Aditya Birla Group’s flagship company, UltraTech Cement Limited is becoming a powerhouse in the cement industry capturing most of the market with its rapid expansion, right now UltraTech is the largest manufacturer of grey cement and ready mix concrete (RMC) in India, additionally, it is also one of the largest manufacturers of white cement in …
Thursday’s trading session promises to be an intriguing one, with more than just the usual market dynamics at play. Not only are we witnessing a handover of positive cues from Wall Street, but there’s also significant buzz surrounding revisions to circuit limits for numerous stocks on the Bombay Stock Exchange (BSE). Stock Name Existing Price …
On April 3rd, 2024, SJVN Limited, a leading hydropower company in India, signed a momentous Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna). This collaboration marks a significant step forward for SJVN, aiming to revolutionise their tunnelling projects through the power of advanced geological models. The ultimate objective of the …
HDFC Bank, India’s largest private sector lender, has reported a business update for the quarter ended March 31, 2024. The bank’s performance was buoyed by the merger with erstwhile housing finance giant HDFC Limited, which was completed on July 1, 2023. Lending Growth The bank’s gross advances stood at a staggering Rs 25,080 billion as …
Power Finance Corporation Ltd. (PFC), a stalwart in the power sector and a Maharatna Central Public Sector Enterprise, recently made headlines by paying out a staggering Rs. 2,033 crores as an interim dividend to the Government of India. This hefty payout, marking the third interim dividend for the financial year 2023-24, further solidifies PFC’s position …
On Wednesday, the Sensex and Nifty didn’t change much, but the Midcap Index reached its highest point ever. The Sensex fell slightly by 0.04%, closing at 73,876.82, and the Nifty also dropped by 0.08%, closing at 22,434.65. Among sectors, Nifty PSU Bank, Nifty IT, Nifty Media, and Nifty Financial Services performed well, while Nifty Realty, …
Today, the NALCO share price zoomed over 5.09%. Additionally, the stock hits a fresh 52-week high mark of Rs 176.20 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 9.40 times. The company’s current market capitalization stands at Rs 32,067.59 crore. Share Performance: On Wednesday, the stock opened at Rs …
These three equities’ volume gained significantly during Wednesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Yes Bank Ltd The stock of Yes bank saw a significant increase in price and volume, indicating heightened trading activity. This bounce back showing stock price started to rise again with higher volume on up days, …
India’s Robust M&A Landscape While developed economies face stagnation, India’s economic growth forecast for FY24 remains robust at 6% to 7%, exceeding the 2% or less projected for many developed markets. This positive outlook is reflected in the Indian M&A market. Following a record-breaking year in 2022, deal activity witnessed a slight slowdown in FY24. …
Indian benchmark indices have rebounded from the initial knee-jerk reaction, with Nifty 50 trading above the 22,400 mark. This recovery is spearheaded by heavyweights such as TCS, HDFC Bank, and Infosys. Interestingly, the broader markets continue to outperform, with Nifty Mid-cap and Small-cap trading higher by 0.17% and 0.67%, respectively. Brahmaputra Infrastructure Ltd. Hits Upper …
