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Nifty50 PB ratio falls drastically as index switches to consolidated book value calculation

Nifty50 PB ratio falls drastically as index switches to consolidated book value calculation

3 October 2023

About Nifty50 The Nifty 50 index is the crown of the Indian capital market, tracking the 50 largest and most liquid companies listed on the National Stock Exchange of India. It is a highly selective index, with companies chosen based on their free-float market capitalization and liquidity, measured by average impact cost. This ensures that …

Man Industries hits 52-week high on Rs 400 cr order win; complete details inside

Man Industries hits 52-week high on Rs 400 cr order win; complete details inside

3 October 2023

Man Industries Limited, engaged in the manufacturing and exporting of large-diameter carbon steel pipes, has made a significant announcement regarding orders received by the company. As detailed in the official report, the company has received an order from one of its prominent customers for the supply of pipes. The company has not specifically mentioned the …

Stock splits to watch out for in the month of October

Stock splits to watch out for in the month of October

3 October 2023

Stock splits are often seen as a sign of a company’s success. This is because companies typically only split their stock when they are growing and profitable. As a result, stock splits can lead to positive investor sentiment, which can drive up the stock price. Four companies, namely Surya Roshni Limited, Focus Lighting and Fixtures …

Ashish Kacholia’s portfolio company crosses a significant milestone of Rs 4,000 per share; do you own it?

Ashish Kacholia’s portfolio company crosses a significant milestone of Rs 4,000 per share; do you own it?

3 October 2023

Shares of Safari Industries, a prominent luggage maker in India engaged in the business of manufacturing and trading luggage and luggage accessories, experienced a notable surge today from the opening of the morning trading session. The stock of the company surged by approximately 7% today, achieving a 52-week high price of Rs 4,190 per share. …

Vedanta’s strategic restructuring and corporate history; Company to demerge into six separate listed entities

Vedanta’s strategic restructuring and corporate history; Company to demerge into six separate listed entities

3 October 2023

Vedanta Limited, India’s largest diversified natural resources company with a significant global presence, has announced its plan to demerge its business units into independent ‘pure play’ companies to unlock value and attract substantial investment for the expansion and growth of each business. Vedanta possesses a unique portfolio of assets compared to both Indian and global …

These 3 Stocks From Bse 500 Jumped Over 8% Today, 03 October, 2023

These 3 Stocks From Bse 500 Jumped Over 8% Today, 03 October, 2023

3 October 2023

The benchmark index S&P BSE 500 opened today at 27,423.02 and made its day high at 27,423.04 and it has closed in red, down by around 0.24%                         From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than …

Dark horse stock of the day: Piccadily Agro jumps 20% in a weak market

Dark horse stock of the day: Piccadily Agro jumps 20% in a weak market

3 October 2023

Shares of Piccadily Agro Industries Limited witnessed a significant surge today. The stock opened trading at Rs 129.70 per share, marking a 12.8% increase compared to the previous day’s closing price of Rs 114.95 per share. At the time of writing this article, the stock is trading at Rs 137.90, which is a 19.97% increase …

Volume buzzers: Tracking today’s market movers

Volume buzzers: Tracking today’s market movers

3 October 2023

Both the Sensex and Nifty have seen a modest dip, with the Sensex declining by 0.52%, and the Nifty slipping by 0.61%. However, there are some positive signs as the Nifty Midcap has managed to secure a slight gain of 0.1%, and the Nifty Smallcap has shown a more substantial increase of 0.58%. Within the …

Maruti Suzuki: From Rs 10,000 per share to one million unit sales milestone

Maruti Suzuki: From Rs 10,000 per share to one million unit sales milestone

3 October 2023

Maruti Suzuki India Limited, one of India’s leading automobile manufacturers, announced its monthly sales data for September 2023 on October 01. According to the press release, the company achieved a total sales figure of 181,343 units in September. This includes 153,106 units sold in the domestic market, 5,726 units sold to other OEMs, and 22,511 …

Shares of Man Infraconstruction surge in early trade; here’s why

Shares of Man Infraconstruction surge in early trade; here’s why

3 October 2023

Man Infraconstruction Limited post the opening bell reported to the exchange that it has successfully delivered two 47-storey residential towers measuring 3.6 lakh square feet in its “Atmosphere O2” project located in Mulund West, Mumbai, well ahead of schedule time. Commenting on this development company management said that the project is nearly 90% sold out …

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