Ashok Leyland is set to unlock the full potential of its vehicle finance arm, Hinduja Leyland Finance (HLF), through a reverse merger with NXTDigital, a listed media company within the Hinduja Group. The company aims to complete this process by the end of the current financial year. Dheeraj Hinduja, chairman of Ashok Leyland, emphasised the …
On July 26, 2024, Piramal Pharma Limited announced its unaudited financial results (both standalone and consolidated) for the quarter ending June 30, 2024. Key Highlights for Q1 FY25 In the first quarter of FY25, Piramal Pharma saw a 12% year-over-year increase in revenue from operations, primarily due to strong growth in the CDMO sector and …
On July 25, 2024, Glenmark Life Sciences Limited, a top producer of specialised, high-value APIs for chronic diseases, released its financial results for the quarter ending June 30, 2024. Financial Highlights For Q1 FY25, Glenmark Life Sciences reported revenue of ₹5,886 million, up 9.7% from the previous quarter and 1.8% from the same quarter last …
Tech Mahindra announced its Q1FY25 results yesterday, with net profit reaching Rs.851.5 crore, reflecting a significant y-o-y boost of 23% and a sequential rise of 28.8%, this surge was anticipated by analysts due to a low base in Q4FY24. Despite the positive results, Tech Mahindra’s shares dropped by over 4% in early trading today, coming …
On August 06, 2024, the benchmark indices Nifty 50 was down 0.26% to close at 23,992.55, and Sensex was down 0.21% to close at 78,593.07. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty IT, Nifty Metal, and Nifty Media gained, while Nifty Financial Services 25/50, Nifty PSU Bank, Nifty Financial Services, and …
https://www.angelone.in/stocks/large-cap-stocksMid cap stocks and small cap stocks have had a dream run in the last 3 years. To be more precise, the run in mid caps and small caps began with the crash in oil prices beginning 2014. For 3 consecutive years, the mid caps and the small caps vastly outperformed the large caps. There …
Bonus shares are an opportunity for investors to bolster their equity portfolio with additional stocks. Sometimes companies need more funds to issue dividends despite earning good profits. Instead, they announce bonus shares to investors. These shares are issued to existing shareholders without additional costs based on the number of shares held by the investor. In …
In a recent survey, we asked our investors if they think the Indian stock market is expensive. Sixty-five percent of investors said the Indian market is more expensive than the other emerging markets. So, we have decided to break it down to understand the real reasons. Here is our thought on expensiveness of Indian markets …
Back in 1997, Havells was a largely unknown company in the electrical goods space.Had someone invested Rs 10,000 in Havells in 1997, it would be worth Rs 3.50 crore today. Of course, that would have been hard to envisage back in 1997 but that is what mid-cap stories are all about. You buy them for …
A Closer Look The Midcap Select Index from Nifty focuses on tracking a portfolio of 25 stocks in Nifty Midcap’s 150 index and how they perform. NSE also mentioned in its statement that every stock that an index constitutes is also available in derivatives. Additionally, their weight depends on the method of free-float market capitalization. …
