Profitsheets

Indigo Paints share price spiked over 12 percent in the morning session on December 31 after Motilal Oswal initiated coverage on the stock with a buy rating. The stock was trading at Rs 2,187.70, up Rs 245.30, or 12.63 percent at 09:37 hours. It has touched an intraday high of Rs 2,187.70 and an intraday low of Rs 1,980.05. The scrip was trading with volumes of 2,951 shares compared to its five-day average of 1,032 shares, an increase of 185.89 percent. According to the domestic research and broking firm, the Indian paints industry is an oligopolistic industry dominated so far by four large players. The industry has high entry barriers for newcomers as the incumbents have strong moats such as robust distribution networks, strong brand equity, and significant penetration of tinting machines. Indigo Paints is the only new entrant in the last two decades to have successfully overcome these high barriers with its patient and multi-pronged strategy, which comprises of introducing differenti...

Risks of Penny Stocks: If you invest Rs 1 lakh, make a profit of Rs 1 crore in six months. Do not be fooled by the stories. This is the real story Are you wondering if they would have become billionaires if they had invested in this stock thinking that one lakh is not ours … but find out the real story … What is the Risks and Rewards of Penny Stocks: The dream of every single investor these days is to have Multibagger Stocks in their portfolio. Recommendations for this will be taken along. In addition to that, in the news media, the stock that has converted lakhs of investment into crores within a month is being misrepresented. But all these are just miracles … Similar miracles happen every day in the stock market. Who can not recognize when a miracle happens like a poet, does not need to recognize after it has happened. Some penny stocks like that stand out as multi baggers. And let's see what the experts have to say about penny stocks …. In fact investing money in penny stocks ...

Reliance Industries Ltd (RIL) share price rose in early trade today after the company's subsidiary signed definitive agreements to acquire 100 percent of sodium ion battery tech provider Faradion. Reliance New Energy Solar (RNESL) will acquire 100% of Faradion for an enterprise value of 100 million pounds. Under the deal, RelianceNew Energy Solar (RNESL) will subscribe to new equity shares of Faradion for 31.59 million pounds, of which 25 million pounds will be used as growth capital for accelerating commercial rollout and the balance for repayment of debt and other fees. Reliance Industries Ltd (RIL) will use Faradion’s technology at its proposed fully integrated energy storage giga-factory which is part of the Dhirubhai Ambani Green Energy Giga Complex project at Jamnagar. Also Read :  Reliance Industries Ltd (RIL) firing on all cylinders. Can the momentum sustain? “We welcome Faradion and its experienced team to the Reliance family. This will further strengthen and build upon ou...

Stocks In the News: Check out the companies  such as Reliance Industries, CMS Info Systems, SBI and other stocks making the biggest headlines before the opening bell. Reliance Industries: Reliance New Energy Solar Ltd, (RNESL) a wholly owned subsidiary of Reliance Industries has signed definitive agreements to acquire 100% shareholding in Faradion Limited for an enterprise value of 100 million pound. In addition, RNESL will also invest 25 million pound as growth capital to accelerate commercial roll out. CMS Info Systems : Stocks In the News  the company will list on the bourses on December 31. The final issue price is fixed at Rs 216 per share. Essar Shipping : India Opportunities Growth Fund Ltd - Pinewood Strategy sold 20 lakh equity shares in the company at Rs 11 per share on the NSE, the bulk deals data showed. Pioneer Embroideries : Investors - Amit Ratanlal Sekhani sold 2.5 lakh equity shares in the company at Rs 65.3 per share, and Anand Ratanlal Sekhani sold 2.5 ...

Cash management company CMS Info Systems saw a muted listing after a lower-than-expected IPO subscription and soured investor sentiment due to rising Omicron cases. The stock opened at a 2 percent premium on December 31. The stock started trading at Rs 218.50, against an issue price of Rs 216 per share on the BSE, while on the National Stock Exchange, it started off the day at Rs 220.20. It is the last listing in 2021. The public issue of the company, which is promoted by Sion Investment Holdings, an affiliate of Baring Private Equity Asia, had seen a 1.95 times subscription during December 21-23. All kind of investors supported the offer with qualified institutional investors subscribing 1.98 times, retail investors portion booked 2.15 times, and non-institutional investors bidding 1.45 times the allotted quota. CMS Info Systems' public issue was sized at Rs 1,100 crore and was entirely an offer for sale by promoter Sion Investment Holdings. Most analysts had a subscribe rating to...

Benchmark  indices Stocks market ended on a flat note in the volatile session on the F&O expiry day on December 30. At close, the Sensex was down 12.17 points or 0.02% at 57,794.32, while the Nifty closed 9.60 points or 0.06% lower at 17,204. Interglobe Aviation : CMP: Rs 1,980.05 : The stock ended in the red on December 30. IndiGo's chief executive officer Ronojoy Dutta assured shareholders of the airline that the company will emerge stronger after facing nearly two years of uncertainty due to the COVID-19 pandemic. Speaking at the extraordinary-general meeting (EGM) of InterGlobe Aviation, Dutta said that while at the moment, flight bookings have taken a hit given the outbreak of the Omicron variant of COVID-19, the aviation industry in India is still showing strong signs of recovery and any fall in bookings is likely to be temporary. Ipca Labs : CMP: Rs 2,175 : The stocks added over 2 percent after the board of directors of Krebs Biochemicals at its meeting held on December...

Select stocks from the broader market have managed to deliver a massive return to investors in 2021. Data shows that at least 48 stocks on the BSE have rallied more than 1,000 per cent on a year-to-date basis till December 29, while 966 players have surged between 100 per cent-1,000 per cent during the same period. Overall, the BSE Midcap and BSE Smallcap index have advanced 38 per cent and 61 per cent YTD. On the other hand, the BSE Sensex has gained 21 per cent. With a rally of 5,376 per cent, textile player Digjam emerged as the top gainer in the list. The scrip jumped to Rs 224.50 on December 29 from Rs 4.10 on December 31, 2020. This means, Rs 1 lakh invested in this stock at the beginning of the year back has now turned into over Rs 54 lakh at present. Also Read : The company’s income is zero .. but the stock is soaring .. Rs 3 lakh per month! Adinath Textiles (up 4385 per cent), TTI Enterprise (up 4137 per cent), Raghuvir Synthetics (up 3960 per cent), Gita Renewable Energy (up ...

As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore. In Indian stock market the BSE Sensex made history this year by breaching the 50,000-mark for the first time ever, and went on to scale the 60,000 level within the next seven months. It closed at its lifetime high of 61,765.59 on Octo...

Shares of Rane Holdings rose 13 percent intraday to Rs 678.30 on December 30 after the company sold its stake in its joint venture Rane TRW Steering Systems. "The board of directors of Rane Holdings at the meeting held on December 29 has approved the divestment of 87,383 equity shares representing 1 percent of the total shareholding of Rane TRW Steering Systems Private Limited (RTSS/JV) to ZF Automotive JV LLC, USA (ZF)," the company said in its press release. The company sold 1 percent stake in JV for a consideration of Rs 20.16 crore. Currently, RTSS is a 50:50 joint venture between the company and ZF. Pursuant to this divestment, Rane Holdings will hold 49 percent and ZF will hold the remaining 51 percent shareholding in the JV. The transaction is expected to be completed on or before January 31, 2022. Also Read :  Kalpataru Power shares jump 6% on new orders worth Rs 1,560 crore “Our relationship with ZF has gone from strength-to-strength over the past 35 years and the tr...

There have been a lot of deals this year in the business world. Acquisitions of several companies from Air India to Zee Entertainment have been completed and  companies such as Zomato and Baijus have made mergers. We are about to step into the new year in a few days. There have been a lot of mergers and acquisitions this year. Many companies, from startups to large corporations, have made mergers and acquisitions. Let's take a look at the big deals that will take place in 2021 in various fields such as renewables, infrastructure, education, aviation and entertainment. Looking at the education sector . . Byjus company is continuing its buying trend. The company has taken over Akash Educational Services. On April 5, Byjus parent company Think & Learn Pvt Ltd acquired Akash Educational Services Company. Aakash Company provides US-based operations. This is the third US based startup to be taken over by Byjus after Osco, Epic. Byjus may come to IPO in the new year. Its valuation is ...

  NEW DELHI – Shares of Kalpataru Power Transmission jumped 6 per cent in early trade on Thursday as the company bagged new orders worth Rs 1,560 crore. The counter climbed to a high of Rs 377.80 as against Rs 356.70 at the previous close on the National Stock Exchange. The orders are from India, Africa, the Commonwealth of Independent States and South America, while the company’s international subsidiary has secured new power transmission projects in Europe. Earlier this month, Kalpataru Power Transmission (KPTL) and Techno Electric and Engineering Company (TEECL) (a joint-venture partner of KPTL) sold their respective stakes in Kohima-Mariani Transmission (KMTL) to CLP India (Apraava Energy), reports said. In the July-September quarter, Kalpataru Power Transmission’s net profit declined 42.36 per cent to Rs 83 crore as against Rs 144.00 crore during the previous quarter ended September 2020. Sales rose 17.05 per cent to Rs 3549.00 crore in the quarter ended September 2021 as aga...

Company's performance is not good. But the share price is running high. Offering returns to investors. Wondering what that stock is? that is Vegetable Products Company's revenue is zero. But the company's share price is running high. Wondering what the heck is going on with a company that is not performing well? What do you think of that company? But you need to know this. There is a company called Vegetable Products. It makes edible oil. The company's revenue for the 2020-21 financial year was zero. However, the share price of the company is skyrocketing. Over the course of the month the share price rallied over 200 per cent. Looking at the performance of the same year .. The share price has run over 1000 percent. The stock market has also come under pressure as the number of Omicron cases has increased. Under such circumstances investors are looking towards penny stocks. These are less expensive. It should also be noted that the market cap is also low. Also Read :  St...

Shares of RBL Bank hit a fresh 52-week low on December 30, falling over 8 percent. The stock has been in focus after the bank wrote-off loans worth Rs 300 crore within seven months of the loans being sanctioned. At 10:59 hours, the stock was trading at Rs 132.75, down Rs 11.55, or 8.00 percent. It touched a 52-week low of Rs 130.50. The key reason for Reserve Bank of India's sudden intervention in private lender RBL Bank was a Rs 300-crore loan that was written off within seven months of being sanctioned, according to a report by newspaper publication Mint. In other news, RBL Bank on December 30 informed that the RBI has approved the appointment of Rajeev Ahuja as Interim Managing Director and CEO of the bank for a period of three months with effect from December 25, 2021 or till the appointment of a regular MD and CEO, whichever is earlier. RBL Bank’s financial health is stable and it is well-capitalised, the RBI said on December 27, two days after its sudden move to name Yogesh D...

Stocks In News: Check out the companies  such as Interglobe Aviation, RBL Bank, Sigachi Industries, and other stocks making the biggest headlines before the opening bell. Interglobe Aviation:  The company will hold its EGM today to seek shareholder nod for amending Articles of Association. Sigachi Industries : Foreign investor 3 Sigma Global Fund sold nearly half of its stake in the company, selling 2.46 lakh equity shares at Rs 403.4 per share on the NSE, and offloading 3 lakh equity shares at Rs 402.01 per share on the BSE, the bulk deals data showed. IRB Infra: The company has raised Rs 5,347 crore via equity issue at Rs 211 per share; promoter holding falls to 34%. RBL Bank: The bank wrote-off Rs 300 crore loan within seven months of being sanctioned. Gayatri Projects: Consortium Of banks led by Bank of Baroda has initiated a forensic audit. HP Adhesives: Foreign investor Nexus Global Opportunities Fund exited the company by selling 3,04,923 equity shares in the comp...

  JB Chemicals’ stock touched a 52-week low of Rs 957 on February 01 and 52-week high of Rs 1,984.75 on September 28, respectively. Shares of JB Chemicals and Pharmaceuticals rose 3 percent in early tarde on December 29 as the company will launch Molnupiravir in the Indian market. “JB Chemicals and Pharmaceuticals is set to launch Molnupiravir 200 mg for the Indian market. Marketed under the brand name Molunamax, it will soon be available all across the country in the next month for the treatment of mild COVID-19,” the company said in a release. Recently, Molnupiravir received USFDA Emergency Use Authorization (EUA) for the treatment of mild to moderate COVID-19. In India, the Central Drugs Standard Control Organisation recently recommended for grant of permission to manufacture and market Molnupiravir 200 mg capsule for restricted use under emergency situations for the treatment of patients above the age of 18 years, who are diagnosed COVID-19 positive, with SpO2 > 93% and thos...

  Stocks In News: Check out the companies making the biggest headlines before the Market opening. Aurobindo Pharma:  The company has obtained Drugs Controller General of India’s permission to manufacture and market its generic version of Molnupiravir to be marketed as Molnaflu, licensed from MSD and Ridgeback. Schablona India:  National Company Law Tribunal has approved the scheme of amalgamation of the company with Somany Ceramics. Jammu & Kashmir Bank:  The bank has approved the appointment of Balvir Singh Gandhi as Chief Financial Officer (CFO), in place of Rajni Saraf for a period of three years. Diligent Media Corporation:  Rajendra Bathula has resigned as the Chief Financial Officer of the company. India Grid Trust:   The consortium of IndiGrid 1 and IndiGrid 2, wholly-owned subsidiaries of India Grid Trust, has completed the acquisition of 100 percent paid-up capital and management control of Kallam Transmission, from REC Power Development and Co...

Benchmark stocks  indices ended higher for the second consecutive session on December 28 led by the IT, auto, capital goods and banking names. At close, the Sensex was up 477.24 points or 0.83% at 57,897.48, and the Nifty was up 147 points or 0.86% at 17,233.30. RBL Bank : CMP: Rs 145 : The share price was up over 2 percent after the company share get included under F&O ban on NSE. The security have crossed 95 percent of the market-wide position limit. RBL Bank was under severe selling pressure, down 18.5 percent at Rs 140.95 on December 27, after the Reserve Bank of India on December 25 appointed Yogesh Dayal as an additional director on RBL's board and Vishwavir Ahuja, managing director and CEO, went on a medical leave with immediate effect. The bank announced it had extended the partnership with Bajaj Finance for co-branded credit cards for a period of 5 years till December 2026. Sastasundar Ventures : CMP: Rs 466.85 :  The stock jumped 5 percent after ace investor Ash...

BSE (Bombay Stock Exchange )Limited share price jumped over 7 percent in the morning session on December 28 on news that the company's board will consider a bonus issue on February 10. The BSE  (Bombay Stock Exchange )board will meet on February 8 to consider the unaudited financial results for the quarter and nine months ended December 31, 2021. It will also consider a proposal for issuing bonus shares. "As per Regulation 29(1)(f) of the SEBI Listing Regulations, the Board of Directors shall, inter-alia, consider, the proposal for issue of bonus shares at the aforesaid meeting, subject to requisite approvals," BSE said in a statement. Also Read :  CMS Info Systems IPO : Share allotment today, Check allotment status online The stock was trading at Rs 1,963.85, up Rs 128.70, or 7.01 percent, at 10:34am. It has touched an intraday high of Rs 2,028.00 and an intraday low of Rs 1,938.30. The scrip was trading with volumes of 1,224,336 shares, compared to its five day average ...

The primary market, which has been setting new records for over a year, will no longer be bustling. SEBI, the regulator of capital markets, has recently given the green signal to both companies to take up public issues. The companies applied for the IPO' in September. Along the way, three other companies have now filed a preliminary prospectus with SEBI seeking permission to raise funds. Hyderabad-based Rainbow Children's Medicare is one of the IPO companies. Let's see the details .. Global Health Ready The Madanta brand hospital management company is coming up with a global health public issue. SEBI says OK. As part of the IPO, the company raised Rs 500 crore worth of equity will be issued fresh. In addition, promoters and current shareholders will sell another 4.84 crore shares. Mainly PE giant Carlyle Group will offer 4.33 crore shares. The company co-founders Sunil Sachdeva and Suman Sachdeva will sell 51 lakh equity shares. The latest equity funds will be used for loan...

Shares of Ajanta Pharma gained more than 5 percent intraday to Rs 2,299.90 after the company's board approved a share buyback worth Rs 285.6 crore today. The board of directors of Ajanta Pharma approved a buyback of up to 11,20,000 fully paid-up equity shares of face value of Rs 2 each by the company at a price of Rs 2,550 per equity share payable in cash, as per the company's press release. The total pay-out towards buyback of shares will not exceed Rs 356 crore (equity shares buyback consideration not exceeding Rs 286 crore + buyback tax not exceeding Rs 70 crore) on a proportionate basis through the tender offer process. Also Read :  Stocks In News : Data Patterns, Ajanta Pharma, PSP Projects and other stocks This buyback represents 1.29% of the total number of equity shares of the company and 9.89% of the paid-up share capital and free reserves of the company as per the audited financial statements for FY21. The board has fixed January 14, 2022 as the record date for the sa...

Pharma company Supriya Lifescience started the first day of trade on a strong note as the stock listed with a massive 55.11 percent premium on December 28, backed by solid subscription numbers, and healthy financials with strong return ratios. The stock opened at Rs 425 on the BSE against the issue price of Rs 274, while the opening price on the National Stock Exchange was Rs 421. The initial public offering of the active pharmaceutical ingredients manufacturer garnered huge demand from investors as the offer was subscribed 71.51 times during December 16-20. Non-institutional investors had put in maximum bids as their reserved portion was subscribed 161.22 times. A part set aside for retail investors was booked 56.01 times and that of qualified institutional buyers saw 31.83 times subscription. Supriya Lifescience has mobilised Rs 700 crore via the issue, which was priced at Rs 265-274 per equity share. Pharma company Supriya Lifescience started the first day of trade on a strong note ...

Stocks In News : Check out the companies  such as RBL Bank, Siemens, GE Shipping and other making the biggest headlines before the opening bell. Biocon: SEC recommends emergency use nod for Serum’s COVID vaccine Covovax. Divi’s Labs: SEC permits manufacturing and marketing of Merck’s Molnupiravir. Inox Wind: The company board approved raising fund of Rs 90 crore. Maharashtra Seamless: The company has bagged order worth Rs 151 crore from PSUs for ERW, seamless pipes. GE Shipping: The company board approved share buyback worth up to Rs 225 crore at maximum Rs 333 per share. BSE: The company to consider bonus issue on February 10. Supriya Lifescience : Supriya Lifescience is in todays Stocks In News .The company will make its debut on the bourses on December 28. The final issue price is fixed at Rs 274 per share. Sastasundar Ventures : Ace investor Ashish Kacholia acquired 2.25 lakh equity shares in the company at Rs 447 per share, however, Microsec Vision Trust One sold 2.25...