Stocks/Share Market - Angel One

On October 16, 2024, the benchmark equity indices, BSE Sensex and NSE Nifty50, closed in the red on Wednesday. The BSE Sensex dropped by 318.76 points, or 0.39%, finishing at 81,501.36. Similarly, the Nifty50 fell by 86.05 points, or 0.34%, ending at 24,971.30. Out of the 50 stocks in the Nifty50 index, here are the …

South Indian Bank Ltd released its results for the September quarter on October 16. The bank saw an increase in its net profit and improved asset quality compared to the June quarter. Its Net Interest Income (NII), which is its main source of income, rose by 6.3% from last year, reaching ₹882.7 crore, up from …

The Tata Group aims to create 500,000 manufacturing jobs over the next 5 years in sectors like semiconductors, electric vehicles, and battery production, as stated by chairman N Chandrasekaran on Tuesday.  He mentioned that to boost our economy, we need to increase job opportunities. With a large youth population, we can become the world’s resource …

Mukesh Ambani’s Reliance Industries Limited (RIL) has approved a highly anticipated 1:1 bonus share issue, offering shareholders one additional fully paid-up equity share for every ₹10 share they own.  This will be the largest bonus share issue in India’s stock market history, aligning with the festive season and being described as an “early Diwali gift” …

Wockhardt Limited has announced the filing of its fast-acting insulin analog, Aspart injection (ASPARAPIDTM), with the Drugs Controller General of India (DCGI). This milestone underscores Wockhardt’s commitment to combat the rising diabetes epidemic, which affects over 77 million people in India and more than 537 million globally, with projections indicating a rise to over 643 …

Zomato Share Price Slips Amid Market Volatility The Indian equity market has been experiencing increased volatility, with key benchmark indices losing their psychological support levels. The Nifty50 index has fallen below the 25,000 mark, while the Sensex has slipped below 81,500, both declining by 0.35%. One stock significantly impacted by the market’s volatility is Zomato. …

Vedanta’s Share Price Movement Vedanta’s share price witnessed a significant surge in September 2024, hitting a 52-week high of Rs 523.65. However, the stock experienced a correction, dropping below the key psychological level of Rs 500. As of October 16, 2024, Vedanta’s share price has retraced 38.2% of its sharp rally from the September low …

Ola’s Share Price Decline As of October 16, 2024, the share price of Ola Electric Mobility is trading down by 0.46%, falling below Rs 90. This marks a significant decline of about 44% from its peak of Rs 157.40, which was registered on August 20, 2024. Ola had a strong start after its IPO, but …

IndiGo, India’s leading airline, has secured a significant milestone in its pursuit of innovation with the Securities and Exchange Board of India (SEBI) approving its corporate venture capital arm, IndiGo Ventures. This dedicated fund marks a strategic move by IndiGo to actively shape the future of the aviation industry and beyond. IndiGo Ventures will target …

On October 16, 2024, Larsen & Toubro’s Heavy Civil Infrastructure division won a contract from the Uttar Pradesh Metro Rail Corporation Ltd (UPMRCL) for the Agra Metro Phase 1, Line-2 project. This metro line will run from Agra Cantonment to Kalindi Vihar. The project includes designing and building a 15.09 km elevated viaduct, 14 stations, …