Stocks/Share Market - Angel One

On May 16, 2024, Happiest Minds Technologies Limited informed the stock exchanges about its strategic partnership with a top-tier Salesforce consulting firm, Solvio. Happiest Minds is dedicated to fostering innovation and facilitating customer achievements within key industry sectors: Manufacturing, Industrial, Healthcare & Life Sciences, Energy & Utilities, CPG & Logistics, Retail, Banking, Financial Services, and …

On May 16, 2024, Schaeffler India informed the exchanges about the strategic digital campaign for its aftermarket brand LuK, focusing on clutches and drivetrain components. Known for its longevity, original equipment-matching quality, and innovation, Schaeffler’s LuK finds its path into every third car in the world. The release of the ad films signals Schaeffler India’s …

Indiabulls Housing Finance Limited offered secured, redeemable, non-convertible debentures (secured NCDs) named Indiabulls Housing Fin. Tranche VI NCD May 2024. The issue is open for subscription between May 13 and May 27, 2024. The base issue size was Rs 100 crore, with an option to oversubscribe for another Rs 100 crore, bringing the total tranche …

Cipla Limited, a leading pharmaceutical player in India, announced a significant investment in its associate company, Achira Labs Private Limited. This strategic move underscores Cipla’s commitment to advancing Point-of-Care (PoC) diagnostic solutions in India. Strengthening the Partnership for Broader PoC Diagnostics Focus On May 15, 2024, Cipla entered into definitive agreements to invest up to …

On May 16, 2024, Adani Energy Solutions Ltd (AESL) informed the exchanges that through its subsidiary, Adani Transmission Step-Two Limited (ATSTL), it had acquired a 100% stake in Essar Transco Limited. The acquisition happened after getting requisite regulatory and other approvals for an Enterprise Value of ₹1,900 crore. The share acquisition is pursuant to definitive …

Lupin Limited announced in an exchange filing that all 12 of its manufacturing facilities, its R&D Center, and its corporate office in India have successfully finished strict audits and been certified by DNV for ISO 14001 – Environment Management Systems (EMS) and ISO 45001 – Occupational Health and Safety Management System (OHSMS). This milestone signifies …

On May 15, 2024, REC Ltd informed the stock exchanges that the company’s wholly-owned subsidiary, REC Power Development & Consultancy Limited (RECPDCL), had incorporated two wholly-owned subsidiaries, namely Bikaner A Power Transmission Limited and Bikaner B Power Transmission Limited. Bikaner A Power Transmission Limited and Bikaner B Power Transmission Limited were incorporated on May 14, …

Signatureglobal (India) Limited, a leading Indian real estate developer, announced a strategic investment in its wholly-owned subsidiary, Gurugram Commercity Private Limited (GCPL). This move strengthens Signatureglobal’s commitment to developing a prime land parcel in Gurugram, Haryana. Meeting Regulatory Requirements and Capitalisation Needs The Board of Directors of Signatureglobal approved an investment of ₹34,74,99,000 in GCPL. …

Mahindra & Mahindra Ltd., a household name in the Indian automotive industry, celebrated a momentous achievement with its newest compact SUV, the XUV 3XO. Within 60 minutes of opening online bookings on May 16th, the XUV 3XO received a staggering over 50,000 reservations, setting an unprecedented record for Mahindra. The XUV 3XO has ignited a …

Market Analysis and Profit-Taking On Wednesday, the NSE benchmark Nifty 50 index traded within a narrow range, marking its narrowest daily range for May, with a meager range of about 146 points. On the daily chart, Nifty formed a bearish candle with minor upper and lower shadows, ending its three-day winning streak with a marginal …