Share Market - Angel One - Page 177

On July 8, 2024, Larsen & Toubro Ltd (L&T) informed in a stock exchange filing that the company’s renewable arm had secured significant contracts in the Middle East to construct two large-scale Solar PV plants totalling 3.5 GW in capacity. These orders, finalised with a leading developer, include a comprehensive scope covering grid interconnections, pooling …

On July 8, 2024, Phoenix Mills Limited announced in a stock exchange filing the operational business update for the Q1 FY 2025. Retail Segment In Q1 FY25, Phoenix Mills recorded impressive growth in retail consumption, with retailer sales reaching approximately ₹3,214 crore, marking a significant 25% increase from Q1 FY24. This growth was predominantly driven …

Indian benchmark indices started the week on a lower note, impacted by losses in the consumer durables, metals, and information technology sectors, while broader indices continued to climb higher. At 10:20 am, the BSE Sensex fell 0.13% reaching a level of 79,896. The Nifty 50 index decreased 0.09% to the 24,302 level. On the Sensex, …

On July 8, 2024, Man Industries (India) Limited informed in a stock exchange filing announced a significant milestone with the acquisition of a prestigious line pipe order valued at approximately ₹1,850 crore. This marks the largest single order in the company’s history, awarded by a leading international Oil and Gas firm. The project entails supplying …

On July 8, 2024, GRM Overseas Limited announced in a stock exchange filing that it had signed an agreement with DIPLOMAT GEORGIA to distribute its brand of basmati rice, ‘Tanoush,’ through Diplomat’s distribution channels. ‘Tanoush’ basmati rice will be offered in 1kg, 5kg, and 20kg packs. Under the agreement, Diplomat Georgia will serve as the …

Bank lending in India slowed in the June quarter compared to the same period last year. This likely reflects a cautious approach by businesses in the lead-up to the national elections. Data from the Centre for Monitoring Indian Economy (CMIE) recorded incremental loan growth for the fiscal year up to June 14th stood at Rs …

The Adani Group is betting a massive $9 billion on becoming a global leader in green hydrogen production. This ambitious plan, crucial to the company’s future and India’s clean energy transition, aims to establish Adani as a major exporter of the world’s cheapest green hydrogen. Key Points Investment and Capacity: Adani will invest $9 billion …

The Securities and Exchange Board of India (SEBI) recently proposed a new measure to enhance mutual fund transparency: mandatory disclosure of the information ratio (IR). This aims to give investors a clearer perspective on fund performance, but some experts worry it might create information overload for retail investors. The Information Ratio: Beyond Outperformance The IR …

Indian Bank, a prominent public sector lender, has demonstrated notable growth in its financial metrics for the April–June quarter of FY24. The bank’s provisional figures reveal significant advancements across various sectors, highlighting its strong performance in the current fiscal year. Significant Increase in Gross Advances and Total Business According to the business update released by …

Adani Wilmar reported a stellar Q1 FY2025, driven by a robust 13% year-over-year (YoY) volume growth across its product categories. This impressive performance can be attributed to several strategic initiatives: Market Share Gains: The company implemented targeted strategies in each segment, focusing on under-indexed markets to gain market share. This targeted approach is proving successful, …