Amidst a landscape of global uncertainties including geopolitical tensions, financial constraints, and environmental challenges, the Indian economy stands resilient and poised for growth. With the International Monetary Fund (IMF) revising India’s GDP growth forecast to 6.7% for the fiscal year 2024, optimism permeates the economic horizon. Notably, both HDFC Bank and State Bank of India …
Stocks/Share Market - Angel One

These 3 stocks from BSE 500 jumped over 6% today; do you own any?
5 March 2024The benchmark index S&P BSE 500 opened today at 32,300.31 and made its day high at 32,317.23, and it is trading in red today, down by more than 0.30% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 6% today. Capri Global Capital …

Shares of Kalpataru surge on securing major EPC contracts for a project in Saudi Arabia
5 March 2024About the contract Kalpataru Projects International Limited (KPIL), a leading Indian EPC company, has secured significant contracts from Saudi Aramco for the Master Gas System Network (MGS-3) expansion project in Saudi Arabia. This project marks a major milestone for KPIL, solidifying its position as a trusted partner in the global oil and gas sector. KPIL …

Upper Circuit Stocks Today – 05 March, 2024
5 March 2024On Tuesday, the benchmark indices were trading in the red with the Sensex down around 183 points or 0.24% at 73,700, while the Nifty-50 was down around 47 points or 0.23% at 22,354. About 1,486 shares have advanced; 1,552 declined; and 105 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …

Regulatory Compliance and Governance Issue: JM Financial Plunges 19% After RBI Ban
6 March 2024JM Financial, a prominent player in the financial sector, recently faced a severe setback when the Reserve Bank of India (RBI) barred its subsidiary, JM Financial Products, from conducting business in shares and bond funding. This drastic action came as a result of regulatory violations and governance lapses, sending shockwaves through the market and causing …

Impact of CNG Price Slash on Mahanagar Gas Ltd’s Stock
6 March 2024The share price of Mahanagar Gas Ltd (MGL) slumped ~16.51% to the day low of ₹1,301.30 on Wednesday, March 6, 2024, at 1:01 PM after the reduction in compressed natural gas (CNG) prices by ₹2.5 per kg in and around Mumbai. The revised prices of CNG were ₹73.50 per kg effective from midnight of March …

Alok Industries Raises ₹7,000 Crore From Reliance via NCCRPS
6 March 2024Alok Industries Ltd (AIL) has recently raised a cumulative ₹7,000 crore from parent organisation Reliance Industries Limited (RIL) and two lenders, Axis Bank and State Bank of India (SBI). The textile giant secured ₹3,300 crore from RIL in the form of non-convertible cumulative redeemable preference shares and ₹3,700 crore in term loans and working capital …

COC Asks IIHL to Implement Resolution Plan Before March 31, 2024
6 March 2024On March 04, 2024, the Committee of Creditors (CoC) of Reliance Capital Ltd asked Hinduja Group-backed Indusind International Holdings Ltd (IIHL) to implement the resolution plan, which is part of the debt resolution process, before March 31, 2024. On February 27, 2024, the National Company Law Tribunal (NCLT) approved the proposal made by IndusInd International, …

Mukul Agrawal and Dolly Khanna multibagger stock bags a project worth Rs 912 crore by CIDCO
6 March 2024Today, the shares of J Kumar Infraprojects Limited plunged 1.27%. In contrast to this, the scrip witnessed a spurt in volume by more than 1.93 times. The company’s current market capitalization is Rs 4,820.65 crore. Recent development J Kumar Infra has clinched a significant project valued at Rs 912.3 crore for designing and constructing the …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 7
6 March 2024On Wednesday, the market bounced back strongly to achieve a record-high close, with the Sensex rising by 0.55% and reaching a new peak of 74,151.28 points. The Nifty also surged by 0.53%, hitting a new record high of 22,497.20 points. Among the top performers were Nifty Bank, Nifty IT, and Nifty Pharma, while Nifty Media, …
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