Share Market - Angel One - Page 316

Jubilant FoodWorks Limited (JFL), the owner and operator of Domino’s Pizza in India and several other countries announced a significant commitment to strengthening its presence in Bangladesh. The company’s Investment Committee, in a meeting held on May 22, 2024, approved an investment plan of up to ₹30 crore in Jubilant FoodWorks Bangladesh Limited (JFBL), its …

Kesar India Limited, a leading Indian company, announced a strategic expansion into the United Arab Emirates (UAE) market. Kesar Middle East FZCO, a wholly-owned subsidiary of Kesar India, has incorporated a new step-down subsidiary named DEJA VU FZCO in Dubai. This development signifies Kesar India’s commitment to exploring new growth opportunities in the dynamic Middle …

Oil India Limited (OIL), India’s oldest oil and gas company and a Maharatna Central Public Sector Enterprise (CPSE) under the Government of India, has joined forces with its subsidiary, Numaligarh Refinery Limited (NRL), to bolster the transportation of petroleum products in Northeast India significantly. This strategic collaboration is marked by the signing of a new …

Technical analysis identifies Indian Hotels and Fertilizers & Chemicals Travancoreas 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 571.15 and Rs 701.30 respectively, their price aligns with positive signals from technical indicators like RSI and …

After starting the trading session flat, domestic indices quickly gained strong momentum, buoyed by significant gains in the telecommunication, capital goods, energy, banking, and financial services sectors. At 10:25 am, the BSE Sensex gained 0.53% reaching a level of 74,612. The Nifty 50 index surged 0.48% to the 22,705 level. On the Sensex, Axis Bank, …

On Thursday, the benchmark indices were trading in green with the Sensex up around 260 points or 0.35% at 74,485, while the Nifty-50 was up around 72 points or 0.32% at 22,670. About 1,942 shares have advanced; 1,000 declined and 109 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index: …

HEG Limited, a leading electrical equipment manufacturer, announced a significant development to maximise shareholder value. Through a recent stock exchange filing, HEG unveiled a Composite Scheme of Arrangement involving a demerger and subsequent merger. Demerger of Graphite Business and a New Merger The proposed scheme entails the demerger of HEG’s graphite business into a newly …

Nifty Pharma Index Performance On Wednesday, the Nifty Pharma index, which captures the performance of the pharmaceutical sector and comprises 20 companies listed on the National Stock Exchange of India (NSE), recorded a fresh all-time high. The index is up by 14% on a year-to-date basis and is technically on the verge of breaking out …

Sun Pharmaceutical Industries Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) in more than 100 countries across the globe. It is the largest pharma company in India. The company has reported its Q4 FY 2023-24 earnings today. Q4 Performance of Sun Pharma …

On May 22, 2024, Intellect Design Arena Limited announced in an exchange filing the launch of the Intellect Digital Core (IDC) for Cooperative Banks in India. This comprehensive, enterprise-level banking technology solution comprises eMACH.ai, the world’s most extensive open finance platform crafted with ‘First Principles’. Leveraging the composable and contextual core banking technology utilised by …