NEWS
Key Highlights: Royal Enfield, the motorcycle brand of Eicher Motors Limited, sold 82,257 motorcycles in November 2024, reflecting a 2% growth compared to November 2023, when sales stood at 80,251 units. This figure encompasses both domestic and international markets: Domestic sales: 72,236 motorcycles, marking a 4% decline compared to the previous year. International sales: 10,021…
The agreement between Lloyds Engineering and FINCANTIERI S.p.A. is a formal arrangement outlining how the two companies will work together. Here’s a breakdown of its key points, explained in simpler terms: 1. Agreement An agreement is a formal understanding between two parties. In this case, Lloyds Engineering and FINCANTIERI S.p.A. have agreed to collaborate on…
NSE: MEDPLUS:Rs.744.90 (+0.42%) at 3.30 pm on day 25-Nov-2024 SBI Mutual Fund Reduces Stake in MedPlus Health Services Limited In a recent development, SBI Mutual Fund has decreased its shareholding in MedPlus Health Services Limited, one of India’s leading pharmacy retail chains. According to a disclosure dated November 21, 2024, this reduction follows a market…
The paint industry is currently under significant pressure, facing both internal challenges and external factors. Let’s break down the reasons behind this tough time and explore the key dynamics reshaping the sector. Pressure Points for the Paint Industry Market Performance:Stocks in the paint sector, including Asian Paints, have struggled, breaking key support levels. This decline…
In the past, we witnessed how political alliances influenced the stock market. For example, during the previous elections, when the BJP formed a government with Chandrababu Naidu, stocks like Heritage Foods experienced significant movement in the market. Now, with the BJP securing a majority in Maharashtra’s recent elections, it’s worth examining which stocks could potentially…
Quick commerce is becoming the latest trend among major players in India. Initially pioneered by Swiggy and Zomato, the concept is now being embraced by giants like Reliance Retail and Myntra. Myntra, known for its dominance in the fashion category, is testing the waters of quick commerce through a pilot project named M-Now. The service…
Today, the election results for Maharashtra were announced, and their impact on the stock market on Monday remains to be seen. Typically, markets react positively when the same party holds power at both the state and central levels. Maharashtra is particularly significant as Mumbai, the financial capital of India, is located here, and the state…
NSE: MAITHANAL: Rs.1,065.75(+0,36%) at 13:14 pm 22 nov 2024 Maithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant. Maithan Alloys Limited has…
Kitex Garments Limited has announced a 2:1 bonus share issue, rewarding shareholders with two new equity shares for every one share they currently hold. The decision was disclosed in a regulatory filing with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Key Details of the Bonus Issue Bonus Ratio: Shareholders will receive…
NSE: PRAJIND:Rs.730.90 (+8.20%) at 11.31 am 22-11-2024 Praj Industries’ Revenue Growth Strategy : The global shift toward clean energy is creating lucrative investment opportunities, particularly in bio-based solutions. Praj Industries, an Indian industrial biotechnology company, is well-positioned to capitalize on this trend with its ambitious growth strategy. Aiming to triple its revenue to INR 10,000…