Today shares of CreditAccess Grameen Ltd skyrocketed by up to 12% and hit a 52-week high today amid strong financial results for the second quarter of FY24 and business outlook. On a consolidated basis, In Q2FY24 company recorded a staggering financial performance with a 98.14% year-on-year increase in net profit reaching Rs 347.04 crore compared …
In an exciting development that promises to push India’s technological prowess to new heights, Shri S. Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), inaugurated the Centre for Programmable Photonic Integrated Circuit and Systems (CPPICS) in Chennai today. This groundbreaking inauguration took place at the prestigious Indian Institute of Technology Madras (IIT …
In 2014, India took a giant leap toward transforming its coal industry. The cancellation of 204 coal mines marked a turning point in the nation’s quest for transparent, efficient, and self-sustained coal production. Through a visionary policy shift in 2020, India embarked on a journey to not only bolster its domestic coal production but also …
On Monday, the benchmark indices were trading lower, with the Sensex down around 190 points or 0.29% at 65,209 and the Nifty-50 down around 72 points or 0.37% at 19,472. About 840 shares have advanced, 2,588 declined, and 199 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …
The Indian Railways have recently shown significant improvements in project execution, and they operate the fourth-largest railway system globally with an extensive network that spans the entire country. This vast network employs over 1.4 million people, making the railway industry India’s largest employer. Railway stocks have experienced a remarkable surge, with some companies seeing their …
Friday deals concluded on a muted note with both the Sensex and Nifty witnessing a moderate decline of 0.35% and 0.42%, respectively. Opposing market sentiments, the shares of Rail Vikas Nigam Limited dazzled with an impressive surge of 1%. The company’s current market capitalisation is Rs 35,090.89 crore. This upward movement was primarily triggered by …
In the world of stock investing, there’s a term that every ambitious investor aspires to understand and achieve – ‘multibagger.’ It’s a term that symbolizes the pinnacle of success, where an investment multiplies many times over. Peter Lynch once said, ‘Know what you own, and know why you own it.’ In this case, it’s a …
The Sensex and Nifty are both on a downward trajectory, marking plunge of 0.30% and 0.38%, respectively. In parallel, the Nifty Midcap and Nifty Smallcap segments are also exhibiting mixed momentum, with a plunge of 1.75% and 1.21%, respectively. Examining the constituents of the Nifty 50 index, notable gainers include Kotak Bank, TCS and Nestle …
Titagarh Rail Systems Limited (TRSL) formerly Titagarh Wagons Limited signed a contract with Gujarat Metro Rail Corporation (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 standard gauge cars valued at Rs 350 crore for Ahmedabad Metro Rail Phase-II Project. As a part of Ahmedabad’s vision to expand connectivity within the state …
The headline indices have registered a persistent decline of almost 1% over the past five trading sessions, mirroring the prevailing global market weakness. This downturn is clearly evident within various sectors, as a majority of sectoral indices have recorded considerable losses. The FMCG, oil & gas, and metal sectors have borne the brunt of the …
