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Stocks/Share Market - Angel One

Top 3 stocks trading below Rs 100

Top 3 stocks trading below Rs 100

15 May 2024

During Wednesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Suzlon Energy Ltd Today, Suzlon Energy’s stock hit a high of Rs 42.2 with a traded volume of 42,743,772 shares. Currently trading at Rs 42.2, it marks a 4.98% increase from the previous …

Suzlon – MSCI Rejig Might See Massive Inflows

Suzlon – MSCI Rejig Might See Massive Inflows

15 May 2024

Suzlon Energy is an Indian Multinational wind turbine manufacturer founded in 1995, It is headquartered in Pune. The shares of the wind turbine manufacturer may see a massive inflow as of the latest rejig of MSCI. Suzlon Shares may see inflows of $14 million Suzlon Energy Ltd. was one of the nine stocks that were …

Granules Released Q4 FY2024 Results: EBITDA Increased 12% YoY

Granules Released Q4 FY2024 Results: EBITDA Increased 12% YoY

15 May 2024

Granules India Limited, a leading vertically integrated pharmaceutical company, announced its financial results for the fourth quarter (Q4) and full fiscal year (FY) 2024, ending March 31, 2024. The report paints a mixed picture, with a slight decline in overall revenue balanced by a significant increase in the North American market. Revenue Trends and Market …

Five Companies That Doubled Their Share Price in Just Two Months

Five Companies That Doubled Their Share Price in Just Two Months

15 May 2024

The Indian stock market has been a bit of a roller coaster ride in 2024. While the S&P BSE Sensex Index only went up 0.47% in the past two months, there’s been a lot of movement underneath the surface. This volatility is likely due to factors like the upcoming elections, which can make investors jittery. …

EaseMyTrip To Bolster Operational Growth by Partnering with Google Wallet

EaseMyTrip To Bolster Operational Growth by Partnering with Google Wallet

15 May 2024

One of India’s top travel technology platforms, EaseMyTrip.com, revealed on May 15, 2024, that it has partnered with Google Wallet, which represents a major improvement in the overall user experience. The goal of this partnership is to completely transform the travel industry by providing travellers with a flawless experience by combining all booking requirements into …

Oil India – Board Meeting on May 20 to Consider Issue of Bonus Shares

Oil India – Board Meeting on May 20 to Consider Issue of Bonus Shares

15 May 2024

Established over a century ago, Oil India (OIL) traces its roots back to the discovery of crude oil in Digboi, Assam, in 1889. Originally known as Burma Oil Company (BOC), the company witnessed several transformations before emerging as the entity we know today.  Corporate Structure: Incorporated as ‘Oil India Private Ltd’ on February 18, 1959, …

ICICI Securities – 16 Fund Houses Vote To Delist The Company

ICICI Securities – 16 Fund Houses Vote To Delist The Company

15 May 2024

ICICI Securities, the broking subsidiary of ICICI Bank, has received approval from shareholders to delist its stock, paving the way for a merger with its parent company.  During a vote held recently, 16 fund houses voted in favour while 7 opposed the plan. Among public institutional investors, who hold 16.68% of the company, 83.8% supported …

PVR Inox Cuts Down On Capex By 25%, 70 Screens To Get Axed

PVR Inox Cuts Down On Capex By 25%, 70 Screens To Get Axed

15 May 2024

PVR Inox is an Indian multiplex chain based in Mumbai. It is formed by the merger of PVR Cinemas with INOX  Leisure multiplex. The company has reported muted Q4 earnings yesterday and it has decided to cut down its Capex by 25% in FY25. PVR Inox to bring down FY25 Capex Nitin Sood, CFO of …

PFC Reported Q4 Results Out, Net Profit Surges, Asset quality improves

PFC Reported Q4 Results Out, Net Profit Surges, Asset quality improves

15 May 2024

Power Finance Corporation Ltd, The Maharatna company has reported its Q4 FY 2023-24 results today in the live market, The company has reported a surge of 22% in net profits to Rs.4125.45 crores from Rs.3377.20 crores in Q4 FY 2022-23. The board has also announced a dividend of Rs.2.50 per share. Q4 Performance of PFC …

SEBI Allows LIC To Have 3 More Years To Meet The MPS Norms

SEBI Allows LIC To Have 3 More Years To Meet The MPS Norms

15 May 2024

The Securities and Exchange Board of India (SEBI) has extended the deadline for Life Insurance Corporation of India (LIC) to achieve a 10% public shareholding, providing the insurance giant with an additional three years. Under Rule 19(2)(b)(iv) of the Securities Contracts (Regulation) Rules, 1957, companies are mandated to have a minimum of 10% public shareholding …

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