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Subsidiary of Info Edge to Inject $4,00,000 into Ray IOT for a health-tech revolution

Subsidiary of Info Edge to Inject $4,00,000 into Ray IOT for a health-tech revolution

11 October 2023

Info Edge’s (India) wholly-owned subsidiary, Redstart Labs (India) is all set to invest about USD 4,00,000 in Ray IOT Solutions Inc. at the applicable exchange rate. Redstart has agreed to acquire 11,22,019 Series Seed A-5 Preferred Stock. The aggregate shareholding of the Company through Redstart, post this investment, in the said entity would be 12.6% …

Prestige Estates: A dark horse in the real estate industry

Prestige Estates: A dark horse in the real estate industry

11 October 2023

About the group: The Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. The Group has completed 285 projects spanning a developable area of 170 million square feet (mn sqft) and has 54 ongoing projects …

AIA Engineering announces acquisition of mining products business in Australia

AIA Engineering announces acquisition of mining products business in Australia

11 October 2023

AIA Engineering Limited, a prominent player in the engineering and industrial sector, has taken a significant step with the acquisition of the Mining Products business of Mining Products and Service Pty. Ltd. (MPS) in Australia. This strategic move involved the transfer of MPS’s mining products business to VEGA MPS PTY LIMITED (VMPS), Australia, and the …

These 3 stocks from BSE 500 jumped over 6% today, 11 October 2023

These 3 stocks from BSE 500 jumped over 6% today, 11 October 2023

11 October 2023

The benchmark index S&P BSE 500 opened today at 27,537.99 and made its day high at 27,646.17 and it has closed in green today, up by more than 0.60%.                     From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more …

This small-cap cable manufacturing company stock closed the day in the upper circuit; here’s why

This small-cap cable manufacturing company stock closed the day in the upper circuit; here’s why

11 October 2023

The shares of Dynamic Cables Limited, a prominent player engaged in the manufacturing of power infrastructure cables, have shown a significant upsurge today. The stock opened the day at Rs 436.75 per share, almost flat compared to the previous day’s closing price of Rs 435.40 per share on the BSE. During the intraday session, it …

Shares of RMC Switchgears climb as record date for the bonus issue approaches

Shares of RMC Switchgears climb as record date for the bonus issue approaches

11 October 2023

Indian benchmark indices maintained their upward momentum, with the fast-moving consumer goods, telecommunications, real estate, and auto sectors leading the way as the top gainers. With 2,358 shares rising on the BSE and 1,290 shares declining, the advance-decline ratio strongly remained in favour of advances. RMC Switchgears Ltd engaged small-cap investors with its robust uptrend. …

Exploring the top three players in the soda ash industry in India; do you hold any?

Exploring the top three players in the soda ash industry in India; do you hold any?

11 October 2023

Soda ash, scientifically termed sodium carbonate, is a white, odourless, and water-soluble powder with a slightly alkaline taste. Due to its distinctive chemical properties, soda ash finds extensive applications across various industries. Its primary uses include glass manufacturing, water treatment, detergent, and cleaning product production, among others. Soda Ash price is rising consistently and even …

Dark horse stock of the day: Varanium Cloud surges 20% and hits the upper circuit

Dark horse stock of the day: Varanium Cloud surges 20% and hits the upper circuit

11 October 2023

The shares of Varanium Cloud Limited experienced a significant surge today. The stock opened trading at Rs 177 per share, representing a substantial 10% increase compared to the previous day’s closing price of Rs 159.65 per share on the NSE. Towards the end of the trading day, the stock settled at Rs 191.55, marking an …

Top Two Stocks to Watch Today – 11 October, 2023

Top Two Stocks to Watch Today – 11 October, 2023

11 October 2023

Nifty formed a bullish Opening Marubozu pattern, indicating the bulls’ control over Dalal Street on the daily chart. The pattern resembles a long bullish candlestick pattern with a minor upper shadow and no lower shadow on the daily chart. Nifty opened higher at 19,566, which also served as the day’s low, and gained momentum throughout …

Nifty and Bank Nifty Trading Strategy for October 11, 2023

Nifty and Bank Nifty Trading Strategy for October 11, 2023

10 October 2023

Nifty View: With renewed buying, the Nifty moved above the previous week’s high, forming a strong bullish candle backed by higher volume. Volumes were higher than the last two days but still below the average. It closed decisively above the 50 DMA. Additionally, it moved above the 38.2% retracement level of 19,673, which is the …

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