Stocks/Share Market - Angel One

Muthoot Finance Ltd, one of India’s top gold loan providers, has pulled in $400 million (around Rs.3,350 crore) through Senior Secured Notes as part of its $2 billion Global Medium Term Note Program. This follows the guidelines set by the Reserve Bank of India (RBI) for External Commercial Borrowings (ECB). Deal Breakdown  The Notes carry …

Infosys, known for its expertise in digital services, has taken its partnership with Meta to a new level to drive the future of generative AI. By tapping into Meta’s Llama stack—open source language models, Infosys is helping businesses explore new ways to integrate AI seamlessly into their operations.  Launch of the Meta Centre of Excellence …

Adani Power, on October 28, has called for a board meeting and will be sitting down to discuss a plan to raise up to Rs.5,000 crore. Now, this could happen through a public issue or a private placement of non-convertible debentures (NCDs) – basically, a way of saying they’re looking to bring in some serious …

With Diwali, the festival of lights, just around the corner, the Indian stock market is gearing up for a festive season. As the nation celebrates this auspicious occasion, many investors are looking to capitalise on the positive sentiment and make profitable investments. India is demonstrating remarkable growth and resilience, with the economy expected to expand …

Arihant Academy Acquires ZEAL Academy: A Strategic Move for Growth Arihant Academy Ltd, one of Mumbai’s leading coaching institutes for SSC, ICSE, CBSE, Science & Commerce, has announced a strategic acquisition of a majority stake in ZEAL Academy, renowned for its exceptional coaching in IIT-JEE and NEET. The acquisition is valued at Rs 17 crore …

Hindustan Unilever’s (HUL) share price dropped over 5% on Thursday, October 24, 2024, after its second-quarter results fell short of market expectations. The stock fell by as much as 5.78% to ₹2,452.60 on the BSE. Hindustan Unilever’s (HUL) consolidated net profit for the July-September quarter fell by 2.4% to ₹2,591 crore, compared to ₹2,668 crore …

On October 24, 2024, TVS Motor Company (TVSM), a major player in the global automotive industry known for its two and three-wheeler vehicles, announced the launch of a new variant, the TVS Raider iGO.  This launch celebrates the brand’s achievement of over one million sales. The TVS Raider is a highly awarded 125 cc motorcycle …

On October 24, 2024, the Birla Group stock opened at ₹716.95, slightly down from its previous close of ₹717.45, and dropped by as much as 7.1% to ₹666.80. However, it later recovered some losses. By 10:05 AM, the stock was trading at ₹685.30, down 4.5%. Meanwhile, the equity benchmark Sensex was down 0.05% at 80,043 …

Aster DM Healthcare, a leading integrated healthcare service provider in India, has announced its financial results for the quarter ending September 30, 2024. The company’s performance reflects significant growth and operational efficiency in the 1HFY25. Operating Margins and Core Business Performance The overall Operating EBITDA margin for H1 FY25 stood at 19.6%, an increase from …

On October 24, 2024, Nestle India’s share price reached a 52-week low of ₹2,271.00, despite opening higher at ₹2,339.00, an increase from its previous close of ₹2,327.15. By 10:39 AM, the stock was trading at ₹2,274.00, reflecting a rise of 2.28%. In a significant milestone, Nestle India recently celebrated the 50th anniversary of its flagship …