Stocks/Share Market - Angel One

On April 23, 2024, Summit Securities Limited informed in an exchange filing that the company’s wholly-owned subsidiary, Instant Holdings Limited, had entered into an agreement with Kojak Knits Private Limited. Details of the Agreement  Instant Holdings Limited has signed an agreement or Memorandum of Understanding (MOU) with Kojak Knits Private Limited to sell Instant Holdings’ …

Leading global pharmaceutical company Lupin Limited (Lupin) recently announced positive news regarding their Aurangabad manufacturing facility in India. The company has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) following an inspection conducted from March 6th to March 15th, 2024. The US FDA classification of “Voluntary Action …

IIFL Finance Ltd, a diversified non-banking financial company (NBFC) in India, provides a range of financial services through its subsidiaries. It offers various products including gold loans, business loans, home loans, microfinance, capital market finance, construction finance, etc. It is a listed company with a market cap of Rs.17,539 Cr. Additionally, it is among the …

The Tata Group Company reported its fourth-quarter results on Tuesday, April 23 reporting a drop of about 22.5% in net profit to  Rs.267.7 crores which is below estimates. Though there is a rise in revenue. Breakdown of Results Tata Consumer Products in the fourth quarter has reported a rise of 8.5% in its revenue from …

On Wednesday, the benchmark indices were trading in the green with the Sensex up around 270 points or 0.36% at 74,008, while the Nifty-50 was up around 71 points or 0.31% at 22,439. About 2,204 shares have advanced; 814 declined and 115 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …

Dr. Reddy’s Laboratories Ltd., a leading pharmaceutical company, announced a voluntary nationwide recall of six (6) specific lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg. This recall is due to powder discolouration observed in some packets, which could decrease the medication’s potency. Cause of the Recall The issue with powder discolouration was discovered …

Nifty Performance on Tuesday On Tuesday, the Nifty index formed an “open=high” candle, indicating that the day’s opening price was almost the same as the day’s high. Despite an initial surge, profit-taking at higher levels led to the index closing approximately 80 points below its peak. However, it ended the day with modest gains of …

On April 23, 2024, Nifty 50 and Sensex rose 0.14% and 0.12% to 22,368 and 73,738, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹3,044 crore, while domestic investors bought shares worth ₹2,918 crore.  Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty FMCG, Nifty Consumer Durables and Nifty Media closed in …

ArcelorMittal Nippon Steel India Ltd., a joint venture between global steel giants, is in discussions with banks to secure approximately Rs 8,336.72 crores or USD 1 billion in funding, sources familiar with the matter revealed. The proposed loan, aimed at financing the company’s expansion, would mark the largest rupee-denominated loan in India this year if …

On Tuesday, the market saw its third consecutive session of gains but closed below its peak levels. The Sensex recorded a marginal increase of 0.12%, reaching a closing level of 73,738.46, while the Nifty also saw a gain of 0.14%, closing at 22,368. The Volatility Index experienced a significant slide of 20%, marking its largest …