Share Market - Angel One - Page 160

Introduction Ashok Leyland, the flagship company of the Hinduja Group and a leading commercial vehicle manufacturer in India, has achieved a significant milestone by securing its largest single order to date. The Maharashtra State Road Transport Corporation (MSRTC) has awarded Ashok Leyland the contract to supply 2104 Viking passenger buses, further solidifying its dominant position …

EMS Limited, headquartered in Delhi, is a distinguished multi-disciplinary Engineering, Procurement, and Construction (EPC) company specializing in comprehensive turnkey solutions. With a strong focus on water and wastewater management, EMS provides end-to-end services encompassing engineering, design, construction, and installation of critical infrastructure such as water treatment plants, wastewater treatment facilities, and domestic waste management systems. …

On July 2, 2024, Allcargo Gati Limited (previously known as Gati Limited) announced a successful fundraising through Qualified Institutional Placement (QIP), raising ₹169.28 crore. This capital infusion was achieved by issuing equity shares at an issue price of ₹101 per Equity Share, approved by the Fund Raise Committee of the Board of Directors in a …

Samvardhana Motherson International Ltd, formerly known as Motherson Sumi Systems Limited, is a prominent player in the global automotive supply chain. Established in 1986 as a joint venture with Sumitomo Wiring Systems, the company has grown into one of the world’s leading specialised automotive component manufacturers for Original Equipment Manufacturers (OEMs). SAMIL, listed on the …

RVNL announced a significant new contract win from Central Railway, marking another milestone in its extensive portfolio of railway infrastructure projects. The company received a Letter of Acceptance (LoA) for an overhead modification work project aimed at upgrading the existing 1 x 25 kV electric traction system. Traction System Upgrade to Enhance Capacity The project …

The US drug regulator conducted a pre-approval inspection of Piramal Pharma’s PPDS Ahmedabad facility for three days, from July 10, 2024, to July 12, 2024.  The United States Food and Drug Administration (USFDA) inspection was completed with zero Form 483 observations and no action-indicated designation.  Tanya Sanish, Company Secretary, informed the exchange that the successful …

DLF Info City Chennai Limited (DICCL), a wholly-owned subsidiary of DLF Cyber City Developers Limited (majority-owned by DLF Limited), has increased its stake in Tulip Renewable Powertech Private Limited (Tulip). This move strengthens DICCL’s position in the renewable energy sector and aligns with its captive power consumption requirements. Transaction Details DICCL acquired an additional ~4.95% …

Infosys Ltd’s North America-based subsidiary, Infosys Public Services (IPS), has announced that it has been awarded a contract by the Delaware Department of Labor to revitalise the state’s unemployment insurance tax, benefits, and appeals programs. Additionally, Infosys Public Services will develop a new system for the paid family medical leave program. Delaware plans to utilise …

Shares of railway companies surged over 15% in a week on the BSE amid heavy trading volumes, outperforming a sluggish market. Over the last 5 days, these stocks have seen gains of up to 20%, driven by a positive business outlook. Companies like Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), IRCON International, and …

During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. IFCI Ltd IFCI Ltd hit a 52-week high of Rs 72 with a significant traded volume of 20.06 crore shares. Currently trading at Rs 69.74, up from the previous close of Rs 62.09, …