Stocks/Share Market - Angel One

Pimpri Chinchwad Smart City (PCSCL) has given RailTel Corporation of India the task of delivering end-to-end services for the ‘Revenue Sharing Model’ monetisation of PCSCL City Network Infrastructure. The expected annual income is Rs 70 crore, and the estimated ten-year total income is Rs 700 crore.  ‘Mini Ratna (Category-I)’ for RailTel Corporation PSU, which has …

During the fiscal year 2022-23, the Indian capital markets played a significant role in raising funds amounting to Rs 9.8 lakh crore, showing a growth of 4.6% compared to the previous year 2021-22.   Corporates and infrastructure entities utilized various financial instruments such as equity (public, rights, preferential, QIP), debt (public and private placement), Alternative Investment …

RateGain Technologies, a prominent Software as a Service (SaaS) provider to the travel and hospitality industry, experienced a significant 80% rise in its consolidated revenue in Q1 FY24, reaching Rs 2,144 crore, compared to Rs 1,193 crore in the same period of the previous year.  During the quarter, the company’s operating profit experienced a remarkable …

On Monday, in the morning trading session, both Sensex and Nifty witnessed a modest gain of 0.16% each. As the trading day concluded, Sensex exhibited a higher closure, up by 0.35%, and similarly Nifty also concluded on a positive note with a gain of 0.41%. Today, the shares of United Breweries Limited soared 0.09%, The …

Morepen Laboratories Ltd has reported its unaudited financial results on Saturday, August 5, 2023 for the quarter that ended on June 30 2023 or Q1FY24. Today it has shown spike in share price after the robust results.     Talking about the financials for Q1FY24 on a consolidated basis in comparison to the same quarter last year, …

Today, Sensex and Nifty closed on a positive note with gains of 0.53% and 0.5%, respectively. The surge of 0.52% in Wipro Limited’s shares was a clear reflection of the bullish market sentiment. This notable increase was attributed to Wipro’s recognition as a ‘Leader’ in the ISG Provider Lens Network Software Defined Solutions and Services …

The Sensex registered a 0.35% gain, and the Nifty closed 0.41% higher. Moreover, Nifty Midcap and Nifty Smallcap performed well, closing with gains of 0.51% and 0.22%, respectively.   Notably, Nifty Pharma, Nifty IT, and Nifty Realty were the top gainers, while Nifty PSU Bank, Nifty Bank, and Nifty Media experienced losses. Among the Nifty 50, …

Bharti Airtel has launched ‘Airtel Xstream AirFiber’, its fixed wireless access (FWA) offering, on 5G for consumers in Delhi and Mumbai. The need for Wi-Fi at home has grown exponentially in the past 3-4 years. With fibre to home connecting only 34 million homes in India, a very large number of customers struggle for fibre …

Vijay Shekhar Sharma, the founder of Paytm, is set to acquire a 10.30% stake in the company from Antfin (Netherlands) Holding BV. As part of the deal, Antfin will transfer 6.53 crore shares of Paytm to Resilient Asset Management B.V., an entity wholly owned by Sharma himself.  Following the transaction, Sharma’s ownership in the company …

In the latest trading session, market dynamics reacted positively to global cues, leading to a buoyant opening; however, the struggle to maintain this upward momentum has cast a shadow on overall sentiment. Notably, Godfrey Phillips India Ltd., a prominent player in the FMCG sector, has emerged as a standout performer, showcasing remarkable resilience by surging …