Stocks/Share Market - Angel One

Introduction Indian Renewable Energy Development Agency (IREDA) has recently announced significant growth in its loan sanctions and disbursements for the first quarter ending June 30, 2024. This blog delves into the key highlights and the remarkable performance of IREDA during this period. Record-Breaking Loan Sanctions and Disbursements IREDA has achieved a phenomenal growth in its …

On Friday, the market experienced profit booking at record levels, causing it to close off intraday highs. The Sensex declined by 0.27% to close at 79,032.73, while the Nifty fell by 0.14% to settle at 24,010.60. Among the sectors, Nifty Pharma, Nifty Energy, and Nifty PSU Bank emerged as the top gainers. Conversely, Nifty Bank, …

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. Ujjivan Small Finance Bank Ltd Ujjivan Small Finance Bank Ltd saw a significant price movement today, with its stock rising by 3.04% to Rs 45.11 from its previous close of Rs 43.78. The …

A new report by Brand Finance, a leading brand valuation consultancy, reveals continued dominance and promising growth within Indian brands. Tata Group Leads the Row Tata Group retains its position as India’s most valuable brand, boasting a brand value of USD 28.6 billion. This achievement marks a significant milestone, with Tata Group nearing the coveted …

On June 28th, 2024, Alembic Pharmaceuticals Limited disclosed receiving final approval from the US Food & Drug Administration (USFDA) for its Doxycycline Capsules, 40 mg. Doxycycline Capsules treat inflammatory skin lesions (papules and pustules) caused by rosacea in adults. The approval means Alembic’s version is equivalent in effectiveness to the reference drug, Oracea Capsules, 40 …

Bajaj Auto, one of India’s leading exporters of motorcycles and three-wheelers, launched its first overseas manufacturing plant in Brazil. This setup was aided by its subsidiary Bajaj Do Brasil. With this initiative, Bajaj Auto aims to strengthen Bajaj’s position in Latin America’s largest 2-wheeler market by gaining insights into product development and consumer behavior. However, …

There’s a saying, “As the days get longer in June, so do the opportunities in the stock market. Keep your eyes open and your strategies sharp.” This holds especially true for the Indian markets this year. At the start of June, the Indian stock market experienced significant volatility due to the exit poll euphoria followed …

On June 28, 2024, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of India’s leading shipyard Cochin Shipyard Limited (CSL), secured a significant international order from Wilson ASA of Norway. Details of the Contract The contract involves designing and building 4 Dry Cargo Vessels with a capacity of 6300 Metric Tonnes each. An agreement is also …

Vakrangee Limited, a leading technology-driven company focused on financial inclusion, announced a strategic investment to solidify its position in the ATM industry further. The company has signed an agreement to acquire an additional 14.70% equity stake in Vortex Engineering Private Limited (Vortex) from Oasis Capital (Mauritius) Limited. This acquisition increases Vakrangee’s total ownership in Vortex …

HealthCare Global Enterprises Limited (HCG), one of India’s largest cancer care networks, has announced the acquisition of Mahatma Gandhi Cancer Hospital & Research Institute (MGCHRI) in Vizag, Andhra Pradesh, for an Enterprise Value of ₹4,140 million. Initially securing a 51% stake, HCG plans to acquire an additional 34% stake over the next 18 months. This …