Nidec Corporation announced that it signed a memorandum of understanding (MOU) with Tata Elxsi Ltd. on July 22, 2024. Tata Elxsi, a Tata Group company, specialises in design, technology development, system integration, and software development. It has expertise in areas such as autonomous driving, advanced driver assistance systems, electrification, connected car solutions, and other automobile …
On Monday, the market displayed muted sentiment with the benchmark indices ending the trading day on a negative note. The Sensex dipped by 0.13% to close at 80,502.08, while the Nifty fell by 0.09% to 24,509.25. Despite the downturn in the benchmark indices, the broader market saw a positive surge. The Nifty Mid-cap closed up …
On Monday, the Indian benchmark indices concluded the trading day on a notably negative note, with the Sensex losing by 0.13% to close at 80,502, and the Nifty slipped by 0.09% to finish at 24,509. The broader market experienced some gains, as the Nifty Mid-Cap closed in green by 1.28%, and the Nifty Small-Cap jumped …
During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. North Eastern Carrying Corporation Ltd North Eastern Carrying Corporation Ltd has shown a robust performance today, reaching a high of Rs 43.15 with a traded volume of 2.41 crore shares. The stock is …
Based on technical analysis, JSW Infrastructure Ltd & India Tourism Development Corporation are identified as upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 317.30 and Rs 802.60 respectively, their price aligns with positive signals from …
The benchmark index S&P BSE 500 opened today at 36,958.50 and made its day high at 36,338.73, and it is trading in green today, up by more than 0.30%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Rashtriya Chemicals & …
Olectra Greentech Limited, a leading player in the electric vehicle (EV) segment, has taken a strategic step to secure its ability to fulfil a significant electric bus order. The company has acquired a 26% stake (2,600 equity shares of ₹10 each) in “EVEY TRANS (MAH) PRIVATE LIMITED”. This newly acquired entity will act as a …
On July 22, 2024, IDBI Bank announced its financial results for the quarter that ended June 30, 2024. Q1 FY 2025 Highlights IDBI Bank has reported a net profit of ₹1,719 crore for Q1 FY 2025, reflecting a 40% increase from the previous year. The bank’s operating profit reached ₹2,076 crore. The Net Interest Margin …
On July 22, 2024, Jana Small Finance Bank Limited’s Board of Directors approved the unaudited financial results for the first quarter ending June 30, 2024. Key Highlights for Q1 FY25 In the first quarter of FY25, Jana Small Finance Bank reported several key highlights. The bank’s loan assets under management (AUM) reached ₹25,759 crore, showing …
Benchmark indices, which began today’s trading session on a weaker note, quickly recovered to trade higher, driven by gains in the power, utilities, capital goods, metals, and auto sectors. Broader indices significantly outperformed the main indices. However, shares of Wipro Ltd plunged over 8% after the company’s weak Q1 earnings failed to meet street expectations. …
