JM Financial, a prominent player in the financial sector, recently faced a severe setback when the Reserve Bank of India (RBI) barred its subsidiary, JM Financial Products, from conducting business in shares and bond funding. This drastic action came as a result of regulatory violations and governance lapses, sending shockwaves through the market and causing …
The share price of Mahanagar Gas Ltd (MGL) slumped ~16.51% to the day low of ₹1,301.30 on Wednesday, March 6, 2024, at 1:01 PM after the reduction in compressed natural gas (CNG) prices by ₹2.5 per kg in and around Mumbai. The revised prices of CNG were ₹73.50 per kg effective from midnight of March …
Alok Industries Ltd (AIL) has recently raised a cumulative ₹7,000 crore from parent organisation Reliance Industries Limited (RIL) and two lenders, Axis Bank and State Bank of India (SBI). The textile giant secured ₹3,300 crore from RIL in the form of non-convertible cumulative redeemable preference shares and ₹3,700 crore in term loans and working capital …
On March 04, 2024, the Committee of Creditors (CoC) of Reliance Capital Ltd asked Hinduja Group-backed Indusind International Holdings Ltd (IIHL) to implement the resolution plan, which is part of the debt resolution process, before March 31, 2024. On February 27, 2024, the National Company Law Tribunal (NCLT) approved the proposal made by IndusInd International, …
Today, the shares of J Kumar Infraprojects Limited plunged 1.27%. In contrast to this, the scrip witnessed a spurt in volume by more than 1.93 times. The company’s current market capitalization is Rs 4,820.65 crore. Recent development J Kumar Infra has clinched a significant project valued at Rs 912.3 crore for designing and constructing the …
On Wednesday, the market bounced back strongly to achieve a record-high close, with the Sensex rising by 0.55% and reaching a new peak of 74,151.28 points. The Nifty also surged by 0.53%, hitting a new record high of 22,497.20 points. Among the top performers were Nifty Bank, Nifty IT, and Nifty Pharma, while Nifty Media, …
Value unlocking expected from the Demerger In a strategic move, Tata Motors has decided to demerge its business into two separate listed companies. This decision, approved by the board of directors, aims to empower individual business units and unlock further growth potential. One entity will house the commercial vehicle (CV) business and its related investments, …
Today, the shares of NTPC Limited soared 3.50%. Additionally, the stock hit a fresh 52-week high mark of Rs 358 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 4.52 times. The company’s current market capitalisation is Rs 3,43,068.05 crore. Recent development The company has announced the board’s approval of …
BEML and Mangalore Refinery & Petrochemicals are identified as upside potential stocks based on technical analysis. Both the scrips have displayed promising technical setups, including price volume action and a potential to breakout. Currently trading at Rs 3,207.45 and Rs 229.70 respectively, their price structures align with positive signals from technical indicators like RSI and …
Rico Auto Industries Shares Opened Higher On March 04, 2024, the share price of Rico Auto shot 6.57% to ₹138.60 against its previous trading session. The share opened at ₹133.65, and it touched a high of ₹143.85 and a low of ₹125.15. The stock price witnessed correction and traded in a range of ₹133 to …
