On July 8, 2024, GRM Overseas Limited announced in a stock exchange filing that it had signed an agreement with DIPLOMAT GEORGIA to distribute its brand of basmati rice, ‘Tanoush,’ through Diplomat’s distribution channels. ‘Tanoush’ basmati rice will be offered in 1kg, 5kg, and 20kg packs. Under the agreement, Diplomat Georgia will serve as the …
Bank lending in India slowed in the June quarter compared to the same period last year. This likely reflects a cautious approach by businesses in the lead-up to the national elections. Data from the Centre for Monitoring Indian Economy (CMIE) recorded incremental loan growth for the fiscal year up to June 14th stood at Rs …
The Adani Group is betting a massive $9 billion on becoming a global leader in green hydrogen production. This ambitious plan, crucial to the company’s future and India’s clean energy transition, aims to establish Adani as a major exporter of the world’s cheapest green hydrogen. Key Points Investment and Capacity: Adani will invest $9 billion …
The Securities and Exchange Board of India (SEBI) recently proposed a new measure to enhance mutual fund transparency: mandatory disclosure of the information ratio (IR). This aims to give investors a clearer perspective on fund performance, but some experts worry it might create information overload for retail investors. The Information Ratio: Beyond Outperformance The IR …
On Friday, benchmark indices concluded the last trading day of the week on a mixed note. The market cap of BSE-listed companies hit a record high of Rs 450 lakh crore, with Reliance Industries surging to a record high amid reports related to Jio’s IPO. The Sensex declined by 0.07% and closed below the 80,000 …
During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Yes Bank Ltd Yes Bank Ltd is showing strong momentum today, currently trading at Rs 26.67, up 11.36% from its previous close of Rs 23.95. The stock has a high of Rs 27.04, …
Indian benchmark indices have kicked off the fresh week on a buoyant note with Nifty and Sensex trading up by 0.38% and 0.43%, respectively. The broader markets are also witnessing buying interest in the early deals with Nifty Midcap and Nifty Smallcap, trading higher by 0.38% and 0.29%, respectively. Talking about airline stocks, they have …
The scrip is currently trading above its 200-day Exponential Moving Average (EMA) by bouncing from the same, suggesting a potential investment opportunity due to impressive fundamentals. The stock boasts a Piotroski score of 9 and a G factor of 4, with an 18.02% decline from its all-time high. Analysing the chart, it’s evident that the …
Hidden gems: Low debt and attractive valuation stock to keep on your watchlist! In the stock market, small-cap companies often emerge as hidden gems, offering unique investment opportunities. Here, we delve into the financial prowess of five such companies, each with a market capitalisation below Rs 1,000 crore, debt-to-equity ratios under 0.5, price-to-earnings ratios below …
After a week of gains of more than 2%, the market continued to be “happy” in the new year, with purchases across the board fueled by power and real estate sectors, as well as mid-cap companies. As of Friday, the Sensex was at 61,223.03 points and the Nifty was at 18,255.8 points, respectively. By comparison, …
