Stocks/Share Market - Angel One

Good news for IOL Chemicals and Pharmaceuticals Ltd! The Indian pharmaceutical and chemicals manufacturer has successfully finished an inspection by the Brazilian Health Regulatory Agency (ANVISA). This successful audit of their 10 Active Pharmaceutical Ingredient (API) manufacturing units in Barnala, Punjab, indicates a major milestone for IOL Chemicals, as it is opening doors to the …

Tata Steel, a leading Indian steel producer, found itself in the headlines today for a strategic move in its UK operations. The company announced the closure of its coke ovens at the Port Talbot plant in Wales. This decision, part of a more comprehensive restructuring plan, has sent ripples through the industry and impacted Tata …

In a move that could reshape the Indian power transmission landscape, Vedanta’s subsidiary, Sterlite Power Transmission Ltd (SPTL), is reportedly transferring three of its power transmission projects to a joint venture (JV) formed with Singapore’s sovereign wealth fund, GIC. This strategic partnership highlights Vedanta’s ambitions in the power transmission sector and GIC’s growing interest in …

Kishore Biyani, the founder of Future Group, has made an unexpected proposal of ₹476 crore to lenders led by Canara Bank. This offer is intended for a one-time settlement (OTS) of the ₹571 crore debt of Bansi Mall Management Co (BMMCPL), the owner of SOBO Central Mall located in Mumbai’s Haji Ali area. Details of …

Aditya Birla Sun Life Asset Management Company (AMC) is set to undergo a significant change in its shareholding structure. The company’s promoters, Aditya Birla Capital and Sun Life (India) AMC Investments Inc., have announced an offer for sale (OFS) to divest up to 11.47% of their stake, translating to roughly 33 million shares. This comprises …

On Monday, the market had a mixed performance with trading mostly within a narrow range. The main stock index, Sensex, ended slightly higher, up by 0.14% at 72,748.42, while the Nifty50 index also saw a slight increase, up by 0.15% to close at 22,055.70. Among individual stocks, Tata Steel, M&M, and JSW Steel saw gains, …

On March 18, 2024, Godawari Power and Ispat Ltd informed that the company’s board approved the merger of its wholly-owned subsidiary, Godawari Energy Ltd (GEL), with the parent entity. Details of the Amalgamation On Monday, Godawari Power and Ispat Ltd announced the amalgamation in the stock exchange filing. The company held a board meeting, and …

The Indian automobile industry is shifting into high gear, with carmakers expressing optimism about domestic sales reaching a staggering 4.2 million units in the ongoing financial year (FY24). This projected figure signifies a significant jump from the previous year and paints a rosy picture for the sector. Experts predict that car sales in India will …

These three equities’ volume gained significantly during Monday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Sakuma Exports Ltd The stock of Sakuma Exports saw a significant increase in price and volume, indicating heightened investor interest. This surge has pushed the stock towards its recent levels after overall market drawdown bouncing from a …

On Monday, Manoj Vaibhav Gems N Jewellers Ltd informed the exchanges in a filing that the company is opening a new showroom in Vizianagaram, Andhra Pradesh, in March. On March 18, 2024, Manoj Vaibhav Gems N Jewellers Ltd stated in the exchange filing that they are opening a new showroom in Andhra Pradesh on March …