Technical analysis identifies LIC Housing Finance and KPIT Technologies upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 653.25 and Rs 1,535.45 respectively, their price aligns with positive signals from technical indicators like RSI and ADX, …
In a significant development, Kirloskar Industries Limited (KIL) has emerged victorious in a legal battle against Kirloskar Brothers Limited (KBL). The National Company Law Tribunal (NCLT) issued a landmark order on May 21, 2024, upholding KIL’s claims of mismanagement and lack of transparency within KBL. Tribunal Findings Mismanagement and Lack of Transparency: The NCLT confirmed …
In the past few weeks, Zee Entertainment Enterprises Limited (ZEEL) has been focused on restructuring its business, reducing costs, and enhancing its EBITDA margins. However, a significant development has come up in its deal with Sony Pictures Networks India. Following Sony’s decision to abandon a proposed $10 billion merger, Zee, led by Punit Goenka, has …
KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat-based Renewable power generating company. Incorporated in February, 2008. The KPI Green Energy stock has given multi-bagger returns over the past year. KPI Green Energy Board Approves Split KPI Green Energy Ltd. has announced …
Most Profitable Companies in India for FY24 Reliance Industries Limited (RIL) has emerged as the most profitable company in India for the financial year 2023-24, with a net profit of Rs 79,020 crore. This remarkable performance solidifies its position at the top of the corporate profitability rankings in India. Following closely is HDFC Bank Limited, …
On May 23, 2024, Delhivery Limited informed the stock exchanges that the company had partnered with SUGAR Cosmetics for Pan-India B2B shipments. Delhivery, India’s largest integrated logistics service provider, will drive the pan-India end-to-end B2B operations for the prominent beauty brand SUGAR Cosmetics, further strengthening their relationship. Delhivery has been a long-standing partner for SUGAR …
On May 23, 2024, prominent airline company SpiceJet announced in a stock exchange filing that it will upgrade its daily Delhi-Bangkok flight to a wide-body Airbus A340, replacing the narrow-body Boeing 737. This upgrade will expand the seating capacity to 324 passengers per flight on the route, catering to the high demand during the holiday …
The Indian stock market witnessed a historic moment as the NSE benchmark Nifty 50 index soared past the 22,800 mark for the first time ever. This remarkable achievement was driven primarily by strong performances in the banking sector, with the Bank Nifty index surging nearly 1.5%, hovering close to the 48,500 mark. However, amidst this …
On May 23, 2024, Saregama, an RPSG Group company, announced its results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. Quarterly Performance Operating Revenue for the company in Q4 FY24 was ₹2,631 million, expanding at a rate of 29% YoY and QoQ. The adjusted EBITDA of ₹864 million showed a 40% …
PNC Infratech is a well-known infrastructure company, specializing in various projects such as highways, airport runways, bridges, and power transmission ventures. The company offers end-to-end infrastructure solutions, including EPC services on a fixed-sum turnkey basis. PNC Infratech Wins Bid for Maharashtra Road Projects PNC Infratech has secured the position of the lowest bidder (L1) for …
