Stocks/Share Market - Angel One

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. NHPC Ltd NHPC Ltd showed moderate trading activity with a slight increase in its stock price, closing at Rs 94.35, up by 0.75% from the previous close of Rs 93.65. The stock traded …

On May 10, 2024, TVS Holdings Limited informed the exchanges that the company’s board approved the acquisition of an 80.74% equity stake of Home Credit India Finance Private Limited (Home Credit India) for ₹554 crore (proposed transaction). The remaining 19.26% of the equity stake will be bought by Premji Invest and other associates. After signing …

Company Overview Founded on June 15, 1987, Timken India Ltd. is a prominent player in manufacturing, distributing, and selling anti-friction bearings, primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products. Headquartered in Bangalore, India, the company serves a diverse customer base and also provides maintenance contracts and refurbishment services. Market …

Ratan Tata pioneered the concept of a brand subscription scheme in 1996. According to this arrangement, it required Tata-affiliated companies to pay 0.25% of yearly revenue or 5% of pre-tax profit for direct use of the Tata brand, and 0.15% for indirect use. Increase in Royalty Fee Tata Sons, the main holding company of the …

Akzo Nobel India Limited (Akzo Nobel) recently achieved a partial victory in an ongoing Goods and Services Tax (GST) matter. The company disclosed this development in a filing dated April 28, 2024. Background During a GST audit for the financial year 2018-2019, the Punjab GST Department issued Akzo Nobel a Show Cause Notice (SCN) dated …

Ultratech Cement Ltd, a leading Indian cement manufacturer, recently encountered a setback with a Goods and Services Tax (GST) demand notice. The company disclosed this information through a filing with the stock exchanges on April 18, 2024. Details of the Notice Issuing Authority: Deputy Commissioner of State Tax, Jaipur, Rajasthan Reason: Discrepancy between the Input …

HCL Infosystems Limited, a leading IT services provider, recently disclosed a potential tax liability through an exchange filing. The company announced that it has received a demand order for approximately ₹1.81 crore (including interest) from the GST adjudication authorities in Delhi for the 2018-19 financial year (FY). This demand relates to a subsidiary, Digilife Distribution …

On May 9, 2024, Indian Hotels Company Limited (IHCL) informed the exchanges that the company had partnered with CG Hospitality, extending its existing alliance of TAL Hotels & Resorts Limited and Taj Safaris Limited. Through the platform Ekyam, Indian Hotels Company Limited aims to reach a portfolio of 25 hotels by 2025, focusing on adventure …

The value of promoter pledged holding in the companies of the BSE 500 index as a percentage of promoter holding has reduced to  1.1% in Q4 FY 2023-24 from 1.17% in Q3 FY 2023-24, The percentage of the pledged holdings of the promoter is at the lowest in the last two years now, the decline …

Godrej Industries Limited (GIL), a leading diversified conglomerate, announced today that it has acquired an additional 14% equity stake in Godrej One Premises Management Private Limited (GOPMPL), a subsidiary of the Company. This strategic move reinforces GIL’s control over the company responsible for managing its corporate headquarters, “Godrej One,” and future projects under “The Trees” …