Stocks/Share Market - Angel One

Larsen & Toubro (L&T) recently released its financial results for the half-year and quarter ended September 30, 2024. On Thursday, LT share price was in focus.  On October 31, 2024, LT share price opened at ₹3,530.00, up from its previous close of ₹3,408.35. At 11:10 AM, the share price of LT was trading at ₹3,643.85, …

On October 31, 2024, Usha Financial Services’ shares debuted at ₹164 each, slightly below the issue price of ₹168, marking a 2.4% discount. The stock experienced further declines, hitting its lower circuit limit of ₹155.80. By around 10:20 AM, shares were trading at ₹161. IPO Details The IPO had a price range of ₹160 to …

On October 31, 2024, shares of Ashoka Buildcon soared by nearly 6.7%, reaching a price of ₹248.45 on the Bombay Stock Exchange (BSE). This spike in share price came in response to the company’s announcement that it had acquired an additional 34% stake in Ashoka Concessions Limited (ACL) for ₹1,526 crore. This move is significant …

Rail Vikas Nigam Ltd. (RVNL), a key player in India’s infrastructure sector, recently secured a significant contract from the East Coast Railway, pushing its stock price up by 2% to ₹474. This project, valued at ₹283.69 crore, involves constructing additional railway lines between Jarapada and Talcher Road and a new line between Angul and Balram.  …

Zydus Wellness Limited has announced plans to acquire Naturell (India) Private Limited (NIPL) along with its wholly-owned subsidiary, a leading player in the healthy snacking industry.  The company has approved a Share Purchase Agreement to acquire 100% of Naturell (India), totalling 1,50,78,605 equity shares for ₹390 crore.  This acquisition includes popular health-focused brands like Ritebite …

After a long wait, Cipla’s Goa manufacturing facility finally received a “Voluntary Action Indicated” (VAI) classification from the US FDA. This positive development immediately and significantly impacted the company’s stock performance.  On October 31, Cipla’s shares jumped by 10%, a surge driven by investor enthusiasm for the anticipated launch of Abraxane, a chemotherapy drug the …

On October 30, 2024, Jupiter Wagons Limited (JWL), a leading mobility solutions provider across rail, road, and marine transport, announced a strategic acquisition of Log9’s Railway and Electric Battery technology. This acquisition is part of a significant growth effort for Jupiter Electric Mobility (JEM), a JWL subsidiary aimed at advancing electric mobility in India. Strengthening …

Tata Power reported an EBITDA of ₹3,808 crore for Q2FY25 earnings, marking a 23% year-over-year increase, backed by higher solar manufacturing, favourable distribution regulations, and improved operational efficiency.  The company also reached its highest-ever half-yearly consolidated revenue of ₹32,057 crore, up by 5% YoY, with a half-yearly EBITDA of ₹7,158 crore (up 17% YoY) and …

Wipro Limited has announced a strategic collaboration with Microsoft and SAP aimed at enhancing the migration process for clients using RISE with SAP on the Microsoft Cloud. This initiative is designed to significantly improve the speed and efficiency of these migrations, providing clients with a comprehensive roadmap and best practices to maximize the potential of …

Sonata Software Limited has been selected by a Fortune 50 American multinational technology conglomerate to enhance customer experience and strengthen its global retail strategy. This partnership will span 16 key markets across North America, EMEA, and Asia. The client aims to gain insights into how its products and services are being sold across these vital …