In 2024, several companies have significantly eroded investor wealth, causing substantial financial pain and disappointment. Here, we highlight the top three wealth destroyers: Zee Entertainment, Syrma SGS Technology Ltd, and One 97 Communications Ltd (Paytm). We delve into the reasons behind their declining stock prices and the critical lessons investors can learn from these developments. …
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. GMR Airports Infrastructure Ltd GMR Airports Infrastructure Ltd reached a high of Rs 94.55, with an impressive traded volume of 92,302,505 shares. The stock is currently trading at Rs 93.95, up from its …
On June 14, 2024, Sun Pharma and Moebius Medical revealed new findings at EULAR 2024. They shared data showing that patients with symptomatic knee osteoarthritis continued to experience significant pain relief up to 26 weeks after receiving injections of MM-II. These results come from a Phase 2b clinical trial (NCT04506463) that included randomised and controlled …
On June 14, 2024, Minda Corporation signed a Joint Venture Agreement with HSIN CHONG MACHINERY WORKS CO., LTD (HCMF) under SEBI regulations. The agreement established a new entity manufacturing Automotive Sunroof Solutions and Closure Technology Products for passenger cars. Minda Corporation and HCMF will hold a 50% stake in the joint venture company. The proposed …
On June 14, 2024, Titagarh Rail Systems Limited (TRSL), a leading Indian train manufacturer, started producing trainsets under a contract with China Railway Rolling Stock Corporation (CRRC). These trainsets are for the Bangalore Metro Rail Corporation Limited’s (BMRCL) Phase 2 Yellow Line project. This achievement highlights Titagarh’s important role in improving urban transportation in India. …
Zydus Lifesciences Limited (Zydus), a leading Indian multinational pharmaceutical company, announced a significant development in its quest to expand its global reach. The company has received tentative approval from the United States Food and Drug Administration (USFDA) to market Azilsartan Medoxomil and Chlorthalidone Tablets, 40 mg/12.5 mg and 40 mg/25 mg, under the brand name …
On June 14, 2024, Jindal Stainless Limited announced to the stock exchanges its acquisition of Chromeni Steels Private Limited (CSPL). This move follows earlier disclosures made on May 1, 2024, and June 4, 2024, in which Jindal Stainless Limited detailed its acquisition of a 54% equity stake in Chromeni Steels Private Limited through the purchase …
On June 14, 2024, Lupin Limited, a leading global pharmaceutical company, announced in a stock exchange filing that its Injectable facility located in Nagpur, India, underwent a thorough inspection by the United States Food and Drug Administration (U.S. FDA). The inspection, conducted from June 10 to June 13, 2024, concluded with a favourable outcome as …
When we think of luxurious hotels, one of the names that pop into our mind is Oberoi. EIH Associated Hotels is a part of the Oberoi Group, one of the largest and most eminent hospitality groups in India and Asia. The company owns some of the five-star deluxe and five-star hotels in India. Stellar Stock …
Nido Home Finance Limited is issuing Secured, Redeemable, Non-Convertible Debentures (NCDs) from June 13, 2024, to June 27, 2024. The base issue size is Rs 50 Crores, with an option to oversubscribe by another Rs 50 Crores, making the overall issue size Rs 100 Crores. Each NCD is priced at Rs 1000, with a face …
