The Indian stock market boasts a diverse landscape, and within it lies a category known for its stability and reliability – government stocks or Public Sector Undertakings (PSUs). These companies, often giants in essential sectors like power, banking, and infrastructure, have long been a mainstay for investors seeking meaningful returns. However, picking the “best” PSU …
On July 10, 2024, Samvardhana Motherson International Limited (SAMIL) had its long-term bank facilities and corporate credit rating upgraded to AAA/Stable, the highest possible rating, from AA+/Positive by CRISIL. The short-term bank facilities rating of A1+ has been reaffirmed. Particulars Revised Rating Previous Rating Long Term Rating CRISIL AAA/Stable CRISIL AA+/Positive Non-Convertible Debentures CRISIL AAA/Stable …
Diverse Operations Across India NLC India operates lignite and coal mines and thermal power stations in Neyveli and Tuticorin (NTPL) in Tamil Nadu, Barsingsar in Rajasthan, and Odisha. The company supplies power to state utilities in Tamil Nadu, Telangana, Rajasthan, Andhra Pradesh, Kerala, Karnataka, and the Union Territory of Puducherry. Significant Mining and Power Generation …
Rail Vikas Nigam Ltd (RVNL), a multi-bagger stock in the Indian market, has been on a tear in recent trading sessions. In just five days, the share price has surged a remarkable 54%, reaching a fresh record high of ₹643.95 on July 11, 2024. This rapid ascent has propelled RVNL to the forefront of investor …
On July 10, 2024, Westside, part of the esteemed Tata family, announced via a stock exchange filing that it had opened a new store in Faridabad to inspire fashion lovers. Located at Westside, Amolik City Centre, Sec 28, near metro pillar 624, Faridabad, Haryana-121008, this store spans 22,255 sq ft. It showcases a wide range …
On July 10, 2024, Tata Elxsi announced strong Q1 FY25 results, with revenue growing 2.4% quarter-on-quarter (QoQ) in constant currency terms. The company reported operating revenue of ₹926.5 crore, reflecting a 2.3% QoQ and 9.0% year-on-year (YoY) growth. The operating (EBITDA) margin stood at 27.2%, while the net margin (PBT) was 26.3%, with a profit …
Ahluwalia Contracts (India) Limited has recently secured several significant orders, underscoring its strong market presence and ability to win high-value projects. One of the notable contracts awarded by the Airports Authority of India involves the construction of a new terminal building and allied works at Lal Bahadur International Airport, Varanasi, on an Engineering Procurement and …
On July 11, 2024, Global Surfaces Ltd (GSL) announced in a stock exchange filing that its wholly owned subsidiary, Global Surfaces FZE (GS FZE), had entered into a License Agreement on July 10, 2024, with SQIP, LLC, a Florida-based limited liability company (Licensor), and Veegoo Technology Co. Ltd (Veegoo). The agreement aims to develop, produce, …
On July 11, 2024, Sprayking Limited, previously known as Sprayking Agro Equipment Limited, announced through a stock exchange filing its successful utilisation of recycled waste copper alloy scrap to manufacture high-quality copper alloy components at its newly established factory located at Jamnagar, Gujarat. In the past three months, Sprayking Limited has maintained a clean compliance …
On July 10, 2024, Meson Valves India Limited, known for its expertise in manufacturing and servicing valves across various industries, announced a Share Purchase Agreement with Milindpra Castings Private Limited. Meson will acquire 7,033 shares of Milindpra Castings for ₹70,330, priced at ₹10 per share. Milindpra Castings, a newly established company in the metal casting …
