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…
Market downturns can be nerve-wracking, but for long-term investors, often present the best opportunities to buy high-quality stocks at discounted prices. While volatility might scare some traders away, savvy investors know that downturns can be the perfect time to build wealth. Two stocks that stand out as strong long-term buys during a market dip are…
India has issued a stark warning about the potential fallout from a long-running tax dispute with German automaker Volkswagen, cautioning that a victory for the company in the case could set a dangerous precedent with “catastrophic consequences” for the country’s taxation system. The $1.4 billion dispute, which stems from alleged unpaid duties, has become a…
Tamdeen Investment has reported a net profit of 767,086 Kuwaiti dinars for the fourth quarter of 2024, reflecting the company’s stable financial performance amid evolving market conditions. Alongside its earnings report, the company has declared a 50 fils dividend payout, reaffirming its commitment to rewarding shareholders. Steady Profitability Despite Market Challenges Tamdeen Investment’s latest financial…
Avalon Pharma has wrapped up a successful financial year, reporting a 21% jump in net profit for 2024. The impressive growth comes as the company continues to expand its market presence, optimize operations, and capitalize on rising demand for pharmaceutical products. Strong Sales Drive Profit Growth The pharmaceutical giant saw steady revenue growth throughout the…
Alandalus Property has reported a net loss for 2024 despite seeing an increase in revenue, marking a challenging year for the real estate company. Despite the setback, the firm has opted to maintain its dividend payout, reassuring investors about its long-term financial stability. Revenue Growth Fails to Offset Losses Alandalus Property saw a rise in…