Zee Entertainment Enterprises Limited (Zee) has received a significant financial boost with the board’s approval to raise ₹1,997 crore (approximately $239 million) through foreign currency convertible bonds (FCCBs). This strategic move strengthens Zee’s financial position and unlocks fresh capital for potential growth initiatives. The Investment Details Investors: Resonance Opportunities Fund, St. John’s Wood Fund Limited, …
L&T Finance Limited (LTF), a leading Indian NBFC, reported strong financial results for the first quarter of FY2025 (ending June 30, 2024). This performance highlights the company’s commitment to its “Lakshya 2026” strategy, which aims to transform LTF into a top-tier, digitally-driven, and customer-centric retail financier. Extensive Network and Deep Market Penetration LTF boasts a …
Hinduja Tech Limited (HT), a subsidiary of Ashok Leyland and a major player in mobility-focused engineering R&D services, announced a strategic move today. The company signed a definitive agreement to acquire the TECOSIM Group, a prominent engineering services provider based in Germany. This acquisition marks a significant step forward for Hinduja Tech, solidifying its position …
On July 17, 2024, Maruti Suzuki India Limited, through an exchange filing, announced that Suzuki Motor Corporation is committed to achieving a carbon-neutral world while preserving the joy of transportation. Their strategy focuses on minimising energy consumption throughout a vehicle’s lifecycle, from manufacturing and use to recycling. Championing Lightweight and Safety Suzuki’s expertise in compact, …
Elecon Engineering Company Limited, one of the largest manufacturers of Industrial Gears, released its results for the quarter that ended June 30, 2024 For Q1FY25, Elecon reported consolidated revenues from operations of ₹392 crore, achieving an EBITDA margin of 23.5%. The company’s unwavering focus on profitability has been instrumental in its progress. Elecon delivered a …
Vimta Labs, a leading Contract Research and Testing Organisation (CRO) in India, announced its financial results for the quarter ended June 30, 2024, on July 17, 2024. The company delivered a positive performance, showcasing healthy revenue and profitability margins. Key Financial Highlights Total Income: ₹824 million, reflecting a stable revenue stream for the quarter. Profitability …
On Thursday, Benchmark indices closed positively with Sensex up 0.78% to a record 81,343.46 and Nifty rising 0.76% to 24,800.85. However, the broader market declined as Nifty Mid-cap fell 0.96% and Nifty Small-cap dropped 1.22%. India VIX increased by 2.02%, reflecting higher market volatility. Nifty Financial Services, FMCG, and IT sectors gained, while Media and …
During Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Tata Teleservices (Maharashtra) Ltd Tata Teleservices (Maharashtra) Ltd witnessed a significant price surge today, hitting a high of Rs 97.58 with a substantial traded volume of 21.27 crore shares. Currently trading at Rs …
On Tuesday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex gaining by 0.76% to close at 81,343, and the Nifty rising by 0.76% to finish at 24,800. The broader market also experienced some gains, as the Nifty Mid-Cap closed in red by 0.96%, and the Nifty Small-Cap …
Based on technical analysis, BMW Industries & Jubilant Pharmova 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 65.50 and Rs 731.25 respectively, their price aligns with positive signals from technical indicators like …
