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Overnight Digest: Top 5 mid and small-cap stocks to watch out for May 2

30 April 2024

On Tuesday, the market witnessed a significant downturn in the final hour of trading, retracting from its record highs. The Sensex, a key index, decreased by 0.25% and closed at 74,482.78 points, while the Nifty, another important index, saw a slight decline of 0.17% to close at 22,604.85 points. In terms of sectors, the automobile, …

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Remsons Industries and Daiichi Infotainment Systems Establish a Joint Venture Company

30 April 2024

On April 29, 2024, Remsons Industries Limited informed in a stock exchange filing that the company and Daiichi Infotainment Systems Private Limited had incorporated a Joint Venture Company, Daiichi Remsons Electronics Private Limited. Details of the Joint Venture Company Remsons Industries Limited announced that Daiichi Remsons Electronics Private Limited (DREPL) was incorporated on April 28, …

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Apollo Pipes Limited (APL) Achieves 62nd Percentile in ESG Rankings

30 April 2024

On April 30, 2024, Apollo Pipes Limited (APL) informed the stock exchanges that the company stands at the 62nd percentile in the Building Products industry on ESG rankings in S&P Global Corporate Sustainability Assessment in its first participation. The assessment results came in the last week of March 2024, where the company scored 28. The …

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Shakti Pumps Invests ₹5.08 Crore in Subsidiary Shakti EV Mobility

24 April 2024

On April 23, 2024, Shakti Pumps (India) Limited informed in an exchange filing that the company had invested ₹5,08,00,000 (Rupees Five Crores and Eight Lacs Only) in its wholly owned subsidiary, Shakti EV Mobility Private Limited. Details of the Investment Shakti Pumps (India) Limited, a manufacturer of pumps and motors, has invested ₹5.08 crore in …

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Technical Picks to Keep an Eye On: Equitas Small Finance Bank and Apollo Tyres

24 April 2024

Equitas Small Finance Bank and Apollo Tyres are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising structures and technical setups, including price volume contraction, potential to bounce back and breakout. Currently trading at Rs 99.75 and Rs 488.30 respectively, their price aligns with positive signals from technical indicators like …

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Bharti Airtel Expands Network to Leh and Ladakh

24 April 2024

On April 24, 2024, Bharti Airtel Limited informed the stock exchanges about the expansion of its network across the picturesque regions of Leh and Ladakh. This development comes just in time for the upcoming travel season, encouraging travellers to enjoy unlimited 5G service across the region. Airtel’s network footprint now contains more than 40 zones …

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Organic Recycling System Limited (ORS) Bolsters Business Operation: Signed MoU With HGF

24 April 2024

On April 24, 2024, Organic Recycling System Limited (ORS), a pioneering engineering firm specialising in waste valorisation and management, offering solutions to convert waste into green energy and renewable resources, entered into a Memorandum of Understanding (MoU) with High-Grade Farms, Inc. (HGF), a pioneering company and a leading-edge technology solutions company based in Canada, offering …

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Cyient DLM Reports 92.9% Growth in FY 2024 PAT, Share Price Up by 5.61%

24 April 2024

On April 23, 2024, Cyient DLM released its financial results for the quarter ending March 31, 2024. The company has shown robust growth, with an increase of 92.9% in Profit After Tax (PAT). Cyient DLM reported a revenue of ₹362 crore in Q4 FY 2024, with QoQ growth of 12.7% and YoY growth of 30.5%. …

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Top 3 stocks trading below Rs 100

24 April 2024

These three equities gained significantly with price and volume activity during Wednesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. NMDC Ltd NMDC Ltd is currently showcasing strong market activity, trading at Rs 247.75 after reaching a high of Rs 249.15 during the day. The volume of shares traded today stands at 32,168,850, …

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Tata Elxsi Released FY2024 Earnings: Recorded Growth of 13% in Revenue

24 April 2024

One of the world’s leading providers of design-led technology services, Tata Elxsi Limited, recently released its operational and financial results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. Quarterly Performance The company recorded revenue from operations amounting to ₹905.9 crore, reflecting a growth of over 8.1% on a year-over-year (YoY) basis. …

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