Shares of Power Mech Projects Limited gained about 3% today, hitting a fresh 52-week high. The stock has witnessed heavy buying activity from investors. Power Mech Projects Limited has received multiple new orders worth Rs. 644.91 crores. The company’s first order secured is a major contract worth Rs 381.34 crore from Rail Vikas Nigam Limited …
A dividend is the amount from a company’s profits that is distributed among its shareholders. It serves as an incentive for investors to put their money into a company’s stock. Dividend distribution has a dual effect. On one hand, it can boost the stock price in the short term as the additional cash flow attracts …
Today, Indian benchmark indices reflected weak investor sentiment, marked by notable selling pressures in the capital goods, metals, and energy sectors. However, the BSE Auto Index stood out, reporting gains amidst the broader market downturn. At 10:50 am, the BSE Sensex plunged 0.70% reaching a level of 72,950. The Nifty 50 index tumbled 0.73% to …
The benchmark index S&P BSE 500 opened today at 32,762.61 and made its day high at 32,762.61, and it is trading in red today, down by around 0.30%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Jupiter Wagons Ltd Shares …
Tata Power Company Limited is India’s largest integrated power company, The company reported its earnings for Q4 FY 2023-24 yesterday with a rise of 11.4% in the net profits, despite this jump in net profits the stock is currently trading down by -2.65% from its previous day closing price as the streets are thinking that …
Wipro Limited, a leading global technology services and consulting company, announced a strategic collaboration with Kognitos Inc., a leader in Generative AI (GenAI) automation, on May 08, 2024. This partnership signifies a joint commitment to delivering innovative enterprise-ready business automation solutions powered by GenAI technology. Dual Collaboration: Strategic Partnership and Investment The collaboration encompasses two …
Yesterday, the Reserve Bank of India (RBI) lifted the restriction it had placed on the Bank of Baroda (BoB) regarding onboarding new customers through its mobile app ‘Bob World’. This decision comes over six months after the RBI initially imposed the restriction in October 2023 due to significant supervisory concerns. RBI’s Initial Curbs Utilizing its …
L&T is an Indian Multinational Company engaged in EPC projects, Hi-Tech Manufacturing and services, It is one of the largest companies in India with a market capitalisation of more than Rs.4.5 Lakh Crores, Yesterday the company reported its Q4 results which were in line with but the weak guidance from the management has shifted the …
Company Overview Chalet Hotels Ltd., founded on January 6, 1986, operates as a prominent player in the hospitality industry in India, with additional interests in real estate and retail. Headquartered in Mumbai, the company’s main business segment involves hotel operations, complemented by residential real estate sales and commercial property leasing. Market Performance and Technical Analysis …
Entero Healthcare Solutions Limited (Entero), a leading player in the Indian pharmaceutical distribution landscape, announced a strategic move to expand its reach on May 6, 2024. The company’s Board of Directors approved the acquisition of a significant stake in Avenir Lifecare Pharma Private Limited (ALPPL). Acquisition Details Entero has entered into definitive agreements to acquire …
