In the recent quarter marked by new fresh record highs and foreign investor inflows, some Foreign Institutional Investors (FIIs) saw opportunity in beaten down stocks. This article discusses about four such companies where FIIs increased their holdings by more than 5% during the last quarter. These companies, all with a market capitalization exceeding Rs 5,000 …
Radico Khaitan and Mahindra & Mahindra are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising technical setup, including price volume action and a potential to bounce back and breakout. Currently trading at Rs 1,626.70 and Rs 1,843 respectively, their price structures align with positive signals from technical indicators like …
K.P.R. Mill Ltd. is a leading player in the textile industry, specializing in the manufacturing and sale of textiles. Founded in 1984 and headquartered in Coimbatore, India, the company boasts a diverse product portfolio including yarn, knitted fabric, readymade garments, and wind power. With a strong presence in the market, K.P.R. Mill has established itself …
Divergence is a technical indicator that signals a possible trend reversal. It occurs when the price movement of an asset and the readings of a technical indicator don’t confirm each other. There are two main types of divergences: bullish divergence and bearish divergence. A bullish divergence indicates a possible trend reversal from a downtrend to …
On Monday, the Board of Directors of L&T Finance Holdings Ltd agreed to raise up to ₹1.01 lakh crore via Non-Convertible Debentures(NCDs) in one or more tranches. Details of the Fundraising On March 18, 2024, L&T Finance Holdings Ltd stated in an exchange filing that the company’s board approved raising funds not aggregating up to …
Indian equities, especially smaller companies, have experienced a significant correction in recent weeks. In February 2024, the BSE Small Cap Index reached a record high. However, by mid-March 2024, the index had fallen by over 14%. This widespread decline erased gains made earlier in the month and extended a correction that began in February. Impact …
Delhi International Airport Limited (DIAL), the operator of the Indira Gandhi International Airport (IGIA), is gearing up for an ambitious growth plan. DIAL is currently engaged in discussions with bankers about raising up to $350 million in debt issuance. However, the exact nature of fundraising has yet to be determined. The funds raised will be …
On March 18, 2024, the Supreme Court rejected a miscellaneous application filed by Adani Power Rajasthan, which aimed to recover ₹1,376 crore in the late payment surcharge from Jaipur Vidyut Vitran Nigam. Supreme Court Dismisses Adani Power’s Application On Monday, Adani Power’s plea to recover from Jaipur Vidyut Vitran Nigam was dismissed by the Supreme …
On Tuesday, March 19, 2024, Dr. Reddy’s Laboratories stated in an exchange filing that the company had launched Versavo (bevacizumab) in the UK market. This is the first biosimilar product of Dr. Reddy’s to be approved and launched in the UK market. Introduction of Versavo in the UK Market The Indian multinational pharmaceutical company informed …
About the partnership EaseMyTrip and Zoomcar have entered into strategic partnership to offer customers unparalleled convenience in their travel arrangements. With this partnership, Zoomcar’s wide range of self-drive cars have been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travelers convenience and flexibility in …
