Sarveshwar Foods Ltd has unveiled a strategic plan to bolster its long-term financial resources, aimed at supporting the company’s growth ambitions. This initiative involves two key fundraising avenues: a preferential issue of Rs. 98.94 crores and a Qualified Institutional Placement (QIP) not exceeding Rs 100 crore. These efforts are intended to fortify the company’s financial …
Today the NSE Nifty50 and BSE Sensex, ended the day in the green. The Nifty50 closed at 22,196.95, registering a significant rise of 75 points or a 0.34% increase compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 73,057.40, reflecting a rise of around 349 points. Among all the stocks listed …
JSW Infrastructure and AVT Natural Products are identified as potential bullish stocks based on technical analysis. Both stocks have displayed promising technical patterns, including price volume support and a potential to breakout. Currently trading at Rs 238.55 and Rs 1790.35, respectively, their price structures align with positive signals from technical indicators like RSI and ADX, …
FY24 Q3 Results Marksans Pharma, a prominent player in the pharmaceutical industry, revealed its robust Q3 and nine-month FY24 results on February 14, 2024. The company showcased impressive growth, with a 22% year-on-year increase in revenue, driven by market share expansion and new product launches across key markets. Additionally, Marksans Pharma bolstered its margin profile, …
Salzer Electronics offers total and customised electrical solutions in switchgear, wires, and cables, as well as the energy management business. The company has taken a significant step towards modernising India’s energy infrastructure by announcing the establishment of a cutting-edge Smart Meter manufacturing plant in Coimbatore. The move aligns with the company’s commitment to providing innovative …
Preferential allotment is a corporate action that allows companies to issue shares to a select group of investors at a predetermined price. In a recent board meeting held on February 22, 2024, Oriental Rail Infrastructure Limited announced the allotment of warrants convertible into equity shares to promoters and equity shares at a discounted price on …
Steel magnate Sajjan Jindal is set to embark on a major expansion drive for JSW Steel Ltd, India’s largest mill, aiming to bolster its capacity and meet soaring demand. The company plans to borrow $750 million for capital expenditure, signalling its intent to nearly double steel output to 50 million tons by the end of …
Nvidia, the leading chipmaker, experienced a remarkable surge in its stock market value, adding over $129 billion late on Wednesday. This surge followed the release of its highly anticipated quarterly report, which surpassed estimates and ignited gains in other AI hardware stocks. Strong Quarterly Performance Nvidia’s stock soared almost 8% after the company’s quarterly outlook …
India has embarked on a significant policy reform journey in its space sector, aiming to attract foreign investment and foster growth and innovation. The recent amendment in the Foreign Direct Investment (FDI) policy on the space sector, approved by the Union Cabinet under the leadership of Prime Minister Shri Narendra Modi, marks a paradigm shift …
The Indian stock market broke its three-day positive streak, and the benchmark index, Nifty 50, closed lower at 22,055 with a fall of 0.64%. Sensex also dropped 0.59% to 72,623. As per experts, day traders may see resistance at 22,150. Foreign Institutional Investors (FII) bought securities worth ₹284 crore, and Domestic Institutional Investors (DII) sold …
