Understanding Bonus Shares: A Look at Saksoft Ltd Bonus Shares Overview: Saksoft Ltd, a prominent player in the IT Service Management sector, is set to have its shares trade ex-bonus on September 19, 2024. The company, which specializes in digital transformation solutions, announced a bonus share issuance in August, offering shareholders a 1:4 ratio. This ...
Investing in Bajaj Finserv: A Promising Opportunity If you’re seeking a strong stock investment, Bajaj Finserv should be on your radar. Recently, brokerage firms have adopted a bullish outlook on this stock. On the last trading day, Bajaj Finserv shares rose by 2.17%, closing at ₹1,893.75 on the Bombay Stock Exchange (BSE). This increase has ...
Adani Group Secures Major Energy Supply Contract in Maharashtra In a significant development for Maharashtra’s energy sector, Adani Group has successfully won a competitive bid to supply a substantial 6600 MW of renewable and thermal power over a long-term period. The winning bid of Rs 4.08 per unit not only outpaced bids from major industry ...
Foreign Portfolio Investments Surge in Indian Markets In a remarkable turn of events, Foreign Portfolio Investors (FPIs) have infused a net amount of Rs 27,856 crore into the Indian stock markets in just the first 15 days of September. This upward trend is attributed to the resilience of the Indian economy and a growing anticipation ...
Understanding Stock Market Holidays: Eid-e-Milad Update As the festive season approaches, it’s important for investors and traders to stay informed about stock market holidays. This year, the Muslim community will celebrate Eid-e-Milad, marking the birthday of Prophet Muhammad on September 16. However, due to the coinciding festival of Ganesh Visarjan on September 17, the Maharashtra ...
Overview of Market Movements Last week was a bullish period for the stock market, with the BSE Sensex rising by 1,707.01 points, or 2.10%. This increase in the index accompanied a significant surge in the market capitalization (m-cap) of 9 out of the top 10 most valuable companies in the Sensex, totaling an impressive increase ...
Massive GST Evasion Detected in India for FY 2023-24 The Directorate General of Goods and Services Tax Intelligence (DGGI) has reported alarming figures regarding Goods and Services Tax (GST) evasion in the financial year 2023-24. A total of 6,084 cases of tax evasion have been identified, leading to a staggering detection of Rs 2.01 lakh ...
Upcoming IPOs This Week: The week starting September 16th will see an exciting influx of Initial Public Offerings (IPOs) as a total of 7 new IPOs prepare to enter the primary market. Among these, there are 2 offerings from the mainboard segment, along with 5 IPOs that have already opened for bidding. Additionally, the stock ...
Equitas Small Finance Bank: A Strong Investment Opportunity Shares of Equitas Small Finance Bank (SFB) have been making waves in the market since their listing four years ago. Investors who participated in the initial public offering (IPO) are currently enjoying an impressive profit of 158%. While the stock reached a one-year high in January 2024, ...
Domestic Worker Crisis: Samajwadi Party MLA Accused of Child Labor In a shocking incident that has drawn public outrage, a case has been lodged against Samajwadi Party MLA Zahid Beg and his spouse Seema Beg for allegedly torturing and unlawfully imprisoning a minor girl who was employed as a domestic worker in their home. The ...
The Surge in Godfrey Phillips Shares: A Closer Look at the Bonus Issue In recent market news, Godfrey Phillips India, a key player in the cigarette sector and part of the Modi Enterprises group, has drawn significant attention following its announcement of a bonus issue. This move has notably resulted in a substantial increase in ...
Competition Commission of India Takes Action Against Smartphone Giants The Competition Commission of India (CCI) has launched a significant investigation into major smartphone manufacturers, including Samsung and Xiaomi, for alleged collusion with e-commerce giants Amazon and Flipkart. This scrutiny arises from claims that these companies engaged in anti-competitive practices by launching exclusive products on these ...
The current market scenario exhibits considerable volatility, particularly within the banking sector. The Nifty Bank index, which soared to a record high of 53,300 in July, has since encountered downward pressure, primarily due to profit-taking activities. As of now, this index is down over 2.5% from its peak, with noticeable disparities in the performance of ...
Rekha Jhunjhunwala’s Investment in VA Tech Wabag: A Remarkable Surge Rekha Jhunjhunwala, a seasoned investor, has positioned herself in the water treatment industry through her significant investment in VA Tech Wabag. Recently, the company’s stock has gained attention for its impressive performance, reflecting a robust recovery and growth potential in its share value. VA Tech ...
Overview of PN Gadgil Jewelers IPO PN Gadgil Jewelers, a prominent player in the jewellery sector, recently launched a public issue that garnered substantial attention from investors. The IPO, amounting to Rs 1,100 crore, opened on September 10 and closed on September 12. With an impressive subscription rate of 59.41 times, the company is set ...
The Indian government has recently implemented a significant increase in import duties on key cooking oils, including soybean, sunflower, and palm oil, effective from September 14. This strategic move aims to support domestic farmers and stabilize the falling prices of oilseeds in the local market. Data from the government indicates a continuous decline in refined ...
Bajaj Housing Finance IPO: Record-Breaking Subscription and Anticipated Listing Performance The recent public issue by Bajaj Housing Finance, amounting to an impressive ₹6,560 crore, has captured significant attention in the financial market. Closing with a staggering subscription of over ₹3 lakh crore, this IPO has shattered previous records held by notable companies such as Nykaa ...
Ashish Kacholia’s Latest Portfolio Addition: Awfis Space Solutions Ashish Kacholia, often referred to as the “Big Whale” of the Indian stock market, has made headlines once again with an intriguing addition to his investment portfolio. During the June quarter, a noteworthy stock took its place, not due to a fresh purchase, but rather as a ...
Eid-e-Milad Holiday Rescheduled in Mumbai The Maharashtra government has officially announced a change in the Eid-e-Milad holiday for residents of Mumbai. Initially scheduled for September 16, the holiday has been postponed to September 18, 2024. This decision comes following requests from local Muslim community leaders, who sought a more accommodating date for the festivities. Reason ...
Cross Limited: IPO Overview and Future Prospects Cross Limited, a prominent manufacturer specializing in vehicle components, successfully concluded its public issue, raising an impressive Rs 500 crore. The IPO garnered substantial interest and was subscribed an astounding 17.66 times, reflecting robust investor confidence. It opened for subscriptions on September 9 and concluded on September 11, ...
