PSU stocks in the Indian stock market have shown remarkable performance, emerging as significant wealth generators. Some have recorded impressive returns of up to 800% in less than a year, largely driven by increased capital expenditure (capex) and government-led initiatives favouring PSU companies. The recent election victory of the Ruling party, forming the government at …
The benchmark index S&P BSE 500 opened today at 36,238.58 and made its day high at 36,267.70, and it is trading in green today, up by more than 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Honasa Consumer Ltd …
Based on technical analysis, Lupin & NHPC are identified as upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 1,719.80 and Rs 102.87 respectively, their price aligns with positive signals from technical indicators like RSI and …
On Thursday, the benchmark indices were trading in the green with the Sensex up around 285 points or 0.36% at 80,277, while the Nifty-50 was up around 82 points or 0.34% at 24,368. About 2,126 shares have advanced; 920 declined and 105 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Va Tech Wabag Ltd (WABAG) has secured a significant arbitration award against the Kerala Water Authority, as reported in a recent stock exchange filing. This development stems from a dispute concerning contract agreement no. 10/2006, dated October 13, 2006, related to the JBIC Assisted Kerala Water Supply Project, Package-1 works for the Cherthala Scheme, which …
On July 4, 2024, Inox Wind Limited (IWL) announced in a stock exchange filing that it has successfully completed an infusion of approximately ₹900 crore by its promoter, Inox Wind Energy Limited (IWEL). This significant capital infusion was facilitated by funds raised by IWEL on May 28, 2024, through the sale of equity shares of …
According to the latest regulatory disclosure to the Ministry of Corporate Affairs, Reliance Industries infused ₹4,330 crore into its flagship retail entity, Reliance Retail, during the last fiscal year, i.e., FY 2024. This funding, a departure from the previous fiscal year, involved both equity and debt, facilitated through its wholly-owned subsidiary, Reliance Retail Ventures (RRVL), …
Intellect Design Arena Limited has announced the launch of iGPX (Government Procurement eXchange), the first-ever purpose-driven and ecosystem-focused open API-based public procurement platform. Developed in collaboration with eMACH.ai, renowned for its comprehensive open finance platform, iGPX integrates ‘First Principles’ Thinking and Intellect’s GenAI from the Purple Fabric AI platform. It promises enhanced efficiency, deep transparency, …
Company Background Hindustan Aeronautics Ltd (HAL), a ‘Navratna’ company, was incorporated in 1964 through the amalgamation of Hindustan Aircraft Limited and Aeronautics India Limited. HAL is a key player in India’s defense sector, engaged in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related systems such as avionics, instruments, and accessories. …
HDFC Bank is one of India’s premier banking institutions, established in 1994. It offers a wide array of financial products and services, including retail banking, wholesale banking, and treasury operations. Mitsubishi UFJ Financial Group is Japan’s largest financial group and one of the world’s leading financial institutions. Headquartered in Tokyo, MUFG offers a comprehensive range …
