Stocks/Share Market - Angel One

Voltas Share Price Declines Below 20-DMA On October 17, the share price of Voltas witnessed a decline of over 2%, slipping below its 20-day moving average (DMA) of Rs 1,843.81. Despite this dip, the stock is still trading above a key gap area from the last trading session, providing some technical support. Additionally, Voltas remains …

Havells India Ltd. reported a 9.5% increase in net profit for the second quarter of FY25, ending on September 30, 2024. The company’s net profit stood at ₹273 crore, compared to ₹249 crore in the same period the previous year. This solid performance was accompanied by a 16% rise in revenue, with the company reporting …

Nestle India reported a 1.5% decline in domestic volumes for the second quarter of FY25, reflecting the impact of softer consumer demand across key segments. This figure aligns with expectations, as analysts had predicted volume growth from 1% to 2%. Despite this decline, Nestle India’s net profit for the quarter, covering the period from July …

Hi-Tech Pipes Limited has announced the commencement of 5 MW of captive green power utilisation, underscoring its commitment to sustainability through innovative energy solutions. This initiative harnesses energy from a combination of rooftop solar installations and open access agreements, reinforcing the company’s leadership in environmentally responsible manufacturing. The new development includes 3 MW sourced from …

The government’s recent 5% share sale in Cochin Shipyard has sparked notable market reactions, especially regarding the share price, which became a focal point for both institutional and retail investors. Institutional Investors Oversubscribe OFS On October 16, 2024, institutional investors oversubscribed the government’s Offer for Sale (OFS). The government had initially offered 59.19 lakh shares, …

Ircon International’s Share Price Jumps 2% Amid Market Selloff Following MoU Announcement In a market experiencing sharp selling pressure, with frontline indices down between 0.34% to 0.48%, Ircon International’s share price has jumped by about 2%. The rally follows the announcement that the company has entered into a Memorandum of Understanding (MoU) with Patel Engineering …

Oriana Power Ltd. just bagged a massive Rs.375 crore deal with the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to build a 75-megawatt (MW) solar power plant. This isn’t just another solar project, it’s part of the government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme, aimed at boosting renewable energy, with a …

Bikaji Foods International Ltd., one of the country’s leading Indian snacks brands, has announced expansion into the Quick Service Restaurant (QSR) segment. On Wednesday, the company confirmed plans to acquire a 53.02% stake in Hazelnut Factory Food Products Pvt. Ltd., a café-cum-artisanal sweets brand based in Lucknow. This investment is valued at Rs.131.01 crore and …

Reliance Industries Ltd. (RIL) has announced October 28, 2024, as the record date for its 1:1 bonus share issue. This means that shareholders holding RIL shares as of this date will receive one additional share for every share they own. The bonus issue was initially revealed during RIL’s annual general meeting on August 29, 2024, …

Crisil reported a 13% year-on-year increase in consolidated net profit, reaching ₹171.55 crore for the third quarter, compared to ₹152 crore in the same period the previous year. The company’s revenue also showed a healthy growth of 8%, rising to ₹833 crore from ₹771.84 crore year-on-year. The strong financial performance was supported by a 16.7% …