Share Market - Angel One - Page 137

On July 23, 2024, Zydus Lifesciences Limited, along with its subsidiaries, announced that it had received final approval from the USFDA (United States Food and Drug Administration ) to market Valsartan Tablets USP in dosages of 40 mg, 80 mg, 160 mg, and 320 mg, which are equivalent to Diovan® tablets. Valsartan tablets treat high …

Coforge Limited, a leading global IT solutions organisation, announced robust financial results for the quarter ended June 30, 2024 (Q1FY25), showcasing continued growth and industry recognition. Financial Highlights Paint a Positive Picture Revenue reached ₹24,008 crore (USD 291.4 million), reflecting a 1.6% increase quarter-on-quarter and a healthy 7.8% year-on-year growth on a constant currency basis. …

SRF Limited, a diversified chemicals manufacturer, reported its consolidated financial results for the first quarter ended June 30, 2024 (Q1FY25). The results revealed a mixed performance with revenue growth but a decline in profitability. Revenue Up, Profitability Down Consolidated revenue increased marginally by 4% year-on-year (YoY) to ₹3,464 crore in Q1FY25. However, Earnings Before Interest …

Mistral Solutions Pvt. Ltd., a globally renowned technology design and systems engineering company under the AXISCADES umbrella, has secured the coveted Defennovation Award 2024 for Excellence in Research and Development (SME) presented by ELCINA. This recognition celebrates Mistral’s unwavering commitment to advancing R&D within the defence sector and fortifying India’s self-reliance in this vital domain. …

Marine Electricals (India) Ltd (MEIL) primarily provides customised electrical solutions to both the marine and non-marine sectors. Headquartered in Mumbai, the company boasts manufacturing facilities in Mumbai and Goa. Recent Stock Performance The share price of Marine Electricals recently surged by 5%, reaching the upper circuit limit of the day. This spike followed the company’s …

The Indian markets have experienced a sharp downturn following Finance Minister Nirmala Sitharaman’s announcement of significant tax changes. The long-term capital gains (LTCG) tax has been increased to 12.5%, and to broaden the tax base, the Securities Transaction Tax (STT) on Futures and Options (F&O) has also been raised. Additionally, the short-term capital gains (STCG) …

Lemon Tree Hotels identified a significant opportunity in the early 2000s, when 80% of the hotel supply in India was concentrated in the upscale/luxury segment, catering solely to the affluent clientele. Recognizing the substantial untapped demand in the midscale and economy segments, Lemon Tree Hotels positioned itself as a trailblazer in the branded mid-market hotel …

On March 14, 2022, in Mumbai, Reliance New Energy Limited (“Reliance”), a wholly-owned subsidiary of Reliance Industries , signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (“Lithium Werks”) for a total transaction value of $61 million, including funding for future growth. The assets include the entire patent portfolio of …

Suzlon Energy is No. 1 in India’s renewable sector, offering a 360-degree total solutions package to its customers that covers the entire spectrum of wind energy projects. With a track record of over 20 years, Suzlon has successfully provided turnkey solutions, lifelong support, and exceptional products to customers globally, leading to the creation of substantial …

About Partnership Paytm, India’s leading payments and financial services company has entered into a strategic partnership with Axis Bank to offer advanced POS solutions and EDC devices to a wider merchant base. This collaboration aims to transform the merchant acquiring landscape by providing innovative tools to optimize business operations and enhance customer experience. Paytm’s EDC …