Stocks/Share Market - Angel One

IndiGo, India’s leading passenger airline, has announced a groundbreaking move to redefine business travel within the country. The airline plans to launch a tailor-made business product specifically catering to India’s busiest business routes and the growing class of high-flying professionals. IndiGo’s story is one of revolutionising air travel in India. Nearly 18 years ago, they …

On May 24, 2024, Nucleus Software Exports Limited, India’s leading provider of lending and transaction banking solutions, released its results for the quarter (Q4 FY2024) and year ended (FY2024) on March 31, 2024. Quarterly Performance Consolidated revenues for the quarter ending March 31, 2024, were ₹210.3 crore, compared to ₹206.2 crore for the same period …

Sun Pharmaceutical Industries Ltd (Sun Pharma) announced a major milestone in acquiring Taro Pharmaceutical Industries Ltd (Taro). Taro shareholders overwhelmingly approved the merger agreement at an Extraordinary General Meeting and Ordinary Class Meeting held on May 22, 2024. This signifies a significant step forward towards finalising the deal, initially announced on January 17, 2024. The …

On May 23, 2024, one of the leading real estate developers, Brigade Enterprises Limited, announced in an exchange filing that it has signed a Joint Development Agreement (JDA) to develop a residential project spread across 6.9 acres with a total development potential of around 0.8 Mn Sq Ft and a Gross Development Value of ₹720 …

UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals. Aarti Industries is one of the largest Pharmaceutical and Speciality Chemicals Manufacturers in India. Both these companies have entered into a 50-50 Joint Venture for manufacturing and marketing specialty chemical products. UPL …

On Thursday, the Nifty index opened above 22600 and, despite some initial volatility, gained impressive strength as the day went on. The index approached the significant 23000 mark before closing at 22968, up by 370 points or 1.64%. Bulls Take Charge on Dalal Street The bulls made a strong comeback on Dalal Street, with benchmark …

On May 23, 2024, the Nifty 50 rose 1.64% and closed at 22,967, and the Sensex increased 1.61%, closing at 75,418.  Top Gainers and Losers On the sectoral front, Nifty Auto, Nifty Bank, Nifty Private Bank, and Nifty Financial Services ended in the green. Meanwhile, Nifty Healthcare, Nifty MidSmall Healthcare and Nifty Pharma were declining. …

Market Recap On Monday, a bearish candlestick pattern formed on the Nifty with shadows on both sides. It registered a high of around 23,111 during afternoon trade. However, last hour’s sell-off took the index below the 23,000 mark to settle at 22,932 (down by 0.11% or 25 points). It is apparent that bulls are facing …

IFCI, formerly known as Industrial Finance Corporation of India, is an Indian government-owned non-banking finance company which was established to cater to the long-term finance needs of the industrial sector. The stocks fell by 15.08% in 2022; but started seeing some improvements as it gave multibagger returns of 111.23% in 2023. In the calendar year …

On May 27, 2024, Macrotech Developers Limited announced that it had acquired the remaining 50% stake in Siddhivinayak Realties Private Limited (SRPL). Siddhivinayak Realties Private Limited is a non-government company incorporated on May 24, 2001. The company is involved in real estate development and related activities. As of March 31, 2023, the net worth of …