On May 29, 2024, the Nifty 50 declined 0.80% and closed at 22,704, and the Sensex dropped 0.89%, closing at 75,502. Top Gainers and Losers On the sectoral front, Nifty Pharma, Nifty Healthcare Index, Nifty Metal, and Nifty Media ended in the green. Meanwhile, Nifty Financial Services 25/50, Nifty Financial Services, Nifty Private Bank, …
Olectra Greentech Ltd., the name that rings a bell with electric buses and stellar stock performance. Over the past year, this stock has surged about 160%, and an astonishing 905% over the last three years. These remarkable returns are a testament to the company’s strategic pivot and relentless innovation in the electric bus (E-Bus) sector. …
On May 29, 2024, Avanti Feeds Limited, through an exchange filing, announced that the Board of Directors had approved the investment of the remaining ₹24.70 Crore in its subsidiary, Avanti Pet Care Pvt. Ltd (APCPL). The said investment is related to the total investment of ₹51.00 Crore, which was approved by the Board on September …
On May 29, 2024, Garware Hi-Tech Films Limited (GHFL), renowned for its production of Paint Protection Films (PPF), Solar Control Films (SCF), and various speciality polyester films, disclosed its financial outcomes for the quarter/year ending on March 31, 2024. Consolidated Quarterly Performance Garware Hi-Tech Films Limited achieved its highest Profit After Tax (PAT) for Q4 …
On May 29, 2024, Newgen Software Technologies Limited announced the launch of LumYn, a groundbreaking Gen AI-powered hyper-personalisation platform designed particularly for the banking sector. This innovative growth intelligence platform is set to enhance profitability and significantly enhance bank customer experiences worldwide. The company stated that in the current financial landscape, customers expect personalised service …
HCL Technologies Limited (HCLTech) informed the stock exchanges that it has added generative AI (GenAI) capabilities to its Maintenance, Repair and Overhaul (MRO) solution, iMRO/4. This addition is to help enterprises enhance the performance and efficiency of complex, high-value assets across various industries, such as technology, transportation, defence, energy, and aerospace. HCLTech will launch a …
Blue Dart, South Asia’s leading express logistics company, announced a major expansion of its electric vehicle (EV) fleet. This strategic initiative highlights Blue Dart’s unwavering commitment to environmental responsibility and its ambitious goal of achieving net-zero carbon emissions. EVs Powering Sustainable Logistics The expanded fleet now boasts over 480 electric vehicles, poised to significantly reduce …
On May 29, 2024, Popular Vehicles & Services Limited (PVSL), one of India’s leading fully integrated automotive dealership players, released its results for the quarter and year ended March 31, 2024. Quarterly Performance During the quarter ended March 31, 2024 (Q4 FY2024), the company recorded a 4.6% growth in total income to ₹1,372 crore, and …
Adani Enterprises Limited (AEL), a prominent Indian conglomerate, announced a strategic expansion within its infrastructure sector through its joint venture company, AdaniConneX Private Limited (ACX). A filing submitted to the stock exchanges confirmed the completion of ACX’s acquisition of a 100% stake in Terravista Developers Private Limited (TDPL). Acquisition Rationale and Future Plans The primary …
The Indian equity market is reeling under selling pressure with NSE Nifty 50 and BSE Sensex trading down by over 0.50% on Wednesday. The sell-off was led by banking stocks and Reliance Industries. Meanwhile, the broader market indices were relatively outperforming the frontline indices with Nifty Midcap 100 down by 0.09% and Smallcap 100 up …
