Multibagger penny stock under Rs 15 announces a strategic purchase
Wed, Apr 24, 2024 10:20 AM

Multibagger penny stock under Rs 15 announces a strategic purchase

AA Plus Tradelink has ventured into agricultural solutions & products, is pleased to announce the recent strategic purchase of specialized fertilizers and pesticides from Murae Organisor, totalling an investment of Rs 44,13,50,000. This acquisition encompasses a range of advanced agricultural products which AA Plus plans to distribute in both international and domestic markets over next 6 months.

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Tata Elxsi rides high on OEMs' software development spend
Wed, Apr 24, 2024 10:18 AM

Tata Elxsi rides high on OEMs' software development spend

OEMs spending more on software development is reflecting positively on Tata Elxsi's earnings, said the management in its Q4FY24 earnings call. They added that OEMs traditionally have perfomed the role of assembling, branding, and providing services. While suppliers used to look at technology. This trend is shifting, where OEMs are also moving towards software development, said the management.

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Day trading stocks to buy: Anand Rathi expert recommends these shares
Wed, Apr 24, 2024 10:16 AM

Day trading stocks to buy: Anand Rathi expert recommends these shares

According to Ganesh Dongre, Senior Manager—Technical Research at Anand Rathi, the Nifty 50 is now hovering around the 22,200–22,250 support zone, which will continue to trend higher in the coming days. Shares to buy today 💰TVS Motor Company: Buy at ₹1,956; SL: ₹1,930; TP: ₹1,998 💰NBCC (India) Ltd: Buy at ₹133; SL: ₹128; TP: ₹142 💰TCS: Buy at ₹3,875; SL: ₹3,820; TP: ₹3,950.

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Midcap stocks that find no takers among active fund managers
Wed, Apr 24, 2024 10:13 AM

Midcap stocks that find no takers among active fund managers

A strong financial record, good quality management, scalable business and an attractive valuation are some of the parameters that fund managers look for while selecting stocks. Companies that fall short on such metrics rarely find a place in the portfolio of the schemes. A Moneycontrol study shows that many stocks that are classified as midcaps by industry body, the AMFI.

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Indbank Merchant Banking Ser Q4 Results
Wed, Apr 24, 2024 10:12 AM

Indbank Merchant Banking Ser Q4 Results

Indbank Merchant Banking Ser Q4 Results Live : Indbank Merchant Banking Ser declared their Q4 results on 22 Apr, 2024. The topline increased by 8.74% & the profit decreased by 2.31% YoY. As compared to the previous quarter the revenue grew by 8.74% and the profit decreased by 2.31%.The Selling, general & administrative expenses rose by 22.51% q-o-q & increased by 22.51% Y-o-Y.

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Epigral Q4 Results: profit rise by 0.71% YOY
Wed, Apr 24, 2024 10:11 AM

Epigral Q4 Results: profit rise by 0.71% YOY

Epigral Q4 Results Live : Epigral announced their Q4 results on 22 Apr, 2024, with a 6.68% decrease in revenue but a 0.71% increase in profit year-over-year.In comparison to the previous quarter, the company saw a significant growth with an 11.26% increase in revenue and a substantial 57.44% rise in profit.The Selling, general & administrative expenses showed a notable increase by 13.43% Q/Q.

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Everest says spice mixes are ‘safe for consumption'
Wed, Apr 24, 2024 10:10 AM

Everest says spice mixes are ‘safe for consumption'

Everest Food Products, manufacturer of popular spice mixes on April 23 reassured consumers that its products remain safe for consumption. This statement followed directions from authorities in Singapore asking an importer to recall a product for inspection after Hong Kong banned the sale of the product due to cancer risk concerns.

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A dummies guide to controlling derivatives trading
Wed, Apr 24, 2024 10:09 AM

A dummies guide to controlling derivatives trading

On 18 April, Mint reported: Want to trade in derivatives? Take an exam. Also, prove your net worth is high enough to stomach the risks. That, in essence, is what a possible entry barrier to derivatives trading could look like as regulatory concerns continue to play out over the risks of retail investors trading in futures and options contracts.

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Reliance Industries Q4 Results: profit falls by 71.59% YOY
Wed, Apr 24, 2024 10:08 AM

Reliance Industries Q4 Results: profit falls by 71.59% YOY

Reliance Industries Q4 Results Live : Reliance Industries declared their Q4 results on 22 Apr, 2024. The topline decreased by 72.99% & the profit decreased by 71.59% YoY. As compared to the previous quarter, the revenue grew by 5.59% and the profit increased by 9.77%.The Selling, general & administrative expenses rose by 8% q-o-q & decreased by 72.59% Y-o-Y.

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Mahindra Logistics Q4 Results: loss rise by 1352.44% YOY
Wed, Apr 24, 2024 10:08 AM

Mahindra Logistics Q4 Results: loss rise by 1352.44% YOY

Mahindra Logistics Q4 Results : Mahindra Logistics declared their Q4 results on 22 Apr, 2024. The topline increased by 14.01% & the loss increased by 1352.44% YoY. Compared to the previous quarter, the revenue grew by 3.83% and the loss decreased by 31.59%.The Selling, general & administrative expenses declined by 13% q-o-q & decreased by 4.43% Y-o-Y.

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Societe Generale, Marshall Wace active in Bandhan Bank, BoB, Manappuram Fin
Wed, Apr 24, 2024 10:04 AM

Societe Generale, Marshall Wace active in Bandhan Bank, BoB, Manappuram Fin

Societe Generale and Marshall Wace Investment Strategies - Eureka Fund were active in multiple trades on April 23 trading session. In Bandhan Bank, Societe Generale picked up 1.21 crore shares, or a 0.75 percent stake, for an average price of Rs 180.8. Eureka Fund offloaded 1.17 crore shares, 0.73 percent stake at the same price. Bandhan Bank shares rose 1.02 percent to Rs 182.65 on NSE.

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ICICI Prudential share price falls over 6% after Q4 results
Wed, Apr 24, 2024 10:03 AM

ICICI Prudential share price falls over 6% after Q4 results

ICICI Prudential share price declined over 6% in early trade on Wednesday after the company reported its Q4 results with a sharp drop in net profit. ICICI Prudential shares fell as much as 6.73% to ₹553.15 apiece on the BSE. ICICI Prudential Life Insurance Company reported a net profit of ₹174 crore for the fourth quarter of FY24, falling 26% from ₹235 crore in the year-ago period.

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Equities and gold shine in FY 2023
Wed, Apr 24, 2024 10:02 AM

Equities and gold shine in FY 2023

Equity investors cheered the stock market rally in the Financial Year 2023 and made excellent returns. With two wars waged and inflation slowing at a lower-than-expected pace, gold also sparkled and made good money for investors in FY 2023. With interest rates at decadal highs, fixed-income investors had an opportunity to lock into the high interest rates for the next few years.

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Tesla Q1 results: Net profit drops 55% to $1.13 billion
Wed, Apr 24, 2024 10:02 AM

Tesla Q1 results: Net profit drops 55% to $1.13 billion

Tesla reported a sharp drop in quarterly profits, while its revenue fell for the first time since 2020, but Tesla share price rallied after its CEO Elon Musk pledged to accelerate plans for a more affordable EV. Tesla’s net profit in the first quarter ended March 2024 stood at $1.13 billion, falling 55% from $2.51 billion a year earlier amid an increasingly cutthroat electric vehicle (EV) market.

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MCX share price slumps over 5% on mixed Q4 earnings
Wed, Apr 24, 2024 10:01 AM

MCX share price slumps over 5% on mixed Q4 earnings

Multi Commodity Exchange of India (MCX) share price slumped over 5% on Wednesday's session following the commodity exchange mixed Q4FY24 results. MCX share price today opened at an intraday high of ₹4,015 and touched an intraday low of ₹3,800. Rajesh Bhosale, - equity technical and derivative analyst at Angel One, said that post-quarterly results, prices have reacted negatively.

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