Technical analysis identifies Narayana Hrudayalaya and Honasa Consumer as 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 1,275.75 and Rs 424 respectively, their price aligns with positive signals from technical indicators like RSI and ADX, …
The Early Years The Godrej story began in 1897 with Ardeshir Godrej, a young Parsi lawyer who turned his entrepreneurial spirit towards manufacturing. In an era dominated by imported goods, Ardeshir defied the odds by establishing a lock factory. His vision of “Swadeshi” (supporting domestic production) resonated with the burgeoning nationalist movement. His innovative, high-quality …
Coal India Ltd is primarily involved in coal mining and production. Its primary clients are in the power and steel industries, with consumers in sectors like cement and fertilizers. Classified as a ‘Maharatna’ enterprise under the Ministry of Coal, Government of India, CIL holds the distinction of being the largest coal producer globally. Financial Performance …
UGRO Capital Limited, a leading DataTech-powered NBFC focused on empowering MSMEs (Micro, Small and Medium Enterprises), announced a significant development on May 2nd, 2024. The company’s Board of Directors approved a strategic capital raise of ₹1,332.66 crore through a combination of Compulsory Convertible Debentures (CCDs) and Warrants. Fueling Growth Ambitions This innovative capital-raising strategy ensures …
Adani Group is the third largest conglomerate in India, headquartered in Ahmedabad. The group has a total market capitalisation of more than Rs.15 Lakh Crores. Six of these Adani Group companies including Adani Enterprises, Adani Ports & Special Economic Zone, Adani Power, Adani Energy Solutions, Adani Wilmar and Adani Total Gas have received show-cause notices …
The Indian Energy Exchange (IEX), India’s leading electricity exchange, released its April 2024 trading data on May 02, 2024, which showcases positive developments across various segments. Overall Volume Up During the month, total volume on the exchange witnessed a YoY growth of 14.1% to 9,044 Million Units (MU). This growth reflects a thriving electricity market …
Thomas Cook (India) Limited, a leading travel and tourism company known for its omnichannel services, announced a strategic expansion in the Mumbai Metropolitan Region (MMR). On May 02, 2024, the company inaugurated two new franchise outlets in Goregaon and Panvel, strategically chosen high-growth markets poised for significant travel demand. Expanding Network These new outlets bring …
The benchmark index S&P BSE 500 opened today at 33,462.68 and made its day high at 33,476.11, and it is trading in green today, up by more than 0.40%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Ajanta Pharma Ltd …
Coromandel International Limited, India’s leading player in agri-solutions, announced a strategic investment in Ecozen Solutions Private Limited (Ecozen) on May 2nd, 2024. This move underscores Coromandel’s commitment to fostering innovation and sustainability within the agricultural sector. Investment Details Subsidiary In Charge: Coromandel International’s wholly-owned subsidiary, Dare Ventures Limited, spearheaded the acquisition of 31,065 preference shares …
One of the world’s leading renewable energy (RE) companies, Adani Green Energy Limited, through an exchange filing dated May 02, 2024, announced that the company had secured USD 400 million in financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of 5 leading international banks. The consortium includes Cooperative …
