News

PG Electroplast zooms on signing definitive agreement with Spiro Mobility PG Electroplast is currently trading at Rs. 685.85, up by 61.20 points or 9.80% from its previous closing of Rs. 624.65 on the BSE. The scrip opened at Rs. 652.95 and has touched a high and low of Rs. 718.35 and Rs. 652.75 respectively. So far 163450 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 718.35 on 19-Nov-2024 and a 52 week low of Rs. 146.02 on 14-Mar-2024. Last one week high and low of the scrip stood ...
PG Electroplast zooms on signing definitive agreement with Spiro Mobility
PG Electroplast zooms on signing definitive agreement with Spiro Mobility
Source: Accord Fintech
2024-11-19 12:46:51 pm
Reduce Uno Minda Ltd For Target Rs.950 By Emkay Global Financial Services Uno Minda posted healthy Q2 results with outperformance vs MSIL accelerating further and logging a ~6% beat on consolidated EBITDA (margin up by 68bps QoQ to 11.4%). Uno expects healthy industry growth in the medium term, with sustained outperformance and retained margin guidance (toward the upper range of 10.5-11.5%). We expect further support for content per vehicle from order wins/execution and market share gains, though margin improvement is likely to be gradual amid ongoing capex. Our es...
Reduce Uno Minda Ltd For Target Rs.950 By Emkay Global Financial Services
Reduce Uno Minda Ltd For Target Rs.950 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-19 12:43:07 pm
RACL Geartech shines on receiving new nomination from BMW AG for supply of Drive Train Parts RACL Geartech is currently trading at Rs. 839.50, up by 42.40 points or 5.32% from its previous closing of Rs. 797.10 on the BSE. The scrip opened at Rs. 805.00 and has touched a high and low of Rs. 839.50 and Rs. 805.00 respectively. So far 392 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1350.00 on 23-May-2024 and a 52 week low of Rs. 769.90 on 18-Nov-2024. Last one week high and low of the scrip stood at ...
RACL Geartech shines on receiving new nomination from BMW AG for supply of Drive Train Parts
RACL Geartech shines on receiving new nomination from BMW AG for supply of Drive Train Parts
Source: Accord Fintech
2024-11-19 10:21:15 am
Jagan Lamps surges on getting nod for expansion of production capacity Jagan Lamps is currently trading at Rs. 88.00, up by 0.86 points or 0.99% from its previous closing of Rs. 87.14 on the BSE. The scrip opened at Rs. 88.90 and has touched a high and low of Rs. 91.15 and Rs. 87.00 respectively. So far 1595 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 152.99 on 12-Feb-2024 and a 52 week low of Rs. 73.52 on 21-Dec-2023. Last one week high and low of the scrip stood at Rs. 93.00...
Jagan Lamps surges on getting nod for expansion of production capacity
Jagan Lamps surges on getting nod for expansion of production capacity
Source: Accord Fintech
2024-11-18 04:02:12 pm
Rajoo Engineers touches roof on making significant investment to expand ‘Yantralaya’ Rajoo Engineers is currently trading at its upper circuit limit of Rs. 375.10, up by 17.85 points or 5.00% from its previous closing of Rs. 357.25 on the BSE. The scrip opened at Rs. 375.10 and has touched a high and low of Rs. 375.10 and Rs. 375.10 respectively. So far 82252 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 443.90 on 07-Oct-2024 and a 52 week low of Rs. 70.95 on 16-Nov-2023. Last one week high an...
Rajoo Engineers touches roof on making significant investment to expand ‘Yantralaya’
Rajoo Engineers touches roof on making significant investment to expand ‘Yantralaya’
Source: Accord Fintech
2024-11-18 10:06:33 am
Buy MTAR Technologies Ltd For Target Rs.2,000 By Motilal Oswal Financial Services Ltd Space and Clean Energy business drives recovery Operating performance in line with estimates * MTARTECH reported healthy revenue growth in 2QFY25 (14% YoY/48% QoQ) after three consecutive quarters of declining revenue, indicating a recovery going ahead. Margins improved 640bp QoQ (down 230bp YoY), led by favorable operating leverage. The order book remained healthy at INR9.4b (up 5% QoQ). * The management expects a strong performance in 2HFY25, with full-year revenue guidance of ~INR...
Buy MTAR Technologies Ltd For Target Rs.2,000 By Motilal Oswal Financial Services Ltd
Buy MTAR Technologies Ltd For Target Rs.2,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-15 02:26:58 pm
Buy Greenpanel Industries Ltd For Target Rs. 451 by Yes Securities Ltd Result Synopsis As expected, Greenpanel Industries (GREENP) registered weak performance in Q2FY25. The core segment, MDF (89% of revenue), reported a degrowth of 17%YoY & 11%QoQ, wherein volumes degrew by 18%YoY & 15%QoQ (2-year volume CAGR came in at -10%) and blended realizations improved by 2%YoY & 5%QoQ. Volumes declined owing to higher competitive intensity in domestic markets coupled with sharp degrowth of 55%YoY & 30%QoQ in exports (15% of vols) biz. Domestic ASP dec...
Buy Greenpanel Industries Ltd For Target Rs. 451 by Yes Securities Ltd
Buy Greenpanel Industries Ltd For Target Rs. 451 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-15 01:00:18 pm
Buy Somany Ceramics Ltd For Target Rs. 873 by Yes Securities Ltd Result Synopsis Somany Ceramics Ltd (SOMC), registered a muted performance in Q2FY25. Company’s tile volumes grew by 3%YoY (2-year CAGR stood at 6%) while tile revenue remained flattish YoY on account of 3% reduction in realizations. Operating margins remained under pressure at 8.4% Vs 9.8% in Q2FY24 & 8.5% in the previous quarter due to one of the lowest capacity utilizations which came in at 77% as compared to 88%/81% in Q2FY24/Q1FY25 respectively largely due to sluggish demand...
Buy Somany Ceramics Ltd For Target Rs. 873 by Yes Securities Ltd
Buy Somany Ceramics Ltd For Target Rs. 873 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-15 12:30:56 pm
Buy Apollo Pipes Ltd For Target Rs. 640 by Yes Securities Ltd Result Synopsis Apollo Pipes Ltd (APOLP) reported a lackluster performance in Q2FY25. Volumes (82% of total) for Apollo Pipes (standalone), declined by 17%YoY to 16,430Te (2-year CAGR stands at mere 3%) due to lower agri & infra demand which constituted ~30% of volumes Vs 40-45% previously. Though ASP improved sequentially by Rs7.3/kg to Rs122.1, EBITDA/Kg declined to Rs11 as compared to Rs12.2/Rs11.6 in Q2FY24/Q1FY25 respectively, owing to low volume off-take and minor inventory loss ...
Buy Apollo Pipes Ltd For Target Rs. 640 by Yes Securities Ltd
Buy Apollo Pipes Ltd For Target Rs. 640 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-15 10:10:19 am
Buy Greenply Industries Ltd For Target Rs. 1,177 By Choice Broking Ltd The top line of the company has up by 5.4/9.7% YoY/QoQ basis to Rs 6.4bn vs our estimates Rs.5.5bn backed by better volumes in Plywood segment. However, Plywood segment revenue grew by of 7.6% YoY to Rs 5.1bn vs CEBPL est of Rs 4.2bn and margins improved by 14bps to 9% and MDF segment reported a revenue growth of 42% on YoY to 1.26bn vs CEBPL est of 1.23bn backed by healthy volume growth of 30% on YoY basis to 40,553CBM, MDF Realization grew by 8% YoY to 31,169/CBM backed by healthy pre lam M...
Buy Greenply Industries Ltd For Target Rs. 1,177 By Choice Broking Ltd
Buy Greenply Industries Ltd For Target Rs. 1,177 By Choice Broking Ltd
Source: Choice Broking
2024-11-14 05:04:06 pm
Buy Cera Sanitaryware Ltd For Target Rs.8,224 by Yes Securities Ltd Result Synopsis Cera Sanitaryware Ltd (CRS) reported better than expected revenue but margins remained under-pressure owing to higher input cost and elevated other expenses. Revenue stood at Rs4.93Bn, a growth of 6%YoY (2-year CAGR stood at 9%) wherein major growth was driven by faucets biz which reported a growth of 21%YoY (2-year CAGR came in at 19%) constituting 41% of sales Vs 36% in Q2FY24. Sanitaryware biz constituted 46% of revenue Vs 51% in Q2FY24 and registered a degrowth of 4%YoY...
Buy Cera Sanitaryware Ltd For Target Rs.8,224 by Yes Securities Ltd
Buy Cera Sanitaryware Ltd For Target Rs.8,224 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-14 04:41:30 pm
Century Plyboards inches up on getting nod to set up new unit in Punjab Century Plyboards (India) is currently trading at Rs. 748.60, up by 0.45 points or 0.06% from its previous closing of Rs. 748.15 on the BSE. The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 766.45 and Rs. 738.25 respectively. So far 3169 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 938.60 on 11-Oct-2024 and a 52 week low of Rs. 614.25 on 15-Apr-2024. Last one week high and low of the scrip...
Century Plyboards inches up on getting nod to set up new unit in Punjab
Century Plyboards inches up on getting nod to set up new unit in Punjab
Source: Accord Fintech
2024-11-14 04:04:50 pm
Lumax Auto Technologies zooms on getting nod to invest funds in three entities Lumax Auto Technologies is currently trading at Rs. 515.00, up by 31.85 points or 6.59% from its previous closing of Rs. 483.15 on the BSE. The scrip opened at Rs. 514.05 and has touched a high and low of Rs. 534.45 and Rs. 510.00 respectively. So far 18770 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 608.15 on 02-Jul-2024 and a 52 week low of Rs. 363.05 on 25-Jan-2024. Last one week high and low of the scrip...
Lumax Auto Technologies zooms on getting nod to invest funds in three entities
Lumax Auto Technologies zooms on getting nod to invest funds in three entities
Source: Accord Fintech
2024-11-14 12:33:35 pm
Varroc Engineering trades higher on reporting 4% rise in Q2 consolidated net profit Varroc Engineering is currently trading at Rs. 506.05, up by 7.65 points or 1.53% from its previous closing of Rs. 498.40 on the BSE. The scrip opened at Rs. 508.40 and has touched a high and low of Rs. 515.25 and Rs. 499.90 respectively. So far 4591 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 717.00 on 14-Jun-2024 and a 52 week low of Rs. 432.20 on 14-Mar-2024. Last one week high and low of the scrip stood ...
Varroc Engineering trades higher on reporting 4% rise in Q2 consolidated net profit
Varroc Engineering trades higher on reporting 4% rise in Q2 consolidated net profit
Source: Accord Fintech
2024-11-14 12:25:35 pm
HEG rises on getting nod for further investment in Bhilwara Infotechnology HEG is currently trading at Rs. 408.65, up by 2.95 points or 0.73% from its previous closing of Rs. 405.70 on the BSE. The scrip opened at Rs. 396.00 and has touched a high and low of Rs. 415.00 and Rs. 396.00 respectively. So far 14842 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 548.92 on 22-May-2024 and a 52 week low of Rs. 310.61 on 28-Nov-2023. Last one week high and low of the scrip stood at Rs. 454.55 ...
HEG rises on getting nod for further investment in Bhilwara Infotechnology
HEG rises on getting nod for further investment in Bhilwara Infotechnology
Source: acc
2024-11-14 12:17:00 pm
Centum Electronics rises on getting nod to raise upto Rs 250 crore Centum Electronics is currently trading at Rs. 1680.20, up by 22.65 points or 1.37% from its previous closing of Rs. 1657.55 on the BSE. The scrip opened at Rs. 1842.00 and has touched a high and low of Rs. 1842.00 and Rs. 1666.20 respectively. So far 146 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2097.15 on 29-Apr-2024 and a 52 week low of Rs. 1345.10 on 29-Dec-2023. Last one week high and low of the scri...
Centum Electronics rises on getting nod to raise upto Rs 250 crore
Centum Electronics rises on getting nod to raise upto Rs 250 crore
Source: Accord Fintech
2024-11-13 11:21:03 am
Add Exide Industries Ltd For Target Rs.521 By Yes Securities Ltd Maintain ADD; LIB ramp-up a key ahead Valuation and View – Valuations expansion limited upside EXID’s 2QFY25 results were weak with EBITDA/Adj.PAT miss of ~13%/8% to our and consensus. This was led by lower-than-expected revenues which grew ~4% YoY (-1.1% QoQ) while gross margins at 31.5% were in-line (+40bp/+90bp YoY/QoQ), primarily led favorable product mix, selective price hikes. Further, lead prices have declined by ~5.6%/5% YoY/QoQ in 2QFY25, which should fully reflect ...
Add Exide Industries Ltd For Target Rs.521 By Yes Securities Ltd
Add Exide Industries Ltd For Target Rs.521 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-12 02:24:43 pm
Dee Development trades jubilantly on getting nod to set up new manufacturing plant in Gujarat Dee Development is currently trading at Rs. 303.10, up by 43.45 points or 16.73% from its previous closing of Rs. 259.65 on the BSE. The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 307.85 and Rs. 281.55 respectively. So far 105548 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 400.00 on 05-Jul-2024 and a 52 week low of Rs. 226.00 on 25-Oct-2024. Last one week high and low of the scrip stoo...
Dee Development trades jubilantly on getting nod to set up new manufacturing plant in Gujarat
Dee Development trades jubilantly on getting nod to set up new manufacturing plant in Gujarat
Source: Accord Fintech
2024-11-12 11:48:48 am
Windsor Machines touches roof on acquiring 100% stake in Global CNC Windsor Machines is currently trading at its upper circuit limit of Rs. 253.45, up by 23.00 points or 9.98% from its previous closing of Rs. 230.45 on the BSE. The scrip opened at Rs. 236.00 and has touched a high and low of Rs. 253.45 and Rs. 236.00 respectively. So far 34979 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 254.40 on 08-Nov-2024 and a 52 week low of Rs. 64.01 on 20-Mar-2024. Last one week high a...
Windsor Machines touches roof on acquiring 100% stake in Global CNC
Windsor Machines touches roof on acquiring 100% stake in Global CNC
Source: Accord Fintech
2024-11-12 11:19:07 am
Kranti Industries shines on bagging order from CNH Industrial Kranti Industries is currently trading at Rs. 69.23, up by 3.73 points or 5.69% from its previous closing of Rs. 65.50 on the BSE. The scrip opened at Rs. 67.96 and has touched a high and low of Rs. 70.99 and Rs. 65.03 respectively. So far 27616 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.00 on 15-Nov-2023 and a 52 week low of Rs. 59.00 on 28-Oct-2024. Last one week high and low of the scrip stood at Rs...
Kranti Industries shines on bagging order from CNH Industrial
Kranti Industries shines on bagging order from CNH Industrial
Source: Accord Fintech
2024-11-11 02:30:08 pm
Reduce Finolex Industries Ltd For Target Rs 270 By Yes Securities Ltd Disappoints on profitability, assign REDUCE! Result Synopsis Finolex Industries Ltd reported a poor performance in Q2FY25 wherein revenue declined by 6%YoY. Pipe revenue declined by 4%YoY wherein volumes grew by 10%YoY driven by higher volumes from plumbing segment & ASP declined by 13%YoY to Rs118/Kg. Though volumes for pipes increased, profitability took a sharp knock and registered an EBIT loss of Rs390Mn Vs profit of Rs680Mn in Q2FY24, largely owing to reduction in ASP. PVC reve...
Reduce Finolex Industries Ltd For Target Rs 270 By Yes Securities Ltd
Reduce Finolex Industries Ltd For Target Rs 270 By Yes Securities Ltd
Source: uploads/news/Finolex Industries Ltd.jpg
2024-11-10 11:58:02 am
Neutral Balkrishna Industries Ltd For Target Rs.2,890 By Motilal Oswal Financial Services Ltd Operationally better Q2; Demand headwinds to persist Increased capex guidance to INR8-10b for FY25 from INR6-7b earlier * Balkrishna Industries (BIL)’s 2QFY25 was operationally better than expected with EBITDA of INR6.2b (+13% YoY, est. INR5.9b), led by better ASP and lower promotional expenses. However, Adj. PAT was in line. Weak demand in its key markets (ex India) remains the key cause of concern going forward even as margins are likely to stabilize at current levels for H...
Neutral Balkrishna Industries Ltd For Target Rs.2,890 By Motilal Oswal Financial Services Ltd
Neutral Balkrishna Industries Ltd For Target Rs.2,890 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 11:29:24 am
Neutral SRF Ltd For Target Rs.2,080 By Motilal Oswal Financial Services Ltd Weakness in the Chemicals business hampers performance Operating performance below estimates * SRF posted weak performance in 2QFY25, with a material decline in operating profitability (EBIT down 22% YoY), due to the continuous weakness in the Chemicals business (EBIT dipped 29% YoY). The Technical Textiles business also witnessed subdued performance (EBIT down 5% YoY), which was offset by a relatively healthier performance in the Packaging Film business (EBIT grew 7% YoY). * The ov...
Neutral SRF Ltd For Target Rs.2,080 By Motilal Oswal Financial Services Ltd
Neutral SRF Ltd For Target Rs.2,080 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-11-06 05:17:23 pm
Add SRF Ltd For Target Rs.2,600 By Emkay Global Financial Services Chemicals business outlook to remain weak for FY25 SRF’s chemicals business (CB) has again been weak in Q2FY25 (revenue lower by 8% QoQ/5% YoY) with lower margins (EBIT margin of 18% vs 24%/21% in Q2FY24/Q1FY25), on slowdown in agrochemical market and pressure due to inventory adjustments as well as volume/pricing pressure in the US refrigerant gas business (domestic market volumes have been strong). Packaging Films business’ (PFB) demand-supply imbalance persists and is likely...
Add SRF Ltd For Target Rs.2,600 By Emkay Global Financial Services
Add SRF Ltd For Target Rs.2,600 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-05 05:33:29 pm
Sell Johnson Controls-Hitachi Air Conditioning Ltd For Target Rs. 2,151 By Yes Securities Ltd Inline revenue growth, gross margin lower; reiterate SELL Result Synopsis JCHAC has continued to deliver superlative performance with strong industry leading growth for 3 quarters in a row. Revenue grew 41.5% marginally higher than estimates, while EBITDA loss has been 16% higher than anticipated. Lower gross margin has contributed in higher-thanexpected EBITDA loss. Our channel checks suggest JCHAC has now started to regain its market share loss, however it’s market share is way ...
Sell Johnson Controls-Hitachi Air Conditioning Ltd For Target Rs. 2,151 By Yes Securities Ltd
Sell Johnson Controls-Hitachi Air Conditioning Ltd For Target Rs. 2,151 By Yes Securities Ltd
Source: Yes Securities Ltd.
2024-11-04 06:19:09 pm
India`s manufacturing sector regains growth momentum; PMI at 57.5 in October India's manufacturing sector regained growth momentum in the month of October, fuelled by faster increases in total new orders and international sales. An associated rise in production requirements boosted demand for raw materials, with suppliers comfortably able to deliver inputs in a timely manner. Besides, goods producers were also more willing to take on additional staff which, coupled with rising material costs, added to business expenses. Both input prices and selling charges increa...
India`s manufacturing sector regains growth momentum; PMI at 57.5 in October
India`s manufacturing sector regains growth momentum; PMI at 57.5 in October
Source: Accord Fintech
2024-11-04 03:35:33 pm
SSWL trades lower on reporting 6% fall in net turnover in October 2024 Steel Strips Wheels is currently trading at Rs. 201.90, down by 5.35 points or 2.58% from its previous closing of Rs. 207.25 on the BSE. The scrip opened at Rs. 207.25 and has touched a high and low of Rs. 207.25 and Rs. 198.95 respectively. So far 10150 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 297.65 on 16-Nov-2023 and a 52 week low of Rs. 189.00 on 29-Oct-2024. Last one week high and low of the scrip st...
SSWL trades lower on reporting 6% fall in net turnover in October 2024
SSWL trades lower on reporting 6% fall in net turnover in October 2024
Source: Accord Fintech
2024-11-04 02:35:27 pm
Export orders fuel India`s manufacturing growth, jobs in October: HSBC India’s manufacturing sector growth accelerated in October, fuelled by faster increases in total new orders and international sales, leading to the creation of more jobs during the month, according to the HSBC data released on Monday.  The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) compiled by S&P Global, rose from September's eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in o...
Export orders fuel India`s manufacturing growth, jobs in October: HSBC
Export orders fuel India`s manufacturing growth, jobs in October: HSBC
Source: IANS
2024-11-04 02:11:32 pm
Thailand`s manufacturing sector stagnates in October Thailand's manufacturing sector slowed to stagnation in October as new orders fell slightly despite a continued rise in output and employment, a survey showed on Friday.  The Southeast Asian country's manufacturing purchasing managers' index (PMI) came in at 50 last month, edging down from 50.4 in September, marking the end of a five-month upturn and signalling a stagnation in manufacturing sector performance, according to S&P Global. A PMI reading above 50 indi...
Thailand`s manufacturing sector stagnates in October
Thailand`s manufacturing sector stagnates in October
Source: IANS
2024-11-01 07:29:52 pm
Supreme Industries gains on securing approval to manufacture Type-IV Composite CNG cylinders Supreme Industries is currently trading at Rs. 4416.80, up by 83.10 points or 1.92% from its previous closing of Rs. 4333.70 on the BSE. The scrip opened at Rs. 4418.70 and has touched a high and low of Rs. 4445.00 and Rs. 4313.80 respectively. So far 2041 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 6482.40 on 12-Jun-2024 and a 52 week low of Rs. 3604.20 on 13-Mar-2024. Last one week high and low of the scri...
Supreme Industries gains on securing approval to manufacture Type-IV Composite CNG cylinders
Supreme Industries gains on securing approval to manufacture Type-IV Composite CNG cylinders
Source: Accord Fintech
2024-10-30 12:41:02 pm
JSW Energy shines as its arm signs licensing agreement to manufacture wind turbine blades JSW Energy is currently trading at Rs. 667.00, up by 22.75 points or 3.53% from its previous closing of Rs. 644.25 on the BSE. The scrip opened at Rs. 644.45 and has touched a high and low of Rs. 667.50 and Rs. 638.00 respectively. So far 81802 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 804.95 on 24-Sep-2024 and a 52 week low of Rs. 375.20 on 01-Nov-2023. Last one week high and low of the scrip stood at Rs...
JSW Energy shines as its arm signs licensing agreement to manufacture wind turbine blades
JSW Energy shines as its arm signs licensing agreement to manufacture wind turbine blades
Source: Accord Fintech
2024-10-29 02:26:13 pm
Investment Pick For Diwali 2024 : Garware HiTech Films Ltd For Target Rs. 4,800 By Nirmal Bang Ltd Garware Hi-Tech Films Limited (GHFL) produces high quality and varieties of specialty polyester films used in various industries across the globe such as Paint Protection Films (PPF), Sun Control Films (SCF), Shrink Labels, etc. It is one of the few companies in the world to have a vertically integrated chip-to-film facility in Aurangabad, Maharashtra. The Company’s well established global brands, ‘Garware Suncontrol Films’ and ‘Global Window Films’ are known for...
Investment Pick For Diwali 2024 : Garware HiTech Films Ltd For Target Rs. 4,800 By Nirmal Bang Ltd
Investment Pick For Diwali 2024 : Garware HiTech Films Ltd For Target Rs. 4,800 By Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-10-29 12:22:05 pm
Diwali Pick 2024 : Buy Titan Company Ltd For Target Rs. 4,270 By Religare Broking Ltd Focusing on premiumization, digital channels, and global expansion Titan Company Limited, a prominent player in India’s consumer goods sector, is renowned for its wide range of products across watches, jewellery, and eyewear. Established in 1984 as a joint venture between Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), Titan's portfolio includes popular brands like Tanishq (jewellery), Fastrack (youth accessories), and Titan Eye+ (eyewear). Its jewellery...
Diwali Pick 2024 : Buy Titan Company Ltd For Target Rs. 4,270 By Religare Broking Ltd
Diwali Pick 2024 : Buy Titan Company Ltd For Target Rs. 4,270 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-29 11:28:34 am
India`s focus on expanding manufacturing sector key to create more formal, quality jobs India will need more formal and quality jobs to ensure better income distribution as it becomes a $5 trillion economy in the medium term and advances toward its long-term goal of embodying Viksit Bharat or a fully developed nation by 2047, according to a new report.  The government’s focus on expanding the manufacturing sector is critical, as transitioning workers into this sector increases the likelihood of securing formal employment, given that 51.4 per cent of manufacturing j...
India`s focus on expanding manufacturing sector key to create more formal, quality jobs
India`s focus on expanding manufacturing sector key to create more formal, quality jobs
Source: IANS
2024-10-27 04:15:04 pm
India`s manufacturing industry regains growth momentum, hiring up in services sector India’s manufacturing industry regained growth momentum in October and the acceleration was supported by quicker increases in factory production and services activity, according to a new report.  India’s private sector economy continued to showcase robust growth in October, according to the latest HSBC ‘flash’ PMI survey compiled by S&P Global. Meanwhile, hiring was stronger in the service sector. The latest increase in employment was sharp and the q...
India`s manufacturing industry regains growth momentum, hiring up in services sector
India`s manufacturing industry regains growth momentum, hiring up in services sector
Source: IANS
2024-10-26 08:44:47 am
India's business activity grows at faster clip in Oct, PMI shows Growth in India's business activity picked up slightly in October after softening last month, led by stronger demand in the manufacturing sector, according to a survey that also showed job creation rose at the fastest pace since February 2006. HSBC's flash India Composite Purchasing Managers' Index, compiled by S&P Global, rose to 58.6 this month from September's final reading of 58.3, which was a 10-month low. The headline index has been above the 50-level separatin...
India's business activity grows at faster clip in Oct, PMI shows
India's business activity grows at faster clip in Oct, PMI shows
Source: Reuters
2024-10-24 11:22:53 am
TD Power Systems soars on bagging two large orders with combined value of Rs 142 crore TD Power Systems is currently trading at Rs. 407.00, up by 21.20 points or 5.50% from its previous closing of Rs. 385.80 on the BSE. The scrip opened at Rs. 390.00 and has touched a high and low of Rs. 409.70 and Rs. 385.00 respectively. So far 57748 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 450.00 on 27-Aug-2024 and a 52 week low of Rs. 225.20 on 25-Oct-2023. Last one week high and low of the scrip stood ...
TD Power Systems soars on bagging two large orders with combined value of Rs 142 crore
TD Power Systems soars on bagging two large orders with combined value of Rs 142 crore
Source: Accord Fintech
2024-10-15 12:55:36 pm
India`s industrial production contracts 0.1% in August India’s industrial production, measured in terms of the Index of Industrial Production (IIP), turned negative as it contracted by 0.1 per cent in August 2024, after a gap of nearly two years, mainly due to a decline in the mining and power generation sectors’ output, in addition to an almost flat expansion in the manufacturing sector. According to the data released by the National Statistical Office (NSO), factory output growth has also been revised downwards for July to 4.7 per c...
India`s industrial production contracts 0.1% in August
India`s industrial production contracts 0.1% in August
Source: Accord Fintech
2024-10-14 09:51:24 am
India`s industrial production sees marginal contraction, manufacturing production rises  India's Index of Industrial Production (IIP) saw a marginal contraction of 0.1 per cent in the month of August, against July's 4.7 per cent as manufacturing production rose by 1 per cent, the Ministry of Statistics data showed on Friday.   In the manufacturing sector, the top three positive contributors were the manufacturing of basic metals (3.0 per cent), electrical equipment (17.7 per cent), and chemicals and chemical products (2.7 per cent) in August. The growth r...
India`s industrial production sees marginal contraction, manufacturing production rises
India`s industrial production sees marginal contraction, manufacturing production rises
Source: IANS
2024-10-12 10:53:52 am
Stock of the day : Exide Industries Ltd For Target Rs. 560 - Religare Broking Exide Industries Ltd * EXIDEIND has formed a white Marubozu candle expressing robust positive move. * Stock has given range breakout from its accumulation phase around 100EMA * Strong support and vigorous rebound forming swift vertical move from 100 EMA & breakout over trend line resumed it’s primary trend i.e. bullish. * Traders are advised to consider longs & upright the further move keeping mentioned range in focus. Buy Exide Indust...
Stock of the day : Exide Industries Ltd For Target Rs. 560 - Religare Broking
Stock of the day : Exide Industries Ltd For Target Rs. 560 - Religare Broking
Source: Religare Broking Ltd
2024-10-10 12:16:35 pm
Kranti Industries rises on getting final clearance for commercial production of Agri Implements project Kranti Industries is currently trading at Rs. 67.89, up by 2.70 points or 4.14% from its previous closing of Rs. 65.19 on the BSE. The scrip opened at Rs. 69.99 and has touched a high and low of Rs. 70.99 and Rs. 66.31 respectively. So far 5720 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.00 on 15-Nov-2023 and a 52 week low of Rs. 61.01 on 08-Oct-2024. Last one week high and low of the scrip stood at Rs....
Kranti Industries rises on getting final clearance for commercial production of Agri Implements project
Kranti Industries rises on getting final clearance for commercial production of Agri Implements project
Source: Accord Fintech
2024-10-10 09:58:20 am
Stock of the day : Havells India Ltd For Target Rs. 2062 - Religare Broking Havells India Ltd * Decent rebound in select consumer durable and Havells also participated in the move. * Strong rebound from bottom forming bullish engulfing & positive conviction in closing above previous days range * Minor & heathy correction from record highs and rebound convinced the price action back to primary trend i.e. Bullish * Traders can accumulate in the said range in seek of follow-on upside.   Buy Havells India Ltd CMP 1948.45&...
Stock of the day : Havells India Ltd For Target Rs. 2062 - Religare Broking
Stock of the day : Havells India Ltd For Target Rs. 2062 - Religare Broking
Source: Religare Broking
2024-10-09 10:33:58 am
India offers $15 billion opportunity for Taiwanese firms in high-tech manufacturing  As India doubles down on local manufacturing of end-to-end electronics products and more, there lies a massive $15 billion opportunity for Taiwanese companies across sectors like printed circuit boards (PCBs), electronic components and electric vehicle (EV) infrastructure, according to a new report.  Other sectors like electric motors, CCTV and smart healthcare (fitness trackers, smartwatches, heart rate monitors etc) also hold promise for Taiwan, according to the report by the ...
India offers $15 billion opportunity for Taiwanese firms in high-tech manufacturing
India offers $15 billion opportunity for Taiwanese firms in high-tech manufacturing
Source: IANS
2024-10-09 10:28:26 am
Subam Papers lists with 6% discount on the BSE Subam Papers has debuted at Rs 142.00 on the BSE, down by 10 points or 6.58% from its issue price of Rs 152.00.  The scrip is currently trading at Rs 148.00, down by 4 points or 2.63% from its issue price.  It has touched a high and low of Rs 148.90 and Rs 134.90 respectively. So far 13.79 lakh shares were traded on the counter. The offering, which was open for subscription between September 30, 2024 and October 03, 2024 was subscribed around 92 times. The issue price was f...
Subam Papers lists with 6% discount on the BSE
Subam Papers lists with 6% discount on the BSE
Source: Accord Fintech
2024-10-08 11:19:27 am
Cyient DLM gains on getting nod to acquire 100% stake in Altek Electronics through arm Cyient DLM is currently trading at Rs. 695.80, up by 5.40 points or 0.78% from its previous closing of Rs. 690.40 on the BSE. The scrip opened at Rs. 699.05 and has touched a high and low of Rs. 704.40 and Rs. 684.85 respectively. So far 8920 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 882.90 on 26-Feb-2024 and a 52 week low of Rs. 580.00 on 05-Jun-2024. Last one week high and low of the scrip stood at Rs. ...
Cyient DLM gains on getting nod to acquire 100% stake in Altek Electronics through arm
Cyient DLM gains on getting nod to acquire 100% stake in Altek Electronics through arm
Source: Accord Fintech
2024-10-04 11:14:38 am
Apple to launch more retail stores in India as it manufactures all iPhone 16 models in country Driven by the positive response to its Mumbai and Delhi retail stores, Apple on Friday said it is geared up to launch more exclusive, own-branded stores in the country where the iPhone maker is witnessing a surge in domestic sales as well as export figures.  New Apple retail stores will come in Bengaluru, Pune, Delhi-NCR and Mumbai. However, no timeline has been set so far. According to Deirdre O’Brien, Apple’s senior vice president of Retail, the company is thrilled &q...
Apple to launch more retail stores in India as it manufactures all iPhone 16 models in country
Apple to launch more retail stores in India as it manufactures all iPhone 16 models in country
Source: IANS
2024-10-04 10:07:10 am
Oriental Rail Infrastructure rises on securing order worth Rs 3.68 crore Oriental Rail Infrastructure is currently trading at Rs. 271.65, up by 3.50 points or 1.31% from its previous closing of Rs. 268.15 on the BSE. The scrip opened at Rs. 269.00 and has touched a high and low of Rs. 274.40 and Rs. 268.15 respectively. So far 5288 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 445.00 on 19-Jul-2024 and a 52 week low of Rs. 94.17 on 05-Oct-2023. Last one week high and low of the scr...
Oriental Rail Infrastructure rises on securing order worth Rs 3.68 crore
Oriental Rail Infrastructure rises on securing order worth Rs 3.68 crore
Source: Accord Fintech
2024-10-04 09:57:22 am
Transformers & Rectifiers shines on securing orders worth Rs 565 crore Transformers & Rectifiers (India) is currently trading at Rs. 670.00, up by 18.25 points or 2.80% from its previous closing of Rs. 651.75 on the BSE. The scrip opened at Rs. 641.00 and has touched a high and low of Rs. 676.50 and Rs. 639.20 respectively. So far 11897 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 845.70 on 13-Jun-2024 and a 52 week low of Rs. 142.10 on 26-Oct-2023. Last one week high and lo...
Transformers & Rectifiers shines on securing orders worth Rs 565 crore
Transformers & Rectifiers shines on securing orders worth Rs 565 crore
Source: Accord Fintech
2024-10-03 09:41:08 am