Stocks/Share Market - Angel One

Mahindra & Mahindra reported a 21% increase in domestic passenger vehicle sales at 32,588 units in June 2023, as compared to June last year. The company sold 26,880 units of passenger vehicles in June 2022. In a statement, Mahindra & Mahindra (M&M) said that its domestic sales of utility vehicles were at 32,585 units last …

Patanjali Foods, formerly known as Ruchi Soya, is a significant player in the FMCG industry, having been established in 1986. It specialises in producing and extracting edible oils and is recognized as a pioneer in the field of soya-based foods. Following its insolvency in 2019, Patanjali Foods was acquired by Patanjali Ayurved, a company led …

Yesterday, Dhanlaxmi Bank reported a business update for the quarter ended June 30, 2023. Bank’s total deposits stood at Rs 13,374 crore (provisional) as of June 30, 2023 (Q1FY24), posting a 6% rise in year-on-year terms against Rs 12,576 crore as of June 30, 2022, and in quarter-on-quarter basis stood at Rs 13,352 crore as …

The Sensex ended the day with a gain of 0.42%, while the Nifty closed higher by 0.34%. The Nifty Midcap witnessed a decline of 0.2%, whereas the Nifty Smallcap registered a gain of 0.25%. Among the sectors, Nifty Media, Nifty IT, and Nifty PSU Bank emerged as the top gainers, while Nifty Auto, Nifty Energy, …

Swelect Energy Systems Ltd experienced a significant surge of around 17% in today’s trading session, propelled by a breakout as it closed above the important level of Rs 380 on the daily chart.  Swelect Energy Systems Ltd, incorporated in 1994, is actively engaged in manufacturing and trading solar power projects and off-grid solar photovoltaic modules …

Bank of Maharashtra’s total deposits stood at Rs 2,44,364 crore (provisional) as of June 30, 2023 (Q1FY24), posting a 24.73% rise in year-on-year (YoY) terms as against Rs 1,95,909 crore as of June 30, 2022, and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 2,34,083 crore as of March 2023. Its gross advances stood …

Stock takes a deep dive: despite market highs, plunge of over 5% stirs investors.  Eicher Motors Limited’s shares were poised for an upward surge as the company unveiled its robust sales figures.  Eicher Motors, the manufacturer of Royal Enfield motorcycles, witnessed a 2% rise in share price as they reported improved sales for June. VE …

Mahindra Lifespace Developers has forayed into plotted developments. The brand unveiled its first plotted development project ‘Lakefront Estates by Mahindra’ at Mahindra World City (MWC), Chennai. Spread over 19 acres, the project will offer a wide range of plots meeting the customers’ needs and aspirations, with sizes up to 5000 sq. ft., designed to provide …

With the aid of advanced therapy platforms, Biocon’s workforce of over 13,500 individuals combines their expertise, compassion, scientific knowledge, and innovative thinking to develop improved healthcare solutions. The company’s four global divisions encompass generics, biosimilars, research services, and novel biologics. By harnessing India’s unique advantages in scientific talent and cost-effective manufacturing, Biocon delivers scalability, efficiency, …

The benchmark index S&P BSE 500 opened today at 26,315.38 and made its day high at 26,348.83 and it is trading almost flat during the early trading hours.                          From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% …