Over the last 12-15 months, Bajaj Auto's two-wheeler business has started to regain momentum and look after weathering a perfect storm, Dinesh Thapar, CFO of the company said in an interview with CNBC TV-18. Thapar further suggested that the automobile major has assumed pole position in the 125 cc segment. The volumes had taken a hit in 2023 amid a dip in export demand.
Open FlipShares of IRM Energy gained more than 1 percent at open on January 9 on the NSE, after the company signed IRM Energy signed an MoU to invest Rs 858 crore, with the government of Tamil Nadu. At 9:20 am, the stock was trading at Rs 547.50. Follow our market blog for live updates In a regulatory filing on January 9, IRM Energy said that it had signed an MoU with Tamil Nadu government to invest.
Open FlipLong ago, a wise man said, while pessimists sound intelligent, optimists actually make money. In all my years in Indian equity markets, I've experienced this to be true—across the bull and bear phases. What is also equally true is that in equity markets, stock prices invariably mean-revert. Now this isn't a discourse on being equivocal and playing both sides. Rather, it is about an undertone.
Open FlipBuying made its way into the domestic market on January 9 as positive cues from global markets added fodder to D-Street bulls. Easing US bond yields, a sharp fall in crude prices, and a lower dollar index also supported the investor sentiment. Further strengthening the move were gains in index heavyweights like Infosys, TCS, L&T, HDFC Bank, and ICICI Bank.
Open FlipShares of Oil India Ltd saw a nearly 1 percent increase in early trade on January 9 following the signing of a Joint Venture Agreement (JVA) with Assam Power Generation Corporation for collaborative work in the green energy sector. As of 9:24 am, the Oil India stock was trading at Rs 375.20 on the NSE. Oil India and Assam Power Generation Corporation have inked a joint venture for collaborative.
Open FlipShares of Brigade Enterprises jumped nearly 4 percent in early trade on January 9, post inking memorandum of understanding (MoUs) worth Rs 3,400 crore with the Tamil Nadu government. At 9:17 am, the Brigade Enterprises stock was trading at Rs 973.25 on the NSE. Brigade Enterprises Limited has signed MoUs with the Government of Tamil Nadu to invest Rs 3,400 crore in the state with a potential.
Open FlipShares of FSN E-commerce (Nykaa) gained nearly 3.5 percent in the opening trade on the NSE on January 9, a day after the company announced its Q3 business update, driving the stock up 2 percent to close at at Rs 177. At 9:20am on January 9, the stock was trading at Rs 182.05. Follow our market blog for live updates In its Q3 business update, FSN E-commerce Ventures, the parent company.
Open FlipPremier Energies on Tuesday said it has bagged an order worth Rs 1,700 crore from NTPC for supply of 608 MW bifacial solar photovoltaic modules. The order is for NTPC's Nokh solar PV project in Rajasthan, a company statement said. The supply is expected to be completed in a span of 9 months. The company said it has an annual module capacity of 4GW.
Open FlipIndian headline indices were trading strongly on Tuesday tracking positive global cues with strong buying action in IT, auto and bank stocks. While the S&P BSE Sensex was trading at 71,813, up 458.13 points or 0.64%, the broader Nifty at 21,654, higher by 141.25 points or 0.66%.Top Gainers and losersThe market breadth was heavely skewed in favour of the bulls with 48 stocks in Nifty trading.
Open FlipShares of Inox Wind rose 2 percent in the opening trade on January 9 after the company was awarded a wind power project by NLC India. At 9:27am, Inox Wind was quoting Rs 504.70, up Rs 9.80, or 1.98 percent, on the BSE. "The company has received a Letter of Intent (LoI) for executing a 50 MW ISTS connected wind power project on a turnkey basis from NLC India Limited, a Navratna CPSU," it said
Open FlipWhile the serious business of investing is no get-rich-quick scheme, Dalal Street has offered '25 din mein paisa double' to investors in 6 stocks without doing any 'Hera Pheri' as Akshay Kumar would say .The popular dialogue 25 din mein paisa double in the 2006 Hindi comedy film 'Phir Hera Pheri' continues to be the subject of not just countless memes on social media but has also inspired.
Open FlipGujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10% to India's GDP and become a USD 500 billion economy by 2026-27. At present, Gujarat, with five per cent the country's population, contributes 8.3% to the national Gross Domestic Product (GDP) and in the previous year, the state accounted for 33% of India's total merchandise exports.
Open FlipThe share price of BEML gained in the opening trade on January 9 after the company won an order from the defence ministry. At 9:26am, BEML was quoting Rs 3,196.05, up Rs 23.70, or 0.75 percent, on the BSE. "The company has bagged orders from Ministry of Defence for supply of mechanical minefield marking equipment Mark-II valued at approximately Rs 329.87 crore," it said in a release.
Open FlipAurobindo Pharma share price gained in the opening trade on January 9 after the company received establishment inspection report from the US Food and Drug Administration (USFDA). The USFDA had inspected the pharma firm’s formulation manufacturing facility in Chitkul in Telangana in September. The establishment inspection report has classified the facility as "Voluntary Action Indicated" (VAI).
Open FlipAs Indian travellers promise to explore the uncharted territory of Indian islands like Lakshadweep in the wake of India vs Maldives controversy, investors have been gunning for a Gujarat-based smallcap company that recently won a contract to develop 50 tents in the Union Territory. Shares of Praveg, known for its luxury tent resorts in tourist places, rallied 43% in just three trading sessions.
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