Multibagger penny stock below Rs 70 with Rs 746 crore order
Tue, Apr 23, 2024 8:19 PM

Multibagger penny stock below Rs 70 with Rs 746 crore order

The stock gave multibagger returns of 245 per cent in just 1 year and a whopping 5,400 per cent in 3 years. Lloyds Engineering Works Ltd, a leading provider of advanced engineering solutions, is pleased to announce the acquisition of significant orders for naval equipment, marking an important milestone in the company's growth trajectory from the Defence sector.

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This small-cap real estate company gets a government NOD for a 12-acre cr
Tue, Apr 23, 2024 8:18 PM

This small-cap real estate company gets a government NOD for a 12-acre cr

In the December 2023 Quarterly Results, the company reported a revenue of Rs 59.02 crore, up 4.48 per cent from the previous quarter's Rs 61.79 crore. Also, a 260.10 per cent increase compared. Hampton Sky Realty Ltd has successfully obtained all the necessary government approvals to move forward with a 12-acre commercial development project in Ludhiana.

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Special audit begins at IIFL Finance after RBI restricted gold loan
Tue, Apr 23, 2024 8:04 PM

Special audit begins at IIFL Finance after RBI restricted gold loan

The special audit directed by banking regulator at IIFL Finance has initiated on April 23, the company has informed stock exchanges through a regulatory filing. The disbursement of fresh gold loans have been suspended till 'satisfactory completion' of the audit, IIFL Finance said in the release to exchanges. The measure is part of RBI’s supervisory action over concerns around certain loans.

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US stocks open higher as more earnings roll in
Tue, Apr 23, 2024 8:02 PM

US stocks open higher as more earnings roll in

Wall Street's main indexes opened higher on Tuesday as some growth and chip stocks gained, while investors digested a raft of quarterly earnings updates, ahead of reports from Big Tech later in the week. The Dow Jones Industrial Average rose 116.1 points, or 0.30%, at the open to 38,356.07. The S&P 500 rose 18.3 points, or 0.36%, at the open to 5,028.85, while the Nasdaq Composite rose 74.2 points

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Sudden spike in FinNifty put options, premium goes up almost 10x
Tue, Apr 23, 2024 8:02 PM

Sudden spike in FinNifty put options, premium goes up almost 10x

FinNifty 20900 put option surged from Rs 0.5 to Rs 9 in nearly five minutes at 13.05 pm on April 23 afternoon. In the same time, the underlying FinNifty index fell from 21,349.53 to 21,333.90. Technical analysts told Moneycontrol that the sudden spike in put option prices could be a big algo trade backed by a spike in volumes. Anshul Jain, head of research at Lakshmishree Investments and Security.

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In a first, Uttar Pradesh real estate regulator penalises buyer
Tue, Apr 23, 2024 8:00 PM

In a first, Uttar Pradesh real estate regulator penalises buyer

In a first such case, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday imposed a penalty on a buyer for "misusing the process of law".The allottee had filed a petition for the fourth time seeking a compensation for delay in registry of the unit, it said. The allottee has already got the possession of the unit in a commercial project in Noida Extension.

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Wall Street today: US stocks gain led by chip shares
Tue, Apr 23, 2024 8:00 PM

Wall Street today: US stocks gain led by chip shares

US stock indices gained on Tuesday, led by chip shares.At the opening bell, the Dow Jones Industrial Average rose 116.1 points, or 0.30%, to 38,356.07. The S&P 500 rose 18.3 points, or 0.36%, to 5,028.85, while the Nasdaq Composite rose 74.2 points, or 0.48%, to 15,525.552. At the opening bell, the Dow Jones Industrial Average rose 116.1 points, or 0.30%, to 38,356.07.

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AI search startup Perplexity valued at $1 billion in funding round
Tue, Apr 23, 2024 7:59 PM

AI search startup Perplexity valued at $1 billion in funding round

Perplexity AI, a startup using artificial intelligence to build a search engine to compete with Alphabet Inc.’s Google, has raised about $63 million in a new funding round that values the company at more than $1 billion. The financing, set to be announced on Tuesday, doubles Perplexity’s valuation from just three months ago. Investor Daniel Gross led the round with participation from billionaire.

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Puravankara to redevelop residential housing society in Mumbai's Pali Hi
Tue, Apr 23, 2024 7:59 PM

Puravankara to redevelop residential housing society in Mumbai's Pali Hi

Real estate builder Puravankara on April 23 said that it will redevelop a residential housing society in Mumbai's Pali Hill. The project has a cumulative estimated development potential of 4.10 lakh sq ft carpet, with over ~2.15 lakh square feet available for sale, and a potential Gross Development Value (GDV) of over Rs 2,000 crore, the company said in a regulatory filing.

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High ROE multibagger pharma stock: The board approved a bonus issue of 3...
Tue, Apr 23, 2024 7:44 PM

High ROE multibagger pharma stock: The board approved a bonus issue of 3...

The stock price jumped more than 9 per cent today due to the outcome of recently held a board meeting where they made some important financial decisions for the upcoming fiscal year 2023-24. Remus Pharmaceuticals Ltd jumped more than 9 per cent today due to the outcome of recently held a board meeting where they made some important financial decisions for the upcoming fiscal year 2023-24.

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Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend
Tue, Apr 23, 2024 7:43 PM

Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend

Design and technology services company Tata Elxsi on April 23 reported a net profit of Rs 196.93 crore for the quarter ended March 31, declining both sequentially and annually, according to an exchange filing. The company also announced a dividend of Rs 70 per share for the financial year 2023-24, it said. “Further, we are pleased to inform you that the Board of Directors has recommended.

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Roblox upgraded, Qualcomm initiated: Wall Street's top analyst calls
Tue, Apr 23, 2024 7:38 PM

Roblox upgraded, Qualcomm initiated: Wall Street's top analyst calls

Roblox upgraded, Qualcomm initiated: Wall Street's top analyst callsThe most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.Top 5 Upgrades: JPMorgan er upgraded Roblox (RBLX) to Overweight from Neutral with a price target of $48, up from $41.

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Chennai leads Bengaluru, Hyderabad in offshore MNC office leasing
Tue, Apr 23, 2024 7:37 PM

Chennai leads Bengaluru, Hyderabad in offshore MNC office leasing

Chennai surged ahead of Bengaluru and Hyderabad in terms of office space leased by offshore multinational companies in 2003, Knight Frank India data showed. MNCs leased 7 million square feet of office space in Chennai in CY2003 compared with 6.1 million sq. ft in Hyderabad and 5.6 million sq. ft in Bengaluru. Experts said high rental rates and issues such as congestion led overseas MNCs.

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1 Wall Street Analyst Thinks Bank of America Stock Is Going to $42
Tue, Apr 23, 2024 7:25 PM

1 Wall Street Analyst Thinks Bank of America Stock Is Going to $42

Bank of America (NYSE: BAC) recently disappointed the market with its first-quarter earnings report as the stock fell 3.5% in a day. The nation's No. 2 bank by assets beat Wall Street estimates but reported a decline in net interest income due to higher deposit rates.Overall deposits were down 7%, and charge-offs were up 26% from the previous quarter to $1.5 billion.

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Is It Time to Buy ASML Stock Yet?
Tue, Apr 23, 2024 7:18 PM

Is It Time to Buy ASML Stock Yet?

Shares of top lithography equipment maker ASML Holding (NASDAQ: ASML) took a steep tumble after earnings in mid-April, halving what was a heady 30% run-up in the first few months of 2024. ASML is still sporting big gains so far during the new bull market, but some investors are nevertheless suddenly concerned about the company's financial outlook.

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