Hindustan Zinc Limited (HZL) has made waves in the stock market, doubling its share price in just three months. With a history dating back to 1966, HZL has established itself as a dominant player in the zinc-lead and silver industry. Let’s dive into the factors contributing to its recent surge and why you might want …
On Thursday, the market continued to recover from Wednesday’s losses, with BSE-listed companies collectively gaining Rs 8 lakh crore in market capitalization, bringing the total market cap to Rs 416 lakh crore. The Sensex rose by 0.93%, closing at 75,074.51, while the Nifty climbed by 0.89%, closing at 22,821.40. Among sectors, real estate, media, public …
Canara Bank and Zensar Technologies are identified as upside potential stocks based on technical analysis. 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 118.60 and Rs 621.30 respectively, their price aligns with positive signals from technical indicators like …
International Expansion Ashoka Buildcon has secured a significant international project through an EPC (Engineering, Procurement, and Construction) Agreement with Serneke International Group AB, Sweden. The project, floated by Baran International Ltd, involves constructing 100 drinking water wells and installing drinking water supply units in 35 villages across Ivory Coast. This project is valued at €18.50 …
Vakrangee Limited, a leading technology-driven company focused on financial inclusion, announced a strategic investment in Vortex Engineering Private Limited (Vortex). This move signifies Vakrangee’s commitment to strengthening its position within the ATM industry. Building a Stronger ATM Ecosystem Vakrangee has entered into a Share Purchase Agreement with Ventureast Funds, acquiring a 2.4% equity stake in …
Indian stock markets staged a strong comeback on Wednesday, erasing losses from the previous day’s plunge. This surge follows the NDA’s commitment to support the alliance in forming a third-term government. Data shows the Sensex, India’s one of the main stock market index, jumped 2,303 points (3.2%) to settle at 74,382. The Nifty 50 also …
Board Approves Fundraising Initiative In a significant move, Zee Entertainment Enterprises Limited (ZEEL) announced that its Board of Directors has given in-principal approval for raising funds up to Rs 2000 crores. The fundraising will be through the issuance of equity shares and/or other eligible securities, potentially including convertible or non-convertible instruments. This capital raising will …
On June 6, 2024, TVS Srichakra Limited announced in an exchange filing that they launched new Steel-Belted Agro-Industrial Radial Tyres at The Tire Cologne 2024, one of the world’s foremost trade fairs for the tyre industry. The leading tyre manufacturer showcased its top products at Hall 6.1 Booth: C050–C054 during the three-day Cologne event in …
On June 5, 2024, Bajaj Holdings & Investment Limited (BHIL) finalised deals to acquire stakes in Reliance Industries Limited and Tata Consumer Products Limited, marking a noteworthy move in its investment strategy. The initial acquisition involves BHIL securing a small percentage (0.0022%) of shares in Reliance Industries Limited, a prominent player in India’s corporate landscape. …
The Indian Energy Exchange (IEX) reported a notable increase in its trading volume for May 2024. The total volume surged to 10,633 million units (MU), representing a substantial y-o-y growth of 28.9%. This rise highlights IEX’s pivotal role in the Indian energy market, showcasing its growing influence and the increasing reliance on its platform for …
