Kalyan Jewellers has been on a significant losing streak, with its share price declining over 34% in just 10 trading sessions. On January 16, 2025, the stock tumbled by more than 5%, extending its downward trajectory. The decline has occurred despite the company’s impressive Q3FY25 revenue growth, raising questions about the factors driving investor sentiment. …
Swiggy Limited, a household name in food delivery and quick commerce, is diversifying its portfolio with the incorporation of Swiggy Sports Private Limited. This strategic move reflects Swiggy’s ambition to expand its presence beyond its core business and venture into the sports and recreation sector. The share price of Swiggy has gained over 1% on …
On Thursday, January 16, 2025, shares of Persistent Systems opened higher on the NSE, reaching an intraday high of ₹6,215. The surge followed the company’s announcement of ContractAssIst, an AI-powered contract management solution developed in collaboration with Microsoft. While the stock had gained an impressive 74.78% in CY2024 and 90.90% in 2023, it has lost …
Senco Gold, a BSE Small Cap-listed jewellery retailer, has announced its maiden stock split with a 1:2 ratio. The corporate action is scheduled for 31 January 2025 as the record date. What is a Stock Split A stock split is a corporate action where a company divides its existing shares into multiple units, reducing the …
Rail Vikas Nigam Limited, a leading infrastructure development company, has been awarded a ₹3,622 crore project by BSNL under the BharatNet initiative. The project focuses on Middle Mile Network development, aiming to strengthen India’s digital infrastructure. This significant contract highlights RVNL’s expertise in executing large-scale network projects. Contract Award Details Bharat Sanchar Nigam Limited (BSNL) …
On January 16, 2025, Indian stock markets were trading higher, supported by positive global trends. By 12 PM, the BSE Sensex had gained 280.68 points (0.37%) to reach 77,004.76, while the Nifty50 was up 88.75 points (0.38%) at 23,301.95. As of January 16, 2025, 12:15 PM, the mid-day top gainers and losers are: Mid-Day Top …
Shares of PNC Infratech rose over on December 26 following a favourable order from the Delhi High Court. The court directed the Ministry of Road Transport and Highways (MoRTH) and the National Highway Authority of India (NHAI) to reconsider the company’s disqualification order within 4 weeks, easing concerns over potential business disruptions. High Court Orders …
Ramky Infrastructure Limited has announced the receipt of a Letter of Acceptance (LoA) for a significant ₹215.08 crore project from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The contract highlights the company’s continued focus on the water and wastewater management sector. Key Details of the Project The awarded project involves the manning, operation …
On December 24, 2024, Bharat Petroleum Corporation Limited (BPCL), a state-owned refiner, through an exchange filing revealed that its Board of Directors has approved the initiation of pre-project activities for a greenfield refinery-cum-petrochemical complex on the East Coast of Andhra Pradesh. The estimated cost of the project is ₹6100 crore. Pre-Project Activities The pre-project phase …
Indian markets are likely to be impacted, as indicated by GIFT Nifty futures, which are trading 23 points higher at 23,952. On Tuesday, the Sensex closed 67 points lower at 78,472.87, and the Nifty50 fell 25 points to settle at 23,727.65. Here are the key stocks to watch for the day: Indian Oil Corporation (IOC) …
