Stocks/Share Market - Angel One

E.I.D Parry India’s share price fell by 4.4% on Monday, November 18, 2024, reaching an intraday low of ₹748 per share on the BSE. This decline in the stock price can be attributed to the company reporting a significant 32% year-on-year drop in its profit for Q2 FY25. The selling pressure intensified following the announcement …

Honasa Consumer Ltd, the parent company of popular brands like The Derma Co., Aqualogica, BBlunt, and Dr. Sheth’s, reported its financial performance for the quarter ended September 30, 2024. On November 18, 2024, Honasa share price opened at ₹306.00, down from its previous close of ₹371.55. At 10:19 AM, the share price of Honasa was trading at …

Hyundai Motor India Ltd (HMIL) witnessed a surge in demand for its CNG-equipped vehicles, which accounted for 12.8% of the company’s domestic sales during the April-October period of FY25, totalling 3.54 lakh units. The automaker’s CNG portfolio, comprising the Grand i10 NIOS, AURA, and EXTER, has gained traction in both urban and rural markets. The …

Introduction: A Day of Celebration for Starlineps Enterprises Share price of Starlineps Enterprises Ltd has created ripples in the stock market on November 18, 2024  as its share price hit the upper circuit limit, reflecting investor enthusiasm over its extraordinary financial performance for the first half of FY25.  The company, a prominent Surat-based trader in …

Introduction The stock market often reacts dynamically to significant financial announcements, and Aditya Ultra Steel Ltd’s half-yearly results for FY25 were no exception. The company’s impressive performance triggered a sharp surge of over 7% in its share price on November 18, 2024, capturing the attention of investors. Financial Highlights Aditya Ultra Steel reported a stellar …

Adani Total Gas: A Snapshot Adani Total Gas Limited (ATGL), incorporated in 2005, operates in the City Gas Distribution (CGD) business, marketing piped and compressed natural gas. It stands as one of India’s largest CGD players, with a footprint in 33 Geographical Areas (GAs), including 14 awarded in the eleventh bidding round. Additionally, ATGL has …

The Dollar’s Triumph and Trump’s Shadow The US dollar has climbed to its highest levels in over a year, with the dollar index reaching 106.21 against a basket of global currencies. This surge is attributed to momentum generated by Donald Trump’s potential political comeback. While emerging markets, including India, often feel the pinch from a …

Reliance Power Ltd., led by Anil Ambani, and its subsidiary Reliance NU BESS, are under scrutiny after the Solar Energy Corporation of India Ltd. (SECI) issued a show-cause notice on November 13, 2024. The notice demands an explanation as to why criminal proceedings should not be initiated against the entities for allegedly submitting fake bank …

KPI Green Energy, the renewable power company, announced a bonus share issue in the proportion of 1:2 on November 14, 2024. This means shareholders will receive one bonus equity share for every two fully paid shares held. The issue is subject to shareholder approval via a postal ballot. This is the second bonus share issued …

Tata Power Ltd, one of India’s largest energy companies, has acquired a 100% stake in ERES-XXXIX Power Transmission Ltd, a Special Purpose Vehicle (SPV) company focused on power transmission. The deal, valued at Rs.18.56 crore, was completed on November 14, 2024, following approval from the Ministry of Power. What Does ERES-XXXIX Do? ERES-XXXIX, created in …