The Indian stock market has witnessed a remarkable phenomenon in recent years: the phenomenal rise of Public Sector Undertakings (PSUs). These state-owned companies, often considered slow-moving giants, have defied expectations and delivered stellar returns to investors. Let’s delve into the numbers. Companies Surging by Over 500% The below table highlights the impressive performance of several …
Expansion Through EPC Oriana Power Ltd has secured a significant contract to supply a 3MWp turnkey solar power plant under the Engineering, Procurement, and Commissioning (EPC) segment. Valued at Rs 14.88 crore, this project marks Oriana’s entry into the state of Goa and the shipping industry. The Mormugao Port Authority, which entrusted Oriana Power with …
These three equities’ volume gained significantly during Wednesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. NMDC Steel Ltd The stock of NMDC Ltd saw a significant increase in price and volume, indicating consolidation and breakout soon scenario. This NR7 activity is indicating squeezed price action and lesser volume on red days further …
On Wednesday, the stock market stayed mostly unchanged after a day of trading where prices moved within a narrow range. The Sensex, a key index of the Bombay Stock Exchange, increased by 0.12%, closing at 72,101.69 points, while the Nifty, another important index, rose by 0.16% to close at 21,839.10 points. Some of the top-performing …
Oberoi Realty and Tata Steel are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising technical setups, including price volume action and the potential to bounce back and break out. Currently trading at Rs 1,383.80 and Rs 145.65 respectively, their price structures align with positive signals from technical indicators like …
On February 28, 2024, NSE made a significant announcement regarding the inclusion of Indian Renewable Energy Development Agency Limited popularly known as IREDA in various key indices such as Nifty 500, Nifty Midcap 150, Nifty Midcap 100, and so on with effect from March 28, 2024. However, recent developments have led to an unexpected twist. …
Tata Steel, a leading Indian steel producer, recently announced a significant move to raise funds. On March 19, 2024, the company’s board approved the issuance of non-convertible debentures (NCDs) worth ₹2,700 crore, indicating a strategic step to strengthen its financial position. The company will issue 2,70,000 NCDs of face value ₹1,00,000 each. Debentures: A Tool …
The Indian health insurance industry is experiencing a growth spurt. However, amidst this positive trend, a concerning development casts a shadow on Star Health Insurance, once the undisputed leader. Market Share Expansion The past year has seen a significant rise in the market share of standalone health insurance companies. This signifies a growing awareness among …
On Tuesday, Rushil Decor Ltd (RDL), which is one of the leading companies in the Laminate and Medium Density Fibre (MDF) panel boards industry in India, informed in an exchange filing that a subsidiary company of RDL in the name of “Rushil Modala Ply Limited” has been incorporated on March 19, 2024. Details of the …
Bengaluru-based startup Minus Zero has joined forces with Ashok Leyland, a leading vehicle manufacturer under the Hinduja Group, to revolutionize commercial trucking with autonomous solutions. The partnership aims to deploy autonomous driving technology at scale, starting with solutions for ports, factories, and corporate campuses, with future plans to expand into long-haul trucking. Transforming Trucking with …
