On June 26, 2023, HBL Power Systems Ltd (HBL) and Ashoka Buildcon Ltd (ABL) finalised a contract. This agreement entails HBL supplying the Kavach component as part of an Engineering, Procurement, and Construction (EPC) contract secured by ABL in September 2022. ABL’s contract with East Central Railway, valued at Rs. 220 crores (including 18% GST), …
Adani Power’s wholly owned subsidiary — Adani Power (Jharkhand) (APJL) has achieved commercial operations of Unit 2 of 800 MW capacity of the 2×800 MW Ultra-supercritical power Project on June 25, 2023, following the successful completion of Reliability Run Tests, as per contract. Accordingly, APJL will hereinafter export, the entire power generated from the 2×800 …
The trading session on June 26, 2023, witnessed a dynamic and intriguing market scenario, as the NSE benchmark Nifty50 index fluctuated between gains and losses without a clear direction. However, it was the performance of small-cap stocks that stole the spotlight, with notable surges and exceptional trading volumes. This article highlights three small-cap stocks that …
Today Nifty50 Index opened at 18682.35 and closed almost flat at 18691.20, while the Nifty MicroCap 250 Index opened at 12879.90 touching a high of 12989.40, and eventually closed at 12945.35. Its 52-week highs and lows are 13147.80 and 5802.95. During the last year, the index has delivered a return of 41.16%, whereas the Nifty50 …
Indian benchmark indices struggled to gain momentum on Monday, with modest losses dampening market sentiment. However, amidst this lacklustre performance, one stock managed to capture investors’ attention and soar over 5% – Capacite Infraprojects Ltd. This construction company has become a shining star in the industry, thanks to its recent achievements and promising outlook. The …
At the beginning of the week, the Nifty index experienced a volatile session, witnessing initial selling pressure followed by a recovery in the second half of the day. Eventually, it managed to close in the green, surpassing the opening levels. Amidst this volatility, textile stocks such as Vardhman Textiles and Sutlej Textile demonstrated strength, closing …
Following the bank’s announcement in its regular filing on June 23, 2023, that it intends to raise funds through the issuance of equity shares via private placement, qualified institutions placement (QIP), preferential allotment, or any combination thereof, or any other alternative mode, as may be deemed appropriate, subject to shareholder approval and government/regulatory/statutory approvals and …
Wipro Limited is a multinational corporation headquartered in Bengaluru, India that provides a wide range of information technology, consulting, and business process services. They offer digital strategy, IT services, IT consulting, business consulting, and other services to a variety of industries including personal care, healthcare, lighting, furniture, pharmaceuticals, semiconductors, natural resources, and more. The company …
In a remarkable surge, RattanIndia Enterprises Ltd has set the stock market abuzz with a phenomenal 7% increase in its stock price, accompanied by an unprecedented surge in total trade volume on the National Stock Exchange (NSE). With over 8.8 million shares traded so far, this single-day volume surpasses any recorded since mid-January 2023, marking …
GAIL (India) has won a license to build a gas pipeline from Gurdaspur in Punjab to Jammu. Petroleum and Natural Gas Regulatory Board (PNGRB) had in January invited application cum bids for the grant of authorization for the Gurdaspur-Jammu pipeline. Two bidders namely, GAIL (India) and Indian Oil Corporation have submitted their bids. The 175-km …
