The government waives dues totaling ₹1,351 crore, causing small-cap stocks under ₹50 to reach a 20% high. Hindustan Organic Chemicals (HOCL), a state-owned company, saw a sharp rally in early morning trade on Monday, reaching the upper circuit limit of 20%. The Government of India waived dues amounting to ₹1,351.38, which is expected to impact…
RailTel’s share price increased by over 9% on Monday after an order worth over ₹25 crore from Hindustan Petroleum Corporation Limited. RailTel shares rose 9.20% to ₹338.25 on the BSE. RailTel Corporation of India Ltd has received a work order from Hindustan Petroleum Corporation Limited for ₹25,15,24,500/- (without tax), according to a stock market filing…
Power Mech Projects’ share price increased by 6% on Monday after receiving a ₹579 crore order from Bharat Heavy Electricals Ltd for civil structural and architectural works in Jharkhand. At 9:20 am, Power Mech stock traded at ₹2,304.50 per share on the National Stock Exchange (NSE). Order specifics: According to a stock market filing, the…
Larsen & Toubro’s (L&T) share price increased by over 2% in early trade on Monday after the engineering and construction major received board approval for borrowing plans of ₹12,000 crore. L&T shares rose 2.88% to ₹3,515.90 on the BSE. L&T’s Board of Directors approved long-term borrowings of up to ₹12,000 crore. “…we want to let…
Stocks to purchase for the short term: The Indian stock market benchmark Nifty 50 finished with a robust gain of more than 4% last week, the most significant weekly advance in more than four years, with shares of SBI Life Insurance, Shriram Finance, and HDFC Life Insurance up 9-11%. Comfortable values, evidence of foreign portfolio…
Bajaj Finance’s share price rocketed to a new 52-week high on Wednesday, March 21, jumping more than 4% to Rs 9,089 per share on the NSE. The company’s share price has risen in response to the important announcement of a leadership transition and other suitable events. The rally might be attributed to the shift of…
With the Christmas season approaching, listed firms with operations in hotels, airlines, and trains are witnessing a boost in trade volumes. Market investors are particularly interested in freshly listed ITC Hotels. On Friday, ITC Hotels shares rose 5.30% to ₹192.54 on the National Stock Exchange. The stock rose to a 52-week high of ₹193.27 during…
The share price of Force Motors Limited has risen by an impressive 27% in the previous month. Taking a broader view, while not as robust as last month, the 18% year-to-date increase is also appropriate. Despite the firm’s price rebound, considering that almost half of Indian firms have price-to-earnings ratios (or “P/E’s”) more than 26x,…
The Securities and Exchange Board of India has urged all registered intermediaries to use their registered contact information while promoting on social media sites. This new regulation attempts to increase openness and safeguard investors from false marketing that has become commonplace online. Required enrollment: All SEBI-registered intermediaries must register on social media sites like Google,…
Wall Street’s main indexes rebounded from session lows on Thursday as a cabinet member signaled that the United States may soften its tariff policy. Still, chip stocks fell after investors were disappointed by Marvell’s estimate. In an interview, Commerce Secretary Howard Lutnick stated that Donald Trump will likely extend the one-month tariff-free period on imports…