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Introduction: Unveiling the Infrastructure Titan - OM Infra Ltd OM Infra Ltd is an ISO 9002 certified company that was incorporated as a Private limited Company under the name Om Metals Private Limited on 22nd December, 1971, in the State of Rajasthan. The name of the company was later changed to Om Metals and Minerals Private Limited on 27.02.1973. It has its registered office in 2nd Floor A-Block OM Tower, Church Road MI Road, Jaipur, Rajasthan. The company is a pioneer in the field of turnkey execution from design, operating in the diversified sector. Its shares are traded on the National Stock Exchange (NSE) under the symbol “OMINFRAL”. This blog post provides an in-depth analysis of OM Infra’s share performance, financials, and market position. Share Performance: Riding the Bull - OM Infra’s Stock Journey OM Infra’s shares have given a return of 130.42% this year. However, in the last 5 days, there has been a slight decrease of -1.01%. The company’s TTM P/E ratio is 22...

The Opening Act: IPO Details Cello World, a leading name in India’s consumerware sector, has orchestrated its Initial Public Offering (IPO) for subscription. This presents a unique opportunity for investors to tune into the growth story of a company that has been resonating in Indian homes for over six decades. Date : The IPO is open from October 30 to November 1, 2023. Price Band : The price band for the shares is set at ₹617 - ₹648. Market Lot : Investors can buy in lots of 23 shares. Application Amount : The application amount for one lot is ₹14,904. Size : The total size of the IPO is approximately ₹1900 Cr. Retail Portion : The retail portion is set at 35%. Retail Form : There are 4,43,597 retail forms available. HNI Small Form : There are 4,526 HNI small forms available. HNI Big Form : There are 9,063 HNI big forms available. Face Value : The face value of each share is ₹5. The Composition: About Cello World Established 60 years ago in Mumbai, Cello World ...

The Secret Behind Riddhi Steel and Tube Ltd’s 70% Return in a Week Riddhi Steel and Tube Ltd is a leading manufacturer and exporter of ERW steel tubes and pipes in India. The company has delivered excellent returns to its shareholders in the past week, as its share price has soared by more than 70 percent . In this blog post, we will reveal the secrets behind this amazing performance and the future prospects of the company. The Numbers Don't Lie: Riddhi Steel and Tube Ltd is a Profit-Making Machine The company has been performing well in terms of financials and growth. According to the latest annual report, the company's revenue increased by 25.76 percent from Rs 163.62 crore in 2019-20 to Rs 205.74 crore in 2020-21. The company's profit after tax also increased by 57.14 percent from Rs 3.50 crore in 2019-20 to Rs 5.50 crore in 2020-21. The company's earnings per share (EPS) improved from Rs 4.23 in 2019-20 to Rs 6.64 in 2020-21. The Sky is the Limit: Ridd...

BSE’s Muhurat Trading on Nov 12, 2023: A Diwali Tradition of Prosperity A Time-Honored Tradition: The Auspicious Hour of Trading Muhurat Trading is a unique tradition in the Indian stock market that marks the beginning of a new Hindu calendar year , known as Samvat . This auspicious hour is believed to bring prosperity and financial growth to stakeholders. All trades executed during the Muhurat trading session are settled on the same day, making it a fast-paced and exciting event for traders. The Special Session: When the Market Lights Up The Muhurat Trading session is a one-hour special event hosted by leading stock exchanges BSE and NSE as part of the Diwali celebrations. The session will start at 6 pm and end at 7:15 pm , which includes a 15-minute pre-market session. This short but intense trading window is eagerly awaited by traders and investors alike. Trading Across Segments: A Spectrum of Opportunities The Muhurat Trading session is not limited to just one segment o...

Drone Destination and Marvel Geospatial join hands to offer drone services in India Drone Destination Limited, India’s largest drone training organization and a leading drone-as-a-service company, has signed a memorandum of understanding (MoU) with Marvel Geospatial Solutions Private Limited, a geospatial and engineering consultancy company, to undertake drone service projects across various sectors in India. What is Drone Destination Limited? Drone Destination Limited is a DGCA-authorized remote pilot training organization that has developed an integrated drone ecosystem built around drone manufacturing, certified training, services, and rent a drone. The company is headquartered in New Delhi and is backed by a well-experienced team of aviation and drone experts with a total experience of over 350 years. Drone Destination operates the largest network of DGCA-certified drone pilot training programs along with its training partners, and has recently crossed a key landmark by...

HAL and Safran Aircraft Engines join hands to boost India’s aero-engine ecosystem India’s leading aviation company Hindustan Aeronautics Limited (HAL) and Safran Aircraft Engines, the French global leader in aero engine design, development and manufacturing, signed today a MoU (Memorandum of Understanding) announcing their intent to develop industrial cooperation in forging parts’ manufacturing for commercial engines. This MoU is a significant step towards strengthening the long-term partnership between HAL and Safran Aircraft Engines, which dates back to 1960s when HAL started manufacturing the Artouste engine for Chetak helicopters under license from Safran. Since then, the two companies have collaborated on various projects, such as the Shakti engine for Advanced Light Helicopter (ALH) and Light Combat Helicopter (LCH), the M53 engine for Mirage 2000 fighters, and the M88 engine for Rafale jets. Under the terms of the MoU, HAL will produce LEAP engine parts for Safran Ai...

Wardwizard Innovations shares soar 13% as it signs MoU with Gujarat government for EV cluster Wardwizard Innovations & Mobility Ltd, the maker of Joy e-bike brand, saw its shares surge 13% on Thursday, as it announced a Rs 2,000 crore investment plan to develop an electric vehicle ancillary cluster in Gujarat. The company signed a memorandum of understanding (MoU) with the Gujarat government at the Vibrant Gujarat Global Summit 2024 in Gandhinagar. What is Wardwizard Innovations & Mobility Ltd? Wardwizard Innovations & Mobility Ltd is an electric vehicle company that offers a range of e-bikes and e-scooters under the Joy e-bike brand. The company was founded in 2011 and is headquartered in Vadodara, Gujarat. The company claims to have sold over 25,000 e-bikes in India and has a network of over 300 dealers across the country. The company also exports its products to Nepal, Bangladesh, Sri Lanka, and Africa. What is the MoU with the Gujarat government by Wardwizar...

How Eureka Forbes Built a Strong Brand, a Diverse Product Portfolio and a Loyal Customer Base in the Water Purifier Market and Boosted its Stock Price Eureka Forbes is one of the leading companies in the consumer durables sector in India, with a focus on health and hygiene products such as air and water purifiers, vacuum cleaners and air conditioners. The company was founded in 1982 and is a subsidiary of Forbes & Company, which is owned by the Shapoorji Pallonji group. Eureka Forbes has a strong brand reputation, distribution network and sales channel, which gives it an edge over its competitors in the water purifier market. In this blog post, we will analyse how Eureka Forbes has maintained its market leadership, its stock performance and its future prospects. Eureka Forbes’s market share and product portfolio According to a report by TechSci Research , Eureka Forbes was the market leader in the reverse osmosis (RO) water purifier segment in India in 2013, with a mark...

TEJAS NETWORK JOIN HANDS WITH FIBRE CONNECT TO INSTALL OPTICAL NETWORK IN ITALY Tejas Networks, a leading provider of end-to-end optical and broadband access products, is an India-based company that designs, develops, and sells its products to telecom service providers, internet service providers, utilities, security, and government entities in over 75 countries. Founded in 2000, Tejas Networks has built many IPs in multiple areas of telecom networking and has emerged as an exporter to other developing countries including Southeast Asia and Africa. Recently, Tejas Networks announced a significant partnership with FibreConnect, an innovative wholesale telecom infrastructure developer in Italy. This collaboration marks a transformative step in Italy’s digital landscape, aiming to bridge the digital divide for small and medium businesses across the country The Collaboration: A Strategic Alliance for Digital Transformation Tejas Networks was the sole supplier of optical network...

Breaking News: IT Raids at Trident Group On October 17, news broke out about Income Tax raids being conducted across various locations of Trident Group. The stock reacted to this news, trading 2.42 percent lower on the NSE at Rs 36.25 at 10:44 am. This was a significant shift from its opening at Rs 37.30, which was 0.4 percent higher than the close on October 16. The Investigation: Unraveling the Details Searches are reportedly underway at several locations of Trident Group, including Punjab and NCR. According to an ANI report, officials have stated that these raids are part of an investigation into potential financial irregularities. More than 40 officials are currently involved in the raid at the Budhni plant located in Madhya Pradesh. This operation extends to various premises linked to the promoters and top officials of the Trident Group. Financial Health Check: A Closer Look at the Numbers Trident Group is yet to announce its Q2FY24 results. However, a look at the Q1FY...

Motilal Oswal Forecasts ANGEL One to Reach INR 2550 ANGEL One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited. It provides a range of financial services including stockbroking, portfolio management, mutual funds, life insurance, health insurance, IPO, depository services, and investment advisory. Stellar Financial Performance by ANGEL One: Surpassing Expectations ANGEL One reported a Profit After Tax (PAT) of INR 3 billion. This figure exceeded our estimates by 7% and marked a growth of 42% Year on Year (YoY). This robust performance is indicative of the company’s strong financial health and growth potential. It also reflects the effectiveness of the company’s business strategies and its ability to generate substantial profits. ...

Ashok Leyland’s Rocketing Shares: Bus Orders Drive Growth Ashok Leyland, an Indian multinational automotive manufacturer headquartered in Chennai, is owned by the Hinduja Group. Founded in 1948 as Ashok Motors, it became Ashok Leyland in 1955. It is the second largest manufacturer of commercial vehicles in India, the third largest manufacturer of buses in the world, and the tenth largest manufacturer of trucks. With these credentials, Ashok Leyland has recently been in the news for all the right reasons. The company has secured substantial orders from two major state transport corporations, which is expected to give a significant boost to its share prices. Fueling Growth: Major Orders from Tamil Nadu and Gujarat On 13th October 2023, Ashok Leyland received an order for 1,666 buses from the Tamil Nadu State Transport Corporation on behalf of the Government of Tamil Nadu. This follows another substantial order received in September 2023 for 1,282 buses from the Gujarat State...

Angel One’s Rise: 6.6% Surge to Record High Angel One, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is headquartered in Mumbai and has a strong network of over 8500+ sub-brokers across more than 900 cities across India. As of December 31, 2021, the company had 3.1 million active customers on NSE, a significant jump from the previous year. Its current customer base is more than 10 lakhs. Being an innovation-driven platform, Angel One has rapidly transformed into a digital-first brand over the last few years. The largest listed retail stock broking house in India in terms of active clients, Angel One has been making headlines with its impressive Q2 performance. The company’s stock surged by 6.6%, reaching an all-time high. This surge is a testament to the company’s strong performance in the second quarter of the fiscal year 2024 (2QFY24). Let’s dive deeper into what led to this historic surge and the key highlights of...

Zomato’s Winning Game: Targeting a 47% Return during World Cup 2023 ICC World Cup 2023: A Feast of Cricket and Cuisine The ICC World Cup 2023 has kicked off in India, marking one of the most anticipated events in the world of cricket. This grand tournament, hosted by India, started on 5th October and is scheduled to conclude on 19th November 2023. Ten national teams are participating, making it a truly global spectacle. The tournament retains the round-robin format with all teams playing against each other for a total of 45 league matches. The top four teams will qualify for the semifinals, to be played in Mumbai on 15 November and in Kolkata on 16 November. The final match will be held at the Narendra Modi Stadium in Ahmedabad. As cricket enthusiasts across the nation tune in from the comfort of their homes to cheer for their favorite teams, another trend is catching up - the trend of online food delivery. ZOMATO The Comfort of H...

Satia Industries Soars 4% on Rs 340-Crore Order Wins, Sign of Rising Demand for Writing and Printing Paper Satia Industries: A Powerhouse in Paper Manufacturing Satia Industries Limited, one of India’s largest Wood and Agro-based paper plants, is making headlines. The company, which manufactures Paper using Wood Chips, Veneer Waste, Wheat Straw, and Sarkanda, has seen its shares trading over 4 percent higher on the afternoon of October 11. This surge came in response to the company’s announcement of securing contracts for supplying paper for printing textbooks from several clients. Securing the Future: Satia’s New Contracts The company, in a regulatory filing, revealed that it had received orders from Text Book Production and Marketing (Bhuvneshwar), MP Text Book Corporation (Bhopal), Rajasthan State Textbook Corporation (Jaipur), and Maharashtra State Bureau of Textbook Production & Curriculum Research (MSBT) Pune. These orders, amounting to 34,000 MT and valued at ove...

Wipro Goes Green: Shares Reach Day’s High with Renewable Energy Investment Wipro Ltd, an Indian multinational corporation, is a leading player in the IT services sector. The company provides information technology, consulting, and business process services. Wipro’s capabilities span across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries. The company was incorporated on December 29, 1945, and has its headquarters on Sarjapur Road in Bangalore. On October 11, Wipro Ltd saw its shares surge over 3 percent. This surge was triggered by the company’s completion of its subscription to the equity share capital of FPEL Ujwal, a renewable energy company. Investing in the Future: Wipro’s Strategic Move Wipro’s investment in FPEL Ujwal is part of a definitive agreement signed on September 1. As part of this agree...

Vascon Engineers: Breaking New Ground with Two Contracts Worth ₹615 Crore Company Overview: Vascon Engineers Limited Vascon Engineers Limited, incorporated on 01 January, 1986, is a public limited company located in Pune, Maharashtra. With an authorized share capital of INR 269.13 crore and a total paid-up capital of INR 217.32 crore, the company has made its mark in the construction and real estate sector. Over the past three decades, Vascon Engineers has delivered over 200 projects, covering more than 50 million sq. ft. of space. The company’s portfolio spans across residential, industrial, IT parks, malls, and multiplexes. Recently, Vascon Engineers Limited made headlines with the acquisition of two significant contracts. The company’s shares saw a surge of more than two per cent following the announcement, reflecting the market’s positive response to this development. Contract Conquest: Vascon Engineers Limited Strikes Gold The f...

RailTel Corporation wins order worth Rs. 67.95 Cr from Jammu Smart City Limited for Design, Supply, Installation, Testing, Commissioning and Operations RailTel Corporation of India Ltd., a Mini Ratna (Category-I) Central Public Sector Enterprise, is an Indian public sector enterprise which provides broadband and VPN services. It was formed in September 2000 with the objective of creating a nationwide broadband, telecom, and multimedia network, and to modernize train control operation and safety system of Indian Railways. Today, RailTel is one of the largest neutral telecom infrastructure providers in the country, owning a pan-India optic fibre network on exclusive right of way (ROW) along railway tracks. Recently, RailTel has made headlines by securing a substantial order from Jammu Smart City Limited. The order, worth Rs. 67.95 Cr, encompasses the design, supply, installation, testing, commissioning, and operations. ...