CARE Ratings has reaffirmed and simultaneously withdrawn the outstanding ratings of ‘CARE BB+; Stable; Issuer Not Cooperating / CARE A4+ Issuer Not Cooperating*’ assigned to the bank facilities of Associated Alcohols & Breweries Limited (AABL), with immediate effect. The action was taken at the request of AABL and with a ‘No Objection Certificate’ received from …
Stock Performance Reliance Industries Limited (RIL) which is majorly in the business of Oil and Gas hit back-to-back 52-week highs today at Rs 2,724.95, while its 52-week low stands at Rs 2,012.14. It opened at Rs 2,655.70 and closed at Rs 2,718.40, marking an increase of 2.58%. In today’s trading session, the NSE witnessed the …
Sundram Fasteners, a Global automotive supplier, is revving its presence in Tamil Nadu with a massive Rs 1,411 crore investment commitment. This strategic move, inked during the Tamil Nadu Global Investors Meet 2024, will span eight existing factories in the state, including Mahindra World City SEZ, aligning with both Industrial and EV policies. The planned …
Indian stocks finished the day a tad higher on Thursday, after a day of ups and downs. The main Sensex index edged up 0.09% to close at 71,721, while the Nifty 50 ticked up 0.13% to 21,647. Market volatility, which is like a measure of nervousness, also went down. The India VIX index fell 1.56%, …
TCS, an Indian IT giant, announced its December quarter results today after market hours. The company reported revenue from operations at Rs 60,583 crore in Q3 FY24, representing a 3.6% YoY growth compared to the same quarter last year, where it was Rs 58,749 crore. In constant currency, the company exhibited a commendable 1.7% YoY …
POCL Enterprises Limited (POEL) might not be a household name yet, but within the Indian metals and minerals industry, it’s quietly carving a niche for itself. Established in 1988, POEL has transformed from a regional player into a leading manufacturer of metallic oxides, PVC stabilizers, and refined metals like zinc and lead. With a market …
These three equities gained significantly during Thursday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Hindustan Construction Ltd Hindustan Construction has recently demonstrated a notable volume-price breakout, accompanied by a 52-week high breakout. Currently valued at Rs 34.90, the stock has experienced a significant surge in trading activity. The breakout is particularly noteworthy, …
Tata Power, India’s second-largest private power generator, is making a bold move – quadrupling its renewable energy capacity by 2027! This ambitious plan signifies a major shift towards a greener future, not just for the company but for the entire nation. Tata Power is currently trading at Rs 354 per share, reflecting a 2.18% increase. …
In December, a flurry of IPOs hit the market, bringing joy to investors through favourable listing gains. However, one particular IPO has emerged as a standout in the stationary sector, capturing our focus today. No prizes for guessing, it’s none other than DOMS Industries. Founded in 2006 as “Writefine Products,” Doms Industries evolved into a …
During Thursday’s deals, the shares of Unichem Laboratories Limited zoomed by 5.63%. Additionally, the stock hit a fresh 52-week high mark of Rs 479.25. Furthermore, the scrip witnessed a spurt in volume by more than 2.97 times. The company’s current market capitalisation is Rs 3,313.29 crore. Recent development The company announced the approval of …
