Knowledge Marine Engineering Works Ltd. announced that its subsidiary company Indian Ports Dredging Private Limited (IPDPL), has obtained an extension on the existing contract of “Dredging of Lock and Approach Jetty and De-siltation of Grooves, Cambers of Lock Gates and Dry Dock Gates at KPD and NSD" for a period of 6 months. On Friday, the shares closed at ₹1003.85 apiece level, down by 1.58%.
Open FlipDespite being a weak market today, shares of Growington Ventures India Ltd soared 5.05% to an intraday high of Rs 94.70 per share from its previous closing of Rs 90.15. Shares of the company ended up 2.94% to Rs 92.80 per share. The company approved bonus shares in the ratio of 24:100. It meant that for every 100 shares held, shareholders would receive 24 bonus shares as of the record date.
Open FlipSilver had a difficult year in 2022. Last year, it was the worst-performing asset in the precious metal complex due to uncertainty surrounding China's industrial demand, a stronger USD, and rising global interest rates. Silver began trading at $23.29 per ounce on the London spot market, but fell to a 2-year low of $17.53 by September due to a strong US dollar and rising global interest rates.
Open FlipOn February 24, 2023, NBCC (India) informed in the exchange filing that it had been awarded work of a project management consultant (PMC) for complete construction of buildings and their services and upgradation works of existing buildings etc. Earlier, this month, NBCC informed that it had secured total order of Rs 194.17 crore in January 2023. The stock closed at Rs 32.95, down by 1.05%.
Open FlipGold is benefiting from geopolitical concerns as the US-China rhetorical spat continues unabated. In the following weeks, gold may fall to $1780. Moving US 10-year yields above 4% may expedite the slide in commodities, particularly gold. Yields have risen over 18% from a cyclical low of 3.34% just a few weeks ago. Currency exchange risk should be hedged by purchasing comparable USD INR on the MCX.
Open FlipMeesho currently has no intentions of fundraising. Vidit Aatrey, the company's CEO and co-founder, stated that they have more than enough money in the bank. In response to the difficulties that many companies face during the financing winter, he stated that Meesho does not need to raise cash in any round at this time. Although an IPO could be used for the following round of fundraising.
Open FlipRadhagobind Commercial Ltd told in a stock exchange filing that its Board of Directors considered and approved an increase in the company's authorized share capital from Rs. 1,45,00,000 to Rs. 25,00,00,000. The company's authorized share capital is Rs. 25, 00, 00,000 divided into 2,50,00,000 Equity shares of Rs. 10 each. The shares closed at ₹25.00 apiece level, down by 2.34%.
Open FlipToday's market is in the red, with most of the major coins falling. Bitcoin's price has dropped by 3.23% in the last 24 hours as of this writing. The price of Ethereum falls by 2.90%. Cardano prices declined by 3.93%. XRP is down 2.58% today. Solana has tanked by 4.44%. Polygon dropped by 5.31%. Polkadot prices are down 5.93%. Dogecoin also fell by 3.73%, while Shiba Inu fell by 4.00%.
Open FlipTube Investment India's wholly-owned subsidiary TI Clean Mobility (TICM) will raise ₹3,000 Cr by March 2024 to power its EV business. TII has already invested ₹639 Cr, according to a corporate release. TICM specialises in the production and marketing of electric three-wheelers. Through its subsidiaries, it also manufactures and markets e-tractors and electric heavy commercial vehicles.
Open FlipWith over 20,000 cryptocurrencies in circulation, choosing the right one for you can be challenging. Thus, Mudrex Coin Sets enable you to invest in crypto indices, i.e., theme-based crypto baskets, to help you make the right choice. Simply invest in sectors that are relevant to you.
Open FlipElectrification and automation major ABB India on Friday announced to invest of ₹1,000 Cr in the country in the next 5 years for capacity expansion, said a top company official. The company, which launched a new facility in Nashik, will invest the money in expanding capacity across the country. He stated that ABB India intends to invest Rs 1,000 crore in capacity growth over the next five years.
Open FlipThe board of Rhetan TMT announced a sub-division/stock split of its equity shares with a face value of ₹10 each into 10 equity shares with a face value of ₹1 each, or a 1:10 stock split. It announced the issuance of 11 bonus shares for every 4 equity shares held by equity owners as of the record date. The stock surged from ₹66.5 apiece to ₹494 converting ₹1 lakh to ₹7.28 lakh in just 6 months.
Open FlipMapMyIndia share price has been rising after ushering in new year 2023. This tech-enabled stock has rallied strongly after hitting a 52-week high of ₹1,022 apiece. Anand Rathi feels that the stock may rise to ₹1500 apiece level in the long term, returning 30% to its shareholders. Anand Rathi also said, "We retain our Buy rating on the stock with a lower TP of ₹1,500 (45x FY25 earnings)."
Open FlipG R Infraprojects Limited reported in the exchange filing that the company has appeared as the highest bidder in the financial bid opening dated 24 February 2023 for the tender invited by National Highways Logistics Management Limited. The stock opened at Rs 1084.95, with a high and low of Rs 1106.65 and Rs 1053.75. The stock closed trading today at Rs 1069.05, up by 0.13%.
Open FlipSoftrak Venture Investment Ltd. has delivered multibagger returns in less than two months as the stock surged astronomically from Rs 1.52 to 9.19 from January 02, 2023, to February 24, 2023. As a result, the stock has grown 534% t in the same period. It recorded its 52-week high on February 24.
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