Defense sector stocks gained up to 7% on Tuesday led by state-run Mazagon Dock Shipbuilders which hit the day’s high of Rs 2,219.90 on the NSE following an order for constructing DWT Multi-Purpose Hybrid Power Vessels for an undisclosed amount from a European client. Cochin Shipyard, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat … Read more
Mumbai: Come July 15, promoters must disclose to exchanges their family settlement agreements or arrangements that have a bearing or influence on management control of listed entities for such deals to remain legal. In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as … Read more
Shares of defence companies were buzzing in Tuesday’s trade, with Premier Explosives leading the rally on favourable growth prospects, backed by robust order book and healthy pipeline. While Premier Explosives was up nearly 20% in intraday trade, Bharat Dynamics and Zen Technologies rose 15% and 13%, respectively. Mazagon Dock Shipbuilders, on the other hand, was … Read more
Satyanarayan Nuwal, the Chairman of Solar Industries India, was born and brought up in Bhilwara, a village in Rajasthan. In 1995, he started Solar Industries India to trade in industrial explosives then started manufacturing them. The major part of his annual revenue is from exports, followed by housing and infrastructure, state-owned coal companies and the … Read more
Indian market closed in the green for the second consecutive day in a row on Wednesday. The S&P BSE Sensex and Nifty50 closed flat with a positive bias. Sectorally, buying was seen in realty, telecom, capital goods, banks, and financial stocks while selling was seen in IT, consumer durables, and oil & gas stocks. Stocks … Read more
Indian markets closed in the green on Tuesday after a long weekend tracking positive global cues. The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above the crucial resistance placed around 17800 levels. Sectorally, buying was seen in auto, realty, oil & gas, consumer discretionary, power, and utilities while some selling was … Read more
NEW DELHI: Key benchmark indices Sensex and Nifty50 rallied in four of five sessions last week, producing a solid 1.4 per cent return each. At least 35 stocks from the broader BSE500 index, which is up for the last seven sessions, delivered double digit returns for the week, with every one of five index constituents … Read more