Stock Market Updates - Angel One - Page 1084

India’s information and technology giant, Tata Consultancy Services, has finally entered the promised land of Rs. 200 billion market capitalisation. It is primarily due to this fact that its stock reached an all-time high in intraday trading on Wednesday, 15 September 2021. TCS’ stock price reached its lifetime high of Rs. 3,980, and it ended …

Shareholders of hypermarket chain operator – Avenue Supermarket have much to celebrate. The share price of this stock is likely to cross the Rs. 5,000 mark by March 2022, said experts. Moreover, a robust business model combined with a fresh demand for offline shopping will likely cause the stock price to rise further. This proves …

On Wednesday, 29 September 2021, private sector financial institution IndusInd Bank declared the acquisition of 50,00,000 pledged McLeod Russel India Ltd. (MRIL) shares. These 50,00,000 shares comprise about 4.79% of McLeod Russel’s paid-up capital in terms of equity shares. Ichamati Investments Ltd had earlier pledged MRIL’s equity shares to IndusInd Bank to secure the tea …

Last Friday, on 1 October 2021, the scrips of Paras Defence got listed on the bourses, making a spectacular debut. To elaborate, Paras Defence shares got listed on the Bombay Stock Exchanges at Rs. 475 against Rs. 175 (its issue price with a face value of Rs. 10). Accordingly, it registered a listing premium of …

The shares of Kalyan Jewellers noted an 11% jump in the intraday trading on 7 October 2021. This growth is a direct reflection of this company’s revenue growth of 60% for its Indian operations in this recently ended September quarter, compared to the previous year. According to the press release from one of India’s largest …

An Overview Last week, eight of the top ten most valuable firms added a total of Rs. 2,32,800.35 crore to their market capitalisation, with RIL and TCS emerging as the largest gainers. The 30-share BSE benchmark rose 1,293.48 points, or 2.20 percent, last week. On Friday, the benchmark surpassed the 60,000 mark. RIL’s  market value …

On 11 October 2021, Aditya Birla Sun Life made an unimpressive debut on the bourses. Following a tepid response to its initial public offer, the company’s shares declined by 2.25% on listing at the Bombay Stock Exchange. On the other hand, the stocks opened at Rs. 715 apiece on the National Stock Exchange, higher by …

In the last week until Monday’s morning session, the NSE’s Nifty 50 has gained over 600 points whereas BSE’s Sensex has soared over 1800 points in the same span. The rally has taken both indices to new all-time highs and pushed the market capitalisation even higher. The retail investors have been the net buyers despite …

The US stock market is one of the largest stock exchanges in the world. It is home to some of the world’s leading companies that are a part of our day to day life like Amazon, Apple, Google, Facebook and more. The US GDP is around 15% of the world’s GDP and the US stock …

A Brief Overview Of the country’s ten most valued companies, eight saw their market valuation surge by a total amounting to INR 1,60,408.24 Crores in the past week. Tata Consultancy Services and Reliance Industries Limited led the way and contributed the most during this bullish market wave. The second week of August also saw a …