Order Win: Apollo Micro Systems secured a project from the Indian Army for a Vehicle Mounted Counter Swarm Drone System (VMCSDS). Stock Surge: The company’s stock price jumped 5% and hit the upper circuit limit, meaning there were more buyers than sellers at that price. This indicates strong investor interest. […]
Record High: Aurobindo Pharma’s stock price reached an all-time high today, July 15th, 2024. Buyback Proposal: This surge comes after the company announced their board will meet on July 18th to consider their first-ever share buyback program. Investors are likely reacting positively to the potential buyback, which could increase the […]
The Indian stock market rose today, with the Nifty 50 index closing at a new high of 24,635. The Sensex also gained 290 points. This is positive news for the Indian economy, as it suggests that investors are confident in the country’s future prospects. There are a number of factors […]
Quant Mutual Fund is facing a Securities and Exchange Board of India (SEBI) probe into possible front-running,but they are clarifying recent actions. SEBI data collection: There were reports of SEBI collecting data from Quant Mutual Fund. The fund house says this data collection was not a regular process, but rather […]
The National Stock Exchange of India (NSE) has made stricter rules for what kind of stocks can be used as collateral. This will affect borrowing money for trading purposes. What is collateral? Collateral is a security that a borrower gives to a lender to secure a loan. If the borrower […]
Strong Gains: Oil India’s stock price has surged by 17% in just the last two days. Market Cap Nears Milestone: This impressive rally has pushed Oil India’s market capitalization close to the coveted 1 trillion rupee mark. Continued Momentum: It’s unclear if the rally will continue, but the recent performance […]
Record Highs: Sensex and Nifty closed at record highs. Sensex jumped 1.24% to settle at a new peak of 80,893.51. Nifty 50 surged 1.13% to close at a record high of 24,592.20. IT Sector Leads the Charge: IT stocks were the biggest gainers, propelling the major indices to new highs. […]
Positive: Strong TCS Q1: A solid performance by TCS, the leading Indian IT company, can boost investor confidence in the entire sector. It suggests healthy demand for IT services and strengthens the outlook for other companies. Surprise US CPI drop: A lower Consumer Price Index (CPI) in the US indicates […]
Current GMP: ₹50 (as of July 11th, 2024, 5:25 PM) Price Band: ₹123 – ₹130 Estimated Listing Price (based on GMP): ₹180 (price band cap + GMP) Expected Gain (based on GMP): 38.46% Important Points to Consider: Grey Market Premium (GMP) is Unofficial: The GMP is an unofficial indicator of […]
Revenue Growth: While the profit growth is healthy, the revenue growth of 5.4% is slightly lower than the projected 4.8-5% range by analysts . Margin Pressure: As expected, the wage hikes impacted margins, aligning with analyst predictions of a contraction . Workforce Expansion: Adding over 5,400 employees suggests TCS is […]