Stocks/Share Market - Angel One

The Defence Ministry has called for a halt to the construction of a residential project by Godrej Properties in Mumbai, which has an estimated revenue potential of Rs.7,000 crore. According to the reports, the ministry’s objections are due to the project’s proximity to the Central Ordnance Depot (COD) in Kandivali, Mumbai. The Godrej Reserve development …

Holding investments for more than a year is considered to be a long-term investing stock strategy. Holding assets including bonds, equities, exchange-traded funds (ETFs), mutual funds, and more is part of this approach. Long-term investors need to be disciplined and patient because they must be willing to accept a certain level of risk as they …

On May 23, 2024, at midnight, Expleo Solutions Limited announced their financial results for the quarter ended March 2024 and FY 2024. In FY 2024, the company’s total revenue was up by 5.8% Y-o-Y to ₹9,724 million. Financial Performance in FY 2024 In the financial year 2024, the company’s operating revenue stood at ₹9,649 million, …

Technical analysis identifies LIC Housing Finance and KPIT Technologies 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 653.25 and Rs 1,535.45 respectively, their price aligns with positive signals from technical indicators like RSI and ADX, …

In a significant development, Kirloskar Industries Limited (KIL) has emerged victorious in a legal battle against Kirloskar Brothers Limited (KBL). The National Company Law Tribunal (NCLT) issued a landmark order on May 21, 2024, upholding KIL’s claims of mismanagement and lack of transparency within KBL. Tribunal Findings Mismanagement and Lack of Transparency: The NCLT confirmed …

In the past few weeks, Zee Entertainment Enterprises Limited (ZEEL) has been focused on restructuring its business, reducing costs, and enhancing its EBITDA margins. However, a significant development has come up in its deal with Sony Pictures Networks India. Following Sony’s decision to abandon a proposed $10 billion merger, Zee, led by Punit Goenka, has …

KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat-based Renewable power generating company. Incorporated in February, 2008. The KPI Green Energy stock has given multi-bagger returns over the past year. KPI Green Energy Board Approves Split KPI Green Energy Ltd. has announced …

Most Profitable Companies in India for FY24 Reliance Industries Limited (RIL) has emerged as the most profitable company in India for the financial year 2023-24, with a net profit of Rs 79,020 crore. This remarkable performance solidifies its position at the top of the corporate profitability rankings in India. Following closely is HDFC Bank Limited, …

On May 23, 2024, Delhivery Limited informed the stock exchanges that the company had partnered with SUGAR Cosmetics for Pan-India B2B shipments. Delhivery, India’s largest integrated logistics service provider, will drive the pan-India end-to-end B2B operations for the prominent beauty brand SUGAR Cosmetics, further strengthening their relationship. Delhivery has been a long-standing partner for SUGAR …

On May 23, 2024, prominent airline company SpiceJet announced in a stock exchange filing that it will upgrade its daily Delhi-Bangkok flight to a wide-body Airbus A340, replacing the narrow-body Boeing 737. This upgrade will expand the seating capacity to 324 passengers per flight on the route, catering to the high demand during the holiday …