On Thursday, the shares of Shriram Asset Management Company closed at its upper circuit at Rs 193.05, up by 10% from its previous closing of Rs 175.50 on the BSE. Shriram Asset Management Company (Shriram AMC) is all set to launch the Shriram Multi Asset Allocation Fund on August 18, 2023. This new fund aims …
Stocks/Share Market - Angel One
Shares of Brightcom Group lock at upper circuit for consecutive sessions
17 August 2023Indian frontline indices ended the session lower, dragged down by losses in the fast-moving consumer goods (FMCG), energy, utilities and capital goods sectors. BSE Consumer Durables, on the other hand, surprised investors with gains of more than 1.5% in an otherwise weak market. Notable losses were recorded in the information technology sector, whereas shares of …
Varun Beverages Receives PepsiCo’s International Bottler of the Year 2022
1 June 2023Overview Varun Beverages Ltd, a prominent player in the beverage industry and has been in a longstanding partnership with PepsiCo since the 1990s and holds a significant market share in the beverage industry. It is recognized as one of the largest franchisees of PepsiCo worldwide. The company specializes in the production and distribution of a …
These 3 stocks hit a 52-week high today, August 17, 2023
17 August 2023Today, the broader indices, such as Nifty50 and BSE Sensex, concluded the day in the red. The Nifty50 index opened the day at 19,450.55, nearly unchanged from the previous day’s closing level of 19,465. It eventually concluded the day at 19365, marking a decrease of 99.75 from the previous closing levels. Meanwhile, the BSE Sensex …
Penny stocks to watch out for tomorrow, 18 August 2023
17 August 2023The trading session concluded with both the Sensex and Nifty experiencing declines of 0.59% and 0.51%, respectively. In a different turn of events, Nifty Midcap achieved a modest gain of 0.25%, while Nifty Smallcap slightly edged upwards by 0.14%. Nifty PSU Bank and Nifty Realty emerged as the sectors exhibiting the strongest performance, displaying notable …
Top 10 companies that posted a profit in the June quarter against a loss; do you own any?
17 August 2023Have you ever thought about how it feels to run a business and keep losing money every quarter? It can be really discouraging. But then, imagine while you’re getting ready to check your finances for the quarter, you find out that your business has started making a profit. How would that make you feel? I …
These 3 stocks from BSE 500 jumped over 5% in a falling market Today, 17 Aug 2023
17 August 2023The benchmark index S&P BSE 500 opened today at 26,730.34 and made its day high at 26,768.94 and it is trading in red, down by around 0.16% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. …
UltraTech Cement Aims to Become World’s Largest Cement Maker: Shares Surge
17 August 2023In an effort to rank among the top cement manufacturers in the world, UltraTech Cement is aiming for a production capacity of 200 million tons per annum (MTPA). With the addition of 22.6 MTPA capacity, the company has already started working on the subsequent expansion phase. When it is finished, UltraTech will have a capacity …
Rama Steel Tubes shares surge on strong Q1 FY24 Results
17 August 2023Rama Steel Tubes, an iron and steel products manufacturer, has reported a strong set of financial results for the first quarter of fiscal year 2024 (Q1 FY24). The company’s revenue grew by 30% year-on-year (YoY) to Rs 312.52 crore, while its net profit jumped by 76% to Rs 7.46 crore. The company’s EBITDA (earnings before …
Upper Circuit Stocks Today – Stocks Locked in Upper Circuit on 17 August, 2023
17 August 2023On Thursday, the benchmark indices were trading red with Sensex down around 243 points or 0.38% at 65,298 and the Nifty-50 down around 73 points or 0.37% at 19,392. About 1,985 shares have advanced, 1,269 declined, and 144 are unchanged on the BSE. Top gainers and losers on BSE Sensex Index are as follows: The …
