Share Market News and Buzz: The Ultimate Blog for Stock Market News and Tips

NCC Share: Why You Should Invest in This Construction Company NCC Ltd. is one of the leading construction and infrastructure companies in India. It has a diversified portfolio of projects across various sectors such as roads, railways, irrigation, mining, power, water, and urban infrastructure. In this blog post, we will analyze the performance of NCC shares and why it is a good investment option for long-term investors. NCC Share Price and Financials NCC share price has been on an upward trend since the beginning of 2023. It has gained more than 150% in the past year and reached its 52-week high of Rs 176.6 on August 25, 2023. The current market capitalization of NCC is Rs 10,648 crore. The financial performance of NCC has also been impressive. The company reported a revenue of Rs 8,872 crore and a net profit of Rs 659 crore for the financial year 2022-23. The revenue grew by 9% and the net profit grew by 28% compared to the previous year. The earnings per share (EPS) was ...

India's economy grew at a faster pace of 7.8% in the April-June quarter of 2023-24, up from 6.1% in the previous quarter, according to data released by the National Statistical Office (NSO) on Thursday. The growth was driven by strong performance in the agriculture sector, which grew by 3.5%, and the services sector, which grew by 8.4%. The manufacturing sector grew by 4.7%, slower than the previous quarter's growth of 6.1%. The growth in the April-June quarter was the highest in a year and helped India retain its position as the fastest-growing major economy. China's GDP growth in the same quarter was 6.3%. The NSO data also showed that the gross value added (GVA) grew by 7.9% in the April-June quarter, up from 6.1% in the previous quarter. GVA is a measure of economic activity that excludes taxes and subsidies. The government has set a target of 8% GDP growth for the current fiscal year. The strong growth in the April-J...

Shakti Pumps Share: A Rising Star in the Compressor and Pump Sector Shakti Pumps Share is a leading manufacturer and exporter of compressors and pumps in India and abroad. The company has recently received a huge order of Rs 358 crore from the Haryana government for supplying 7,781 new pumps for renewable energy projects. This is a great achievement for the company and a sign of its growing reputation and market share. About Shakti Pumps Share Shakti Pumps Share was founded in 1982 by the Patidar family in Indore, Madhya Pradesh. The company is certified by ISO 9001:2000 and has a state-of-the-art manufacturing facility in Pitampur Industrial Area. The company produces a wide range of products for domestic, agricultural, industrial, commercial building, solar and sewage drainage applications. The company has a presence in over 50 countries, including India, and has won several awards and recognitions for its quality and innovation. Sha...

RVNL share: A stock that has given 365% returns in 2 years and received an order of Rs 256 crore Rail Vikas Nigam Limited (RVNL) is a company that operates in the engineering and construction sector of the stock market. It is mainly involved in various railway infrastructure projects, such as metro projects, rail bridges, line development, railway electrification, and cable connections. The company was established on 24 January 2003 by the former Prime Minister of India Atal Bihari Vajpayee to strengthen and expand the Indian Railways. RVNL share has been one of the best performers in the stock market in the last two years, giving its investors a whopping 365% return. The company has also been receiving consistent orders from different state governments for its projects. Recently, the company received an order of Rs 256 crore from the Government of Maharashtra for five projects under Maharashtra Metro Rail Corporation Limited. In this blog post, we will look at the financial performanc...

Titagarh Rail Systems (formerly known as Titagarh Wagons) is the largest private sector manufacturer of wagons and an established player in passenger coaches. The company recently received a letter of acceptance (LOA) from Gujarat Metro Rail Corporation (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 nos. of standard gauge cars for Ahmedabad Metro Rail Phase-II Project. The value of the order is approximately Rs 350 crore. The prototype has to be delivered within 70 weeks from LOA and delivery completion is 94 weeks from LOA. Titagarh Rail Systems has been involved in several other Metro rail projects in the country. The Kolkata-based company recently received a contract to supply 24 Metro trains for Phase-I of Surat Metro at a contract value of around Rs 850 crore from Gujarat Metro Rail Corporation (GMRC). The Ahmedabad Metro Rail Phase-II project is being implemented by GMRC at a cost of Rs 13,500 crore. The project will add 28.2 km ...

MTAR Technologies has received the Defence Industrial License for production of mechanical and electronic subsystems in the Defence sector. This will enable the company to partner with foreign MNCs and cater to both Domestic & Export markets. About MTAR Technology MTAR Technologies is a leading national player in precision engineering industry engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance. The company has grown into a major group with state-of-the art facilities with unparalleled history of contributing to Indian Civilian Nuclear Power program, Indian Space program, Indian Defence , Global Defence, as well as Global Clean Energy sectors. Defence Industrial License MTAR Technologies has received the Defence Industrial License for production of various mechanical and electronic subsystems in the D...

ONGC: A Rising Star in the Energy Sector ONGC, or Oil and Natural Gas Corporation Limited, is one of India’s leading energy companies. It has a diversified portfolio of oil, gas, and renewable energy sources. ONGC has shown impressive growth and profitability in the recent quarter and has announced ambitious plans for the future. In this blog post, we will look at some of the highlights of ONGC’s performance and prospects. ONGC’s Quarterly Results: A Stellar Show ONGC has delivered a stellar performance in the quarter ending June 2023. The company reported a net profit of ₹6,734 crore, which was a whopping 256% increase from the ₹1,889 crore in the previous quarter. The revenue from operations also rose by 62% to ₹24,939 crore from ₹15,403 crore in the previous quarter. The company attributed this remarkable performance to higher crude oil and natural gas prices, lower operating costs, and higher production volumes. ONGC’s Share Price: A Bull Run ONGC’s share price has also reflected i...

NBCC Share is one of the leading public sector enterprises in India, engaged in the business of construction and real estate development. The company was incorporated in 1960 as a wholly owned Government of India enterprise under the administrative control of the Ministry of Works and Housing. The company was conferred the status of Navratna by the Government of India in 2012, which signifies its operational excellence and financial autonomy. The company has a vision to be a global leader in sustainable infrastructure development and a mission to deliver high-quality projects and services to its clients and stakeholders. NBCC Share has recently received a new order of 66 crores for designing and executing the redevelopment of Indraprastha Bhawan in New Delhi. This is positive news for the company, which is trading at around Rs 50 in the stock market and has a debt-free balance sheet. In this article, we will discuss the current status of NBCC Share, its past performance, an...

Life Insurance Corporation of India (LIC) has increased its stake in Tata Chemicals Limited from 7.123% to 9.177%. The insurer bought 1,81,45,978 shares at an average price of Rs 999.35 via open market during the period, 27 June 2023 to 24 August 2023. Tata Chemicals is a leading supplier of choice to glass, detergent, industrial and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company Rallis India. Tata Chemicals has world-class R&D facilities in Pune and Bangalore. LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. The company has a large pool of funds and is a major investor in the stock market. The increase in LIC's stake in Tata Chemicals is seen as a vote of confidence in the company. It is also likely to boost the stock price of Tata Chemicals in the near future. Here are some of the reasons why LIC may have increased its stake in T...

Indian Engineering and Industrial Equipment Manufacturer Scores Major Win in Global Market BEML Introduction: BEML is a leading Indian engineering and industrial equipment manufacturer. It is a PSU under the Ministry of Defence, Government of India. BEML was established in 1964 and has a global presence. The company manufactures a wide range of heavy equipment, including earthmoving, mining, rail coaches, defense vehicles, and aerospace products. BEML is a well-respected company with a strong financial position. It is committed to providing high-quality products and services to its customers. $19.71 million order from Russia BEML is a well-established company with a long history of providing high-quality products and services. The company has a strong track record of exports, and it has a wide range of customers in the defense, aerospace, mining, construction, and rail sectors. The order from Russia is a testament to BEML's capabilities and reputation. It is also a sign...

Tata Power Announces Major Investment in EV Charging Infrastructure Tata Power, India's largest integrated power company, has announced plans to build 25,000 electric vehicle (EV) charging stations across India by 2025. This is a major investment by the company and is a sign of its commitment to the growth of the EV market in India. The new EV charging stations will be a mix of fast and slow chargers and will be located in strategic locations across the country. They will be supported by Tata Power's nationwide network of grid-connected solar and wind power plants. The investment in EV charging stations is part of Tata Power's broader strategy to become a leading player in the renewable energy sector. The company is also investing in solar and wind power projects. The announcement by Tata Power is a positive development for the Indian EV market. It shows that there is growing interest from the private sector in the growth of this sector. The government of India is also taki...

Vascon Share: A Rising Star in the Engineering and Construction Sector Introduction Vascon Share is a company that specializes in real estate and EPC (engineering, procurement, and construction) projects. The company has been in the business for more than 37 years and has completed over 200 projects in India and abroad. The company has a market cap of Rs 1,319.11 crore and a debt of Rs 137.65 crore, which gives it a healthy balance sheet. The company has also shown impressive sales growth of 29.11% and profit growth of 190.82% in the last year. The company has recently received a new order of Rs 605 crore from Bihar Medical Services and Infra Corporation Limited to construct a hospital in the Supaul district of Bihar. This is a huge boost for the company as it will increase its order book and revenue potential. The project is expected to be completed in 36 months, which will also improve the company’s cash flow and profitability. In this blog post, we will discuss the follo...

Stuck for 1 year, the reason for the rise in Trident stock has been found Trident Limited is a textile sector company that has been trading in the stock market for over three decades. The company manufactures and exports yarns, terry towels, paper and chemicals to more than 75 countries, including the US, Europe, Australia and New Zealand. However, the company’s stock price has been stuck at the same level for about a year, until recently when it registered a sudden boom. What is the reason behind this surge in Trident share price? Let’s find out. Trident share company performance Trident Share company has a market cap of 19,390.11 crores and a debt of 1,374.11 crores, leaving it with a free cash availability of 351.64 crores. The company’s promoter holding is 73.19%, which shows a strong commitment from the management. However, the company’s sales growth and profit growth have been negative in the last year, at -9.42% and -48.23% respectively. The company’s 52-week high le...

BEML, a leading defence and aerospace company in India, has secured a lucrative order from the Ministry of Defence (Army) for supplying command post vehicles. The order is worth Rs 101 crore approximately and was announced after market hours yesterday. Command post vehicles are specialized vehicles that provide communication and command facilities for military operations. They are equipped with advanced systems and devices that enable secure and reliable communication among various units of the armed forces. BEML is a public sector undertaking under the Ministry of Defence. It has three major business segments: defence & aerospace, mining & construction, and rail & metro. The company manufactures a wide range of products such as combat vehicles, earthmoving equipment, metro coaches, and aerospace components. The company reported a standalone net loss of Rs 74.64 crore in Q1 FY24, which was lower than the net loss of Rs 82.33 crore in Q1 FY23. The revenue from op...

ABB India, a leading global technology and automation company, announced that it has secured a major automation contract from Reliance Life Sciences (RLS), a subsidiary of Reliance Industries, to automate their new biopharmaceutical manufacturing plants in Nashik, Maharashtra. The contract involves the supply, installation, and commissioning of ABB’s distributed control system (DCS) for the plasma proteins, biopharmaceuticals, oncology pharmaceuticals, and vaccines manufacturing plants at RLS’ 160-acre facility in Nashik. The DCS will enable RLS to monitor, control, and optimize the production processes, ensuring high quality, safety, and efficiency. G. Balaji, SVP, head of Energy Industries, ABB India said, “This collaboration will reinforce our position in the pharma and life sciences market, where, as a technology provider, we see tremendous potential for growth and innovation. With India rapidly progressing as a prominent biopharmaceutical manufacturing hub, we find our...

Knowledge Marine & Engineering Works Ltd, a leading company in the field of marine engineering and dredging, has announced that it has secured four contracts worth 342.06 crore Indian Rupees (15.45 million Bahraini Dinar) in Bahrain. The contracts are for the supply and sale of dredged marine sand to various clients in the Middle East. The company, which operates through its subsidiary Knowledge Dredging Co. W.L.L, India, established in Bahrain, has received four distinct letters of intent (LOI) from Haji Hasan Group, Bahrain; TCT Marine Contracting WLL, Bahrain; K7 Contracting WLL, Bahrain; and Alsalem Contracting, Bahrain. The contracts have a duration of five years and are expected to commence during the third quarter of the fiscal year 2023-2024. The dredged marine sand will be used for various construction and infrastructure projects in Bahrain and other neighboring countries. The sand will be extracted from the seabed using the company’s own fleet of marine crafts...

BHEL, India’s leading power equipment manufacturer, has bagged a lucrative order worth Rs 4,000 crore from Mahan Energen, a subsidiary of Adani Power. The order is for the supply of equipment and supervision of the erection & commissioning of a 2x800 MW power project in Madhya Pradesh. This is a significant achievement for BHEL, as it showcases its technological prowess and competitive edge in the power sector. BHEL will supply the boiler, turbine, generator, and associated auxiliaries along with control and instrumentation for the supercritical power project at Bandhaura. The boiler and turbine generator will be manufactured at BHEL’s Trichy and Haridwar plants respectively. The project is expected to be completed by 2026. The order from Mahan Energen is a testament to BHEL’s long-standing relationship with Adani Power, one of the largest private power producers in India. BHEL has previously executed several projects for Adani Power, including the 4x330 MW Mundra Therm...

KNR Constructions Ltd: A Leading Infrastructure Development Company in India KNR Constructions Ltd (KNRCL) is a listed public company that was incorporated in 1995 and is headquartered in Hyderabad, Telangana. The company is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects across India. KNRCL is a multi-domain infrastructure development organization with more than 2 decades of experience and executes the construction of technically complex and high value projects across segments such as: Express ways National Highways Flyovers Bridges and Viaducts Irrigation Projects Urban Development - Civic amenities Commercial and Residential Projects Why Invest in KNR Constructions Ltd? KNR Constructions Ltd has a strong track record of delivering quality projects on time and within budget. The company has a diversified portfolio of projects in various sectors and regions, which reduces the risk of depe...

South Indian Bank Welcomes P R Seshadri as its New MD & CEO: What Does it Mean for the Bank and its Customers? South Indian Bank, a leading Kerala-based private sector bank, has announced the appointment of P R Seshadri as its new managing director (MD) and chief executive officer (CEO) for a period of three years with effect from 1 October 2023. The bank received approval from the Reserve Bank of India (RBI) for this appointment on 17 August 2023. P R Seshadri is an accomplished banker with over 25 years of experience in the banking industry. He holds a Bachelor’s degree in Electrical Engineering from the Delhi College of Engineering and a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore. He has worked in various positions across multiple businesses, functional lines, and geographies, both in India and abroad. P R Seshadri has served as, among other positions, the managing director and CEO...

Greaves Finance and Ather Energy join hands to offer exclusive financing solutions for electric two-wheelers Greaves Finance Limited, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd, under its brand Evfin, has announced its partnership with Ather Energy, India’s leading electric two-wheeler manufacturer. This partnership will enable Ather Energy’s customers to access a range of customized financing solutions from Evfin, designed to suit their individual needs and preferences. The financing schemes will also offer attractive benefits such as buyback and upgrade options for the customers. Ather Energy is a pioneer in the electric two-wheeler segment in India, offering smart and connected products such as the Ather 450X and the Ather 450 Plus. These products are powered by lithium-ion batteries and feature intelligent features such as Google Maps, Bluetooth connectivity, over-the-air updates, and remote diagnostics. Ather Energy also ...