Mar 21, 2024, 2:54 pm IST
Top 5 Gainers and Losers Today
Stock Market Live Updates
Mar 21, 2024, 2:37 pm IST
Gensol Commissions Solar Project, Shares Gain
Small cap renewable energy and electric mobility pioneer, Gensol Engineering share hit upper circuit in trade today after the company informed via its BSE filing that it has commissioned 10.6 Mwp single rooftop solar project in Madhya Pradesh. Last trading price of Gensol Engineering shares on BSE is Rs 886.90 per share. Gensol Engineering shares offered shareholders return of 194% in last 1-year and 865% return in last 2-years. The company’s market capitalisation is Rs 3358.19 crore. Check details below:
Gensol Engineering Announces Update On Single Rooftop Solar Project: As per the company’s BSE filing issued on March 21, 2024, “we would like to inform you that Gensol Engineering Ltd. has announced the commissioning of a 10.6 MWp single Rooftop Solar project for Trident Limited at its Budhni plant in Madhya Pradesh.”
Mar 21, 2024, 1:44 pm IST
CARE Ratings Limited Upgrades Credit Ratings For Precision Wires India Limited
Care Rating has been revised from CARE A+; Stable (Single A Plus; Outlook: Stable) to CARE A; Positive (Single A; Outlook: Positive) in long-term debts and from Care A1 (A One) to Reaffirmed for short-term debts, for Precision Wires India Limited. The company has made repayment towards Long Term Bank Facilities amounting to Rs. 146.86 Crores & Short Term Bank Facilities totaling Rs. 638.50 Crores.
Mar 21, 2024, 1:23 pm IST
Gold Prices Hit New Lifetime High: Should You Buy Yellow Metal After Big Single Day Jump?
Gold prices in India witnessed a huge single-day jump on March 21, 2024, after the US Federal Reserve decided to maintain the interest rate steady at 5.25-5.5% and the possibility of approximately 3 rate cuts in 2024. The price of 10 grams of 22K Gold soared by Rs 1000 to Rs 61,800 on Thursday and the cost of 10 grams of 24K yellow metal surged by Rs 1090 to Rs 67,420 on March 21, 2024. Now price of 100 grams of 22-carat gold price is Rs 6,18,000 and the cost of 100 grams of 24 carat yellow metal is Rs 6,74,200. Meanwhile, silver prices also recorded a sharp rally today.
Mar 21, 2024, 1:09 pm IST
Vintage Coffee and Beverages Limited To Increase Capacity by 45%, Production by 3x
VCBL has made the strategic decision to enhance the production capacity by an additional 2000 MT, aiming for an annual capacity of 6500 MT. The process of installing this additional capacity will commence in the upcoming months and is expected to be completed by the end of the Q4FY25. VCBL also aims to ramp up utilisation of current 4500 MTPA capacities by end of Q2FY25 to 100% from 52% in Q3FY24. The proceeds from current preferential issue of shares would help the company in meeting its working capital needs for ramping up the current utilisation and in undertaking the required brownfield capex. Mr. Balakrishna Tati, Chairman and Managing Director of Vintage Coffee and Beverages Limited, says “VCBL remains committed to delivering excellence in quality and service while spearheading innovation and expansion in the global coffee market. We are excited about the joumey ahead and look forward to continued success and growth.”
Mar 21, 2024, 12:45 pm IST
Datamatics Unveils TruCap+ GenAI Pricing and Powerful Capabilities
Datamatics, a leading global Digital Technologies, Operations, and Experiences Company, has announced the pricing for its highly anticipated GenAI version of its TruCap+ Intelligent Document Processing (IDP) product. This marks Datamatics as one of the first movers in the IDP software space to offer transparent and accessible pricing for its GenAI version, providing customers with an accurate and predictable spends for utilizing GenAI technology. Mitul Mehta, EVP & Chief Marketing Officer at Datamatics, emphasized, "TruCap+ has Artificial Intelligence at the core. Both versions of TruCap+ boast AI features that make it extremely powerful and tailored for distinct use cases. While the classic version of TruCap+ is better suited for semi-structured documents with moderate complexity, TruCap+ GenAI excels with highly complex and unstructured documents, particularly when the business needs to go live faster."
Mar 21, 2024, 12:28 pm IST
Airtel Expands Its Network Footprint In Bankura District Under Its Rural Enhancement Project
Bharti Airtel, one of India's leading telecommunications service providers, today announced that it has deployed additional sites in the Bankura district to densify its network. Bankura district network enhancement project was undertaken across 3069 villages covering 28.3 Lac rural population. The expansion will enable seamless access to high-speed connectivity that will ensure a reliable mobile network for work, study, and entertainment in rural areas of Bankura.
Mar 21, 2024, 11:54 am IST
Max Fin and HDFC Life Jump in Life Insurance Equities
On March 21, there was a sharp increase in the trading of shares of life insurance companies Max Financial and HDFC Life due to rumours that the IRDAI had probably approved surrender value norms for life insurers. According to the findings, final surrender value laws probably favour life insurance.
Mar 21, 2024, 10:34 am IST
Morgan Stanley on Maruti Suzuki
The price target of Rs 11,228 has been issued by the global trading house. The business has overshot its goal price. On March 20, Maruti shares crossed the Rs 12,000 threshold for the first time.
The way that automobiles are taxed varies. Given their greater environmental benefits over internal combustion engines (ICE) vehicles, electric vehicles are subject to a 5 percent GST, whereas hybrid vehicles are subject to a 48 percent GST.
Mar 21, 2024, 10:27 am IST
Krystal Integrated Services
Krystal Integrated Services' shares opened at Rs 795 on the markets, an 11% premium over the issue price of Rs 715. The company's shares had a successful debut. Analysts had predicted that the listing would come with a premium of roughly 4%.
13.21 times as many shares were subscribed for the Rs 300-crore public offering, with non-institutional investors contributing significantly by purchasing 43.91 times the number of shares they were allocated. Retail investors selected the shares allotted to them 3.32 times, while qualified institutional buyers selected 7.33 times.
Mar 21, 2024, 9:51 am IST
S&P revised India's Economic Growth For FY25
Global rating agency, S&P revised India's economic growth to 6.8% for FY25 from 6.5% and strong domestic economy data will be positive for the market sentiment. Expects positive for auto, metal, IT, infra, PSU and cement stocks, said Siddhartha Khemka Head - Retail Research at Motilal Oswal.
Mar 21, 2024, 9:18 am IST
Rupee falls 0.38 paise against US Dollar
Indian rupee declined 0.38 paise against US Dollar in morning trade on Thursday.
Mar 21, 2024, 8:54 am IST
What To Expect Today?
Prashanth Tapse, Senior VP (Research), Mehta Equities: In a market buoyed by record closings on Wall Street and a confident stance from the Fed, Nifty is poised for significant gains, supported by optimistic economic projections. With interest rates held steady, Nifty's immediate targets stand at 22000 and 22527, while downside risks are limited. Attention is on SBI electoral bonds details, with market volatility expected below 21560. Preferred trades suggest buying Nifty and Bank Nifty, with bullish sentiments prevailing. Additionally, stocks like INDIGO, BANK OF BARODA, and ZOMATO offer promising opportunities, particularly INDIGO, which presents a strong momentum play with targets set for growth.
Mar 21, 2024, 8:44 am IST
Stocks To Buy Today
Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher has recommended buying in three stocks on Thursday. They are -- 1) BUY EIH LTD cmp 416 Stop Loss 407 Target 437; 2) BUY LATENT VIEW ANALYTICS cmp 446.80 Stop Loss 435 Target 470; 3) BUY MGL cmp 1284.80 Stop Loss 1258 Target 1340.
Mar 21, 2024, 8:44 am IST
Nifty And Bank Nifty Support Levels Today
As per Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher, Nifty Spot Index may find support at 21,700 on March 21, while its resistance could be around 22,000. In case of Bank Nifty, the index's support and resistance level is seen at 45,800 and 46,800 respectively.
Mar 21, 2024, 8:24 am IST
Krystal Integrated Services Listing
Among the hot listing on BSE and NSE to watch out today is of Krystal Integrated Services. BSE in its notification said, trading Members of the Exchange are hereby informed that effective from March 21, 2024, the equity shares of Krystal Integrated Services Ltd (Scrip Code: 544149) are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities.
Mar 21, 2024, 8:21 am IST
US Fed's Policy Outcomes To Set Mood
In the policy meeting held on March 20, US Federal Reserve kept rates unchanged, ranging from 5.25% to 5.5%. However, the Fed hinted for three rate cuts of 25 basis points each in 2024 alone, which comes as a good news for market.
Mar 21, 2024, 8:21 am IST
Market Yesterday
The Indian stock market experienced a relatively flat closure on Wednesday, characterized by a rangebound session as investors treaded carefully ahead of the Federal Reserve's policy decision. The benchmark Nifty managed to claw back above the crucial 21,800 mark, staging a recovery after briefly slipping into negative territory for the year 2024. Meanwhile, the Sensex registered a modest gain of 90 points, closing at 72,102.
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