Stock Market Updates - Angel One

ABB India has expanded its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. The new line will produce drives ranging from 75 kW to up to 250 kW and will cater to all major industrial segments. ABB’s variable speed drives are used to control the speed …

On Friday, shares of Polycab India surged more than 5% to record a new 52-week high of Rs 3399 apiece on BSE. The scrip witnessed massive spurt in volume by more than 3.05 times.   In Q4 FY23, the company’s revenue amounted to Rs 432.37 crore, showing a YoY increase of 9%. The EBITDA for Q4 …

Indian benchmark indices have recovered smartly from the lower levels with Nifty trading above 18,300 mark. Amidst recovery from the lower levels, there are some stocks which have hit fresh record high on the bourses and one such stock is Mold-Tek Technologies Ltd.   Mold-Tek Technologies is engaged in providing Civil & Mechanical Engineering Services. The …

Indices witnessed selling pressure from Thursday’s high and today also they are trading with volatile moves. Somehow, they recovered more than 80 points sharply from day’s low. The Capital Goods sector outperformed the benchmark index and one stock from the same sector is now near to its multi year technical breakout level.   The stock is …

Balu Forge Ltd has recently announced its quarterly and annual results for the year ended March 31, 2023. In terms of the quarterly results (Q4FY23), the company witnessed significant growth across various metrics. The revenue from operations amounted to Rs 123.78 crore, indicating a substantial increase of 50.42% quarter-on-quarter (QoQ). The Profit Before Depreciation and …

For the fourth quarter that concluded on March 31, 2023, the company’s consolidated net profit increased from Rs 113.45 crore for the same quarter the previous year to Rs 427.40 crore, 276% rise in profit. The company’s overall revenue in Q4FY23 increased from Rs 5,615.49 crore in the same period the previous year to Rs …

Burger King shares made a stellar debut at the exchanges, where its price nearly doubled during trading on Monday. The shares traded at 94 percent and 87.5 percent premium respectively on BSE and NSE, and about 205.89 million equity changed hands on the first day of trading.  Burger King was the third company to receive …

On 4 February 2022, the shares of the State Bank of India (SBI) achieved a new 52-week high at Rs. 546.40 apiece. SBI shares began with a Rs. 2 increase per share and continued to rise till they got a new 52-week high in their early morning trades. However, it would end at Rs. 10.65 …

The Issue of HDFC Weightage HDFC and HDFC Bank have been in the news for some time now in relation to  their merger into HDFC Bank which is slated to take place in June-July. However, the deal that was expected to bring about financial prosperity seems to be having a hiccup this week. The Morgan …

India’s National Stock Exchange (NSE) halted trading for over four hours, in what is now seen as the longest such outage in the country, because of a technical glitch. Trading resumed around 3.30, and an unprecedented extension led to both the NSE and the BSE (Bombay Stock Exchange) functioning till 5 pm. Around 10 am …