an automated 8,000 Metric Ton Water Soluble Fertiliser (WSF) plant in Akola, Maharashtra. Rallis India, a leading player in the Indian Agri inputs industry, stated that this strategic initiative highlights the company’s commitment …
REC Limited, a leading public-sector NBFC under the Ministry of Power in India, has secured a significant nod of approval. The Reserve Bank of India (RBI) granted REC a ‘No Objection Certificate’ to establish a wholly-owned subsidiary at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar, Gujarat. This move signifies REC’s strategic expansion into GIFT …
The domestic indices displayed resilience, thanks to robust gains in information technology and banking sector stocks. However, broader indices faced heavy selling pressure, particularly affecting lending companies like Power Finance Corporation Ltd, REC Ltd, IREDA Ltd following the RBI’s tightening of rules for lending. At 10:55 am, the BSE Sensex surged 0.39% reaching a level …
The benchmark index S&P BSE 500 opened today at 33,242.19 and made its day high at 33,244.57, and it is trading in red today, down 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. Rainbow Children’s Medicare …
On Monday, the benchmark indices were trading in the green with the Sensex up around 260 points or 0.35% at 74,137, while the Nifty-50 was up around 24 points or 0.13% at 22,507. About 1,209 shares have advanced; 2,384 declined and 206 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
