Share Market - Angel One - Page 154

Expanding into the North American Market Rushil Decor Ltd., a leading manufacturer of eco-friendly MDF, laminates, PVC, and WPC, is expanding its presence into the North American market. This strategic move marks a significant milestone in the company’s global growth strategy, aiming to capitalize on one of the world’s largest markets for laminates and MDF. …

Oil India Limited is a central public sector enterprise involved in the exploration, development, and production of crude oil and natural gas. Additionally, the company is engaged in the transportation of crude oil and the production of liquefied petroleum gas. Oil India Ltd. Signs Contract with Dolphin Drilling for Offshore Exploration Oil India has entered …

Gensol Engineering Ltd., a prominent player in the renewable energy sector, has recently made significant strides in advancing solar and battery storage projects in Gujarat. This marks a substantial development in the company’s ongoing efforts to enhance sustainable energy solutions across the region. Gensol Engineering Wins Rs 600 Crore Solar Projects in Gujarat Gensol Engineering …

Rewarding Shareholders and Expanding Equity BigBloc Construction Ltd, one of India’s largest manufacturers of Aerated Autoclaved Concrete (AAC) blocks, bricks, and panels, has announced a significant move to reward its shareholders. The company’s board of directors recommended issuing bonus equity shares in a 1:1 ratio. This means that shareholders will receive one bonus equity share …

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 …

The full-service and integrated diagnostic chain Suraksha Diagnostic Limited has filed the Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO). Suraksha Diagnostic IPO is entirely an offer-for sale comprising 1,91,89,330 equity shares of face value ₹2 each. Suraksha Diagnostic has …

JK Paper Ltd faced a challenging first quarter of FY2025, marked by a substantial decline in profitability. The company’s consolidated net profit dropped by 55%, driven by adverse market conditions and rising raw material costs. This financial strain had a pronounced impact on JK Paper’s stock, causing it to fall sharply by 10% JK Paper …

Axis Bank announced Q1FY25 results, reporting a net profit of Rs. 6,035 crore, up from Rs. 5,797 crore in Q1FY24, exceeding market expectations. Sequentially, profit fell 15% from Rs. 7,130 crore in Q4FY24. NII rose to Rs. 13,448 crore from Rs. 11,959 crore, with NIM at 4.05%, down from 4.10%. Operating profit grew 15% YoY …

Kalpataru Projects International Limited (KPIL), a leading Indian engineering and construction company, has secured a significant new order win valued at Rs 2,995 crore. This impressive achievement spans across the company’s core business segments: Transmission & Distribution (T&D), Building & Factories (B&F), and Water. The company highlights its continued strength in the T&D sector, particularly …

On Wednesday, the market showed muted sentiment. The benchmark indices concluded the trading day on a negative note, with the Sensex dipping by 0.35% to 80,148.89, and the Nifty dropping by 0.27% to 24,413.50. However, the broader market experienced gains, with the Nifty Mid-cap closing up by 1.04% and the Nifty Small-cap rallying by 1.76%. …